Oct 03, 2020 09:09 AM IST
Danone acquired the Protinex brand after purchasing Wockhardt Group's nutrition portfolio in 2012.
- Jan 22, 2019 05:41 PM IST
The current transaction is routed through a subsidiary, so all proceeds (post capital gains tax) would come to the company and it remains to be seen whether it will be shared with shareholders.
- Jan 17, 2019 11:28 AM IST
The French dairy maker might have failed through joint ventures, and on its own. But its attempt as a venture investor may actually pay off.
- Aug 29, 2018 05:05 PM IST
In an order dated August 28, the Competition Commission of India (CCI) said "no prima facie case of contravention of the provisions Section 4 of the (Competition) Act" is made out against Nutricia.
- Apr 19, 2018 05:55 PM IST
Further, he expects it to strenghten product offerings and distribution. Currently, the products that are sold in the northern part of India are supplied from the company's Manchar plant in Maharashtra.
- Feb 11, 2018 01:49 PM IST
Yakult Danone India, a 50:50 JV between Japan-based Yakult Honsha and Groupe Danone of France, is currently present in 40 cities across 12 states in the country.
- Mar 09, 2017 04:36 PM IST
French nutrition and dairy major
Danone has expanded its offerings in the dairy segment with
launch of Greek yogurt as it targets doubling its India
business by 2020.
- Jan 16, 2017 02:52 PM IST
The company, which today launched its global flagship infant nutrition brand 'Aptamil' In India, is also looking to leverage on its Indian manufacturing operations to export to neighbouring countries such as Nepal, Bangladesh and Sri Lanka.
- Nov 21, 2016 12:22 PM IST
Distributors usually transact in cash with retailers and in turn pay manufacturers via bank accounts. BeatRoute Innovations, a startup that focuses on facilitating last-mile trade between packaged goods companies, distributors and neighbourhood stores, is launching a cashless transaction service for traders and distributors to ease their hardship.
- May 18, 2015 12:51 PM IST
Credit Suisse has maintained underperform rating on the stock but increased target price to Rs 6450 per share.
- Dec 16, 2014 11:18 AM IST
Wockhardt has had a fair share of difficult times too. In 2008, the pharma company‘s net worth had eroded to near bankruptcy. Global financial crisis and major foreign exchange losses had hurt it as well. To tide over the crisis, the company decided to go in for CDR in 2009.
- Jul 06, 2013 04:39 PM IST
"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.
- Dec 13, 2012 06:00 PM IST
French dairy major Danone's Managing Director Laurent Marcel called on Punjab Chief Minister Parkash Singh Badal here last evening.
- Nov 29, 2012 04:00 PM IST
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.
- Oct 01, 2012 10:33 AM IST
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.
- Sep 27, 2012 10:23 AM IST
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.
- Jul 26, 2012 01:56 PM IST
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.
- Apr 18, 2012 06:46 AM IST
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.
- Oct 20, 2011 02:45 PM IST
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.
- Oct 11, 2011 08:54 PM IST
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.
- Oct 11, 2011 07:13 PM IST
Wockhardt has finally reached an agreement with its bondholders over a payment schedule proposal as directed by the Bombay High Court.
- Oct 05, 2011 05:50 PM IST
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.
- Sep 07, 2011 10:00 PM IST
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.
- Aug 03, 2011 10:25 PM IST
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.
- Aug 03, 2011 10:28 AM IST
Carol Info Services touched a 52-week high of Rs 246.10. At 10:22 hrs the share was quoting at Rs 238.55, up Rs 27.15, or 12.84%. Danone will acquire Wockhardt's nutrition business and brands as well as related industrial operations from Carol Info Service. Carol Info is a subsidiary of Wockhardt, reports CNBC-TV18.