'When the world zigs, zag' goes the famous ad tagline. Godrej's taking this advice very seriously, but is it the right path?
The organised brick and mortar retail segment in India has grown at a compounded annual rate of 24% in the past five years to Rs 70,000 crore.
The focus is on getting people to work on many dimensions, improving strategic perspective, enhancing collaboration, and improving communication.
The deal will enable Jyothy Labs to get expertise from Henkel, which can once again access the Indian market.
Ireena Vittal stepped down from the Axis Bank board on August 23, about four years before her term was to have ended in March 2019.
Dabur's air freshener product for instance is being reengineered as an Aircare brand that spreads health through germ-killing.
The move, says Sunil Duggal, CEO of the Rs 7,800-cr Burman family owned firm, gives a clear focus to the organisation in terms of future M&A, innovation and growth.
A TGBL spokesperson said its blenders have more than 900 years of combined experience and that they taste 40,000 cups of tea every week.
The metals-to-retail conglomerate is transforming into a consumer-facing organisation with expansion in telecom, retail and financial services.
The new structure will see many HUL managers spending more time out of their cubicles to cover smaller markets across India.
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