ONGC seeks marketing rights in lie of investment in IOC's refineries
The Oil and Natural Gas Corporation has indicated that it will consider an investment in any new refinery of the Indian Oil Corporation only if this is accompanied by marketing rights.

M&M shelves plan to set up tractor plant in Andhra
Automobile major Mahindra & Mahindra has decided to shelve its earlier proposal of investing Rs 500 crore into its heavyweight tractor manufacturing plant to be set up in Andhra Pradesh.

Usha Martin to wind up Kerala operations
Usha Martin, the radio pager provider for seven regions in the country, is all set to wind up its Kochi operations. The company has sought the permission of the department of telecommunication (DoT) for closing its services in Ernakulam.

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