CRISIL ratings for Indian debt instruments-Feb 12

Tue Feb 12, 2013 12:33pm IST

Feb 12 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of February 11, 2013.

COMPANY                                 INSTRUMENT            RATING       AMOUNT  MOVEMENT
                                                                          (RS.MLN)
------                                  ----------            ------       -----   ---------
SHORT TERM RATINGS:
-------------------
Alina Pvt Ltd                           LOC                   CRISIL A3    40      Reaffirmed
Alina Pvt Ltd                           BG                    CRISIL A3    10      Reaffirmed
Aquatech Systems (Asia) Pvt Ltd         BG                    CRISIL A2    1700#   Reaffirmed
# Includes sublimit of letter of credit of upto Rs.120 million
Aquatech Systems (Asia) Pvt Ltd         BG                    CRISIL A2    660$    Reaffirmed
$ Includes sublimit of letter of credit of upto Rs 250 million
Aquatech Systems (Asia) Pvt Ltd         Letter of Comfort     CRISIL A2    85      Reaffirmed
B.L Mehta Construction Pvt Ltd          BG                    CRISIL A4+   300     Reaffirmed
Baba Vishwakarma Engineering            BG*                   CRISIL A4+   30      Reaffirmed
Company Pvt Ltd
* Fully interchangeable with letter of credit facility
Baba Vishwakarma Engineering            WC Demand Loan        CRISIL A4+   15      Reaffirmed
Company Pvt Ltd
Balaji Imports Pvt Ltd                  LOC                   CRISIL A4    50      Suspended
Bharat Oman Refineries Ltd              Proposed ST Bk        CRISIL A1    15000   Downgraded
                                        Loan Fac                                   from CRISIL
                                                                                   A1+
Celebi Ground Handling Delhi Pvt Ltd    BG                    CRISIL A4+   600     Reaffirmed
CISC-CMAT (JV)                          BG                    CRISIL A4+   80      Suspended
CISC-CMAT UCC {JV}                      BG                    CRISIL A4+   54      Suspended
Cotmac Industrial Trading Pvt Ltd       BG                    CRISIL A4+   3       Assigned
Cotmac Industrial Trading Pvt Ltd       LOC                   CRISIL A4+   20      Assigned
Divya Jewellers Pvt Ltd                 LOC                   CRISIL A2+   60      Reaffirmed
Divya Jewellers Pvt Ltd                 Packing Credit        CRISIL A2+   40      Reaffirmed
FPC Petro Energy Pvt Ltd                LOC                   CRISIL A4    30      Reaffirmed
G.K. Sales Corporation                  BG                    CRISIL A4    10      Assigned
GE Money Housing Finance                ST Debt Programme     CRISIL A1+   7000    Assigned
Goel & Associates                       BG                    CRISIL A4    30      Reaffirmed
Hasimara Industries Ltd                 BG                    CRISIL A4+   4       Reaffirmed
Heritage Beverages Pvt Ltd              LOC & BG              CRISIL A4+   15      Reaffirmed
Jama Corporation Pvt Ltd                Bill Purchase -       CRISIL A3+   380     Upgraded
                                        Discounting                                from
                                                                                   CRISIL A3
Jama Corporation Pvt Ltd                Packing Credit        CRISIL A3+   75      Upgraded
                                                                                   from CRISIL
                                                                                   A3
Magma Fincorp Ltd                       ST debt               CRISIL A1+   1000    Assigned
Marque Impex                            Foreign Bill          CRISIL A4    30      Assigned
                                        Purchase
