CARE Ratings announces impressive Q2 FY25 results—Investors cheer interim dividend

By on    General business news  

CARE Ratings announces impressive Q2 FY25 results—Investors cheer interim dividend

CARE Ratings Limited, one of India’s premier credit rating agencies, has reported robust financial results for the quarter and half-year ending 30th September 2024. The company, which operates under the ticker codes NSE: CARE and BSE: 534804, revealed a 22% year-on-year increase in consolidated revenue from operations for Q2 FY25, reaching Rs. 117.37 crore. This […]

State Bank of India breaks records with massive Rs 7,500 crore bond issuance

By on    General business news  

State Bank of India breaks records with massive Rs 7,500 crore bond issuance

In a strategic move to bolster its capital base, State Bank of India, the country’s largest lender, has raised a substantial ₹7,500 crores through its second Basel III compliant Tier 2 bond issuance for the current financial year. This issuance marks a significant milestone, securing funds at a competitive coupon rate of 7.33% annually for […]