IOC, BPCL plan to pay market price for stand-alone refineries
Indianoil and Bharat Petroleum Corporation Ltd (BPCL) will consider only the market price of Kochi Refineries (KRL), Chennai Petroleum Corporation (CPCL) and Bongaigaon Refinery and Petrochemicals Ltd (BRPL) while evaluating their acquisitions.

Tata Engineering in talks with global majors
Tata Engineering is in talks with international automobile majors including Peugeot Citroen, Renault and Chrysler for sourcing engine technology for Indica exports to Europe.

Airbus to hike A320 production
Airbus has moved to increase production of its A320 aircraft in anticipation of increased passenger traffic. It proposes to increase production from the current rate of about 20 aircraft a month to around 30 a month by early 2003.


  The index
  Dow Chemical tomake India hub for business expansion
  BPL plans to launch new range of home appliances
  Pacific Internet likelyto be valued at $15 m
  Kinetic Engineering sets up marketing firm for direct sales
  Mody family increases holding in JB Chemicals
  Toyota-Kirloskar joint venture exceeds production target
  Enron's Phase-II to be completed by next year
  VSNL to invest Rs 1,500 cr in NLD
  Paswan threatens to quit if Hajipur rail zone is derailed