Firms take to FCDs as institutions tighten lending norms for greenfield projects
Fully convertible debentures (FCDs) are fast turning out to be the most preferred capital market instrument for Indian corporates venturing into greenfield projects.

Icra to reaffirm SAIL ratings despite Crisil downgrade
Rating agency Icra has decided to reaffirm the existing ratings assigned to the debt programmes of Steel Authority of India Ltd (SAIL). This is despite the recent Credit Rating Information Services Ltd (Crisil) downgrade of the steel major's ratings from investment to speculative grade.

Three initial public offers to hit market today
For the first time in recent years, four IPOs are hitting the capital market simultaneously. Though this does not in itself suggest an IPO boom, promoters are prepared to come out with their floats irrespective of competing issues.

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  MMTC plans for futures trading in commodity
  Move to restore coloured gemstone trading
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  Kochi pepper stays firm
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