Monday, June 7, 1999
BIFR declares ATV Projects sick
The Board for Industrial and Financial Reconstruction (BIFR) has declared ATV Projects a sick company and appointed Industrial Development Bank of India (IDBI) as operating agency for preparing the rehabilitation package for the company.
Petronet to ink SPA with Rasgas-Mobil
Petronet LNG is expecting to sign a supply purchase agreement (SPA) with international consortium Rasgas-Mobil for the shipment of 7.5 million tonnes of LNG annually for its two subsidiaries by the middle of June.
Business trend improving, says CII
Business sentiments are on the uptrend with a majority of corporates expecting a marked improvement in business environment in the first half of the current fiscal, according to a business outlook survey.
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