Coke venture cleared

New Delhi, April 17: The cabinet committee on economic affairs has approved Coca-Cola’s $52.54-million (around Rs 205 crore) investment proposal in India. The investment will be made in Hindustan Coca-Cola Holdings by its parent company for capital expenditure of Hindustan Coca Beverages Ltd, an official spokesperson said.

PowerGrid

New Delhi, April 17: Power Grid Corporation has sought a $800-million non-sovereign guarantee loan from the Asian Development Bank and World Bank in the current financial year.

GMR buy

Mumbai, April 17: GMR Energy, which is part of the GMR group, has acquired a 5 per cent stake in South Africa-based Homeland Mining and Energy SA for about $15 million (Rs 60 crore).

Nelp VII bid

New Delhi, April 17: The government is likely to postpone the last date of bidding for oil and gas blocks under the seventh round of the New Exploration Licensing Policy (Nelp VII) to May 9.

Bajaj plea

New Delhi, April 17:Rahul Bajaj has asked the Company Law Board to allow a board meeting to be held without raising the controversial issue of inducting new members on the boards of Bajaj Sevashram and Jamnalal Sons.