#Sanjiv Mehta
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Giám đốc điều hành HUL, Tin Tức Marketing & Advertising Marketing
Bài viết này được dịch từ 1 bản thảo tiếng anh còn một số lỗi dịch thuật xin quý bạn đọc thông cảm. Win To Win Marketing cảm ơn bạn đã ghé thăm!
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Đối với hầu hết các cos, Ấn Độ là ưu tiên hàng đầu: Giám đốc điều hành HUL
Với việc Ấn Độ chuẩn bị vượt qua Trung Quốc để trở thành quốc gia đông dân nhất, nhân khẩu học được các công ty toàn cầu coi là tài sản.Sanjiv Mehta, CEO & MD của…
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Electoral Bonds Struck Down Ahead Of Polls In Big Supreme Court Order
In a historic judgment, the Supreme Court today struck down the electoral bonds scheme for political funding, holding that it violates the citizens' right to information. The electoral bonds scheme, Chief Justice of India DY Chandrachud said, was unconstitutional and arbitrary and may lead to a quid pro quo arrangement between political parties and donors.
The Constitution bench of five judges held that the stated objective of fighting black money and maintaining the confidentiality of donors cannot defend the scheme. Electoral bonds, the court said, are not the only way to curb black money.
The Chief Justice of India said State Bank of India shall stop issue of these bonds at once and provide details of donations made through this mode to the Election Commission of India. The poll body was asked to publish this information on its website by March 13.
The five-judge bench, also comprising Justice Sanjiv Khanna, Justice BR Gavai, Justice JB Pardiwala and Justice Manoj Misra, came up with a unanimous decision. "We have arrived at a unanimous decision. There are two opinions, one by myself and another by Justice Sanjiv Khanna. Both arrive at the same conclusion. There is a slight variance in the reasoning," the Chief Justice of India said.
The electoral bonds scheme was introduced in 2018 with the stated objective of blocking black money from entering the political system. Then Finance Minister Arun Jaitley had then said the conventional practice of political funding in India was cash donations. "The sources are anonymous or pseudonymous. The quantum of money was never disclosed. The present system ensures unclean money coming from unidentifiable sources. It is a wholly non-transparent system," he had then said. On the confidentiality clause, he had said the disclosure of the donors' identity would make them go back to the cash option.
Soon after the scheme was implemented, multiple parties challenged it in court. These included CPM, Congress leader Jaya Thakur and non-profit Association for Democratic Reforms. They argued that the confidentiality clause came in the way of the citizen's right to information.
Senior Advocate Prashant Bhushan, appearing for ADR, said the bonds promote corruption as they are opaque and anonymous. "The bonds do not allow a level-playing field between political parties which are ruling versus political parties which are in the Opposition or between political parties and independent candidates." He also said ever since this scheme was introduced, contributions made through this donation method had exceeded all other modes.
In fact, the Election Commission, too, had opposed the scheme when it was brought, calling it a "retrograde step" with regard to transparency in political funding. Later
The government had gone all out to defend the scheme in the Supreme Court. Solicitor General of India Tushar Mehta had said it was a deliberate attempt to ensure that funding received by political parties was clean money. He had said disclosing the donor's identity could disincentivise the whole process. "Suppose, as a contractor, I donate to the Congress Party. I do not want the Bharatiya Janata Party (BJP) to know because it might form a government," he had said. When the court asked how this confidentiality can be reconciled with the voters' right to information, Mr Mehta had replied that voters do not vote on the basis of who is funding which party but on ideology, principles, leadership and efficiency of a party.
Countering the right to information argument, Attorney General of India R Ventakaramani had said there "can be no general right to know anything and everything without being subjected to reasonable restrictions". "Secondly, the right to know as necessary for expression can be for specific ends or purposes and not otherwise," he had said.
The Supreme Court also struck down the amendments to company and tax laws. Earlier, companies needed to be at least three years old to donate and had to disclose the amount and name of the party to which it was donating. These conditions that ensured transparency in corporate donations were done away with under the new law.
"A company has graver influence on the political process than contributions by individuals. Contributions by companies are purely business transactions. Amendment to Section 182 Companies Act is manifestly arbitrary for treating companies and individuals alike," the court said.
"Before the amendment, loss making companies were not able to contribute. The amendment does not recognise the harm of allowing loss-making companies to contribute due to quid pro quo. The amendment to Section 182 Companies Act is manifestly arbitrary for not making a distinction between loss making and profit making companies," the court added.
