The euro 14 billion French dairy major, Groupe Danone, has formally initiated arbitration proceedings to end its partnership with the Mumbai-based Wadia group.
The move will result in Britannia and Wadia BSN, being dismantled.
As it turns out, in recent years, companies operating in India have been increasing royalty and technical payments to their parent or associate companies at a fast pace.
French firm in talks with Wadias over future relationship.
Dispute over competing investments may carry on.
Britannia, which holds over 38 per cent of the market in value terms, is investing Rs 130 crore (Rs 1.3 billion) to increase its capacity, 433,000 tonnes of biscuit last year, by 20,000 tonnes.The move is designed to wrest market leadership in volume terms as well, a position now held by rival Parle.
The development comes at a time when Eveready is on the lookout for strategic investors, including a possible stake sale in its battery business.
According to Wadia, the (then) State of Bombay took over the property, because Jinnah's sister Fatima was the trustee of Jinnah's will, and had been declared an evacuee (those who migrated to Pakistan post-partition) in 1949.
Born in Himachal Pradesh, Chaudhary was the country's second woman IPS officer after Kiran Bedi.
The change in ownership is expected to give a fresh lease of life to the company that has often been dragged by financial stress in its close to three-decade journey under the Khaitans, reports Ishita Ayan Dutt.
Continuing its dominance in the Indian domestic market, Airbus on Wednesday announced that the Bombay Dyeing promoted GoAirline has signed a deal for taking four Airbus A320
According to Sebi's listing obligations and disclosure requirements, a company has to report any fraud, default by promoter or arrest of key managerial persons or promoters as it is a material event.
In a video posted after the alleged attack, Goswami said he was told by his security guards that the attackers were allegedly Youth Congress workers. However, there was no confirmation of the same by either police or the youth outfit.
Amid a row over snooping on close relatives of Netaji Subhas Chandra Bose, his nephew, Ardhendu Bose, on Monday alleged that the Nehru-Gandhi family has tried to erase the nationalist leader's legacy.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
A bench headed by Justice D Y Chandrachud on Friday gave reasons for granting relief to the TV anchor and two others in the case.
The gorgeous Karan Kapoor will be back in India soon. Very soon!
The Mumbai police have provided security at the office of industrialist Nusli Wadia following threat calls from fugitive underworld don Ravi Pujari, police said on Thursday.
'It was unfair to expect him to continue to keep on supplying vaccines without being given a firm commitment or a financial grant of any sort.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
These hotties have been the toast of the fashion world this year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
Ten months after new Sebi norms set in, some senior directors still hold more board seats than allowed.
Zomato's Users Choice Awards features the best restaurants in Mumbai.
The broader markets underperformed benchmark indices as the BSE Mid-cap and Small-cap tumbled over 2%.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Mumbai police chargesheets billionaire-builder Chandru Raheja for cheating, breach of trust; Rahejas call it pressure tactic, say Wadia plea was thrown out by Supreme Court
The one common theme across companies that have rewarded shareholders is consumption.
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