Pratik Pota has resigned as the CEO of Jubilant Foodworks. Key points to note – Pota had joined Jubilant in March 2017 from Pepsico. Pota is widely regarded as the man behind Jubilant’s turnaround. The Company was facing significant headwinds and was struggling operationally before he had joined. Since his joining, the Company has witnessed … Read more
Colgate Palmolive India (CPI) has informed the following top management changes – The current CEO and MD, Mr. Ram Raghavan has been promoted as President, Enterprise Oral Care, for Colgate Palmolive Company, the parent Company of CPI and will be based out of its headquarter at New York. In place of Ram, CPI has hired … Read more
Apple Inc on Tuesday announced a range of new products at its first event of 2022, including a low-cost iPhone SE with 5G network and M1-chip powered iPad Air. The American technology giant also introduced the M1 Ultra, a new addition in the M1 chip line-up. It is a high-performance chip, which will power its … Read more
Emami is buying 19% stake into TruNativ. Key points to note – TruNativ, founded in March 2019 is focused on healthy food and nutrition products. Emami has not disclosed the amount invested for the 19% stake. Consideration has been paid in cash to subscribe fresh equity of TruNativ. In FY21, TruNativ reported revenues of Rs … Read more
Crompton Greaves Consumer Electricals (CGCE) has announced acquiring a controlling stake in Butterfly Gandhimathi Appliances (BGA). Key points to note: CGCE is acquiring 55% stake from BGA’s promoter group @ Rs 1,403/ share Consideration value for this tranche comes to Rs 1,379.68 crore Promoters total stake in BGA is currently 64.78%. Balance not selling may … Read more