Unews World

MUMBAI: A post-festival moderation in growth, as indicated by various economic reports, could lead to lower-than-projected growth in the third quarter. While October saw a spike in economic activity, it tapered down in November as was first seen in indicators like payments.Current high-frequency indicators reflect a slowing of momentum, according to Kaushik Das, an economist with Deutsche Bank. “GST growth …

MUMBAI: FMCG giant Hindustan Unilever is closing in on talks to acquire D2C beauty brand Minimalist in a deal that could value the startup at about Rs 3,000 crore, sources aware of the discussions told TOI. “The talks are ongoing but they are at an advanced stage and should close soon,” a source said. The acquisition will allow HUL to …

MUMBAI: The country’s biggest lender as well as the largest private bank have started the new year with higher returns for some depositors.While SBI has introduced a new category of super senior citizens above 80 years – who will get 10 basis points more than senior citizens – HDFC Bank has revised returns on bulk deposits (Rs 5 crore and …