IL&FS case: After auditors, credit rating agencies face govt heat
The Ministry of Corporate Affairs (MCA) is planning to act tough against some of the top credit rating agencies in relation to the IL&FS case, according to sources in the know. These agencies had rated the debt instruments of IL&FS Financial Services (IFIN), which went bust. READ ON...
Auto industry seeks govt intervention as PV sales skid to decade low
Vehicle sales in India — a key indicator of the economy — continued to slump with a decline of 8.62 per cent in May. READ ON...
EU's anti-trust authority blocks merger