Why Is Karsan Bhai Patel Delisting Nirma? (VC Circle)
When every entrepreneur dreams of listing his company, it's strange one of India's most famous entrepreneurs is taking his company private. India's leading value-for-money detergent maker Nirma Ltd has moved a step further in delisting from Bombay Stock Exchange and National Stock Exchange. The company's open offer to buy the remaining 22.8% shares from the public market is considered successful as the promoters - who currently own 77.2% - have bought up enough shares that their stake is now over 90% limit, which is the mandatory holding according to SEBI rules for delisting.
http://blogs.vccircle.com/why-is-karsan-bhai-patel-delisting-nirma/
Colgate-Palmolive Q3 net profit down 43 pc to Rs 66.24 cr. Economic Times
FMCG firm Colgate-Palmolive ( India ) reported a 43.09 percent decline in net profit-after-tax for the quarter ended December 31, 2010, to Rs 66.24 crore, mainly due to high spending on advertising activities. The company had posted a net profit-after-tax of Rs 116.39 crore for the corresponding quarter of the previous year, Colgate-Palmolive (India) said in a filing to the Bombay Stock Exchange (BSE). The company's revenue, however, was up 12.86 percent to Rs 576.64 crore in the third quarter, compared to Rs 510.95 crore in the year-ago period, it added.
Knorr Soupy Noodles: Testing the fun - quotientafaqs
Global FMCG major, Hindustan Unilever (HUL) has tied up with Mumbai-based Krayons Events to conduct a school contact programme for its noodles brand, Knorr Soupy Noodles. Commenting on how the activity was conceptualised, Tanish Bhatia, Manager, Events, Edumedia says, "Our idea is to promote the product as a fun-filled, healthy snack." The whole idea developed from the fact that the lives of kids today revolve around junk food and video games. To drive home the point of a healthy fun-filled snack, Krayons has devised various games, which will test the physical strength and intelligence of kids. The winners will be awarded gifts and educational scholarships.
Dabur Q3 net up 11 pct, may hike prices in Jan-March ; Reuters
Personal care and food products maker Dabur India's quarterly profit rose 11 percent on strong volumes, price hikes and cost efficiencies, a senior officials said. Dabur reported a consolidated profit of 1.54 billion rupees for Oct-Dec quarter, against 1.39 billion rupees in the year-ago period. Sales rose 16.7 percent to 10.8 billion rupees. "Demand continues to be good for our products but inflation concern is always there," Chief Financial Officer S. Raghunathan over the telephone. An overall economic buoyancy and rural job creation through goverment programmes had boosted demand, he said.
http://www.reuters.com/article/2011/01/31/idINIndia-54532520110131
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