Reserve Bank set to delink rating from deposits
Good days seem to be around the corner for crippled non-banking finance companies (NBFCs). Pushed by Union finance minister Yashwant Sinha, the Reserve Bank of India appears all set to delink credit rating from the amount of public deposits an NBFC is allowed to accept.

NSE puts retail debt segment plan on hold
The National Stock Exchange (NSE) has put its retail debt segment plan on the backburner. The entire focus of the exchange has now shifted towards tackling the "millenium bug" or Y2K problem for which the exchange has set a deadline of January, 1999.

Numaligarh Refinery chalks out blueprint for Rs 350-crore issue
The Rs 2,600-crore Numaligarh Refinery (NRL) plans to float a public issue of around Rs 350 crore in February 1999. The lead managers for the offering, which will be at par (Rs 10 per share), are believed to be SBI Caps, I-Sec and JM Financial.

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