Tata Chemicals wins Rs 350cr tax appeal
The income-tax tribunal has allowed Tata Chemicals to claim full deduction of Rs 86.42 crore, paid as interest for assessment year 1992-93. The total claims with the tax department is of Rs 350 crore.

BPCL, Indian Oil in race for marketing tie up with MRL
Madras Refineries (MRL) has kicked off an exercise to choose between Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) for marketing its products.

Airbus, HAL may join hands to convert A-320s into freighters
Airbus Industrie of France and the Bangalore-based Hindustan Aeronautics (HAL) plan to cooperate on a multi-million dollar deal for conversion of A320 aircraft into freighters.

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