Online edition of India's National Newspaper
Saturday, September 21, 2002
Online edition of India's National Newspaper Saturday, September 21, 2002 |
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`S&P's downgrade unjustified' MUMBAI, SEPT. 20.The Standard & Poor's (S&P) downgrading of local currency rating from investment grade to junk will have an initial adverse impact on markets, said M. R. Madhavan, senior research analyst, Bank of America. He said bond yields ... No macroeconomic rationale — CII NEW DELHI, SEPT. 20.Different trade and industry bodies have strongly criticised S&P for downgrading of rupee rating from investment grade to junk. In a sharp reaction, Ashok Soota, President of the Confederation of Indian Industry, along with ... ONGC still keen on HPCL-BPCL NEW DELHI, SEPT. 20. The Oil and Natural Gas Corporation (ONGC) today hinted that it had not given up its efforts to take a controlling stake in the two oil companies which have their disinvestment deferred — Hindustan Petroleum Corporation ... Sensex recoups part of early losses MUMBAI, SEPT. 20. Fresh buying in technology counters at lower levels helped the Sensex to wipe out major part of early losses on the Bombay Stock Exchange, registering a 31 point recovery from the day's low level, but the closing of 3024.35 was ... Other Stories
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