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Corporate Economy Expressions Markets Leisure 27 February 1998   ICICI to offer market-making facility for Safety Bonds The Industrial Credit and Investment Corporation of India (ICICI) will offer market-making facility to its forthcoming Rs 400 crore Safety Bonds issue. This will provide liquidity for the bonds in the secondary market once it is listed on the stock exchanges.   Italian company bags Rs 280cr Indian Oil contract Tecnimont Spa of Italy has been given a Rs 280-crore contract by the Indian Oil Corporation to install a 1.2 million tonne per year diesel hydro desulphurisation unit (DHDS) at their Haldia refinery. Tecnimont is an engineering consultancy owned by the Montedison group of Italy. HMT in tie-up talks with Yamazaki Mazak for cutting tools foray Machine tools giant HMT is in touch with world's number one MT manufacturer Yamazaki Mazak to enter into a possible alliance to manufacture the latter's machine cutting tools under a buy-back arrangement. HMT officials are tight-lipped till something concrete materialises. Tata Electric may bag Indal power project Indian Aluminium, which is planning a major expansion at its smelter at Hirakud, Orissa, is close to giving the final mandate for the captive power plant to the Tata Electric Companies (TEC). The company's plans to solve the power problems at its 73,000 tonne smelter in Belgaum has, however, received a jolt with the government's new liquid fuel policy, putting a halt to all naphtha-fired power projects in the country.   SAIL mulls strategy to hike sales by 19% The Steel Authority of India Ltd (SAIL) has chalked out a strategy to increase domestic sales by 19%, exports by 43% and production by eight per cent in terms of tonnage during 1998-99. Further, it intends to take up most of the annual capital repairs and equipment upkeep during the April-June period, breaking with the usual practice of spreading the work round the year. Open offer halts Indal paperless-scrip drive The controversy surrounding Sterlite Industries' open offer for a 20% stake in Indian Aluminium Company (Indal) has cast its shadow on the latter's dematerialisation drive. Indal has decided to stall its move to offer investors a dematerialisation option for the time being.   CORPORATE Shell Singapore eyes power, splitter projects Praxair to acquire Asiatic TN unit ECONOMY Industry faces import threat: SBI Caps Economists approve China's special bond-issue scheme EXPRESSIONS Dilemmas of exchange-rate management Trai puts DoT on the mat MARKETS Asia-Pacific markets rise; Hang Seng up 338 points Restructuring rakes in moolah for Pentafour LEISURE Time to train for a calling Informed consent by patient desirable alt="Bottom banner spot" border="0">