Marque Impex                            Packing Credit        CRISIL A4    120     Assigned
NKG Infrastructure Ltd                  BG^                   CRISIL A1    10500   Reaffirmed
^ Interchangeable with Letter of Credit upto Rs.500 million, with a maximum of Rs.1000 million
NKG Infrastructure Ltd                  BG                    CRISIL A1    500     Reaffirmed
Novelty Reddy and Reddy Motors Pvt      BG                    CRISIL A4    15      Reaffirmed
Ltd
Overseas Health Care Pvt Ltd            LOC                   CRISIL A4+   10      Reaffirmed
Premier Fine Linens Pvt Ltd             Foreign Bill          CRISIL A1+   100     Reaffirmed
                                        Purchase
Premier Fine Linens Pvt Ltd             Letter of Credit &    CRISIL A1+   37.5    Reaffirmed
                                        BG
Premier Fine Linens Pvt Ltd             Packing Credit        CRISIL A1+   450     Reaffirmed
Print Point India Pvt Ltd               BG                    CRISIL A4+   25.8    Assigned
Reddy and Reddy Imports and Exports     LOC                   CRISIL A4    5       Reaffirmed
Reddy and Reddy Imports and Exports     BG                    CRISIL A4    10      Reaffirmed
Renny Strips Pvt Ltd                    BG                    CRISIL A4+   20      Reaffirmed
Renny Strips Pvt Ltd                    LOC                   CRISIL A4+   40      Reaffirmed
Satyadeeptha Pharmaceuticals Ltd        LOC                   CRISIL A4    27.5    Suspended
SEC Infratech Pvt Ltd                   BG                    CRISIL A4    120     Suspended
Senco Gold Ltd                          BG^                   CRISIL A2    680     Reaffirmed
^Fully Interchangeable with Stand by letter of Credit
Shah Tiles Pvt Ltd                      LOC                   CRISIL A4    5       Assigned
Shah Tiles Pvt Ltd                      BG                    CRISIL A4    11      Assigned
Shiva Metalloys International Ltd       LOC                   CRISIL A4    100     Reaffirmed
Shree Paras Nath Overseas Pvt Ltd       LOC                   CRISIL A4    50      Downgraded
                                                                                   from CRISIL
                                                                                   A4+
SKR Constructions                       BG                    CRISIL A4    100     Assigned
SLS Exports Pvt Ltd                     Bill Discounting      CRISIL A4+   140     Reaffirmed
SLS Exports Pvt Ltd                     Packing Credit        CRISIL A4+   70      Reaffirmed
Stanzen Engineering Pvt Ltd             BG                    CRISIL A4    2       Reaffirmed
Sudama Export Pvt Ltd                   Packing Credit *      CRISIL A4    126     Reaffirmed
*Includes Sublimit of Free on Board Letter of Credit of Rs.100 million
Sudama Export Pvt Ltd                   Standby Line of       CRISIL A4    30      Reaffirmed
                                        Credit
Tirth Agro Technology Pvt Ltd           BG*                   CRISIL A3    30      Assigned
*Includes a sub limit of Rs.40 million for inland/foreign letter of credit and bank guarantee
U.P. Twiga Fiberglass Ltd               BG                    CRISIL A1    10      Reaffirmed
U.P. Twiga Fiberglass Ltd               LOC                   CRISIL A1    45      Reaffirmed
Ultimate Fashion Maker Ltd              Bill Purchase -       CRISIL A4    25      Reaffirmed
                                        Discounting Fac
Ultimate Fashion Maker Ltd              LOC and BG            CRISIL A4    10      Reaffirmed
Ultimate Fashion Maker Ltd              Packing Credit        CRISIL A4    75      Reaffirmed
United Foods Pvt Ltd                    Packing Credit        CRISIL A4+   210     Assigned

