ICRA News

In June 2025, domestic air passenger traffic was estimated at 138.7 lakh, a 5.1% increase over 132.1 lakh in June 2024.  

The combined Index of Eight Core Industries (ICI) increased by 0.7 per cent in May compared to the same month last year, according to the Ministry of Commerce and Industry data. 

The Gross Enrolment Ratio (GER) for higher education has increased over the years — from 21% in AY2012 to approximately 28% in AY2022. 

According to ICRA, as per the existing practice, borrowers are charged an all-inclusive interest rate as agreed upon by the lending partners. 

ICRA expects the SFB growth to moderate in FY25 to 18-20 per cent from 24 per cent in FY24, and subsequently pick up in FY26 to 20-23 per cent. 

As per a new ICRA study, the Indian air passenger traffic has smoothly registered a hike of 2.3 per cent in May in comparison to the month of April

With healthy passenger traffic and pricing discipline, Indian Airlines are looking forward to cut down on annual losses by roughly Rs 50-70 billion in this fiscal.

The consolidated external debt of the company has declined by Rs 15,300 crore to Rs 21,870 crore as on December 31, 2022, from Rs 37,170 crore as on August 31, 2020, and is expected to further reduce through asset divestment, the agency said.

The interest coverage ratio for the agency's sample adjusted for sectors with relatively low debt levels like IT, FMCG and pharma witnessed a moderation in Q3FY23 to 4.3 times from 5.1 times on a sequential basis.

Government will soon make 6 airbags compulsory in all passenger vehicles The airbags industry is assumed to grow to Rs 7,000 crore by FY2027 Currenlty, only two airbags are mandatory in cars in India

Over Rs 3.36 lakh crore has been spent on the banks in the last six years, ICRA said. Courtesy of the over Rs 3.36 lakh crore of fund infusions from the taxpayers. The agency also said it expects the budget to have some provision for a permanent refinance window from the RBI.

RBI had said that classification of special mention accounts and non-performing accounts should be done on a day-end position basis. The classification should be upgraded from an NPA to standard category only after clearance of all outstanding overdue, RBI added. ICRA said that these new norms will impact on earnings performance of such entities.

Icra on Monday said it expects the second half of the fiscal year to have brighter prospects. The robust kharif harvest is likely to sustain the consumption demand from the farm sector. The agency has revised up its GVA (gross value added) growth estimate for agriculture, forestry and fishing to 3 per cent

Inflation in the food basket was 2.02 per cent in April, down from 4.87 per cent in the preceding month. CPI inflation dipped to a three-month low in April 2021. The prevailing localised restrictions appear to have had a limited impact on prices in April 2021.

The industry was recovering well till the second wave hit. The food and grocery retailers are set to deliver revenue growth of 8-10 per cent in 2021-22. The pandemic has also spurred the adoption of online retailing in India.

The rating agency has however retained ICRA A1+ rating for Commerical paper programme, Short term debt programme and short-term non-fund-based facilities of Tata Motors                                                                                                                                                                                              .

The Serious Fraud Investigation Office (SFIO) report points out gaping holes in the style of functioning of rating agencies which were complicit with the rogue management.

The domestic passenger traffic remained on an upswing between July 2013 and March 2019, after witnessing year-on-year de-growth in June 2013, the ratings agency said in a note on Thursday.

Following infusion of capital in these banks, their financial health improved leading RBI to remove them from Prompt Corrective Action (PCA).

ICRA, which had earlier projected a growth of 8-9 percent, however, maintained stable outlook on domestic passenger vehicles (PVs) industry for the year.