Union Minister Pashupati Paras is reportedly going to step down from his position in prime minister Narendra Modi's cabinet today. The move comes after his party the RJLP did not receive any seat allocations in the Lok Sabha elections in Bihar. Watch in for more details!

Lok Sabha Elections 2024: Pashupati Paras resigns from Modi cabinet today

Winters are quickly transitioning to summerlike conditions in North India shortening the spring season. Watch to know more!

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The company also unveiled a major overhaul which it said would "impact" around 7,500 mainly office-based jobs worldwide and save 800 million euros ($870 million) over the next three years.

"The separation of Unilever and Ice Cream in combination with the productivity programme will ensure that Unilever's financial and management resources are focused on its strongest, global or scalable brands," Unilever said in a statement.

Also read:&nbsp;<a data-ctorig="https://www.wionews.com/world/ukraine-places-unilever-on-international-sponsors-of-war-list-triggers-protests-in-london-611567" data-cturl="https://www.google.com/url?client=internal-element-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/world/ukraine-places-unilever-on-international-sponsors-of-war-list-triggers-protests-in-london-611567&amp;sa=U&amp;ved=2ahUKEwi3m8XfooCFAxVB4jgGHZBICjIQFnoECAYQAg&amp;usg=AOvVaw0fkU2TBrEygNXRoSC6OGS9&amp;arm=e" dir="ltr" href="https://www.wionews.com/world/ukraine-places-unilever-on-international-sponsors-of-war-list-triggers-protests-in-london-611567" target="_blank">Ukraine places&nbsp;Unilever&nbsp;on 'International Sponsors of War' list&nbsp;</a>

"These will have the capability to drive category expansion and deliver accelerated, sustainable levels of growth and improved profitability."

The ice cream unit has five of the 10 biggest global brands, including Wall's brand Cornetto and Carte D'Or, with turnover of 7.9 billion euros in 2023 -- although underlying sales growth was disappointing.

"A demerger of Ice Cream is the most likely separation route... Other options for separation will be considered to maximise returns for shareholders," Unilever added Tuesday.

Spin-off activity will start immediately with full separation expected by the end of 2025.

Unilever added that its overhaul will see it focus on four divisions: Beauty &amp; Wellbeing, Personal Care, Home Care, and Nutrition.

The multinational, which also produces Cif surface cleaner, Dove soap, Hellmann's mayonnaise and Marmite yeast spread, predicted the move will improve its profit margins.

"The board believes that Unilever should be increasingly focused on a portfolio of unmissably superior brands with strong positions in highly attractive categories that have complementary operating models."

It added: "After separating Ice Cream and implementing the productivity programme, Unilever will have a structurally higher margin."

Also read:&nbsp;<a data-ctorig="https://www.wionews.com/world/unilever-to-be-investigated-by-uk-antitrust-regulator-over-greenwashing-claims-668944" data-cturl="https://www.google.com/url?client=internal-element-cse&amp;cx=006054055338965708568:09spwrlibei&amp;q=https://www.wionews.com/world/unilever-to-be-investigated-by-uk-antitrust-regulator-over-greenwashing-claims-668944&amp;sa=U&amp;ved=2ahUKEwi3m8XfooCFAxVB4jgGHZBICjIQFnoECAkQAg&amp;usg=AOvVaw3MYlGd1cgu12HhSfH7RbVP&amp;arm=e" dir="ltr" href="https://www.wionews.com/world/unilever-to-be-investigated-by-uk-antitrust-regulator-over-greenwashing-claims-668944" target="_blank">Unilever&nbsp;to be investigated by UK antitrust regulator</a>

"Post separation, Unilever aims to deliver mid-single digit underlying sales growth and modest margin improvement."

Unilever added that ice cream activity has "distinct characteristics" when compared with its other businesses.

"These include a supply chain and point of sale that support frozen goods, a different channel landscape, more seasonality, and greater capital intensity."

The company also unveiled a major overhaul which it said would "impact" around 7,500 mainly office-based jobs worldwide and save 800 million euros ($870 million) over the next three years.

The company also unveiled a major overhaul which it said would "impact" around 7,500 mainly office-based jobs worldwide and save 800 million euros ($870 million) over the next three years. "The separation of Unilever and Ice Cream in combination with the productivity programme will ensure that Unilever's financial and management resources are focused on its strongest, global or scalable brands," Unilever said in a statement. Also read: Ukraine places Unilever on 'International Sponsors of War' list "These will have the capability to drive category expansion and deliver accelerated, sustainable levels of growth and improved profitability." The ice cream unit has five of the 10 biggest global brands, including Wall's brand Cornetto and Carte D'Or, with turnover of 7.9 billion euros in 2023 -- although underlying sales growth was disappointing. "A demerger of Ice Cream is the most likely separation route... Other options for separation will be considered to maximise returns for shareholders," Unilever added Tuesday. Spin-off activity will start immediately with full separation expected by the end of 2025. Unilever added that its overhaul will see it focus on four divisions: Beauty & Wellbeing, Personal Care, Home Care, and Nutrition. The multinational, which also produces Cif surface cleaner, Dove soap, Hellmann's mayonnaise and Marmite yeast spread, predicted the move will improve its profit margins. "The board believes that Unilever should be increasingly focused on a portfolio of unmissably superior brands with strong positions in highly attractive categories that have complementary operating models." It added: "After separating Ice Cream and implementing the productivity programme, Unilever will have a structurally higher margin." Also read: Unilever to be investigated by UK antitrust regulator "Post separation, Unilever aims to deliver mid-single digit underlying sales growth and modest margin improvement." Unilever added that ice cream activity has "distinct characteristics" when compared with its other businesses. "These include a supply chain and point of sale that support frozen goods, a different channel landscape, more seasonality, and greater capital intensity."

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Here we bring to you WION's climate tracker that showcases climate stories from across the globe: Winters are quickly transitioning to summerlike conditions in North India shortening the spring season. Asia's largest Tulip Garden in Srinagar will be open to the public from the 23rd of March the garden has over 1.7 a million tulips of 73 varieties...Watch to know more!

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