Universal Technocast                    BG                    CRISIL A4+   1.8     Assigned
Vallabhaneni Constructions Pvt Ltd      BG                    CRISIL A4+   50      Suspended
Vardhman Textiles Ltd                   Foreign Bill          CRISIL A1+   2500    Assigned
                                        Purchase
Vardhman Textiles Ltd                   LOC & BG#             CRISIL A1+   2000    Assigned
# Letter of credit and bank guarantee limits are interchangeable
Vibrant Dehydro Foods Pvt Ltd           Bill Purchase -       CRISIL A4    20      Assigned
                                        Discounting Fac
LONG TERM RATINGS:
-------------------
A to Z Builders & Developers            TL                    CRISIL B+    170     Assigned
Aaditya Paptech Pvt Ltd                 Proposed LT Bk        CRISIL B     530     Assigned
                                        Loan Fac
Alina Pvt Ltd                           CC                    CRISIL BBB-  180     Reaffirmed
Alina Pvt Ltd                           Standby Line of       CRISIL BBB-  46      Reaffirmed
                                        Credit
Anantha Refinery Pvt Ltd                CC                    CRISIL BB-   80      Reaffirmed
Anuraj sugars Ltd                       WC Demand Loan        CRISIL B     95      Assigned
Aquatech Systems (Asia) Pvt Ltd         CC                    CRISIL BBB+  240*    Reaffirmed
*Fully interchangeable with foreign bill purchase/foreign bill discounting and export packing
credit
Aquatech Systems (Asia) Pvt Ltd         LT Loan               CRISIL BBB+  155     Reaffirmed
Aquatech Systems (Asia) Pvt Ltd         WC TL                 CRISIL BBB+  100     Reaffirmed
ATC Beverages Pvt Ltd                   CC                    CRISIL D     10      Suspended
ATC Beverages Pvt Ltd                   TL                    CRISIL D     150     Suspended
Avenues Pharmaceuticals Associates      CC                    CRISIL BB+   225     Reaffirmed
B.L Mehta Construction Pvt Ltd          CC                    CRISIL BB-   120     Downgraded
                                                                                   from CRISIL
                                                                                   BB
B.L Mehta Construction Pvt Ltd          Proposed LT Bk        CRISIL BB-   3.5     Downgraded
                                        Loan Fac                                   from CRISIL
                                                                                   BB
Baba Vishwakarma Engineering            CC                    CRISIL BB-   65      Downgraded
Company Pvt Ltd                                                                    from CRISIL
                                                                                   BB
Baba Vishwakarma Engineering            Medium TL             CRISIL BB-   1.9     Downgraded
Company Pvt Ltd                                                                    from CRISIL
                                                                                   BB
Balaji Imports Pvt Ltd                  CC                    CRISIL B     140     Suspended
Bharat Oman Refineries Ltd              Proposed LT Bk        CRISIL A+    85000   Downgraded
                                        Loan Fac                                   from CRISIL
                                                                                   AA-
Bharat Oman Refineries Ltd              Proposed TL           CRISIL A+    2970    Downgraded
                                                                                   from CRISIL
                                                                                   AA-
Bharat Oman Refineries Ltd              TL                    CRISIL A+    60900   Downgraded
                                                                                   from CRISIL
                                                                                   AA-
Celebi Ground Handling Delhi Pvt Ltd    TL                    CRISIL BB    750     Reaffirmed
CISC-CMAT (JV)                          CC                    CRISIL BB-   50      Suspended
CISC-CMAT UCC {JV}                      CC                    CRISIL BB-   70      Suspended
Classic Promoters and Builders Pvt      Proposed TL           CRISIL B     50      Reaffirmed
Ltd
Classic Promoters and Builders Pvt      TL                    CRISIL B     500     Reaffirmed
