K.M. Mammen, CMD, MRF and Anshuman Singhania, whole-time director of JK Tyre and Industries, have been unanimously elected as chairman and vice-chairman, respectively, of Automotive Tyre Manufacturers’ Association (ATMA). ATMA acts as a key link between tyre makers and the Centre, and assists in policy formulation on the sector. It regularly publishes industry data and brings out status notes on industry issues.
Chieftains of India Inc. cheers government decision to reduce corporate tax, a move seen to spur investments, revive growth and the animal spirits in Corporate India. Finance Minister Nirmala Sitharaman on Friday announced to reduce corporate tax to 22% and for new manufacturing companies set-up post October 2019 to 15%. Welcoming the move, N Chandrasekaran, […]
HDFC Bank on Sunday said it plans to organise 1,000 ‘grameen loan melas’ over the next six months in a bid to expand its retail portfolio. These ‘grameen loan melas’ (or village loan fairs) will be held across more than 300 districts and cover around 6,000 villages across India, HDFC Bank said in a statement. […]
Recently, investors in Fixed Maturity Plans (FMPs) of two fund houses were told that they may need to be a little flexible about receiving their maturity proceeds. Kotak Mutual Fund redeemed its FMPs series 127 and 183 on maturity date, paying back capital while deferring part of the returns to a later date, citing a […]