Hindustan Unilever

Despite Growing Expenses And Slower Rural Expansion, Hindustan Unilever Ltd. Announces A 13% Increase In Net Profit

The largest producer of consumer goods in India, Hindustan Unilever Ltd. (HUL), announced a 13% increase in its consolidated net profit for the three months that ended in March. Despite increasing expenditures that reduced the company’s margin, net profit increased to Rs 2,600 crore, in line with estimates.  The total revenue for HUL’s fiscal year…

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Adani Group

The First Debt Buyback By Adani Group Of 130 Million Dollars Since The Hindenburg Report

The first debt repurchase scheme since a US short-seller targeted the conglomerate owned by billionaire Gautam Adani in January was started by Adani Ports and Special Economic Zone (APSEZ) on Monday. The association has used Barclays Bank, DBS Bank, Emirates NBD Bank PJSC, First Abu Dhabi Bank, PJSC, and MUFG Securities Asia Singapore Branch. Contracted…

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