PowerGen buys Torrent stake for Rs 1077 cr
After protracted negotiations, PowerGen Plc of the UK on Friday said it would buy a further 46.3 per cent stake in the Gujarat Torrent Energy Corporation for nearly Rs 1077 crore. GTEC owns a 655 mw dual fuel-fired power station in Gujarat.

TRAI chief dubs arbitrator notice illegal
Telecom Regulatory Authority of India chairman Justice S S Sodhi today said that the government's gazette notification of June 3 awarding arbitrator status to the authority was "illegal''.

President and PM cross connect again
President K R Narayanan has written to Prime Minister Atal Behari Vajpayee, urging him to put on hold certain modifications made to the telecom policy by the Cabinet ten days ago.

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