Godrej Consumer Products’ Gambhir highest paid FMCG honcho in FY19, HUL’s Sanjiv Mehta in 2nd spot

New Delhi: Godrej Consumer Products MD and CEO Vivek Gambhir was the highest paid FMCG executive in the previous fiscal with a total remuneration of Rs 20.09 crore, followed by HULNSE 2.12 %’s Sanjiv Mehta at Rs 18.88 crore, according to information available in annual reports of the companies. The country’s top FMCG players are Hindustan Unilever Ltd (HUL), NestleNSE 1.29 % India, Godrej Consumer Products Ltd (GCPL), DaburNSE 0.84 %, Marico and Emami. In its annual report for 2018-19, GCPL said Gambhir received a total compensation of Rs 20,09,42,847. The ratio of his remuneration to…

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Centre may consider tax cuts for products in highest GST slab

More items may be knocked off the highest GST slab in an attempt to boost demand, as per a reportin The Economic Times. The economic slowdown has most states in favour of a tax reduction. Worried about the demand slump and unemployment, they communicated these concerns to the Centre as well, it said. The Indian economy slipped to a five-year low of 6.8 percent in FY19, with January seeing the lowest numbers at 5.8 percent. The GST Council, under new Finance Minister Nirmala Sitharaman, may meet ahead of the Budget presentation on July…

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Highest selling cars of India in 2018

We saw the highest selling cars in India in 2016 and then in 2017. As the Indian automotive sector is ready to welcome the changed of 2019 we take a look back at all the cars that found the highest takers in the previous year. These are the cars that made a mark in the Indian car market. And looking at these numbers gives us an insight into automotive consumer behaviour in the country. So here is a detailed report of the highest selling cars of Indian in 2018. 1. …

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