The recent surge in fresh Covid infections as well as subsequent localised lockdowns emanating from Omicron spread are likely to shave off around 100 bps of growth in toll collections in fiscal year 2021-22, domestic rating agency on Wednesday said. ICRA further said given that passenger vehicles (PV) category account for 20-25 per cent of … Read more
Sectors that experienced a high downgrade rate in 2020-21 included hospitality, textiles, real estate, construction and automobile dealerships. These sectors have faced more downgrades in the past 6-12 months. Synopsis While no immediate rating downgrades could happen, a lot of companies in hospitality, retail, travel & tourism, commercial real estate and entertainment could see sharp … Read more
NEW DELHI: Three months into the ‘Unlocking‘ of India, Covid-19 cases in India have touched a high of 38,53,406. Notwithstanding the improving mobility, key economic indicators have lost momentum of late. Rural India, once considered a safe haven, has also been hit hard, and economists now say there is at least one month more before … Read more