The avian flu outbreak in India could pare poultry sales by a third this month, but if the history of upward price correction after every avian flu outbreak is any indication, the industry will bounce back in quick time with profitability .
CRISIL transfers credit ratings business to wholly owned subsidiary
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Crisil Ltd. said it has completed the transfer of its ratings business to wholly owned subsidiary Crisil Ratings Ltd. as per Securities and Exchange Board of India’s (SEBI) amended norms mandating the segregation of ratings and non-ratings businesses of credit rating agencies. “This transfer was undertaken through a scheme of arrangement,” .. [which] was approved by the National Company Law Tribunal earlier this year. The scheme has been made effective as on December 31, 2020, following receipt of all necessary approvals, including from the SEBI and the Reserve Bank of India,” Crisil said in a statement.