MUMBAI: Consumer goods giant Unilever has appointed India-born Srinivas Phatak as its chief financial officer, a little over six months after putting him in charge as acting CFO. Phatak’s appointment is effective immediately, the London-headquartered firm said on Tuesday. Phatak, 53, will join a league of Indian-origin CFOs at global giants like Apple and Tesla…
NEW DELHI: CPI(Maoist), in a purported press statement signed by its top leader ‘Abhay’ – the nom de guerre used by senior-most politburo and central committee member Mallojula Venugopal Rao – has offered to lay down arms and enter into a temporary ceasefire.Pushed to the brink by sustained counter-Naxal operations in ‘core’ areas deep inside…
Bengaluru: Gameskraft Technologies accused its former group chief financial officer, Ramesh Prabhu, of diverting company funds into unauthorised futures and options trading, causing losses he estimated at more than Rs 250 crore. Following a fact-finding review, the company wrote off Rs 270.4 crore in its accounts for FY25. The allegations form part of an FIR…
NEW DELHI: Close on the heels of his two-day tour of the North-East last week, PM Narendra Modi appears to be preparing for another tour of the region. He is likely to visit Tripura and Arunachal Pradesh later this month, his back-to-back trips, which hardly featured on the travel plans of his predecessors, being another…
Mumbai: Individuals with an NPS account will soon be able to spread their retirement savings across multiple schemes instead of sticking to a single option. The Pension Fund Regulatory and Development Authority (PFRDA) has rolled out a Multiple Scheme Framework (MSF) for non-government sector subscribers.The move is significant for corporate employees, professionals, self-employed individuals and…
NEW DELHI: Extending the Sept 30 deadline for completion of the Maharashtra local body elections by four months to Jan 31 next year, Supreme Court on Tuesday upbraided the state election commission (SEC) for its inability to complete the delimitation process and requisition adequate number of EVMs and poll staff.Though it acceded to the SEC’s…
New Delhi: Weeks after securing a licence and satellite authorisation, Elon Musk’s Starlink may have to tackle regulatory challenges with the Digital Communications Commission (DCC) – the top inter-ministerial body that decides on telecom matters – asking regulator Trai to consider if spectrum prices should be raised when satellites are used for mobility services and…
Bengaluru: Billionbrains Garage Ventures, the parent company of the investment platform Groww, filed its updated draft red herring prospectus (UDRHP) with Sebi for an IPO worth Rs 7,000 crore. The offer includes a fresh issuance of shares worth up to Rs 1,060 crore and an offer for sale (OFS) of up to 574.2 million shares…
Lucknow: The gruesome killing of a 19-year-old NEET aspirant in Gorakhpur has sparked a massive police crackdown, with adjoining district units and the Special Task Force (STF) pressed into action.Additional director general (law and order) Amitabh Yash, who was dispatched to Gorakhpur on the directives of Chief Minister Yogi Adityanath, personally reviewed the situation. He…
New Delhi: Over a dozen firms, including leading private equity firms, are in the fray to acquire a 10-15% stake in Balaji Wafers, where the promoters are diluting their stake, industry sources said.PE firms, including Temasek, which recently acquired a 10% stake in Haldiram, along with TPG, ADIA (Abu Dhabi Investment Authority) and some 10…
