Author: Vandan Gajjar
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Digital Transformation Propels HUL as Consumers Spend Over 50% of Time Online
HUL’s CEO, Rohit Jawa, revealed that the average Indian consumer is allocating more than half of their time to digital media, showcasing the growing influence of e-commerce and digital platforms. In response, HUL has appointed its first chief digital officer…
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Challenges Ahead for RIL’s O2C Division Despite Overall Profit Growth
Reliance Industries Ltd (RIL) recently disclosed a 9.3% YoY increase in its consolidated net profit for Q3 2023, displaying robust performance in its retail and telecom sectors. However, the spotlight falls on the oil-to-chemicals (O2C) division, which is expected to…
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Jio Platforms’ Resilient Growth in Q3FY24
In the third quarter of FY24, Jio Platforms Ltd (JPL) exhibited notable financial strength, reporting an 11.6% YoY increase in net profit, totaling ₹5,445 crore. This accomplishment is situated within a broader narrative of sustained growth for Jio Platforms, marking…
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Tata Steel’s Strategic Move: Closing Port Talbot Furnaces for Sustainable Transformation
In a significant strategic move, Tata Steel has announced the closure of two blast furnaces at its Port Talbot Steelworks in Wales, UK. The decision, impacting up to 2,800 jobs, is part of a broader initiative to restructure the company’s…
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Apple’s Low-Key Approach to Vision Pro Launch
Apple is adopting a subdued strategy for the release of its Vision Pro augmented reality device, in stark contrast to its past high-profile product launches. While the company has created a catchy commercial and offered individual demonstrations to tech reviewers,…
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Impact of Subdued Rural Demand on FMCG’s Q3 Performance
Hindustan Unilever Limited (HUL) faced a series of challenges during the October-December quarter, impacting its financial performance. Despite a 2% increase in PBIDT, the company reported a sequential decline of 0.5% in revenue and a notable 5.5% decrease in net…