There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front. With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits. The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
It may sound bizarre, but incidents of public sector bankers dying by suicide could probably equal the number of such bankers quitting their jobs, reveals Tamal Bandyopadhyay.
Airfares in the country are set to rise, with IndiGo on Thursday introducing a fuel charge of up to Rs 1,000 based on a flight's distance, in response to the significant rise in aviation turbine fuel (ATF) prices in the last three months. The Indian aviation sector experiences its peak travel season between October and December. The inclusion of a fuel charge component in airfares is anticipated to have a sizable impact on IndiGo's passengers, according to experts.
The negotiations on cost and techno-commercial details relating to India's proposed procurement of 26 Rafale-M fighter jets and three Scorpene submarines from France are not yet concluded, sources said on Tuesday.
The first priority for the new Tibetan administration in Dharamsala should be to look at Tibetan recruitment in the PLA, suggests Claude Arpi.
Kareena Kapoor gets a staggering Rs 3-4 crore per film!
Renowned Indian sports journalist and commentator Dicky Rutnagur passed away in London on Friday, aged 82, after a prolonged illness. He is survived by his son Richard Sohrab Rutnagur.
Indian lenders are unlikely to clear the vertical split of BSE-listed Vedanta Ltd in a hurry, considering that the demerger would reduce the fungibility of cash flows across businesses and increase their volatility, according to analysts. The demerger plan, which would result in six separate listed entities, would require approval from shareholders, lenders and other statutory bodies. "We believe that a separate listing of different businesses would reduce the fungibility of cash flows across businesses and increase the volatility of cash flows.
Union Human Resource Development Minister of State Jitin Prasada, who shared the stage with UP Chief Minister Akhikesh Yadav said in one voice that they would shun any kind of politics on the issue, which they declared was close to their hearts.
'The government has been anti our civilisational values.' 'My fear would be that they erode that some more to have their way and to consolidate their power.'
"The experience was incredibly enriching, significantly bolstering my confidence in our country's indigenous capabilities, and leaving me with a renewed sense of pride and optimism about our national potential," he said.
At present, the IAF has three MiG-21 squadrons with a total of around 50 aircraft, according to officials.
A court in Surat in Gujarat on Thursday sentenced Congress leader Rahul Gandhi to two years in jail in a 2019 criminal defamation case filed against him over his "Modi surname" remarks.
A Madhya Pradesh farmer has claimed that he lost his crop because of Prime Minister Narendra Modi's proposed rally in the state on February 18.
Tata Consultancy Services (TCS), the group's biggest cash generator, overtook Vedanta to become the highest dividend payer in India in FY23. The IT services major paid Rs 42,090 crore for FY23, up 167.4 per cent from Rs 15,738 crore for FY22. The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22.
Against the backdrop of the controversy over Vodafone tax issue, Prime Minister Manmohan Singh on Thursday sent out clear signals to foreign investors saying there will be 'no arbitrariness' in tax matters.
Shekhar Iyer, a familiar face on television's news analysis programmes and senior associate editor at the Hindustan Times in New Delhi, threw light on the politics behind the presidential polls as he answered questions from Rediff readers on Wednesday. Here's the transcript of the chat:
The Maharashtra State Board of Secondary and Higher Secondary Education will announce the results of the class 10 Senior Secondary Certificate examination on June 13 at 1 pm.
Vedanta Ltd, which is planning to restart its copper plant in Tamil Nadu, is weighing the option to sell the unit at a valuation of up to Rs 4,500 crore, banking sources have said. The company had sought expressions of interest (EoIs) for the plant in June last year but did not get a good response as the unit was shut for the last five years. "The process has now restarted with the bankers reaching out to potential bidders," said a banker.
Union Minister Smriti Irani on Wednesday came down heavily on Congress leader Rahul Gandhi for his 'murder of India in Manipur' remark in Lok Sabha, saying this is for the first time in parliamentary democracy that someone has made such a statement.
The naval version of Tejas light combat aircraft is in development stage. Officials said the successful "arrested landing" of the prototype of the naval version of Tejas on the deck of INS Vikramaditya is expected to speed up development of the jet for the Indian Navy.
