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Govt contests S&P line — `Downgrade poses no problem'
THE Government has written to the credit rating agency, Standard and Poor's on Friday contesting the assumptions made by it for downgrading India's local currency debt to `junk' status. S&P had cited concerns of mounting domestic debt and ...
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Markets shrug off downgrade
PERHAPS, the rating agency Standard and Poor's (S&P) chose the wrong day to downgrade India. On a day when Mumbai, the country's financial capital, was paying obeisance to the elephant-headed Ganesha - the God who removes all obstacles - ...
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February 28 deadline set for Coca-Cola disinvestment
THE Government has granted an extension of six months to Coca-Cola for fulfilment and completion of its disinvestment exercise in the Indian subsidiary, Hindustan Coca-Cola Beverages Pvt Ltd. The company, which was supposed to disinvest 49 per ...
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Hyundai pulls the plug on IPO plan
THE current bear phase in the stock markets marked by extreme volatility and unpredictability has claimed what probably could be one of the first casualties in the initial public offering (IPO) market. Hyundai Motor India Ltd (HMIL), the ...
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States' debt swap target to be lowered
THE Centre is set to scale down its proposal of allowing States to retire high-cost debt of Rs 25,000 crore for the current fiscal by at least Rs 5,000 crore. A reduction in the quantum of debt-swap to Rs 20,000 crore seems imminent now in the ...
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Vorin, Medicorp, Matrix boards okay merger plan
THE boards of Vorin Laboratories Ltd (VLL), Medicorp Technologies India Ltd (MTIL) and Matrix Laboratories Ltd (MLL), have approved the proposal to merge into a single entity - Matrix Labs. As per the scheme of amalgamation, Matrix would ...
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Sprite to storm college campuses
DO you remember your first day in college? If not, Sprite is here to do the needful. The `taste gyan' of Sprite - Coca-Cola India's clear lime beverage - seems set to flex its muscles. The soft drinks major - in association with ...
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