SEBI Fines Three Credit Rating Agencies For IL&FS Debt Rating

Stock market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs 25 lakh on each of three leading credit rating agencies for their failure to carry out proper due diligence when assigning credit ratings to the troubled Infrastructure & Leasing Finance Services (IL & FS).

After anonymous complaint at SEBI, CARE ratings sends CEO on leave

CARE Ratings has sent its Chief Executive Officer and Managing Director Rajesh Mokashi on leave till further notice after an anonymous complaint was filed against him at the Securities and Exchange Board of India (SEBI).

Cox & Kings defaults for the third time in fortnight

Cox & Kings has defaulted on an unsecured commercial paper of Rs 125 crore, its third default in the past fortnight totalling Rs 325 crore.