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Monday, September 28, 1998

UK consultant kicks off ONGC Bombay High midlife review
The Oil & Natural Gas Corporation (ONGC) has embarked upon a marathon mid-life review of the Bombay High field. Helping the corporation in this effort are UK-based consultants Gaffney, Cline & Associates (GCA), working hand-in-hand with the ONGC team. In barely a week from now, 20 key personnel of the corporation will be divided into four different teams and begin an endeavour unique in ONGC's history.

HPCL, East India Petroleum in talks for tap-off arrangements
Hindustan Petroleum Corporation Limited (HPCL) plans tap-off arrangements for parallel marketeers of LPG (liquefied petroleum gas) from its augmented import facilities at Visakhapatnam. Negotiations have begun already with East India Petroleum, a joint venture between Dutch multinational SHV and an Indian partnership firm called KAVAY.

VSNL mulls Rs 15-crore relaunch of Net services
The state-owned Videsh Sanchar Nigam is planning a major relaunch if its Internet services, for the first time since it began services on August 15, 1995. The relaunch, estimated at Rs 15 crore, will take place towards the end of the year. VSNL, at present, the country's sole internet service provider, will offer a host of new services to its subscribers such as domestic and international roaming facility, on-line registration, migration and renewal of accounts and virtual domain services.


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  Cigna calls off insurance foray with Ranbaxy; signs up IL&FS, Parvinder
  HLL plans sharp counter-attack against Sebi in HC today
  Mercedes Benz may trim roster, to close down Chennai office
  Winter of discontent at Nabard over chief selection
  Baroda Rayon told to sell assets to pay ICICI dues
  Somaiya plea in consultation with Sebi, contends Lever
  Sidbi to give VC for software
  Ashton begins diamond production in Angola
  Saudi firm to set up polypropylene unit
  GIC clinches cheaper re-insurance deal for Indian Airlines
  Rebecca Mark to head Enron's new water business
  Hindujas plan firm to provide gateway services
  Readymoney Shopping promoter lands behind bars
  Pramod Mittal's Bahrain plan stalled as investment banks refuse funds
  BHEL, Lurgi left behind in race for HPCL project
  UB group set to sell Tumkur chemicals unit
  Thomson set to ease out venture ally
  Corporate Breifing


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