Page 4 - Care Ratings
Poonawalla Fincorp's subsidiary rating upgraded to AAA by Care Ratings
Poonawalla Fincorp's Rating Upgraded to AAA by Care Ratings
 "Poonawalla Fincorp's subsidiary rating upgraded to AAA by Care Ratings")
Renewable Energy Development Agency to issue tenor bonds to raise Rs 400 cr
The state-run company has invited coupon and commitment bids from bankers and investors on Friday
 "Renewable Energy Development Agency to issue tenor bonds to raise Rs 400 cr")
GMR Warora Energy signs pact with lenders to recast Rs 3,000 cr loans
Loans would be repaid progressively over 15 years, giving the company additional time of about seven years to extinguish the liability
 "GMR Warora Energy signs pact with lenders to recast Rs 3,000 cr loans")
CARE Ratings places NDTV's bank facilities on 'credit watch', shares gallop
NDTV, which had postponed its 34th AGM to September 27 from the earlier fixed date of September 20, said it has completed the dispatch of notice for the shareholders meeting on September 3, 2022
 "CARE Ratings places NDTV's bank facilities on 'credit watch', shares gallop")
Corporate debt quality remains steady in June after improving since Feb
According to CARE Ratings, upgrades in rated debt can be attributed to higher demand with the economy opening up after lockdowns, releasing pent-up demand, and lower cost of capital
 "Corporate debt quality remains steady in June after improving since Feb")
CRISIL, Icra, CARE: Major hurdles yet to be conquered by rating agencies
Despite the 15 per cent rally on Wednesday, CARE Ratings still trades 38 per cent lower from its 52-week high; Similarly, CRISIL and ICRA too are down 14 per cent from their respective 52-week highs.
 "CRISIL, Icra, CARE: Major hurdles yet to be conquered by rating agencies")
CARE Ratings surges 10% as board to consider share buyback plan on July 20
In the past six months, CARE Ratings has underperformed the market by falling 27 per cent, as compared to a 12 per cent decline in the S&P BSE Sensex.
 "CARE Ratings surges 10% as board to consider share buyback plan on July 20")
Banks' gross NPA at 5.9%, a 6-year low, likely to improve: CARE Ratings
Even though the gross non-performing assets (GNPA) of scheduled commercial banks in India has hit a six year low of 5.9 per cent in FY22, it can improve further, said CARE Ratings in a report
 "Banks' gross NPA at 5.9%, a 6-year low, likely to improve: CARE Ratings")
Tata group's Infopark Properties raises Rs 1,900 cr via zero coupon bonds
Infopark Properties will own 100% of shareholding in TRIL Infopark Ltd which operates the asset Intellion Park, Chennai, spread over an area of 4.6 mn sq ft
 "Tata group's Infopark Properties raises Rs 1,900 cr via zero coupon bonds")
CARE Ratings slips 13%, nears 52-week low after MD & CEO resigns
The board has accepted the resignation of Ajay Mahajan as the MD & CEO of the company due to personal reasons.
 "CARE Ratings slips 13%, nears 52-week low after MD & CEO resigns")
The stock of this iron & steel company has zoomed 89% in 11 trading days
Sunflag Iron and Steel soared 18 per cent to hit a record high of Rs 118.90 on the BSE in Tuesday's intra-day trade, extending previous two-week rally on the back of heavy volumes.
 "The stock of this iron & steel company has zoomed 89% in 11 trading days")
Former chiefs of CARE Ratings found not guilty after misconduct inquiry
An independent inquiry has found former top executives of India's CARE Ratings Ltd not guilty of potential misconduct, the company said in a regulatory filing on Tuesday.
 "Former chiefs of CARE Ratings found not guilty after misconduct inquiry")
FY22 ends with bank credit growth of 8.6%; retail, agri mainstay
FY22 saw the adverse effects of the pandemic until September 2021, followed by a turnaround in credit, especially to industry and retail, from October
 "FY22 ends with bank credit growth of 8.6%; retail, agri mainstay")
YES Bank up 11%, hits 52-week as CARE Ratings upgrade outlook to 'positive'
The ratings agency upgraded the outlook to 'positive' on account of stable growth in deposits and advances
 "YES Bank up 11%, hits 52-week as CARE Ratings upgrade outlook to 'positive'")
CARE upgrades rating for YES Bank's tier-II, infra bonds to "BBB+"
The CARE ratings continue to factor in the improvement in the credit profile of the bank post the implementation of the reconstruction scheme for the private sector lender.
 "CARE upgrades rating for YES Bank's tier-II, infra bonds to \"BBB+\"")
Hindustan Aeronautics sees record Rs 24K-crore revenue in FY22
Income likely to continue flowing in from helicopters and Tejas light fighter
 "Hindustan Aeronautics sees record Rs 24K-crore revenue in FY22")
Adani Enterprises hits new high on financial closure of Navi Mumbai airport
State Bank of India (SBI) has underwritten the entire debt requirement of Rs 12,770 crore for the NMIA Project
 "Adani Enterprises hits new high on financial closure of Navi Mumbai airport")
Russia-linked Nayara Energy put under credit watch, says CARE Ratings
Nayara operates the 400,000 barrel-per-day (bpd) Vadinar refinery in India's western Gujarat state and has a fleet of about 6,500 retail fuel stations in the country.
 "Russia-linked Nayara Energy put under credit watch, says CARE Ratings")
Vodafone Idea zooms 10% amid heavy volumes on ratings upgrade by CARE
Improvement in the industry dynamics post telecom reforms announced by the government, which addressed the liquidity woes of the sector, led to the upgrade said Care Ratings.
 "Vodafone Idea zooms 10% amid heavy volumes on ratings upgrade by CARE")
Sebi asks PFS to file action taken report on governance within four weeks
CARE Ratings monitoring developments at PFS
 "Sebi asks PFS to file action taken report on governance within four weeks")