Monday, September 6, 1999
ICICI alters amortisation of JVSL
ICICI Ltd, one of the financial institutions having sizable exposure to Jindal Vijayanagar Steel Ltd (JVSL), has agreed to change the period of amortisation for the troubled steel project.
Inflation rises to 1.67%
The inflation rate moved up by 0.11 percentage points to 1.67 per cent for the week-ended August 21, following a sharp rise in prices of edible oil and fuel.
IDBI opts for MIBOR linked instruments
In a strategic move on the liability front, Industrial Development Bank of India (IDBI) has decided to raise Rs 500 crore through Mumbai Interbank Offered Rate (MIBOR) linked bonds to meet its short-term fund requirements.
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