Looking to expand its portfolio before the start of the big summer season, cola major Pepsi said on Monday it would come out with Lipton iced tea, in partnership with HLL, in the next few months, even as it eyes a 20 per cent revenue growth of its ca
The top-notch faculty at Crotonville, including Noel Tichy, Ram Charan, Vijay Govindarajan, along with GE's top leaders Jack Welch, Gary Reiner, Bill Conaty, Jeffrey Immelt and Susan Peters, together delivered sought-after programmes on leadership to generations of early-stage leaders, mid-tier and senior managers from all over the world, recounts Indrajit Gupta.
An anti-war group in Kochi on Monday called for a boycott of products of Coca-Cola, Pepsi and Hindustan Lever Ltd to protest the superpower-led military action in Iraq.
In what could be termed a back door entry into the hair colour segment, consumer goods major Hindustan Lever Ltd is scripting a grand revival of its plans targeted at hair colour users.
The Sensex bounced back from its early lows in the mid-afternoon trades on sustained buying support in heavyweights, PSUs and select tech stocks, and finally finished firm with a gain of 25 points at 3,764.
In a setback to NALCO and Hindustan Lever Ltd, a tax tribunal has quashed their plea challenging the government's decision to impose anti-dumping duty on imports of caustic soda.
In line with its strategy to focus on core businesses and to rationalise existing brand portfolios, FMCG major Hindustan Lever Ltd has decided to exit from oils and fats business in India and Nepal.\n\n
Fast moving consumer goods company Hindustan Lever Ltd said on Friday it has sold 49 per cent of its stake in Quest International India Ltd to ICI India for Rs 54 crore (Rs 540 million).
Upbeat about the performance of its Ayush range of hair products, FMCG major Hindustan Lever Ltd has firmed up plans to foray into full-fledged herbal healthcare by the middle of this year.
The company has informed the Assam government and the Centre about the ULFA's letter, which was delivered on September 26.
Hindustan Lever Ltd has posted a 17.2 per cent rise in its net profit at Rs 300.47 crore (Rs 3 billion) for the second quarter ended June 30, 2005 from Rs 256.40 crore (Rs 2.56 billion) in the same quarter last fiscal.
Mercury waste from HLLs thermometer manufacturing unit at Kodaikanal is now being cleared and shipped to a US firm for recovery of the chemical.
With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales on stock exchanges over outright privatisation. The result -- the divestment target for current fiscal year is again likely to be missed. Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections.
Hindustan Lever Ltd, which had launched an Internet-based rural information service i-Shakti in Andhra Pradesh, expects to set up over 1,000 such kiosks by the end of the year in the state.
Earlier, proceeds from disinvestment were shown separately as part of the miscellaneous receipts in the Capital Receipts Budget.
Billionaire Gautam Adani's group has created a new company for its foray into healthcare services through the acquisition of large hospitals, diagnostic chains, and offline and digital pharmacies. Adani Enterprises Ltd - the group's business incubator firm - in a regulatory filing said a wholly-owned subsidiary, Adani Health Ventures Ltd (AHVL) was incorporated on May 17, 2022. AVHL will "carry on the business of healthcare-related activities including, inter alia, setting up, running, administrating medical and diagnostic facilities, health aids, health tech-based facilities, research centers and to do all other allied and incidental activities in this regard," it said.
The Union health ministry on Tuesday said that aid received from other countries has been distributed in different states to help deal with the rising number of COVID-19 cases.
The government is not in a "crazy rush" to sell everything and it will continue to have a presence in four strategic sectors, including telecom, Finance Minister Nirmala Sitharaman said on Saturday. In strategic sectors, a bare minimum presence of the existing public sector commercial enterprises at the holding company level will be retained under government control. The remaining enterprises in a strategic sector will be considered for privatisation or merger with another PSE or for closure.
It was touted as a game changer but big-ticket privatisation has been a mixed bag as the government faces unanticipated challenges of lukewarm investor response, employee union agitation and legal hurdles. Prime Minister Narendra Modi's often-repeated statement 'the government has no business to be in business' guided the drawing up of an ambitious privatisation pipeline. While Air India sale succeeded, Bharat Petroleum Corporation Ltd (BPCL) divestment failed.
Pepsi and Hindustan Lever Limited joined hands in India to launch ice tea, a segment that's expected to grow into five to ten per cent of the Rs 6,000 crore (Rs 60 billion) carbonated soft drinks market.
The Centre has received Rs 6,651 crore as interim dividend from 12 public sector undertakings (PSUs) on Monday, edging towards its Rs 50,028 crore dividend target for the ongoing fiscal. Power Grid Corporation of India (PGCIL) has transferred Rs 2,506 crore as a dividend tranche to the government, while NMDC and Nuclear Power Corporation of India transferred interim dividend of Rs 1,605 crore and Rs 972 crore, respectively. The government has received dividend tranches of Rs 913 crore from GAIL, Rs 351 crore from Hindustan Aeronautics, Rs 149 crore from Bharat Electronics, among others, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey tweeted.
Hindustan Lever Ltd, India's largest consumer goods company is calling the shots again. This time it is on the distribution front.
The Centre on Wednesday placed a second purchase order with the Serum Institute of India for the supply of one crore doses of Oxford-AstraZeneca COVID-19 vaccine 'Covishield', each costing Rs 210, including GST, sources said.
Hindustan Lever Ltd said the report about sale of its Dalda brand is speculative.
Reliance comm results keep telecom flag flying, FMCG majors slip.
After nearly 50 years, an expatriate returns to the top job in FMCG major Hindustan Lever Ltd, which on Friday announced the appointment of Douglas Baillie as Managing Director and CEO with effect from March 2006.
The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year. This is significantly lower than the estimated Rs 1.75 lakh crore budgeted for 2021-22. In the revised estimates, the target for 2021-22 has been cut to Rs 78,000 crore.
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