Coke extends its lead over Pepsi in soft drink war
New Delhi: Coca-Cola Co slightly increased its lead over rival Pepsi-Cola Co in 2002, thanks to the successful launch of Vanilla Coke and the growth of Diet Coke, according to US soft drink industry rankings.
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BIFR spikes Binny recast plan
New Delhi: Dashing the hopes of an early revival, the Board of Financial and Industrial Reconstruction has spiked the latest proposal by the ailing Binny Ltd to sell its nearly 70 acres of prime real estate property to the Chennai-based Kalpathi Family and the persons close to pharma major Dr Reddy’s for a consideration of Rs 60 crore.
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General Motors opens tech centre in Bangalore
Bangalore: General Motors has announced the opening of a technical centre in Bangalore and would be investing $ 20 million per year for the next three years in the centre.
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Fresh tenders may be invited for Kerala island project
Kochi: The Goshree Island Development Authority has decided to go in for fresh tenders for the sale of reclaimed land where it earlier received just two bids. The Goshree project was for building bridges linking all the islands off Kochi with the mainland.
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Tata Steel plans to set up colour-coated steel sheets unit
Mumbai: Tata Steel has decided to go for further value-addition of its cold rolled products by way of putting up a facility for production of colour-coated steel sheets. It would be an extension of its galvanising line of cold rolling mill.
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FIPB accords approval for acquisition of Adani Container
New Delhi: After protracted delay, the Foreign Investment Promotion Board has finally accorded approval for the 100 per cent acquisition of the Mundra-based Adani Container Terminal Ltd, a subsidiary of the Rs 4,000 crore Adani group, by P&O Ports Ltd.
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Lenders serve notice to attach Core assets
New Delhi: Lenders to Core Healthcare have slapped a notice on the sick IV fluids manufacturer under the recently-passed Securitisation Act.
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Emaar to build tallest tower in Dubai
Abu Dhabi: Emaar Properties, the UAE's premier real-estate development company, has announced its intention to start the construction of the world's tallest building this year.
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Inventory pile-up, credit problem - FACT advances annual shut-down
Kochi: An inventory pile-up of almost 2.75 lakh tonnes of fertilisers has forced the Fertiliser and Chemical Travancore Ltd (FACT) to advance its annual maintenance shut-down in all its plants at Udyogamandal and Cochin division from end-May to end-February, 2003.
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GE Shipping places order for new tanker
Mumbai: Great Eastern Shipping Company, which had pulled out of the race for Shipping Corporation of India, has started investments in new fleet. The company has announced that it has placed an order for a 45,000 dead weight tonnes (dwt) product tanker with Hanjin shipyard of South Korea.
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SBI told to submit Ferguson study on Modern Threads
New Delhi: The Board for Industrial and Financial Reconstruction (BIFR) has directed State Bank of India to submit the viability study conducted by AF Ferguson & Co on Modern Threads (India) Ltd (MTIL).
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Raymond fits into `Super 200s'
Mumbai: Textile major Raymond Ltd, among top manufacturers of worsted suitings in the world, is now one of only three players globally with the expertise to manufacture suit lengths in the `Super 200s' wool category.
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SAIL hopes to cut losses
Kolkata: Steel Authority of India Ltd (SAIL) expects to end the current fiscal with a massive reduction in its net loss - from Rs 1,700 crore in 2001-02 to about Rs 550 crore.
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Bajaj Tempo rolls out 1 lakh Minidors
Pune: Bajaj Tempo Ltd, manufacturer of light commercial vehicles, utility vehicles, three-wheelers and tractors - has rolled out one-lakh Minidor three-wheelers. The company's three-wheeler division has witnessed a significant increase in sales of 30 per cent at 19,545 units up to January 2003 as against 15,025 units during the corresponding period last year.
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Govt seeks CLB nod for probe into Mukta affairs
New Delhi: The Government has moved an application before the Company Law Board (CLB) against Mukta Arts Ltd, the entertainment company of Subhash Ghai, popularly called `the dream merchant', and its directors seeking permission to investigate into the affairs of the company.
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MTNL may pick 34 pc stake in RailTel
New Delhi: After a series of false starts, the Indian Railways has finally managed to rope in Mahanagar Telephone Nigam Ltd (MTNL) as a joint venture partner in RailTel Corporation of India Ltd (RailTel) - a company set up to offer telecom bandwidth vide optical fibre cable (OFC) along its track network.
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