CARE Ratings

State-owned Punjab & Sind Bank has said CARE Ratings has upgraded ratings on tier-II bonds by a notch, citing improvement in profitability and decline in bad loans. The rating has been upgraded from CARE AA- with Positive outlook to CARE AA with Stable outlook, the bank has said in a regulatory filing. The bank has secured rating upgrades for tier II bonds worth Rs 1,237 crore. The rating revision to the debt instruments of Punjab and Sind Bank (PSB) considers the improvement in profitability in FY25 and better asset quality aided by recoveries and lower incremental slippages, CARE Ratings said in a statement. The rating continues to favourably factor in majority ownership of and demonstrated support from Government of India (GoI), comfortable capitalisation levels supported by multiple equity infusions and accretion of profits, and established presence in northern states of India, it said. PSB is expected to sustain growth in business while maintaining adequate capitalisation and

GMR Airports stock outlook: CareEdge Ratings projects a robust 9% CAGR in air passenger traffic over FY25- FY27, with international traffic growth expected to outpace domestic growth.

The tribunal said Sebi caused reputational and financial damage to Mokashi and wasted judicial time, while ignoring Justice BN Srikrishna's exoneration in the ratings case

Aadhar Housing Finance has said CARE has upgraded the rating of the company's long-term bank facility and non-convertible debentures (NCDs) by a notch. The rating agency has improved rating to CARE AA+ from CARE AA, Aadhar Housing Finance said in a statement on Tuesday. The outlook has been kept stable, it said. For the fourth quarter ended March 2025, Aadhar Housing Finance reported a 21 per cent rise in net profit to Rs 245 crore as against Rs 202 crore in the same quarter a year ago. Total income during the quarter under review rose to Rs 834 crore from Rs 692 crore in the year-ago period.

Among the said list of companies, automaker Swaraj Engines has declared the highest dividend, announcing a final dividend of ₹104.5 per share for financial year 2024-25 (FY25)

Among the said list of companies, automaker Swaraj Engines has declared the highest dividend, announcing a final dividend of ₹104.5 per share for financial year 2024-25 (FY25)

Analysts remain positive on Domestic Ratings business - CRISIL, CARE - and expect bond issuances to increase over coming quarters aided by monetary easing and softening corporate spreads.

Toll waivers on major highways may impact cash flows of operators like IRB, but low EV penetration and expected compensation make long-term effect minimal

In the past one month, CARE Ratings stock has zoomed nearly 30 per cent, as against 5.7 per cent rise in the BSE Sensex.

Care Ratings on Monday reported a 77 per cent jump in its net profit to Rs 43.37 crore for the fourth quarter ended March 31. The domestic ratings firm had a net profit of Rs 24.55 crore in the March quarter of 2023-24. Its total income rose to Rs 124.82 crore in the January-March period from Rs 100.43 crore in the March quarter of FY24, the agency said in a regulatory filing. For the full fiscal 2024-25, its net profit surged 36.5 per cent to Rs 140 crore against Rs 102.56 crore in 2023-24. Shares of Care Ratings closed at Rs 1,342.85 apiece, up 4.28 per cent over the previous close on BSE.

The stock of the company closed six per cent lower at Rs 305.2 per share on BSE

Vinay Rajani of HDFC Securities has suggested buying Care Ratings and NFL. Here's why

Kotak Institutional Equities said microfinance players are now starting to see a scenario where incremental data on forward flows, collections and SMA book is showing an improvement

Shares of Mahanagar Telephone Nigam Limited (MTNL) rallied up to 6.34 per cent at 58.49 per share on the BSE in Wednesday's intraday deals

Sachin Gupta, chief rating officer at CARE Ratings, said that the first half of FY25 paints a picture of cautious optimism within India's corporate sector

The upgrade by CareEdge Ratings follows subsequent prepayment of 64 per cent of external debt supported by funds infusion from APSEZ

The plan is to establish regional hubs to enhance local connections in the countries rated by CARE

Thus far in the month of October 2024, CARE Ratings has outperformed the market by surging 32%, compared to the 5% decline in the BSE Sensex during the period

The rating agency, in a statement placed on its website, said the assets under management (AUM) of IFL's gold business shrunk to Rs 14,727 crore as of June 30, 2024

CARE Ratings Ltd on Friday settled a case pertaining to alleged violation of Credit Rating Agencies (CRA) rules with markets regulator Sebi after paying Rs 13.05 lakh. The order came after CARE Ratings filed an application with Sebi proposing to settle the proceedings initiated against it, "without admitting or denying the findings of facts" through a settlement order. "In view of the acceptance of the settlement terms and the receipt of the settlement amount...the instant adjudication proceedings initiated against CARE Ratings Limited is disposed of in terms of...the Settlement Regulations," Sebi said. The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against CARE Ratings Ltd for alleged violation of a clause related to 'Monitoring and Review of Ratings by Credit Rating Agencies (CRAs) specified under CRA Regulations.