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Domestic Air Passenger Traffic Sees Modest Growth in January 2024 Despite Seasonal Decline
A crucial metric indicating the industry's health, the passenger load factor (PLF), surged to 91% in January 2024, exhibiting a notable improvement from both January 2023's 85% and the pre-pandemic levels of January 2020, which stood at 86%. This upward trajectory underscores the growing confidence among travelers, despite the ongoing challenges posed by the pandemic.
Rating agency ICRA moves Edelweiss Financial Services’ to A+
ICRA, a financial rating company recently rated Edelweiss Financial Services with an A+ rating upgrading its outlook from negative to stable.
Domestic broking industry to record Rs 28,000 crore in revenue this fiscal: ICRA
According to the agency, this expansion illustrates into a net addition of 28.33 lakh accounts per month in the present fiscal, which doubled the monthly addition of 11.91 lakh in FY21 and 4.1 lakh a month in FY20.
India’s trade deficit broadens to $17.42 billion in January
Imports rises by 23.54% to USD 51.93 billion during the month under review.
MFIs’ assets under management is expected to improve by 18-22% in FY23: ICRA
A long-term observatory for non-banking financial companies-microfinance institutions (NBFC-MFIs) is likely to remain robust, helmed by the fact that the growth in issuances is expected to have continued in Q3 FY2022, after the revival in Q2 FY2022, the firm expects.
Stock Market update: ICRA shares surge by 4% post Q3 results
Stocks of ICRA rose by 4% to ₹3,620.00 per equity share against the previous close at ₹3,460.40 per share, in today’s early trade.
Funds for bank recapitalization unlikely to be in Budget: Report
It expressed that the public banks stood to roll over their auxiliary tier 1 bonds that were unsettled for a call option in FY22, contemplating a strong investor thirst for their distributions, which portends well for their future issuances.
India records industrial growth at 3.2% : Reports ICRA
The data of ICRA also highlighted that output of the manufacturing sector rose by 2% in October and the mining output surged by 11.4%.
Restrictions on domestic flight capacity to be withdrawn from October 18: Government
"The decision to relax the norms was made after examining the current air travel demand," says the Ministry of Civil Aviation.
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