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NEW DELHI: The board of Bharti Airtel on Thursday approved the appointment of Shashwat Sharma as MD & CEO from Jan 1 as Gopal Vittal will take charge as executive vice chairman for a period of five years. The board also green-lighted access of the remaining around Rs 15,740 crore proceeds from the Rs 21,000…
BENGALURU: Accenture reported revenues of $18.7 billion for the first quarter (Sept-Nov) of the 2026 financial year, marking a 6% increase in dollar terms and 5% growth in local currency. The performance came in at the top end of the company’s guided range of $18.1-18.7 billion, which had implied 1-5% growth in local currency.The performance…
India and Oman signed a trade deal, expanding the country’s strategic and economic relations in the Persian Gulf, and helping exporters at a time when they are facing headwinds in several parts of the world.The Comprehensive Economic Partnership Agreement (CEPA), the second in West Asia after the one with UAE a few years ago, will…
TOI correspondent from London: Fugitive economic offender Vijay Mally still knows how to party, despite being declared bankrupt in Britain and being swamped in dozens of legal battles in the UK and in India.His bromance with IPL founder Lalit Modi (63), who also lives in the UK, has reached new heights. Lalit hosted a big…
The TOI correspondent from Washington: In an animated prime time address from the Diplomatic Room in the White House on Wednesday night that was anything but diplomatic, President Donald Trump doubled down on a protectionist agenda that is sending ripples through the global financial system, emphasizing the benefits of broad tariffs and steep reductions in…
India’s space industry has attracted $150 million in funding so far in the current financial year, marking the highest-ever fund mobilisation since the government opened up the sector to private participation in 2020, INSPACe Chairman Pawan Goenka said on Thursday, PTI reported.Speaking at the India Economic Forum in New Delhi, Goenka said the funding milestone…
US inflation cooled more than expected in November, but economists cautioned that the data may have been distorted by the recent federal government shutdown, while most Americans said they were yet to feel any real relief from high prices for essentials, AP reported.The US Labor Department said on Thursday that the consumer price index (CPI)…
The Comptroller and Auditor General (CAG) on Thursday said that the Central Board of Indirect Taxes and Customs (CBIC) faces a sizeable staffing shortage in its audit formations, with 38 percent of positions vacant as of July 1, 2024, leading to gaps between planned and completed audits.The CAG’s report on the Department of Revenue for…
MUMBAI: US-based private equity (PE) firm L Catterton has picked up a minority stake in Haldiram Snacks Food amid a rush among investors to take a bite of India’s growing consumer market. The latest investment in Haldiram’s, known for its wide range of namkeen (snacks), sweets and ready to eat products comes less than a…
The India–Oman Comprehensive Economic Partnership Agreement (CEPA) will add to India’s growing network of preferential trade arrangements in the Gulf, but its significance lies more in consolidating market access and investment presence than in sharply expanding trade volumes, Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI) said.India and Oman signed the agreement on…
