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Leading FMCG major Hindustan Unilever Limited (HUL) on Tuesday announced the appointment of Bobby Parikh, former CEO of Ernst & Young India, as an Independent Director to its Board, effective December 1, 2025. His appointment is for a period of five years, subject to the approval of shareholders, HUL said in a statement. Parikh has decades of experience and is a strategic advisor to many large corporations and holds directorships in Infosys, Biocon and Indostar Capital, among others. He has guided Indian and multinational businesses through India's evolving policy landscape. He co-founded BMR Advisors, served as the CEO of Ernst & Young India, and held senior leadership roles, including serving as the country managing partner at Arthur Andersen. HUL Non-Executive Chairman Nitin Paranjpe said: "We are delighted to welcome Bobby to the HUL Board as an Independent Director. His experience, combined with expertise in financial strategy and regulatory frameworks, has helped ...
Multinational consumer goods companies Unilever and L'Oral are witnessing strong growth on e-commerce platforms in many markets, with India emerging as a standout performer. Unilever and L'Oral, in their earnings calls for the September quarter, reported a doubling of their sales, helped by hyper-local delivery platforms that are growing rapidly in the country. French beauty major L'Oral's CEO Nicolas Hieronimus, who was in India earlier this month, said quick-commerce or traditional e-commerce platforms in the country are a game changer, helping to penetrate much faster with new products or continuing to animate existing brand." We were talking about the US, but 10 days ago, I was in India, where it's clearly a game changer for us because whether it's quick commerce or the traditional platform allows us to reach consumers all over the country, which we could not do before, said Hieronimus while replying to a query. Unilever CEO Fernando Fernandez said digital commerce accounts for
India Inc must play a responsible role for "inclusive and environmentally responsible" growth of the country, even as the government is taking steps for that, said HUL Chairman Nitin Paranjpe has said. To become a developed nation, India should chart a path that prioritises economic growth alongside environmental sustainability and social progress, he said while addressing the shareholders in the 92nd AGM of the leading FMCG maker. "While the government is taking significant steps, 'India Inc.' must play a crucial role in ensuring this growth is inclusive and environmentally responsible," he said. In his speech titled Building a Winning Business in an Aspiring India', Paranjpe reflected on the evolving business landscape, noting that while India offers immense opportunities, it is equally important to address the challenges that accompany this growth. The world today is characterised by "uncertainty and chaos," however Indian economy is continuing its growth journey. "However, ami