Sunday, June 6, 1999
IFCI move to underwrite rights issue
Industrial Finance Corporation of India has started negotiations with private banks for offering the unsubscribed portion of its proposed rights issue slated to hit the markets by mid-August.
Crisil concern over IDBI, ICICI asset quality
Close on the heels of the recent downgrading of IFCI's long-term debt rating by ICRA, another credit rating agency -- Crisil -- has expressed its concern over the asset quality and its consequent impact on the long-term instruments floated by leading financial institutions ICICI and IDBI.
Rs 1,000 cr to be infused into AI
The civil aviation ministry will recommend to the Union Government to infuse equity to the tune of Rs 1,000 crore to help Air India turn around and to upgrade its fleet, Union civil aviation minister Ananth Kumar said yesterday.
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