Rating agency Icra on Thursday revised downwards the revenue growth forecast for the auto components industry in the current fiscal to 15-17 per cent, citing the impact of the Omicron wave, delayed recovery in semiconductors shortage and muted two-wheelers demand.It, however, said despite the potential Omicron impact, the domestic aftermarket demand is expected to grow 8-10 per cent in FY22 while exports remain a bright spot in the Indian auto component story with an estimated growth of over 20

The demand in the hotel industry will be curtailed in the fourth quarter this fiscal, at least in January 2022, as the fresh COVID-19 wave with the Omicron variant dampening sentiments, rating agency Icra said on Thursday. With a sharp rise in infections in the last one week and several states imposing partial lockdowns, hoteliers are witnessing cancellations in January 2022 bookings and the enquiries for the next few weeks have come down, Icra said in a statement. While the situation is evolvin