hul

hul and Honasa Consumer, currently engaged in a legal dispute over beauty product advertisements, have agreed to temporarily remove their respective ads and posts. This interim arrangement was reached in the Bombay High Court, referencing statements made before the Delhi High Court. hul had filed a trademark infringement suit, while Honasa has also initiated action against hul, alleging advertisement infringement.

During a holiday-shortened week, five of India's top ten companies saw their combined market valuation increase by ₹84,559.01 crore, even as the broader market experienced a slight decline. Hindustan Unilever emerged as the top gainer, while Reliance Industries maintained its position as the most valued Indian company. TCS experienced the steepest drop in market capitalization among the decliners.

Lakme is anticipating a surge in demand for mini beauty products in India, driven by affordability and the desire for experimentation, especially among Gen Z. Sunanda Khaitan highlights the potential of quick commerce platforms like Swiggy and Zepto to boost makeup adoption, noting the resilience of beauty spending despite inflation.

Indian stock markets saw a big jump. This happened after US President Trump paused some tariffs. The Sensex and Nifty both rose significantly. Investors feel more confident because of this change. India is also seen as a safe place to invest. Some sectors like auto and banking did well. People are watching to see what Trump does next with tariffs.

Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, closed in red on Wednesday taking cues from global markets. While BSE Sensex went below 73,700 intraday, Nifty50 dipped to near 22,350 levels.

Global stock markets plummeted following Donald Trump's tariff announcements, sparking recession fears. Dalal Street mirrored this downturn, with Sensex and Nifty falling sharply, eroding investor wealth significantly. Foreign funds led the sell-off, though domestic investors provided some support. Experts suggest India's strong domestic economy might offer some insulation from the global turmoil, with potential rate cuts on the horizon.

Underlines shift to branded products

Somil Mehta from Mirae Asset Sharekhan recommends buying hul and SBI Card stocks today. hul shows a positive trend with a target of Rs 2420, while SBI Card is anticipated to break out upwards with a target of Rs 940. Consult a financial advisor before investing.

Srinivas Phatak will assume the role of Unilever's acting CFO on March 1. Current CFO Fernando Fernandez will be elevated to CEO position. Phatak, a seasoned Unilever executive, has extensive experience spanning finance and supply chain roles. Unilever will conduct a search for a permanent CFO. Unilever praised Phatak's leadership and experience to aid in executing its strategy.

Flipkart is reportedly shutting down ANS Commerce, an e-commerce enabler it acquired in 2022. Despite a revenue increase to Rs 54 crore in FY24, the decision was influenced by widening losses of Rs 73.8 crore. This move includes layoffs among ANS Commerce employees and aims to ensure a smooth transition for all stakeholders.

Indian stock markets will be closed on February 26, 2025, for Maha Shivratri. After a strong performance by Bharti Airtel, M&M, and HDFC Bank, trading will resume on February 27, 2025. The closure is part of the NSE and BSE holiday calendar, with 14 market holidays scheduled for the year.

The merger of GlaxoSmithKline Consumer Healthcare (GSKCH) with Hindustan Unilever (hul) — one of the largest FMCG deals — is complete. Now, the board of hul has also approved the takeover of brand Horlicks from GSK global.

Leading FMCG firm Hindustan Unilever Ltd (hul) on Thursday announced the separation of the position of chairman of the board and the CEO & managing director, and has appointed Nitin Paranjpe as a non-executive chairman of the company.

The board of Hindustan Unilever (hul) has approved a proposal to increase the royalty and central services fees to Unilever group entities to 3.45% of turnover from 2.65%.