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MUMBAI: A mix of low food inflation and GST cuts have put more money into the hands of people, aiding demand for consumer goods, FMCG giant Hindustan Unilever (HUL) said on Thursday. It projected FY27 growth to be better than FY26 even as the firm cautioned that input costs remain volatile due to a depreciating…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the equity benchmarks, crashed in trade on Friday amid weak global cues and the continued IT stocks selloff. While Nifty50 went below 25,600, BSE Sensex was down over 700 points. At 10:45 AM, Nifty50 was trading at 25,570.30, down 237 points or 0.92%….
The United States and Taiwan deepened their commercial relations on Thursday, signing a trade deal. Under the agreement, Taiwanese imports to the US will be getting lower tariffs while the island nation has committed to purchase and invest in American products.The step confirms a framework first presented in January. Under that plan, duties applied by…
MUMBAI: Rajeev Jain, vice chairman, Bajaj Finance said that by using AI-based systems to scan about two crore customer calls, the company generated business worth Rs 1,600 crore . The company now aims to listen to 10 crore such calls during the next fiscal. Source link
NEW DELHI: Drug firm USV will acquire a majority stake in Nutritionalab, the parent company of Wellbeing Nutrition, for nearly Rs 1600 crore, expanding its footprint in the domestic high-growth D2C (direct to consumer) nutraceutical market.USV will acquire around 79% stake in an all-cash deal for Rs 1,583 crore, which includes 35% from the founder,…
Tech shares continued to trade in red on Friday, extending losses as fears of disruption from artificial intelligence and fading hopes of an early interest rate cut by the US Federal Reserve continued to weigh down investor sentiment. At 9:50 am, the Nifty IT index slumped 4.59%, or 1,520 points, to trade at 31,639, reflecting…
BENGALURU: Over 200 jobs at Australian telecom major Telstra are expected to be cut as the company rolls out AI capabilities and shifts some roles to India, according to a report in The Guardian. Telstra and Accenture announced a $700-million joint venture in 2025 aimed at driving efficiency and modernisation. Source link
MUMBAI: Nykaa will manage the India operations of Kiehl’s, a premium skincare brand from the stable of French beauty and personal care firm L’oreal. As part of the exclusive distribution pact signed with Kiehl’s, Nykaa will run the brand’s existing and upcoming exclusive outlets, India D2C platform and multi-brand retail distribution, the company said on…
MUMBAI: HUL has acquired the remaining 49% stake in D2C brand Oziva for Rs 824 crore, making it a wholly-owned subsidiary of the company. HUL bought an initial 51% majority stake in the brand in Dec 2022.Oziva, a plant-based, clean-label consumer wellness brand which focuses on spaces such as lifestyle protein and hair & beauty…
