4. Managers from India now handling operations of parent co elsewhere. There spike in the number of HUL managers who have moved out of India to join its parent’s operations elsewhere:40 in 2008,140 in 2009 and 195 in 2010. Managers of HUL are on the move,literally and figuratively. HUL turns global talent export hub for Unilever
5. Faced with stagnancy in the US and western europe,Unilever,the world’s third-largest food and consumer goods company,is looking at Asia,Africa,central and Eastern Europe as its prime growth driver. In 2009,these markets accounted for 50% of Unilever’s revenue of $39 billion. Managers deal with a competition that is multinational,home grown and local.
6. Buoyed by 28.4% jump in net profit,punjab national bank,aims at raising deposits by 20% during 2010-2011 besides launching micro insurance products in six months. Their plans is to increase deposits by 20% and credit by 22% during the current fiscal. Deposits rose to Rs 2.55 lakhcrore in 2009-10,registering a 16.6% jump over previous year. PNB aiming at raising deposits by 20%
7. PNB executive director MV tanksale said that,the net profit PNB mounted to Rs 1,068 crore,an increase of 28.4% over the previous year. During the first quarter net profit amounted to Rs 1,068.29 crore,compared with Rs 832.05 crore in the corresponding quarter last year.
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9. The unique identification number used in case of internet based trading will be applicable for securities trading using wireless technology.
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11. Kotak securities managing director D kannan said that “we will launch our mobile trading application to provide investors access to features such as live quotes, live streaming data, watchlists, charting facilities, reports & real time profit & loss in investor’s position’s & portfolio
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