Economic Times Presentation

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Economic Times Presentation

  1. 1. Economic Times Presentation(20 Sept- 26 Sept)<br />
  2. 2. Sun to rise again as Taro promoters cede control<br />Sun Pharmaceutical’s 3 year tussle has come to an end, with the Israeli firm’s promoters surrendering the controlling stake to the Indian company. <br />Sun Pharmaceutical’s invested $60 million in Taro in 2007, with an agreement to combine the companies.<br />Taro terminated the merger agreement in may 2008 by saying that Sun’s original offer was too low.<br />2<br />
  3. 3. Continued…………… <br />The Israeli Supreme Court ruled in Sun’s favour and rejected Taro promoter’s plea to stop Sun’s takeover.<br />Sun Pharma now holds a 48.7% stake and 65.8% voting rights in Taro.<br />
  4. 4. P&G to bring Wella brand to India<br />P&G is set to bring in one of its biggest global brands ‘Wella’ hair color into India.<br />Hair color category is dominated by L’Oreal and Garnier. This category is estimated at Rs 1,200 crore and growing at 25%.<br />P&G has a combined turnover of Rs 3000-crore and operates through three subsidiaries:<br /><ul><li>Procter & Gamble Health & Hygiene (PGHH)
  5. 5. Procter & Gamble Home Products
  6. 6. Gillette India </li></li></ul><li>Global Vehicles to place $35 mn order with M&M <br /> Global Vehicles USA Inc, Georgia-based auto dealer, said it will place a $35 million-plus order for pick-ups from Mahindra & Mahindra Ltd.<br />The order will comprise an unspecified number of TR20 and TR40 pickups. <br />
  7. 7. Panasonic India is all set to relaunchJapanese consumer durable brand Sanyo in the country by April next year.<br />Panasonic plans to project Sanyo as a mass market brand in the country. Panasonic had bought the Sanyo brand for $9 billion. <br />Panasonic would introduce sound system, LCD, refrigerators and washing machines under Sanyo brand<br />Panasonic India to relaunch Sanyo brand<br />
  8. 8. The company is eyeing $2 billion turnover from Indian operations by 2012. The company is also expecting Rs 3,200 crore turnover this year as a group in the country. <br />The consumer durable segment accounts for 65 percent of Panasonic's turnover in India.<br />Continued…………… <br />

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