Bombay Burmah sees quick divestments, eyes buyouts.
Bollywood actress Preity Zinta, who is also co-owner of Kings XI Punjab cricket team, has filed a police complaint against her former boyfriend and businessman Ness Wadia, alleging that he molested, abused and threatened her inside Wankhede stadium in South Mumbai.
The advantage could translate into Groupe Danone buying the Wadias's stake in Wadia BSN, the 11-year-old venture between the two groups, and hence pave the way for Groupe Danone doing business on its own in India.
Industrialist Ness Wadia, facing allegations of molesting his former girlfriend and Bollywood actress Preity Zinta, on Wednesday wrote to the Mumbai police listing the names of nine witnesses he wants quizzed in the case even as investigators are likely to record his statement in the next 48 hours.
The move will result in Britannia and Wadia BSN, being dismantled.
French firm in talks with Wadias over future relationship.
Ness gets Bombay Burmah, Bombay Dyeing goes to Jeh.
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.
India produced 97 million tonnes of dairy products in the year to March 2006 and Danone seeks an increased market share, especially in the speciality product portfolio.
There were certainly qualities adhering to the Tata Group, which emanated from the persona of Ratan Tata. Most notable of these would be the low profile he maintained, which sharply contrasted the in-your-face celebrity status, celebration of wealth and pursuit of importance many of liberalised India's rich, love, notes Shyam G Menon.
Kings XI Punjab owner Ness Wadia said the spot-fixing scandal that rocked the Indian Premier League last year has made a dent on brand IPL.
In a breather to the Mumbai-based realty developer G L Raheja group in its long-drawn legal battle with Wadia Group Chairman Nusli Wadia over a 478-acre prime plot in Malad, Mumbai, the Bombay High Court on Thursday allowed an appeal filed by a Raheja unit against an earlier order, which was in favour of Wadia.
Early on March 26, 2024, the Francis Scott Key Bridge in Baltimore, Maryland, in the United States collapsed after it was struck by a container ship, the Dali.
Ratan was extremely ethical in his dealings, which he brought to bear on the business house which he helmed, remembers Sailesh Kottary.
Even as the textile-to-airline Wadia group and French dairy major Groupe Danone try to settle their differences on joint venture agreements, the legal battle between them in the Avesthagen case shows no signs of abating.
The ongoing tussle between the Mumbai-based Wadia group and European food major Groupe Danone, which was scheduled for a hearing in the Bombay high court on January 10, will now be heard on January 12.
In a new twist to Preity Zinta-Ness Wadia episode, the Wadia group has filed a police complaint claiming they received threatening calls and a text message from an underworld don warning that their "business will be in trouble" if the actress was harassed.
Indian business group Wadia is to join an ever-growing queue of companies wanting to launch a low cost domestic airline, the Economic Times reported Wednesday.
Wadia had filed a writ petition in the Bombay high court seeking a declaration that the possession of the property, Jinnah House, by the Indian government was illegal and prayed for restoration of the same to the petitioner.
The Wadia group is looking to renegotiate the price of Groupe Danone's stake in Britannia Industries following the market slump and the credit squeeze in the global markets.
Britannia Industries Ltd on Thursday said it has appointed Jeh N Wadia and Emmanuel Faber as additional directors on the board of the company. \n
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 Supreme Court has dismissed a petition filed by New India Assurance to evict Nusli Wadia, chairman of the Rs 1,000-crore Bombay Dyeing Group, from his Malabar Hills flat in Mumbai, rented to him since 1972.
The government on Friday said it would examine a complaint by the Mumbai-based textile-to-food conglomerate Wadia group against Groupe Danone, its French joint venture partner in Britannia Industries Ltd.
The onus to provide proof that the new project would not jeopardise the interests of the existing joint venture lies equally with the foreign investor and the Indian partner.
Businessman Ness Wadia, who has been accused of molestation and abuse by his former girlfriend and Bollywood actress Preity Zinta in a police complaint, said on Friday he was shocked by the allegations and termed them as "false and baseless".
Wadia group, the promoter of budget airline GoAir will invest $30 million with SIA Engineering, a subsidiary of Singapore Airlines, for maintenance, repair and overhaul services in the country.
An exclusive excerpt from The Tatas: How A Family Built A Business And A Nation.
Textiles-to-aviation conglomerate Wadia Group, which made a foray into the real estate space recently with a new company Bombay Realty, on Tuesday launched a fully integrated, mixed use development project -- 'Island City Centre' -- in south central Mumbai.
French dairy major Groupe Danone and Mumbai-based Wadia Group on Tuesday gave the finishing touches to a pact to end their 13-year-old joint venture for running Britannia Industries, India's largest food products firm. With it, they buried their bitter intellectual property disputer over the Tiger brand.
The warring promoters of FMCG major Britannia - the Wadias and the French dairy giant Danone - are looking at sorting out intellectual property rights issues
Japan's Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore, the Wadias-run company said on Wednesday. The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital.
The Working Group set up to look into the implementation of the findings of Lodha Committee report on IPL spot-fixing scandal met representatives of Mumbai Indians and KXIP co-owner Ness Wadia, who stated that he is not in favour of inviting foreign teams to fill the void.
Mumbai-based Wadia group and French food major Groupe Danone are currently fighting it out in the Bombay high court with the next hearing scheduled for January 10, 2006.
The Bombay high court on Tuesday restrained French dairy major Groupe Danone from selling the shares of Avesthagen, a Bangalore-based bionutritional company.
Avesthagen's promoters also refute violation of non-compete clause.
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