Creative Bharat
MUMBAI: CareEdge Ratings is positioning itself as a global player in sovereign and cross-border corporate ratings through its Gift City-based subsidiary, CareEdge Global IFSC, and is engaging with global debt issuers and institutional investors like sovereign wealth funds.“We are already among the top 10 global rating agencies when it comes to sovereign ratings by number […]
The US government’s gross national debt has crossed $37 trillion, setting a new record that underscores the growing strain on the country’s finances and adding to the cost pressures facing taxpayers, according to the latest Treasury Department report issued Tuesday.The milestone has arrived years earlier than pre-pandemic forecasts. In January 2020, the Congressional Budget Office […]
Mutual fund inflows hit fresh records in July, with equity schemes attracting Rs 42,702 crore — up 81% from June’s Rs 23,587 crore — and debt funds bouncing back with Rs 1.06 lakh crore after two months of withdrawals. In July 2024, equity inflows stood at Rs 37,113 crore.Sectoral and thematic schemes topped the equity […]
The central government has managed to save ₹560 crore so far in the current financial year (FY26) through debt switching operations, according to a recent report released by Bank of Baroda. The report highlighted that one of the key tools gaining traction in the Centre’s debt management strategy is conversion or switches, along with buybacks. […]
Actor Rajesh Kumar, popularly known for his role in Sarabhai vs Sarabhai, is currently basking in success for his latest release, Saiyaara. In an interview with Meri Saheli, Rajesh opened up about falling into severe debt and struggling to survive financially after taking a break from acting to pursue farming. Rajesh Kumar talked about going […]
Centre Gave up ₹99,000 cr Corporate Tax Revenue in FY24 on Account of Tax IncentivesThe Finance Ministry Tuesday informed Parliament that the Centre has foregone ₹99,000 crore of corporate tax revenue in FY24 on account of tax incentives. The corporate tax revenue foregone in 2023-24 stood at ₹98,999 crore, followed by ₹88,109 crore and ₹96,892 […]
Nine years after the launch of the Insolvency and Bankruptcy Code (IBC), India has managed to resolve debt worth more than Rs 26 lakh crore, either directly or indirectly, a new report said on Tuesday. Out of the total amount, around Rs 12 lakh crore of debt was resolved through about 1,200 cases of stressed […]
Crompton Greaves Consumer Electricals Ltd. (‘Company’), a leading player in the Consumer Durables player, today announced the successful repayment of the final tranche of its Non-Convertible Debentures (NCD) with principal amounting to Rs. 300 Crs. This milestone marks the full repayment of the total debt of Rs. 2,125 Crs undertaken for the acquisition of […]
Due to Pakistan’s poor credit rating at junk level, the nation remains excluded from global capital markets. (AI image) Pakistan’s economy is deeply troubled, and its drowning in debt – its dependency on external support increasing every year. Pakistan got a record $26.7 billion in foreign loans in the previous fiscal year – a fact […]
The report expects CAD to be (-) 0.9 per cent of the GDP in FY26, largely reflecting a resilient domestic demand and a slowdown in external demand. | Photo Credit: REUTERS The International Monetary Fund (IMF) on Tuesday said that short-term rollover risk of external debt for India is limited. It has referred to India’s […]
