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India’s luggage industry is likely to witness a revenue growth of about 15% on a yearly basis this fiscal on the back of higher penetration of hard luggage made by the organised sector and sustained growth in tourism and corporate ...
Indian oil marketing companies (OMCs) are likely to see an increase in its operating profit at Rs 1 lakh crore in the current financial year compared with an average operating profit of about Rs 60,000 crore registered between fiscals 2017 ...
Indian shipping industry is expected to sustain its performance in the current fiscal, albeit with some moderation in operating margins, after the shipping companies had delivered a strong performance in FY2023 and achieved high operating margins, according to CareEdge Ratings. ...
India’s speciality chemicals sector is expected to witness about 6-7% revenue growth in FY24 as higher domestic demand will push volume growth despite macroeconomic headwinds in the US and Europe, according to CRISIL Ratings. However, realisations are expected to remain ...
Indian tyre industry’s revenue is expected to more than double in a decade from $9 billion in 2022 to $22 billion in 2032, according to a report by the Automotive Tyre Manufacturers’ Association (ATMA), and based on a study by ...
Market Opening - An Overview India’s shrimp industry is expected to see its sales grow by about 5% YoY in FY24, driven by higher demand from China, according to Crisil Ratings. The demand from China will help exports to hit ...
India Ratings and Research (Ind-Ra) said in a report that it estimates steel demand to grow in the range of 7%-9% YoY for FY24 compared to 12% in FY23. The growth is primarily driven by a continued rise in government ...
Indian fertiliser companies are likely to see an improvement in profitabilty helped by moderation in global prices and Government subsidies, according to rating agency ICRA. The rating agency expects profitability for phosphatic fertiliser manufacturers to improve at the current nutrient-based ...
Benchmark stock indices fell over 1%, tracking Asian peers, after the Federal Reserve officials signalled more interest rate hikes amid weak foreign flows. The Sensex closed 1.04% lower and the Nifty 50 index slumped 1.03%.In broader markets, Nifty Midcap 100 ...
Non-Banking Finance Companies (NBFCs) in India has witnessed an aggregate credit growth of 13.1% to Rs 31.5 lakh crore in H1FY23, according to CareEdge Ratings. The report said that there has been a shift in the segmental distribution of credit ...