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Hindustan Unilever's "Glow & Lovely" is the leading skin-lightening cream for women in India. [20] The company had to cease television advertisements for the product in 2007. Advertisements depicted depressed, dark-complexioned women, who had been ignored by employers and men, suddenly finding new boyfriends and glamorous careers after the ...
Unilever PLC is a British multinational fast-moving consumer goods company founded on 2 September 1929 following the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie.
This was the second worst single-day fall in the history, where the investors lost ₹6.50 lakh crores ($91 billion). [citation needed] While on 12 March 2020, the index plunged down by 2919.26 points, the second–worst fall in the history, ending in red to a 33-month low at 32,778.14. The fall wiped off ₹11.2 lakh crores wealth ($160 billion).
In 2013, he took over Unilever's business in India and South Asia, as Chairman and MD of Hindustan Unilever (HUL). Under his leadership, in seven years HUL's market capitalisation increased from $17 billion to over $70 billion, making HUL the top five most valuable companies in India, as well as Asia's largest consumer staples company. [ 14 ]
The move comes a week after the maker of Lipton Tea and Dove soap announced that it would drop words such as "fair," "fairness," "white,", "whitening" from its marketing in a push to move away ...
The NIFTY 50 index is a free float market capitalisation-weighted index.. Stocks are added to the index based on the following criteria: [1] Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million.
In 2003, Unilever announced the strategic decision to sell off the Dalda brand in both India and Pakistan. [15] In 2003, Bunge Limited acquired the Dalda brand from Hindustan Unilever Limited for reportedly under Rs 100 crore. [ 16 ]
In September 1929, Unilever was formed by a merger of the operations of Dutch Margarine Unie and British soapmaker Lever Brothers, named as a blend of the two firms' names. [1] By 1930, it employed 250,000 people and in terms of market value, was the largest company in Britain. [7] Unilever was the first modern multinational company. [7]