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Tuesday, June 10 1997
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Sony India plans to double equity base![[Details]](/icons/bullet.gif){kind=icon}
Sony India Pvt Ltd, the wholly owned subsidiary of the Japanese electronics megacorp, Sony Corporation, plans to double its equity base to $21 million. The additional infusion of funds would be invested in plant and machinery.
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Tatas optimistic as they wait for Gujral's word
The Tata group is awaiting an official word on their joint venture airline project with Singapore Airlines (SIA) after Prime Minister I K Gujaral's statement expressing dissatisfaction with India's civil aviation policy.
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Unit Trust set to press for dual ratings from NBFCs
The Unit Trust of India will soon start seeking dual ratings for fresh exposures in privately-placed debentures issued by non-banking finance companies (NBFCs). The move to stress mandates by two rating agencies, prompted by the CRB fiasco, is likely to be taken up at its next investment committee meeting.
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The Group
