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 Didn’t Pay HAL For Delivered Products, But Paid Dassault: Congress

Senior Congress leader Ahmed Patel made the allegations against the Centre on Twitter. New Delhi: Stepping up the Congress’s attack on the Centre over Hindustan Aeronautics Limited’s (HAL) reported cash crunch, senior party leader Ahmed Patel on Monday alleged that the government had not paid the aerospace major for delivered products, but paid foreign vendors like Dassault for products yet to be delivered. The Congress and the BJP-led NDA government are involved in a war of words over the financial condition of the HAL. “Very disturbing that the Government has not…

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