HDFC Bank shares lost over 3% after the private sector lender reported its earnings for the quarter ended June 30, despite it being in line with the analysts' estimates.

The ED and Grant Thornton have discovered that the IL&FS senior management interfered in the ratings review of its group firms, seeking their upgradation on many occasions

India Ratings refuted the Grant Thornton report, saying that it is based on partial and selective source material from IL&FS and demonstrates a limited understanding of the credit rating process

In an interim forensic audit report on role of credit rating agencies engaged by the erstwhile management, Grant Thornton has flagged a number of cases amounting to potential favours and gifts given to senior officials of the agencies and even their family members.

During this month, credit rating agencies ICRA and CARE have sent their CEOs on leave pending investigations against them

Market erased gains of last two sessions on Thursday with the Indian equity benchmarks, BSE Sensex and NSE Nifty, falling over 0.75% each. Sensex gave up 38,000 and Nifty was back below 11,600 level by the closing bell.

Market erased gains of last two sessions on Thursday with the Indian equity benchmarks, BSE Sensex and NSE Nifty, falling over 0.75% each. Sensex gave up 38,000 and Nifty was back below 11,600 level by the closing bell.BSE S&P Sensex ended the day at 38,897, down 318 points and NSE Nifty50 closed lower by 90 points down at 11,596.  \"Global central banks including RBI are cutting their rates to support the economy, however markets are not yet convinced given the weak dema...

In absence of Rajesh Mokashi, Care Ratings has appointed TN Arun Kumar, executive director, as interim CEO of the company

India's CARE Ratings Ltd has placed Chief Executive Officer Rajesh Mokashi on leave until further notice, the company said here late on Wednesday, making it the second rating agency to do so amid regulatory concerns.

According to Moody's Investors Service, ONGC's Baa1 issuer ratings are primarily driven by its standalone credit profile, as captured in its baa1 Baseline Credit Assessment (BCA)

YES Bank share price has lost 72.59% during the last one year and fallen 42.83% since the beginning of this year. The large cap stock touched an intraday high of Rs 106.30 (14.06%) on BSE today.

In an exchange filing, Parag Milk Foods said ICRA has assigned an upgraded credit rating for Rs 390.04 crore Line of Credit (LOC) availed by the company

According to the report, telcos -Bharti Airtel, Vodafone Idea and Reliance Jio- would continue to rely on external funding arrangements to support their debt servicing and elevated capex requirements

Ashok Venkatramani has resigned as Managing Director of Zee Media Corporation with effect from close of business on July 9

Continuing its losing streak, YES Bank share price dipped as much as 6.10 per cent to hit an intra-day low of Rs 90.25 on the Bombay Stock Exchange