Foreign institutional investors (FIIs) turned net buyers in the capital market, as they purchased shares worth Rs 244.87 crore on Tuesday.
Last week, the BSE benchmark Sensex tumbled by 1,514.69 points or 2.49 per cent. On the top-10 list, ICICI Bank was the only gainer.
ICICI Banks market capitalisation (m-cap) was at Rs 5.83 lakh crore just above HUL’s Rs 5.76 lakh crore. In the Q2FY22 ICICI Bank posts its highest ever quarterly net profit.
Last week, the 30-share BSE benchmark Sensex declined by 484.33 points or 0.79 per cent. Market benchmarks -- Sensex and Nifty -- declined for the fourth consecutive session on Friday.
After scaling the 62,000-mark for the first time on Tuesday, the benchmark BSE Sensex had succumbed to selling pressure in fag-end trade to close 49.54 points or 0.08 per cent lower at 61,716.05.
Its revenue from sales during the quarter under review stood at Rs 12,812 crore, up 11.31 per cent, against Rs 11,510 crore a year ago, Hindustan Unilever Ltd (HUL) said in a regulatory filing.
“HUL today announced the next step in the evolution of its skin care portfolio to a more inclusive vision of Positive Beauty, and introduces Glow & Lovely, the new name for the Fair & Lovely brand," the company said in a statement.
Several companies have been forced to reassess their products and branding following the 'Black Lives Matter' protests across the globe.
Nandita Das says HUL's move to rename its 'fairness cream' is a step in the right direction, but the fact that there's a market for such products reflects people's obsession with fair skin.
HUL's decision comes a week after American multinational Johnson and Johnson announced that it will be stopping the sale of two fairness products that are sold in India.
Fair & Lovely, the first fairness cream launched in India, from the stable of HUL, currently holds lion’s share of the skin whitening market.
Prime Minister Narendra Modi addresses a function to commemorate the ‘Samvidhan Divas’, at Parliament, in New Delhi.PTI Photo/Manvender Vashist
Lok Sabha Speaker Om Birla addresses a function to commemorate ‘Samvidhan Divas’, at Parliament, in New Delhi.PTI Photo/Manvender Vashist
President Ram Nath Kovind addresses a function to commemorate the ‘Samvidhan Divas’, at Parliament, in New Delhi.PTI Photo/Manvender Vashist
Madhya Pradesh Chief Minister Shivraj Singh Chouhan, Union Minister Jyotiraditya Scindia and other leaders take a pledge on the 72nd National Law Day during the state BJP working committee meeting in Bhopal.PTI Photo
Prime Minister Narendra Modi addresses a function to commemorate ‘Samvidhan Divas’, at Parliament, in New Delhi.PTI Photo/Manvender Vashist
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