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Unilever`s Indian unit names Rohit Jawa as MD, CEO Indian consumer goods conglomerate Hindustan Unilever Ltd named Rohit Jawa as its managing director and chief executive officer on Friday, succeeding Sanjiv Mehta, who is retiring after spending nearly 10 years at the company's helm. Jawa, currently chief of transformation for Unilever, will take charge as MD and CEO from June 27, Unilever's Indian unit said in an exchange filing. The 56-year-old, who joined Hindustan Unilever as a management trainee in 1988, take...
Unilever`s Indian unit names Rohit Jawa as MD, CEO
Unilever`s Indian unit names Rohit Jawa as MD, CEO
Source: Reuters
10/03/2023 3:55:11 PM
Indian consumer goods makers bet on rural recovery to lift profits  A nascent revival in rural demand is likely to prop profits at Indian consumer goods companies in the March quarter, as improving income and credit disbursal allow buyers to spend more on branded oils, tea, snacks and soaps. Cinthol soap-maker Godrej Consumer Products Ltd and Parachute oil manufacturer Marico Ltd are set to improve their earnings the most in two years when they report results for the fiscal fourth quarter, according to Refinitiv data. Graphic: Rural recovery to he...
Indian consumer goods makers bet on rural recovery to lift profits
Indian consumer goods makers bet on rural recovery to lift profits
Source: Reuters
16/02/2023 5:37:13 PM
Unilever`s dominance in India helps it raise prices, pinching rural poor  Unilever racked up strong sales growth in India last year on the back of sharp prices increases thanks to its dominant market position and pent up demand among middle-class shoppers. But industry experts said the British multinational should take care not to alienate poorer rural consumers - which some analysts estimate account for nearly half its revenues in India - after some signs they reined in spending last year as higher inflation took its toll. The nation of 1.4 billion is ...
Unilever`s dominance in India helps it raise prices, pinching rural poor
Unilever`s dominance in India helps it raise prices, pinching rural poor
Source: Reuters
24/01/2023 5:17:31 PM
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh Defence Minister Rajnath Singh on Saturday said the government is working and committed to increasing the defence production target from current $12 billion to $22 billion by 2025. "You (industry) can imagine, with this kind of growth, how many opportunities will be available for the Indian industry," the Defence Minister said while addressing FICCI's 95th Annual Convention & AGM here. He further underlined that to increase the participation of domestic industry, the g...
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh
Source: IANS
17/12/2022 4:13:58 PM
By 2024, Indian Roads to match US Standards: Nitin Gadkari Union Road Transport and Highway Minister Nitin Gadkari on Friday said that logistics cost, which is 16 per cent of GDP presently, will fall to single digits, by 2024. "It is going to help us get more exports", the Minister said, adding that now is the time to increase our business and presence in the international market. The Minister further stated that before 2024 ends, India's road infrastructure would be equal to the US standards. The Minister was addressing the annua...
By 2024, Indian Roads to match US Standards: Nitin Gadkari
By 2024, Indian Roads to match US Standards: Nitin Gadkari
Source: IANS
16/12/2022 4:28:41 PM
India today shows a picture of optimism and resilience: RBI Governor Retail CBDC pilot to be launched in late November e-Rupee launch a landmark moment Reserve Bank of India Governor, Mr Shaktikanta Das, noted that country's macroeconomic indicators and buffers today make "India a picture of optimism and resilience." He was speaking at FIBAC 2022 – an Annual Banking Conclave organised jointly by FICCI and IBA. Speaking on inflation, the RBI Governor acknowledged that the inflation targets were missed to avoid 'paying a hig...
India today shows a picture of optimism and resilience: RBI Governor
India today shows a picture of optimism and resilience: RBI Governor
Source: PR Agency
3/11/2022 10:55:37 AM
Involve consumers in detecting fake products: CBIC member Emphasising on making the consumer aware about illicit and fake products and prevent their sale, Central Board of Indirect Taxes and Customs (CBIC) member, Sandeep Kumar on Thursday said that enforcement agencies must use digital tools to seize counterfeit products. Speaking at FICCI MASCRADE 2022 summit, Kumar added that consumer awareness is paramount in ensuring that fake or illicit products are not purchased by them. He suggested industries and corporates to involve citizens and har...
Involve consumers in detecting fake products: CBIC member
Involve consumers in detecting fake products: CBIC member
Source: IANS
22/09/2022 4:48:25 PM
RBI maintains consistency in recent monetary policy statement: FICCI President The Federation of Indian Chambers of Commerce & Industry (FICCI) President, Sanjiv Mehta, has said that the Reserve Bank of India (RBI) has maintained consistency in the recent monetary policy statement by focusing on withdrawal of accommodation to contain inflation. Mehta said the Central Bank has delivered the third consecutive increase in the policy rate - increasing the benchmark repo rate by a total of 140 bps since May this year. He noted that inflation has been over the comfort ...
RBI maintains consistency in recent monetary policy statement: FICCI President
RBI maintains consistency in recent monetary policy statement: FICCI President
Source: Accord Fintech
8/08/2022 2:02:53 PM
Humbition: HUL CEO and MD introduces MDI students to new word Addressing the joint annual Convocation Ceremony of Management Development Institute (MDI), Gurgaon and Murshidabad, as the chief guest, Sanjiv Mehta, CEO and Managing Director of Hindustan Unilever limited, urged the graduating students to temper ambition with humility. "Humility is intertwined with ambition," Mehta said. "I call it humbition." In the Convocation Ceremony, 514 students from various PGDM programmes and eight Fellow Scholars of MDI Gurgaon received th...
Humbition: HUL CEO and MD introduces MDI students to new word
Humbition: HUL CEO and MD introduces MDI students to new word
Source: IANS
16/06/2022 4:28:00 PM