Indian-origin Phatak is Unilever’s finance chief

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…

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Coming soon: Much larger spread for NPS subscribers

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…

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Satcoms’ mobility services may see regulatory hurdle

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…

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Vaishnaw: India to emerge as ‘product nation’

Bengaluru: Union IT minister Ashwini Vaishnaw said India’s trusted position in IP protection, stable foreign policy, the launch of the Critical Minerals Mission, and a techno-legal approach to AI safety are together pushing the country towards becoming not just a semiconductor design and manufacturing hub but also a ‘product nation’. “Semiconductor Mission 2.0 is expanding…

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Sensex up on India-US trade talk optimism

Mumbai: Stock markets rebounded on Tuesday with the sensex climbing nearly 595 points on renewed optimism over the resumption of the India-US trade talks. The sensex jumped 595 points to settle at 82,381 following buying in auto and IT shares. During the day, it surged 658 points to 82,443. agencies Source link

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