HUL

The price of Surf Excel Matic (liquid) has been cut to Rs 199 from Rs 220 for a one-litre pack

During Mehta's tenure in HUL, the share of women in the management has gone up to 45 per cent, from under 20 per cent earlier

What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?

Its strategy follows the success parent Unilever had in the US in this segment, which it entered in 2017 through acquisitions alone

Jawa 'orchestrated once-in-a-decade, end-to-end transformation of Unilever' in key role in London

Dwells on the MNC's milestone achievements across the globe as he hands over the mantle of MD & CEO to Rohit Jawa

FMCG major HUL on Friday announced the appointment of Rohit Jawa as the Managing Director & Chief Executive Officer. Jawa, presently the Chief of Transformation for Unilever, would take over the leadership role for five years with effect from June 27, 2023. "The appointment of Rohit Jawa as a whole-time Director and MD & CEO will be subject to approval of shareholders and other statutory approvals as may be applicable," HUL said in a regulatory filing. Jawa will succeed Sanjiv Mehta as the MD & CEO of the company with effect from June 27, 2023.

If this deal, estimated at Rs 6,000-7,000 cr goes through, it would become the largest in the Indian FMVG, surpassing HUL's April 2020 acquisition of Horlicks from GSK for Rs 3,045 cr

Stocks to watch: Samvardhana Motherson announced it is buying SAS Autosystemtechnik (SAS), which manufactures auto cockpit modules, from French company Faurecia for Rs 4,790 crore

FMCG major HUL on Friday announced selling of its Annapurna and Captain Cook brands to Singapore-based Uma Global Foods for Rs 60.4 crore to exit from non-core atta and salt business. It has signed an agreement for the sale of its atta and salt business carried out under the brands 'Annapurna' and 'Captain Cook', respectively, the company said in a statement. "HUL's decision to divest is in line with the stated intent of exiting non-core categories while continuing to drive its growth agenda in the packaged foods business of dressings, scratch cooking and soups," said HUL. About consideration received from sale of the two brands, HUL said it is Rs 60.4 crore. In the financial year 2021-22, both the brand had a turnover of Rs 127 crore and had contributed less than one per cent of HUL's turnover, it said. "The brands are being sold to Uma Global Foods Pte Ltd, and Uma Consumer Products Private Ltd. which are subsidiaries of Reactivate Brands International, a Singapore-headquartere

The two brands had a combined turnover of Rs 127 cr in FY22, less than 1% of HUL's top line

'Mom-and-pop stores will remain the most dominant channel even after a decade, and in a highly digitised form'

Jope said the company saw 15.6 per cent growth in the country during the quarter, during which price and volume were up 11.2% and 3.9%, respectively

Brokerages cut earnings given pressure on margins but see stock performing in long term

Analysts say impact depends on commodity and energy prices

HUL said the new contract terms were subject to a detailed evaluation and due diligence led by its senior management and guided by its Audit Committee and Board

CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.

Stocks to watch today: Bajaj Finance said that new loans booked during Q3FY23 were the highest-ever at 7.8 million

Stocks to watch today: Wipro inked multi-year digital transformation partnership with fintech firm Finastra; HPCL aims to raise around Rs 10,000 crore in debt to fund oil refining operations

Deal valuation pegged between Rs 1,000-1,500 crore