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Business 20 Jul 2019 | 3:08 PM

Rating agencies knew of stress at India's IL&FS, but gave good ratings

MUMBAI/NEW DELHI: Credit rating agencies for years assigned high ratings to India's Infrastructure Leasing & Financial Services (IL&FS) and its group companies despite its deteriorating financial health, according to a special audit conducted by Grant Thornton India.

Business 21 Jul 2007 | 12:00 AM

De-listing issue a reminder that investors must be wary

The debate on whether Bursa Malaysia should de-list companies that fail to comply with listing rules is heating up.

Business 15 Mar 2003 | 12:00 AM

Pension assets in United States fall

THE value of state employee pension plans has plunged over the past three years, with the assets in the plans now worth less than the benefits they are committed to pay, according to a new study.