Ltd
Cotmac Industrial Trading Pvt Ltd       CC                    CRISIL BB-   68      Assigned
Cotmac Industrial Trading Pvt Ltd       Proposed LT Bk        CRISIL BB-   3       Assigned
                                        Loan Fac
Delhi Diamonds Pvt Ltd                  CC                    CRISIL B+    250     Suspended
Eagle Infra Projects (India) Ltd        Proposed LT Bk        CRISIL BBB+  143     Assigned
                                        Loan Fac              (SO)
Eagle Infra Projects (India) Ltd        TL                    CRISIL BBB+  227     Assigned
                                                              (SO)
FPC Petro Energy Pvt Ltd                CC                    CRISIL B+    7.5     Reaffirmed
FPC Petro Energy Pvt Ltd                Proposed CC Limit     CRISIL B+    12.5    Reaffirmed
G.K. Sales Corporation                  CC                    CRISIL B+    50      Reaffirmed
G.K. Sales Corporation                  Proposed LT Bk        CRISIL B+    30      Reaffirmed
                                        Loan Fac
Gangol Sahkari Dugdh Utpadak Sangh      CC                    CRISIL BB-   110     Reaffirmed
Ltd 
Goel & Associates                       CC                    CRISIL B     38      Reaffirmed
Goel & Associates                       Proposed LT Bk        CRISIL B     12      Reaffirmed
                                        Loan Fac
Hasimara Industries Ltd                 CC                    CRISIL BB    62.5    Reaffirmed
Hasimara Industries Ltd                 Proposed LT Bk        CRISIL BB    11.2    Reaffirmed
                                        Loan Fac
Hasimara Industries Ltd                 TL                    CRISIL BB    22.2    Reaffirmed
Heritage Beverages Pvt Ltd              CC                    CRISIL BB+   120     Reaffirmed
Heritage Beverages Pvt Ltd              Standby LOC           CRISIL BB+   18      Reaffirmed
Heritage Beverages Pvt Ltd              TL                    CRISIL BB+   46      Reaffirmed
Inventia Healthcare Pvt Ltd             CC**                  CRISIL BBB+  200     Reaffirmed
**Cash credit limit of Rs.200 Mn fully interchangeable with Preshipment Credit in Foreign
Currency , Working Capital Demand Loan, Export Packing Credit and Foreign Currency Non-Resident;
interchangeable with bills discounting to the extent of Rs.50 Mn and interchangeable with Letter
of credit and Bank Guarantee to the extent of Rs.50 Mn
Inventia Healthcare Pvt Ltd             LT Loan               CRISIL BBB+  203     Downgraded
                                                                                   from CRISIL
                                                                                   BB
J.K.J. & Sons Endeavour Pvt Ltd         CC                    CRISIL BB-   100     Reaffirmed
Jama Corporation Pvt Ltd                Rupee TL              CRISIL BBB   67.8    Upgraded
                                                                                   from CRISIL
                                                                                   BBB-
Jaya Projects Ltd                       CC                    CRISIL D     100     Suspended
Mandovi Minerals Pvt Ltd                CC                    CRISIL B-    20      Reaffirmed
Mandovi Minerals Pvt Ltd                LT Loan               CRISIL B-    150     Reaffirmed
Mascot Motors Pvt Ltd                   Proposed LT Bk        CRISIL BB-   13.5    Assigned
                                        Loan Fac
Mascot Motors Pvt Ltd                   CC                    CRISIL BB-   57.5    Assigned
Mascot Motors Pvt Ltd                   Inventory Funding     CRISIL BB-   15.5    Assigned
                                        Fac
Mittapalli Audhinarayana                Open CC               CRISIL B+    300     Reaffirmed
Enterprises Pvt Ltd 
NKG Infrastructure Ltd                  CC                    CRISIL A     2800    Reaffirmed
NKG Infrastructure Ltd                  LT Loan*              CRISIL A     680     Reaffirmed
* Rupee equivalent of EUR 9.9 million of External Commercial Borrowing
NKG Infrastructure Ltd                  LT Loan#              CRISIL A     400     Reaffirmed
# Includes sub limit of Rs.400 million of Letter of Credit
NKG Infrastructure Ltd                  Proposed CC Fac       CRISIL A     120     Reaffirmed
Novelty Reddy and Reddy Motors Pvt      CC                    CRISIL B+    80      Reaffirmed
