Latest News on Care
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Care - Total results - 27
Feb 18, 2020
Care downgrades rating on Vodafone Idea's long-term bank facilities, non-convertible debenturesVodafone Idea on Monday said Care Ratings has downgraded the rating on its long-term bank facilities and non-convertible debentures.
Dec 27, 2019
IL&FS scam: SEBI slaps Rs 25 lakh fine each on ICRA, CARE; flays rating agencies for failing to exercise due diligenceThe Securities and Exchange Board of India (SEBI) also said the default by IL&FS occurred due to "lethargic indifference and needless procrastination and laxity" of these rating agencies.
Oct 15, 2019
Economic slowdown: Stress points in real estate limited, but financial sector needs to be watchfulBank exposure to real estate as of March 2019 was Rs 2.2 lakh crore, but overall credit to the NBFCs stood at Rs 6.8 lakh crore.
Jul 23, 2019
IL&FS crisis: ICRA, CARE question Grant Thornton's report on cash-strapped infrastructure lenderRating agency CARE on Monday claimed that the interim report by Grant Thornton's on IL&FS Group "misses" some rudimentary elements of the process of credit rating
Jul 19, 2019
IL&FS mess: From tickets for Real Madrid match to watches and shirts, gifts doled out to rating agencies, reveals interim reportThe mandate was to audit the role of the credit rating agencies and ascertain whether there were any possible wrong-doings in rating IL&FS group companies during 2008-2018.
Jul 18, 2019
Rating agencies, facing regulator's wrath for IL&FS tragedy, are left with a hard choice nowIn the Indian context, there are several examples where rating agencies failed to sense the imminent danger and continued awarding top ratings to firms in trouble only to witness payment defaults a few months later.
Jun 12, 2019
IL&FS scam: Ex-CEO of NBFC arm helped Fitch official buy villa, says report; rating agency investigating matterThe massive scam came to light last year after various IL&FS group entities defaulted on debt repayments. The group owed more than Rs 90,000 crore as of March 2018.
Jun 11, 2019
IL&FS probe: Ex-CEO of subsidiary helped leading rating agency official buy duplex villa worth crores at discountThe probe by the government's white-collar crime probe agency SFIO has already unearthed connivance of auditors and independent directors with the then top management of IFIN
Jun 07, 2019
Eros International shares continue to tumble; plunge 15% after downgrade by CAREThe scrip cracked 14.41 percent to close at Rs 45.45 on the BSE. During the day, it plummeted 19.96 percent to Rs 42.50 -- its 52-week low
May 22, 2019
DHFL is no IL&FS yet, but it isn’t far from getting there unless a Santa shows up with bag full of good moneyDHFL’s scheduled aggregate cash outflows (including loan repayment and securitisation payouts) till July 2019 remain high, at around Rs 8,400 crore.