Tuesday, August 11, 1998
Panel questions bourses on rigging
Even as industry captains made a strong pitch to the standing parliamentary committee on finance to help revive the capital markets, the latter questioned the top officials of the Bombay Stock Exchange (BSE), the National Stock Exchange (BSE) and the Securities and Exchange Board of India (SEBI) on the recent price manipulation by the former "big bull" Harshad Mehta.
Tisco rating downgraded
Crisil, a leading credit rating agency, has downgraded the rating of Tata Iron and Steel Company (Tisco). The downgrading follows the 60% fall in the net profit of Tisco in the first quarter of the current year due to the demand-recession in the steel sector.
Goa debt plan gets Crisil rating
The Credit Rating Information Services of India Ltd (Crisil) has assigned an "A-(SO)" rating to the Rs 100 crore infrastructure bond issue of the Government of Goa (GoG)-owned special purpose vehicle (SPV). The rating indicates adequate safety. The rating is based solely on the credit enhancement mechanism provided in the form of financial guarantees from the Goa government.
|
|
