The Financial Express -- News

Friday, May 9 1997

S&P picks up 9.6% in Crisil Standard & Poor's, the world's largest ratings service and a division of the $3.6-billion McGraw-Hill Companies, has picked up a 9.6% stake in Credit Rating Information Services of India Ltd, the country's leading rating agency with a 70% market share.		Infrastructure Bond Issue
ADB to allot $800m for core, housing segments The Asian Development Bank has earmarked $800 million to fund infrastructure and housing projects in the country in 1997. The bank has identified Gujarat as a high-income state, and had provided a $300-million loan for restructuring the state electricity board here.	Damani in Delhi to push BOLT expansion plan Bombay Stock Exchange president MG Damani is off to Delhi to expedite the Department of Telecommunication's proposal of expanding BOLT nationally through V-sat. Damani's urgency stems from the fact that the exchange plans to make BOLT operational by next week in over 70 centres.

S&P picks up 9.6% in Crisil