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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Life Insurance: More customer-friendly products in the offing

For all linked and non-linked products, the insurer will follow the extant ‘File and Use’ procedure for filing new or modified products/riders. In order to make life insurance products more customer-friendly, the insurance regulator has introduced changes in filing new or modified products and procedures for modifications of the existing products. For all linked and non-linked products, the insurer will follow the extant ‘File and Use’ procedure for filing new or modified products/riders. For products and riders which fully comply with extant norms and regulations, the regulator will endeavour to…

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New car launches in August – Kia Seltos, Renault Triber, Hyundai Grand i10

As we move closer to the festive season, car manufacturers in the country are gearing up with new product launches. New car buyers will soon have more options to choose from across different body styles ranging from the likes of a hatchback to the premium sedan. Here below are five new cars which are due for India launch in August – Kia Seltos Kia Seltos is due for India launch on 22 August. Bookings for the SUV commenced earlier this month on 16 July and interested customers can book the…

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5 new cars launching in August 2019

The Indian car market might have seen a harsh downturn in the past few months but there are a few bright spots in the form of new launches headed our way. One of the models on the list even marks the India debut for its manufacturer. So what’s coming? Read on to know more. New Hyundai Grand i10 Launch: August 20, 2019 Hyundai is going to launch the all-new Grand i10 in India and it will features refreshed styling, all around. Design-wise, the new Hyundai Grand i10 will come equipped with a…

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This Little Gadget Perfectly Chops Garlic in Seconds

Learning how to cut garlic is a near-necessary step for any budding home chef. Many different cuisines and cultures use garlic to add flavor to dishes, and while prepping cloves isn’t inherently difficult, it does take a certain amount of skill with a knife—and a tolerance for sticky, fragrant fingers and cutting boards. Forget figuring out how to get rid of garlic breath—getting the smell of garlic off your hands is its own challenge. Of course, the alternative to chopping garlic with a knife is using a garlic press or something else entirely:…

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Doing Right by the Animals Used in Food Products Is a Costly But Worthy Business Investment

How far would you go to find humanely treated, sustainably raised cows? For me, the answer was Kilkenny, Ireland. I set out with a list of requirements in mind to fit my dream of “changing the human diet for the better,” and that is where I ended up being able to check all the boxes. I’m not alone in my quest. Welfare of the animals used to make food products is important to consumers. According to the ASPCA, “94 percent of Americans agree that animals raised for food deserve to live free…

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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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India’s coconut products export to cross ₹2,000 crore in FY19

A higher price realisation of activated carbon in the overseas market has pushed up India’s coconut product exports to cross the ₹2,000 crore mark in FY19. The country exported 80,467 tonnes of activated carbon valued at ₹1123.64 crore till January this year and the total exports in overall products stood at ₹1812.55 crore. The final figures are yet to be compiled, but it is set to touch the range of ₹2,100 crore up to March this year. Activated carbon fetched a price of ₹140/kg in FY 19 vis-a-vis ₹100/kg in FY18. The low price of coconut…

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