The board of directors of FSN E-commerce Ventures announced in a regulatory filing that it has deliberated on implementing restructuring initiatives for its group businesses during a board meeting on Tuesday. The primary aim of these measures is to achieve strategic objectives by creating operational synergies through the rationalisation of business operations and assigning them […]
In a significant development, the Competition Commission of India (CCI) has granted approval for the complete acquisition of Wistron Infocomm Manufacturing (India) by Tata Electronics. The proposed deal involves the acquisition of the entire equity share capital of Wistron Infocomm Manufacturing (India) from SMS Infocomm (Singapore) and Wistron Hong Kong by Tata Electronics, a greenfield […]
Haldiram’s is in discussions to purchase a controlling interest in listed competition Prataap Snacks for USD 350 million to strengthen its foothold in the potato chip industry, news agency Reuters reported. Prataap Snacks shares in Mumbai jumped about 13 per cent to their highest levels since 2018 after the news, before paring some gains to […]
In a strategic move aimed at strengthening its position in the health and wellness sector, Tata Consumer Products is on the verge of acquiring Organic India, a prominent organic tea and Ayurvedic health products firm, according to media reports. Industry insiders suggest that an official announcement regarding the proposed acquisition, which is anticipated to be […]
Dabur said in a third-quarter report on Thursday that it anticipates consolidated sales to climb in the mid to high single digits, a small improvement over the July-September period. The company which is the producer of Real juice, Homemade sauces, and Chyawanprash stated in a stock exchange filing that its foods and beverages business, which […]
Zomato’s shares opened higher on 22 December, a day after CEO Deepinder Goyal denied reports of the company planning to acquire Shiprocket for USD 2 billion. Goyal stated in a post on X (formerly Twitter), “We have noticed that there are certain news articles circulating in the mainstream media with the subject ‘Zomato offers to […]
Titan Company announced on Friday that its subsidiary, TCL North America, has inked an agreement to acquire a 10 per cent stake in CueZen, a Delaware Corporation. In a regulatory filing, the company stated, “TCL North America Inc., a wholly owned subsidiary of the Company, has today signed a Series Seed Stock Purchase Agreement with […]
Suzuki Motor Gujarat, a wholly-owned subsidiary of Maruti Suzuki, has surpassed the milestone of three million production on a cumulative basis. The Gujarat unit commenced operations in February 2017, and within around six years and 11 months has achieved the three million production mark. In a release, the automaker said that the last one million […]
Wipro Consumer Care and Lighting has completed the acquisition of personal care brands Jo, Doy, and Bacter Shield from VVF (India), marking its 15th acquisition to date and the third in the past twelve months. This move reflects the company’s plan to expand its presence in the personal wash segment, as its already existing portfolio […]
India’s UltraTech Cement said on Thursday it will buy the cement business of Kesoram Industries (KSRM.NS) in an all-stock deal valued at Rs 5,379 crore, in a move to add heft to its hold in the southern part of the country. As a part of the deal, UltraTech will issue one share for every 52 […]
