Monday, September 07
Hindustan Unilever Limited (HUL) on Tuesday announced the appointment of Bobby Parikh as an Independent Director on its Board, effective December 1, 2025, for a period of five years.Parikh is a seasoned advisor with decades of experience guiding businesses through transformations. He is a strategic advisor to many large corporations and holds directorships in, among others, Infosys, Biocon and Indostar Capital. He has guided Indian and multinational businesses through India’s evolving policy landscape.His expertise spans working with private equity funds, institutional investors, and business owners to deliver tailored solutions aligned with commercial goals. He co-founded BMR Advisors, served as the CEO of Ernst & Young India, and held senior leadership roles, including serving as t
ET Intelligence Group: Hero MotoCorp's stock hit a 52-week high on Monday after the company reported a double-digit growth in the second quarter revenue and net profit, market share gain in sales volume and margin improvement. Its two-wheeler electric vehicle (EV) brand, VIDA, registered the highest-ever quarterly market share of 12.2% and it is expected to rise further with new launches and battery-as-a-service (BaaS) approach. The company's global dispatches grew 77% year on year with strong demand from Bangladesh, Nepal, Sri Lanka and Columbia. Improving rural demand, and new product launches are expected to keep the sales volume growth in high single digit in the medium term. Analysts have maintained a 'buy' rating with 4-12% upside from Monday's closing price of ₹5,799.1 on the BSE
Elon Musk’s social media platform X, formerly known as Twitter, is facing a major disruption for users across India. The outage has affected core functions such as logging in, loading new posts and accessing both the app and website.According to Downdetector, which tracks downtime on popular platforms, user reports of the outage spiked to over 1,300 around 5:15 pm, indicating the scale of the disruption. The problems are mostly related to Feed (47%), Website (30%) and Server Connection issues (23%).The social media platform has not issued a statement regarding what caused the disruption. (More to come)
Mumbai: A super safe debt instrument is finding favour among investors, looking for better options than bank deposits and small-savings schemes. Several individuals, who have cut exposure to equities and precious metals, are diverting the corpus to RBI's Floating Rate Bonds - government-backed debt instruments with a seven-year lock-in. "Investors booking profits in metals and equities after the sharp rally are shifting money into fixed income, which is boosting demand for these bonds," says Anup Bhaiya, MD and CEO, Money Honey Financial Services. RBI Floating Rate Bonds currently offer 8.05%, which is 100-200 basis points higher than State Bank of India's 5-10 year fixed deposit rate of 6.05% and 150 basis points more than the 10-year benchmark G-Sec yield of 6.52%. The bond's returns ar
