Page 1919 - Company News

Unilever hikes prices for products due to inflation, expects strong sales

The challenges of inflation persist and the global macroeconomic outlook is uncertain, but we remain intensely focused on operational excellence and delivery in 2022 and beyond, CEO Alan Jope said.

'Closure of Vedanta's copper unit results in Rs 14,749 cr loss to economy'

The report comes a month after Vedanta putting on sale its copper unit, shut 4 yrs ago after 13 people were killed in a police firing on protestors agitating against alleged pollution by the unit

Consumption weakness seen in rural India: Unilever CEO Alan Jope

During the quarter, HUL reported 19.5 per cent growth and the company took a 12 per cent price increase across its portfolio

Hybrids vs Electric vehicles battle to hot up in India's car market

The strong hybrids offer a great solution over pure EVs, as they take care of all the barriers of the pure EVs, maintain Japanese carmakers

Irdai carrying out series of reforms for ease of doing business: Minister

Irdai has also developed a mechanism to process applications filed for registration of new insurers and for grant of certificate of registration to commence the insurance business in India

Strong growth seen in sales in India during H1CY22, says Unilever CEO

"Of our three priority markets, the USA and India again grew strongly, while sales in China were affected by the lockdowns in the second quarter," said Unilever CEO Alan Jope.

5G auction: Bid amount exceeds Rs 1.45 trn on 1st day of bidding, says govt

Hope to complete spectrum allocation by Aug 15; 5G services expected in many cities by 2022-end, says Telecom Minister Ashwini Vaishnaw

2-wheeler makers accelerate global expansion plans as exports gain traction

The domestic slowdown and growing acceptability of Made-in-India brands offer opportunities to accelerate the drive to global markets

Bharat Biotech, ExcellGene consortium to develop variant-proof Covid vax

The consortium is developing or designing a new vaccine concept that confers highly cross-reactive protection against numerous SARS-CoV-2 variants of concern

IEX power trade volume up 10% to 23 bn units in Q1 as consumption rises

The trade volume in the quarter comprised 20.64 bn units in the conventional power market, 1.52 BU in the green market segment and 11.97 lakh certificates in REC market, which is equivalent to 1.2 BU

Adani Group to invest $70 bn in green energy, infra: Gautam Adani

Group leads the race to make India a net exporter of clean energy, says billionaire in speech to shareholders

Eutelsat, OneWeb to merge; Bharti to be single largest shareholder

Eutelsat and OneWeb Ltd are set to combine in an all-share deal valuing the UK satellite operator at $3.4 bn, a step toward creating a European champion to rival the likes of Elon Musk's SpaceX

DoT clears path for backhaul of towers before 5G network rollout

Allots two carriers of 250 MHz each in E band to telcos at administrative price

Jet Airways starts hiring pilots for A320, 737NG and 737Max aircraft

The airline which received air operator certificate from aviation regulator DGCA on May 20 is yet to place an order for aircraft with either European planemaker Airbus or American firm Boeing

Franklin Templeton Mutual Fund floats first NFO post debt fund row

Asserts it won't leave India despite regulatory actions

Robust demand trends in chemicals biz, expansions positive for SRF stock

Company has increased capex for the business to tap into new opportunities

Serum Institute in talks with Danish firm to import monkeypox vaccine

India has reported four cases monkeypox, including three in Kerala, so far

Varun Beverages: Two entities settle insider trading case with Sebi

The order came after the two applicants proposed to settle the alleged violations of insider trading rules, "without admitting or denying the findings" through a settlement order.

Top headlines: Asian Paints Q1 net rises 80%; UBS upgrades RIL scrip

Asian Paints Ltd on Tuesday reported an 80.39 per cent increase in its consolidated net profit to Rs 1,036.03 crore for the first quarter ended on June 30, 2022

CCI approves Greenforest New Energies' stake buy in Tata Power Renewable

The proposed combination relates to the acquisition of up to 11.43% stake in TPREL by Greenforest New Energies Bidco, an investment vehicle jointly run by BlackRock and Mubadala Investment Company