15-Year Pact To Market Ongc Gas

The RBI has set a cut-off price and implict yeold of Rs 99.68 and 8.37 per cent respectively, for the 14-day treasury bill. The implict yeild has been reduced from 8.63 per cent reviously. Of the 15 competitive bids received for Rs 304.50 crore, the RBI accepted only one bid for the notified amount of Rs. 100 crore.

ICRA has asigned an MAAA rating to the Rs 50-crore noncovertible debenture programmes of Gujarat Ambuja Cements Ltd. The rating indicates highest safety.

Icra has withdrawn the LA+ and MAA-ratings assigned to the bonds and fixed deposit programmes of Punjab State Industrial Development Corporation as the debt programmes were not issued by PSIDC.

Icra has downgraded the rating assigned to the fixed deposit programme of Kothari Orient Finance Ltd to MD indicating default from MC. The comapny defaulting on it's debt obligations and repayment of its FDs under a Company Law Board schedule.

Icra has downgraded the long term NCD/PCD rating of Pasupati Spinning and Weaving mills from LBB to LD indicating default. The expansion projects undertaken by PSWM faced excessive time and cost overruns and the additional funding requirements on account of these coupled with rising working capital requirements strained the company's liquidity position.