&w=3840&q=100)
Near to medium term market conditions to improve: HUL's Nitin Paranjpe
Sharleen Dsouza Mumbai
Listen to This Article
Hindustan Unilever (HUL) expects to see an improvement in market conditions in the near and medium term, aided by several factors such as the agricultural sector, reduced inflation, and changes in taxation, Nitin Paranjpe, Chairman of HUL, told shareholders at its annual general meeting (AGM).
Paranjpe said while answering shareholders' questions at the AGM, '(In) FY26, we do believe that in the near term and the medium term, we should see an improvement in market conditions because of several reasons: Macro conditions are getting better. The agricultural sector and produce have been better and also there's the expectation that this

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India Today
2 hours ago
- India Today
Musk's AI chatbot Grok sparks outrage with antisemitic posts, X removes content
Elon Musk's AI chatbot Grok sparked outrage after its X account posted messages with antisemitic content and positive references to Adolf Hitler. The posts were later removed following complaints from users and the Anti-Defamation post from Grok said Hitler would be the best person to handle "anti-white hatred" and called him "history's mustache man." Another post claimed people with Jewish last names were responsible for extreme anti-white activism. These comments caused outrage among many users and human rights ADL, a well-known organisation that fights antisemitism, responded strongly. "What we are seeing from Grok LLM right now is irresponsible, dangerous and antisemitic, plain and simple," the group said. "This supercharging of extremist rhetoric will only amplify and encourage the antisemitism that is already surging on X and many other platforms." In response, a message from Grok's account on X said, "We are aware of recent posts made by Grok and are actively working to remove the inappropriate posts." The message also said, "xAI has taken action to ban hate speech before Grok posts on X. xAI is training only truth-seeking, and thanks to the millions of users on X, we are able to quickly identify and update the model where training could be improved."TROUBLES GROW FOR X AND ELON MUSK'S AI PROJECTThis is not the only separate incident where Grok made controversial statements. In May, users noticed that Grok mentioned "white genocide" in South Africa, even in conversations where it wasn't relevant. At the time, xAI said the problem happened due to an unauthorized change in the again came under fire when it interacted with a fake X account that had a Jewish-sounding name. Later, Grok's account explained the chatbot made a "slip-up" and claimed the fake account was part of a "troll hoax to fuel division."CNN discovered that Grok cited 4chan -- a website renowned for its racist and extremist content -- as one of its sources when testing the chatbot. This sparked additional questions about the chatbot's information selection Musk has significantly reduced the platform's content moderation since purchasing X in 2022. Many people think that this has caused hateful and extremist content to increase. For this reason, a number of advertisers have withdrawn from the has been addressing the issue with AI training data. Last month, he said the company would upgrade Grok's model, admitting there was "far too much garbage in any foundation model trained on uncorrected data."The controversy came just before another major change — on Wednesday, X's CEO Linda Yaccarino stepped down.- EndsWith inputs from Agencies Tune InMust Watch


Time of India
2 hours ago
- Time of India
What Pakistan government said on Microsoft closing operations in the country: Full Statement
Microsoft recently completely shut down its operations in Pakistan. Microsoft had set up its operations in Pakistan in June 2000. Shutting down of Microsoft Pakistan after 25 years 'marked end of an era' as the company's first country head Jawwad Rehman said in a post on LinkedIn. 'This is more than a corporate exit. It's a sobering signal of the environment our country has created … one where even global giants like Microsoft find it unsustainable to stay. It also reflects on what was done (or not done) with the strong foundation we left behind by the subsequent team and regional management of Microsoft,' Rehman wrote in the post. The Redmond-based too has confirmed closing down its office in Pakistan. 'Our customer agreements and service will not be affected by this change,' a Microsoft spokesperson said in a statement to TechCrunch. 'We follow this model successfully in a number of other countries around the world. Our customers remain our top priority and can expect the same high level of service going forward,' the spokesperson added. The Pakistan government issued a statement on Microsoft closing operations in the country. The release titled, 'Microsoft's Operational Restructuring: Ensure Continued Commitment to Pakistan', termed Microsoft's decision part of a wider global restructuring. Here's is the full statement. 'Microsoft's Operational Restructuring: Ensure Continued Commitment to Pakistan' The global pivot from on-premise software (transactional deals) to Software-as-a-Service (SaaS) (recurring revenue) continues to reshape how technology firms structure their international operations. Microsoft is no exception. Over the past few years the company has shifted licensing and commercial-contract management for Pakistan to its European hub in Ireland, while day-to-day service delivery here has been handled entirely by its certified local partners. Against that backdrop, we understand Microsoft is now reviewing the future of its liaison office in Pakistan as part of a wider workforce-optimisation programme. This would reflect a long-signalled strategy, consolidating direct headcount and moving toward a partner-led, cloud-based delivery model, rather than a retreat from the Pakistani market. Pakistan's Ministry of IT & Telecom recognises the strategic value of having leading global technology providers active in the country. We will continue to engage Microsoft's regional and global leadership to ensure that any structural changes strengthen, rather than diminish, Microsoft's long term commitment to Pakistani customers, developers and channel partners. AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
2 hours ago
- Time of India
SIPs hit new high in June as D-Street uncertainty eases
MUMBAI: After a few months of flat growth in inflows by retail investors through SIPs in mutual fund schemes, the northward movement is back. In June, gross inflows through SIPs in MFs - an investment segment within the MF industry that is dominated almost entirely by retail investors - touched a new all-time peak at Rs 27,269 crore. This showed a monthly jump of 2.2%, data released by industry body Amfi for June showed. The month's growth number and the new peak in terms of gross flows came after seven months of stagnation when every month the inflow figure hovered around the Rs 26K mark. The month's figure also showed that the total assets under management (AUM) of the fund industry also scaled a new peak, at Rs 74.8 lakh crore. According to Amfi chief Venkat Chalasani, these growth numbers - in monthly SIP inflows and the total industry AUM - continued to be powered by strong retail participation. "The number of contributing SIP accounts also touched an all-time high of 8.64 crore, underlining the growing trust in mutual funds as a disciplined investment vehicle," he said. Chalasani also pointed out that net inflows into equity funds during June was at Rs 23,587 crore, which was the 52nd consecutive month of positive flows. "While market volatility has made some investors cautious, we're also witnessing a healthy shift towards hybrid and arbitrage funds, a trend that shows maturing investor behaviour and a preference for balanced risk strategies in uncertain times." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dieses Hörgerät kann 2025 alles verändern Gutes Hören Undo June data for the fund industry also showed that SIP AUM for the industry was at Rs 15.3 lakh crore, translating to 20.6% of the total MF industry AUM, up from 20.2% in May. "The continued strength of SIPs underscores disciplined participation from retail investors. The inflows recorded in June may signify a turning point, reflecting enduring structural confidence in Indian equities and a growing risk appetite," Samco MF CEO Viraj Gandhi said. He also said that in June, inflows in small- and mid-cap funds continued to outpace those in large-cap segment. Outside of equity, "gold ETFs saw inflows of nearly Rs 2,000 crore, suggesting investor interest to seek both diversification and also gain from the performance of the metal," said Anand Vardarajan, chief business officer, Tata MF. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now