hindustan unilever

Roll-up ecommerce startup Mensa Brands saw its total loss for FY23 widen over twofold from a year ago to reach Rs 213.9 crore, while total income grew 150% to Rs 505.1 crore, data from market intelligence firm PrivateCircle showed. The Singapore-registered firm’s expenses also swole up 149% to Rs 718.9 crore in FY23 from a year earlier, filings showed. The biggest shifts came in the cost of purchase of stock-in-trade, which grew 138% to Rs 151.8 crore, while employee benefit costs nearly tripled to Rs 89.5 crore. Elevate…

Business process management firm Genpact has partnered with FMCG major Hindustan Unilever Limited (HUL) to launch an accelerator programme to help scale businesses owned by minority and underrepresented groups in India.With an aim to advance diverse and sustainable sourcing, the initiative will enable minority businesses to be absorbed into the supply chains of large consumer goods companies, including HUL.Ansu Archana, procurement director of HUL, said the initiative is aimed at expanding the scope of the company's…

Five of the top 10 most valued firms together lost Rs 86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit. Last week, the BSE benchmark fell 462.8 points or 0.79 per cent. While Reliance Industries Limited, Tata Consultancy Services (TCS), HDFC Bank, Infosys and State Bank of India suffered erosion from their valuation, ICICI Bank, Hindustan Unilever Limited, ITC, HDFC and Bharti Airtel posted gains. The market capitalisation (mcap) of…

India is becoming a digital hub for several global consumer and retail companies including Levi Strauss, Decathlon, Procter & Gamble, Mondelez, and Unilever, which are increasingly taking technological capabilities and learnings from the country to other markets.“We have India for India, and India for the world. In tech and digital, India is amazing. So, we are discussing how India can contribute to the world as well,” said Barbara Martin Coppola, chief executive officer of Decathlon.The French sporting goods…

The Securities and Exchange Board of India (Sebi) has begun cracking down on private equity and venture capital funds that have overstayed their welcome. Sources told us the markets regulator has sent notices to many such funds, saying they failed to adhere to the tenures specified in their offer documents.Also in this letter:■ Infosys Q3 results: net profit up 13.4% YoY to Rs 6,586 crore■ Cashfree lays off 150 employees; govt summons Amazon over job cuts■ ETtech Explainer | How CCI’s Android ruling could affect…

Indian startups have had a torrid 2022, and it shows. In our annual survey on the state of homegrown startups, which took place during a crippling funding winter this year, 87% of respondents said they would not shy away from shutting down unviable businesses and restructuring their organisations. That’s a sea change from 2021, when ‘growth at any cost’ was the prevailing mantra.Also in this letter:■ Who's in, who's out? Revisit the top-level movements this year■ Platforms, experts wary of BIS guidelines for online…

India’s e-commerce industry recorded a 36.8% year-on-year growth in 2022 although more shoppers returned to the physical stores as Covid-19 fears receded, according to ecommerce enabler Unicommerce. Unicommerce’s data is based on analysis of more than 500 million transactions. It does not include the data related to sales of mobile phones and smartphones. Tier-3 markets like Udaipur, Roorkee and Rohtak grew by 64.7% in 2022 year-on-year, while tier-2 markets like Bhopal, Amritsar and Bhubaneshwar clocked an impressive…

The combined market valuation of three of the 10 most valued domestic firms fell by Rs 1,22,852.25 crore last week, with Reliance Industries emerging as the biggest laggard. IT majors Tata Consultancy Services (TCS) and Infosys were the other two blue chips that faced erosion from their valuation. In contrast, HDFC Bank, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bajaj Finance and Adani Transmission were the gainers. Their combined gain was Rs 62,221.63 crore. During the holiday-shortened week, the BSE…

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Nine of the 10 most valued firms added Rs 2.51 lakh crore to their market valuation last week, with Tata Consultancy Services emerging as the biggest gainer. The 30-share BSE Sensex jumped 1,367 points or 2.66 percent. HDFC Bank, Infosys, Hindustan Unilever Limited and ICICI Bank were among the gainers while Reliance Industries was the sole loser in the pack. Tata Consultancy Services (TCS) added Rs 74,534.87 crore to its market valuation which stood at Rs 12,04,907.32 crore at close on Friday. The market…