Monday, May 17, 1999
SBI Caps paints gloomy picture
Fiscal 2000 is going to be a difficult year for banks unless the economy picks up and the business volume of the banks grow substantially, the SBI Caps said in its banking sector update.
GCL, US West plan $30 bn merger
Global Crossing, the upstart phone concern building fibre optic lines around the world, is in talks with US West Inc about a stock-for-stock merger valued at more than $30 billion, according to sources.
HDFC to raise Rs 500 crore via bonds
The Housing Development Finance Corporation is planning to mop up Rs 500 crore via bonds in the current fiscal as part of its resource mobilisation programme for the year.
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