Search For "careedge"
Jan-March GDP accelerates to 6.1 per cent, here's what experts have to say
Updated : 2 years, 11 months ago IST
India's economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on May 31.
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Container rail volumes expected to surge 16% by FY25: CareEdge Ratings
Updated : 3 years, 6 months ago IST
In this report, CareEdge Ratings has analysed the imminent shift in the mode of freight movements from roadways to railways and the underlying factors facilitating the transition. A dedicated freight corridor will boost the modal shift from road to rail, the rating agency reported.
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Views on WPI inflation: Rate hikes to continue as retail inflation still a
Updated : 3 years, 7 months ago IST
New Delhi [India], October 14 (ANI): Experts say with retail inflation above the central bank's comfort zone, rate hikes would continue while wholesale price index (WPI) inflation is expected to ease to a single-digit number from October. The experts also said the drivers of inflation seem t
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Increase in volume to drive growth for consumer durables in FY22-23: Repor
Updated : 3 years, 8 months ago IST
New Delhi [India], September 7 (ANI): The revenues for the consumer durables sector in India are expected to grow by 15 to 18 per cent to Rs 1 lakh crore this fiscal, led by an increase in their volume.
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JK Tyre secures best in class rating in ESG performance
Updated : 3 years, 8 months ago IST
New Delhi [India], September 2 (ANI/BusinessWire India): JK Tyre, a leading tyre manufacturer and the pioneer of Radial technology in India, announced that CareEdge has undertaken the ESG rating of the Company.
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Adequate monsoon, long festival season to drive automobile sales: Report
Updated : 3 years, 8 months ago IST
New Delhi [India], August 30 (ANI): Adequate rainfall across the country along with the start of the long festive season will keep the demand for automobiles positive and help keep the momentum going, rating agency CareEdge said in a report on Tuesday.
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Two-wheeler sales expected to rise around 6 pc during 2022-23: Report
Updated : 3 years, 9 months ago IST
New Delhi [India] August 9 (ANI): After three consecutive years of decline, two-wheeler manufacturers are likely to see a sales growth of 6-6.5 per cent in the current financial year 2022-23 in line with the growing demand for personal mobility, a rating agency said in a report.
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Another tariff hike likely by telecom operators to recover investments: Re
Updated : 3 years, 9 months ago IST
New Delhi [India], August 7 (ANI): Telecom service providers are expected to hike tariffs in their existing 4G plans, partly to recover their large investments made through bidding of 5G spectrum auction, a rating agency report said.
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Prospects for bank credit growth promising, to grow 12-13 pc in 2022-23: R
Updated : 3 years, 10 months ago IST
New Delhi [India], July 28 (ANI): The medium-term prospects for bank credit growth look promising with rising personal and wholesale borrowings and a substantial buffer for loan provisioning. Credit rating agency CareEdge estimates the credit growth to be in the range of 12-13 per cent durin
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Best Agrolife Subsidiary, receives "A" Credit Rating from CARE
Updated : 3 years, 10 months ago IST
New Delhi [India], July 22 (ANI/NewsVoir): A wholly owned subsidiary of Best Agrolife Ltd. received "A- Long-term Rating from India's top credit rating agency, CareEdge Ratings (CARE Ratings Ltd.).
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Rising input costs to hurt profitability of Indian pharma sector in 2022-2
Updated : 3 years, 10 months ago IST
New Delhi [India], July 19 (ANI): Faced with rising prices of active pharmaceutical ingredients (APIs), and other key inputs coupled with a rise in freight and energy costs, the operating profitability of Indian pharmaceutical companies is expected to decline by 200-250 basis points (or 2.5
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Economic outlook for FY23 hinges on private consumption, investment demand
Updated : 3 years, 10 months ago IST
New Delhi [India], July 12 (ANI): Though there are signs of easing commodity prices, the economic outlook for the current financial year 2022-23 remains quite uncertain and will ride completely on the wheels of private consumption and investment demand, said a report.
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