Indian Oil offers NTPC 24% in Gujarat power project
Indian Oil Corporation is planning to rope in National Thermal Power Corporation (NTPC) as the third joint venture partner for its Rs 1,700-crore 500mw refinery residue-based power project in Gujarat.

Partners for IBP ruled out till deregulation of petroleum sector
The Union ministry of petroleum and natural gas has made it categoric that no strategic partner will be considered for IBP till the complete deregulation of the petroleum sector in 2003.

US firm InterPacket Group to pick 49% stake in Internet Promoters
The United States-based InterPacket Group Inc is acquiring a 49% stake in Internet Promoters India Ltd (IPIL), which will be involved in providing Internet and allied services. The foreign partner is bringing in $ 14.7 million (Rs 62 crore), with the rest being pumped in by Indian promoters.

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