Tue, May 30, 2017 | updated 04:37 PM IST

HUL Q1 net likely up 10 pct on margin; growth around 5 pct

Updated: Jul 16, 2016 17:41 IST      
HUL Q1 net likely up 10 pct on margin; growth around 5 pct

New Delhi, July 16 (ANI): FMCG major Hindustan Unilever ( HUL), which is set to announce its first quarter earnings on July 18, expects a profit of 10 percent year-on-year to Rs. 1,156 crore on margin expansion, according to average of estimates of analysts.

In a poll conducted by CNBC-TV18, the company revenue is seen rising 5.6 percent to Rs. 8,557 crore in the quarter ended June 2016 from Rs. 8,105 crore in year-ago period with volume growth around 4.5-5.5 percent.

Meanwhile, the gross margin is likely to be at around 52.5-53 percent for the quarter but expansion may taper going ahead as commodity prices are bottoming out.

As per the analysts, benefits from monsoon and 7th Pay Commission may be seen October 2016 onwards.

Operating profit may increase nine percent to Rs. 1,641.8 crore and margin may expand 60 basis points to 19.2 percent compared to year-ago period. (ANI)

India Power on a growth trajectory

Updated: May 30, 2017 15:50 IST     

New Delhi [India], May 30 (ANI-NewsVoir): India Power Corporation Limited ("India Power"), a publicly listed, Kanoria Foundation entity, is on a growth trajectory with setting up and commissioning of another power plant of 36 MW solar in Uttarakhand at an investment of Rs. 225 crore.

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Paytm brings PSPCL bill payments online

Updated: May 30, 2017 15:21 IST     

New Delhi [India], May 30 (ANI): Paytm has partnered with Punjab

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New Delhi [India], May 30 (ANI-NewsVoir): In a bid to capture India's fast-increasing mobile Internet user base, BIGO LIVE, a mobile broadcasting app, organized its first-ever broadcasters meet-up in India recently.

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New Delhi [India], May 30 (ANI): GST implementation may hold positive surprises for states' finances and as per the initial calculation, the states can look at a total gain of Rs. 350 to 450bn (0.2-0.3 percent of GDP).

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New Delhi [India], May 30 (ANI): Adecco Group, the world's leading provider of HR solutions, has selected 48 talented young people from all over the world to take on the role of *CEO for one month. The India selected finalist - Mohit Mahajan will work alongside and under the mentorship of Priyanshu Singh, Country Manager and MD, Adecco Group India.

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New Delhi [India], May 29 (ANI-NewsVoir): Thought provoking and possible game changing discussions on access, use, disposal and treatment of menstrual hygiene products in India were presented at the one day consultation: Pushing the Boundaries on the MHM Dialogue held here on Monday.

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New Delhi [India], May 29 (ANI-NewsVoir): OPPLE, a global integrated lighting solutions company, and one of World's Leading LED Lighting brand today announced their 'Gold Eagle Club', an elite and exclusive club for their top 8 dealers from all over India.

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New Delhi [India], May 29 (ANI): DigitalF5, the leading digital innovator with vast expertise in the domains of Design and Content, Marketing and Technology, has recently acquired AdClear, a Google Partner Company specializing in the domain of performance digital marketing.

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Jaitley hails GST as 'efficient tax system to curb evasion'

Updated: May 29, 2017 17:16 IST     

Bengaluru (Karnataka) [India], May 29 (ANI): Hailing the Goods and Services Tax (GST) Bill as an efficient tax system for India, Union Finance Minister Arun Jaitley on Monday asserted that the new taxation regime will help in maintaining a strict vigil on tax evasion, thereby strengthening the Indian economy.

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ED attaches 30 kg gold of J. Sekhar Reddy, associates

Updated: May 29, 2017 16:48 IST     

New Delhi [India], May 29 (ANI): The Enforcement Directorate (ED) on Monday provisionally attached 30 kg of gold bars worth Rs. 8,56,99,350 of J. Sekhar Reddy and his associates in lieu of the exchange of old notes to new currency notes under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

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New Delhi [India], May 29 (ANI): In the backdrop of a re-branding drive, AWPL on Monday announced its new corporate identity, reflecting the company's transition to help enterprises in the insurance and banking industries to embrace transformation to the digital era.

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PSP Projects makes its debut; opens at Rs. 195

Updated: May 29, 2017 15:24 IST     

New Delhi [India], May 29 (ANI): Multi-disciplinary construction company PSP Projects on Monday witnessed a cut of seven percent as compared with the issue price of Rs. 210.

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HP and KPMG introduce 'GST solution' for traders, MSMEs

Updated: May 29, 2017 14:19 IST     

New Delhi [India], May 29 (ANI): HP India in collaboration with KPMG on Monday announced the launch of a comprehensive, secure and affordable invoicing platform 'GST solution' to help transition millions of traders and Micro, Small and Medium Enterprises (MSMEs) to Goods and Services Tax (GST) regime.

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Finova Capital names Rajiv Sabharwal as its Strategic Advisor

Updated: May 29, 2017 14:03 IST     

New Delhi [India], May 29 (ANI): Fast growing NBFCs based out of Jaipur, Rajasthan and floated by ex-senior banker Mohit Sahney, Finova capital on Monday announced its association with Rajiv Sabharwal as the strategic advisor.

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Pak budget has clear Chinese footprint-Experts

Updated: May 29, 2017 10:49 IST     

Islamabad/Lahore [Pakistan], May 29 (ANI): Financial and economic experts in Pakistan have said that budget proposals announced for fiscal 2017-18, have a clear and visible Chinese footprint.

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Ingredients of an impactful video content strategy

Updated: May 29, 2017 05:03 IST     

New Delhi [India], May 29 (ANI): Video content marketing is the integration of video as a part of content strategy that goes along with other forms like social text posts, banners, posters, photos, blogs, websites, etc.

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New Delhi [India], May 28 (ANI-BusinessWire India): Moving from one place or city to another is a part and parcel of our life. Sometimes we have to move from one place to another for better opportunities or some specific circumstances. Moving to a new place especially with lots of goods and household effects can be tedious and complicated process bringing an individual in stress and hassle.

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Criminal prosecution by IT Dept. surged by cent pct during Modi regime

Updated: May 27, 2017 19:41 IST      By: Shailesh Yadav

New Delhi [India], May 27 (ANI): Criminal prosecution by the Income Tax Department has witnessed a sharp increase of more than 100 percent during the last three years of Prime Minister Narendra Modi-led Government.

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New Delhi [India], May 27 (ANI): Aiming to empower Nagpur's electric mobility drive, Ola and Mahindra on Friday announced their collaboration with the Government of India in a first-of-its-kind programme to build an electric mass mobility ecosystem in Nagpur, which will bring about a transformational change in the automotive and transportation landscape in the country.

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New Delhi [India], May 27 (ANI-NewsVoir): President of India Pranab Mukherjee received the first copies of the book 'Mann Ki Baat' - A social revolution on Radio, at Rashtrapati Bhavan, New Delhi, on May 26, 2017.

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