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Godrej Ind to invest Rs 230 cr in new plant
Posted: July 27th, 2010, 12:03pm EDT
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Diversified business firm Godrej Industries (GIL) today said that it will invest Rs 230 crore for setting up a new manufacturing facility in Maharashtra over the next three years. -
Dabur acquires Turkey's Hobi Kozmetik for Rs 324 crore
Posted: July 26th, 2010, 6:16am EDT
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Making its first ever overseas acquisition, FMCG player Dabur today said it has acquired Turkish personal care firm Hobi Kozmetik Group for $ 69 million (about Rs 324 crore) as part of its strategy to strengthen its presence in the Middle East and North Africa. -
Wipro Consumer expands personal care portfolio
Posted: July 23rd, 2010, 5:13pm EDT
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Wipro Consumer Care and Lighting is launching a range of skin care products that will expand the personal care portfolio for its flagship brand Santoor. -
ITC lines up Rs 23K cr investment plan
Posted: July 23rd, 2010, 3:26pm EDT
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Tobacco-to-hotels major ITC Ltd has lined up a whopping Rs 23,000-crore investment plan for the next 7-10 years to scale up its fast moving consumer goods (FMCG), paper, paperboards & packaging and hospitality businesses. -
ITC plans Rs 23,000 crore investment over 10 years
Posted: July 23rd, 2010, 3:51am EDT
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"The fast moving consumers goods sector in India is expected to triple in size to over Rs.355,000 crore by 2018," ITC chairman Y.C. Deveshwar told the 99th annual general meeting of the company here. -
Dabur in talks to buy Turkish cosmetics firm Hobi Kozmetik
Posted: July 22nd, 2010, 2:23am EDT
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Dabur India, makers of Vatika shampoo and Real juices, is in advanced talks to buy Turkish personal care company Hobi Kozmetik in what will be its first overseas acquisition, two officials close to the development told ET. -
Pricing power returns to laundry market
Posted: July 21st, 2010, 7:30pm EDT
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Pricing power seems to be returning to the Indian laundry market.Procter & Gamble (P&G), which was caught in a price-war with ace rival Hindustan Unilever (HUL) in laundry, has launched an upgraded version of Tide detergent at a higher price. -
Parle pips Britannia as No. 1 biscuit company
Posted: July 21st, 2010, 1:20am EDT
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Parle is said to have toppled Britannia Industries' numero uno position to become the largest selling biscuit company in India. -
Emami plans 300 per cent dividend, to seek shareholder nod in August
Posted: July 19th, 2010, 1:10pm EDT
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FMCG major Emami on Monday said it will seek approval from shareholders for paying 300 per cent dividend for the 2009-10 fiscal at an upcoming annual general meeting on August 19. -
Bihar, MP, UP, Rajasthan to prop Indian FMCG sales: Study
Posted: July 18th, 2010, 1:41am EDT
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Indian FMCG sector, pegged to reach a size of $43 bn by 2013, will see a major chunk of its growth coming from Bihar, Madhya Pradesh, Uttar Pradesh and Rajasthan in the next two years.