IOC, ONGC float panel to sew up joint ventures
Mounting pressure from investors has forced IOC and ONGC to form a six member panel which will finalise potential areas of cooperation in a month.

Peugeot to take PAL-Peugeot's Rs 85-crore dues on its books
Automobiles Peugeot, the French auto giant, has decided to write off claims aggregating Rs 85 crore from the ill-fated joint venture company, PAL-Peugeot.

L&T seeks third-party sale of captive power
Larsen & Toubro has taken a lead on behalf of Corporate India to demand that captive power projects and captive independent power projects be allowed third party sale of power at mutually-agreed prices.

  Ashok Leyland Information Tech chief puts in his papers
  Microland to sell part stake to venture capital fund in bid to raise $7 million
  Zydus Cadila eyes export markets
  IFCI chief of vigilance pulls up credit division for violating loan guidelines
  DPC board to meet in US to review progress
  Reliance Power gets nod to sell power to third party for 2 years
  BoJ may ease policy to halt yen's march
  MeritaNordbanken seeks to buy Norway's Christiania
  Hatsun Agro plans to set up dairy project in Belgaum
  Appellate body shoots down Videocon's proposal to revive ailing Uptron Colour
  IOC weighs plan to rope in foreign ally to buy Centre's stake in IPCL
  Acer incorporates local arm with Rs 12.7cr paid-up capital
  Tube Investments to make auto parts
  Indian Rayon settles for book-building for buyback
  Thermax to rejig portfolio; zero in on energy and environment
  Bharat Forge plans acquisitions in Europe, US
  Wyeth Lederle to focus on its major brands
  PGHH net jumps 31.6% to Rs 56.8 cr
  Deltatec Solutions to distribute ABT Corporation's Suite 5
  NEPC bags Rs 40 crore for wind energy generators
  Briefing
  No pact yet between Viacom, Zee on children's channel - MTV chief
  Cuecom charts the course for channel marketing in South
  Microsoft set to cut a dash with Digital Dashboard next month
  Motorola develops Hurricane Tracker
  Motorola to buy back hand-sets if Iridium downs shutters in India
  A card for all ceremonies?
  Birla Tyres -- Retreading a turnaround
  Game over -- Sega, ex-worker grapple with Japanese-style layoff
  SAIL seeks to cut cost of raw materials purchase
  Hudco, Maharashtra to float Rs 500-cr convention centre
  Briefing
  M&A deals worth $1 bn sealed in '99 first half