P&G set to become world's No1 FMCG co

United States' largest consumer goods company Procter and Gamble is acquiring Gillette Co for about $55 billion in stock to create the world's largest consumer product business overtaking Unilver,......

'Rajat Gupta threw away his duties'

Former Goldman Sachs director Rajat Gupta 'threw away his duties' when he passed confidential company information to hedge fund founder Raj Rajaratnam, a prosecutor told a US court, even as defence......

Tatas buy US coffee firm

Tata Coffee on Sunday announced that it had signed a definitive agreement to acquire US-based Eight O' Clock Coffee Company (EOC) from Gryphon Investors for $220 million (Rs 1,015 crore). Tata......

Foreign buyouts a boost for FMCG firms

In the last two years, a clutch of home-grown fast-moving consumer goods (FMCG) companies sought growth by acquiring companies overseas. They went hunting in diverse geographies from the US to the......