Ltd
Novelty Reddy and Reddy Motors Pvt      Proposed CC Limit     CRISIL B+    15      Reaffirmed
Ltd
Omni Auto Ltd                           TL                    CRISIL D     262.8   Assigned
Omni Auto Ltd                           Proposed LT Bk        CRISIL D     2       Assigned
                                        Loan Fac
Omni Auto Ltd                           CC                    CRISIL D     189     Assigned
Omni Auto Ltd                           LOC                   CRISIL D     50      Assigned
Overseas Health Care Pvt Ltd            CC                    CRISIL BB    140     Reaffirmed
Overseas Health Care Pvt Ltd            Standby Line of       CRISIL BB    15      Reaffirmed
                                        Credit
Overseas Health Care Pvt Ltd            Proposed LT Bk        CRISIL BB    29      Reaffirmed
                                        Loan Fac
Overseas Health Care Pvt Ltd            TL                    CRISIL BB    6       Reaffirmed
Parag Milk Foods Pvt Ltd                CC*                   CRISIL BB+   1100    Assigned
*interchangeable with packing credit
Parag Milk Foods Pvt Ltd                Foreign Currency TL   CRISIL BB+   290     Assigned
Parag Milk Foods Pvt Ltd                Proposed LT Bk        CRISIL BB+   1756    Assigned
                                        Loan Fac
Parag Milk Foods Pvt Ltd                TL                    CRISIL BB+   554     Assigned
Premier Fine Linens Pvt Ltd             LT Loan               CRISIL AA-   809.4   Upgraded
                                                                                   from CRISIL
                                                                                   A+
Print Point India Pvt Ltd               LT Loan               CRISIL BB-   83.5    Assigned
Print Point India Pvt Ltd               CC                    CRISIL BB-   15      Assigned
Priyadarshi Motors Pvt. Ltd.            CC                    CRISIL B-    100     Upgraded
                                                                                   from CRISIL
                                                                                   D
Reddy and Reddy Automobiles             CC                    CRISIL B     60      Reaffirmed
Reddy and Reddy Imports and Exports     CC                    CRISIL B     22.5    Reaffirmed
Reddy and Reddy Imports and Exports     Proposed LT Bk        CRISIL B     17.5    Reaffirmed
                                        Loan Fac
Renny Strips Pvt Ltd                    CC                    CRISIL BB-   120     Reaffirmed
Renny Strips Pvt Ltd                    TL                    CRISIL BB-   5.3     Reaffirmed
RMV Resort & Hotels Pvt Ltd             TL                    CRISIL D     195     Assigned
RMV Resort & Hotels Pvt Ltd             TL                    CRISIL D     55      Assigned
S P Minerals                            CC                    CRISIL B     165     Assigned
Satyadeeptha Pharmaceuticals Ltd        CC                    CRISIL B+    41.5    Suspended
Satyadeeptha Pharmaceuticals Ltd        LT Loan               CRISIL B+    43.5    Suspended
SEC Infratech Pvt Ltd                   Overdraft Fac         CRISIL B     40      Suspended
Senco Gold Ltd                          CC**                  CRISIL BBB+  510     Reaffirmed
**Fully Interchangeable with Gold Metal Loan
Shah Tiles Pvt Ltd                      Proposed LT Bk        CRISIL B     12.3    Assigned
                                        Loan Fac
Shah Tiles Pvt Ltd                      LT Loan               CRISIL B     96.7    Assigned
Shah Tiles Pvt Ltd                      CC                    CRISIL B     75      Assigned
Shiva Metalloys International Ltd       CC                    CRISIL B+    110     Reaffirmed
Shiva Metalloys International Ltd       LOC                   CRISIL B+    50*     Reaffirmed
* Rs.50Million Interchangeable with cash credit
Shivam Coke Pvt Ltd                     CC                    CRISIL B+    35      Assigned
Shree Paras Nath Overseas Pvt Ltd       CC                    CRISIL B+    100     Downgraded
                                                                                   from CRISIL
                                                                                   BB
SKR Constructions                       CC                    CRISIL B-    40      Assigned
Sree Guru Raghavendra Cotton            CC                    CRISIL D     56.4    Downgraded
