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 Indian fast moving consumer goods (FMCG) players are once again on the prowl to acquire companies, as the economy picks up. - Godrej Sara Lee can advertise product virtues: HC - Emami may join race to acquire UK"s Simple - Nestle to mull acquiring nutri biz of Speciality Foods - Rural India still finds telecom expensive: Report - Prepare for more range-trading - XLRI gets Rs 5 lakh highest offer for global summer intern Deal activity in the recession-proof FMCG sector was a bit subdued this calendar year, as well as last year. The number of reported transactions, according to research company Grant Thornton which tracks mergers and acquisitions, were 10 last year and nine this year, till November. In 2007, however, it was as high as 32. Unlike their counterparts in the international arena who have gone for multi-billion dollar deals (for instance, Kraft’s and Nestle’s reported bid for Cadbury is over $16 billion), Indian FMCG companies appear to be targeting smaller transactions to fill gaps in their product portfolios or get a needed foothold in a new segment or a new market.
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Telecom firm Tata Teleservices Ltd (TTSL) today said it has entered into an agreement with Yahoo! India for providing online user interface to all Tata Indicom customers. - Yahoo!, Google still hiring in India - Yahoo! India appoints Arun Tadanki as managing director - Yahoo!, Google still hiring in India - Yahoo needs much more than just reconstructive surgery - Yahoo! India lays off 60; to hire 130 - Yahoo! to hire nearly 150 people in India As part of the partnership, a co-branded Yahoo! India website would serve as the default homepage across all Tata Indicom internet access devices, TTSL said in a statement. "This alliance will allow Yahoo! to reach a wider audience in the internet and digital spaces, and gain access to a captive user base to create not only a deeper connection with users, but also deliver a seamless user experience across platforms," TTSL Chief Marketing Officer Lloyd Mathias said. 
Internet search major Yahoo! today appointed Arun Tadanki as the managing director of its India operations. - Yahoo! CFO Blake Jorgensen to quit - Yahoo! India R&D head quits - "Indian customer is the most discerning in the world" - Ester Industries Q4 net up ten-fold - New Air-India MD takes charge - Toyota launches free service campaign The position of the managing director at Yahoo! India was lying vacant since August 2007 when the previous MD of the company George Zacharias left the firm to pursue his own entrepreneurial interests. Tadanki will be responsible for expanding and consolidating business in India as well as sub-continental Asia, Middle East and Africa, Yahoo! India said in a statement. Tadanki will be based out of Delhi and report to Yahoo! Senior Vice President (Emerging Markets) Keith Nilsson. 
Public sector lender Dena Bank today said it has reported a marginal growth in net profit at Rs 111.17 crore for the fourth quarter ended March 31, 2009. The bank had a net profit of Rs 110.99 crore in the March quarter of FY"08, Dena Bank said in a filing to the Bombay Stock Exchange. Shares of Dena Bank were trading at Rs 36.80, down 1.21% in afternoon trade on the BSE.