Weak enforcement results in Rs 15,000-cr of imitations sold annually.
The country will be the new battleground for the world's largest and second largest food companies
Onida's entry into mobile phones a year and a half ago has been a low-key affair. But not any longer, courtesy its television advertisement which plays on the brand name Nokia phonetically.
This would indicate the beginning of a slowdown after five quarters of robust top line and bottom line growth, say the analysts. They blame rising food inflation as the key reason for the lower consumer offtake.
Indian fast moving consumer goods (FMCG) players are once again on the prowl to acquire companies, as the economy picks up.
Emami may join the race to buy Simple, one of the largest skincare brands in the United Kingdom. Sources familiar with the development say the company is exploring all options and may approach the management of the UK-based company shortly.
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