NBFCs in speculative grade refuse to cooperate with rating agencies
Non-banking finance companies (NBFCs) are no more a nightmare for the RBI, but a few are still around to provide nuisance value. This time around, NBFCs in the speculative rating grade are outrightly refusing to cooperate with rating agencies.

Indian Hotels net rises 4% to Rs 18.58 crore in Q2
Indian Hotels has posted a 4% increase in net profit to Rs 18.58 crore for the quarter ended September 2000 as compared to Rs 17.82 crore for the corresponding quarter in the previous year.

Indian economy is slowing down -- Fitch Ratings
FRI on Thursday warned against the slowing down of the Indian economy as is evident from lower capital formation, inadequate credit expansion and a low tax base. "The economy is suffering from inadequate capital formation, which is imperative for future growth,".


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