Thursday, June 11, 1998
P&G sells three detergent brands to Cussons India
Procter & Gamble Home Products Ltd has sold out three detergent brands Ezee, Trilo and Key to Cussons India Pvt Ltd, a subsidiary of global soaps, personal care and detergents major Cussons International Ltd. These brands were originally acquired from Godrej Soaps by Procter & Gamble (P&G) in the year 1993.
Hydel policy may propose 19% return on equity
The national hydel policy is set to incorporate sweeping rationalisations in the tariff structure, which includes a higher return on equity of 19%%, introduction of a differential peak pricing and pooled weighted average tariff for hydro projects.
Fast-track power projects to begin financial closure in three months
The power sector is in dire need of a total overhaul. Derailed fast-track power projects ought to veer towards financial closure in about three months time. During this time, all the power purchase agreements and fuel supply agreements should be finalised, counter guarantees and state guarantees would be in place and the projects through with all clearances.
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