Wednesday, August 4, 1999
Moody's warns of worsening health of banks
Global credit rating firm Moody's has projected a bleak outlook for the Indian banking sector as it continued to be plagued by high level of non-performing assets and incomplete reforms.
EC grounds Air-India's divestment plan
The disinvestment of the government's 40% equity in the loss-making airliner, Air-India has been shelved till the next government swears in.
DCW hits out at Crisil against downgrading
DCW Ltd has strongly challenged the downward revision in its credit rating assigned by the Credit Rating Information Services of India Ltd (Crisil) saying that the company is in a position to meet its obligations on time.
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