CX Partners, an investor group, is set to acquire a 48% stake in India based Mrs. Bector's Food Specialties, Ltd., also known by its brand name Cremica, for $100 million. The consortium, which includes some international limited partners, will buy out the shares held by Motilal Oswal Private Equity Advisors...
Ashland opens specialties technical center in Mumbai
Global specialty chemical company Ashland has set up a technical research and development center Mumbai to support producers of personal and home care products in India and southeast Asia. The facility will focus on bringing new personal and home care innovations to market and providing technical support that may be...
Forbes Names 5 India Firms on 50 Most Innovative List
Larsen & Toubro, Hindustan Unilever, Infosys, Tata Consultancy Services and Sun Pharma have made it on Forbes magazine’s list of world’s 50 most innovative firms. L&T led the list as 9th place, followed by HUL (12th), Infosys (19th), Tata Consultancy Services (29th) and Sun Pharma (38th). Note that Hindustan Unilever...