Texaco to set up fully-owned subsidiary
The $32 billion Texaco of USA, one the world's largest oil and gas companies, has sought the Union government's approval to set up a wholly-owned subsidiary in India for investment in energy projects.

Infosys Tech operating margins improve
The fourth quarter results of Infosys Technologies' are in line with market expectations. Most market players had projected a net profit in the region of Rs 45-50 crore for the quarter ending March and the company has, in fact, posted a net profit of Rs 43.10 crore.

Hindujas to invest Rs 900cr in telecom
The Hindujas have lined up fresh investments worth Rs 900 crore in the telecom sector. The funds would be used to support the existing Gujarat cellular licensee Fascel as well as make investments in new projects once policy-related issues are sorted out.

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