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This was in the context of Unilever’s thrust on sustainability. Today, as Unilever faces criticism for not entirely pull...
13/05/2022

This was in the context of Unilever’s thrust on sustainability. Today, as Unilever faces criticism for not entirely pulling out of Russia, following the attack on Ukraine, Jope believes not abandoning the company’s employees there is the most principled position for Unilever to adopt.

“Dare I say, many companies have announced their intention to leave Russia without the faintest plan,” Jope told TOI in an exclusive interaction."

Star product from India is talent: Unilever CEO Soon after taking over as Unilever’s CEO in January 2019, Alan Jope was quoted as saying, “Principles are only principles if they cost you something.” This was in the context of Unilever’s thrust on sustainability. Today, as Unilever faces crit...

The series will serve as a preparation for the showpiece event to be held in Australia in October and November this year...
11/05/2022

The series will serve as a preparation for the showpiece event to be held in Australia in October and November this year. Next year, Australia is also set to tour India for a four-Test tour in February and March.

India’s next assignment is a five-match T20 series against South Africa at home from June 9 to 19, followed by a tour of Ireland for two T20Is.

India to play 3 T20Is at home against Australia in September MELBOURNE: India will gear up for the ICC T20 World Cup with a home series against Australia featuring three T20 internationals in September later this year. According to a report in foxsports.com.au, “Australia will play a number of whi...

While interest rate on deposits maturing between 7 days and 45 days has been kept unchanged at 3 percent, those maturing...
11/05/2022

While interest rate on deposits maturing between 7 days and 45 days has been kept unchanged at 3 percent, those maturing between 46 and 179 days will now attract an interest rate of 3.50 percent as against 3 percent earlier.

The public sector lender also revised interest rate on bulk term deposits maturing between 180 and 210 days by 40 basis points to 3.50 percent, as against 3.10 percent earlier, as per the bank’s website.

SBI hikes interest rates on bulk term deposits by 40-90 bps MUMBAI: Country’s largest lender State Bank of India on Tuesday announced a hike of 40-90 basis points in the interest rates on several bulk term deposits. The revised interest rates on bulk term deposits amounting to Rs 2 crore and above...

In the case of IL&FS Tamil Nadu Power, which has two projects of 600MW in the southern state, it was decided in the meet...
11/05/2022

In the case of IL&FS Tamil Nadu Power, which has two projects of 600MW in the southern state, it was decided in the meeting that Tangedco, which distributes power in Tamil Nadu, would pay Rs 75 crore every week to liquidate around Rs 1,500 crore in the next five months. Lenders led by Punjab National Bank have agreed to facilitate the restructuring of the plant.

Power crisis forces states to pay dues MUMBAI: The power crisis has come to the aid of independent producers who were finding it difficult to recover electricity dues from state governments. It has also given a fresh lease of life to power projects facing liquidation. In its meeting on operationalis...

According to Amfi chief executive N S Venkatesh, despite the market volatility in April, retail investors’ trust in mutu...
11/05/2022

According to Amfi chief executive N S Venkatesh, despite the market volatility in April, retail investors’ trust in mutual funds as an asset class continued to be strong, which is reflected by the yearly rise in assets under management (AUM).

The retail equity AUM rose an annual 36% to an all-time high. As of end-April, total assets under retail investors was at Rs 18.9 lakh crore.

Equity MFs get Rs 15,900cr in April, up 5x despite volatility MUMBAI: Despite substantial market volatility in April, mutual fund investors put money into equity schemes and also continued to invest through the systematic investment plan (SIP) route, data released by industry trade body Amfi showed....

The stock jumped 3.31 percent to Rs 9.03 on the BSE. At the NSE, it went up by 4 percent to Rs 9.05 apiece. Vodafone Ide...
11/05/2022

The stock jumped 3.31 percent to Rs 9.03 on the BSE. At the NSE, it went up by 4 percent to Rs 9.05 apiece.

Vodafone Idea on Tuesday reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March, compared to the same period of the previous year, while its realization per user or ARPU improved sharply on a sequential basis aided by November tariff hikes.

Vodafone Idea shares gain 4% post earnings announcement NEW DELHI: Shares of telecom operator Vodafone Idea gained 4 percent in morning trade on Wednesday, a day after the company reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March. The stock jumped 3...

Chennai Super Kings might have had a “perfect game” against Delhi Capitals but skipper Mahendra Singh Dhoni doesn’t want...
09/05/2022

Chennai Super Kings might have had a “perfect game” against Delhi Capitals but skipper Mahendra Singh Dhoni doesn’t want to lose his sleep over play-off qualifications as he feels that even if they fail in that pursuit, it won’t be “end of the world”.

