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Homegrown FMCG firm Jyothy Laboratories is aiming to more than double its turnover to Rs 4,000 crore in the next three years on the back of both acquisitions as well as organic growth, a top company official said. The company expects the ongoing Ayurveda wave in the FMCG segment to push its growth further, helped […]

Chinese electrical appliance maker Midea Group will introduce Toshiba brand home appliances in Indian market, and is setting up a plant to produce them locally, a top company official said. Midea, which owns around 80 per cent stake in Toshiba Lifestyle Products and Services Corporation (TLSC), will manufacture Toshiba-range of home appliance at its Ahmednagar, […]

The Coca-Cola Company, which is pursuing GlaxoSmithKline Consumer’s $4 billion Indian nutrition business including malt beverages Horlicks and Boost, has created a new international group called Global Ventures to focus on ensuring maximum value from acquisitions and investments. “Acquisitions will continue to be an important tool for the company,” Coca-Cola global chief executive officer James […]

Colgate-Palmolive has said that Ayurveda based innovation from India has helped the American consumer products maker launch similar products in other markets across the world while expressing confidence that its share in the herbal toothpaste segment in the country would continue to grow. In an earnings call, the company’s global CEO Ian Cook said, “We […]

Dubai headquartered Danube Home, part of the Danube Group, has forayed into India’s home furnishings market from Hyderabad by opening its first store, nearly a quarter after Swedish furniture giant IKEA opened its first India store in Hyderabad. The group with $1.3 billion revenue last year has interests in property development, building materials and home […]

Sequoia Capital-backed Stovekraft, one of the leading home grown kitchen appliances maker, is going to focus on the premium segment with its licensed brand Black + Decker by rolling out products like blenders and juicers, breakfast appliances, water heaters and small domestic appliances. The Bengaluru-based company, whose flagship brands include Pigeon and Gilma that together […]

Drug firm Merck Ltd. said Wednesday the government has approved proposal of Procter & Gamble Overseas India BV to acquire up to 77.80 per cent stake in the company. The Department of Pharmaceuticals has approved the proposal of Procter & Gamble Overseas India BV for acquisition of up to 77.80 per cent of the paid-up […]

Baba Ramdev-promoted Patanjali Ayurved is now focusing on the agriculture and food processing sector as it looks to bring out several products from the segment in the coming future. The company, which is working with farmers on the ground, is encouraging them to go for organic farming among them. “Now we are focusing more on […]

ITC Managing Director Sanjiv Puri Sunday said the company’s investments in Uttarakhand over the years have already crossed an outlay of Rs 1,400 crore. ITC ltd will be able to scale this up, given the future potential of the state, Puri said in a statement on the occasion of Uttarakhand Sumit. ITC ltd will be […]