Sunday, June 14, 1998
DLF Power's $11-million private placement plan gets FIPB nod
The Foreign Investment Promotion Board (FIPB) has cleared DLF Power Ltd's proposal to privately place convertible preference shares worth $11 million with the Commonwealth Development Corporation (CDC). The 16% fully and compulsorily-convertible preference shares will have a face value of Rs 100 each and the money will be used to part finance the company's power projects.
Colgate, HLL launch another ad war
Colgate-Palmolive (India) and Hindustan Lever Ltd (HLL) are engaged in another round of advertising battle to gain supremacy in the toothpaste segment. While the latest Colgate ad on Double Protection screams "two-and-a-half times better than the ordinary toothpaste," the Pepsodent ad in a leading daily goes "get double protection you can actually see".
IDPL submits Rs 834 cr revival plan to govt
Indian Drugs and Pharmaceuticals Ltd (IDPL) has submitted a Rs 834-crore revival proposal to the ministry of chemicals and fertilisers in a bid to rehabilitate the ailing drug public sector company. The ambitious proposal submitted to the ministry on June 1, envisages funds to the tune of Rs 412 crore from the government and Rs 91 crore from the National Renewal Fund (NRF) for voluntary retirement scheme (VRS).
|
|
