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Politics Business Expressions General Sports Leisure States 02 January, 1998   Commission accepts proposal on ISPs The Telecom Commission in a bid to further make internet services attractive has accepted the core group proposal to make the terms and conditions promotional and not to charge any licence fee from private operators for an enhanced five year period. The ISP licences are likely to be offered immediately on submission of applications from February, 1998 onwards.   ONGC in talks with global majors for Neelam project The Oil and Natural Gas Corporation (ONGC) has initiated negotiations with oil multinationals Slumburger and Halliburton Inc subsequent to a petroleum ministry suggestion that it explore a technical services agreement for the controversy-ridden upgradation plans of the Neelam oilfields. Revised estimates have put the production losses of the Neelam oilfields at a massive $5 billion. SAIL to set up marketing base in Dubai The Steel Authority of India (SAIL) is in the process of setting up a consignment agency in Dubai, as part of its plans to evolve a "consistent export strategy". The agency will essentially give SAIL access to an export yard for storing its materials. Kerala denies talks with Enron Corp Trouble is brewing up for Enron yet again with the Kerala power minister, Pinarayi Vijayan yesterday saying that the state government has not considered collaborating with it for setting up of the Kannur power project. In a release, the minister said the Union government had agreed to give fuel linkage to K P P Nambiar and Associates.   CARE rates MSRDC bonds Maharastra State Road Development Corporation (MSRDC) will come out with a Rs 1,000 crore bond issue to finance the Mumbai-Pune Express Highway and construction of 46 flyovers in Maharastra. Rating agency, CARE (Credit Analysis and Research) has assigned a CARE `AA (SO) (double A structured obligation) rating to the proposed bond issue upto Rs 1,000 crore. Hindujas to cut truck output by 25% Truck maker Ashok Leyland has decided to cut production down by 25% in the current fiscal due to sagging demand and slowdown in the economy. The group has also decided against making an entry into the passenger car market.     KSIDC airline JV with Span unlikely   SAIL to set up marketing base in Dubai   Sensex gains 36 points   CD ratio of Indian banks dip by 4%   CARE rates MSRDC bonds   Bizbits   ONGC in talks with global majors for Neelam project   Hindujas to cut truck output by 25%   Kerala denies talks with Enron Corp   SEBI asks JSE to go on-line or face derecognition   Ashok Leyland downgraded