Infosys has appointed Hindustan Unilever Ltd’s non-executive chairman Nitin Paranjpe as non-executive vice chairman of its board with immediate effect, PTI reported on Wednesday.“The Board of Directors has approved the appointment of Nitin Paranjpe as non-executive Vice Chairman of the Board with immediate effect,” the company said in a statement.Paranjpe is also non-executive vice chairman…
The first direct commercial flight between the United States and Venezuela in seven years was scheduled to land in Caracas on Thursday, marking a major step in the restoration of travel links between the two countries after years of disruption, AP reported.The resumption of nonstop service comes months after the US capture of then President…
US markets traded mixed on Thursday as strong corporate earnings helped Wall Street stay near record highs despite sharp swings in crude oil prices linked to the Iran war, AP reported.The S&P 500 rose 0.1 per cent and remained just below the all-time high touched earlier this week. The Dow Jones Industrial Average gained 413…
For millions of salaried employees and the organisations that employ them, the proposed increase represents a shift towards social security. (AI image) India’s social security framework is at an important inflection point. After the labour codes, the government is reportedly considering another major reform: raising the wage ceiling for mandatory Employees’ Provident Fund (EPF) coverage…
The government is set to soon notify changes under the Foreign Exchange Management Act (FEMA) that will ease foreign direct investment (FDI) norms for overseas companies with up to 10 per cent Chinese shareholding, a senior official told news agency PTI on Thursday.Once notified by the Department of Economic Affairs (DEA), the revised framework will…
The US economy grew at an annualised pace of 2 per cent in the January-March quarter recovering from the drag caused by last year’s 43-day federal government shutdown, though the outlook has been clouded by the ongoing Iran war, AP reported.The Commerce Department said on Thursday that gross domestic product (GDP), which measures the nation’s…
Benchmark equity indices Sensex and Nifty closed nearly 1 per cent lower on Thursday as elevated crude oil prices, weak global cues and continued foreign fund outflows hurt investor sentiment.The 30-share BSE Sensex fell 582.86 points, or 0.75 per cent, to settle at 76,913.50. During the session, it plunged as much as 1,237.5 points, or…
The Supreme Court on Thursday questioned the Centre for repeatedly failing to file its affidavit in a plea seeking regulatory guidelines to curb “unpredictable fluctuations” in airfares and ancillary charges imposed by private airlines, PTI reported.A bench of Justices Vikram Nath and Sandeep Mehta asked the Union government to file an application along with an…
India’s total foreign direct investment (FDI) inflows are likely to cross $90 billion in 2025-26 after already surpassing $88 billion during April-February, a top government official said on Thursday.DPIIT Secretary Amardeep Singh Bhatia said the government had undertaken a series of policy measures to attract foreign investments into the country, PTI reported.He said that during…
Iran’s currency plunged to a record low in recent days against the US dollar as the ongoing US naval blockade of Iranian ports continues to strain the country’s economy.On the black market on Wednesday, the rial fell to around 1.80 million per dollar, according to currency-tracking websites Bonbast and AlanChand. At the start of the…