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Live | Sanjiv Bhasin, Dipan Mehta & Other Market Experts Speak On Nifty 20,000 Mark | Stock News
ET NOW: http://dlvr.it/SvydvC
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Abrogation of Article 370: Supreme Court to hear the petitions from August 2, 2023
Today, Chief Justice of India DY Chandrachud fixed August 2, 2023, as the starting date for hearing a batch of petitions against the abrogation of Article 370 of the Indian Constitution. CJI said that the petitions will be heard every day from 2nd August except Mondays and Fridays. Earlier on 3rd July 2023, a notice was issued by the Supreme Court stating that the five-judge Constitution bench for hearing matters related to dilution of Article 370 constitutes, CJI Chandrachud, Justice Sanjay Kishan Kaul, Justice Surya Kant, Justice BR Gavai, and Justice Sanjiv Khanna. Article 370 strips the erstwhile state of Jammu and Kashmir of its special privileges or status and bifurcates Jammu & Kashmir into the Union territories of J&K and Ladakh.
During the proceedings, the need to file an additional affidavit was questioned by Justice SK Kaul. This was because, on July 10, an affidavit was filed by the Union Government related to the present status of J&K after the abrogation of its special status. Pointing to this, Justice Kaul stated that a rejoinder affidavit will be filed by the other side and the process will continue this way. In this context, the Solicitor General of India appeared for the Union Government, Tushar Mehta, mentioned that the affidavit does not provide appropriate information regarding the current situation of Jammu & Kashmir; therefore, there is no requirement of filing a rejoinder affidavit. CJI further said “The affidavit of the centre has no bearing on the constitutional question”
Click Here to Read Full Supreme Court Update
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Also Read: Legal News
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India's Economy Is Booming, But Warning Signs Emerge
India grew by 6.1% in the three months ended March compared to a year earlier.
India's booming economy is the envy of other major markets. But beyond the hype and expectation, people who watch the country closely are flagging warning signs.
The country is heading for a slowdown, analysts say, as rising inequality squeezes consumer spending among the poor - and the hundreds of millions in the middle class. The pessimism comes even after the latest growth figures blew past estimates last week, rounding off an expansion of more than 7% for the fiscal year.
"Consumer fatigue appears to be setting in," said Kunal Kundu, an economist with Societe Generale SA in Bengaluru. The economy may slow "substantially," he said.
Any cooling - especially one driven by inequality - would pose a challenge for Prime Minister Narendra Modi as he seeks a third term in general elections next year. It would also increase the chances the central bank, which decides on monetary policy this week, will cut interest rates earlier than expected.
And it would temper hope - at least in the short term - that India will do more to propel the global economy as powerhouses such as China slow.
India grew by 6.1% in the three months ended March compared to a year earlier, well beyond the 5% estimate of economists surveyed by Bloomberg, driven mainly by increases in services exports and government spending. It expanded 7.2% for the fiscal year through March, continuing a post-pandemic recovery that outstrips major peers.
But Nomura Holdings Inc., HSBC Holdings Plc, Standard Chartered Plc, Goldman Sachs Group Inc. and others say growth will decelerate this fiscal year, with Nomura seeing it falling to 5.5%. The banks pointed to other factors, such as the impact of rising borrowing costs on spending, and slowing global growth affecting exports.
SocGen and others say consumer demand will decline as the nation's rich get richer but others struggle with the cost of living. That's creating what's known as a K-shaped recovery in consumption, where luxury items sell well but basic goods go in the opposite direction, Kundu said.
Sarmishta Sarkar, a 35-year-old manager at a multinational food and beverage company, is putting off buying a compact car that she could drive to the office instead of braving Mumbai's notoriously crammed public transport.
"Saving is difficult when living costs themselves are this high," she said. "I will wait until December."
Private consumption fell 3.2% in the three months ended March from the previous quarter. This may be due to reduced spending by the urban middle class, which should come as a concern for the country's growth, said Rupa Rege Nitsure, chief economist at L&T Finance, the commercial and personal finance arm of India's largest construction company.
"It's not a broad-based recovery," she said, adding this means it will be difficult to sustain.
Even spending by the 65% of the population living in rural areas, a bright spot in the recent data after a strong harvest, is expected to slow if an El Nino weather pattern brings drought that disrupts the monsoon season, which plays a vital role in the lives of hundreds of millions of people who depend on agriculture.
Two-wheeler vehicle sales, a key gauge of rural demand, remain below their pre-Covid levels.
"When you look at volume growth, it's very apparent that there has been more stress" in India's hinterland compared to urban areas, Sanjiv Mehta, the outgoing managing director and chief executive officer of Unilever's Indian arm, said in an interview in Mumbai. "It's very understandable when you have this kind of inflation."
