Automobiles
Portal on auto sales launched
A PORTAL called `Indiacar.com', which will provide a virtual market for all auto-related services including buying and selling of cars and two-wheelers, parts, accessories and finance, has been launched.

Chemicals
Customs duty on fuel oil should go: ICMA
THE Indian Chemical Manufacturers' Association (ICMA) has called for abolishing the 30 per cent customs duty on fuel oil used in captive power plants.

Miscellaneous
UTI to launch `unique' venture capital fund
UNIT Trust of India (UTI) is foraying into venture capital business. The fund would have both domestic and overseas component, thereby making it ``unique'', according to Mr. P.S. Subramanyam, Chairman, UTI.

Steel
`Long-term outlook for steel sector favourable'
DESPITE the improvement in steed demand, Crisil's portfolio of steel ratings has seen substantial downgrades in the 1999-2000 fiscal.

Tyres
ATMA wants floor price on used tyre imports to stay
THE domestic tyre industry, represented by the Automotive Tyre Manufacturers' Association (ATMA), has urged the Government to continue with the existing floor price mechanism on used tyre imports into the country.

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