Financial Express - India's leading business newspaper from the Indian Express Group

Divestment body drafts 3yr plan; Cabinet panel to discuss on Friday

In a bid to streamline the privatisation process, the disinvestment department has prepared a three-year plan, which will be placed before the cabinet committee on disinvestment (CCD) on June 23.

`Centre against creation of monopolies'

The Government is against creation of monopolies for the private sector through the disinvestment process. The issue is likely to feature prominently in the cabinet committee on disinvestment (CCD) meeting on Friday, which will finalise the road map for disinvestment.

Kothari group plans to sell mineral water brand

Kothari Beverages, the owners of the `Yes' brand of mineral water, is believed to be in talks with Nestle, Coca-Cola and Britannia for either a complete sellout of the brand or a strategic equity alliance.

HDFC Bank to sanction car loans within a minute

Now, own a car at the speed of thought. HDFC Bank in a revolutionary move has introduced a car-loan sanction under 60 seconds. And if all goes well, you can drive away in an Indica, Safari, Sumo or a Sierra in 24 hours flat.

Bajaj Auto, nine firms to team up for B2B portal

Bajaj Auto, in a bid to make an entry into the dotcom world, is teaming up with nine major two- and four-wheeler manufacturers to float a mega business-to-business (B2B) industry portal.