{
    "success": true,
    "data": {
        "id": 1530806,
        "msgid": "cussons-buys-indian-firm-1447893297",
        "date": "1997-01-02 00:00:00",
        "title": "Cussons buys Indian firm",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "Cussons buys Indian firm BOMBAY (AFP): Britain's Cussons Group is to buy out its Indian partner in a joint venture toiletries company, a leading business daily reported Tuesday. The Economic Times newspaper said Cussons was increasing its stake from 60 to 100 percent in Cussons India Pvt Ltd, a joint venture it set up with local firm R.R. Oomerbhoy Pvt Ltd. The joint venture had been set up to manufacture Cussons' toiletries and shampoos in the country.",
        "content": "<p>Cussons buys Indian firm<\/p>\n<p>BOMBAY (AFP): Britain&apos;s Cussons Group is to buy out its Indian<br>\npartner in a joint venture toiletries company, a leading business<br>\ndaily reported Tuesday.<\/p>\n<p>The Economic Times newspaper said Cussons was increasing its<br>\nstake from 60 to 100 percent in Cussons India Pvt Ltd, a joint<br>\nventure it set up with local firm R.R. Oomerbhoy Pvt Ltd.<br>\nThe joint venture had been set up to manufacture Cussons&apos;<br>\ntoiletries and shampoos in the country.<\/p>\n<p>The newspaper said New Delhi had initially rejected Cussons&apos;<br>\napplication to raise its stake to 100 percent on the ground that<br>\nthere was no justification for a wholly-owned subsidiary to<br>\nmanufacture toiletries and shampoos in India.<\/p>\n<p>Cussons, however, has assured the authorities it will reduce<br>\nits stake from 100 to 74 percent over the next five years.<\/p>\n<p>Overseas firms such as Unilever and Proctor and Gamble Co.<br>\ndominate the toiletries business in India.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/cussons-buys-indian-firm-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}