Government seeks Oil India's hand for Hindustan Petroleum alliance
The Centre is believed to be examining a restructuring plan for the oil industry which would involve a strategic alliance of Oil India with Hindustan Petroleum Corporation (HPCL) and Engineers India (EIL). The brainwave is a result of the recent crossholding deal between IOC and ONGC which would pave the way for a strong integrated oil company.

CCEA nod for Marubeni as IOC's venture partner in Panipat project
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Japanese engineering major Marubeni Corporation as the joint venture partner for the Rs 1,528 crore power project of the Indian Oil Corporation's (IOC) at Panipat.

Centre dilly-dally on aircraft acquisition hits Jet, Sahara plans hard
Indecisiveness of the Union Government has thrown Jet Airways and Sahara Airlines expansion plans out of gear. Sahara Airlines' proposal for acquiring 50-seater turbo-props and Jet Airways' plan for 70-seater ATRs are stuck with the ministry of civil aviation.

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