CSK beat Delhi Capitals by 91 runs and moved to the eighth position in the league table and will now need to win three games and depend on other results to make it as fourth place entrants in the play-offs.

If we make play-offs great but if we don’t it’s not the end of the world: Dhoni NAVI MUMBAI: Chennai Super Kings might have had a “perfect game” against Delhi Capitals but skipper Mahendra Singh Dhoni doesn’t want to lose his sleep over play-off qualifications as he feels that even if they...

After the latest increase, each domestic LPG refill will cost Rs 999.50 in Delhi and Mumbai, Rs 1,026 in Kolkata and Rs ...
09/05/2022

After the latest increase, each domestic LPG refill will cost Rs 999.50 in Delhi and Mumbai, Rs 1,026 in Kolkata and Rs 1,015 in Chennai. Prices of the refills vary across cities in accordance with state taxes.

Following the latest hike in LPG rate that has taken the price of a cylinder past Rs 1,000 in many cities, domestic consumers will have to bear the entire burden of the increase in the absence of subsidy.

Household LPG price tops Rs 1,000 mark in many cities NEW DELHI: The price of a household LPG refill cylinder shot past Rs 1,000 in several cities and stood just 50 paise short of that mark in Delhi and Mumbai as the government raised rates by Rs 50 for the second time since March 22, adding to the....

With three centuries and three fifties in 11 matches, Rajasthan Royals’ opener Jos Buttler continued to sit at the top o...
09/05/2022

With three centuries and three fifties in 11 matches, Rajasthan Royals’ opener Jos Buttler continued to sit at the top of the Orange Cap standings.

With a total of 618 runs, Buttler is averaging 61.80 as he continues to impress everyone with his breathtaking performances. Lucknow Super Giants captain KL Rahul is second on the list with a couple of centuries and two fifties to his name.

IPL 2022 Points Table, Orange Cap, Purple Cap updates NEW DELHI: With three centuries and three fifties in 11 matches, Rajasthan Royals’ opener Jos Buttler continued to sit at the top of the Orange Cap standings. With a total of 618 runs, Buttler is averaging 61.80 as he continues to impress every...

In a post on Twitter, tagging Musk, Poonawalla said, “… just in case you don’t end up buying , do look at investing some...
09/05/2022

In a post on Twitter, tagging Musk, Poonawalla said, “… just in case you don’t end up buying , do look at investing some of that capital in INDIA for high-quality large-scale manufacturing of cars.” He further said, “I assure you this will be the best investment you’ll ever make.”

Poonawalla woos Musk to invest in making Tesla cars in India NEW DELHI: Serum Institute of India (SII) CEO Adar Poonawalla on Sunday wooed Elon Musk to invest in India to manufacture Tesla electric cars, saying it will be the best investment he would have ever made. Musk, who has made a successful $...

“Pant for me has been doing great as a captain. He has utilised Kuldeep Yadav very well and now he is winning matches fo...
06/05/2022

“Pant for me has been doing great as a captain. He has utilised Kuldeep Yadav very well and now he is winning matches for Delhi. But Pant – the batsman – still has to fire. He is a big player, and with coach Ricky Ponting behind him, he is going to click soon and a big innings is coming soon,” Raina told ‘Star Sports’.

Pant doing well as DC skipper, big knock isn’t far away: Raina MUMBAI: Former India batter Suresh Raina feels Rishabh Pant has done exceedingly well as Delhi Capitals captain and his handling of left-arm spinner Kuldeep Yadav is a testimony to that. Kuldeep, who had lost form and confidence in the...

For the full fiscal of 2022, Adani Power’s profit rose 287% to Rs 4,912 crore, while revenue grew 13% to Rs 31,686 crore...
06/05/2022

For the full fiscal of 2022, Adani Power’s profit rose 287% to Rs 4,912 crore, while revenue grew 13% to Rs 31,686 crore.

In Q4FY22, operating profit surged 271% to Rs 7,942 crore, aided by a prior period income recognition, greater shortfall claims due to high import coal prices, and higher merchant & short-term tariffs and volumes, as compared to Q4FY21.

Adani Power net up 357x in Q4 on prior period income MUMBAI: Adani Power’s profit rocketed 357 times to Rs 4,646 crore in the January-March (Q4FY22) quarter from Rs 13 crore in the year-ago period, mainly on account of higher revenue. Total revenue zoomed 93% to Rs 13,308 crore during the quarter ...

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