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Corporate Economy Expressions Markets Leisure 09 March 1998   Bankers' consortium plans change of guard at Sol Pharmaceuticals Banks led by Allahabad Bank are working towards bringing a change of guard at the loss-making Sol Pharmaceuticals. The move, seen as an attempt by intermediaries to get tough with under-performing managements, is part of a restructuring package being worked out by SBI Capital Markets.   Centre set to review divestment norms in 100% subsidiaries The Union government is reviewing guidelines on divestment of equity in wholly-owned subsidiaries and joint ventures of foreign companies to Indian public. The issue will be taken up by the core group of secretaries at a meeting to be held today. Reliance asked to give guarantees for transfer of uncertified shares Reliance Industries (RIL) has given a bank guarantee of around Rs 25.24 crore for failing to get around 6.38 lakh scam-tainted shares certified according to the procedure laid down by the Special Court of Justice SN Variava in July 1992. This follows an order by Justice Variava directing the company to furnish such a guarantee towards the value of uncertified shares and the amount of dividends declared on them. BJP moves closer to power with Congress likely to throw in towel The Bharatiya Janata Party moved closer to ruling India on Sunday as the centrist Congress party admitted its chances of forming a new government had narrowed. Key constituents of the centre-left United Front alliance, whose support Congress has been seeking after inconclusive general elections, came out against the party, puncturing its hopes of stopping the BJP.   ONGC to gain Rs 800 cr from crude-price revision The Oil and Natural Gas Corporation (ONGC) will reap a windfall of nearly Rs 700-800 crore following the decision by the Oil Coordination Committee to settle dues arising from a difference in retention price on crude. Indian Airlines set to spin off its cargo wing Indian Airlines (IA) has declared to spin off its cargo unit into a profit centre. The cargo centre was to start functioning as an independent profit centre with effect from February 1 last and was to be managed by a seven-member committee headed by a chief executive officer.   CORPORATE ANZ targets Pune to step up housing-finance business Colgate's new confidence ring: Faster, smarter ECONOMY Takeover talks send firms running into investment bankers' bosoms Ministry cautious over basmati patent row EXPRESSIONS The Chinese way Pricing it right MARKETS Basmati exporters may have to review pricing Urea prices abroad crash to $85-95 a tonne LEISURE Incentives are gain for pain Think influence, not products alt="Bottom banner spot" border="0">