Search For "careedge"
India continues to hold steady despite global uncertainties: CareEdge Rati
Updated : 1 year, 5 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, 6 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, 6 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, 7 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, 7 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, 7 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, 8 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, 9 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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Experts welcome moderation of inflation in July, but warns of continued in
Updated : 1 year, 9 months ago IST
Rajani Sinha, Chief Economist at CareEdge, noted, "Despite the moderation in the inflation of the food and beverage basket when compared to last year, the sequential momentum remains strong, with a 2.5 per cent M-o-M increase in prices, higher than an average sequential grow."
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Declining bank deposits raise concerns about NBFC's fund raising capacity:
Updated : 1 year, 9 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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Bangladesh crisis presents opportunity to Indian garment makers: CareEdge
Updated : 1 year, 9 months ago IST
Recent political upheavals and social unrest in Bangladesh, which is the second largest exporter of readymade garment, present an opportunity for the Indian garment makers, asserted CareEdge Ratings in a report.
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CareEdge sees Rs 11.5 trillion divestment potential at current market capi
Updated : 1 year, 10 months ago IST
Disinvestment or divestment typically refers to the sale by the government, partly or fully, of a government-owned enterprise.
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