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Popular Articles

Markets end weak
The Sensex has ended at 17,589, down 111 points and the Nifty has closed at 5,257, down 24 points. http://smallpersonalloans.org.uk

The Farrah and MJ show
Poor Farrah Fawcett. At the peak of her stardom in the late 1970s as the most conventionally sexy of the Charlie’s Angels, her pin-ups helped a generation of young boys discover hormones they had never imagined existed. But in death, she found herself relegated to the sidelines by (as one Netizen impertinently put it) “a freakishly disfigured, putty-nosed paedophile”.

News of the day

Titan to tap rural, semi-urban markets with Sonata watches
Titan Industries (TIL) plans to tap the rural and semi-urban markets with its Sonata brand of watches, company officials said while launching new designs of its "Super Fibre" range here today.
Public Relations

Kraft in $16.7 billion bid for Cadbury

Kraft Foods Inc today proposed a 10.2 billion pounds ($16.7 billion) takeover of Cadbury PLC, but said the offer was immediately rejected by the British maker of chocolate, gum and candy. - Priyagold to launch chocolates in September - Toon Kidz to foray into chocolate business - Recession in India, Europe drives Cadbury sales Kraft was undeterred, however, and said it would continue to seek a transaction which Cadbury"s board could support. Cadbury, which makes Cadbury chocolates, Trident and Dentyne gum and Halls and Bassett"s candies, did not immediately comment. Kraft, whose brands include Velveeta cheese product and Oreo cookies, said it had proposed paying 300 pence in cash and 0.2589 new Kraft Foods shares per Cadbury share, valuing Cadbury shares at 745 pence. That represents a 31 percent premium over Cadbury"s closing share price of 568 pence on Friday. Kraft, based in Northfield, Illinois, said the combination would create "a global powerhouse in snacks, confectionery and quick meals," with leading positions in developing markets including India, Mexico, Brazil, China and Russia. "This proposed combination is about growth. We are eager to build upon Cadbury"s iconic brands and strong British heritage through increased investment and innovation," said Irene B Rosenfeld, chairman and CEO of Kraft Foods.


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