CARE Ratings

Pandemic does not dampen demand for gold; robust growth seen in Q1

Pandemic does not dampen demand for gold; robust growth seen in Q1

Consumer demand for gold in India saw robust growth in the first quarter of calendar year 2021.According to a report by Motilal Oswal Ins...Read More

Care Ratings revises India's GDP growth forecast to 10.2 pc for FY22

Care Ratings revises India's GDP growth forecast to 10.2 pc for FY22

This is the third revision by the rating agency in the last one month. "We have revised our forecast for GDP growth for FY22 as the under...Read More

COVID-19: Maharashtra lockdown to shave off 0.3% growth: CARE Ratings report

COVID-19: Maharashtra lockdown to shave off 0.3% growth: CARE Ratings report

CARE Ratings in its report has estimated that the potential loss of gross value added (GVA) for Maharashtra would be Rs 39,770 crore due ...Read More

Maharashtra's borrowing pegged at Rs 1,13,500 crore

Maharashtra's borrowing pegged at Rs 1,13,500 crore

Maharashtra govt will need to borrow more to meet expenses: Expert Panel

Currency in circulation rises Rs 3.23 lakh cr in first nine months of FY21

Currency in circulation rises Rs 3.23 lakh cr in first nine months of FY21

CiC grew by Rs 3,23,003 crore, or 13.2 per cent, to Rs 27,70,315 crore as on January 1, 2021 from Rs 24,47,312 crore as on March 31, 2020...Read More

India's fiscal deficit at 114.8% of annual target in Sep-end

India's fiscal deficit at 114.8% of annual target in Sep-end

The government's fiscal deficit rose to Rs 9.14 lakh crore, about 114.8 per cent of the annual budget estimate, during the first six mont...Read More

Pandemic-driven loan recast to take GNPAs to 11.5 pc by March: Report

Pandemic-driven loan recast to take GNPAs to 11.5 pc by March: Report

Care Ratings expects 4-5 per cent of the existing loans to be stressed and opt for restructurings through the course of the year.

India’s fiscal deficit may double to 13.4%: Care Ratings

India’s fiscal deficit may double to 13.4%: Care Ratings

The early estimates for the fiscal deficit were in the range of 7-8 per cent. But according to Care Ratings, this is set to double. This ...Read More

IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE

IL&FS case: Sebi raises penalty to Rs 1 crore each on ICRA, CARE

Markets regulator Sebi on Tuesday enhanced the penalty amount to Rs 1 crore each on rating agencies ICRA and CARE in connection with laps...Read More

Care Ratings revises its GDP projection from -6.4 to - 8% for FY 21

Care Ratings revises its GDP projection from -6.4 to - 8% for FY 21

Care Ratings on Friday revised its GDP projection from -6.4 to - 8% for Financial Year 2021. CARE Ratings had a projection of -6.4% degro...Read More

India's GDP to contract by 20 pc in first quarter of FY21: Care Ratings

India's GDP to contract by 20 pc in first quarter of FY21: Care Ratings

The Central Statistics Office (CSO) will release the gross domestic product (GDP) data for the first quarter of FY21 on August 31, which ...Read More

States' market borrowings skyrocket 76% to Rs 1.93 lakh cr so far this fiscal: Report

States' market borrowings skyrocket 76% to Rs 1.93 lakh cr so far this fiscal: Report

Front-loading of market loans has been on the back of the Centre relaxing the ways and means advances norms to manage cash-flow mismatche...Read More

Only thing that glitters: Why is everyone buying gold amid coronavirus pandemic?

Only thing that glitters: Why is everyone buying gold amid coronavirus pandemic?

Coronavirus or no Coronavirus: Demand for gold grows

Box office mop-up jump 27% on 'lipstick effect'

Box office mop-up jump 27% on 'lipstick effect'

The 'lipstick effect' is a phenomenon where consumers prefer to spend on small indulgences in an economic slowdown, rather than blowing t...Read More

CARE Ratings MD Rajesh Mokashi quits office

CARE Ratings MD Rajesh Mokashi quits office

Mokashi was sent on leave by the company in July. The order had said that he would be on leave till the company had examined an anonymous...Read More

Care revises rating on LVB's commercial papers to BB+ with negative outlook

Care revises rating on LVB's commercial papers to BB+ with negative outlook

Mumbai: Care Ratings has revised the rating of troubled private sector lender Lakshmi Vilas Bank's (LVB's) commercial papers worth Rs 618...Read More

'RBI may have to pay interim dividend to support Government resources'

'RBI may have to pay interim dividend to support Government resources'

Mumbai: The government should garner more revenues from disinvestments given that now the stock market is up, and additionally the RBI ma...Read More

Reliance Capital shares falls over 11% following downgrade of CARE Ratings

Reliance Capital shares falls over 11% following downgrade of CARE Ratings

The scrip tanked 11.32 per cent to Rs 27.80 -- its 52 week low -- on the BSE. On the NSE, it dropped 11.34 per cent to its one-year low l...Read More

Reliance Home Finance's long-term debt instruments downgraded by CARE Ratings

Reliance Home Finance's long-term debt instruments downgraded by CARE Ratings

CARE Ratings has downgraded Anil Ambani-led Reliance Home Finance's long-term debt programme, market-linked debentures, subordinated debt...Read More

Akansha Ispat: Pursuing well
thought-out ambition in steel

Akansha Ispat: Pursuing well thought-out ambition in steel

Many small medium enterprises (SMEs) had a different story to share on demonetisation, but for a steel trading company, Akansha Ispat, it...Read More

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