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Adi Godrej, Chairman of the Godrej Group, is a proud Indian whose group has its roots in the country’s independence and Swadeshi Movement since its inception in 1897. From locks, soaps, property, retail and animal feed to the engines that power India’s space programmees, the $5-billion Group is now poised to leverage its future growth based on new reforms like GST. In a chat with BusinessLine, Adi Godrej shares his thoughts on the 70 years of independence and the future plans for his group.
Q1 saw a significant dip in profits for Godrej Industries. In an interview to CNBC-TV18, Adi Godrej, Chairman of Godrej Group spoke about the results of the group companies and his outlook for the same.
Impact of GST will normalise by the next quarter and would reflect in the Q2 and Q3 results, Adi Godrej said.
Mumbai: Godrej Industries Ltd (GIL) reported a 42% year-on-year (yoy) decline in net profit as a poor performance by Godrej Consumer Products Ltd (GCPL) and Godrej Properties Ltd dragged down the parent firm’s earnings for the quarter ended 30 June 2017.
New Delhi: After acquiring Indian health advertising agency Sorento in May, Havas Group has launched its decade-old global health agency Health & You as Havas Life Sorento in the country. Sorento handles pharma companies like Abbott, Johnson & Johnson, Alkem, Dr. Reddy’s and Glenmark, among others. Health and wellness is a big focus area for the French advertising conglomerate with Havas Health contributing 16% to the group’s overall revenue, which stood at €2,276 million in 2016.
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Dr. Lal Path Labs has decided to acquire 70% stake in Dr. Lal Path Labs Bangladesh (DLPLB) from its existing shareholders with the objective of strengthening company’s presence in Bangladesh.
Wipro has entered into a global partnership with Excelfore to offer connectivity solutions for next generation smart and autonomous vehicles.
Mumbai: Companies from Marico Ltd. to V-Guard Industries Ltd. see sales remaining weak for a few months after India introduced nationwide goods and services tax (GST) disrupting supplies and prompting stores to focus on cutting inventories.
This report contains terminology that may be unfamiliar to some readers. The Glossary gives definitions for frequently used terms.
JAKARTA: As Indonesians keep their wallets in their pockets, foreigners are pulling money from a stock market dominated by consumer companies. Consumer goods companies’ second-quarter net income has dropped 31% year-on-year, while motorcycle sales, a key barometer in a nation where there’s almost one scooter for every three people, fell 29% in June from May. Foreign funds responded by selling a net US$798 mil of local shares last month, even as they kept buying into most other Asian markets.
A shopkeeper waits for a customer inside a traditional market in Jakarta. Indonesian spending is much weaker than expected and no one really knows why. — Reuters picJAKARTA, Aug 2 — As Indonesians keep their wallets in their pockets, foreigners are pulling money from a stock market dominated by consumer companies.
Late strength in HDFC Bank and ITC helped the equity benchmarks end at fresh record closing high Tuesday ahead of the Monetary Policy Committee's rate decision due Wednesday. The upside was also driven by positive global cues.
Godrej Consumer Products has reported a 9 per cent drop in consolidated net profit at ₹230 crore for the quarter ended June 30.
New Delhi: FMCG major Godrej Consumer Products Ltd (GCPL) on Monday reported an 8.70% decline in consolidated net profit at Rs225.17 crore for the quarter to June due to tepid sales post GST and higher expenses. The company had posted net profit of Rs246.65 crore in April-June a year ago.
Godrej Consumer Products Ltd has posted consolidated PAT of Rs 225 crore in the June quarter versus Rs 247 crore in the previous year.
Key benchmark indices hit fresh intraday low in afternoon trade. At 13:16 IST, the barometer index, the S&P BSE Sensex, fell 24.96 points or 0.08% at 32,220.91. The Nifty 50 index fell 12.45 points or 0.12% at 9,953.95. The Nifty was currently trading below the historic 10,000 mark after crossing that mark in early trade. Earlier, both the Sensex, and the Nifty, had hit record high in early trade. The market sentiment was dull amid lackluster trading on Asian bourses and subdued closing on Wall Street overnight.
Home-grown FMCG firm Godrej Consumer Products (GCPL) has forayed into the Rs 1,200 crore-professional hair care segment and aims to capture at least 10 per cent of market share in the next two and a half years. "Over the last two years, we have been working on a completely differentiated product portfolio for professional segment designed for Indian hair. We are entering this market and we have very ambitious plans for this market," GCPL Business Head - India and SAARC Sunil Kataria told PTI.
Home-grown FMCG firm Godrej Consumer Products (GCPL) has forayed into the Rs 1,200 crore-professional hair care segment and aims to capture at least 10 per cent of market share in the next two and a half years.
Godrej Consumer Products Ltd (GCPL) is foraying into the professional hair colour segment targeted at salons. The company aims to grab about 10 per cent market share in the country the next three years in the professional hair care space.
Zydus Cadila, an India-based pharmaceutical company, announced on Wednesday that the company has launched its Mesalamine Delayed Release tablets USP, 1.2g in the United States.