One implication of a slowdown is likely to be on interest rates.
All 40 economists surveyed by Bloomberg forecast the Reserve Bank of India will keep the repurchase rate unchanged on Thursday, after it unexpectedly paused its tightening cycle in April. But Nomura economist Sonal Varma expects the central bank to start cutting rates in October and to lower them by a total of 75 basis points.
Another impact, at the margins, may be on PM Modi's prospects in the 2024 polls. India needs growth of 8% to 8.5% annually to employ the 90 million new nonfarm workers that will join the workforce by 2030, a McKinsey report in 2020 said.
Despite the pessimism, there are many positives about India's economy. The services sector is booming, while a manufacturing purchasing managers' index reached a 31-month high in May. Tax collections hit a record in April, inflation is easing and foreign-exchange reserves are among the largest globally.
Even with the expected slowdown, India will still be the fastest-growing major economy in the world this year, according to International Monetary Fund projections. Germany is in recession, some observers expect the US to follow, and the IMF projects China will grow 5.2% in 2023.
HSBC raised its India growth forecast for the current fiscal year to 5.8% this week, up from 5.5%, saying GDP growth momentum has been "steady."
And even if India slows in the short term, analysts remain bullish on its long-term prospects. "India is rising in the world order," Morgan Stanley equity strategist Ridham Desai and colleagues wrote in a report on the country's markets this month.
But that's all little consolation to Sanjay Kumar Mishra, a 40-year-old security guard at a gated community on the outskirts of Mumbai. He shares a 10 square-meter room with five others, but there's only three in it at any time because people work two shifts.
Mishra's wages have hardly changed since the before the pandemic even as inflation surged. He earns about 12,000 rupees ($145) a month. These days, he sends less money home to his family in a village in the northern state of Uttar Pradesh. And they, in turn, spend less.
"There's no point arguing on salary," he said. "Somebody else is always ready to work for a thousand rupees less."
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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Rohit Jawa Named As New Managing Director, CEO Of Hindustan Unilever Ltd As Sanjiv Mehta To Retire
Last year, Unilever had said the United States, India and China were three of its key growth markets, underlining plans to grow in India amid rising use of the internet in the country and the economy’s expansion.
source https://zeenews.india.com/companies/rohit-jawa-named-as-new-managing-director-ceo-of-hindustan-unilever-ltd-as-sanjiv-mehta-to-retire-2582141.html
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Cheaper commodities will lower prices, boost volumes: HUL CEO - Times of India
Cheaper commodities will lower prices, boost volumes: HUL CEO – Times of India
By delivering seven quarters of double-digit growth in a turbulent external environment, Hindustan Unilever’s (HUL’s) CEO & MD Sanjiv Mehta has displayed an innate ability to navigate the ship through choppy waters. It’s a fact that inflation helped the company in posting higher headline numbers apart from its time-tested strategy of straddling the pyramid. But even when the company judiciously…
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The East India Company, which was started in 1600, was the first and biggest organization that dominated trade in the 17th and early 18th century. Entering India in 1757, it gained foothold on Indian land in no time. Crushing indigenous traders and farmers, it soon established monopoly over our country's produce, and crippled homegrown business. The history of Indian Independence has come a full circle. It is indeed a matter of pride that the East India Company that ruled us for 100 years, is owned by an Indian today. Mumbai-born entrepreneur Sanjiv Mehta bought major stake in the company with a whopping $15 million in 2010, and became the proud owner of the company. Speaking on the emotional and historic relevance of the purchase, Mehta had said, “Put yourself in my shoes for a moment. On a rational plane, when I bought the company I saw gold at the end of the rainbow.But, at an emotional level as an Indian, when you think with your heart as I do, I had this huge feeling of redemption — this indescribable feeling of owning a company that once owned us.” ~~~~~~~~~~~~~~~~~~~~~~~ Tags: #india #business #marketing #businessowner #businessmarketing #india_everyday #businesstravel #businessmentor #businesssuccess #businessmind #indianstockmarket #indianpictures #businessconsultant #marketingsocial #business101 #india_shots #businessblogger #indianpeople #indianarchitects #marketingviral #indianethnics #businessskills #businessforgood #businessbook #indianidol11 #indianmarket #businesssavvy #indianreaders #indianinfluencers #thetornbytes (at India) https://www.instagram.com/p/CgJQ7sONP3r/?igshid=NGJjMDIxMWI=
