Chauhan signs dotted line with Coke on bottling units
Ramesh Chauhan has sold his franchise rights along with his two bottling units in Delhi to softdrinks multinational Coca Cola. The deal is reported to have been struck at Rs 100 crore. Significantly, the Mumbai bottling units, owned by Ramesh Chauhan's brother, Prakash, are not a part of the deal.

Boots, Nicholas Piramal clinch joint venture
Nicholas Piramal India Ltd (NPIL) has forged a 49:51 joint venture with Boots Healthcare International (BHI) to develop and market consumer healthcare products in India. The latest alliance comes even as the Piramal group is targeting healthcare sales of Rs 900 crore to Rs 1,000 crore in the current fiscal.

Tata Steel to exit from bearings venture; sell stake to ally Timken
Tata Steel, the Rs 40,000-crore Tata group flagship, is all set to exit from Tata Timken, its equal joint venture with Timken Company of USA. Negotiations between the two partners are reported to be in the final stage.

  Coke claims Hungary beachhead in cola wars
  Securing your premises against thefts, intruders
  BPL's shareholder value falls short
  Hyundai flags off Santro models; delivery to begin next month
  Computer trainers seeks representation in IT task force
  Octonorm India seeks partners at home and abroad
  Priyadarshini promoters plan "protective" private placement
  ICICI takes Rs 74-crore hit on ITC Classic merger
  State Bank India's Visa Classic card fee likely to undercut rivals
  IDBI to take part in core plans via OCDs
  MNC arms ride piggyback on parents' guarantees for cheaper debt
  HLL ropes in two Unilever executives
  Duncans eyes Rs 2500-crore turnover in next five years
  Indo Rama '97-98 losses understated
  Shaw Wallace Gelatines to make liquor, chemicals, drugs
  DSQ Software in bid to "release" blocked shares
  IDBI to lend support to extended projects
  Reckitt Colman eyes synergistic brands
  Alcatel details buyback plan
  Philippine Airlines set to bid farewell
  Corporate Briefing
  TNEB, Gail in pact for gas supply
  Pasminco output intact
  NTPC to float cell for business development
  SAIL draws up plan to pull out from non-core areas
  World Briefing
  Kinetic Engineering hopes to maintain first-half growth