UB's beer brand will take on Bacardi's Breezer in the flavoured alcoholic beverage market.
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.
RIL is doing better than the regional benchmark due to its ability to process heavy and sour crude, coupled with the higher product prices of petroleum products in the overseas markets. The company's GRMs were $13.6 a barrel in Q2 FY08. Analysts at domestic brokerage houses are estimating the GRMs of Reliance Industries at $14-$15 a barrel compared with the regional benchmark Singapore refining margin of $8 a barrel last month.
The appreciating rupee has taken its toll on Tata Consultancy Services' June quarter numbers, with the top line growing just 1per cent sequentially in rupee terms to Rs 5202.8 crore (Rs 52.02 billion).
While the enterprise value of 595 million may seem expensive for the acquisition of Whyte & Mackay by United Spirits, the fact remains that scotch is in short supply globally and there aren't too many companies up for sale.
Infosys' March quarter numbers may have come in a tad below expectations with revenue growth at just 3.2 per cent quarter-on-quarter and a drop in the operating margins owing to an appreciating rupee.
The closure of its Sewri facility has dented Colgate's second-quarter performance
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