Saturday, November 28, 1998
Piqued Bank of Baroda throws down gauntlet, contests S&P outlook revision
Bank of Baroda has challenged Standard & Poor's (S&P) downward revision of the rating outlook on the bank from stable to negative. The state-run bank sent a note to this effect immediately after the global rating agency revised the rating outlook of Industrial Development Bank of India (IDBI), ICICI Ltd and Bank of Baroda from stable to negative.
Indian Oil ventures with Reliance, Essar may lay product pipelines
Indian Oil Corporation's marketing joint ventures with Reliance Petroleum and Essar Oil will have infrastructure development within their ambit, allowing the partnership ventures to lay product pipelines, if necessary.
Ashok Leyland eats into Telco share in H1
Commercial vehicles major Telco has conceded its market share to Ashok Leyland in the first half of the current financial year owing to a price disadvantage sparked off by higher-priced Cummins engines recently-fitted in its trucks, Tata group chairman Ratan Tata told a group of financial analysts.
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