Cadbury

Cadbury to build new manufacturing facility in India

Cadbury to build new manufacturing facility in India

Cadbury India Ltd, a subsidiary of global snacks producer Mondelez International Inc., on Wednesday revealed its plans to build a manufacturing facility in the southern state of Andhra Pradesh.

The maker of the Dairy Milk chocolate and Bournvita said it had signed a deal to take 134 acres of land in Sri City on lease for the planned multi-category food manufacturing facility.

Cadbury acknowledges receipt of tax notice from Indian authorities

Cadbury acknowledges receipt of tax notice from Indian authorities

Cadbury Plc owner Mondelez International Inc has confirmed that it Indian tax authorities have sent it a showcause notice alleging that the chocolate firm had used a nonexistent factory to avoid taxes.

According to a newly published WSJ report, Cadbury dodged taxes of nearly Rs 250 crore by providing wrong information that it was producing chocolates from a non-existing factory in Himachal Pradesh.

The company provided wrong information to enjoy tax exemption that was announced for companies that had started production in Himachal Pradesh by March of 2010.

Cadbury takeover under I-T scanner

Cadbury takeover under I-T scanner

The much talked about takeover of Cadbury India by the US based Kraft Food Inc. is under the Income Tax department scanner for an alleged evasion of tax.

A Delhi High court directive has caused this inquiry into the matter, as it also has allegations of flouting of buoyant norms. The government has given a time of eight weeks for investigating the matter completely. Ved Prakash, an individual had filed the petition against the deal for the flouting of takeover laws and evasion of tax.

Kraft Foods buys Cadbury; Will it succeed in India?

KRAFT-Cadbury-LogoKraft Foods has completed a deal in which it acquired British candy maker Cadbury for about $19.6 billion after a last minute discussion over pricing.

Kraft had to inject more cash into the bid and decreased the number of new shares in the offer to finally convince Cadbury Chairman Roger Carr and billionaire investor Warren Buffett who a Top shareholder in Kraft.