The Godrej family has agreed to a six-year non-compete clause, except for real estate, following a split. Brand rights have been divided among family members.
HUL sells Mumbai property to Piramal Realty for Rs 452.5 crore. The deal includes fixed and variable components and was brokered by JLL India.
Experts predict 2009 to be a year of rebuilding confidence for investors, with opportunities in gold, debt, and select equities. Lower interest rates and multi-year lows for blue chips create long-term investment prospects.