​In fact, if you are talking about GDP pickup happening, by the way, India will be probably the only economy after China which will give this kind of an option to the world to get into a growth phase and we will be crossing 5 trillion by 2027 or so.

Navi Nifty 50 ETF will trade on stock exchanges like a normal stock, with real-time prices. This means that investors can buy and sell the ETF throughout the trading day and seasoned investors can take advantage of intraday price movements in index funds.

Both Nifty 50 and Sensex declined for a fourth consecutive week. The Nifty 50 has lost 3.4% since hitting a record high on July 20. From the Sensex pack, TCS and Tech Mahindra were the top laggards, falling about 2% each.

From the top 10 pack, Reliance Industries, Hindustan Unilever and Infosys were the gainers while Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, State Bank of India, Bharti Airtel and Bajaj Finance saw a decline in their valuation. The market valuation of TCS tanked Rs 29,894.45 crore to Rs 12,32,240.44 crore. HDFC Bank's valuation declined by Rs 19,664.06 crore to Rs 12,02,728.20 crore.

Tata Consumer is to first buy 65-70% of the company from its three investors, with a pathway to acquire the rest over a period of time, valuing the company at ₹5,500 crore. The other contenders in fray include Nestle SA, the world's largest foods company, and The Kraft Heinz Co. T

Homegrown FMCG major Dabur India is looking for an acquisition in direct-to-consumer (D2C) space, particularly in healthcare and personal care, its Chief Executive Officer Mohit Malhotra said on Thursday. The acquisition will help Dabur to increase its play in the fast-growing premium segment and also to strengthen our urban play, Malhotra said in a post-results Investors' Conference Call.

​The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar Ltd. for a few months, the people said, asking not to be identified as the information is confidential. Adanis shares are worth about $2.7 billion at the current share price, according to Bloomberg calculations.

India's Nirma, known for its washing detergent, is seeking to expand into the pharma sector by becoming the leading contender to buy Glenmark Life Sciences. If successful, it will be Nirma's largest acquisition since buying LafargeHolcim's Indian cement assets for $1.4bn in 2016.

Smaller local players in India, such as Parle, Britannia and Hindustan Unilever, have entered the biscuit, tea, detergent, oil and snacking sectors, nibbling away at larger companies' market shares as the price of raw materials has lowered. During deflationary times, regional rivals give more value to consumers by offering extra grammage and are more nimble with product launches.

The company is the market leader with over 43% of India's laundry market with brands such as Surf, Rin, and Wheel. HUL's home care business in India is the biggest for Unilever globally with annual sales of ₹21,230 crore. "This is a category where performance matters and we are very clear that if that drops in our hunt for sustainable products, then consumers will penalise us for it," added Subramanian.

“The next couple of years should be better for pharma companies as the pricing outlook keeps on improving and the cost pressure is also moderating for inputs like APIs, chemicals, etc. So, generic companies or those with a good specialty portfolio, should do well in the next two years.”

Sector-wise, Nifty Auto surged 0.76% and Nifty Financial Services rose 0.56%. Banks, FMCG, pharma, realty, consumer durables, and healthcare sectors also opened with gains. In the broader market, Nifty Midcap 100 rose 0.43%, and Nifty Smallcap 100 gained 0.39%.

HDFC Bank has overtaken IT giant, Tata Consultancy Services, becoming India's second-most valuable company by market capitalisation. Following the merger of its mortgage financier parent, HDFC Bank has a market capitalisation of INR12.7tn ($173bn), more than $783m higher than TCS' INR12.67tn valuation.

​The segments that we are seeing more growth in at this point in time are in the discretionary products and services segment and in some parts of the financial services as well.

Sanjiv Mehta, the former Chairman and CEO of Hindustan Unilever, compared his experience watching Parsi conductor Zubin Mehta conducting the Symphony Orchestra of India with the art of leadership.

The NSE Nifty index was trading 23.15 points up at 19462.55

Shares of brokerage firm ICICI Securities opened over 15% as the Board of Directors of ICICI Bank will meet on June 29 to consider a proposal for delisting its institutional and retail broking arm. Shree Cement shares hit a 10% lower circuit amid media reports that tax evasion to the tune of Rs 230 billion ($2.80 billion) has been found in tax searches at multiple locations of Shree Cement in Rajasthan.

The BSE Sensex was trading 232 points or 0.37% higher at 63,202. Nifty50 was trading at 18,758, up 67 points or 0.36% at around 9.18 am.

HUL shares have underperformed the market in the past year with the stock remaining flat as against the 27% gains in the Nifty FMCG index and the 18% upmove in the benchmark Nifty. ITC shares surged 64% in this period.

HDFC Securities recommended reduce rating on Hindustan Unilever with a target price of Rs 2550 in its research report dated July 20, 2023.

Interestingly, the highest-paid Chief Financial Officer (CFO) within the Tata Group in fiscal year 2023 is not from TCS or Tata Steel. Pathamadai Balachandran Balaji emerged as the highest-paid CFO, having assumed this role at Tata Motors in 2017. Prior to his current stint at Tata Motors, Balaji worked as the CFO of Hindustan Unilever Ltd (HUL).

