The three promoters - Anil Kumar Sharma, Ajay Kumar and Shiv Priya - had diverted Rs 1,500-1,600 crore through bogus methods like loans and advances between group firms at inflated rates.
Recent data from market analytics firm Nielsen shows that the rural market in the country's 630,000-odd villages is pulling down the overall FMCG business.
Mumbai metropolitan region, comprising Mumbai city, Navi Mumbai and Thane, leads the pack (in delayed projects) with 210,000 units at an approximate valuation of Rs 2.34 trillion.
The move, however, is unlikely to prompt its rivals in India - Chinese manufacturers like Oppo, Vivo, and Xiaomi - to do the same.
The regional players are outrightly opposed to the idea, while MNCs are looking for procedural changes that, they say, will align the labelling criteria with global practices.
To lure health-conscious consumers, who prefer lower intake of sugar, Mondelez is launching a variant of its most sold product Dairy Milk bar with 30 per cent less sugar.
Young consumers said that Oppo's constant focus on camera prowess and its long-lasting batteries remained at the top of their mind
Without Google's Android operating system, Huawei may have to put off new launches.
Taco Bell operates through over 500 restaurants in 30 countries outside the US. In the US, it has around 7,000 restaurants.
'The Chinese outdid them in the price game and turned the competitive dynamics at the lower end of the handset market from price to value.'
Major carmakers in the country are loading barrels for the coming battle in the field, reports Arnab Dutta.
From Samsung to Apple iPhone XR, smartphone firms are showering discounts in April.
Consumers can effectively make payments using UPI and other debit cards, credit cards and internet banking across 120 banks and over 120 billers, Xiaomi said.
Adidas' profit after tax has grown to Rs 140 crore in 2017-18.
Initially, it is targeting locations such as upmarket malls in major cities, such as Delhi and the surrounding region, Mumbai and Bengaluru.
From spreading updates about the brand and upcoming devices to creating personalised world-of-mouth goodwill for Xiaomi -- its online army of fans have swelled parallelly with Xiaomi's fortunes in the country.
Nokia, that has already begun manufacturing of 5G equipment at its Chennai plant, is also readying for exporting the products to several key markets like the US.
After the government backtracked on its plan to impose Customs duty on pricier components, Samsung has decided to begin production of key mobile parts in Noida from April.
Coca-Cola will, apart from the coming World Cup in England and Wales, feature as the exclusive non-alcoholic beverage partner at all major ICC events -- men's and women's T20 World Cups in Australia in 2020, ICC Women's World Cup 2021 in New Zealand... Also, the World Cup 2023, to be hosted by India.
It has captured 38 per cent of the feature phone segment in 2018 through frequent innovation, says Arnab Dutta.
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