An editorial in the Hindustan Times called the episode an undiplomatic sleight of hand.
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Hindustan Lever's five-year annual return on equity of 46% puts it well ahead of Unilever's 35%.
Then, earlier this month, the Hindustan Times, a Delhi-based broadsheet, launched a new Mumbai edition.
Verghese, who is Keralan, joined Hindustan Lever as a management trainee with an M.
Equity stakes will be sold in Oil India, Hindustan Copper and other state-owned companies.
Returning home, he bid to construct a 100-mile oil pipeline between Mumbai and Pune for state-owned Hindustan Petroleum.
The two bidders in the fray are Hindustan Construction and Reliance Infrastructure, part of billionaire Anil Ambani's Reliance ADA Group.
Mehta told The Hindustan Times that the film, based in India, has yet to find a distributor in the country.
Hindustan Unilever, a large consumer products company, recently launched a laundry detergent called Surf Excel that cleans clothes with considerably less water.
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The venture between the Japanese maker and Hindustan Motors, which makes the fuel-guzzling, quintessentially Indian Ambassador, will initially manufacture 5, 000 units a year.
Simone Tata built one of the first indigenous cosmetic brands, Lakme, now a unit of Hindustan Lever, which is owned by Unilever .
Sharma recounted that while the contract for the bridge was awarded to Hindustan Construction in 2000, actual construction work only began in 2004.
Indosuez reports that a recovering economy and renewed consumer confidence will help boost Hindustan Lever's revenues by 10% next year and earnings by 23%.
Earlier this year, Hindustan Unilever said that starting February it would more than double its royalty payment to its parent over the next five years.
The offer for purchase of Hindustan Unilever shares is expected to begin in June 2013, provided all regulatory approvals are in place, the company said.
Hindustan Lever, a subsidiary of Unilever, pioneered the idea years ago, marketing its shampoos and detergents in single-use sachets rather than larger (and more expensive) bottles.
Hindustan Lever's revenues grew by only 7% in the first nine months of last year, because of the aftereffects of the 1997-99 slowdown of India's economy.
"These clubs don't know how lucky they are because they did absolutely nothing to get this kind of commitment from fans, " says Hindustan Times sports journalist Dhiman Sarkar.
Hindustan Lever supplies 2.3 million retail outlets throughout the country.
Narayanan, editor of the Hindustan Times, New Delhi's largest daily.
Mahendra Chavan, who lives in the western city of Pune, said he lost money on IPOs and now is focused on blue chips such as Hindustan Unilever Ltd.
The airline has already fired six pilots and suspended seven, but has threatened to terminate more striking pilots if they don't return to work today, the Hindustan Times reports.
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Ritesh Batra's Dabba (The Lunchbox) will be screened at the International Critics' Week, while Amit Kumar's Monsoon Shootout will be shown in the festival's Midnight Screenings section, Hindustan Times reports.
Now one of our main aerospace companies, Hindustan Aeronautics Limited, has been developing a multirole fighter aircraft called the HAL Tejas which has been developed to replace the old Russian MiG fighters.
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It is still known there as Hindustan Unilever, a reference to the decades its local subsidiary spent as an essentially independent company before its fuller integration into the global firm in recent years.
The royalty, paid for the use of trademarks on certain products among other things, would be raised in phases to 3.15% of Hindustan Unilever's annual sales by March 2018, the company had said.
It was the Times that broke up this cosy consensus with a circulation drive in Delhi, where it and the Hindustan Times now compete fiercely for leadership in a market of more than 2m.
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