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.
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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.
India out of technical recession in third quarter
As expected, the economy staged a turnaround in the third quarter of FY21 with a GDP growth figure of 0.4%. The stage is now set for a big rebound in FY22.
India’s GDP fall could be steep. But hope persists
As per National Statistical Office data, India's GDP may contract by 7.7% this fiscal year, worst since 1951-1952. The World Bank paints an even bleaker picture. But hope for recovery still abounds.
Passenger vehicle sales to fall in FY21: ICRA
The ratings agency said that the passenger vehicle segment's FY21 volumes are expected to see a drop, as it is tied to GDP and overall consumer sentiment, both of which are at historic lows.
Anil Agarwal: The man with the Midas touch
Vedanta Resources chairman Anil Agarwal’s superpower is resuscitation. He has 10 examples to prove it.
Top developers defy market trends: ICRA
India’s top listed developers are realigning their strategies to meet market demand; top 10 developers sold 8.57 million sq. ft. of space in the December 2019 quarter.
Auto industry stuck in reverse
The automobile industry in India is in the chokehold of a slowdown that began about a year ago. A revival seems some distance away.
