GIC eyes Rs 1,000cr forex revenue via re-insurance
General Insurance Corporation of India (GIC) is targeting a Rs 1,000 crore worth of forex income by 2002 through its reinsurance business, registering about 50% annual growth.

Reliance Petroleum, Essar Oil may hold stake in Central India Pipeline
The Government is working out an unique equity structure for the Rs 4,400-crore Central India Pipeline (CIPL) which will see Reliance Petroleum and Essar Oil holding stakes in proportion to their refining capacities. This will result in RPL picking up 26% and Essar Oil 13% of the equity in CIPL.

Revised DoT estimates see Rs 1,131cr revenue rise
The Telecom Regulatory Authority of India's move to drastically reduce domestic long distance and international call charges could augment Department of Telecom's revenue by Rs 1,132 crore in 1999-2000 if the traffic grows by 10%.

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