After a little more than a decade, IKEA has probably understood one thing about India – it needs to be flexible to do business in a nation with 1.3-billion population.
Nielson data found that categories with a high contribution of small packs have seen decline in sales compared to last year.
The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers.
Talking about the FPI, he said, “Maybe it was best if it is never done but now that’s done and gone. Now we do not need to correct the situation and then we have to see whether the economy picks up.”
The Godrej group firm, which aims to be among top-three appliance makers in the country, is expanding its product portfolio and has plans to make foray into segments such as air coolers.
Adi and Nadir Godrej want to use the whole of the land which the group also showed as its intent a few years back but cousin Jamshyd Godrej doesn't want the land to be excessively be developed commercially.
The group is intertwined as most family-owned businesses in India have been since their beginnings. The differences have emerged as the family grew in size, and the younger generation joined the ranks where their leadership styles differed.
Godrej Locks is looking to tap the real estate sector, hotels, hospitals in India, while expanding its reach in international markets simultaneously.
He explained that there are a lot of government rules, which only allow marketing under certain conditions.
The JV would develop, lease, and manage around 1 million square feet of prime office and retail space on the 4-acre property.
It has also picked up minority stake in Goa's retail chain Magsons group, for an undisclosed amount, as part of its expansion strategy.
GCPL is reportedly exiting the baby care space after 15 years.
Revenue increased around 16 percent YoY and earnings before interest tax and depreciation improved around 17 percent.
Every great Indian family has a fable for succeeding generations of consumers and stake holders. Here’s the story of the House of Godrej.
The anticipated aquisition of a stake in Ruchi Soya could provide Godrej Agrovet's palm oil business significant expansion opportunities. Though EPS dilutive in the short run, we see significant synergies to flow in from the deal in the longer run.
With an operationally diverse yet synergistic verticals, the company has consistently generated strong returns over the past years which is expected to continue in coming quarters. Given the company’s exposure to the Agri and animal husbandry sectors which were at the core of budgetary allocations and development objectives, the company is positioned to benefit.
The Godrej group patriarch also suggested the companies, especially the family-held enterprises, to ensure a better corporate governance, which in turn would turn them more competitive in the global market.
Godrej Industries Limited (GIL), has reaped huge dividends from its investments across various businesses like FMCG and property development by taking them public.
"With GST most of our locks will be levied at 18 per cent tax. We have decided to pass on the benefit to the consumers by suitably revising its wholesale and retail prices across the country," Godrej Locking Solutions and Systems VP and business head Shyam Motwani told PTI.
The company plans to raise Rs. 500 crores-Rs. 600 crores via the initial public offering; it has appointed Edelweiss Securities and IDFC Bank as merchant bankers for the share sale process
Godrej Industries owns 60.8 percent in Agrovet, which is in businesses such as agri-inputs, animal feeds, palm oil manufacturing, dairy and poultry.