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Tag Archives: FMCG

GNFC aims to become zero-debt by end of fiscal 2017-18: Report

Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) is reportedly aiming to become zero-debt by the end of fiscal 2017-18, even as it plans foray into FMCG segment through its neem project. The company has made repayment of highest ever debt this year amounting to Rs 780 crore. The company’s debt ... Read More »

McLeod Russel to form JV with Eveready Industries for packet tea business

McLeod Russel India will initiate discussion with Eveready Industries India for participating in a joint venture (JV) as a strategic business partner for development of packet tea business through a separate entity. The board of directors of McLeod at its meeting held on May 30, 2017 has approved for the ... Read More »

ITC wins Porter Prize 2017 award

ITC has won Porter Prize 2017 award in Mumbai for Excellence in Corporate Governance and Integration and its contribution in Creating Shared Value. The award was in recognition of its performance, which is being reflected in synergies between different aspects of business, performance and control mechanisms. The Porter Prize recognizes ... Read More »

ITC’s arm enters into collaboration with PTC, Oracle: Report

ITC’s technology solutions subsidiary – ITC Infotech has reportedly entered into a joint collaboration with PTC and Oracle to offer an Augmented Reality (AR) solution for Connected Service. The shift to service-based revenue models is forcing enterprises re-imagine the service function with technology relevant for future ready businesses. ITC Infotech ... Read More »

Marico aims 10% of sales from e-commerce route: Report

Marico is reportedly aiming to garner 10 per cent of its top-line from e-commerce. Having acquired a 35 per cent stake recently in Ahmedabad-based start-up Beardo, the FMCG major will be relying on such acquisitions to give a boost to its online sales in categories such as premium male grooming ... Read More »

Parag Milk Foods launches mango fruit milk juice ‘Slurp’

Parag Milk Foods has expanded its product range with the launch of ‘Slurp’, a mango fruit milk juice, as part of plans to become one of the largest FMCG dairy organizations. With this, the company has entered into Rs 8,000 crore mango juice segment and it is entering into this ... Read More »

Sensex recovers 23 pts in cautious early trade

Mumbai :  The benchmark Sensex opened on a cautious note to recover almost 23 points in early trade today on fresh buying by investors in select blue-chips amid foreign fund inflows and mixed Asian cues. However, investors turned cautious ahead of the exit poll results due tomorrow for the ongoing assembly elections. ... Read More »