Analysts assert that Vedanta Group's plan to demerge India-listed Vedanta Limited into six listed entities will not resolve the debt problem of its promoter entity, Vedanta Resources (VRL). They suggest that additional asset sales or stake sales by promoters will be necessary to repay the debt. Vedanta is already considering the divestment of its iron-steel division and its copper plant.
There is the problem of regions in the North East being theatre for power-play by nations with borders and influences converging in those parts, which in turn requires a sizable presence of the armed forces, notes Shyam G Menon.
Modi and Biden will have a one-on-one meeting in the Oval Office of the White House on Thursday before holding high-level talks.
A senior journalist of Hindi daily Hindustan was shot dead in Bihar's Siwan district on Friday nigth by unidentified gunmen, police said.
During these seven decades, the IAF has lost 2,374 aircraft to crashes. They include 1,126 fighters and 1,248 non-combat aircraft. In addition, 229 trainers and 196 helicopters have crashed. These crashes have resulted in the deaths of 1,305 skilled pilots, note Ajai Shukla and Devesh Kapur.
On a day when a full-page email interview with the prime minister appeared in the Hindustan Times, the National Advisory Council, chaired by Sonia Gandhi, on Friday slammed the United Progressive Alliance government for not implementing a score of its recommendations, including food security to all, made in the past two years.
FMCG major HUL on Friday announced the appointment of Rohit Jawa as the managing director & chief executive officer to succeed Sanjiv Mehta who will retire from the company after leading it for a decade. Jawa, presently the Chief of Transformation for Unilever, would take over the leadership role for a term of five consecutive years with effect from June 27, 2023, the company said in a statement. "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," it added.
PM Manmohan Singh's speech at Hindustan Times Leadership Summit
Major Prafulla Menezes (retd), Lieutenant Colonel Harjinder Singh's wife, and young daughter Preet Kaur pay homage to a husband and father, whose services to the motherland, will always be remembered, never forgotten.
The Chief of Air Staff, addressing a press conference ahead of the Air Force Day on October 8, asserted that the IAF will continue to remain deployed along the frontier in the region till complete disengagement takes place in the remaining contested areas.
The re-opening of the Chinese economy, as it moves away from its zero-Covid policy, could help stabilise commodity prices, according to some of the country's top metal companies. They view this as a positive for demand, at a time when markets such as the US and Europe have been largely weighed down by slowdown concern now. "Most of us in the metals business are hoping the Chinese economy picks up because half of any metal demand, including demand for aluminium, comes from China.
Aamir Khan charges a mindnumbing Rs 40 crores per film!
Shah asserted that the BJP will once again form the government in Uttar Pradesh with a comfortable majority.
From the Sensex pack, NTPC, Bajaj Finance, IndusInd Bank, UltraTech Cement, Bajaj Finserv, State Bank of India, Tata Motors, ITC, Power Grid and Larsen & Toubro were the biggest gainers. IndusInd Bank climbed 2 per cent after the company on Tuesday reported a 30 per cent jump in consolidated net profit in April-June quarter at Rs 2,124.50 crore, helped by core income growth and lower bad loan provisions.
Sukanya Verma quizzes you to find out just how much you know about the movies.
Javed Mattoo, an active terrorist who is said to be based in Pakistan.
From the Sensex pack, IndusInd Bank, NTPC, Asian Paints, Hindustan Unilever, JSW Steel, Tech Mahindra, Bajaj Finance, Infosys, Wipro, ICICI Bank, Bajaj Finserv, HDFC Bank and Tata Motors were among the major laggards. HCL Technologies, Power Grid, Titan, Reliance Industries, UltraTech Cement, Tata Steel, State Bank of India and Mahindra & Mahindra were the gainers.
India's economic growth rate slipped to 6.9 per cent in the second quarter this fiscal, the lowest in nine quarters.
Defending the government's decision to open up the multi-brand retail sector to foreign investment, Plan panel deputy chief Montek Singh Ahluwalia on Friday said it would help farmers as well as consumers.
