New Delhi, Dec 29 (IANS) Factors like India-Pakistan conflict in May, deadly Air India crash in June, flight cancellations earlier this month due to severe IndiGo crisis and the rupee depreciation against US dollar can result in Rs 170-Rs 180 billion loss to the Indian aviation industry this fiscal (FY26), higher than the earlier projections of Rs 95-Rs 105 billion, a report showed on Monday.ICRA has revised its forecast for domestic air passenger traffic growth to 0-3 per cent in FY26 against i…
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New Delhi, Dec 29 (IANS) Healthy gains in manufacturing and mining suggest that underlying industrial momentum is strengthening in India, potentially supporting broader economic performance in the near to medium term, industry leaders and economists said on Monday.The Index of Industrial Production (IIP) registered a record high growth of 6.7 per cent (quick estimate) in November, compared to 5 per cent in the same month last year, “driven by notable deceleration in the manufacturing and mining …
New Delhi, Dec 29 (IANS) The business outlook for the Indian hospital industry remains positive, with its revenue expected to grow 18-20 per cent in FY2027, a report said on Monday.According to the report by credit rating agency ICRA, the sector’s growth, based on a sample set of 11 leading listed hospital companies, is supported by sustained high occupancy and healthy average revenue per occupied bed (ARPOB).In FY2026, the Indian hospital sector grew 16-18 per cent, reflecting expectations of…
New Delhi, Dec 29 (IANS) The proposed amendments to the Insolvency and Bankruptcy Code (IBC) such as introduction of group insolvency, cross-border insolvency and creditor-initiated insolvency are encouraging as they could boost recovery rates which been persistently low due to the lengthy resolution process, according to a report released on Monday.The strengthening of NCLT and NCLAT manpower along with other legal reforms are expected to reduce the burden on the judiciary, according to the ICR…
New Delhi, Dec 27 (IANS) India’s real GDP growth is projected at 7.4 per cent for FY26, up from 6.5 per cent in FY25, a report has said, highlighting seasonal pick up in electricity, mining and construction sectors.The report from ICRA said that growth is expected to ease below 7 per cent in H2 FY26 from 8 per cent in H1 because of an unfavourable base effect and moderation in exports.The report expects a pause in the February 2026 policy review by the RBI, with future decisions to be guided b…
New Delhi, Dec 26 (IANS) Rating agency ICRA on Friday raised its growth forecast for India’s tractor industry, citing strong demand, supportive policies and favourable farm conditions. The agency now expects tractor wholesale volumes to grow by 15–17 per cent in the financial year 2025–26 (FY2026), sharply higher than its earlier estimate of 8–10 per cent.This also marks a clear improvement from the 7 per cent growth recorded in FY2025, it said.The upward revision comes after a strong pe…
New Delhi, Dec 25 (IANS) Over the past years, the government has undertaken a historic wave of reforms, abolishing over 40,000 unnecessary compliances and repealing more than 1,500 outdated laws, thus creating a modern, efficient, and citizen-friendly ecosystem. The GST rate rationalisation, which came into effect from September 22 this year, was one such ‘Big Bang reform’ towards building a ‘Viksit Bharat’.On the 79th Independence Day, Prime Minister Narendra Modi addressed the nation and a…
New Delhi, Dec 22 (IANS) The office occupancy levels are on a steady upward trajectory in Delhi-NCR and are projected to rise to 80.5-81 per cent by March 2027, a report showed on Monday.The Grade-A office market in Delhi National Capital Region (NCR) continues to demonstrate strong fundamentals, driven by sustained leasing demand that is outpacing new supply, according to an ICRA report.The market has witnessed a significant turnaround since March 2023, with occupancy increasing by 600 basis po…