New Delhi, May 29 (IANS) Domestic air passenger traffic in India fell 2 per cent year-on-year (YoY) in April 2026 to 140.8 lakh passengers, amid geopolitical disruptions, a report said on Friday.The domestic air traffic stood at 143.1 lakh passengers in the same month last year, according to ICRA’s latest monthly report on the aviation sector.On a sequential basis, traffic was also lower by 2 per cent from 143.7 lakh passengers recorded in March 2026, the report said.The report noted that airl…
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New Delhi, May 25 (IANS) Government-owned oil marketing companies — Indian Oil, Hindustan Petroleum and Bharat Petroleum — are still losing around Rs 600 crore a day despite the increase in petrol and diesel prices announced on May 25, a senior government official said on Monday.This is the fourth increase in the prices of the two fuels over the last 10 days. The oil companies raised the price of petrol by Rs 2.61 a litre and that of diesel by Rs 2.71 per litre. The increase takes the cumulati…
New Delhi, May 22 (IANS) The Indian passenger vehicle segment has witnessed strong volume growth driven by GST rate cuts, the extended summer wedding season, and healthy demand for newly launched models, despite concerns over a weak monsoon outlook and the ongoing West Asia crisis, a report showed on Friday.ICRA expects passenger vehicle industry volumes to expand by 4.6 per cent in FY27, led by the likelihood of sustained demand momentum. The moderation in growth considers the elevated base of …
New Delhi, May 20 (IANS) Operating profitability for Indian cement companies is expected to moderate in 2026-27 as higher power and fuel prices and rising selling costs linked to geopolitical tensions in West Asia weigh on margins, a report said on Wednesday.The report from ICRA highlighted that the OPBIDTA per tonne for its sample set of cement companies is projected to ease by 10–15 per cent to Rs 820–870 per metric tonne in 2026-27, from an estimated Rs 950–980 per metric tonne in 2025-…
New Delhi, May 20 (IANS) India’s two-wheeler industry expected to witness wholesale volume growth of up to 5 per cent year-on-year in FY2027, supported by GST rationalisation and improving replacement demand, according to a report released on Wednesday.A report by ICRA has highlighted that domestic two-wheeler wholesale volumes recorded a sharp increase of 29.2 per cent year-on-year in April 2026 to reach 1.9 million units due to improved affordability following the implementation of GST 2.0 r…
New Delhi, April 28 (IANS) India’s domestic air passenger traffic rose 1 per cent YoY in March 2026 to 146.8 lakh and it surged 4.4 per cent on a monthly basis, a report said on Tuesday.Domestic air passenger traffic stood at 1,677.4 lakh in FY26, up 1.4 per cent on an annual basis, the report from ICRA said.In February 2026, international passenger traffic for Indian carriers stood at 28.5 lakh, marking a decline of 0.3 per cent YoY and a sequential fall of 16 per cent.”Growth in domestic air…
New Delhi, April 27 (IANS) India’s passenger vehicle (PV) wholesale volumes rose 16 per cent year‑on‑year (YoY) to 4.4 lakh units in March 2026 and improved 6 per cent sequentially, as original equipment manufacturers (OEMs) continued steady production to cater to the robust domestic demand, a report said on Monday.The automobile wholesale volume is projected to grow 4–6 per cent in FY27, as demand is supported by GST rate cuts and new model launches, the report from ICRA said. The growth …
New Delhi, April 21 (IANS) India’s two-wheeler sales touched record high in FY26, with domestic wholesale volumes surging to around 22 million units, a report said on Tuesday.The report from ICRA estimated that wholesale volumes grew by around 20 per cent in March 2026, while retail volumes jumped 28.7 per cent on a YoY basis, and two-wheeler domestic volumes grew by approximately 11 per cent for the full fiscal year.The ratings agency forecasted two-wheeler wholesale volume growth to moderate…
New Delhi, April 15 (IANS) India’s wholesale price inflation (WPI) saw a rise in March, driven largely by higher global energy prices amid geopolitical tensions in West Asia, according to economists on Wednesday.Rahul Agrawal, Senior Economist at ICRA, said that the uptick was broad-based, with crude petroleum and natural gas, along with fuel and power.”Notably, these two groups together accounted for 150 basis points of the 175 basis points uptick in the headline print in March 2026 relative …
New Delhi, April 10 (IANS) Strengthening India’s real estate insolvency framework needs a fundamental shift from entity‑level resolutions to a project‑centric model that prioritises completion and delivery of homes, a report said on Friday.The report from ICRA called for strengthening coordination between the Insolvency and Bankruptcy Code, 2016 and the Real Estate (Regulation and Development) Act, 2016 to achieve this transition.The Committee on Framing Guidelines for Insolvency Proceedings…