MUMBAI: US-based private equity 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 year…
CHENNAI: India’s tech startups’ cumulative equity funding stood at $10.5 billion in 2025, a decline of 17% on a YoY basis and down 4% compared to the $11 billion raised in 2023, according to a report. This marks a reversal from 2024, when funding had shown a modest annual recovery following the 2021 peak and…
NEW DELHI: Govt has managed to get significant concessions for Indian workers and professionals looking to work in Oman, with the Gulf nation allowing companies to employ up to 50% Indians in their workforce, instead of 20% at present.The move is aimed at ensuring that Indian companies that set up shop do not end up…
BENGALURU: Cognizant AI CTO Babak Hodjat said at the Nasdaq-listed company’s AI Lab here that as enterprises race to embed large language models (LLMs) deeper into business operations, a key question remains unresolved: how much can these systems be trusted to reason correctly at scale? While today’s LLMs are powerful, he said, they tend to…
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…
NEW DELHI: A day after photos of Vijay Mallya‘s pre-birthday celebration in London surfaced, ED Thursday announced it had restituted Rs 312 crore of Kingfisher Airlines to its former employees towards long-pending dues.The amount was transf-erred to the official liquidator for disbursement to former employees of Kingfisher Airlines after the restitution was approved by Debt…
NEW DELHI: The new nuclear energy bill, which was passed in Rajya Sabha by voice vote after a four-hour discussion while rejecting many amendments moved by opposition to send it to a parliamentary panel for scrutiny, marks a decisive shift in India’s nuclear governance, embedding safety oversight in law across the lifecycle of an atomic…
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…
