Hindustan Unilever (HUL) on Wednesday announced the company board’s decision to separate its ice cream business, following a thorough evaluation by a committee of independent directors. “The Board had constituted a committee of Independent Directors of the Company (Independent Committee) to evaluate the way forward for the Business. The Board’s decision to separate is in line
Hindustan Unilever Ltd (HUL) on Wednesday reported its fiscal second quarter earnings with a profit decline of 2.4 per cent at Rs 2591 crore in comparison to Rs 2656 crore during the corresponding quarter of FY24, missing estimates. It posted revenue from operations at Rs 15,926 crore, up 2.2 per cent as against Rs 15,587
Great news for mid-level sports motorcycle enthusiasts! Aprilia is now offering the RS 457 with a quick shifter as a standard feature. This limited festive season deal is available for customers who take possession of their motorcycle by October 31. With the new Diwali offer, the RS 457 is priced at Rs 4.17 lakh (ex-showroom).
Earlier in April this year, Brixton Motorcycles announced its entry in the Indian market with four models. The company had partnered with KAW Veloce Motors for a sales and distribution network in the country. The deal aimed at launching an exclusive range of motorcycles tailored for the Indian audience. Besides, the British brand also aimed
Hyundai has confirmed its focus on the mass-market electric vehicle segment, with plans to launch four EVs over the next three years, starting with the highly anticipated Creta EV. According to Tarun Garg, COO of Hyundai Motor India, the Creta EV is set to debut in the upcoming quarter. Additionally, the company is committed to
MobiKwik, a prominent digital financial services platform in India, has introduced an Instant Fixed Deposit (FD) feature within its mobile application, collaborating with Small Finance Banks (SFBs). This initiative is designed to streamline the savings experience for its users. With MobiKwik Fixed Deposits, individuals can commence their investment journey with a minimum amount of Rs
Dwarka Expressway, India’s first elevated eight-lane highway, is rapidly evolving into a leading commercial and residential corridor in Delhi NCR. It has become a prime destination for real estate development in the Capital, offering opportunities for both businesses and homeowners. Residential and Commercial Boom Along the Expressway The construction of the Dwarka Expressway has triggered
Central government pensioners turning 80 will receive an additional pension in the form of additional compassionate allowance, the Department of Pension and Pensioners’ Welfare (DoPPW) clarified in an Office Memorandum issued on October 18. The DoPPW, which comes under the Ministry of Personnel, PG & Pensions, has shared new guidelines regarding additional pensions for central
Shriram Finance, the flagship company of diversified conglomerate Shriram Group, is set to cross Rs 3 lakh crore in assets during the next financial year starting April 1 with loan growth of 15%.”We expect 15% credit growth for FY26 if the GDP grows at 6.5%. Usually, loan growth is more than 2 times of the
The share markets remain closed today on account of Eid-ul-Fitr. There will be no trading in other segments, including the equity derivatives as well as the securities lending and borrowing (SLB) today. It’s an extended weekend for market participants as the exchanges are shuttering Eid-ul-Fitr, a key Islamic festival. The commodity and rupee trade will
Hindustan Aeronautics was in trouble after the Indian Air Force’s (IAF) chief called out HAl for delay in deliveries of orders. To that, HAL in its response said, GE Aerospace didn’t supply engines for the light combat aircraft Tejas. ICICI Securities on HAL: Upgrades to Buy from Hold However, two days back GE Aerospace delivered
The Asian markets slumped in Monday’s trade after US President Donald Trump’s new reciprocal tariffs are expected later in the week. The major benchmark indices in Asia-Pacific were trading in the red. Japan’s benchmark Nikkei 225 was down 1,412 points, or 3.80%, to 35,708 after plunging over 4%, while the broader Topix index lost 2.33%.
Private equity firm Temasek will acquire nearly 10% stake in Haldiram Snacks (Haldirams) for about Rs 8,600 crore ($1 billion), sources told FE. This transaction marks the largest private equity deal in India’s consumer sector, valuing Haldirams at ₹86,000 crore ($10 billion). “We look forward to working with Temasek to harness the value they bring from
