The turnover of GSL is Rs 625 crore. Godrej Sara Lee was formed in 1995, a year after Godrej acquired the Good Knight brand from R Mohan.
At present, Godrej Sara Lee's portfolio largely consists of household insecticide brands like Hit and Good Knight in India, apart from Sara Lee's air purifier brand, Ambi Pur.
"If at all Godrej plans to buy out the global household business of Sara Lee, there will be strong competition from multinationals like Unilever and P&G. So, it is unlikely that GCPL will go ahead with it," a research analyst from Religare Capital Markets said.
Global consumer goods firm Sara Lee Corp is selling its 51 per cent stake in joint venture with Indian company Godrej to Godrej Consumer Products Ltd for 185 million euros (about 234 million dollars), as the US-based company focuses on growing its food and beverage businesses.
'It feels like the universe gently whispered, 'Pause, don't rush away yet, there's a story waiting for you here'.'
Here's a quick look at all the winners of the 83rd edition of the Golden Globes.
A round-up of Tuesday's action in the UEFA Champions League.
Godrej to focus more on own brands as the licensing agreement with Sara Lee ends in two years.
On its radar are Alberto-Culver and the personal care and laundry portfolios of Sara Lee, both recent acquisitions of Unilever.
It has set in motion an integration exercise that will see it transfer its category knowledge and expertise in hair colour and household insecticides to the acquired units.
IIT-ians share some common values -- even those from different IITs demonstrate these similarities. These are basically a down-to-earth approach, good work ethics and an application of our mind to problems and challenges.
The group's much-touted acquisitions in recent years follow a series of disappointments in joint ventures.
Star has sold ad slots for the show, which goes on air from January 22 at an estimated Rs 10-13 crore per sponsor, said sources.
After acquisitions in Europe and Africa in the last 12 months, the Godrej group is now looking at possible acquisitions in Brazil and Indonesia.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
Lakshya Sen's woeful run continued as he made a first round exit
The iconic British brand acquired by Unilever in 2009 from American major Sara Lee, is attempting to get a new image with actors Sidharth Malhotra and Varun Dhawan.
The stars Rediff.com Contributing Photographer Pradeep Bandekar encountered on Thursday.
As Sachin turns 50, Rediff brings you 50 fascinating facts about the God of Cricket.
'Women's voices are too high or too low, or they are seen as too short or too tall, or too fat or too thin, to be great leaders.' 'These judgments wear us down.'
Harmanpreet Kaur blasted a six in the penultimate delivery to power India to a one-wicket win over South Africa in a last-ball thriller at the ICC Women's World Cup Qualifier Final at P Sara Oval, in Colombo, on Tuesday.
The honorees smiled, held hands and exchanged hugs as they filled the stage at the glitzy event attended by top athletes and celebrities in downtown Los Angeles.
The Democratic presidential nominee has gained a whopping 15 per cent national lead owing to the recent gaffes made by her Republican rival.
New Zealand continued their unbeaten run at the ICC Women's World Twenty20 cricket tournament by coasting to a convincing six-wicket win over Australia to register their third consecutive win in Group A, in Nagpur on Monday.
Defending champion Saina Nehwal inched closer to retaining her women's singles title, while other top Indian shuttlers, including P V Sindhu, also made it to the semi-finals of the $120,000 Syed Modi International Badminton tournament.
On Wednesday, the ever so tech savvy Prime Minister Narendra Modi joined Instagram. His first ever post was from Myanmar where he is for the ASEAN summit. As the Instagram community continues to grow internationally, political leaders across the globe have increasingly adopted Instagram as a way to share and connect with the people they represent. If you're curious about what life is like as the leader of a far away country, explore these Instagram accounts:
Top seed R M V Gurusaidutt entered the men's singles semi-finals, but women's defending champion P C Thulasi and reigning National champion Sayali Gokhale were knocked out of the US $15,000 Tata Open India International Challenge Badminton tournament at the Cricket Club of India, in Mumbai, on Friday.
Sports stars around the world joined in the celebrations of the New Year and took to social media to wish their fans and followers a Happy New Year.
Former world number one Maria Sharapova eased past defending champion Peng Shuai 6-3, 6-1 at the Tianjin Open on Saturday to reach her first WTA final in almost two and a half years.
The best camera is the one you have in your pocket. Ever since the release of the first iPhone, the iPhone Photography Awards, now in its 11th year, highlights the best of the best. This year's winners were selected from thousands of entries and from photographers in 140 countries. The winning image, taken by Jashish Salam of Bangladesh and titled "Displaced," shows a crowded refugee camp with Rohingya children watching a film about sanitation. Other awards included prizes for photographer of the year and 18 other categories like Nature, Children and Travel. Check out the winning images.
Kidambi Srikanth and two-time bronze medallist P V Sindhu will headline a 21-member Indian contingent as they gun for the elusive gold medal at the World Badminton Championships starting in Glasgow on Monday.
Glasgow World Championship bronze medallist Saina got the better of two-time World champion Marin 22-20, 21-18 and in the process avenged her second round defeat to the Spanish ace at the Japan Open.
Star India shuttlers P V Sindhu and Kidambi Srikanth notched up comfortable victories but it was young Mumbai player Harsheel Dani who hogged the limelight at the Syed Modi Grand Prix Gold when he stunned H S Prannoy in straight games to storm into the quarter-finals in Lucknow on Thursday.
After months of anticipation (and 31,000 submissions from the British public), the Britain's Duchess of Cambridge's final selection of images for Hold Still is available to view on the National Portrait Gallery's website. Designed to "capture and document the spirit, the mood, the hopes, the fears and the feelings of the nation" during lockdown, the project brings together 100 moving amateur shots of everything from at-home haircuts to make-shift classrooms; exhausted NHS staffers on duty to dedicated postmen in superhero costumes; pensioners FaceTiming with their grandchildren to mothers cradling their newborn babies. Below, see 22 remarkable images from Hold Still - then head to the The National Portrait Gallery website for the full exhibition.
It seems to be a Tom Hanks and Cate Blanchett show all the way!
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