enterprise HUL’s June quarter net profit up 19% on higher volumes Earnings for the first quarter of FY19 reported by India’s largest listed consumer packaged goods firm met Street estimates, signalling continued consumption growth in the economy. By Gauri Chauhan
macro Andhra Pradesh races to top of ease of doing business ranking Telengana was a close second followed by Haryana, Jharkhand, and Gujarat in the annual rankings by the Department of Industrial Policy and Promotion (DIPP) and the World Bank. By Gauri Chauhan
macro Only 10% of Indian vehicles will be EVs: Report Electric vehicle’s sales in India will accelerate only after 2030, following the government’s efforts to increase charging points. By Gauri Chauhan
investing Kishore Biyani to buy 29.9% stake in Koovs This investment will complement the existing value chain for Future Lifestyle Fashions Ltd. as an integrated branded fashion player. By Gauri Chauhan
enterprise HUL launches Indian breakfast mixes The ready-to-cook range, which is made from natural ingredients and preservatives free, is expected to appeal to health-conscious busy professionals. By Gauri Chauhan