Daily News Podcast Sanjiv Mehta to take over as HUL chairman : Bulletin: Business Today
 

Daily News Podcast: Sanjiv Mehta to take over as HUL chairman

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April 13, 2018

Retail inflation eases to five-month low in March
India's retail inflation eased to a five-month low in March, but remained above the Reserve Bank of India's medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June. The RBI, which has kept rates steady since a cut of 25 basis points in August, is widely expected to maintain rates at their current level in the next review due on June 6.

Boeing announces partnership with HAL, Mahindra Defence
In the ongoing Defence Expo 2018, Boeing  has announced a partnership with Hindustan Aeronautics Limited (HAL) and Mahindra Defence Systems (MDS) for manufacturing the F/A-18 Super Hornet in India for its armed forces as reported by ANI. This is on the lines of  Prime Minister Narendra Modi's 'Make in India' initiative.

Infosys will declare its Q4 and FY18 result today
Salil Parekh, CEO of Infosys, will unveil his strategy for the company today when the company discloses its fourth quarter numbers and shares its revenue forecast for the year ahead. Analysts will watch whether Infosys will retain the software-as-a-service model set by former CEO Vishal Sikka or focus on consulting-led services business.Analysts are also waiting for clarity on how the company is looking to fill in some of the top-level positions which are vacant after several senior management exits over the past 12 months

Sanjiv Mehta to take over as HUL chairman
CEO and MD of HUL Sanjiv Mehta will take over as chairman of Hindustan Unilever taking over from Harish Manwani. Manwani is set to retire from the post of non-executive chairman at the company's annual general meeting in June. Mehta has got an extension of another five years by the board of the company. 64 year old Manwani has been the longest serving chairman of HUL.

Bitcoins worth Rs 20 crore stolen from exchange in India
Nearly 438 bitcoins worth over Rs 20 crore were stolen from a top exchange firm in India in what is being billed as the biggest cryptocurrency theft in the country so far, as reported by the Economic Times. Coinsecure, the Delhi-based cryptocurrency exchange, has filed an FIR with the cyber cell accusing its CSO, Amitabh Saxena, of siphoning off the money from the firm's wallet. Team Coinsecure told Business Today, "We regret to inform you that our Bitcoin funds have been exposed and seem to have been siphoned out to an address that is outside our control"

No junk food ads aimed at kids: FSSAI
India's food regulator FSSAI has proposed a ban on all forms of advertising of products with high fat, sugar and salt (HFSS) aimed at children as reported by the Economic Times. This move could affect companies making chips, burgers, pizzas and other junk food. "HFSS food products shall not be advertised to children in any form," the Food Safety and Standards Authority of India said in a notice inviting comments, views and suggestions to its draft regulations.

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