RBI to continue or hit the pause button on rate hike?
Chennai, Feb 5 (IANS) With the retail inflation down, if the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to...
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CARE Ratings News & Analysis
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Higher capex, infra push, green initiatives to drive up demand for bank funds
For the banking sector which is seeing an increased credit offtake in the recent times, is expecting more business due to increased allocation for capital investment and also inflow of cash...
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Adani Enterprises withdraws RHP, cancels agreements with several parties
Chennai, Feb 2 (IANS) The Adani Enterprises (NS:ADEL) Ltd -- the flagship company of the Adani Group -- on Thursday said it is withdrawing the Red Herring Prospectus (RHP) filed with the...
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Centre to act quickly on reforms to realise Eco Survey optimism: CARE Ratings
She added that there could be some fizzling out of pent-up demand in FY24 that is seen in the current fiscal and given the volatile geo-political situation, caution should be exercised on...
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All outstanding ratings, including Adani company, under continuous surveillance: Acuite Ratings
In a regulatory filing, the LIC said the credit rating of all of the Adani debt securities held by LIC are 'AA' and above which is in compliance with the IRDAI investment regulations as...
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'Cement industry to close FY23 with 380 million ton production'
Chennai, Jan 30 (IANS) With healthy demand drivers for cement - urban housing, government's infrastructure and rural development thrust, the industry is expected to close FY23 with a...
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Budget wishlist: Economy can touch $5 tn if lives of marginalised farmers improve
Chennai, Jan 30 (IANS) If the lives of millions of marginalised farmers are better and their standard of living improves, India as a nation should be coasting easily towards the target of a...
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Measures likely to give some momentum to laggard depositS
With the credit offtake being good while deposit mobilisation lagging behind, the Centre may announce something to increase bank deposits, they added. "The banking sector -- government and...
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Employment generation, inclusive growth to be budget focus: CARE Ratings survey
Chennai, Jan 24 (IANS) Majority of the respondents of CARE Ratings (NS:CREI) pre-budget survey were of the view that the focus of the current NDA government's final full budget before the...
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EV sector's 2.0 transition sees slew of upgrades, but subsidy dependence stays
So much so, the Chennai-based conglomerate Murugappa group that had launched and closed production and sales of electric two-wheelers several years back -- through BSA Motors -- has...
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EV makers expect extension of FAME II, duty cuts in Budget 2023-24
Chennai, Jan 20 (IANS) Extension of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India - II (FAME II) subsidy scheme, rationalisation of GST are some of the...
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Retail inflation falls, core inflation continues to be worrying factor: Economists
New Delhi/Chennai, Jan 12 (IANS) Retail inflation for December 2022 fell to a year's low of 5.72 per cent, mainly due to low food prices, especially those of fruits and vegetables. This is...
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Maha tops, Gujarat 2nd in CARE Ratings on performance
Chennai, Jan 11 (IANS) Maharashtra tops the overall ranking list prepared by credit rating agency CARE Ratings (NS:CREI) scoring high on social, financial inclusion, and fiscal...
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Indian economy to grow at 7% in FY23, 6% in FY24
New Delhi/Chennai, Jan 6 (IANS) The Indian economy is likely to grow at a rate of 7 per cent in the current fiscal, against the 8.7 per cent growth in 2021-22, the National Statistical...
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Positive outlook for banks: All-time low NPAs, higher profits, resilient credit offtake
The banks enjoyed arbitrage between the lending and deposit rates, higher credit demand, lower loan provisions (government-owned banks posted handsome profits) and others. The year also saw...
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Credit offtake in elevated levels: CARE Ratings
Chennai, Dec 27 (IANS) The credit offtake in India remained at elevated levels of 17.5 per cent year-on-year (YoY), reporting robust growth for the fortnight ended December 2, said credit...
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Two promoter exits - shakeout in housing finance sector?
The two exits -- small and the big ones -- were announced in quick succession. The Pune-based Poonawalla Fincorp (NS:POON) Ltd announced the proposed sale of its stakes in the housing...
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`Nov retail inflation down, RBI's repo rate hike in Feb could be modest'
Chennai, Dec 13 (IANS) With core inflation continuing to be high, credit rating agencies like Acuite Ratings & Research and CARE Ratings (NS:CREI) do not expect any significant downtrend in...
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Nov retail inflation rate may be down, battle continues
Chennai, Dec 13 (IANS) With core inflation continuing to be high, credit rating agencies like Acuite Ratings & Research and CARE Ratings (NS:CREI) do not expect any significant downtrend in...
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RBI hikes repo rate by 35bps, to continue battle against inflation (2nd Ld)
Chennai, Dec 7 (IANS) The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday in a 5:1 decision increased the repo rate by 35 basis points (bps) to 6.25 per cent to...
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Takeaways from RBI's MPC meeting can be more than repo rate hike
Economic experts expect the MPC to hike the repo rate by 25-35 basis points (bps) with industry lobby body ASSOCHAM also urging the central bank to do the same. Further it will also be...
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RBI's Monetary Policy Committee may hike policy rate by 25-35 bps: Experts
"We expect a 35 bps rate hike in the upcoming meeting. The Consumer Price Index (CPI) inflation is likely to moderate further in the coming months and slip below six per cent by the end of...
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'Financial creditors forego 70% of Rs 7.90 lakh cr under insolvency resolution process'
Chennai, Nov 29 (IANS) With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing 70 per cent of their admitted claims of Rs 790,626.2 crore), the...
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`Financial creditors forego Rs 790.626 cr under insolvency resolution process'
Chennai, Nov 29 (IANS) With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing Rs 70 per cent of their admitted claims of Rs 790,626.2 crore) the...
