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The Latest Breaking News from ICRA

India ready for a premium wealth show while US missiles rattle the world

India's festive shopping season is set to highlight the country's premiumisation boom despite global uncertainty triggered by the US-Iran war. Economists and industry executives say resilient consumer demand, rising household wealth and a rapidly expanding affluent class are driving spending on premium products, from smartphones and luxury homes to automobiles…

The Economic Times

ICRA Q1 Results: Profit rises 32% YoY to Rs 56 crore

ICRA Ltd reported a 32 percent net profit increase for the first quarter. Revenue from operations also saw a significant 31.2 percent year-on-year rise. Healthy growth in ratings and sustained momentum in risk and analytics supported performance. Demand in industries and NBFC segments drove ratings revenue growth. Risk and analytics…

The Economic Times

Alternate fuel penetration in Indian CV industry to touch 40-45% by FY30: ICRA

The rise in EV penetration in the commercial vehicles (CV) industry is led primarily by the bus segment within the M&HCV (medium and heavy commercial vehicle) category, ICRA said.

The Economic Times

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Domestic air passenger traffic to rise by 3-6 pc in this fiscal: ICRA

The domestic air travel sector is projected to see a growth of three to six percent in the current fiscal year, while Indian airlines may experience a modest increase of zero to three percent in international traffic. However, the industry faces a concerning net loss estimated between thirty-six and thirty-eight…

The Economic Times

Tractor industry's volume growth likely to moderate to 1-4% in FY27: Icra

Tractor industry volume growth is expected to moderate to one to four percent this fiscal year. This moderation follows a strong growth of twenty-three point five percent in the previous fiscal year. A below-normal monsoon forecast and a high base effect are contributing factors to this slowdown. Recent rainfall data…

The Economic Times

Power transmission projects to face execution risks on land acquisition, regulatory approval challenges: Icra

Power transmission projects face significant execution risks and delays. Land acquisition and regulatory approvals hinder timely project completion. These delays impact renewable energy developers and their financial returns. The sector expects substantial capacity additions by 2032. However, execution challenges persist for future projects.

The Economic Times

No smooth landing: ICRA sees Indian airlines' losses widening up to Rs 38,000 crore in FY27

India's aviation sector faces a grim outlook, with ICRA projecting net losses to skyrocket to ₹36,000-38,000 crore in FY27. This sharp revision stems from a weaker rupee, soaring fuel costs, higher aircraft lease rentals, and subdued passenger demand, exacerbated by the West Asian conflict. Airlines are struggling to pass on…

The Economic Times

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Vedanta Aluminium shares rise nearly 2% as CLSA initiates Outperform call, sees 18% upside potential. Here's why

Vedanta Aluminium Metal shares surged nearly 2% after CLSA initiated coverage with an 'Outperform' rating and a Rs 540 target price, citing a strong aluminium cycle and operational strengths. The brokerage anticipates backward integration will significantly improve the company's cost position. Robust demand from electrification and constrained supply are expected…

The Economic Times

Indian two-wheeler industry to see moderate growth at 3-5% in FY27: ICRA

India's two-wheeler sector anticipates a modest 3-5% wholesale volume growth in FY27, according to ICRA. While domestic demand and exports remain strong, challenges like a high base, potential weak monsoon, and inflation-driven price hikes could temper expansion. The electric two-wheeler segment, however, continues its impressive surge, capturing significant market share…

The Economic Times

War, oil and El Nino: Triple threat may cut India Inc's profit margins by 150 bps

India Inc faces challenges ahead. Geopolitical tensions in West Asia and El Nino conditions may hurt company profits. Operating profit margins could shrink. Rural demand might be disrupted. Revenue growth is projected to slow down. Companies may face higher costs for imports and fuel. Some sectors show resilience in investment.…

The Economic Times

Dhan parent Raise Securities posts Rs 905 crore revenue, profit down 20% in FY26

The company had reported net operating income of Rs 795 crore and a profit after tax of Rs 408 crore in FY25. The rating agency attributed the increase in operating expenses in FY26 to elevated marketing spend, team expansion, and one-off non-recurring expenses.

The Economic Times

Domestic tractor wholesale volumes likely to grow at 1-4% in FY27: ICRA

Tractor sales are set for modest growth this fiscal year. However, a below-normal monsoon forecast poses a risk to agricultural output and sales. Despite this, manufacturers' margins are expected to remain healthy. Strong farm cash flows and government support continue to underpin the sector. Industry growth may moderate due to…

The Economic Times

Vedanta Aluminium shares tumble 14% in 3 days since listing. What’s dampening the shine of Vedanta’s new crown jewel?

