"The media environment here has absolutely changed. Social media has revolutionised what companies do in a crisis situation," said Kent Kedl, in charge of Greater China and North Asia for risk consultancy firm Control Risks.
French dairy major Danone's Managing Director Laurent Marcel called on Punjab Chief Minister Parkash Singh Badal here last evening.
French food group Danone plans to double its sales in India in the next three years, a company executive said, as the world's top yogurt maker raises focus on emerging markets to drive growth when its traditional European markets are slowing.
French dairy giant Danone, which had acquired the nutrition business of Wockhardt, plans to double the domestic baby and medical nutrition business in three to four years, a top company official has said.
French dairy major Danone said its new business unit here which is dedicated for developing products for the masses, will be rolled out to other cities by next year.
Strong emerging markets helped consumer goods giant Unilever avoid issuing similar profit warnings as two of its main rivals, although it did warn of tougher times ahead due to difficult economies and volatile input costs.
Pfizer Inc is near a deal to sell its baby formula business to Swiss food giant Nestle SA for at least USD 9 billion, the Wall Street Journal reported on Tuesday.
The world's biggest food group Nestle said weakening consumer sentiment in developed markets would make it harder to improve margins as it raised its sales growth outlook for 2011 after beating forecasts for the first nine months.
The Bombay High Court today directed the debt-laden pharma company Wockhardt to clear all dues to its bondholders by August next year and allowed the sale of its nutrition business to French foods major Danone.
Wockhardt has finally reached an agreement with its bondholders over a payment schedule proposal as directed by the Bombay High Court.
French dairy firm Danone today launched a new business unit in India dedicated for developing products for the masses, as it looks to expand its presence in smaller towns and cities.
French major Danone has begun its solo ride in India with the roll out of select food products in Indian stores. CNBC-TV18's Tanvi Shukla and Gopika Gopakumar take a look at the company's menu for India.
Last night, troubled pharma major Wockhardt agreed to sell its nutrition business to French giant Danone. But CNBC-TV18 learns that it is not all hunky dory for the company as the deal may face objections from Wockhardts’ lenders.