'Our vision is to create next generation beverages with water placed on the wellness platform. The Himalayan brand is our first step in this direction and will be available across the country in the next 6-9 months,' says Pradeep Poddar, managing director and CEO, Mount Everest.
The parent firm and promoter firm Panatone Finvest have pledged its 10.53 per cent stake, or 30 million shares, of Tata Communications. On Tuesday's closing price of Rs 442.30, the value of the stake would be Rs 1,326.90 crore (Rs 13.26 billion). The promoters hold 76.24 per cent stake in the company.
It's puzzling why Indian cos keep their acquired brands out of play.
England's soccer league teams are following the lead of multinationals and beginning to look to emerging markets for growth, with Premier League leader Arsenal FC on Tuesday announcing an initiative aimed at giving it a foothold in India.
Tata Tea, which sold its stake in US-based Glaceau last year, plans to begin selling a low-priced bottled water in the country through its unit Mount Everest Mineral Water, to take on global rivals such as Coca-Cola and PepsiCo in the Rs 1,500-crore packaged drinking water market."We want to do it quickly,'' Pradeep Poddar, managing director and CEO, Mount Everest, said. "The market is still very young and we can evolve it further through marketing new offerings."
'I believe that to be a successful leader, you need to develop fly vision.'
Godrej Consumer Products Ltd is trying to make sure it does not overload shops with stocks. And Marico is teaching store owners to use computers.
In a giant move, the Kanan Devan Hills Plantations company has decided to invest Rs 375 crore (Rs 3.75 billion) in Ethiopia to develop 10,000 hectares of tea plantation.
At a time when the automobile industry is eyeing a market of 2 million cars by 2010, various automobile projects of industry majors, including Tata Motors and Mahindra and Mahindra, are running behind schedule.
For the purpose the ministry will rope in the private sector companies to give a boost to Indian tea abroad.
Tata Coffee Ltd, owned 51 per cent by Tata Tea, plans to launch 100 coffee outlets in the country over the next five years to enhance presence.
Post a correction 14,000 cannot be ruled out post March 2007 results.
Next time, when you drink your favourite black tea, it would come with a quality certification.
Dire warnings that the future wars will be fought over water may come true sooner than anticipated, albeit with a flavour. At least four behemoths, three of them multinationals, will soon mount an assault on the flavoured water market.
The Tata group's investments in setting up a global institute like the cancer hospital and the Tata Motors project would be the forums for other investments in the state, said Tata.
The gap between stand-alone Indian figures and global figures can be the difference between sell and buy.
Soft drink giant Coca-Cola on Friday announced it will acquire US energy drink maker Glaceau, in which India's Tata Group has 30 per cent stake, for $4.1 billion in cash.
Khusrokhan has been with Tata Chemicals as its executive director. Prior to which, he was managing director at Tata Tea from 2001-04.
The Tata group is looking to spin off its bottled water business into a separate company.
Intimate getaways offered in the form of homestays by hotels are proving to be the flavour of this extraordinary and difficult time. Not far from cities, they offer a pleasant respite from homebound lives, says Pavan Lall.
Citing the continuing 'cyclical turnaround' in the economy and the 'positives' in Union Budget for 2003-04, mutual fund Franklin Templeton has said the FMCG segment was in for better times.
The Tata Group on Wednesday announced that it would set up a cancer hospital in Kolkata and make further investment in West Bengal.
Sterling Group is believed to have paid Rs 30 crore (Rs 300 million) for acquiring the entire 65.45 per cent stake of Turner Morrison in Barista Coffee outlet chain.
Pakistan's Lakson group has set up a joint venture with a British subsidiary of India's largest tea producer -- the first such partnership between companies of the two South Asian nuclear rivals.\n\n\n\n
These start-ups include high-growth companies such as Ola, Paytm, Lenskart, UrbanClap and Urban Ladder. Nearly half of these have gone on to raise follow-on funding, a key measure of success for start-ups. A few have become unicorns, the term for start-ups valued at $1 billion or more.
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