Dabur India has recorded an increase of 8.5% in its net profit for the three month period ended March 31, 2011, after selective price rises, cost-cutting measures and volume development assisted it defeat a big jump in raw material prices.

The manufacturer of Vatika shampoo and Real juice recorded a Rs 147 crore net profit during the fourth quarter.

Goodricke Group Ltd is ready to make entry in the FMCG section with the introduction of beverages and instantaneous pre-mixed powders in 2011.

Buoyed by the victory of its bulk iced tea dealings, tea plantation firm is in search of a distribution associate for pre-mixed goods.

Iced-tea sachets are also likely to be rolled out in 2011.

Nestle announced that it would make an investment of Rs 230 crore to establish its initial research and development (R&D) centre in the country at Manesar in neighboring Gurgaon region.

FMCG major stated that the R&D facility will become functional by July 2012.

Kolkata-based KKN Group has made entry in the steel making business after getting hold of Balaji Ispat Pvt. Ltd.

The above declaration was made by the company's top representative on Wednesday.

The Tea Board of the country does not project any tea production growth in the existing year (2010) because of unpredictable rains in the hills of northeastern India resulting in loss of crops.

The above declaration was made by Tea Board chairman Basudeb Banerjee on August 06.

Food and beverage giant Pepsi has made announcement about the launching of a new sugar-free cola in the Indian market.

Targeted at the 25-35 year age group, the newly launched cola is named as 'Pepsi Max.'

With the introduction of'Pepsi Max, the soft drinks maker aims to strengthen its market share in India, and to generate a new market section in the soft drink industry.