Dena Bank revises rates: Dena Bank has revised its interest rates upwards on deposits of 15-29 days to 6 per cent on deposits up to Rs 15 lakh and 6.25 per cent on deposits of Rs 15 lakh to Rs 1 crore. Similarly, the interest rates on other maturity periods is as follows: 30-60 days 6 per cent, 6.25 per cent; 61-90 days 7 per cent, 7.25 per cent; 91-179 days 8 per cent, 8.5 per cent; 180 days-one year 9 per cent, 9.5 per cent; one-two years 10 per cent, 10.5 per cent; two-three years 11per cent, 11.25 per cent; three years and above 11.5 per cent, 11.75 per cent. The bank also offers attractive interest rates on deposits above Rs 1 crore.

Crisil reaffirms Tata Investment rating: Crisil has reaffirmed the triple-A rating assigned to the fixed deposit programme of Tata Investment Corporation Ltd. The rating reflects the strength the company derives from its ownership by various Tata companies and its strategic position on account of its holdings in Tata companies. The rating factors in the company's strong financial position and the high market value of the company's investment portfolio despite the decline in share prices of some of the Tata securities held by it.

Icra downgrades Gujarat Lease debt plans: Icra has downgraded Gujarat Lease Financing Ltd's fixed deposit programme to MA+ from MAA+, indicating adequate safety. The company's Rs 100 crore non-convertible debenture programme has been downgraded to LA from LAA, also indicating adequate safety. The downgrade takesinto account the decline in the financial position of the company.

RBI rejects Lucknow finance firm's registration: The RBI has rejected the application for certificate of registration submitted by Lucknow-based Sri Ram Global Financial Services. As per the RBI directive, the company cannot transact the business of a non-banking financial institution.

Crisil reaffirms Eternit Everest rating: Crisil has reaffirmed the P1+ rating assigned to the Rs 10 crore commercial paper programme of Eternit Everest Ltd. The rating reflects the company's strong market position, favourable capital structure, comfortable liquidity and parental support.

Bank of Punjab plans more branches: Bank of Punjab plans to open 16 more branches during the current fiscal. The bank inaugurated its 42nd branch in Delhi and proposes to open six more branches in the city by March 1999.

Icra assigns A1+ rating to Wipro debt plan: Icra has assigned an A1+ rating, indicating highest safety, to the Rs 100crore commercial paper programme of Wipro Ltd, indicating the highest safety. The rating factors in the high growth envisaged from its major division with steady contribution from other divisions, the healthy cash accruals and the financial flexibility that Wipro has in terms of its unutilised bank limits.

Crisil assigns P1+ rating to Hindustan Gums debt: Crisil has assigned a P1+ rating to the Rs 10 crore commercial paper programme of Hindustan Gums & Chemicals Ltd. The rating reflects the company's strong market position in guar gum derivatives business, advantages in technology sourcing and marketing of products through joint-venture linkages with Rhone Poulenc Inc. The comfortable working capital position and adequate capital structure of the company have also gone in its favour.

Three-day repos today: The RBI has announced three-day 8 per cent fixed-rate repos in Government of India dated securities on September 26 for parties holding SGL and current accounts with it at Mumbai.