Shareholders of Gokaldas Exports vote against ESOP resolutions
Although 63% of participating shareholders supported the resolutions, 37% voted against them. As these were special resolutions, they required at least three times more votes in favour than against to pass, which was not achieved.
Trademark Row: Kirloskar Brothers gets interim relief
The Pune District Court grants interim relief to Sanjay Kirloskar-led Kirloskar Brothers Limited, restraining Kirloskar Proprietary from using the ‘Kirloskar’ trademark. The court rules that the agreements are integral to the family settlement and cannot be terminated arbitrarily, a crucial point in the familial dispute.
Subdued consumption to weigh on HUL despite rural pickup
While urban demand continued to remain subdued, rural demand sustained its gradual recovery. Downtrading took place with small packs growing ahead of large packs. HUL’s home care segment posted high single-digit volume growth, while the beauty and wellbeing segment posted a low-single-digit volume decline and the personal care and foods segments each posted a mid-single-digit […]
Rs 80,000 gold goes where it has never gone before
The metal closed at ₹80,194 per 10 gms for 24-carat in the physical market, data from the India Bullion and Jewellers Association (IBJA) showed.