October 2024 – Page 14

Hindustan Unilever’s Dev Bajpai to retire as legal head by year-end

Under Dev Bajpai's leadership, HUL navigated complex legal landscapes and played a key role in orchestrating the successful merger of GSK Consumer Healthcare into HUL. (Image source: NLSIU)

Dev Bajpai to step down after 14 years; successor yet to be named.

HUL separates its Ice Cream business; mode of separation to be decided by end of 2024

Ice Cream is a high-growth category that needs significant investments to realise its full potential.

The Board’s decision to separate is in line with the recommendation made by the Independent Committee following a comprehensive review of the Business.

Piracy paces up in India! India’s piracy economy stood Rs 224 billion in 2023, reveals EY-IAMAI Report

76% of those who accessed pirated content belonged to the 19-to-34-year age group

On an average, Indians spend nine hours weekly, consuming pirated content out of which 38% of the time is spent watching OTT content and 22% is spent watching films.

TVS Motor profits surge 23% in Q2

EV sales registered a growth of 42% with sales increasing from 20,356 units in September 2023 to 28,901 units in September 2024.

The company’s total exports registered a growth of 11% with sales increasing from 100,294 units in September 2023 to 111,007 units in September 2024.

GOTS expands suspension of Intertek Testing Services over security lapses: Report

In August, the London-based textile exchange – Global Organic Textile Standard (GOTS), suspended Intertek’s Indian office for Organic Content Standards

Volkswagen’s China CMO Jochen Sengpiehl deported after drug allegations amidst market challenges

In the third quarter, Volkswagen's deliveries to China, the world's largest car market, dropped by 15%, totaling 7,11,500 vehicles.

Volkswagen is currently conducting an internal review of the situation. This incident has occurred amidst Volkswagen’s challenges in the Chinese market, where demand for its core passenger car brand has weakened.

WPP India revenue grew 2.3% in September quarter led by GroupM

The revenue less pass-through costs for the advertising giant WPP in India stood at 6.2% for the September quarter’24. CEO Mark Read says that the agency saw growth in North America, Western Continental Europe, and India, though trading in China remained difficult.

Gaming destinations inspire 57% of Indian travellers: Skyscanner

Gaming is a huge hit with Gen Z, with nearly two-thirds (62%) saying it's their go-to leisure activity and 57% feeling inspired to book a trip based on a location featured in a video game.

67% of Indian travellers take a video game console away with them on holiday.