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Godrej Consumer Products has said it will acquire Latin America-based Issue Group, a market leader in hair colours in several counties in the region.
By ET Bureau |
Shares of Mukesh Ambani owned Reliance Industries and Reliance Industrial Infrastructure and Anil Ambani owned Reliance Capital, Reliance Power, Reliance Natural Resources and Reliance Communications are likely to surge after the two brothers jointly announced that they have agreed to cancel all existing non-compete pacts which the groups had signed in 2006.
Godrej Consumer Products has said it will acquire Latin America-based Issue Group, a market leader in hair colours in several counties in the region. The acquisition provides a self-sustaining platform for GCPL's ambitions in the hair care and household insecticides segments in Latin America, the Indian firm said.
The oil ministry has initiated an inquiry to fix responsibility on directors on the board of state-owned Hindustan Petroleum Corporation (HPCL) for extending credit facilities to Kingfisher Airlines without a bank guarantee, defying government instructions.
Following moves by some of its peers, Srei Infrastructure Finance may hive off its road projects business into a separate company and induct a financial investor at a later stage.
As part of its strategy to tap overseas markets, JK Lakshmi Cement, the Hari Shankar Singhania Group flagship, is holding talks to acquire an Egyptian cement firm for around Rs 800 crore.
The boards of ICICI Bank and Bank of Rajasthan (BoR), which met in Mumbai on Sunday, cleared the merger proposal between the two. This will be the third acquisition of an old private sector bank by the country’s largest private sector bank — ICICI Bank.
Godrej Consumer Products has said it will acquire Latin America-based Issue Group, a market leader in hair colours in several counties in the region. The acquisition provides a self-sustaining platform for GCPL's ambitions in the hair care and household insecticides segments in Latin America, the Indian firm said.
The oil ministry has initiated an inquiry to fix responsibility on directors on the board of state-owned Hindustan Petroleum Corporation (HPCL) for extending credit facilities to Kingfisher Airlines without a bank guarantee, defying government instructions.
Following moves by some of its peers, Srei Infrastructure Finance may hive off its road projects business into a separate company and induct a financial investor at a later stage.
As part of its strategy to tap overseas markets, JK Lakshmi Cement, the Hari Shankar Singhania Group flagship, is holding talks to acquire an Egyptian cement firm for around Rs 800 crore.
The boards of ICICI Bank and Bank of Rajasthan (BoR), which met in Mumbai on Sunday, cleared the merger proposal between the two. This will be the third acquisition of an old private sector bank by the country’s largest private sector bank — ICICI Bank.
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