Nestle partners with Alibaba to market products
Nestle
has struck a partnership with China's e-commerce giant Alibaba to boost its
online sales by tapping the country's increasingly digital consumption
patterns.
Under
the new initiative, Nestle will launch campaign with its diverse products,
spanning 30 brands from coffee to baby formula in Alibaba platforms such as Tmall.
Sun Pharma to sell US mfg units to Frontida BioPharm
Sun
Pharma to sell its US manufacturing units to Frontida BioPharm: Deal part of
management strategy for manufacturing consolidation
Sun
Pharmaceutical Industries will sell its two oral solid dosage manufacturing
facilities located at Philadelphia and Aurora in the US along with 15 related
pharmaceutical products to Frontida BioPharm Inc. for an undisclosed amount.
In
connection with the transaction, Frontida has agreed to continue manufacturing
certain products for Sun Pharma at these facilities on a contract basis for a
predetermined period, the drug maker said in a statement on Saturday.
Grasim stops production at Nagda plant due to water shortage
Grasim has stopped the production at Nagda plant because of the
shortage of the water, however company has built the enough stock of VSF hence
sales of VSF is not likely to impact.
Chlor Alkali plant will continue to run at lower capacity to the
tune of availability of the water.
Negative for the company it will impact the margins of the VSF and
Chemical division because of the fixed cost component.
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