Fmcg

HUL acquires Horlicks for Rs 3,045 cr; announces completion of GSK Consumer Healthcare merger with itself

FMCG major Hindustan Unilever on Wednesday announced the completion of GlaxoSmithKline Consumer Healthcare Ltd's merger (GSKCH) with itself

Unavailability of workers, transportation trucks remain challenges to meet demand: FMCG players

Availability of workers at factories and trucks for transportation remain key challenges to meet the demand for essential items, according to FMCG majors ITC and Dabur India

Coronavirus scare pushes FMCG growth in February as personal hygiene products pick lead

The sagging FMCG industry got a boost in February and March owing to heavy sales in personal hygiene segment due to the coronavirus threat in the country

Coronavirus Outbreak: Nestle suspends operations, in talks with authorities over food products

FMCG major Nestle India has suspended and scaled-down operations, except for essential items, at its manufacturing units in compliance with the directives issued by the government, the company said on Tuesday

Yes Bank to be dropped from Nifty 50 from 19 March instead of 27 March: NSE

NSE Indices' Index Maintenance Sub-Committee has decided to make the replacement of stocks in various indices as part of its periodic review. These changes would become effective from March 27, 2020.

HUL board to meet on 1 April to declare merger with GSKCH; stock down 1.27%

Under the deal, Unilever's Indian arm, HUL is acquiring GSKCH India via an all-equity merger, valuing the total business of the latter at Rs 31,700 crore.

FMCG makers ramp up production of hand sanitizers amid demand spike due to coronavirus

Some FMCG firms are also educating consumers by engaging their brands to communicate with the consumers, through special campaigns on digital and mainstream media, to make them aware about the benefits of regular hands wash as prevention for coronavirus

Chandigarh NCLT approves Hindustan Unilever, GlaxoSmithKline Consumer Healthcare merger deal

FMCG major Hindustan Unilever Ltd (HUL) on Wednesday said the Chandigarh bench of National Company Law Tribunal (NCLT) has approved the scheme of amalgamation for the merger of the company and GlaxoSmithKline Consumer Healthcare (GSKCH)

HUL to set up manufacturing subsidiary, move aimed at helping MNC lower corporate tax rate

FMCG major HUL on Monday announced its plans to set up a new subsidiary, which would be primarily engaged in manufacturing activities

Coronavirus outbreak creates scarcity of white goods in India; market highly dependent on China, S Korea for key components

China, which is the epicentre of the coronavirus outbreak, is a major exporter, accounting for almost 23 percent of global electronic goods