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Dabur India crosses US$1bn mark in turnover

Dabur India Ltd has announced that for the financial year ended March 31, 2012, the Company alongwith its subsidiaries has crossed US$1bn mark in turnover.

P&G to build largest Indian plant in Hyderabad

Procter & Gamble announced plans to build its largest manufacturing plant in India, saying that it will invest Rs 3.5bn to open a new facility near Hyderabad. 

The plant will be spread across 170 acres of land, and will manufacture products across categories such as laundry, personal and baby care.

P&G said that the plant will start commercial production in two years. The group already has five plants and over nine contract manufacturing sites in India.

The move is part of P&G’s plans to expand in India and take on global rival Unilever. 

India generated sales of just ~US$1bn last year for P&G group, and is one of its smallest markets.

Domestic News

HUL leases 1.5L sft headquarters to HDFC

Hindustan Unilever has leased out its erstwhile headquarters at Backbay Reclamation, in south Mumbai, to HDFC after putting the commercial building on the block three years ago.

HDFC has taken on lease the entire HUL House spread over 1.53 lakh sq ft.

HUL initially demanded Rs 200 a sq ft per month plus Rs 18 per sq ft for maintenance and property tax. But HDFC might have brought it down to around Rs 160. 

The annual rent could be Rs 250mn. 

The lease agreement is for three years. 

Henkel eyes Rs 15bn turnover in next 5 years: report

German FMCG major Henkel is reportedly planning to consolidate its operations in India with an eye to achieve a turnover of Rs 15bn in the next five years.

Currently, its Indian operations generate sales of more than Rs 10bn.

The company, which had sold its consumer products business to Jyothy Laboratories last year, currently has interests in adhesives and cosmetics segment in India.

Around 95% of the company's revenues in India comes from adhesives segment while the balance 5% comes from cosmetics.

Henkel has formed a strategic team to look at evolving market dynamics and likely trends.

Mother Dairy enters Rajasthan market

Coca Cola Vending Machine delivers Coke and Smile

Lifestyle announces Lifestyle Sunglasses Carnival by Opium

Pepsi Changes the Game… brings Cricket & Football together in new campaign

Global News

Nestle plans to acquire Pfizer's infant nutrition business for $10 bn: reports