After Centre's infra push, now state capex up 36% in FY23
The Union Budget had provided a 35.4% increase from ₹5.54 lakh crore in 2021-22 to ₹7.5 lakh crore in 2022-23 in capex allocations early this year.
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Hotel industry revenues, margins to reclaim pre-Covid levels in FY23: ICRA
ICRA expects pan-India premium hotel occupancy to be at 68-70% for FY23.
Auto ancillaries’ revenues to grow by 8-10% in FY2023: ICRA
Stable demand, imminent easing of supply-chain related concerns, better-than-expected export volumes reap benefit for auto ancillaries
International passenger traffic on Indian airlines beats pre-Covid levels: ICRA
India's domestic air passenger traffic stood at 1.14 crore in May 2022, around 7% lower compared to 1.22 crore in May 2019.
Gold jewellery demand in India to jump 11% in FY23: ICRA
Driven by the Akshaya Tritiya season, the jewellery industry is expected to witness a 45% year-on-year growth in the first quarter of FY23.
RBI's microfinance rules offer more flexibility to NBFCs: ICRA
This comes days after the banking regulator removed the cap on the rate of interest charged by microfinance NBFCs.
Bank loan books, asset quality at risk due to Omicron, says ICRA
According to ICRA, with incremental restructuring under Covid 2.0, the overall standard restructured loan book for banks increased to 2.9% of standard advances as on Sept. 30, 2021.
PCA will curtail NBFC sector growth; but accretive in long run
Harsh restrictions will shift focus on collections rather than growth in the short run as NBFCs cannot attract private capital for a recovery
Lamborghini goes 'India-first'
Soaring sales have made the country one of the luxury car maker's premier markets.
Covid 2.0 can crash 2-wheeler growth by 50%
Higher rate of Covid-19 infections in the rural areas can adversely impact two-wheeler sales. CRISIL revised its two-wheeler volume growth estimates at 10%-12% against 18%-20% earlier.
