Ayurvedic fast-moving consumer goods business Patanjali has secured a Rs 3,200 crore ($481 million) bank loan from a group of lenders led by the State Bank of India to aid its acquisition of oil manufacturer Ruchi Soya.
The National Company Law Appellate Tribunal has extended Ayurvedic fast-moving consumer goods brand Patanjali’s deadline to implement its resolution plan for oil manufacturer Ruchi Soya to December 16.
The chairman of consumer goods giant Unilever said on Wednesday he is stepping down after three years in the role. He will hand over the reins to Nils Andersen, but will remain on the board as a non-executive director.
FMCG major Emami Ltd witnessed a 16 percent surge in its net profit to Rs 96 crore ($13.5 million) for the second ended September 30 as against Rs 82 crore it had reported in the same quarter last fiscal.
Mommy Network Pop-Up held its annual children’s fashion and lifestyle exhibition at Kamala Mills in Mumbai on October 5 and brought together around 120 brands with product categories covering clothing and accessories.
After close to double-digit growth in the first quarter of the 2020 financial year, fast-moving consumer goods retailer Dabur is seeing a slowdown in demand and expects more modest growth in the second quarter.