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Briefing
Citibank bags product innovation award
Mastercard International has awarded the best product innovation award to Citibank- India, for MasterCard Electronic, at the Marketing Awards during the recently concluded MasterCard Asia/Pacific 2000 Annual General Meeting in Kualalumpur, Malaysia. The card reduces the average waiting time for a credit card transaction for the customer.Icra rating for Ansal Housing
Credit rating agency ICRA has downgraded the fixed deposit program rating of Ansal Housing and Construction (AHCL) from MA to MA-. The revised rating though it indicates adequate safety, debt servicing may be affected by adverse changes in the business/economic conditions. The downgrade takes into account tight liquidity position of AHCL in the last few years resulting from a downturn in the real estate market and funding mismatches. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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