President Financial News

Tata Consumer Products Ltd on Friday announced the appointment of Ashish Goenka as Group CFO with effect from December 18, 2023. Goenka, currently employed with Jubilant Foodworks Ltd as its President & CFO, brings more than 20 years of experience in finance in the FMCG and telecom sectors, Tata Consumer Products Ltd (TCPL) said in a regulatory filing.

Ukraine, something akin to the sentiment that moved the EU’s founding fathers is stirring again. The talk now is of admitting as many as nine new members, including Ukraine. Joining the world’s most successful club of peaceful, prosperous democracies would set that war-ravaged country—and fellow aspirant members in the Western Balkans, Georgia and Moldova—on a new and promising path.

also in the city to attend the COP28's World Climate Action Summit today. Prime Minister Narendra Modi will address the COP28 meeting in Dubai on Friday, December 1.

exit poll projection showed the Congress leading the race to form the government in Telangana, Telangana Minister and Bharat Rashtra Samithi working president KT Rama Rao said on Friday that exact polls will «give us good news.» «After a long time had a peaceful sleep. Exit polls can take a hike. Exact polls will give us good news,» Minister KTR posted on X. Exit polls on Thursday predicted that Congress is poised to form government in Telangana and that the ruling Bharat Rashtra Samithi (BRS) would fall short of the majority mark after 10-year rule in India's youngest state. At a news conference on Thursday, KT Rama Rao said that the BRS was confident of forming the government despite what the pollsters were claiming

German President Frank-Walter Steinmeier's recent visit to Qatar was marked by an unexpected diplomatic incident that garnered significant attention. Upon his arrival, President Steinmeier was left waiting on the tarmac for nearly 30 minutes, a delay that sparked speculation and raised eyebrows. The incident, which unfolded as President Steinmeier stood at the door of his Airbus A350 with folded arms, was captured in a viral video that circulated widely. Despite the presence of the red carpet, a military honor guard, and Germany's ambassador to Qatar, no Qatari official was initially on hand to formally welcome the distinguished visitor. A report by German news broadcaster DW cited the delay as being due to the absence of Qatari officials at the airport to greet President Steinmeier. However, both German and Qatari officials have refrained from commenting on the delay, leaving the exact cause open to interpretation.

coast guard inaugurated a new monitoring base Friday on a remote island occupied by Filipino forces in the disputed South China Sea as Manila ramps up efforts to counter China's increasingly aggressive actions in the strategic waterway. Confrontations between Chinese and Philippine ships have intensified this year in the contested waters, resulting in minor but alarming collisions near the disputed Second Thomas Shoal occupied by a Filipino marine contingent in October.

By Valerie Volcovici and William James

Sultan al-Jaber, president of COP28, is an interesting personality. The PhD in economics was chosen by the country hosting COP28, the United Arab Emirates, to head the conference. He happens to be the CEO of Abu Dhabi National Oil Company, one of the world's largest fossil-fuel companies.

One of Canada’s former top spies says that the American indictment linking an alleged assassination attempt orchestrated by an Indian government employee re-enforces the validity of allegations made by Prime Minister Justin Trudeau in September.

TortoiseEcofin Senior Portfolio Manager Robert Thummel discusses how China's economic woes could impact crude oil prices on «The Claman Countdown.»

What is assembly election exit poll?A survey agency tries to gauge the likely result of an election through an exit poll. Voters are asked, after they exit the polling station who they voted for, hence this is called an ‘exit poll’.

Nasdaq into negative territory. Still, the S&P 500 and the Nasdaq notched their largest monthly percentage gain since July 2022. November was the Dow's best month for percentage gains since October 2022. «We're putting the cherry on top of a banner month,» said Ryan Detrick, chief market strategist at Carson Group in Omaha.

company's market value crossing ₹53,000 crore on Thursday, higher than that of some of its listed mid-cap peers such as KPIT Technologies and L&T Technology Services. Analysts said the 163% surge on the opening day has made Tata Technologies a more expensive bet than some of these rivals with a more diversified client base. But the bet could pay off if investors have the patience to hold the stock for a longer period, they said. Tata Technologies listed at ₹1,199.95 on Thursday, up 140% over its IPO price of ₹500 apiece before closing at ₹1,314.25.

JSW Group and SAIC Motor announced an India joint venture aimed at expanding the operations of MG Motor, owned by the Chinese company, in the country. JSW will hold a 35% stake in the joint venture, they announced on Thursday. «Our strategic collaboration with SAIC Motor aims to grow and transform the MG Motor operations in India with a focus on green mobility solutions,» the JSW Group's Parth Jindal said in a media release.

Amazon has started the process of what is seen as a significant top-level restructuring of its India management team under vice president and country head Manish Tiwary, people aware of the matter told ET. The changes come at a time when Noor Patel, one of the most senior executives at Amazon India heading category management, is moving to the US, as the local team has been informed internally, the sources said.

UltraTech will acquire the cement business of the BK Birla Group's Kesoram Industries in an all-stock deal at an estimated enterprise value of around ₹7,600 crore, which includes debt. The deal will give UltraTech access to two integrated cement manufacturing units in Karnataka and Telangana with a combined capacity of 10.75 million tonnes per annum (MTPA).

By Martin Coulter

(Please note strong language in paragraphs 2, 7)

Europeans are again seeing some relief as inflation dropped to 2.4% in November, the lowest in more than two years

A New York appeals court has reinstated a gag order that barred Donald Trump from commenting about court personnel after he disparaged a law clerk in his New York civil fraud trial

The Middle East plays host to its second straight U.N. climate conference over the next two weeks, with countries hoping to agree on new ways to keep the planet from catastrophic heating by the end of the century