
Daily Newsletter | Tuesday, August 19, 2014 | | | | | | JSW Steel to buy Welspun Maxsteel | Sajjan Jindal-led JSW Steel has entered into a definitive agreement with Welspun Enterprise (WEL), to acquire the entire equity shares held by the latter in Welspun Maxsteel (WMSL) for an enterprise value of Rs 1,000 crore plus net current assets as of August 31. |
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Colgate-Palmolive rejigs top level management | In a top level management reshuffle, oral care major Colgate-Palmolive has appointed Issam Bachaalani as the new managing director of India, while the current incumbent Prabha Parameswaran has been elevated to a regional role as president — Africa/Eurasia, in what marks yet another addition to the growing league of Indian managers occupying key roles in leading multinational companies. |
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| Salman Khan says NO to Sonakshi Sinha? | Salman Khan, who will be seen in Sooraj Barjatya's next, Prem Ratan Dhan Payo had reportedly advised the director to not cast Sonakshi Sinha. Later, the role was grabbed by Sonam Kapoor. |
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