Centre may divest stake in Bhel
The Centre is considering a proposal by the Disinvestment Commission to offload 20 per cent equity in Bharat Heavy Electricals Ltd to foreign and domestic financial institutions.

MS Swaminathan to get Unesco award
Agricultural scientist MS Swaminathan will be awarded the Unesco Gandhi gold medal in recognition of his outstanding work in reaching the benefits of biotechnology to poor and marginalised people in developing countries.

AFC in talks with ICICI, IDBI
The Agriculture Finance Corporation has initiated talks with ICICI and IDBI to become equity partners. The move forms part of AFC's efforts to restructure itself based on the recommendations of the IIM, Bangalore.

MUL launches new Omni models
Maruti Udyog on Wednesday announced the launch of two Omni XL variants with the entry level price below Rs 2 lakh in the national capital and offered an option of multi-point fuel injection system in select cities. The MPFI system makes Omni Euro II-compliant well ahead of the stipulated deadline.

Voltas seeks tieups for room ACs
Voltas is seeking to enter into capacity sharing tie-up with multinationals Swedish major Electrolux and Korean chaebol LG.Volvo's workshops
Volvo India inaugurated the Volvo Service and Parts Centre in Delhi on Wednesday. The company is finalising plans to launch similar workshops in Mumbai and Calcutta soon. Volvo also plans to enter the construction and mining segment with the launch of FM7 range of tippers and concrete mixers.

KPC stake in Paradeep Refinery
Kuwait Petroleum Corporation is sending a high level team this month to negotiate for 26 per cent stake in the proposed Rs 8,000-crore Paradeep refinery of the Indian Oil Corporation.

IOC pipeline capacity
Indian Oil Corporation on Wednesday said it has enhanced the capacity of its Salaya-Viramgam-Koyali crude oil pipeline to 21 million metric tonnes per annum.

Sensex dips 35 points
Absence of follow-up support to Tuesday's 221-point rise in the BSE Sensex took the market marginally down on Wednesday. The Sensex closed with a net loss of 35.38 points to 4,456.18.

Debt brokers form trade body
India's fixed income brokers based in Bombay have formed the trade association - Fixed Income Brokers Association - to promote the business and represent brokers' views, the association's vice-president said on Wednesday.

State may review sops
The state government plans to review a host of concessions offered to automobile, agriculture, information technology and electronics sectors by the previous Shiv Sena-BJP government.