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Perspective on GDP data by Ms. Rajani Sinha, Chief Economist, CareEdge Below the Perspective on GDP data by Ms. Rajani Sinha, Chief Economist, CareEdge    “India’s second quarter GDP growth at 5.4% has come as a big negative surprise. While the GDP growth was expected to moderate as being indicated by some of the high frequency macro economic indicators and weaker corporate performance, the quantum of deceleration is much sharper than expected. Lower growth is mainly because of poor industrial sector performance, specifically min...
Perspective on GDP data by Ms. Rajani Sinha, Chief Economist, CareEdge
Perspective on GDP data by Ms. Rajani Sinha, Chief Economist, CareEdge
Source: CareEdge Ratings
2024-11-30 03:20:29 pm
India needs to secure long-term supply of critical mineral sources: CareEdge Ratings agency CareEdge in its latest report has said that with India having limited resources of lithium, cobalt, nickel and other critical minerals, domestic players need to secure long-term supply from countries having sizable reserves and focus on battery reuse and recycling. It said this would provide environmental benefits and reduce price and supply risk associated with imports of these minerals. India has set an ambitious target to meet 50 per cent of its primary energy requirement fr...
India needs to secure long-term supply of critical mineral sources: CareEdge
India needs to secure long-term supply of critical mineral sources: CareEdge
Source: Accord Fintech
2024-11-14 12:57:52 pm
Perspective on CPI Data by Ms. Rajani Sinha, Chief Economist, CareEdge Below the Perspective on CPI Data by Ms. Rajani Sinha, Chief Economist, CareEdge   “In line with our expectations, the CPI inflation inched up further to a 14-month high of 6.2% in October. Core inflation also saw a minor uptick of 20 bps to 3.7% in October. Despite a favourable base and benign core inflation, high food inflation has kept the headline inflation elevated. High food inflation led by strong momentum in prices of vegetable and edible oil remains a cause of concer...
Perspective on CPI Data by Ms. Rajani Sinha, Chief Economist, CareEdge
Perspective on CPI Data by Ms. Rajani Sinha, Chief Economist, CareEdge
Source: CareEdge Ratings
2024-11-13 11:36:50 am
Perspective on IIP Data by Ms. Rajani Sinha, Chief Economist, CareEdge Below the Perspective on IIP Data by Ms. Rajani Sinha, Chief Economist, CareEdge   “Growth in India's industrial output rebounded to 3.1% in September, recovering from a 0.1% contraction in the previous month. The recovery was largely driven by improvement in the manufacturing sector. Additionally, marginal growth in the mining and electricity output, reversing from a contraction in the prior month, boded well for the IIP rebound. The output of consumer durable and n...
Perspective on IIP Data by Ms. Rajani Sinha, Chief Economist, CareEdge
Perspective on IIP Data by Ms. Rajani Sinha, Chief Economist, CareEdge
Source: CareEdge Ratings
2024-11-13 11:28:25 am
CareEdge Global assigns BBB+ rating to India CareEdge Global IFSC, a subsidiary of CARE Ratings, has assigned a BBB+ rating to India, reflecting the country’s strong post-pandemic recovery and its focus on infrastructure investments. CareEdge Global’s assessment highlights India’s resilient economic performance, projecting GDP growth in the range of 6.5-7 per cent in the coming years. According to it, India’s general government debt is expected to gradually decrease to 78 per cent of GDP by FY30 and further to...
CareEdge Global assigns BBB+ rating to India
CareEdge Global assigns BBB+ rating to India
Source: Accord Fintech
2024-10-04 10:11:08 am
CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countrie CareEdge Global IFSC Ltd, a subsidiary of CARE Ratings Ltd, one of India’s leading credit rating agencies, has today unveiled its report on Sovereign Ratings of Global Economies, assigning sovereign ratings to 39 countries. The rating agency has assigned long term foreign currency (LTFC) rating of CareEdge BBB+ to India. With this, CareEdge has become the first Indian credit rating agency to enter the Global Scale Ratings space, through its subsidiary, CareEdge Global IFSC Limited. &...
CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countrie
CareEdge announces entry into Global Scale Ratings with launch of Sovereign Ratings for 39 Countrie
Source: PR Agency
2024-10-03 05:24:53 pm
Indian hospitality sector`s revenue per available room to grow by 8-9 pc in FY25 The Indian hospitality sector is witnessing a boom and in FY25, the industry's revenue per available room is estimated to grow by approximately 8-9 per cent, a report showed on Friday.  According to rating agency CareEdge, the industry's revenue per available room registered a strong growth of 14 per cent during fiscal 2024. For FY25, it is expected to grow by 8-9 per cent, building on the high base set in FY24. CareEdge expects industry to report average revenue per ava...
Indian hospitality sector`s revenue per available room to grow by 8-9 pc in FY25
Indian hospitality sector`s revenue per available room to grow by 8-9 pc in FY25
Source: IANS
2024-09-28 08:44:41 am
Adani Enterprises` debut public bond sale to see strong demand, bankers say  The maiden public issue of bonds by India's Adani Enterprises is expected to witness strong demand as yields are attractive, four merchant bankers said on Wednesday. The company plans to raise up to 8 billion rupees ($95.3 million) through this issue, which includes a greenshoe option of 4 billion rupees. The issue, which would be India's second-biggest for the current financial year, will open for subscription on Sept. 4 with closing scheduled for Sept. 17, according to a...
Adani Enterprises` debut public bond sale to see strong demand, bankers say
Adani Enterprises` debut public bond sale to see strong demand, bankers say
Source: Reuters
2024-08-28 04:19:54 pm
Perspective on WPI data by Rajani Sinha, Chief Economist, CareEdge Ratings Below the Perspective On WPI data by Rajani Sinha, Chief Economist, CareEdge Ratings   ‘WPI inflation rose sharply to 1.3% in April, continuing in positive territory for the sixth consecutive month. While manufactured products continued in deflation, albeit at a slower pace compared to last month, segments like wholesale food prices and fuel and power remained in positive territory. Wholesale inflation of fuel and power entered positive territory after 11 months in April. Bre...
Perspective on WPI data by Rajani Sinha, Chief Economist, CareEdge Ratings
Perspective on WPI data by Rajani Sinha, Chief Economist, CareEdge Ratings
Source: PR Agency
2024-05-14 06:05:43 pm