Godrej

Infosys' S Gopalakrishnan elected as CII’s new president

Infosys' S Gopalakrishnan elected as CII’s new president

Infosys Technologies Ltd Co-Founder & Executive Co-Chairman Kris Gopalakrishnan has succeeded Godrej Group Chairman Adi Godrej as the President of the industry body Confederation of Indian Industry (CII).

A Padma Bhushan recipient and alumni of IIT, Mr. Gopalakrishnan along with Mr. Narayana Murthy and five others, founded Infosys in the year 1981. His initial responsibilities included the management of design, development and implementation of information systems for clients in the United States.

15-year old relationship b/w Sara Lee and Godrej terminated

15-year old relationship b/w Sara Lee and Godrej terminated

The 15-year old relationship between Godrej and American company Sara Lee Corp. comes to an end. Godrej Household Products Ltd is no longer licensed to sell Kiwi shoe care and Kiwi Kleen brands in India and Sri Lanka any more. Sara Lee Corp. has agreed to pay 1.77 billion rupees ($37.9627 million) to Godrej to end this liaison.

With this termination, now Godrej would be able to focus on its core strategies. Whether it is personal wash, home care products or hair care, Godrej will continue selling its products in emerging markets of Africa, Asia and Latin America.

Godrej to buy out Sare Lee’s stake in JV for Rs 1,065 cr

Godrej to buy out Sare Lee’s stake in JV for Rs 1,065 cr

On Thursday, India’s FMCG firm Godrej Consumer Products Ltd said it will buy out US based Sara Lee’s 51 stakes from their joint venture for 185 million euros. GCPL claimed it would become the second largest household insectide player in Asia, excluding Japan, post the acquisition of Sara Lee’s stake. Through the day, the company was among the top gainers of the day, after its share price went up by nearly 14 percent; the stock touched its 52 week high of Rs 346.70, before closing trade at Rs 298, up 13.78 percent.

Godrej shares rise 8% on BSE

Godrej shares rise 8% on BSE

The shares of the FMCG major, Godrej Consumer Products rose 8 per cent on the Bombay Stock Exchange on Wednesday after the company announced the acquisition of Indonesia’s Megasari Makmur Group.

Godrej has announced yesterday that it will acquire Megasari Makmur Group and its distribution company called Intrasari Raya. The Indonesian company is a manufactures of insecticides and is a market leader in the home country.

Godrej acquires Nigerian soap brand Tura

Godrej acquires Nigerian soap brand Tura

Godrej Consumer has announced that it has acquired a Nigeria-based soap brand Tura in deal for an undisclosed amount.

The acquisition is in line with the company strategy to sell products in Nigeria and other Western African countries. Tura produces soaps, moisturizing lotions and skin-toning creams. It was established in 1986 by the Lornamead Group of the UK.

Godrej Consumer Chairman Adi Godrej said in a statement on Saturday, "Tura helps us leapfrog in our endeavor to build a pan-African presence for our core categories such as personal wash and hair care."

Godrej enters Colour Television Segment

Godrej Group, one of the largest home appliances manufacturers in the country, has set its sights to capture Rs 9,000-crore colour television (CTV) market in the country. The company has informed that it has teamed up with its appliance business partner Boyce Manufacturing to foray into the colour television segment.

After the announcement, the company has revealed its stunning Godrej EON range of LCDs with iPIX technology.

Godrej Enters JV Pact With Malaysian Firm For Palm Oil Technology

Godrej Industries has entered into a joint venture deal with a Malaysian planter, IJM Plantations, to develop palm estates and crude palm oil mills in the Indian market.

IJM said that it had signed a memorandum of understanding (MoU) for the same with Godrej Agrovet Ltd (GAVL) a year ago.

Adi Godrej, chairman, Godrej Group said, “This will help us leverage IJM’s technical know-how on oil palm plantation. Also, Malaysia does not allow exporting planting material unless it is through a joint venture. So we can now import high-quality planting material from IJM for our plantations.”

Godrej Expects Turnover Of Rs. 2000 Crore, To Enter TV Business By Next Fiscal

Godrej Appliances, the consumer goods division of the Godrej group, has announced that it has plans to achieve leadership in refrigerators this year and other categories such as ACs, washing machines and microwave ovens by 2009.

Godrej Appliances is a division of the Rs 4,000-crore Godrej & Boyce Manufacturing Company.
The company has further said that it will foray into the television segment with the launch of the wide range of colour televisions and LCDs in the next fiscal.