Credit ratings conceal more than they reveal

What is a financially safe company? Is it one that is nearly debt-free and earns over 20 per cent returns on capital employed in its business; or one with a debt-to-equity ratio of around one and......

New insurance norms can be a double-edged sword

The finance ministry's proposal to allow insurance companies to invest in AA-rated securities will broaden investment options for insurance companies but is also likely to expose their......