Friday, November 27, 1998
S&P revises IDBI, ICICI outlook
Global credit rating agency Standard & Poor's (S&P) has revised its outlook on three Indian financial institutions - Industrial Development Bank of India (IDBI), ICICI and Bank of Baroda - to negative from stable.
Exxon in talks to acquire Mobil Corp
Exxon Corp, the world's largest energy company, is in talks to acquire rival Mobil Corp, the second largest US oil company, in a stock transaction, sources familiar with the deal said.
DoT cuts rates to fight ISPs
The Department of Telecommunications (DoT), which operates the VSNL Internet services, has picked up the gauntlet thrown by Satyam Infoway, the country's first private Internet service provider (ISP), to take the competition to the latter's doorstep by lowering charges.
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