Tag: icra
Core sector output slows to seven-month low of 0.5% in May
India’s core sector growth slowed to a seven-month low of 0.5% year-on-year in May, from 1.8% in April, as lower output from energy-related industries dragged…
War, oil and El Nino: Triple threat may cut India Inc’s profit margins by 150 bps
New Delhi: Rating agency ICRA on Thursday said geopolitical tensions in West Asia are likely to act as a key overhang and impact earnings of…
New series debut: WPI at 9.7% in May; energy costs drive surge; revamped index expands basket to 957 items
New Delhi: India’s wholesale inflation rose to a record 9.7% year-on-year in May, the first reading under the revised Wholesale Price Index (WPI) series that…
Retail inflation edges up to 3.9% in May
New Delhi: India’s retail inflation rose to 3.93% year-on-year in May – the highest level under the new 2024 base year series introduced in January…
India defies West Asia war concerns as Q4 GDP growth hits 7.8%; risks remain ahead
New Delhi: India’s economy grew by a better-than-expected 7.8% in the March quarter from a year earlier, belying fears of the West Asia war hurting…
A ₹3 lakh crore rain check? India’s monsoon now comes with a Hormuz fine print
India’s agribusiness has always had two unpredictable masters: the sky above, and the seas below. But this year, while farmers keep one eye on the…
RBI MPC meet: Central bank likely to maintain status quo on rates, adopt cautious approach amid West Asia crisis
Mumbai: The Reserve Bank is expected to leave the key policy rate unchanged at 5.25 per cent this week and adopt a cautious stance that…
Fuel price hikes may push inflation towards 5%, RBI likely to stay cautious: Economists
New Delhi: Fuel price hikes and higher import duties on gold and silver could push retail inflation to 5 per cent by June, but the…
RBI unlikely to hike rates soon despite inflation risk, rate action only in Dec if needed: Icra’s Aditi Nayar
Mumbai: The Reserve Bank of India (RBI) is unlikely to rush into monetary tightening despite mounting inflation risks from higher fuel prices and monsoon uncertainty,…
Core sector output rises 1.7% in April
India’s core sector output grew 1.7% year-on-year in April, up from 1.2% in March, supported by stronger electricity generation and cement production, official data released…