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HUL acquires stake in two digital-first wellness start-ups for Rs 334 crore: Report
Business

HUL acquires stake in two digital-first wellness start-ups for Rs 334 crore: Report

HUL said in a regulatory filing on Thursday that it has picked up 51 per cent stake in Zywie for Rs 264.28 crore in the first tranche

HUL looks to buy brands to increase product portfolio: Report
Business

HUL looks to buy brands to increase product portfolio: Report

The Wellbeing Nutrition transaction is expected to be around $20 million. The size of the Conscious Food deal is not known.

Maharashtra: FMCG distributors call off stir against HUL, to continue action against Colgate
India

Maharashtra: FMCG distributors call off stir against HUL, to continue action against Colgate

The All India Consumer Products Distributors Federation (AICPDF) said in a statement that the distributors would continue to boycott certain products of Colgate as the oral care company has not come forward for talks

French fashion house Chanel appoints Unilever executive Leena Nair as CEO
World

French fashion house Chanel appoints Unilever executive Leena Nair as CEO

Nair, an alumnus of XLRI Jamshedpur, had joined HUL, Unilever's Indian subsidiary in 1992 and worked for 30 years.

Hindustan Unilever drops 'Fair' from 'Fair & Lovely' to make brand more inclusive
Business

Hindustan Unilever drops 'Fair' from 'Fair & Lovely' to make brand more inclusive

Consumer brand Hindustan Unilever announced Thursday that it's dropping the word 'Fair' from its popular fairness cream brand 'Fair & Lovely' to achieve a "more inclusive vision of beauty", reports said.

Four of top 10 companies add Rs 1.12 lakh cr in market cap last week; Tata Consultancy Services tops the chart
Business

Four of top 10 companies add Rs 1.12 lakh cr in market cap last week; Tata Consultancy Services tops the chart

The market valuation of Tata Consultancy Services zoomed Rs 47,148.71 crore to Rs 7,57,587.71 crore, the biggest rise among the top-10 firms.

Markets open on positive note: Sensex jumps 300 points, Nifty above 8,900; ITC, HDFC, HUL among top gainers
Business

Markets open on positive note: Sensex jumps 300 points, Nifty above 8,900; ITC, HDFC, HUL among top gainers

HDFC Bank Ltd and mortgage lender HDFC Ltd, up more than 1 percent each, were the two biggest boosts to the Nifty 50.

Markets end on flat note: Sensex erases early gains after a choppy session, Nifty slips; M&M top loser
Business

Markets end on flat note: Sensex erases early gains after a choppy session, Nifty slips; M&M top loser

Sensex ended marginally lower after a choppy session on Friday as investors weighed the fiscal impact of the government''s economic stimulus.

Markets open weak: Sensex slumps over 400 points, Nifty drops below 9,200-mark; bank stocks slide
Business

Markets open weak: Sensex slumps over 400 points, Nifty drops below 9,200-mark; bank stocks slide

Sensex dropped over 400 points in opening session on Tuesday dragged by losses in index-heavyweights HDFC twins, Reliance Industries and ICICI Bank amid weak cues from global markets.

Sensex gives up early gains to end 81 points low; financial stocks drag markets in closing session
Business

Sensex gives up early gains to end 81 points low; financial stocks drag markets in closing session

Sensex gave up all its early gains to end 81 points lower on Monday, dragged by losses in financial stocks as lenders beefing up provisions against COVID-19 risks stoked slippages worry.

Markets close on positive note: Sensex 199 points up, propelled by strong gains in RIL; rupee closes higher
Business

Markets close on positive note: Sensex 199 points up, propelled by strong gains in RIL; rupee closes higher

Reliance Industries was the biggest contributor to the gains on the index, jumping over 3 percent after the company announced that US-based PE firm Vista Equity Partners will buy 2.32 percent stake in Jio Platforms for Rs 11,367 crore.

Markets open in green: Sensex rallies over 600 points in early trade, Nifty surges above 9,370; RIL jumps 2% after Vista deal
Business

Markets open in green: Sensex rallies over 600 points in early trade, Nifty surges above 9,370; RIL jumps 2% after Vista deal

IndusInd Bank was the top gainer in the Sensex pack, soaring over 4 percent, followed by Kotak Bank, Hindustan Unilever and Axis Bank.

GSK exits HUL, offloads 5.7% stake for Rs 25,480 cr in largest block trade ever carried out in Indian equity market
Business

GSK exits HUL, offloads 5.7% stake for Rs 25,480 cr in largest block trade ever carried out in Indian equity market

On 1 April 2020, GSK had announced the completion of its divestment of its popular healthcare drink brand Horlicks and other consumer healthcare nutrition products in India to Unilever.

Markets open on negative note: Sensex falls over 300 points, Nifty slips; HUL, Kotak Bank, ONGC among top losers
Business

Markets open on negative note: Sensex falls over 300 points, Nifty slips; HUL, Kotak Bank, ONGC among top losers

HUL was the top loser in the Sensex pack, dropping over 3 percent, followed by Kotak Bank, ONGC, Bharti Airtel, PowerGrid, Titan and Nestle.

Hindustan Unilever shares drop over 5% after company reports 4% decline in net profit in Q4
Business

Hindustan Unilever shares drop over 5% after company reports 4% decline in net profit in Q4

Shares of Hindustan Unilever on Monday fell 5.5 percent after it reported a 3.93 percent decline in consolidated profit for the fourth quarter due to coronavirus crisis from mid-March

Hit by coronavirus pandemic, HUL Q4 net profit down 3.9% at Rs 1,512 cr; sales decline 9.6% to Rs 9,055 cr
Business

Hit by coronavirus pandemic, HUL Q4 net profit down 3.9% at Rs 1,512 cr; sales decline 9.6% to Rs 9,055 cr

FMCG major Hindustan Unilever on Thursday reported 3.93 percent decline in consolidated net profit to Rs 1,512 crore for the fourth quarter ended 31 March, impacted by COVID-19 pandemic

Markets end week with gain of 7%: Sensex soars 997 points to end at 33,717, Nifty surges to 9,860; Tata Motors, ONGC major gainers
Business

Markets end week with gain of 7%: Sensex soars 997 points to end at 33,717, Nifty surges to 9,860; Tata Motors, ONGC major gainers

The NSE Nifty 50 index ended 3.2 percent higher at 9,859. The index was up 7.7 percent this week.

Sensex rallies over 900 points, Nifty reclaims 9,800 level; Glenmark shares jump 9% on reports of trials for potential COVID-19 drug
Business

Sensex rallies over 900 points, Nifty reclaims 9,800 level; Glenmark shares jump 9% on reports of trials for potential COVID-19 drug

Shares of Glenmark Pharmaceuticals Ltd rose as much as 8.9 percent after the drugmaker said it got the Indian drug regulator’s nod to conduct clinical trials of antiviral drug favipiravir, seen as a potential treatment for COVID-19.

Sensex rallies 606 points to end at 32,720, Nifty surges 172 points to 9,553; all indices except pharma, FMCG in green
Business

Sensex rallies 606 points to end at 32,720, Nifty surges 172 points to 9,553; all indices except pharma, FMCG in green

Extending its gains for the third session, equity benchmark Sensex rallied 606 points on Wednesday, buoyed by banking and IT stocks amid positive cues from global markets.