BUSINESS

Unilever said losses would come mainly from office roles as technology advanced. it admitted that the UK, where it has 6,000 workers, would be included in the three-year productivity drive. It said it would begin consultations with those affected once roles had been fully identified.
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2 years ago Read more at Sky News

Unilever owns a variety of well known brands including Marmite and Dove. It plans to cut around 7,500 jobs globally as part of overhaul aimed at saving €800 million over the next three years.
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2 years ago Read more at Business Post

Yen could be firmer considering Japan's economic fundamentals. Over the last week, the yen has had the makings of a sell the fact play. If he wants, he can thank the BOJ for that.
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2 years ago Read more at ForexLive

Sydney Sweeney is opening up about the many reasons she signs up for a project. The actor talked to British GQ about the decision and said that it was more of a ‘strategic business decision’.
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2 years ago Read more at Hindustan Times

FIEO president Ashwani Kumar said the need of the hour is to address the Red Sea crisis challenges by ensuring availability of marine insurance and rational increase in freight charges. The exporting sector, particularly, MSMEs, needs easy and low-cost credit, and marketing support to further boost the country’s exports.
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2 years ago Read more at The Indian Express

Sensex tanks 420.56 points to 72,327.86 in early trade; Nifty declines 126.35 points to 21,929.35 The stock market began trading on Tuesday with a bearish outlook. The key equity benchmarks fell in early trading, with the BSE Nifty50 slipping more than 400 points to hit 72,211.91. In the last trading session on Monday, both SenseX and Nifty closed in the green and pared their losses after trading in volatility.
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2 years ago Read more at ABP Live

Share Market Live NSE View All View All All The ice cream brands of the company had a combined revenue of €7.9 billion ($8.6 billion) Some of the top selling global icecream brands including Wall’s, Magnum and Ben & Jerry’s. The proposed changes are expected to impact around 7,500 predominantly office-based roles globally.
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2 years ago Read more at CNBCTV18

Grasim Industries launched Birla Opus in February. The company expects the new business to turn profitable once it clocks Rs 10,000 crore in gross revenue within three years of completing full-scale operations.
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2 years ago Read more at Business Today

Payments aggregator Paytm has been in the news ever since the Reserve Bank of India (RBI) directed parent company One97 Communications to stop adding new customers to its paytm Payments Bank from March 15, 2024 citing compliance lapses. The RBI's ban also cast a shadow on Payttm's overall business, including UPI (unified payments interface) transactions on its app.
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2 years ago Read more at Moneycontrol

Unilever's ice cream brands delivered a turnover of 7.9 billion euros in 2023. The separation of Ice Cream will create a world-leading business. It will most likely happen in a demerger, though the company is willing to consider other separation options.
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2 years ago Read more at NL Times