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Friday, December 18, 1998

NTPC, ONGC mull joint venture for LNG power foray
National Thermal Power Corporation (NTPC) and ONGC have decided to form a private sector company for the joint execution of LNG-based power projects.

Vikram Thapar passes Bilt Paper baton to Gautam; Karan heads Crompton Greaves
The restructuring in the Thapar group is being formalised with Vikram Thapar stepping down from Bilt Paper, Karan Thapar taking over Crompton Greaves and Gautam Thapar assuming charge of Bilt Paper.

Protected market will do country no good: Hinduja
Dissapointed somewhat by the five-year wait that he had to endure to see a project through, Hinduja group chairman Srichand P Hinduja is still gung-ho on investments in the country.

Godrej & Boyce, Belgian ally parts ways
Godrej & Boyce Manufacturing Company has parted ways with Belgian partner Stow Storage Solutions, with whom it had proposed a joint venture and had concluded a memorandum of understanding (MoU) to the effect.

CORPORATE
ABN Amro Bank offers corporate ATMs now
Gujarat government floats firm to set up ambitious Infocity

ECONOMY
Banks investment in FI bonds to fall to Rs 3,000 cr
Sebi plans 7-day book closure for mandatory paperless trades

EXPRESSIONS
Half-way house
Sheltering growth

MARKETS
Vietnam rice trade slow, more activity expected
Asian gold traders see ceiling of $298

LEISURE
"Don't produce garbage better, faster, cheaper"
Goodwill pays off for loss-making firms: Survey