HUL makes key changes in its management committee

Hindustan Unilever (HUL) on Wednesday appointed Madhusudhan Rao as executive director (beauty & well being and personal care) and Deepak Subramanian as executive director (home care) as part of the overhaul of the company’s management committee. Hindustan Unilever (HUL) on Wednesday appointed Madhusudhan Rao as executive director (beauty & well being and personal care) and … Read more

Equal opportunities: Why Indian women outshine men at the workplace

Women lead the world in receiving growth opportunities at the workplace, says HP Inc study Women in India are looking for growth opportunities and feel ready to take on more responsibility within the company, reveals a global study conducted by HP Inc. The study reveals interesting insights around employee workplace perceptions, retention factors, career progress … Read more

Flipkart in strategic alliance with Google Cloud to speed up innovation, cloud strategy

The multi-year strategic partnership between Google Cloud and Flipkart will help fast-track Flipkart’s innovation and cloud strategy, it added. Google Cloud and Flipkart have entered into a multi-year strategic alliance to help fast-track the e-commerce company’s innovation and cloud strategy. The partnership will drive Flipkart into its next phase of growth and advance its vision … Read more

Lupin signs boxing champion Mary Kom as brand ambassador for Shakti campaign

The campaign is aimed at increasing awareness about heart diseases among women. Homegrown pharma major Lupin Ltd on Monday said it has signed six-time world boxing champion and Olympics bronze medallist Mary Kom as brand ambassador for its Shakti campaign. The campaign is aimed at increasing awareness about heart diseases among women through interactive social … Read more

Why Khaitans lost control of Eveready

Khaitan also said the company is concentrating on improving its profitability and reducing the leverage by selling of non-core assets. Eveready is not under stress and it is making payments to its lenders, so it does not require a resolution, then managing director Amritanshu Khaitan said after the battery maker’s 84th annual general meeting in … Read more

Metro cess to impact realty prices in Pune & Mumbai

This cess is for funding the Metro rail projects and transport-related projects in the state. The 1% Metro cess is expected to augment revenues of the Metro rail services and service the loans, that funded the Metro project. Realty prices in Pune and Mumbai markets are set to rise with the Maharashtra state government planning … Read more

Recovery blues for lenders under IBC; pandemic, delay in resolutions hit insolvency proceedings

The Covid outbreak just exacerbated the severe value erosion of several stressed assets Haircuts by lenders under the Insolvency and Bankruptcy Code (IBC) have surged in recent months, owing to reduced market appetite for stressed assets in the wake of the pandemic. A Covid-induced drop in private consumption of goods also added to anxiety over … Read more

Coal supplies to power sector to be further stepped up in remaining of March: CIL

The challenge was met despite unpredictability of the coal demand a coal fired power plants’ generation were  muted during previous two fiscals before rising  11.2% till January this fiscal, compared to the same period a year ago. Coal India Ltd (CIL) on Friday said, it supplies to power sector peaked a high of 493 million … Read more

CIL’s pithead coal may rise further by FY22-end; current stock at 43 MT

“The current coal stock of 43 MT at CIL’s pitheads is expected to increase further by FY22-end,” the state-owned company said in a statement. State-owned CIL on Friday said the current coal stock of 43 million tonnes (MT) at its pithead is likely to increase further by the end of the current financial year and … Read more

Consumer durable companies expect strong summer season this year; feature-rich products to drive sales

Consumer durable companies hope the coming summer season will turn fortunes after almost two washed-out summers of 2020 and 2021, on the back of pent-up demand and hot weather conditions. They said that feature-rich products will drive sales this year. Consumer durable companies are expecting a strong summer season this year after an almost washed-out … Read more