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Lubrizol names Abhishek Shrivastava as IMEA managing director
MUMBAI: Lubrizol has appointed Abhishek Shrivastava as managing director for India, Middle East and Africa (IMEA), underlining the strategic weight of the region in its global growth plans.
Shrivastava, who has been with the company for nearly two decades, was previously vice-president of innovation and decision science. In that role he drove the development of growth platforms, sustainable product pipelines and digital capabilities. His new remit spans everything from customer engagement to regional manufacturing and supply-chain expansion, with an emphasis on a local-for-local model.
Lubrizol president and chief executive Rebecca Liebert said Shrivastava’s “blend of industry knowledge, technical depth and ability to match innovation with customer needs” made him the right choice to spearhead the next phase.
Shrivastava said India, the Middle East and Africa were “dynamic regions full of opportunity and home to exceptional talent”, adding that Lubrizol would double down on localised innovation and partnerships to stay competitive.
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Tata Consumer Products faces Rs 98 crore tax demand
Income tax authorities raise significant demand for the 2022-23 financial year
MUMBAI: Tata Consumer Products Limited has received an assessment order from the income tax department involving a substantial financial demand. The order, issued by the assistant commissioner of income tax in Kolkata, was received by the company on 13 March 2026. It follows an audit of the income tax returns filed for the 2022-23 financial year, during which the assessing officer made specific additions and disallowances to the company’s reported income.
The total demand raised by the authorities amounts to Rs 98,03,33,930, a figure that includes both the principal tax amount and accrued interest. This disclosure was made by the company’s company secretary & compliance officer, delnaz dara harda, in a formal filing to the National Stock Exchange and BSE Limited on 14 March 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
In response to the order, Tata Consumer Products has stated that it believes the demand is not maintainable under current law. The management has confirmed that the company is currently in the process of filing an appeal against the assessment. Furthermore, the company clarified that there is no immediate impact on its current financial standing, operations, or other corporate activities resulting from this specific order.