#india#business#marketing#businessowner#businessmarketing#india_everyday#businesstravel#businessmentor#businesssuccess#businessmind#indianstockmarket#indianpictures#businessconsultant#marketingsocial#business101#india_shots#businessblogger#indianpeople#indianarchitects#marketingviral#indianethnics#businessskills#businessforgood#businessbook#indianidol11#indianmarket#businesssavvy#indianreaders#indianinfluencers#thetornbytes
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Stocks to Watch: HUL, RIL, Coal India, UPL, Airtel
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HUL CEO will have role in Indonesia too
HUL CEO will have role in Indonesia too
MUMBAI: Hindustan Unilever (HUL) CEO & MD Sanjiv Mehta will be appointed the president commissioner (non-executive chairman) of Unilever Indonesia, a public company. The appointment is subject to approval from shareholders at the Unilever Indonesia’s next extraordinary general meeting to be held on July 28, according to a statement issued by HUL. Mehta will continue to be CEO & MD of HUL and…
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HUL CEO will have role in Indonesia too
HUL CEO will have role in Indonesia too
MUMBAI: Hindustan Unilever (HUL) CEO & MD Sanjiv Mehta will be appointed the president commissioner (non-executive chairman) of Unilever Indonesia, a public company. The appointment is subject to approval from shareholders at the Unilever Indonesia’s next extraordinary general meeting to be held on July 28, according to a statement issued by HUL. Mehta will continue to be CEO & MD of HUL and…
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Price Rise will be Last Resort; Impact of Palm Oil Ban to Be Temporary: HUL CEO
Price Rise will be Last Resort; Impact of Palm Oil Ban to Be Temporary: HUL CEO
Taking steps to control inflation was the right thing to do, FICCI president and Hindustan Unlilever MD and CEO Sanjiv Mehta told in an interview on Thursday following the RBI repo rate hike. The Reserve Bank of India has increased the key interest rates by 40 basis points or 0.40 per cent in a bid to tackle skyrocketing inflation in India amid geopolitical tensions and supply shortage. Mehta’s…
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Vẻ đẹp tự nhiên có nên được gắn thương hiệu ?, Tin tức Tiếp thị & Quảng cáo, ET BrandEquity
Vẻ đẹp tự nhiên có nên được gắn thương hiệu ?, Tin tức Tiếp thị & Quảng cáo, ET BrandEquity
Bài viết này được dịch từ 1 bản thảo tiếng anh còn một số lỗi dịch thuật xin quý bạn đọc thông cảm. Win To Win Marketing cảm ơn bạn đã ghé thăm!
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Thứ bảy Solologues: Vẻ đẹp tự nhiên có nên được xây dựng thương hiệu?
Đây là một bài đăng trên LinkedIn thu hút sự chú ý của chúng tôi.
Một giám đốc kinh doanh khu vực với Hindustan Unilever, người có lẽ đã đăng ở Kashmir, đã gắn thẻ các sếp của…
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Cheaper commodities will lower prices, boost volumes: HUL CEO - Times of India
Cheaper commodities will lower prices, boost volumes: HUL CEO – Times of India
By delivering seven quarters of double-digit growth in a turbulent external environment, Hindustan Unilever’s (HUL‘s) CEO & MD Sanjiv Mehta has displayed an innate ability to navigate the ship through choppy waters. It’s a fact that inflation helped the company in posting higher headline numbers apart from its time-tested strategy of straddling the pyramid. But the real test for Mehta would come…
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FM rejects Opposition cost of 'promoting household silver'; says govt desires some PSUs to do nicely
FM rejects Opposition cost of ‘promoting household silver’; says govt desires some PSUs to do nicely
Rejecting the Opposition’s value of ‘promoting home silver’, minister Nirmala Sitharaman on Sunday expressed the authorities has devised a clear technique on divestment for the first time so as that taxpayers’ money is spent properly.
She to boot expressed the national wishes few public sector enterprises in mere sectors to try and do nicely, so as that we tend to ar ready to make certain that…
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#Ashishkumar Chauhan#budget#Business news#family silver#finance minister#Government#reform#Sanjiv Mehta
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Sanjiv Mehta named President Commissioner of Unilever Indonesia
Sanjiv Mehta named President Commissioner of Unilever Indonesia
Sanjiv Mehra, CEO & MD of Hindustan Unilever Ltd. (HUL), will be appointed as the President Commissioner (Non-Executive Chairman) of PT Unilever Indonesia TbK, a public company, subject to approval from shareholders at the company’s next Extraordinary General Meeting to be held on 28 July.
However, he will continue to be the CEO & MD of HUL and President, Unilever South Asia, HUL said in a…
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