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Monday, July 27, 1998

Maharashtra to snap Span Aviation links
The Maharashtra government has decided to sever links with the Pune-based Span Aviation for conducting operations in the state due to "poor performance and lack of availability of aircraft."

Major power projects in limbo over escrow norm
Major power projects across the country are facing an uncertain future as financial institutions have made it clear that they will not extend finance to those projects that fall outside the limited escrow capacities of respective state electricity boards.

Experts suggest CNG, LPG as alternative fuels for vehicles
Technical experts have suggested use of compressed natural gas (CNG), propane (LPG) and alcohol blends as alternative fuels for automobiles. They have also estimated that apart from these fuels being less hazardous, they are environment friendly, help in reducing the levels of pollutant emissions and are cost effective.


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Patel Roadways Limited


  Executive Briefing
  Automatic approval for foreign holding firms' downstream investments likely
  Task force on capital goods' industry planned to speed up project clearance
  Bid to appoint external agency an insult, says Nanjundappa
  Delhi's chief secretary launches fast-track scheme
  Nabard to disburse Textile Upgradation Fund
  SAARC members sore over poor SAPTA progress
  Depreciation on capital assets can now be claimed on straight-line method
  US sells uranium business
  Manufacturers thrive as authorities fail to improve status of salt workers
  Aluminium consumption on the rise
  World steel trade becomes more competitive
  Spirits haunt exporters in Maharashtra
  LPG supplies remain unaffected despite port damages in Gujarat
  A favourable monsoon makes farmers increase cotton sowing areas in Gujarat
  Trade fairs, a platform for interaction
  Inflation up to 136-week high, scales 8%
  30 state-run units in Bihar defunct
  Industrial growth set to slump further
  Rice traders set eyes on Indonesia to boost sales
  Handloom sector rings alarm bells for mills
  Housing policy silent on foreign investment
  Rising costs force paper makers to hike rates
  Nesting place for software companies
  Government steps in to boost IT small and medium business services
  Rainfall likely to intensify in Maharashtra
  Ratios suggest investment possibilities

ICRA: An independent investment information and credit rating agency


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