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Industrial Growth dips to 5.8% in September, experts optimistic for October rebound

In October, the government experienced a 13% increase in Goods and Services Tax revenue, marking its fastest pace in 10 months, reaching Rs 1.72 lakh crore.Read more

India's trade deficit shrinks significantly in September 2023

The country's goods exports saw a slight decrease of 2.59%, dropping to $34.47 billion from $35.39 billion in September 2022.Read more

ICRA forecasts 9% growth in non-ferrous metals in next 2 FYs

The ratings agency also highlighted the challenges faced by the industry, including pressure on profit margins due to a weak global environment.Read more

Cement Industry invests Rs 5,500 cr in Green Power for 537MW capacity boost

In an effort to reduce emissions by 15-17% over the next 8-10 years, major cement players in the country are increasing their utilisation of blended cement, which incorporates less clinker and therefore requires less fuel.Read more

ICRA Reports: Regulatory changes may raise commercial vehicle prices by 10-12%

ICRA emphasized that the commercial vehicle (CV) sector within the Indian automotive industry is of particular concern, as it contributes significantly to vehicular emissions in the country.Read more

India’s GDP grows 1.6% in Q4 2020-21 aided by manufacturing push

For the entire financial year 2020-21, the GDP contracted 7.3 per cent — a record low. In January-March last year, the economy had grown 3 per cent.Read more

Indian logistics sector has witnessed a significant sequential recovery: ICRA

Logistics companies have also managed to arrest extent of earnings contraction through adoption of cost control measures, freight rate hikes etc. The recovery has also been visible across other modes of transportation as well - rail freight traffic and port freight volumes have both reported growth, although the latter at a slower pace than other modes.Read more

ICRA lauds CBEC policy revision for CFS/ICD/AFS to address overcapacity concerns

The revised policy for setting up CFS/ICD/AFS tries to address the issues of geographical disparity and concentration and aims to align future developments with projects like rail freight corridor and inland waterways.Read more

Ministry of Shipping unveils a dispute resolution mechanism SAROD-Ports

The initiative is targeted towards attracting more private sector investments and should be favourable for the sector if it is able to resolve disputes at low costs and in a time bound manner.Read more

Domestic steel makers struggle with sluggish demand growth: ICRA

Profitability may recover somewhat in Q3, with a sharp fall in coking coal prices in August 2019 and expectation of better demand from the construction sector during that quarter.Read more

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