"The Indian leadership looked to find credible solutions for assuaging the global headwinds by adopting a humanist and developmental stance. It succeeded to forge a consensus on the historical 'New Delhi Declaration' which proffered ingenious solutions to many pressing global problems. This also reflected India's emergence as a leader of the Global South," said R Dinesh, president of the CII and executive vice chairman at TVS Supply Chain Solutions.

The Covid-19 pandemic has led to a significant shift to remote working practices, impacting the gender balance of workforces as surveys have indicated that many women would consider quitting if remote working ended. According to HR executives, employers offering some degree of flexibility stand to benefit by retaining a more diverse pool of talent.

According to Raamdeo Agrawal, Chairman of MOFSL, pure internet companies such as Zomato, Swiggy, and PolicyBazaar can become large players in terms of profit pool. Companies like Bajaj Finance, Zerodha, and Angel One, which are traditional businesses leveraging the power of technology, are also poised for accelerated growth. Another area for growth is the real estate industry, which is showing profits after years of losses.

Reliance Industries and Tata Consultancy Services led the pack among the top-10 most valued Indian companies, adding a combined Rs 2,03,010.73 crore ($27.5bn) in market valuation last week, mainly due to gains in equity markets. The value of Reliance Industries rose to Rs 18,53,033.73 crore last week, while TCS

Stocks listed in the BSE 100 Index, including Bank of Baroda, BPCL, Dr Reddy's Labs, HDFC Life Insurance, HUL, IndiGo, IOC, Larsen & Toubro, Lupin, and M&M, hit new 52-week highs, showing investor confidence and market leadership. The data accessed at 1.10 pm is subject to real-time updates, and individual reports may differ.

The Indian market opened with a negative bias, tracking mixed global cues. The Sensex rose nearly 300 points, while the Nifty50 closed below 19,400 levels. The India VIX slightly increased as the index is soon moving to new high territories. The maximum Call OI is placed at 19,400, and the maximum Put OI is placed at 19,300.

But central Mumbai's Worli-Lower Parel corridor, once home to millhands at the now-mothballed factories of mid-19th century vintage, has lately emerged as the hotspot for the well-travelled global manager. And, new luxury projects, especially large gated communities such as Lodha World Towers, Raheja Vivarea, Indiabulls BLU Estate, Beau Monde and Planet Godrej, challenge the pecking order of plush addresses for expats, influential personalities and business leaders.

Global investment bank JPMorgan Chase sees Reliance Retails enterprise value at $112 billion, while UBS has valued it at $110 billion and Bernstein at $111 billion.

The NSE Nifty index closed 24.1 points up at 19355.9

Advertisement space per publication in the print media witnessed a 7% year-on-year increase during the quarter, compared with a 6% growth in the January-March 2021 quarter.

Sharekhan is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 3050 in its research report dated July 05, 2023.

Last week, the combined market valuation of the top 10 most valued firms in India increased by Rs 1.88 lakh crore. HDFC Bank and Tata Consultancy Services saw the biggest gains. The BSE Sensex also reached a lifetime closing high, increasing investor optimism. The market valuation of HDFC Bank surged the most, followed by TCS, Infosys, and Reliance Industries. Reliance Industries remained the most valued company, with TCS, HDFC Bank, ICICI Bank, and Hindustan Unilever following suit.

According to the company's annual report, Jawa would draw an annual remuneration of Rs 21.43 crore and would also receive a sum of Rs 4.83 crore as mobility-linked allowances in FY24. Prior to this role, Jawa was the Chief of Transformation for Unilever in London.

The shift in the Eid market holiday to Thursday came after the government of Maharashtra, state where India's financial capital Mumbai is located, changed the date for the same late on Monday

Under Mehta, India's biggest consumer-goods company crossed the '50,000-crore turnover mark, and its market capitalisation expanded more than four times - from $17 billion to $75 billion. "The first two decades of this century were China's, then this decade and beyond will be India's.

While addressing the shareholders in response to a question about the rationale of such an increase, Hindustan Unilever Ltd Chairman Nitin Paranjpe said the change was made "after plenty of due diligence and satisfying ourselves that we are getting adequate value for this payment that is royalty payment which is being made".

Blue chip stocks are established, financially sound companies with strong governance, skilled management teams, and a proven track record. They offer stability, reliability and are included in major market indices. These stocks are known for their leadership position in their respective sectors and have strong bargaining power with the customer. They have a robust financial strength, can weather market fluctuations, and have a consistent track record of paying substantial and regular dividends. While being safe and low-risk investments, blue-chip companies command high valuations, generally above the broad-market, thus making them an ideal choice for long-term investors.

“The performance of the three major large cap IT stocks that have reported earnings in the last two days — TCS, HCLTech, and Wipro — offers insights. There were no surprises or disappointments in their numbers, which met Street estimates.”

"This is Indias time. Armed with a growing young population, a focus on digital public infrastructure, large strides in adoption of green energy, India stands at the focal point for growth globally. It is therefore time for all of us to move forward alongside the nation, together," he said.

🌟Intraday Stock for tomorrow 11.08.2023🌟👇#HINDUNILVR

Sanjiv Mehta, CEO and Managing Director of Hindustan Unilever Limited (HUL), has expressed his emotional connection with the company and its retired directors in a post on LinkedIn.