Rohit Jawa, CEO and MD, Hindustan Unilever, said, “We continue to focus on operational excellence and build back our gross margins with a substantial part of those being reinvested behind brands and capabilities.”
Author: Delshad Irani
Paris-based media giant Vivendi’s plans to list Havas and Canal+ revealed
For the first half of 2024, Vivendi’s revenues were €9,052 million, an increase of 92.7% compared to the same period of 2023. Canal+ Group is a major player in the creation and distribution of cinema and audiovisual content on all continents.
Unilever’s brand and marketing investment up 180bps to 15.1%, focused on Power Brands
Unilever’s Power Brands which contribute to ~75% of turnover, led growth for the global FMCG major which owns brands like Dove, Sunsilk, Axe, Surf, Knorr, Magnum and Lifebuoy.
Nykaa’s Falguni Nayar ceases to be Dabur’s non-exec independent director after completion of second term
Falguni Nayar is the founder, Executive Chairperson & Managing Director and Chief Executive Officer of Nykaa. She holds a post-graduate diploma in management from the Indian Institute of Management, Ahmedabad.
Unilever’s Samir Singh to leave the FMCG giant after 27 years
Samir Singh first joined the FMCG juggernaut as an area sales manager in 1998 for Hindustan Unilever.
Bajaj Electricals MD and CEO Anuj Poddar resigns
Anuj Poddar is leaving Bajaj Electricals to explore an external opportunity. Poddar led the organisation through a tumultuous phase and has been the architect of its overhaul and turnaround, the company said.
HCLTech targets training 50,000 people on Gen AI and AI skills
HCLTech chief C. Vijayakumar said they continue to see a lot of AI and GenAI-related opportunities.
ZEEL to raise $239 million through 10-year Foreign Currency Convertible Bonds
In rupee terms, the total fund raise amounts to Rs 1,997 crore.
Byju’s crisis: NCLT admits BCCI’s plea for insolvency against the edtech firm
The BCCI claimed that Byju’s had defaulted on a payment of Rs 158 crore. The case was first filed on September 8, 2023
Disney data leak: Hackers claim to have leaked alleged internal comms of media giant
WSJ first reported the story about the alleged Disney data leak by Nullbulge. The leak includes data stretching back to at least 2019.