CARE Ratings

Hospitality Industry - CareEdge Report

The hospitality industry, which suffered a significant setback due to the pandemic in the past two years, has experienced a reversal of fortunes in the fiscal year 2023

Mar 13 2023 | -

IT and IT Services

Information Technology & Information Technology enabled Services (IT/ITeS) industry witnessed a healthy performance in H1FY23

Jan 09 2023 | -

Hotel Occupancy in FY23 Set to Cross Pre-Covid Levels

One of the biggest victims of the pandemic, the hospitality sector is seeing a reversal in its fortunes.

Oct 19 2022 | -

Tariff Hikes Imminent as 5G to Push TSPs’ Debt to Rs 6.2 Trn in FY23

After 40 rounds and 7 straight days of bidding, the highly anticipated 5G spectrum auction concluded on August 1

Aug 05 2022 | -

Hospitality Industry - Heading Towards Hospitable Territory

After an abysmal FY21, the Indian hospitality sector made a steady recovery in FY22 as successful vaccination drives and reduction in Covid cases have helped improve travel sentiment.

Jun 14 2022 | -

Indian healthcare industry to surpass USD 130 bn by FY24

Indian Healthcare Industry to Surpass USD 130 billion by FY24

Jun 10 2022 | -

Hospitality Industry - Survival before Revival

CARE Ratings expects the hospitality industry to pick up gradual pace from October 2021 onwards, though, revival may be gradual over 18 months to hit the pre-covid level occupancies and average room rates (ARRs); with likely resumption of international travel and corporate business...

Sep 28 2021 |

Telecom reforms - Liquidity succour for the players

In a much-awaited relief, the Union Cabinet on Sept 15, 2021, approved the reforms for telecom sector and announced the broad contours of the revival package

Sep 17 2021 | -

Bharti Airtel upgrades post-paid plans with an aim to increase ARPU

The telecom industry has been constantly hinting towards the need for an upward push in the Average Revenue per User (ARPU) level and the telcos aim to increase their respective ARPU levels to at least Rs.200 per subscriber per month...

Jul 23 2021 |

Movement in Housing Prices

Housing prices appeared to be recovering in Q4 of FY21 as the economy emerged gradually from the pandemic...

Jun 23 2021 |

Trends in Advertising and Sales Promotion spends FY16-20

There is a link with sales growth with good years also showing higher spending growth. While consumer oriented industries trend to spend more as proportion of sales, it comes as a surprise with the highest ratio…

Jun 14 2021 |

Update on Food Services Industry - June 2021

This industry has been affected both positively and negatively by the pandemic. Adversely due to forced closedown of restaurants. Online delivery however got a boost but was not able to compensate for this loss of revenue.

Jun 09 2021 |

Performance Indicators of Telecom Industry in FY21

Data has now become a key to the growth of the telecom industry and thus any improvement around this factor works well for the industry…

Jun 07 2021 |

Update on IT services and hardware

The digital transformation initiatives grew manifold during the pandemic, with much greater realization of the need for digitization..

May 05 2021 | 5

Industry Charts - April 2021

CARE Ratings Industry charts showcases cumulative performance of various industries and sectors through an array of charts under different heads which show how specific industries have fared so far during the year. The time period that is presented is specified as it varies across industries...

May 03 2021 |

Update on Real Estate - April 2021

The Real Estate sector was in a very peculiar situation in the previous financial year. In light of the situation, which was created by COVID-19, the persisting liquidity crunch of sector had worsened and various restrictions imposed by the Indian Government to curb the pandemic had led to a temporary halt in ongoing real estate projects...

Apr 13 2021 |

Update on Healthcare - March 2021

The healthcare industry being considered the most essential service continued even during the lockdown period where many other services were shut. While treatment of non-Covid patients (primarily non-emergency treatments) were instructed by the government to be kept on hold, treatment of Covid patients was prioritised after the outbreak of pandemic in India...

Mar 22 2021 |

Summary on Telecom Spectrum Auctions - March 2021

The much awaited telecom spectrum auction concluded on 2 March 2021 with 855.6 MHz quantity of spectrum sold out of the total 2,308.8 units of spectrum put to auction...

Mar 09 2021 |

Consumption Expenditure Trends

A trend analysis of consumption patterns of some of the consumer oriented industries which we track. Here we look at a seven year period ending FY19 and analyze which industries have witnessed an increase in share in the consumer’s wallet...

Mar 05 2021 |

Refresher on Telecom Spectrum Auctions March 2021

After a gap of almost 4 and a half years, the telecom spectrum auctions were revived on 1 March 2021 with the auctions going online...

Mar 02 2021 |

Update on Filmed Entertainment Industry for 9M-FY21

Q3-FY21 was the third consecutive quarter of losses for the film exhibition industry due to prolonged closure of theatres and near nil theatrical releases by movie producers...

Mar 01 2021 |

Update on Retail Industry - February 2021

The retail industry was impacted by the outbreak of Covid-19 followed by the nation-wide lockdown in the last week of March, 2020. The closure of retail stores and shopping malls across the country led to a sharp decline in consumer demand...

Feb 23 2021 |

Update on Hotels & Tourism - January 2021

Hotels and tourism industries were amongst one of the first sectors to be affected due to the global outbreak of Covid-19. The entire value chain which spans aviation, tour operators, travel agents, hotels, restaurants, and other service providers in the tourism industry were impacted…

Jan 13 2021 |

DoT invites application for spectrum auction January 2021

CARE Ratings' analysis of the announcement made by DoT on spectrum auctions. We do expect around Rs 50,000 cr to be mobilized of which 25-50%could come in this financial year.

Jan 07 2021 |