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Modern Food Industries
Modern Food Industries (India) Ltd (MFIL) was set up in 1965 as Modern Bakeries (India) Limited and owned by Government of India. It was situated at Kazhikundram, Taramani (Near Tidel Park), Chennai, Tamil Nadu. It was set up under the Colombo plan. It was disinvested by the Government of India to Hindustan Unilever Limited in 2000 under the Premiership of Atal Bihari Vajpayee. It got its present name in 1982. MFIL had bread manufacturing units in 13 cities spread across India. MFIL had also marketed fruit juice concentrate under brand name ''Rasika'' in Delhi. MFIL also produced aerated soft drinks under the brand '' Double Seven''. MFIL was a wholly owned Central Government-owned PSU. This was the first privatisation of public sector unit by the government of India. Modern Foods had over 40% of the bread market in India. HUL was the sole bidder for Modern Foods. It paid Rs 10.5 million, as per the valuation exercise undertaken by its valuer ICICI, for 74% of the sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gurgaon
Gurgaon (pronunciation: �ʊɽɡãːw, officially named Gurugram (pronunciation: �ʊɾʊɡɾaːm, is a city located in the northern Indian state of Haryana. It is situated near the Delhi–Haryana border, about southwest of the national capital New Delhi and south of Chandigarh, the state capital. It is one of the major satellite cities of Delhi and is part of the National Capital Region of India. , Gurgaon had a population of 1,153,000. Gurgaon is India's second largest information technology hub and third largest financial and banking hub. Gurgaon is also home to India's largest medical tourism industry. Despite being India's 56th largest city in terms of population, Gurgaon is the 8th largest city in the country in terms of total wealth. Gurgaon serves as the headquarters of many of India's largest companies, is home to thousands of startup companies and has local offices for more than 250 Fortune 500 companies. It accounts for almost 70% of the total annual e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hindustan Unilever Limited
Hindustan Unilever Limited (HUL) is a consumer goods company headquartered in Mumbai, Maharashtra. It is a subsidiary of Unilever, a British company. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods. HUL was established in 1931 as Hindustan Vanaspati Manufacturing Co. and following a merger of constituent groups in 1956, it was renamed Hindustan Lever Limited. The company was renamed in June 2007 as Hindustan Unilever Limited. As of 2019, Hindustan Unilever's portfolio had 50+ product brands in 14 categories. The company has 21,000 employees and clocked sales of ₹34,619 crores in FY2017–18. In December 2018, HUL announced its acquisition of GlaxoSmithKline's India's consumer business for $3.8 billion in an all equity merger deal with a 1:4.39 ratio. However the integration of GSK's 3,800 employees remained uncertain as HUL stated there was no clause for retention of employees in the de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food And Drink Companies Established In 1965
Food is any substance consumed by an organism for Nutrient, nutritional support. Food is usually of plant, animal, or Fungus, fungal origin, and contains essential nutrients, such as carbohydrates, fats, protein (nutrient), proteins, vitamins, or Mineral (nutrient), minerals. The substance is Ingestion, ingested by an organism and assimilated by the organism's Cell (biology), cells to provide energy, maintain life, or stimulate growth. Different species of animals have different List of feeding behaviours, feeding behaviours that satisfy the needs of their unique metabolisms, often evolved to fill a specific ecological niche within specific geographical contexts. Omnivore, Omnivorous humans are highly adaptable and have adapted to obtain food in many different ecosystems. The majority of the food energy required is supplied by the industrial food industry, which produces food with Intensive farming, intensive agriculture and distributes it through complex food processing and f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unilever Companies
Unilever plc is a British multinational consumer goods company with headquarters in London, England. Unilever products include food, condiments, bottled water, baby food, soft drink, ice cream, instant coffee, cleaning agents, energy drink, toothpaste, pet food, pharmaceutical and consumer healthcare products, tea, breakfast cereals, beauty products, and personal care. Unilever is the largest producer of soap in the world and its products are available in around 190 countries. Unilever's largest brands include Lifebuoy, Dove, Sunsilk, Knorr, Lux, Sunlight, Rexona/Degree, Axe/Lynx, Ben & Jerry's, Omo/Persil, Heartbrand (Wall's) ice creams, Hellmann's and Magnum. Unilever is organised into three main divisions: Foods and Refreshments, Home Care, and Beauty & Personal Care. It has research and development facilities in China, India, the Netherlands, the United Kingdom, and the United States. Unilever was founded on 2 September 1929, by the merger of the British soa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bakeries Of India
A bakery is an establishment that produces and sells flour-based food baked in an oven such as bread, cookies, cakes, donuts, pastries, and pies. Some retail bakeries are also categorized as cafés, serving coffee and tea to customers who wish to consume the baked goods on the premises. Confectionery items are also made in most bakeries throughout the world. History Baked goods have been around for thousands of years. The art of baking was developed early during the Roman Empire. It was a highly famous art as Roman citizens loved baked goods and demanded them frequently for important occasions such as feasts and weddings. Because of the fame of the art of baking, around 300 BC, baking was introduced as an occupation and respectable profession for Romans. Bakers began to prepare bread at home in an oven, using mills to grind grain into flour for their breads. The demand for baked goods persisted, and the first bakers' guild was established in 168 BC in Rome. The desire for ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Industrial And Financial Reconstruction
