Sunday, September 6, 1998
Indian Oil, ONGC-Videsh to open offices in Baghdad
National oil companies Indian Oil Corporation (IOC), ONGC-Videsh and the oil industry's builder, Engineers India Limited (EIL), plan to open offices in Baghdad, as the first step to a long-term relationship.
Crisil move to downgrade Tisco bonds unmasks "jinx" in rating firms' armour
The recent downgrade of credit ratings of the secured debentures and bonds of Tata Steel from second notch `AAA' to fourth notch `AA+' by the country's premier credit rating agency, Crisil, has stirred a hornet's nest.
Chennai port crew strike may force MRL to shut down Manali refinery
Madras Refineries Ltd (MRL) will be forced to shut down its new refinery at Manali if the on going tussle between the Chennai Port Trust officials and the striking mooring crew is not resolved in a couple of days. The company has already reduced throughput to 60%.
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