India Inc On An Ad-renaline Rush!
As firms bet big on brand visibility, cumulative advertising and publicity spend of BSE 500 companies hit ₹80,000 crore.
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November 2024
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HUL to spin off ice cream biz to sharpen focus on core operations
The ice cream segment contributes to about 3% of the company’s total turnover.
NSE launches Nifty Top 15 Equal Weight Index
The index will be reconstituted semi-annually and rebalanced quarterly with each stock carrying equal weight.
HUL shares hit 52-week high on decision to review ice-cream biz strategy
HUL's review decision follows Unilever PLC's earlier announcement about separating its global ice cream business
HUL gets tax notice of ₹962.75 cr in ₹3,045 cr GlaxoSmithKline deal; stock down 1%
In 2018, the FMCG maker acquired GSK's health food drinks portfolio, which included the Horlicks brand across India, Bangladesh, and 20 other primarily Asian markets.
HUL shares gain 3% on deal to sell Pureit to AO Smith India
HUL to sell its water purification business Pureit at an enterprise value of ₹601 crore as part of its strategy to focus on core categories.
HUL to sell water purification business Pureit for ₹601 crore
Pureit has a turnover of ₹293 crore, less than 1% of HUL's turnover.
Whirlpool shares hit 52-week high on marketing deal with HUL
Whirlpool shares have risen 54% in less than 4 months, from its 52-week low of ₹1,186.85 touched on February 27, 2024.
Marico shares soar 10%; HUL, Dabur up 6%
Marico says it witnessed an uptick in rural sentiment towards the end of the quarter.
HUL removes Horlicks from ‘health’ category to 'FND'
Horlicks and Boost rebranded under the “functional nutritional drinks” category after the government’s directive to the companies