The Board for Industrial and Financial Reconstruction (BIFR) was a development finance institution under the ownership of Ministry of Finance, Government of India, part of the Department of Financial Services of the Ministry of Finance. Set up in January 1987 by the Rajiv Gandhi government, its objective was to determine sickness of industrial companies and to assist in reviving those that may be viable and shutting down the others. On 1 December 2016, the Narendra Modi government dissolved BIFR and referred all proceedings to the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) as per provisions of Insolvency and Bankruptcy Code. History The BIFR was established under The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The board was set up in January 1987 and became functional as of 15 May 1987. A new industrial policy was tabled in Parliament on 24 July 1991 aiming to maintain growth in productivity and gainful emplo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economic Times
''The Economic Times'' is an Indian English-language business-focused daily newspaper. It is owned by The Times Group. ''The Economic Times'' began publication in 1961. As of 2012, it is the world's second-most widely read English-language business newspaper, after ''The Wall Street Journal'', with a readership of over 800,000. It is published simultaneously from 14 cities: Mumbai, Bangalore, Delhi, Chennai, Kolkata, Lucknow, Hyderabad, Jaipur, Ahmedabad, Nagpur, Chandigarh, Pune, Indore, and Bhopal. Its main content is based on the Indian economy, international finance, share prices, prices of commodities as well as other matters related to finance. This newspaper is published by Bennett, Coleman & Co. Ltd. The founding editor of the paper when it was launched in 1961 was P. S. Hariharan. The current editor of ''The Economic Times'' is Bodhisattva Ganguli. ''The Economic Times'' is sold in all major cities in India. Other ventures In June 2009, The Economic Times lau ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Put Option
In finance, a put or put option is a derivative instrument in financial markets that gives the holder (i.e. the purchaser of the put option) the right to sell an asset (the ''underlying''), at a specified price (the ''strike''), by (or at) a specified date (the '' expiry'' or ''maturity'') to the ''writer'' (i.e. seller) of the put. The purchase of a put option is interpreted as a negative sentiment about the future value of the underlying stock. page 15 , 4.2.3 Positive and negative sentiment The term "put" comes from the fact that the owner has the right to "put up for sale" the stock or index. Puts may also be combined with other derivatives as part of more complex investment strategies, and in particular, may be useful for hedging. Holding a European put option is equivalent to holding the corresponding call option and selling an appropriate forward contract. This equivalence is called " put-call parity". Put options are most commonly used in the stock market to protec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ICICI
ICICI Bank Limited is an Indian Private bank. It is headquartered at Mumbai. It offers a wide range of banking products and financial services for corporate and retail banking, retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, Life insurance, life, non-life insurance, venture capital and asset management. This development finance institution has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries. The bank has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China and South Africa; as well as representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia. The company's UK subsidiary has also established branches in Belgium and Germany. History The Industrial Credit and Investment Corporation of India (ICICI) was established on 5 January 1955 a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tehelka
''Tehelka'' (Hindi: Sensation) is an Indian news magazine known for its investigative journalism and sting operations. According to the British newspaper ''The Independent'', the ''Tehelka'' was founded by Tarun Tejpal, Aniruddha Bahal and another colleague who worked together at the '' Outlook'' magazine after "an investor with deep pockets" agreed to underwrite their startup. Bahal left ''Tehelka'' in 2005 to start Cobrapost – an Indian news website, after which ''Tehelka'' was managed by Tejpal through 2013. In 2013, Tejpal stepped aside from Tehelka after being accused of sexual assault by his employee. ''Tehelka'' had cumulative losses of till 2013, while being majority owned and financed by Kanwar Deep Singh – an industrialist, a politician and a member of Indian parliament (Rajya Sabha). [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Double Seven (soft Drink)
Double Seven was an Indian soft drink brand. It was manufactured and marketed by the Indian government after Coca-Cola quit the Indian market in 1977 due to changes in government policies. Double Seven was launched at the annual trade fair at Pragati Maidan, New Delhi as a gift by the then ruling Janata Party. In 1977, as per the provisions of the Foreign Exchange Regulation Act brought by the Morarji Desai government, Coca-Cola was required to reduce its ownership stake of its Indian operation. Coca-Cola along with other United States companies chose to leave India than to operate under the new laws. Developed to fill the void left by Coca-Cola, Double Seven was quickly designed, named by a national competition for naming the product, manufactured and marketed by Modern Food Industries, a government-owned company. The formula for the concentrate of Double Seven was developed at Central Food Technological Research Institute, Mysore. Despite government backing, Double Seve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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