ICRA,CRISIL BATTLE IT OUT FOR NEW BUSINESS
Article Abstract:
A fierce competition is on between the two leading players in the Indian credit rating market-Investment Information and Credit Rating Agency (Icra) and Credit Rating Information Services of India (Crisil). The two majors are competing for new business. Icra's market share has moved up from 35.75 per cent in 1996-97 to 36.25 per cent in 1997-98. Crisil's market share has declined from 43.88 per cent in 1996-97 to 42.11 per cent in 1997-98. The resultant gap in market share between the two companies has fallen to 5.86 per cent in 1997-98 from 8.77 per cent in 1995-96. Standard and Poor's, the international credit rating agency has a 9.68 per cent stake in Crisil, while Moody's is acquiring 11 per cent in Icra. (uh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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PIDILITE INDUSTRIES
Article Abstract:
Pidilite Industries (PI) made a net profit of Rs7.40 crore on sales of Rs80.01 crore in the first quarter of 1998-99. Its return on net worth was 25.56 percent and the earning per share Rs22.59. Its debt-equity ratio was 0.36 in 1997-98. It has facilities to make synthetic resins and adhesives. It has windmills to generate 230 kw of electricity in Gujarat. PI has expanded the production capacity of its pigments plant from 840 tonnes to 1,020 tonnes. (rk)
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1998
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