Sebi asks rating agencies to adopt standard symbols
Market regulator Sebi asked credit rating agencies to adopt standard symbols and definitions devised by it within four months, a move that will help investors to better understand financial health of firms.
Entities promising hefty returns to gullible investors from 'offbeat' avenues like art, antiques and real estate may soon come under the scanner of Sebi, which is framing a new set of rules for 'alternative investments'.