MAM
Verizon promotes Francis Yip to lead Asia-Pacific business
NEW DELHI: US telecom operator Verizon has made a change to its top management. Francis Yip has been promoted to group vice president of Verizon Asia Pacific. Most recently he was Verizon managing direct for north Asia, responsible for its business in Hong Kong, China, Korea and Taiwan.
Verizon Enterprise Solutions president Christopher Formant said that in his new role, Yip is responsible for delivering strategic cloud, security, mobility, network and connected machines solutions to Verizon’s multinational enterprise clients across the APAC region.
Formant said: “Francis is an exceptional talent, and we believe he has the experience and expertise to continue to grow our business in APAC. His leadership in north Asia in the past two years has earned him a first-class reputation for commercial acumen. His in-depth understanding of technology businesses in Asia, particularly in emerging markets, will be instrumental in helping our customers move their businesses forward.”
Prior to joining Verizon, Yip was responsible for managing Dimension Data’s north Asia operations. He has also held senior management positions at Equant (now Orange Business Systems) including general manager for China. A native of Singapore, Yip is fluent in several languages including English, Mandarin, Cantonese, Korean and Malay.
He replaces Andrew Dobbins, who announced his retirement earlier this month. Verizon Enterprise Solutions provides advanced IT and communications services to enterprise and governments around the world.
Brands
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.
