The Financial Express -- Economy

Saturday, May 10 1997

Rating firms see phenomenal pick-up in business

It's boom time for the Indian credit rating agencies. Unbelievable but true, the volume of business handled by credit rating agencies in the last three weeks following the announcement of the monetary and credit policy for the first half of 1997-98 could match that of the entire 1996-97.

Infrastructure Bond Issue

Govt placements likely to outpace public issues of bonds

With the drastic fall in interest rates post-credit policy, cost of funds have come into play again and, consequently, issuers are opting for private placements rather than taking the expensive public issue route. With banks and financial institutions flush with funds, issuers are also no longer willing to lure retail investors for funds.

Beware of the debt cult

With investors shying away from equities, we are gradually witnessing the emergence of a debt market. A host of companies have already started raising fund through debt. The real problem the industry face is that of productivity and a weak infrastructure.

Chidambaram warns tax evaders of prosecution

Sonia may leave Congress divided: Mahajan

Sharp gains in bullion; sugar slumps on weak demand

Reserve Bank fixes coupon on 5-year paper at 12.69%

`Boinanza' for Bank of India employees

MARKET ROUND-UP -- call rates crashed

NZ dollar ends strong at US $0.6880

Deadline for NBFCs on net owned funds relaxed