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Sanjiv Mehta, chairman and managing director of Hindustan Unilever, the country's largest consumer goods company, saw his annual remuneration fall by 20.9 per cent to Rs 15.36 crore in the financial year ended March 31, 2021 (FY21). Remuneration includes salary and allowances, bonus, perquisites, and contribution to provident fund and pension fund, according to the company's latest annual report. Details regarding stock option payouts to key executives were not given in the annual report. Human resources experts said Covid-related challenges were among key reasons for the drop in Mehta's remu...

Synopsis For HUL, India’s biggest FMCG company, the soap business accounts for roughly a quarter of its annual sales. It is the market leader in the Rs 22,000-crore soap segment with a 40% share. ThinkStock Photos MUMBAI: The Bombay High Court on Monday restrained until further order USV Pvt. Ltd., the distributor of German skincare brand SebaMed’s products in the country, from running advertisements that Hindustan Unilever Ltd (HUL) alleges disparage its products. HUL, the maker of personal care products, including Lux, Dove and Pears, had approached the court to restrain USV from pub...

HUL drags Sebamed to court January 11, 2021 Furore over the German brand’s soap ad campaign targetting HUL The Bombay High Court has granted an ad-interim ex-parte injunction to Hindustan Unilever Limited (HUL) in a suit filed by HUL against the advertisements of Sebamed, said HUL in a statement on Monday. German personal care brand Sebamed had likened HUL’s beauty soaps to their detergent bars in an advertisement. “Did you know the pH of Lux is the same as Rin?” it asked in a print campaign. This allegation kicked up a furore, with HUL promptly hitting back with an ad from Dove sayi...