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Solar capacity addition estimated at 7~7.5 GW in FY2018, says ICRA
Updated : 8 years, 6 months ago IST
New Delhi [India], Apr 1 (ANI): Credit rating agency ICRA estimates the solar capacity addition to increase from 3.5-4 GW in FY2017 to at least 7-7.5 GW (in grid connected utility segment) in FY2018.
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Rising costs weigh on profitability of cement companies in coming quarters
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar 30 (ANI): Credit rating agency ICRA expects cement demand growth, which has been significantly impacted post demonetisation, to recover to around four to five percent during FY2018, driven by a pick-up in the infrastructure segment, mostly road and irrigation projects
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Affordable housing segment to remain key growth driver in Indian Mortgage
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar 22 (ANI): Credit rating agency ICRA on Wednesday estimated that total housing credit outstanding in India slowed down to 16 percent for the 12 months ending December 31, 2016 vis-a-vis 19 percent in FY2016 with the overall housing credit being Rs. 1 3.7 trillion as on
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CoinTribe, SMERA Ratings join hands to simplify MSME loan facilitation
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar 22 (ANI): India's leading online lending marketplace CoinTribe has announced a strategic alliance with SMERA Ratings Limited.
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Vodafone-Idea to be India's largest telecom operator: ICRA
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar. 21 (ANI): After telecom majors Idea Cellular and Vodafone India Ltd. (VIL) announced the acceptance of their merger, credit rating body ICRA believes that this consolidation will be positive for the industry, as it would restore some pricing power and give better barg
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Revival of irrigation sector is beneficial for construction companies, say
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar. 20 (ANI): According to credit-rating agency ICRA, the Government has helped construction companies improve their order book positions by investing in urban infrastructure segments.
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Apparel and fabric industry in knots over sluggish exports, demonetisation
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar 17 (ANI): Credit rating agency ICRA on Friday noted that the global apparel trade remains under pressure, having contracted for the second consecutive year in CY2016, owing to subdued demand conditions in the key importing countries.
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Disruptive changes to alter oil and gas industry to slowdown, says ICRA
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar 14 (ANI): Credit rating agency ICRA in its report on Tuesday said that the crude oil era is set for a structural slowdown leading to significant implications for different stakeholders in the Oil and Gas industry according to recent study by ICRA.
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Indian two wheeler industry limping back to normalcy post demonetization,
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar 10 (ANI): Credit rating agency ICRA on Friday noted that post demonetisation, the liquidity crisis has resulted in volume compression of 11.3 percent during Nov'16-Jan'17 over the corresponding previous.
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ICRA highlights capacity constraints at Indian Airports
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar. 9 (ANI): As per credit rating agency ICRA, the air traffic estimates by FY2022 are expected to exceed by 450 million passengers, which means that the country would need to double its existing capacity over the next five years, capital expenditure estimated to the tune
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Current account deficit to widen to USD 30 billion in FY2018, says ICRA
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar 9 (ANI): Credit rating agency ICRA in its report noted that it expects higher oil and gold imports to enlarge India's current account deficit to ~USD 30 billion (1.2 percent of GDP) in FY2018 from ~USD 20 billion in FY2017 (0.9 percent of GDP), arresting the trend
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Indian Aviation Industry to witness max passenger traffic growth amidst pr
Updated : 8 years, 6 months ago IST
New Delhi [India], Mar 8 (ANI): Credit rating agency ICRA has said that the Indian Aviation Industry is likely to report 22 to 23 percent passenger traffic growth in FY2017 supported by ongoing low airfare regime says ICRA in its report.
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