FIs force Reliance to take extra cover for Jamnagar unit
Financial institutions led by the Industrial Development Bank of India and a clutch of foreign institutional lenders have forced Reliance Petroleum (RPL) to take a Rs 40-crore worth of advance loss of profit (ALOP) risk cover for its Jamnagar refinery project during the last phase of its completion.

Burroughs Wellcome, Glaxo merger on hold
Burroughs Wellcome India (BWI) chairman Deepak S Parekh on Monday said that an "idea of a merger with Glaxo India had been put on hold and other options were being explored".

Stiff emission norms prompt Maruti to weigh price rise
The country's largest car maker Maruti Udyog is weighing the option of raising the prices of its vehicles in New Delhi in the wake of the Supreme Court order.

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