The Hindu Business Line : Friday, February 28, 2003

Coke disinvests 49 pc equity
HINDUSTAN Coca-Cola Holdings Pvt Ltd (HCCHPL), the Indian arm of the Coca-Cola Company, on Thursday announced that it had completed the placement of 49 per cent of its equity in its bottling subsidiary, Hindustan Coca-Cola Beverages Pvt Ltd ... More

Kinetic's Aquila logs 50 bookings
THE costliest two-wheeler in the country, the Rs 1.45-lakh Aquila, has already found buyers with bookings crossing the half-way mark within weeks of its launch. "Over 50 bikes have already been booked out of the 100 which have been imported," ... More

Ind-Swift gets DCGI nod for anti-infective
IND-SWIFT has received the Drug Controller General of India's (DCGI) approval for manufacturing and marketing sustained/modified release tablet of anti-infective Clarithromycin. The anti-infective drug would be marketed under the tradename, ... More

Kopran gets nod for ibuprofen tablets in S. Africa
KOPRAN has registered its ibuprofen product,`Bren-40', in South Africa. The company has received an approval from the Medicines Control Council (MCC) of South Africa for the drug, according to a press release. The company has entered into a ... More

ICICI Bank pulls out director

PREFERENTIAL ALLOTMENTS

DSCL stake in Shriram Bioseeds increases to 51 per cent
DCM Shriram Consolidated Ltd (DSCL) has increased its stake in Shriram Bioseeds Genetics India Ltd (SBGI) to 51 per cent from 49 per cent through additional investments. Consequently, SBGI has now become a subsidiary of DSCL, a company official ... More

GDR Media board okays swap deal
WITH GDR Multimedia Ltd offering its shares on a preferential allotment basis to the shareholders of Almond Softfin Pvt. Ltd as a part of all stock swap deal, the company has ceased to be a subsidiary of GDR Media. In a communiqué to the ... More

MORTGAGE

BSES mortgage resolution passed
BSES Ltd, the city-based power generation and distribution company, has informed the Bombay Stock Exchange that a resolution for creation of mortgage has been passed with 99.92 per cent valid votes polled in postal ballot. BSES further added ... More

MERGERS & ACQUISITIONS

HPCL board okays ONGC's takeover of MRPL
THE board of Hindustan Petroleum Corporation Ltd (HPCL) today approved Oil and Natural Gas Corporation's (ONGC) takeover of Mangalore Refinery and Petrochemicals Ltd (MRPL), where HPCL will have a 16.9 per cent stake after the takeover and ... More

REGULATORY BODIES & RULINGS

CLB may get new members
THE Company Law Board (CLB) may soon see some new faces on the board. Despite having a mandate to have nine members on the board, the CLB at present has two. "We are aware that more members are needed and steps are being taken for the same," ... More

SICK UNITS

Coimbatore Pioneer Mills machinery sale stayed
Mr Justice P. Sathasivam said that he was satisfied that the entire rehabilitation process of the mills would be set at nought, if the sale of machinery was permitted. More

FACT council plans picketing
KOCHI: The Save FACT Action Council has demanded that production at the public sector FACT be resumed immediately. To press its demands, the Action Council will picket National Highways for half an hour from 5 pm on March 3 at ... More

OUTLOOK

Ford expects marginal rise in Mondeo sales
CARMAKER Ford India expects sales of the Mondeo to show a marginal increase during the current year. The Ford India Vice-President for External Affairs, Mr Vinay Piparsania, told Business Line that Ford sold 758 units of Mondeo during ... More

Playwin targets Rs 2,500 cr
THE online lottery business of the Rs 4,500-crore Essel group is hopeful of generating revenue up to Rs 700 crore during the 12-month period ending March 31, 2003. In 2003-04, the group's revenue is expected to be around Rs 2,500 crore. Select ... More

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