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Stock Market News Today Live Updates: Sensex and Nifty plunged sharply in opening deals today amid weak global cues. Investors turned cautious after a solid US jobs report strengthened the case for the Federal Reserve to keep raising interest rates aggressively.
The ruling came on a complaint filed by Brickwork Ratings India Pvt Ltd. The informant, Brickwork Ratings, alleged that the opposite parties CRISIL, India Ratings and Research, CARE Ratings and ICRA contravened the provisions of the Competition Act by means of collusive bidding and bid rigging, and also indulged in below cost predatory pricing. Brickwork Ratings averred that the credit rating agencies are involved in anti-competitive practices in contravention of the provisions of the Competition Act which is causing an appreciable adverse effect on the competition in India as well as on the Indian economy, CCI said in an order.