BENGALURU: Ajoy Chawla will take charge as Titan‘s new managing director, effective Jan 1 next year. The current MD, CK Venkataraman’s term, will conclude on Dec 31 this year, adhering to the Tata Group’s retirement guidelines upon reaching superannuation age.Since becoming CEO of Titan’s jewellery division in 2019, Chawla has led the division to significant…
Mumbai: RBI has eased investment restrictions for foreign portfolio investors in the corporate debt market. This move is likely to deepen market liquidity and align India more closely with global capital flows. RBI announced it will remove both the short-term investment cap and the concentration limit that previously applied to FPIs investing through the general…
BENGALURU: Netherlands-based global tech investor Prosus invested over $8.6 billion in India, making it one of its strategic markets, CEO Fabricio Bloisi said in a letter to shareholders on Thursday.The update follows Swiggy’s IPO last year and a recent investment in the ride-hailing platform Rapido, which Bloisi said is growing over 100% year-on-year and facilitating…
MUMBAI: Urban consumption, which has been under pressure on the back of high inflation that pushed consumers to cut back on spending, “decelerated” further in the March quarter, weighing on the volume growth of companies, NielsenIQ said in its quarterly FMCG snapshot on Thursday.Rural demand boosted spending on lotions, shampoos, and detergents, even as high…
Microsoft co-founder Bill Gates has announced a new, faster timeline for giving away his vast fortune, highlighting artificial intelligence (AI) as a powerful tool to transform global health and save lives.In a major shift, the Bill and Melinda Gates Foundation will now spend over $200 billion in the next 20 years and shut down operations…
Global economic growth is set to slow in the coming months, with major economies such as the United States and China projected to experience notable deceleration. However, India is expected to outpace global peers amid this global downturn, according to a recent report by Kotak Alternate Asset Managers.The report forecasts a 90 basis point slowdown…
In a surprising turnaround, India’s agriculture exports have surged significantly, posting a 30% year-on-year growth on a 3-month moving average basis, according to a new report by SBI Mutual Fund.This marks a strong revival in export volumes and could signal a broader comeback for the sector that struggled with inconsistent growth in recent years.The report,…
BENGALURU: Prosus has invested over $8.6 billion in India, making the country one of its most significant growth bets, CEO Fabricio Bloisi said in a letter to shareholders on Thursday.The update follows Swiggy’s IPO in late 2024 and a recent investment in ride-hailing platform Rapido, which Bloisi said is growing over 100% year-on-year and facilitating…
US President Donald Trump and British Prime Minister Keir Starmer announced on Thursday a groundbreaking trade agreement with Britain, the first such arrangement since the implementation of global tariffs.“This morning I am thrilled to announce that we have reached a trade deal with the UK. Today is the Victory Day for World War 2, we…
Famous investor and Berkshire Hathaway Chairman Warren Buffett announced that he will step down as CEO by the end of this year, with Vice Chairman Greg Abel set to succeed him. Buffett, 94, made the announcement during Berkshire Hathaway’s annual shareholder meeting, adding that he will not sell a single share of Berkshire stock.Buffett’s decision…
