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.
Lack of self-discipline by fund houses, pursuit of high yield at the cost of prudent investment and mixing investment with lending had a cascading effect on the mutual fund debt schemes after a few issuers defaulted on their payment obligations, said Ajay Tyagi, Chairman, Securities and Exchange Board of India (SEBI). Addressing an event organised […]
Niti Aayog Vice-Chairman Rajiv Kumar on February 5 said the middle class is “trained enough” to decide which personal income tax option is good for them and exuded confidence that their propensity to save will not come down. Mr. Kumar was commenting on the Budget proposal of Finance Minister Nirmala Sitharaman to give option to […]
In a move that will restrict Chinese investments, the Centre has made prior government approval mandatory for foreign direct investments from countries which share a land border with India. Previously, only investments from Pakistan and Bangladesh faced such restrictions. The revised FDI policy is aimed at “curbing opportunistic takeovers/acquisitions of Indian companies due to the […]