Sunday, September 27, 1998
FIs want steel promoters to bear 20% of cost overrun for new exposure
Financial institutions are insisting that promoters of steel companies should bear at least 20% of the cost overrun as a pre-condition to fresh exposure in the steel sector.
Asset-backed securitisation all set to catch on in the country
Asset-backed securitisation (ABS) is set to witness significant growth in the coming years, adding depth and variety to the capital market. The potential of securitisation is immense and is likely to be the major financial instrument for the next decade.
FIPB approves Nagarjuna, Caltex projects
The Foreign Investment Promotion Board (FIPB) has approved foreign investment worth Rs 251 crore which included proposals of the Nagarjuna group and Caltex.
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