Friday, June 11, 1999
Sebi curbs on rating of CRA promoters
The Securities and Exchange Board of India has imposed a total ban on the credit rating agencies to rate the instruments floated by their parent companies. A notification on the ban will be issued in a day or two, Sebi chairman D R Mehta said here today.
ICRA downgrades SAIL, Jindal Pipes rating
The investment Information and Credit Rating Agency (ICRA) has downgraded the rating of Steel Authority of India Ltd and Jindal Pipes Ltd (JPL).
India to get $ 2 bn Y2K business
India would earn cumulative export earnings of more than $ 2.3 billion in Y2K by end of 1999. Fresh projections of Y2K spending in India is estimated to be at over $ 400 million, president of NASSCOM Dewang Mehta said.
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