Sebi asks agencies to rate all firms

A representation from rating agencies which sought to withdraw ratings of companies who are not cooperating has met with resistance from the markets regulator, the Securities and Exchange Board of India (Sebi). The regulations for credit rating agencies (CRAs) require that an instrument should be rated all through its lifetime […]

TCS Q1 net profit down 13.8% YoY

India’s largest IT services company Tata Consultancy Services (TCS) Ltd reported a net profit of Rs 7,008 crore, down 13% sequentially for the first quarter ended June, below analyst estimates of about 5% sequential decline. On a year-on-year basis, the net profit was down 13.8% from Rs 8,131 crore in […]

BS Yediyurappa to ‘work from home’ after staff test positive for Covid-19

Karnataka chief minister BS Yediyurappa, who was set to hold a meeting with all 198 corporators of the Bruhat Bengaluru Mahanagara Palike (BBMP) to review the Covid-19 situation on Friday, said today he would be working from home as a precautionary measure after staff members at his office-cum-residence tested positive for coronavirus. […]