[ad_1] MUMBAI: Former Britannia CEO Rajneet Kohli is joining Hindustan Unilever (HUL) as executive director, foods. Kohli will be taking over from Shiva Krishnamurthy who is moving on from HUL to pursue an external opportunity, the company said in a statement on Wednesday. Kohli’s appointment will be effective from April 7. Kohli who led Britannia…
[ad_1] India has decided to discontinue parts of its gold monetisation scheme, which had encouraged households and institutions to deposit idle gold in exchange for interest payments. The scheme, which was introduced in 2015, offered the option of gold deposits for 1-to-3 years, 5-to-7 years, and 12-to-15 years.The finance ministry announced late on Tuesday that…
[ad_1] Banks and UPI applications must conduct weekly updates of their mobile number records. (AI image) UPI users should take note of new mobile number verification rules from April 1, 2025. The NPCI has released fresh guidelines for banks, UPI payment applications, and third-party UPI service providers concerning numeric UPI IDs. These new regulations seek…
[ad_1] JSW Steel is now ahead of US-based Nucor Corp, which held a market capitalisation of $29.92 billion. Sajjan Jindal-led JSW Steel has achieved a significant milestone by becoming the world’s highest-valued steelmaker, with its market capitalisation exceeding $30 billion on Tuesday.The impressive performance of JSW Steel’s stocks is attributed to a broader upward trend…
[ad_1] Whilst the most severe phase of the slowdown appears to be over, Goldman Sachs advises investors to remain vigilant regarding market volatility. (AI image) Goldman Sachs has said the worst is likely over for the Indian economy. In a recent report the global financial firm has said that India has likely moved past its…
[ad_1] The new airport at Jewar, Uttar Pradesh, situated near Greater Noida and southeast of Delhi, will serve as the capital’s second aviation hub. (Concept image) Noida’s Jewar Airport to have an edge over Delhi’s IGI airport? The civil aviation minister Rammohan Naidu Kinjarapu has requested Delhi’s new chief minister Rekha Gupta to lower the…
[ad_1] Market experts anticipate a continued upward trajectory, supported by foreign institutional investor inflows. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex went above 78,100, Nifty50 was above 23,700. At 9:25 AM, BSE Sensex was trading at 78,138.01, up 121 points or…
[ad_1] NEW DELHI: Ratings agency S&P Global on Tuesday trimmed India’s GDP growth forecast for 2025-26 and asserted that Asia-Pacific economies will feel the strain of rising US tariffs specifically and a pushback on globalisation.It said domestic demand momentum should broadly hold up, especially in the region’s emerging-market economies. “India’s GDP will grow 6.5% in…
[ad_1] NEW DELHI: Tax authorities have ordered Samsung and its executives in the country to pay $601 million (nearly Rs 5,150 crore) in back taxes and penalties for dodging tariffs on import of key telecoms equipment, a govt order showed, for one of the biggest such demands in recent years. The demand represents a substantial…
[ad_1] The tax demand constitutes a significant portion of Samsung’s net profit in India, which stood at $955 million last year. (AFP Photo) India’s tax authorities have demanded Samsung and its local executives to pay $601 million as back taxes and penalties for allegedly evading tariffs whilst importing essential telecommunications equipment, a Reuters report says….
