Kedar Lele is joining as the new Managing Director, effective November 1. Lele succeeds Sandeep Sangwan, who has been elevated to the position of Global Chief Marketing Officer at Castrol headquarters in London. He has a total work experience of more than 26 years, of which 18 years has been spent at Unilever in various … Read more
Taiwan’s President Lai Ching-te has committed to addressing concerns raised by US President Donald Trump regarding the semiconductor industry. Lai announced plans to enhance US investment and procurement while also strengthening Taiwan’s defense spending. His remarks came in response to Trump’s directive to impose reciprocal tariffs on trade partners that tax US imports. Trump has … Read more
Founder of Strategy (formerly MicroStrategy) Michael Saylor has held his ground on his forecast that Bitcoin would ultimately replace gold as the store of choice, with its value reaching $5 million per coin, reported The Street. Here are the three key developments Saylor claimed would be needed to send Bitcoin to $5 million. Spot Bitcoin … Read more
US Defense Secretary Pete Hegseth stated on Wednesday (February 12) that Ukraine’s bid for NATO membership was not a viable outcome in negotiations to end the war. He also suggested that Kyiv should reconsider its goal of reclaiming all Russian-occupied territories and instead focus on securing a peace settlement backed by international forces. “The United … Read more
New Delhi, Commerce and Industry Minister Piyush Goyal on Monday said the USD 100 billion FDI commitment made by EFTA bloc under a free trade agreement could help in catalysing as much as USD 400-500 billion investment proposals in the Indian ecosystem. The pact, officially dubbed as Trade and Economic Partnership Agreement (TEPA), is expected … Read more
India’s expansive strategic partnership with France is set to get a further boost with two mega deals being virtually finalised for direct acquisition of 26 Rafale-Marine fighters, as well as the construction of three additional Scorpene submarines, which will collectively be worth almost Rs 1 lakh crore (Euro 10.6 billion). As PM Narendra Modi left … Read more
Reserve Bank of India’s (RBI) decision to introduce exclusive domains for banks will make it easier to identify genuine banking websites and avoid phishing scams. Customers can verify a bank’s authenticity by checking if its website has the ‘bank.in’ extension before making transactions. RBI governor Sanjay Malhotra said rising fraud in digital payments is a … Read more
TOI correspondent from Washington: The first contours of a constitutional crisis and a potential civil war, at least on the legal front, are sharpening in America. A federal judge in New York issued an emergency order on Saturday prohibiting Elon Musk’s Department of Government Efficiency from accessing personal and financial data of millions of Americans … Read more
India’s new central bank governor cut interest rates for the first time in almost five years to help spur a slowing economy, providing a measured tone that disappointed some investors seeking more proactive steps.All six members of the Reserve Bank of India’s monetary policy committee, chaired by Governor Sanjay Malhotra, voted unanimously to lower the … Read more