Foreign credit info cos may look at India entry after FDI nod

The decision to allow foreign investment in credit information companies could not have come at a better time. The ongoing credit crunch in mature markets due to the unfolding subprime crisis has made it more attractive for credit information companies to enter emerging markets such as India. Banks can have greater information on all categories of borrowers. With banks tightening lending standards globally, credit-stressed borrowers will see an impact on their credit scores.

The Economic Times
http://economictimes.indiatimes.com/Economy/
Foreign_credit_info_cos_eye_India_entry/
articleshow/2750130.cms

India Inc sells record shares in '07

Indian Companies sold shares worth a record 451.37 billion rupees in 2007 through public issues, with real estate Companies dominating the initial public offer (IPOs) route, a primary market monitoring firm said on Wednesday. The amount raised in 2007 was 83 per cent higher than last year's mobilisation of 246.79 billion rupees, Prime Database said in a statement.

The Financial Express
http://www.financialexpress.com/news/
India-Inc-sells-record-shares-in-07/254448/