Search For "careedge ratings"
Centre likely to stay committed to fiscal consolidation in Union Budget: C
Updated : 1 year, 1 month ago IST
Sachin Gupta, Chief Rating Officer, CareEdge Ratings, stated, "The budget is likely to focus on supporting consumption, boost manufacturing competitiveness to support job creation and tap the demographic potential, emphasis on agriculture via higher allocation for agri r&d, farmers' welf
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India's solar equipment manufacturing poised for healthy growth next 2-3 y
Updated : 1 year, 2 months ago IST
India's solar equipment manufacturing capacity is poised for healthy growth over the next 2-3 years, entailing a capex of nearly Rs 1 lakh crore, asserted CareEdge Ratings.
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India's fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.
Updated : 1 year, 2 months ago IST
The fiscal deficit of the central government is projected to be 4.8 per cent of GDP for FY25, slightly below the budgeted estimate of 4.9 per cent, according to a report by Care Edge Ratings. The marginal improvement is attributed to healthy tax collections, despite certain shortfalls.
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India continues to hold steady despite global uncertainties: CareEdge Rati
Updated : 1 year, 2 months ago IST
CareEdge Ratings expects the central government to continue on the path of fiscal consolidation and projects India's GDP growth to moderate but remain healthy at 6.5 per cent in the current financial year.
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India's import dependence of lithium-ion battery will drop to 20 pc by FY2
Updated : 1 year, 4 months ago IST
Currently, nearly all of India's 15 GWh demand for Li-ion batteries is met through imports. However, this demand is projected to soar to 54 GWh by FY27 and further to 127 GWh by FY30, driven by increased EV adoption and decarbonization of the energy grid.
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Modest recovery in central capital expenditure in Q2FY25, states and corpo
Updated : 1 year, 4 months ago IST
Though state-level spending continued to decline, dropping by 3.8 per cent compared to last year, a few states, including Punjab, Assam, Karnataka, Maharashtra, and Rajasthan, showcased resilience by recording double-digit growth in Capex during the first half of the year, highlighting regio
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CareEdge announces entry into Global Scale Ratings with launch of Sovereig
Updated : 1 year, 5 months ago IST
Mumbai (Maharashtra) [India], October 4: CareEdge Ratings, India's leading credit rating agency, today announced that it has become the first Indian credit rating agency to enter the Global Scale Ratings space, through its subsidiary, CareEdge Global IFSC Limited.
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High forex reserves, low external debt supporting India's credit rating: C
Updated : 1 year, 5 months ago IST
India's high foreign exchange reserves and low levels of external debt are contributing to its overall credit profiling, said CareEdge Ratings on Thursday, as the rating agency assigned 'BBB+' sovereign ratings to India.
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CareEdge enters in Global Scale Ratings, launches Sovereign Ratings for 39
Updated : 1 year, 5 months ago IST
India's general government debt is expected to gradually decrease to 78 per cent of GDP by FY30 and further to 73.5 per cent by FY35, driven by healthy nominal GDP growth. However, CareEdge noted that India's elevated government debt levels and weak debt affordability remain key credit co
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Net NPAs of Indian banks dropped by 24.9% and Gross NPAs by 15.2% as of Ju
Updated : 1 year, 5 months ago IST
The gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) fell by 15.2 per cent year-on-year (y-o-y) to Rs 4.57 lakh crore as of Q1FY25, compared to Rs 5.66 lakh crore in the same period last year.
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Bangladesh crisis may affect medical-tourism to India: CareEdge Ratings
Updated : 1 year, 7 months ago IST
Bangladesh is a big contributor to India's medical tourism sector and if the ongoing instability continues there could be a decline in footfalls. CareEdge Ratings anticipates that if the unrest persists, the footfalls are likely to decline by 10-15 per cent from Bangladesh during 2024.
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Declining bank deposits raise concerns about NBFC's fund raising capacity:
Updated : 1 year, 7 months ago IST
Amid the concerns of declining deposits at banks, CareEdge Ratings anticipated that the credit-deposit ratios may pose a concern to the Non-Banking Financial Companies (NBFCs).
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