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India Inc wakes up to stern default rule

A new rule by SEBI mandates that any delay in a single rupee’s payment categorizes a company as a defaulter, impacting their credit rating temporarily. Even operational technicalities unrelated to financial instability can lead to volatile market reactions and necessitate rigorous compliance measures to avoid such downgrades.

Read moreIndia Inc wakes up to stern default rule
Source: economictimes.indiatimes.com
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