FMCG major NestleBSE -1.14 % has collaborated with Google and Paytm’s e-commerce platform Paytm Mall to roll out promotions for new variants of Maggi noodles. Paytm Mall has created a special Maggi brand store to...
Should LIC invest in ITC? Bombay High Court to decide
Tata Trusts trustees R Venkataramanan and Laxman Sethuraman along with five others have filed a public interest litigation (PIL) in the Bombay High Court against the union government, the Insurance Regulatory and...
Unilever to buy back $5.3 billion of stock, divest spreads
Unilever plans to buy back €5 billion euros of stock and divest its spreads business in an effort to boost the share price after fending off a takeover bid by Kraft Heinz Co. The dividend also will be increased by 12%...
Emami to invest Rs 1,000 cr to boost edible oil biz
The Kolkata-based Emami Group, which has interests in fast-moving consumer goods to real estate, will invest Rs 1,000 crore over the next few years to ramp up its edible oil business. It has allocated Rs 800 crore to...
Lalit Modi to sell two divisions of Godfrey Phillips, says son Ruchir Modi
Lalit Modi’s son Ruchir Modi, who is on board of Godfrey PhillipsBSE 4.59 % India (GPI), said his father is in talks with international companies to sell the marketing and distribution divisions of GPI...
CCI clears acquisition of J&J’s two brands by ITC
The Competition Commission has approved the proposed acquisition of Johnson & Johnson’s two brands, ‘Savlon’ and ‘Shower to Shower’, by FMCG major ITCBSE 0.27 %. Savlon is an antiseptic...
Britannia forms joint venture with Chipita of Greece
FMCG major Britannia IndustriesBSE 0.30 % today said it has entered into a joint venture with Greek firm Chipita SA for producing and selling ready-to-eat croissants in India. The estimated investment in the joint...
Nutella maker Ferrero buys U.S. confectioner Fannie May
Nutella maker Ferrero has signed a deal to buy U.S. confectioner Fannie May from online retailer 1-800-FLOWERS.COM (FLWS.O) for $115 million in a move to strengthen the Italian company’s presence in the overseas...
Unilever CEO urges UK to provide ‘level playing field’ after Kraft bid
Fresh from defending Unilever (ULVR.L) against an unsolicited $143 billion takeover attempt by Kraft Heinz (KHC.O), CEO Paul Polman said the British government should ensure a level playing field for target companies...
ChrysCapital exits from CavinKare with 2X returns
The promoter of diversified FMCG conglomerate CavinKare Pvt. Ltd has bought back the stake held by private equity major, ChrysCapital, in the company. The PE firm had invested around Rs 250 crore four years back for a...
Kishore Biyani lays out roadmap for Future Consumer-Hain Celestial JV
Kishore Biyani has laid out a roadmap for Future Consumer’s 50-50 joint venture with New York state headquartered Hain Celestial Group, that sells organic food and personal care products. The joint venture was announced...
Unilever spurred into speedy value review by Kraft bid
Unilever (ULVR.L) sought to show shareholders it can go it alone on Wednesday after rejecting Kraft Heinz’s (KHC.O) $143 billion bid, with the promise of a swift, far-reaching review. This should be completed by...