Vedanta Aluminium shares hit the 5% lower circuit for a third straight session on Wednesday, extending their post-listing decline to 14%. Since debuting at Rs 522 per share on Monday, the stock has shed over Rs 29,000 crore in market value, with its market capitalisation falling from more than Rs…

The Economic Times

Vedanta listing: How billionaire Anil Agarwal's 'Fantastic 5' unlocked Rs 63,500 crore value with mega demerger

Vedanta’s long-awaited demerger culminated with the listing of four newly spun-off businesses, triggering a sharp market re-rating and unlocking about Rs 63,500 crore in shareholder value. Since the demerger’s April 29 ex-date, investors have gained roughly 22.5%, with the combined market capitalization of the five standalone entities rising from Rs…

The Economic Times

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The Economic Times

Vedanta Aluminium lists at Rs 527 on BSE after demerger. Is it the group’s new crown jewel?

Vedanta Aluminium Metal shares debuted on Monday at Rs 527 on the BSE. The company's market capitalization reached Rs 2.06 lakh crore. Analysts had predicted a lower debut range. ICICI Direct highlighted Vedanta Aluminium as the most attractive entity within the group. Favorable industry dynamics support its strong performance.

The Economic Times

Vedanta listing: Why its aluminium business is the undisputed crown jewel of the mega 4-way demerger

Four demerged entities of Anil Agarwal-led Vedanta Group are set to begin trading on Monday, with Vedanta Aluminium Metal Ltd (VAML) expected to emerge as the biggest winner. Analysts believe the pure-play aluminium business could see the strongest listing gains, backed by robust fundamentals and favourable industry dynamics.

The Economic Times

Vedanta demerger: Which demerged stock should you buy after their market debut on June 15?

Vedanta's mega demerger sees four new companies listing on June 15. Analysts suggest Vedanta Aluminium Metal as a strong buy due to capacity expansion and robust LME prices. Other demerged entities like Vedanta Power, Oil & Gas, and Iron & Steel are expected to debut as small-cap stocks.

The Economic Times

RBI GDP growth 2026-27: Forecast cut to 6.6% as oil, war and subpar monsoon risks mount

RBI GDP Growth 2026-27: The Reserve Bank of India has reduced its economic growth forecast for FY27 to 6.6 percent. This adjustment comes amid concerns over global conflicts, energy prices, and weather. The central bank has maintained the key interest rate at 5.25 percent. India's economy shows resilience, but future…

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The Economic Times

CMR Green Technologies IPO Day 3: Issue booked over 127 times on strong QIB demand; 40% GMP signals strong listing premium

CMR Green Technologies' IPO saw a strong subscription of 127 times, with QIBs leading the demand. The issue, an offer-for-sale, garnered a grey market premium of nearly 37%, indicating a potential listing price of Rs 262. The company is India's largest non-ferrous metal recycler, poised to benefit from sustainable manufacturing…

The Economic Times

RBI MPC: A problem Shaktikanta Das had contained may be returning to haunt Sanjay Malhotra & Co

India's central bank, the RBI, confronts a new inflation challenge. Rising oil prices and supply disruptions threaten to undo recent progress. Policymakers are now considering a potential rate hike. This comes as the monsoon forecast also raises concerns about food prices. The RBI's focus shifts to managing inflation expectations amidst…

The Economic Times

CMR Green Technologies IPO Day 2: GMP signals 31% upside; Issue sees strong subscription. Should you subscribe?

CMR Green Technologies' Rs 631 crore IPO is attracting significant investor attention. The issue is oversubscribed, with a strong grey market premium indicating potential listing gains. The company is a leader in non-ferrous metal recycling. Investors are showing interest in this manufacturing and sustainability-linked business. The IPO remains open for…

The Economic Times

Vodafone Idea shares rally 7% to fresh 52-week high despite market crash. What's behind the surge?

Vodafone Idea shares surged nearly 7% to a new 52-week high after ICRA upgraded the telecom operator’s rating and revised its outlook. Investor sentiment was further boosted by lower AGR dues, promoter support from the Aditya Birla Group and Citi removing its ‘High Risk’ tag while maintaining a bullish outlook.

The Economic Times

India's fuel demand outlook hit by price hikes, slowing industrial activity

India's fuel demand growth is set to slow. Price increases for gasoline and diesel are impacting consumers. The trucking sector shows early signs of stress. Analysts predict further price hikes. This slowdown affects global demand. Manufacturing slowdown is reducing truck trips. Fuel sales growth has already moderated.

The Economic Times

CMR Green Technologies IPO Day 1: 65% subscribed, GMP at 33%, brokerages review and key details

CMR Green Technologies IPO opened today with robust investor interest. Non-institutional and retail investors showed strong demand. The grey market premium suggests a potential listing price above the IPO band. The company is India's largest non-ferrous metal recycler. Its business aligns with the global shift towards recycled metals. The IPO…

The Economic Times

Vedanta, Hindustan Zinc shares fall after metals giant confirms ED visits to offices

Vedanta and Hindustan Zinc shares dipped after the Enforcement Directorate visited some of their offices as part of a FEMA probe. The companies confirmed the visits and stated they are fully cooperating with the authorities. This news comes after Vedanta's recent demerger and a positive rating upgrade from ICRA.

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