Fast-moving consumer goods (FMCG) major Hindustan Unilever (HUL) seems to be ceding ground in some personal-care categories to domestic and overseas players, as the market increasingly tilts towards the herbal products. A Nielsen data showed the company has seen 290 basis points (bps) decline in skin-cleansing or soaps category in the past two years to 41 percent, the largest segment within personal care according to a report published in The Economic Times. The report said oral care has seen a fall of 320 bps, hand-and-body-care category declined to 29.8 percent in September as compared to ... Read More

Non-banking finance firm Capital First today said its debenture committee has approved a proposal to raise up to Rs 400 crore through issuance of non- convertible debentures (NCDs) on private placement basis.The debenture committee...has inter-alia approved an issue of rated, listed, secured, redeemable, non-convertible debentures of Rs 100 crore plus green shoe option of Rs 300 crore on private placement basis, Warburg Pincus-backed Capital First said in a BSE filing.The NCDs will mature on December 8, 2022 and carry coupon rate of 8.25 per cent per annum. ... Read More

Travel services provider Thomas Cook India today said it has identified Odisha as a significant growth market for its foreign exchange business. To leverage this opportunity, the company has opened two forex counters at Biju Patnaik International Airport in Bhubaneswar, Thomas Cook India said in a BSE filing. Bhubaneswar has been identified as a prime growth driver for Thomas Cook India and continues to deliver strong growth of 32 per cent YoY for our foreign exchange business,Thomas Cook (India) CEO Mahesh Iyer said. The two new airport counters extend companys foreign exchange distributio ... Read More

The National Company Law Tribunal today allowed the government to appoint 10 directors on the board of debt ridden realty firm Unitech Ltd. The two-member NCLT bench headed by Chairman Justice M M Kumar has directed the government to submit the 10 names by December 20, the next date of hearing. The government had approached the NCLT to take over the management of Unitech alleging mismanagement and siphoning of funds by the management. NCLT has also issued notice to Unitech Ltd directing it to file the reply. They have permitted the central government to appoint 10 nominee directors to run th ... Read More

Debt-ridden Videocon group today said 3.19 per cent shares pledged by promoter group entities have been invoked by various pledgees. In a BSE filing, Videocon Industries said 1.06 crore shares or 3.19 per cent stake in company, pledged by promoter group entities Videocon Realty and Infrastructures Ltd, TekCare India India Pvt Ltd, Solitaire Appliances Pvt Ltd, Electroparts (India) Pvt Ltd were invoked. Since October 18, 2017 till November 24, 2017, total 1.06 crore shares have been invoked by various pledgees. Due to such invocation...the promoters shareholding reduced to 3.19 per cent of th ... Read More

Tata Motors today reported 22 per cent increase in its total global sales at 1,12,473 units for November. Global wholesales of all Tata Motors commercial vehicles and Tata Daewoo range in November 2017 were at 40,845 units, an increase of 51 per cent over the same month last year, the company said in a statement. In the passenger vehicles segment,total sales grew by 10 per cent at 71,628 units last month. The company said its British arm, Jaguar Land Rover clocked total global sales of 54,244 units, out of which 12,287 units were that of Jaguar and 41,957 units were of Land Rover. ... Read More