Care
Recent Highlights
All Stories for Care
9 Months Episode 3 Part 2 | The baby’s first year: Impact of colour psychology on babies
Fp Staff •Colour has the ability to excite, soothe even agitate your baby.
IL&FS crisis: ICRA, CARE question Grant Thornton's report on cash-strapped infrastructure lender
•Rating 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
IL&FS mess: From tickets for Real Madrid match to watches and shirts, gifts doled out to rating agencies, reveals interim report
•The 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.
Rating agencies, facing regulator's wrath for IL&FS tragedy, are left with a hard choice now
Dinesh Unnikrishnan123 •In 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.
IL&FS scam: Ex-CEO of NBFC arm helped Fitch official buy villa, says report; rating agency investigating matter
•The 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.
IL&FS probe: Ex-CEO of subsidiary helped leading rating agency official buy duplex villa worth crores at discount
•The 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
Eros International shares continue to tumble; plunge 15% after downgrade by CARE
Fp Staff •The 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
DHFL is no IL&FS yet, but it isn’t far from getting there unless a Santa shows up with bag full of good money
Dinesh Unnikrishnan123 •DHFL’s scheduled aggregate cash outflows (including loan repayment and securitisation payouts) till July 2019 remain high, at around Rs 8,400 crore.
Fortis Healthcare board approves demerger, to sell hospital business to Manipal, TPG Capital
•Manipal Hospitals, part of Manipal Education and Medical Group (MEMG), is owned by Dr Ranjan Pai and has been backed by TPG, a leading global alternative asset firm and experienced healthcare investor since 2015.
Mumbai Police arrests three directors of city-based Parekh Aluminex Ltd over Rs 4,000 crore bank fraud
Fp Staff •Mumbai Police has arrested three directors of Parekh Aluminex Ltd (PAL) as part of an investigation into the non-payment of dues estimated at Rs 4,000 crore