Hutchison set to pick Swisscom's 32.56% stake in Sterling Cellular
Hutchison is close to acquiring Swisscom's 32.56% stake in Sterling Cellular Ltd, the Essar cellphone service provider in Delhi.

Government turns down Shell's plan to market petro products
The Centre has made it categorical to Dutch oil major Shell that it will not be allowed to enter direct marketing of petro-products until it invests Rs 2,000 crore in a refinery. "The rules will not be altered despite the fact that multinationals are reluctant to participate in India's refining sector," top sources said.

Burmah Castrol plans to set up R&D unit, eyes local acquisitions
The $4.1 billion Burmah Castrol group of USA is planning to set up a research and development centre in Bangalore. The American group has also set its sights on domestic lubricant firms with technical backgrounds for acquisitions.


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