Page 3 - Care Ratings

Formal sector, administration raises tax kitty 29% in Apr-July from FY20

Year-on-year, the collections grew by 83%. This growth was misleading since it comes on a 30% drop in tax mop-up a year earlier

Quality of rated debt dips in August 2021: CARE Ratings

This was a second consecutive decline as CDQI print in June was 90.01

NPAs in retail and MSMEs rise to 7.3% for public sector banks in Q1

The incidence of bad loans was lower for private banks with GNPAs at 3.32 per cent in June, up from 2.01 per cent year ago, according to CARE Ratings

July non-life insurance premiums shrug off pandemic cloud: Care Ratings

The non-life insurance industry continued its strong performance with July numbers reporting 19.5 per cent growth in line with the trend seen during previous months, Care Ratings has said.Non-life insurance premium reached Rs 20,171 crore compared to Rs 16,885 crore in July 2020. The growth was driven by health and fire segments with motor segment also turning in positive numbers.Care said general insurers grew at 17.6 per cent for July which is higher than the 12.2 per cent growth witnessed in July last year. The year-to-date numbers grew at a 12.9 per cent for July versus a decline of 2.1 per cent in July FY21.The general insurance segment continues to maintain the highest share. However, its continued growth can be attributed to the health portfolio.Standalone private health issuers reported a sustained premium growth of Rs 1,753 crore in July 2021, demonstrating a growth of 27.5 per cent.A much sharper growth was observed in the YTD July FY22 numbers which reached Rs 5,976 crore ..

India's industrial production grows 13.6% in June on low base effect

Growth in IIP was led mainly by the manufacturing sector, which grew 13%

Farmers' stir hits 24 BOT road projects, total revenue loss Rs 1,060 cr

Rating agency CARE said the disruption of toll collections for state projects since October 2020 accentuated with no fees collection at toll plazas since December 2020

MPC reassures status quo on rates, but changes view on inflation

The temporary supply shocks that have led to higher inflation has been kept aside by the MPC while focusing on growth

India's GDP growth expected to be 8.8-9% in FY22: Care Ratings

The country's gross domestic product (GDP) growth is likely to be 8.8 to 9 per cent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report.

Rising global steel prices may tone down a bit as supply eases:CARE Ratings

Led by China and India, world steel production grew 15% YoY during the first five months of CY21

Stocks to watch: ONGC, BHEL, LIC Housing, Ashok Leyland, PTC India, RailTel

State-owned Union Bank of India has raised Rs 850 crore by issuing Basel-III-compliant bonds on a private placement basis

Credit growth in fiscal 2022 to be in low double-digit: Care Ratings

The slowdown in economy can further delay anticipated pick-up in credit growth apart from the likely impact on asset quality.

CARE Ratings soars 22% in three days on strong Q4 results

In Q4FY21, CARE Ratings reported 69% year-on-year growth in consolidated net profit at Rs 26.49 crore as against Rs 15.68 crore in Q4FY21

SAT pares Sebi's Rs 1 cr penalty on CARE Ratings to Rs 10 lakh; stock gains

The tribunal, however, has affirmed the order pertaining to lapses in assigning credit rating of Reliance Communications debentures

Growth it shall be: RBI's future stance for the economy very clear now

Monetary policy committee's decisions show there is slim chance of repo rate being increased in near future

CARE Debt index improves by 33 bps in April on better asset quality

Improvement was backed by enhancements in higher rated debt paper. As it is contemporary with minimum time lags, the health of debt and credit markets is encapsulated on a near-real-time basis

Debt MFs confident of surfing Covid-19 2nd wave despite corporate defaults

Industry players say shift to high-quality paper will help them tide the turmoil

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

Economic activities are getting affected across the country due to curbs imposed by states

Khadim India rises for fourth day, jumps 7% on credit rating tweak

ICRA has revised long term credit rating on the company's overall borrowings of Rs 204 crore to BBB- from BBB, although, it tweaked the outlook to 'Stable' from 'Negative'

Overall exposure of debt mutual funds to NBFCs below 10%: CARE Ratings

The amount held fell to Rs 0.72 trillion, compared with Rs 1.26 trillion in September 2018

2-6% retail inflation band has been working well since 2016, say economists

However, some want core to be monitored as well, MPC should be given leeway to choose target