Financial services firm Goldman Sachs has paid a large chunk of the nearly $30 million legal fees for its former board member Rajat Gupta's defence, a media report said.
Former Proctor & Gamble chairman Bharat Patel will join the Indian Premier League as an advisor to interim chairman Chirayu Amin, the Board of Control for Cricket in India said on Tuesday.
Forty-four per cent management students graduating in 2010 have voted the FMCG sector as the most preferred industry to work in, terming giants like Hindustan Unilever Ltd and Proctor & Gamble as "dream companies", a survey said.
Globally, companies like Coca Cola, P&G and Unilever have adopted the performance-based model. In India, the trend is gradually catching on. A Coca Cola India spokesperson said the company is in the process of moving from an input-cost based compensation system for its agency partners towards a value-based one. This model is about paying agencies for results, not activity. HUL refused to comment, citing policy constraints on speaking about remuneration.
Companies from Unilever to Proctor & Gamble, Nestl, Coca-Cola and PepsiCo have all alluded to lockdown challenges in India and the globe as well as the impact it will have on April-June as well as full-year numbers.
The lowest FMCG index valuation has been around PE 27, while the highest have been above 42PE.
It will now take at least two more years to get a clarity on the priorities and policies of the leadership of the new state of Telangana.
More and more companies are warming up to the idea of reverse mentoring.
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