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PSU Bank climbs 25.62% to reach a fresh 52-week high; here’s why.
The shares of Punjab National Bank (NS:PNBK) (PNB) climbed 9.44% on Friday’s early trades to reach a fresh 52-week high of ₹ 55.65. They took the winning run to the eighth straight...
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Despite posting healthy profits, PSBs losing out to pvt sector banks
The PSBs had lost market share to private banks and small finance banks during the first quarter of the current fiscal. This is a unique quirk where both PSBs and the private banks have...
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Happy days now, but challenging times ahead for public sector banks
However, the happy times for the government banks may not continue for much long as competition will soon emerge for deposits, and loans, which, in turn, would increase the cost of funds...
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Delhi residents enjoyed lowest inflation, Telangana people suffered from the highest
Chennai, Nov 14 (IANS) People living in Delhi enjoyed the lowest year-on-year inflation rate in the country at 2.99 per cent in October while those in Telangana suffered the highest at 8.82...
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Wholesale inflation eases to 8.39%, consumers may not benefit
New Delhi/Chennai, Nov 14 (IANS) India's wholesale price inflation (WPI) in October fell to a 20-month low 8.39 per cent year-on-year, since March 2021. It was also less compared to 10.70...
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IIP up 3.1% in Sep, experts say growth higher than expectations (Ld)
Chennai, Nov 11 (IANS) The Index of Industrial Production (IIP) rose by 3.1 per cent to 133.5 in September, according to official data released by the Ministry of Statistics and Programme...
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IIP up 3.1% in Sep, experts say growth higher than expectations
Chennai, Nov 11 (IANS) Expressing satisfaction at the 3.1 per cent growth in India's industrial production in September, experts also said the December monetary policy action by the central...
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Stocks Under Radar: Coal India, BPCL, Zee Media, CARE Ratings & More
By Malvika Gurung Investing.com -- Coal India (NS:COAL): The top coal miner’s net profit in Q2 rallied 106% YoY to Rs 6,044 crore, led by a 28% rise in revenue, strong operating...
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Mkt-Mover Alert: Key Q2 Results Ahead- Tata Motors, LIC, Coal India, BPCL & More
By Malvika Gurung Investing.com -- The domestic market made a higher closing on Friday, snapping two sessions of losses, with the equity benchmark indices ending the week with up to 2%...
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'Indian government's gross tax revenue expected to cross budget target'
Chennai, Oct 31 (IANS) With a healthy tax collection till date, the Indian government's gross tax revenue is expected to surpass the full year budgeted target, CARE Ratings (NS:CREI) Ltd...
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RBI measures controlled inflation, but challenges remain (Ld)
A senior economist also said the headline inflation could be 7.5 per cent in December putting a spanner in the inflation projections of the central bank. The RBI's Monetary Policy Committee...
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RBI's measures controlled inflation: Economists
The RBI's Monetary Policy Committee (MPC) will meet on November 3 to discuss what it would tell the Centre as to why it was not able to restrain the inflation within four per cent + or - two...
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Driven by health and motors, Indian general insurance sector logs 15.3% growth
Chennai, Oct 18 (IANS) The Indian non-life industry logged 15.3 per cent growth during the first half of FY23 as compared to 12.6 per cent growth for the same period previous year, CARE...
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Tata Group Multibagger Stock Hits New 6-Yr High, Soars 103% Since Sept 5
By Malvika Gurung Investing.com -- Shares of the machinery industry company TRF (NS:TTRO) hit an upper circuit of 5% on Tuesday and recorded a fresh 52-week high of Rs 340.55 apiece for the...
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Shares of two Tata group companies on the upswing
Chennai, Sep 15 (IANS) The shares of two Tata group companies have been on the upswing, touching new highs at the bourses.The two are non-banking finance company Tata Investment (NS:TINV)...
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PFC raises Rs 3,000 cr via 47-month bonds at 7.13%
Mumbai, Aug 22 (IANS) Power Finance Corporation Ltd (NS:PWFC) raised Rs 3,000 crore through bonds maturing in 47 months at a coupon rate of 7.13 per cent, market participants have...
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Banks gross NPA at 5.9 per cent, a 6-year low: CARE Ratings
Chennai, July 12 (IANS) Even though the gross non-performing assets (GNPA) of scheduled commercial banks in India has hit a six year low of 5.9 per cent in FY22, it can improve further, said...
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Stocks in Focus on Jul 1: Hero Moto, Globus Spirits, Zydus Lifesciences & More
By Malvika Gurung Investing.com -- Hero MotoCorp (NS:HROM): The two-wheeler manufacturer has been permitted to manufacture and sell electric vehicles under the 'Hero' trademark by an...
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Stocks Under Focus on Jun 22: Biocon, HDFC Bank, Inox & More
By Malvika Gurung Investing.com -- Biocon: Subsidiary Biocon (NS:BION) Biologics has denied any allegations of bribery against its company and officials with the approval process of one of...
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Vodafone Idea Surges Over 10%; Care Ratings Upgrades Outlook on Telco
By Malvika Gurung Investing.com -- Shares of the debt-ridden telecom player Vodafone Idea (NS:VODA) surged 10.75% to Rs 11.85 apiece at 10:16 am, after opening strong on Wednesday. Post...
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5 Stocks Where FIIs Sold Most Stake in March Quarter
By Aditya Raghunath Investing.com -- Foreign institutional investors have been net sellers on Indian equities for April and May. It just makes logical sense to see where this all started...
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