Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group.
The consumer products major Godrej would invest more than Rs 40 crore in the next 12 months in business process outsourcing as part of a major step towards diversification, a top company official said on Wednesday.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
Others in the top 10 include Uday Kotak at the 6th place with a wealth of Rs 94,100 crore, Cyrus S Poonawalla at 7th position with Rs 88,800 crore assets, Cyrus Pallonji Mistry at 8th spot with a wealth of Rs 76,800 crore, Shapoor Pallonji at 9th position with a net worth of Rs 76,800 crore and Dilip Shanghvi at 10th slot with Rs 71,500-crore wealth.
Godrej group company Lawkin on Saturday said it has bought the United States-based call centre UpStream for over $6 million from Rosenbluth International.
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
'It is inconceivable that there are no gays working in Indian corporations but obviously, the subject remains taboo enough in the workplace for those of alternate sexual orientation to feel safer remaining in the closet,' notes Kanika Datta.
The 58-year-old go-to man at the consumer goods maker will helm Global Beverages & Foods that will launch confectioneries, juices and snacks in six-nine months.
Swanky flats, mall to replace the iconic property.
Hershey's plans to raise its India presence and introduce some of its global brands, beside looking at more manufacturing facilities here.
The country's largest consumer goods company Hindustan Unilever says it has been able to reduce its water use by regular metering, monitoring and controlling of utilities consumption at all its manufacturing sites
The macro-economic situation has been brought under control: Godrej.
For most companies this would mean extending medical coverage to same-sex partners, say legal experts.
The government was hoping to roll out the GST regime from April 2016.
Burjis Godrej, 25, son of Nadir Godrej will join Godrej Agrovet in July
Polling for the 288-seat Assembly is being held in a single-phase on Wednesday.
The Parsi community runs India's respected corporate houses like the Tata, Wadia and Godrej groups.
'Some of the learning may be implemented in the Budget'
A strong supporter of the new tax regime, Adi Godrej tells Viveat Susan Pinto the second half of FY18 will be even better for consumer goods companies as challenges abate.
Godrej group Chairman Adi Godrej describes in an interview to Viveat Susan Pinto the way forward for the conglomerate after the implementation of the GST.
Noting that there is a huge potential in the agricultural sector, he said value added production through processing could add considerably to the economic growth.
"India will be home to a fifth of humanity, its economy 16 times bigger than today, and one of the world's largest consumer markets. India will be a world better in many areas"
In a bid to strengthen their bilateral economic ties, India and Indonesia plan to explore opportunities for co-operation in oil and gas, and railway sectors, among other areas.
Opposition politicians on Wednesday stalled a last minute attempt by Prime Minister Narendra Modi's government to pass the Goods and Service Tax bill.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
Rajan has a great track record abroad.
Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
Aggressive Hindutva elements have also disappointed industry captains
There has been a lot of concern in the FMCG industry after Patanjali's revenues crossed Rs 5,000 crore, on the back of an increased focus on health following the ban on Maggi noodles.
India Inc has pitched for rate cut to boost economic activities.
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