London, Sept. 9 : The maker of France''s first single malt whisky could face legal action for labelling its dram Scottish.

Vijaywada based Chemcel Biotech (CBL) is all set to enter the capital market today (Sep 09), with an initial public offering (IPO) of 15,400,000 equity shares of Rs 10 each for cash at a premium of Rs 6.

The fixed priced issue will close on Friday (Sep 12, 2008).

The net issue to the public would be of 12,800,000 equity shares comprising 49.39% of the company’s post issue paid-up capital. The registrar to the issue is Bigshare Services. The equity shares of the company would be listed on the Bombay Stock Exchange.

Beijing - US-based soft-drink giant Coca-Cola's offer to buy the leading Chinese fruit juice firm faces an anti-monopoly review, state media said on Monday.

China Central Television (CCTV) quoted Commerce Ministry spokesman Yao Shenhong as saying officials were still awaiting the formal application by Coca-Cola following its announcement last week that it had offered 2.4 billion dollars to buy China's Huiyuan Juice Group.

Hong Kong/Mumbai, Sept. 8 : Firstsource, one of India’s leading business-process outsourcing companies, has put one of its stakes up for sale.

Telecom infrastructure provider GTL Infrastructure has raised Rs 7265 crore through a mix of debt and equity to fund the expansion of its telecom towers business.

Trinamool Congress chief Mamata Banerjee is softening her stand day by day. It has raised the hopes of resumption of work at the controversial site of small car project at Singur. Mamta asked her party protestors to stop the agitation and let the traffic go on the Durgapur Express highway. Her appeal came after the meeting between the government and protest leaders on Friday. The meeting was chaired by the state governor, Gopalkrishna Gandhi but he failed to develop a compromise formula. However, he said that the matter will be solved soon after the constructive dialogues between state and the protestors.