Why ICRA chief Naresh Takkar was sent on sudden leave

This move was triggered by a whistleblower complaint sent to Sebi against senior management interference in ensuring good ratings specifically in IL&FS and its subsidiaries. In an unprecedented......

IL&FS fallout: NBFCs may run into choppy waters

The general nervousness because of the IL&FS default will prevail in the system for now.Anup Roy reports.Illustration: Uttam Ghosh/Rediff.com Non-banking finance companies (NBFCs), especially......

MDs on 'forced' leave, but its business as usual for ICRA and Care Ratings

The reason for both the officials being sent on leave is the same - an anonymous complaint received by the market regulator against the agency. Illustration: Dominic Xavier/Rediff.com In little......

Further monetary easing on the cards

Subsequently, several such concerns have subsided to an extent, with a smaller-than-feared monsoon deficit, above-normal kharif planting, decline in commodity prices and relatively stable rupee.......