The Telegraph
Wednesday , January 16 , 2013
Since 1st March, 1999
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Business Briefs

Indian Oil interest in HPL

Calcutta, Jan. 15: Indian Oil Corporation (IOC) is keen to participate in the share auction process of cash-strapped Haldia Petrochemicals for which due diligence is on. The final decision on it will be taken by the IOC board, Indrajit Bose, executive director-cum-state level coordinator, Bengal, of IOC told reporters here. “IOC had earlier expressed interest in HPL and also acquired 8.9 per cent shareholding in the company,” he said.

IKEA proposal

New Delhi, Jan. 15: The government has sought more information from Swedish furniture major IKEA about its India investment plans thereby delaying its plan to open cafeterias at its proposed retail stores.

Edible oil

New Delhi, Jan. 15: The government may impose a 5 per cent import duty on crude edible oil and hike custom duty on refined cooking oil to protect the interests of farmers and processing industry, sources said.

Maruti move

New Delhi, Jan. 15: The country’s largest car maker Maruti Suzuki India will increase prices of its vehicles across models by up to Rs 20,000 from tomorrow to offset pressure of adverse currency fluctuation.

TCIL sale

New Delhi, Jan. 15: The government is pushing hard for outright sale of Tyre Corporation of India Ltd this fiscal and has shortlisted three eligible companies for buying out the ailing PSU.