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TPS enables Stumpp Schuele to increase Covid-19 faceshield production

TPS enables Stumpp Schuele to increase Covid-19 faceshield production

Chennai: Passenger car maker Toyota Kirloskar Motor has extended its famed Toyota Production Systems (TPS) to one of its suppliers Stumpp Schuele & Somappa Springs to increase of production of face shields for public health workers and law enforcement agencies in Karnataka in their fight against...

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French watchdog tells Google to pay news firms for using their content

French watchdog tells Google to pay news firms for using their content

London: The French anti-competition watchdog on Thursday asked tech giant Google to negotiate with publishers and news agencies on paying them proper remuneration for re-using their content on its platforms.The French ‘Autorite de la Concurrence' body in a ruling granted requests for urgent interim ...

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SEBI modifies rating withdrawal norms for CRAs

SEBI modifies rating withdrawal norms for CRAs

New Delhi: The Securities and Exchange Board of India (Sebi) on Friday tightened the noose around the corporates, saying if companies are not cooperating with credit rating agencies (CRAs) on disclosure of loan defaults, then the latter should issue INC (Issuer not cooperating) ratings."If an issuer...

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Hackers stealing guests' credit card data from hotels worldwide

Hackers stealing guests' credit card data from hotels worldwide

Moscow: Over 20 hotels in Asia, Latin America and Europe have fallen victim to targeted malware attacks, putting travellers' credit card data which is stored in a hotel administration system, including those received from online travel agencies (OTAs), at risk of being stolen and sold to criminals w...

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IL&FS way: If you can't change the rating, change the agency

IL&FS way: If you can't change the rating, change the agency

New Delhi: As several instances of collusion between crisis-hit IL&FS and its credit rating agencies have surfaced from the forensic audit of the lending group, the Grant Thornton report also shows that at times when rating agencies informed the company about according low or negative ratings, k...

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IL&FS completes first phase of forensic audit on credit rating agencies

IL&FS completes first phase of forensic audit on credit rating agencies

New Delhi: IL&FS has completed first phase of forensic audit on credit rating agencies (CRAs) engaged with Group Companies in the last ten years.The audit evaluates the role of CRAs in rating various debt instruments and facilitating excessive borrowings from money markets across group compa...

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How IL&FS colluded with rating agencies

How IL&FS colluded with rating agencies

New Delhi: With rating agency ICRA sending its CEO Naresh Thakkar on leave citing regulatory concerns, the role played by the rating agencies -- highlighted innumerable times by IANS in the past -- has once again come under the spotlight. An anonymous complaint alleged that there were lapses when I...

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Hard earned PF money, prestigious Schools and media agencies hit in IL&FS maelstrom

Hard earned PF money, prestigious Schools and media agencies hit in IL&FS maelstrom

New Delhi: Top educational institutions, media agencies, and hard-earned provident funds carry huge exposure to IL&FS bonds. The latest names revealed in a research include the creme de la creme of some of India's finest schools and toniest ad agencies. Schools stuck with exposure to IL&FS...

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Credit agencies downgrade RInfra to default status, but Anil Ambani's company positive on Rs 18800 crore deal with Adani

Credit agencies downgrade RInfra to default status, but Anil Ambani's company positive on Rs 18800 crore deal with Adani

Anil Ambani, Chairman of the Anil Dhirubhai Ambani group in a file photo. As the weekend nears, and dust seems settling to be in the Reliance-Rafale, another one is waiting to become a discussion point. This time it's Reliance Infrastructure. This story, explains, whether Reliance Defense was rea...

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Temp staffing market size to grow by 74 percent in 4 years

Temp staffing market size to grow by 74 percent in 4 years

A report from KPMG compiled for the Indian Staffing Federation suggests that temporary staffing sector in India will grow by 74% in four years.The Indian market, which is currently worth $ 3.04 billion is poised to grow to $5.3 billion by 2021.The US temporary-staffing market in FY16 was already a ...

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