Ginning & Pressing Factory                                                         from CRISIL
                                                                                   B+
Sree Guru Raghavendra Cotton            TL                    CRISIL D     15      Downgraded
Ginning & Pressing Factory                                                         from CRISIL
                                                                                   B+
Stanzen Engineering Pvt Ltd             CC                    CRISIL B     20      Reaffirmed
Stanzen Engineering Pvt Ltd             Proposed LT Bk        CRISIL B     4       Reaffirmed
                                        Loan Fac
Stanzen Engineering Pvt Ltd             TL                    CRISIL B     80      Reaffirmed
Sudama Export Pvt Ltd                   CC                    CRISIL B-    44      Assigned
Tarun Construction                      Proposed CC Limit     CRISIL B     80      Assigned
Tirth Agro Technology Pvt Ltd           TL^                   CRISIL BBB-  1030    Reaffirmed
^ Includes one-time foreign letter of credit for import of machinery of Rs.60 million
Tirth Agro Technology Pvt Ltd           CC                    CRISIL BBB-  650     Reaffirmed
U.P. Twiga Fiberglass Ltd               CC                    CRISIL A+    100     Reaffirmed
U.P. Twiga Fiberglass Ltd               Proposed LT Bk        CRISIL A+    133.9   Reaffirmed
                                        Loan Fac
U.P. Twiga Fiberglass Ltd               TL                    CRISIL A+    105.1   Reaffirmed
Ultimate Fashion Maker Ltd              LT Loan               CRISIL B+    25.6    Reaffirmed
United Foods Pvt Ltd                    TL                    CRISIL BB-   140     Assigned
United Foods Pvt Ltd                    CC                    CRISIL BB-   60      Assigned
Universal Technocast                    TL                    CRISIL BB    48.2    Assigned
Universal Technocast                    CC                    CRISIL BB    20      Assigned
Vallabhaneni Constructions Pvt Ltd      CC                    CRISIL BB+   20      Suspended
Vallabhaneni Constructions Pvt Ltd      Proposed LT Bk        CRISIL BB+   95      Suspended
                                        Loan Fac
Vardhman Textiles Ltd                   CC                    CRISIL AA    11500*  Assigned
* Includes Rs.12000 million sublimit for packing credit; previous limit included packing credit
of Rs.9200 million
Vardhman Textiles Ltd                   Proposed CC Limit     CRISIL AA    500*    Assigned
* Includes Rs.12000 million sublimit for packing credit; previous limit included packing credit
of Rs.9200 million
Vardhman Textiles Ltd                   Proposed Rupee TL     CRISIL AA    563.2   Assigned
Vardhman Textiles Ltd                   Rupee TL              CRISIL AA    37099.1 Assigned
Varuna Spinning Mills (P) Ltd           BG                    CRISIL D     6       Suspended
Varuna Spinning Mills (P) Ltd           CC                    CRISIL D     45      Suspended
Varuna Spinning Mills (P) Ltd           LOC                   CRISIL D     10      Suspended
Varuna Spinning Mills (P) Ltd           TL                    CRISIL D     60.4    Suspended
Vibrant Dehydro Foods Pvt Ltd           Packing Credit        CRISIL B+    40*     Assigned
* Interchangeable with cash Credit
--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

CRISIL may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at
rru.data@thomsonreuters.com)

Economic Pulse

REUTERS SHOWCASE

Nifty Above 8,600

Nifty Above 8,600

Nifty hits record high above 8,600; state-run lenders gain  Full Article 

Indian in Iraq

Indian in Iraq

India says no contact with 39 men held by Islamic State in Iraq.  Full Article 

Sahara Issue

Sahara Issue

Sahara looks to raise $650 million loan to fund bail.  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster.  Full Article 

Essar Group

Essar Group

Exclusive - Essar's planned oil-for-steel deal tests Iran sanctions  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Fiscal Deficit

Fiscal Deficit

April-October fiscal deficit nears 90 pct of full-year target  Full Article 

Oil Prices

Oil Prices

Oil hits new four-year low post OPEC as glut looms  Full Article 

Gold Imports

Gold Imports

India eases gold import rule in surprise move.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage