Thursday, September 10, 1998
ICRA assigns Triple A rating to Exim Bank
Rating agency, ICRA has assigned a Triple-A rating to the Rs 500 crore bond issue of Exim Bank. The rating indicates the highest safety and a fundamentally strong position.
Tata's backed out of airlines project on their own: Minister
Union Civil Aviation Minister Ananth Kumar has reportedly said that the Centre had not rejected the Tata Airlines project, but had only an open mind on the issue of foreign equity participation in the domestic aviation sector.
TRAI suggests major hikes in phone rentals
The Telecom Regulatory Authority of India (TRAI) today proposed a massive hike in rentals for telephones and local call charges while balancing this with a substantial reduction in the domestic long distance calls (STD calls) and international long distance calls (ISD calls).
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