Domestic air passenger traffic grows 22 per cent in November: ICRA
MUMBAI: Further relaxation in aircraft capacity deployment coupled with festive season air travel demand helped recovery in the domestic traffic with passenger volume seeing 22 per cent sequential growth in the previous month, ratings agency ICRA said on Wednesday. ICRA also said that the November domestic passenger traffic was close to 50 per cent of […]
Hotel industry’s recovery to pre-Covid levels profits 3 years away: ICRA
NEW DELHI: The Indian hotel industry’s recovery to pre-Covid levels profits is at least three years away, ratings agency ICRA has said. The ratings agency said that road ahead for the industry is rough as revenues and margins are expected to post record decline in FY21 with losses mounting over the next two years. The […]
Icra terminates services of MD and CEO Naresh Takkar with immediate effect
NEW DELHI: The board of rating agency ICRA, an affiliate of Moody’s, on Thursday terminated the services of its Managing Director and CEO Naresh Takkar, following appearance of his name in the IL&FS case. “The board of directors of ICRA Limited, at a meeting today, after due consideration and taking into account the best interests […]