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Procter & Gamble sets up innovation sourcing fund in India for start-ups
Posted on 11th October 2018
The world’s largest consumer goods company Procter & Gamble (P&G) on Wednesday said that it was setting up an innovation sourcing fund in India in a move aimed at identifying start-ups and organisations that had industry-leading ideas and solutions.

While P&G did not specify the size of the fund, simply saying that it ran into “multi-million dollars”, the Cincinnati-based company follows its Anglo-Dutch rival Unilever


P&G Q4 NET PROFIT DOWN 43% TO RS 44.55 CRORE
Posted on 23rd August 2018
FMCG major P&G on Wednesday reported a 42.91 per cent decline in net profit at Rs 44.55 crore for the fourth quarter ended June 30, 2018.

The company, which follows July-June financial year, had posted a net profit of Rs 78.04 crore during the April-June quarter a year-ago, P&G said in a BSE filing.


Procter & Gamble upbeat about Indian market as biz grows in double-digits
Posted on 2nd August 2018
After struggling for a few years in India, the world's largest consumer goods company Procter & Gamble (P&G) appears to be getting its mojo back in a market it considers key. On Wednesday, P&G's Global Chief Executive Officer David Taylor said India was among two markets, the other being Turkey, that grew in double-digits for the year ended June 30. P&G follows a July-June accounting year.

Procter & Gamble to acquire 51.8% stake in Merck in India for Rs 1,290 crore
Posted on 19th April 2018
Procter & Gamble will acquire 51.80 per cent stake for Rs 1,289.88 crore in India listed drug firm Merck Ltd as part of a global deal under which it is taking over German firm Merck KGaA’s international consumer health business. The global deal is for about 3.4 billion euro (Rs 27,677 crore) in cash. P&G will acquire Merck’s majority shareholding in Merck Ltd. (India) and make a mandatory tender offer to minority shareholders.

P&G's new India chief, Madhusudhan Gopalan, faces a sales challenge
Posted on 26th February 2018
Procter & Gamble, the world’s largest consumer goods company, announced a new India managing director-cum-chief executive officer last week. Madhusudhan Gopalan, 42, will take charge on April 1 from Al Rajwani. But this is not going to be an easy assignment for him.

The pace of the India business of P&G has been slowing for some time. Gopalan, alumnus of the Indian Institute of Management at Kolkata, has been with P&G all his working life. He will have to improve sales growth, while watching profitability.


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