Recent developments suggest business trends are getting worse---not better, meaning there could be more downside ahead. Read More...
Reuters
Indian yoga guru’s Patanjali plans to list four firms
NEW DELHI (Reuters) -Indian consumer group Patanjali, co-founded by a well-known yoga guru, said on Friday it plans to list four group companies and increase group turnover to $12.5 billion in the next five to seven years. The producer of affordable, domestic-made goods is taking on bigger rivals such as Unilever and Procter & Gamble with plans to list its main consumer goods company, and medicine, wellness and lifestyle units. Set up in 2006, the firm’s brand ambassador is Baba Ramdev, a household name whose television shows on yoga are watched by millions, with his bearded face smiling down from billboards and hoardings ubiquitous in India’s villages.
