ICRA

Now, you can visit virtual showroom to view and order handicrafts by TN artisans

The products of the handicraft artisans can also be displayed through the virtual reality showroom at places where people gather in large numbers like airports and commercial complexes

published on : 6th October 2020

Central tax devolution to states expected to fall by over 36 per cent for fiscal year 2020-21: ICRA

At present, open market borrowings or state development loans are the chief source of funding the fiscal deficit of state governments.

published on : 2nd October 2020

ICRA downgrades TAJGVK Hotels' credit ratings of long-term loans, short-term credit facilities

The revision for rating is on account of expected sharp revenue and margin decline expected for financial year 2020-21 due to steep demand drop owing to the pandemic

published on : 28th September 2020

Amazon.in to host 'Handicrafts Mela' from September 26 to October 10 to support artisans, weavers

Through a virtual Handicrafts Mela, Amazon India aims to generate consumer demand for arts and crafts that reflect the cultural heritage of the country, he added.

published on : 26th September 2020

Road transport corporations' revenues to contract 35-40 per cent in FY21 due to COVID-19 challenges: ICRA

The most significant challenge ahead for the RTCs after the lockdowns are fully lifted would be to increase passenger movement while containing the spread of the virus.

published on : 16th September 2020

Corporate revenues slides 31 per cent in April-June 2020, profit margin drop not as stark: ICRA

The rating agency said corporate revenues had been falling for three quarters prior to the last one due to the weak macroeconomic climate but had never declined by as high as the 31.1 per cent.

published on : 3rd September 2020

Toll collections on recovery path; reach 85 per cent of pre-COVID-19 level in July: ICRA

Majority of the national highway stretches being arterial routes have 70-75 per cent of toll collections from commercial vehicles; passenger vehicles account for less than a quarter of toll collection

published on : 24th August 2020

COVID-19 pandemic impact to be severe, prolonged for aviation, hospitality, retail: ICRA

ICRA said the rapid spread of the pandemic has crippled the economy globally over the past five months, and India is no different.

published on : 10th August 2020

Centre scraps handicrafts, handloom boards, says ‘Minimum Government and Maximum Governance’

The board which comprised members from Centre, state governments was constituted on January 23, 1992 under the chairpersonship of Union Minister of Textiles.

published on : 7th August 2020

ICRA expects 2-wheeler sales to decline 16-18 per cent in FY21

ICRA said despite the overall muted macro-economic sentiments, on the positive side, the rural economy offers some growth off-shoots in the form of healthy rabi output and lower COVID-19 impact.

published on : 6th August 2020

Renewable capacity addition likely at 8GW this fiscal: ICRA

Within the renewable segment, the utility scale solar segment is expected to be very close to the 60 GW capacity target set by the government.

published on : 29th July 2020

Auto component sector’s annual revenues to plunge 14-18 per cent in FY21

The global light vehicle outlook too is expected to remain negative in the next 12-18 months and these factors will have a serious bearing on auto component industry’s prospects, added Ray.

published on : 11th July 2020

Customers will shift towards petrol, CNG cars as price gap with Diesel drops: ICRA

The share of diesel vehicles has already reduced to 29 per cent in 2019-20 from 58 per cent from 2012-13, and it will further reduce to about 15-18 per cent.

published on : 8th July 2020

Modi government’s pet project Bharatmala Phase-1 to get delayed by four years: ICRA

According to the agency, the project is now likely to get completed by 2025-26 instead of the earlier envisaged 2021-22.

published on : 11th June 2020

Bad loans to soar, affect banks’ profitability: ICRA

For FY20, NPAs are pegged at 8.6% and considering the unexpected rise in bad loans in FY21, capital needs of banks shot up from Icra’s earlier estimate of Rs 10,000-20,000 crore.

published on : 5th June 2020
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