The markets regulator found it was a subsidiary of CARE which had rated the Oaktree acquisition proposal, not the bonds
The MCR, the ratio of upgrades plus reaffirmations to downgrades plus reaffirmations, rose to 0.96 for Q3FY21
The stock hit a new high of Rs 853 on Thursday, and was trading higher for the seven straight day
FPA Global Opportunity Fund on Tuesday sold nearly 10 lakh shares of CARE Ratings Ltd worth about Rs 52 crore through an open market transaction.
CCI dismissed a complaint alleging that Crisil, India Ratings, Care Ratings, and ICRA indulged in unfair business practices
Experts say many crops don't come into the market during July-Sept and the real impact of kharif harvest will be felt in the subsequent quarters
The development comes after the government imposed a moratorium on LVB after considering an application filed by the RBI
This figure stood at 9.5 per cent in September 2019, according to report by CARE Ratings
The board has approved the payment of an interim dividend of Rs 8 per equity share of the face value of Rs 10 each for the financial year 2020-21.
The gross NPAs ratio of Indian banks is likely to be 11-11.5% by end of this fiscal and they are likely to restructure 4 to 5 per cent of the overall bank credit outstanding, according to Care Rating
Care Ratings expects 4-5 per cent of the existing loans to be stressed and opt for restructurings through the course of the year
Development follows Brickwork Ratings downgrade of long-term bonds of about Rs 50 cr and LVB receiving an indicative non-binding offer from Clix Group
The 93-year old private sector Lakshmi Vilas Bank (LVB) on Friday said credit rating agency CARE Ratings has downgraded its rating of already issued and proposed securities
Kharif crops account for nearly 9 per cent of the total gross value added and contribute nearly 60 per cent of value addition of the agriculture and allied activities sector
Markets regulator Sebi on Tuesday enhanced the penalty amount to Rs 1 crore each on rating agencies ICRA and CARE in connection with lapses on their parts while assigning credit rating to non-convertible debentures of IL&FS. The crisis at diversified IL&FS, whose board was superseded by the government, came to light in September 2018 and since then, the company as well as related entities have come under the regulatory lens. The regulator, in December 2019, had imposed a fine of Rs 25 lakh each ICRA and CARE Ratings in the matter saying the default by IL&FS occurred due to "lethargic indifference and needless procrastination and laxity" of these rating agencies. While the regulator came down heavily on the rating agencies with sharp observations but it was felt that the same was not reflected in penalty, several experts said. Sebi examined the order passed by Adjudicating Officer (AO) and observed that the penalty levied by AO appeared to be erroneous and not commensurate
Companies in the construction, real estate, manufacturing and power sectors said they are facing problems because of the return of migrant labourers back to their villages
The global rating agency had earlier predicted GDP to contract 4 per cent. On Friday, it predicated 11.5 per cent contraction
The numbers looked at the aggregate performance of 1,435 companies excluding those from the banking and finance sectors
In May 2017, CARE Ratings downgraded the ratings assigned to non-convertible debentures (NCDs) issued by RCom to default
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