A referendum will be held on Thursday, June 23, to decide whether Britain should exit (Britain’s exit, hence the term Brexit) or remain in the European Union. IMAGE: The process of leaving the EU could be highly disruptive, leading to short-term but intense economic pain. Photograph: Reuters If Britons vote to take their country out of the European Union, reducing the politico-economic bloc to 27 members from 28, no corner of the global financial structure will remain ... Rediff.com, 1 month ago
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Ahmedabad-based firm to fund deal through equal amount of equity and debt. Nirma, the Ahmedabad-based detergent and soap maker, on Monday announced its acquisition of Lafarge India’s 11-million-tonne (mt) cement business for $1.4 billion (about Rs 9,478 crore), including debt. The valuation is around $127 per tonne, lesser than the $151 per tonne valuation Lafarge commanded in its aborted deal with Birla Corp last year and marginally higher than what UltraTech Cement paid to acquire ...Rediff.com, 1 week ago
Baba businesses are sprucing up their act as they expand product portfolios and enhance brand image Rising popularity and competitive intensity from the likes of Patanjali are emerging threats to listed fast-moving consumer goods (FMCG) companies. The actual impact will depend on factors such as market position, extent of product or category overlap, each company’s strategy on pricing, product and promotions as well as on the aggression of the Guru businesses. While Patanjali is strong ...Rediff.com, 2 months ago
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