Thursday, September 24
Priya Nair has been appointed as MD and CEO of FMCG giant Hindustan Unilever (HUL), the company informed the exchanges on July 10.Nair will replace Rohit Jawa, who will step down from the top role at the company on July 31. He has quit in order to "pursue the next chapter in his personal and professional journey", the FMCG major said in a statement. Jawa had taken over as the CEO and MD of HUL in 2023.Nair has been appointed for a term of 5 years with effect from 1st August, 2025 till 31st July, 2030, the company statement said."The appointment of Priya Nair as the MD & CEO will be subject to approval of shareholders and other statutory approvals as may be applicable," the company added in a customary rejoinder.HUL also informed that Nair will also join the company Board, subject to ne
Tata Elxsi on Thursday reported a 22% decline in its Q1FY26 consolidated net profit at Rs 144 crore versus Rs 184 crore in the year ago period. The revenue from operations also fell 3.7% at Rs 892 crore versus Rs 926 crore in corresponding quarter of the last financial year amid macroeconomic uncertainties and customer specific issues.On a sequential basis, the profit after tax (PAT) was 16% lower in the quarter under review against Rs 172 crore posted in the January-March quarter of FY25. Meanwhile, the topline fell nearly 2% on the QoQ basis versus Rs 908 crore.Company's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 187 crore in Q1FY26, down 26% from Rs 252 crore reported in Q1FY25.The profit before tax (PBT) witnessed a 22% YoY fall at Rs 196 crore
U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted "emperor." Brazil's President Luiz Inacio Lula da Silva fired back on Wednesday, saying new tariffs would be met with reciprocal measures. In a letter, Trump linked the tariffs to Brazil's treatment of former President Jair Bolsonaro, who is on trial over charges of plotting a coup to stop Lula from taking office in 2023. The levies were imposed due "in part to Brazil's insidious attacks on Free Elections, and the fundamental Free Speech Rights of Americans," the letter said. Brazil's real currency added to earlier losses to fall over 2% against the dollar after the announcement, and companies such as pl
ET Intelligence Group: Tata Consultancy Services is expected to report marginally better dollar denominated revenue growth on sequential basis for the June quarter compared with the previous quarter. The country's largest software exporter, which is slated to declare the first quarter numbers on Thursday evening, will likely report a sequential growth in net profit compared with a decline seen in the prior quarter.According to the average of the estimates by ETIG and 12 brokerages, revenue is expected to increase by 1.2% to $7,554 million compared with a 1% drop in the previous quarter. The revenue performance will be supported by a significant 5-7% drop in the dollar against pound and euro. A weakness in the reporting currency benefits exporters while its strength affects realisations adv
Shares of Kirloskar Ferrous Industries have rebounded 29% in the last three months thereby reducing the one-year fall to 22%. Analysts are optimistic about the company's capacity expansion and cost‐saving initiatives. It has planned a capital expenditure of Rs 500–600 crore for the current financial year, directed largely towards expanding the steel plant and enhancing renewable energy capacity.The company has sold nearly 600 tonnes of castings from its recently commissioned Oliver foundry in Punjab and expects to increase production to 1,500 tons per month in the coming months. Castings remain the company’s dominant segment, contributing 43 percent to total revenue as of March 2025 followed by the tube business at 23 percent and steel products at 18 percent.Management expects that e
