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India Inc is rushing to credit-rating agencies to get themselves rated before embarking on raising funds through modes such as bank finance, commercial paper and debt, among others.

 
 
For the half-year-ended September 30, Tata Steel said it sold 6 per cent more steel products, at 3.06 Mt, against the 2.87 Mt in the year-ago period.
The credit-rating agency has revised the outlook for the steel major and its UK unit from 'negative' to 'stable' on account of increased liquidity.
The company made a stellar debut on the bourses on Wednesday, opening 21 per cent higher, at Rs 213, on the Bombay Stock Exchange.
The international fast-food giant is looking to set up about 40 outlets this financial year, adding to the existing 188 across the country.
The company, at its extraordinary general meeting held on Saturday, approved issuing five crore shares at a likely price of Rs 85 a share, a filing to the BSE said.
Mahindra Satyam chairman Vineet Nayyar said the merger remains high on the management's priority and the process can start only when the firm's accounts are up to date.
 
 
The state-run steel major achieved sales of 3.17 million tonnes in the July-September quarter, on account of increased orders by the manufacturing sector.

A virtual office an office space in all external respects, but with no room for real-life people. It is rented by businesses to maintain a recognised city-centre image.
Raju has been appearing before the CBI after he was discharged from Nizam Institute of Medical Sciences last Saturday, where he was undergoing treatment.
The chairman of Reliance ADAG announces whopping investments worth Rs 1.25 lakh crore for Reliance Power, Reliance Capital and Reliance Communications.
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