Company Overview and News
Mumbai: Harish Manwani, non-executive chairman of Hindustan Unilever Ltd, has been appointed chairman of the executive board of the Indian School of Business, Hyderabad.
The 11% underlying volume growth in the December quarter reported by Hindustan Unilever Ltd (HUL), India’s largest consumer packaged goods company, indicates that the consumer goods sector has recovered from the twin shocks of demonetization and the implementation of the goods and services tax (GST).
New Delhi: Ogilvy India on Friday announced that it has elevated Prem Narayan as the chief strategy officer, effective immediately. He was heading the planning function in Mumbai which will now be handled by Balagopalan Ganapathy, who has been associated with the agency’s planning team for over a decade. (10-0)
Mumbai: Hindustan Unilever Ltd’s decision to set aside money to compensate consumers for excess tax charged by it has set a precedent for other companies.
In some New Year cheer, the Goods and Services Tax Council on Thursday began discussions on easing the compliance burden for businesses, with a single monthly return and uploading of invoices.
Patanjali Ayurved has agreed not to unfairly criticise Hindustan Unilever's (HUL) soap brands and its business through advertisements in a consent decree with HUL and was taken note by Bombay High Court on January 11, reports The Times of India.
(Reuters) - Indian shares scaled new peaks on Thursday, tracking global markets, with banking stocks contributing the most to gains amid expectations that the government would increase the foreign investment limits for banks. (14-0)
India successfully test-fires nuclear capable surface-to-surface Agni-5 ballistic missile from a test range off Odisha coast, sources told PTI. (20-0)
Mumbai: The BSE Sensex continued its record-setting spree for a second day, scaling a new high of35,476.70 in opening trade today as banking stocks led rally on sustained foreign fund inflows. Also, the broader NSE Nifty zoomed to a new high of10,887.10. The 30-share index rallied by 394.88 points, or 1.12 percent, to hit the peak of 35,476.70, breaching its previous intra-day high of 35,118.61 hit yesterday. (22-0)
Pakistan will not act against Hafiz Saeed 'sahib' as there is no case registered against him in the country, Prime Minister Shahid Khaqan Abbasi has said, giving a clean chit to the 2008 Mumbai attack mastermind, reports PTI. Saeed, the chief of the Jamaat-ud-Dawah (JuD), was released from house arrest in Pakistan in November. (19-0)
The government on Wednesday curtailed its additional market borrowing programme by 60% to Rs 20,000 crore as it expects more transfers of surplus cash from the Reserve Bank in the current fiscal ending March 31. (19-0)
Shares of Hindustan Unilever hit record high as Q3 profit beat estimates. HUL shares rose as much as 2.6 per cent to a record high of Rs 1,406.90. The consumer goods maker posted a 28 per cent increase in Q3 profit on Wednesday, beating estimates, underpinned by higher sales from its personal care business. Gradual recovery in volume growth is under way; combination of rolling price growth and cost efficiencies is driving strong margin expansion, according to Morgan Stanley. (12-0)
President Donald Trump said the United States was considering a big “fine” as part of a probe into China’s alleged theft of intellectual property, the clearest indication yet that his administration will take retaliatory trade action against China. In an interview with Reuters, Trump and his economic adviser Gary Cohn said China had forced US companies to transfer their intellectual property to China as a cost of doing business there. (19-0)
President Donald Trump said the United States was considering a big “fine” as part of a probe into China’s alleged theft of intellectual property, the clearest indication yet that his administration will take retaliatory trade action against China. In an interview with Reuters, Trump and his economic adviser Gary Cohn said China had forced US companies to transfer their intellectual property to China as a cost of doing business there. (17-0)
India’s coffee sector is seen getting a technology boost with the State-run Coffee Board proposing to introduce a host of initiatives ranging from blockchain to drones soon.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton