Date:21/02/2008 URL: http://www.thehindu.com/2008/02/21/stories/2008022155801900.htm

Business - Briefly

FIPB nod for S&P subsidiary in India

MUMBAI: Standard & Poor’s (S&P) on Wednesday got approval from the Foreign Investment Promotion Board to set up a wholly owned subsidiary in India to carry out its business in South Asia. It will provide cross-border credit ratings, index services, investment research services and S&P global data and information products to markets in South Asia.