visa to invest $25m in asia-pacific region
new delhi: credit cards company, visa international asia pacific, on friday announced $25 million investment programme to accelerate migration to emv standard smart cards.

the programme spread over a seven year period beginning 2002 will support a range of regional investment initiatives including training programmes for banks and vendors, a release said.

initial investment will be concentrated on countries which have started work on smart cards and those expressing concern over credit card fraud.

aaa rating for grasim industries ncds
mumbai: credit analysis and research ltd (care) reaffirmed the care aaa rating for the rs 1,745-crore non-convertible debentures (ncds) of grasim industries. care also reaffirmed pr1+ rating for grasims short-term debentures up to rs 350 crore for a maturity of up to one year. the ratings take into account the impact of grasims investment of rs 767 crore for acquisition of a 10 per cent equity stake in larsen & toubro (l&t).