Industry

Srinandan Sundaram, executive director, home care at Hindustan Unilever’s (HUL’s) largest division, which contributes 37% to its overall revenue, talks about premiumisation, inflation concerns, local competition and retail innovations in an interview with Viveat Susan Pinto. Excerpts: Premiumisation has helped HUL’s home care division to tide over the urban slowdown in recent quarters. What are

Rebel Foods, the operator behind brands like Faasos, Oven Story, Behrouz Biryani, Wendy’s, and Smoor, has leveraged its cloud kitchen network to enter the quick commerce space in Mumbai—at a fraction of the cost compared to aggregator-led setups.“If I had to build this from scratch and cover Mumbai entirely, it would have taken at least

The government has identified five state-owned power generation and transmission companies for listing on the stock exchanges to enable them to meet the investment requirements for augmenting capacity. Andhra Pradesh Power Generation Corporation and Gujarat Energy Transmission Corporation are among the five companies that are in the process of appointing merchant bankers, power secretary Pankaj

India’s private sector output increased at the fastest pace in six months in February, fuelled by a quicker expansion in the services activity and a record job creation, according to a survey. At 60.6 in February, HSBC’s flash India Composite Purchasing Managers’ Index (PMI) – a seasonally-adjusted index that measures the month-on-month change in the

Telecom major Bharti Airtel on Friday announced it will increase its shareholding in Airtel Africa plc, a subsidiary company listed in UK, by acquisition of upto 5 per cent stake in one or more tranches during FY 2024-25. The acquisition, it added, will be done through Airtel Africa Mauritius Limited (AAML), a step-down subsidiary of

Bajaj Auto on Friday announced that its board of directors have approved to invest funds up to Euro 150 million (equivalent to Rs 1,364 crore) in Bajaj Auto International Holdings BV, Netherlands, a wholly owned subsidiary of the company. In a regulatory filing, the company said, “We hereby inform that the Board of Directors at

The industry is waiting for an action from the government to check steel imports, which are affecting the domestic players, Tata Steel CEO T V Narendran said on Friday. He also warned future investments in the steel sector getting impacted due to present situation of surging imports. The steel industry has been one of the

Indian government is considering injecting cash into heavily indebted government-owned power distribution utilities, according to a document from the Ministry of Power reviewed by Reuters, to ensure the stability of the sector amid surging power demand. In the document circulated this week, the ministry mentioned the formation of a group of ministers to identify states