E-PaperCare Rating News
How a domestic rating agency wants to take on the big guns
If allowed, Care Ratings will be the first Indian rating agency to rate sovereign debt, a space dominated by global companies such as S&P, Moody’s and Fitch.
3 min read4 Apr 2024Q4 results today: Asian Paints, Eicher, Dr Lal Path Lab, Religare among others to report earnings
Otther than several macro economic factors, market will respond to the quarterly results of companies like Asian Paints, Eicher motors, Dr Lal Path Lab, Religare Enterprises, etc set to be announced on Thursday
2 min read11 May 2023WPI inflation shrinks to 29-month low
WPI declined to 1.34% in March from 3.85% in February but economists said food inflation could surge due to the ongoing heat wave conditions.
2 min read18 Apr 2023Small cap stock declares ₹10 per share dividend, rallies over 30% in 6 months
A small-cap company with a market valuation of ₹1,802.66 Cr, CARE Ratings Ltd operates in the financial services industry.
2 min read30 Jan 2023Bank credit expected to grow 7.5-8% in FY22: Care Ratings
In absolute terms, credit offtake increased by ₹7.1 trillion over the past twelve months
1 min read14 Nov 2021Coronavirus to shave off ₹40k cr everyday from Indian economy: CARE Ratings
Q4 growth may not be negative but can go down to 1.5-2.5%. The economy was slated to grow by ₹1.74 lakh crore in Q4 or by 4.7%
3 min read25 Mar 2020Care downgrades credit rating of HAL’s ₹7,300 crore bank facilities
HAL reported 32% growth in revenue from operations to ₹3,451 crore for the second quarter ended September 2019 against ₹2,610 crore in July - September quarter of the previous fiscal
1 min read26 Dec 2019After five-month leave, CARE Ratings' MD&CEO Rajesh Mokashi resigns
T.N. Arun Kumar will continue to act as the interim CEO A whistleblower complaint highlighting management interference in ratings of certain companies, including that of cash-strapped IL&FS, had led to regulatory scrutiny of the company
1 min read20 Dec 2019CARE downgrades Baba Ramdev's Patanjali Ayurved
This was due to large outflow of funds from the company to Patanjali Consortium Adhigrahan, a special purpose vehicle created for the acquisition of Ruchi Soya IndustriesPatanjali Ayurved had a net worth of ₹2,873 crore as of March 2019
1 min read5 Oct 2019CARE downgrades Reliance Capital’s ₹17,000 crore debt to default grade
CARE Ratings has downgraded Reliance Capital’s ₹17,000 crore debt to default grade ‘D’ from stable ‘BB’ earlierReliance Capital said the delay was caused due to 'a technical glitch in bank servers, and the payment went through on the very next bank working day i.e. 11 Sept 2019
1 min read22 Sep 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared