Hindustan Unilever Ltd (HUL) has decided to divide its food and refreshments business into two separate businesses. India's largest consumer goods firm said that the change is in alignment with the category structure of Unilever globally. ...
India-based private equity firm Everstone Group has completed the acquisition of Modern Foods, a bakery business of the Hindustan Unilever Limited (HUL). Following the acquisition, Everstone aims to triple the brand's revenue to Rs 10bn ...
Tags: Everstone, Modern Foods, Acquisition, Bakery business, HUL
Indian food company LT Foods has entered into an agreement to acquire rice export business of consumer goods producer Hindustan Unilever (HUL) for around Rs250m ($3.76m). Under the deal, LT Foods will acquire two HUL brands - Gold Seal ...
Tags: LT Foods, Aquisition, HUL, Rice export business
Coca-Cola bottling firms Kandhari Beverages and Enrich Agro Food Products are planning to invest Rs5.1bn ($75.6m) to build manufacturing lines in Haryana state. A memoranda of understanding in this regards has been signed by the two ...
Tags: Coca-Cola Bottlers, Food Products
Hindustan Unilever Limited (HUL) has entered into an agreement for the sale and transfer of its bread and bakery unit, which functions under the name of Modern to Nimman Foods for an undisclosed amount. Nimman Foods is an investee company ...
FMCG major ITC is planning to venture into dairy business with the launch of ghee (clarified butter) by the end of the current quarter. The company is likely to roll out its range of dairy products within the next few years. The range ...
Tags: Dairy Products, clarified butter
Hindustan Unilever Limited (HUL)has decided to withdraw its Chinese range of instant noodles over pending product approval. HUL follows a strict quality management system and regularly monitors products for compliance to regulations. ...
Tags: Instant Noodles, HUL
Mumbai-based private equity firm Kedaara Capital has forayed into the packaging sector by investing close to $32m (Rs 200 crore) in an unlisted folding cartons and paper packaging company, Parksons Packaging. The company said that it ...
Tags: folding cartons, paper packaging, Packaging
Diageo-owned Indian alcoholic beverages subsidiary United Spirits has secured minority shareholders' approval to produce and sell Johnnie Walker whisky, Smirnoff vodka and other brands. The Press Trust of India reported that United ...
Tags: whisky, alcoholic beverages, Agriculture
India’s FMCG start-up Global Consumer Products is set to enter the country’s chocolate business with a new brand. The start-up plans to launch its own brand initially in the four southern states early next year, Business Line ...
Hindustan Coca-Cola Beverages, the bottling partner of Coca-Cola in India, plans to construct a new bottling plant in Telangana, a southern state of India, with an investment of about $163.5m (INR10bn). The company has sought land from ...
India-based automobile manufacturer Hindustan Motors has suspended production of Ambassador cars at its Uttarpara plant located outside of Kolkata. The move by the company came due to weak demands combined with lack of funds and doubts on ...
Tags: Auto Parts, Accessories, Car
Hindustan Tin Works (HTW), prominent Indian can and end maker, will celebrate the export of its “1 billion ends” at the Metal Packaging Plaza during Interpack. Atit Bhatia, sr. vice-president, HTW, said: “We are a ...
Tags: Metal Packaging, Interpack
India's state-owned refiners, who have all posted net losses over the first nine months of fiscal year 2013-2014 (April-March), are expected to turn in a profit for the full year as the government is likely to fully compensate them for ...
Tags: Refiners, Full-Year Losses
Indian refiner Mangalore Refinery and Petrochemicals Ltd is close to completing the long-drawn-out third phase of its expansion project, which will see a new petroleum fluid catalytic cracker and delayed coker unit come onstream at its 15 ...
Tags: Refinery Expansion, Metallurgy