FMCG company Unilever on Monday said it will invest ¤50 million (over R360 crore) to set up a deodorant manufacturing facility in Maharashtra. “Unilever has used the visit of British prime minister David Cameron to its Hindustan Unilever business in Mumbai to announce that it is investing ¤50 million to set up its first Asian aerosol deodorant manufacturing facility in Khamgaon, Maharashtra,” Unilever said. Investment in new factory in India complements the ¤70 million committed to building new homecare liquids and distribution facilities in Thailand announced last week. It also adds to ¤75 million investments to build a new home care factory and expanding existing manufacturing plants in South Africa announced at the end of January, it added.
HC vacates stay order on Dunlop liquidation
The Calcutta High Court on Monday vacated the stay on Dunlop liquidation and has asked the official liquidator to take possession of Dunlop India’s assets and move ahead with its formalities. The regular bench of justice Asim Banerjee and Sukhla Kabir Sinha said the case would be heard after four weeks but the official liquidator should take possession of Dunlop assets immediately and move ahead with its formalities. A Dunlop official said the company’s assets would not go for liquidation unless the court gave the final order. “The HC directive on Monday implies that the liquidator can go ahead with its formalities but it cannot put the Dunlop assets to auction unless there is a final order,” the official said. The
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