Why Sebi probing rating agencies regarding IL&FS group?

  • 2 Answers
  • Grant Thornton
    answered 9 months ago in The Hindu Businessline
  • The special audit ( by Grant Thornton) has also flagged a potential conflict of interest between IL&FS and CARE, as for the period 2007 to 2013, IL&FS Ltd and IFIN owned equity shares of approximately 5-9 per cent in the rating agency.
  • Moneycontrol
    answered 9 months ago in Moneycontrol
  • Because forensic audit mandated by the new board of crisis-ridden IL&FS flagged serious lapses and their possible complicity with the former top brass of the group in giving top ratings despite weak financials.


  • What is impact of attack on Saudi Aramco
  • Shaktikanta Das, RBI Governer
    answered 7 months ago in CNBC interview
  • There will be an impact on currencies across the world… depending on how long it persists, it will have some impact on the current account deficit and perhaps on fiscal deficit if it lasts longer.

  • What are key takeaways from Oppenheimer & Zee-Invesco deal
  • Punit Goenka, MD and CEO of Zee Entertainment Enterprises Ltd.
    answered 8 months ago in CNBC interview
    • It is a straight equity transaction and does not include a right of first refusal or return guaranteed or buyback conditions
    • 100 percent of the funds will go to debt repayments
    • I don’t think we will need to sell the crown jewel, Zee Entertainment

  • What factors are required to be in place for adoption of EVs.
  • Niranjan Kumar Gupta, Hero MotoCorp
    answered 8 months ago in Q1 2020 Hero MotoCorp Ltd Earnings Call
  • There are multiple factors. The game of EV is not so easy that you put out a product in the market, and market will migrate from traditional IC engine to EV. First, there is a price factor. So if you see, even the current like-for-like vehicles are in the market, they are priced at almost 2x compared to their IC siblings. The second factor then becomes is a convenience of charging. You don't have as many charging stations as the petrol fueling stations that you have. And therefore, building up that infrastructure is another thing. Third is the time that it takes to charge. Fourth is how does it feed on acceleration, movement, when the battery dies out, a better infrastructure, battery technology, so there are plethora of factors, which will determine the EV transition from a sourcing side, manufacturing side, viability side and the customer side. So I think this is a game of -- at least, one thing is sure, that, yes, as an industry, we are supportive of this EV movement. But there will be a transition, which will be more slower than what one would be expecting.