icra
Incremental bank credit has declined by Rs 0.19 trillion during H1 FY'20, in contrast to the rise of Rs 0.81 trillion during H1 FY'18 and Rs 3.51 trillion during H1 FY'19.
Bank credit growth to moderate to 8.5 pc in FY20: Icra
04 Nov 2019 3:36 PM

Icra expects year-on-year credit growth to decline to 6.2-6.8 per cent in FY20 from 13.5 per cent in the last financial year.

The trend of recycling and reuse is likely to accelerate going forward. That would dent the demand for virgin polymer and impact the margins of producers. Notwithstanding the backlash, improving living standards, population growth, increasing urbanisation and lack of cost effective alternatives would continue to support the growth of many plastics over the next decade.
Good days behind for petchem industry: Icra
10 Sep 2019 1:37 AM

Going forward, the olefins cycle is likely to decline further and that in turn would lead to subdued returns, they added.

During the review period, IL&FS Group had availed rating services from Crisil Ltd, CARE Ratings, ICRA, India Ratings (a Fitch group company) and Brickwork.
IL&FS case: Sebi widens probe into role of rating agencies
21 Jul 2019 11:56 AM

Grant Thornton was asked to review ratings provided by various credit rating agencies (CRAs) to IL&FS group companies.

CARE said Mokashi would be on leave until the company had examined an anonymous complaint against him sent to SEBI. (Photo: File)
CARE Ratings sends CEO Rajesh Mokashi on leave pending inquiry
18 Jul 2019 1:09 PM

The agency appointed T N Arun Kumar, currently executive director of ratings, as interim CEO.

Action against Takkar has been taken "pending enquiry into the concerns raised in an anonymous representation, that was forwarded to the company by the Securities and Exchange Board of India (SEBI)", Icra said.
Icra shares tumble over 5 pc after company sends MD and CEO on forced leave
02 Jul 2019 4:54 PM

The scrip dropped 5.23 per cent to close at Rs 3,050.10 on BSE. During day, it tanked 8.83 per cent to Rs 2,934.

Company is already in the process of selling down its loan assets including wholesale project loans to make good all its obligations and maintain its 100 per cent commitment to all its creditors.
Troubled mortgage lender DHFL again misses debt payments
26 Jun 2019 8:59 AM

DHFL only been able to make a 40 per cent payment on unsecured commercial papers due on Tuesday.

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