Indian multi-business conglomerate ITC is planning to invest around INR10bn ($161.4m) into juice and dairy businesses, which are expected to be launched in the January-March quarter. The proposed capital will be invested in ...
Tags: manufacturing capacity, marketing, brand building, Agriculture
Ratos has signed an agreement to acquire approximately 67% of the shares in the Finnish LED optics company Ledil Oy from the company's founders. The purchase price (enterprise value) for 100% of the company amounts to EUR 97m, of which ...
Tags: LED lighting, LED optics company, Lights
Fair Friend Group recently set up with its local agent in India a 50-50 joint venture, Feeler Cosmos, to make machining centers for the Indian machine-tool market, which is projected to bring in NT$5 billion (US$166.6 million) in revenue by ...
Tags: Joint Venture, Manufacturing
Australia’s Pratt and Israeli statesman Peres team together for India’s next food and water revolution Australian billionaire paper, packaging and recycling magnate Anthony Pratt has partnered with former Israeli President ...
Pie Face collapses into voluntary administration Australian food franchise Pie Face has collapsed into voluntary administration. In a media statement, the Pie Face Group confirmed Jirsch Sutherland has been appointed as administrators. ...
Tags: Pie, Collapses, Agriculture
Just a month after Dutch electronics giant Philips said it would separate its healthcare and lighting businesses, German industrial conglomerate Siemens has announced a similar strategy. Siemens CEO Joe Kaeser announced Thursday that ...
Tags: Siemens, Healthcare Business, Medical Device
Chinese conglomerate Evergrande has introduced a new brand of imported infant formula milk powder to cater to the increasing demand for infant formula products in the country. The move comes after the company acquired majority stake in ...
Tags: Evergrande, a new brand, Food
US media reported that Apple sold 10 million iPhones in the opening week, breaking its previous record. Apple is now the second most profitable company by selling highly sophisticated products with high profits. The Industrial and ...
Tags: Most Profitable Company, ICBC
Mondelez International, an American multinational confectionery, food and beverage conglomerate, has named Brian Gladden, 49, as their new chief financial officer. Gladden, a former CFO of Dell, will be assuming office from December 1. ...
Tags: Mondelez International, CFO, Food
Trident Limited, the flagship company of US$ 1 billion Indian business conglomerate—The Trident Group, has inaugurated the world’s largest terry towel plant and also laid the foundation stone of its Composite Textile project in ...
Tags: Trident Limited, Terry Towel Plant, Textile
Life sciences conglomerate Danaher has announced plans to acquire dental firm Nobel Biocare Holding for $2.1 billion in cash. The deal, assuming it passes regulator muster, could close by the end of this year or early 2015. The move marks ...
Tags: Danaher, Swiss Dental Firm, Medicine
NEW YORK (AP) — General Electric’s net income rose 13 percent in the second quarter on strong performance from its aviation and oil and gas divisions. The company said orders, especially those in developing countries, were ...
Tags: GE, Electrical, Electronics
Samsung Group is said to be carrying out a sweeping “management assessment” on underperforming affiliates in the electronics sector in the wake of the second-quarter earnings shock of its cash cow Samsung Electronics. The ...
Tags: Samsung, Electrical, Electronics
India’s leading fabric manufacturer OCM India Limited has tied up with noted Italian designer M. Cristina Fedriani for designing its premium Winter fabric collection. OCM India Limited, the second largest worsted suiting fabric ...
Tags: OCM, Winter Fabric Line, Apparel
Dubai has announced plans to build the largest shopping mall in the world under a giant glass dome. The mall ranks as one of the most ambitious projects ever attempted in the emirate – even by the elevated standards of the region. ...
Tags: Shopping Centre, Service, Lighting