Tata Motors and ICICI Bank Tie up to Offer Financing Solutions to its EV Dealers
Tata Motors partnered with ICICI Bank to offer financing solutions to its authorised passenger electric vehicle dealers.
Under the partnership, ICICI Bank will provide inventory funding to the authorised passenger EV dealers in addition to the bank's funding to dealers for diesel and petrol models.
Through this partnership the EV dealers can avail flexible repayment tenures.
Manish Gunwani to Replace Anoop Bhaskar as CIO-Equities at IDFC MF
Manish Gunwani is set to join IDFC Mutual Fund (MF) as the chief investment officer (CIO)- Equities. Gunwani, who left Nippon India MF in November 2022, will replace Anoop Bhaskar, who is moving out of IDFC MF.
Gunwani joined Nippon India MF in 2017. Before this, he served as Deputy CIO-Equity at ICICI Prudential Mutual Fund. At Nippon, he was managing schemes like Nippon India Flexi Cap Fund, Nippon India Growth Fund and Nippon India Balanced Advantage Fund.
Bhaskar has been in the MF industry for over 27 years. He joined IDFC AMC in February 2016. Prior to joining IDFC AMC, he was associated with UTI MF as Head of Equity.
Jan 23, 2023
Sanjay Mohan New Chair of IAMAI's TravelTech Committee
The Internet and Mobile Association of India (IAMAI) announced the appointment of Sanjay Mohan, group chief technological officer (CTO), MakeMyTrip India as the chair of the TravelTech Committee. Additionally, Rikant Pittie, co-founder, EaseMyTrip and Yang Li, head-public affairs (APAC), Booking.com, were appointed as the new co-chairs.
According to IAMAI, the new leadership of the TravelTech Committee will actively engage with the government as well as industry representatives to address some of the key challenges faced by the sector through policy and advocacy at both domestic and international levels.
Co-founder of Netflix, Reed Hastings Steps Down as CEO
Netflix Inc co-founder Reed Hastings said that he will step down as chief executive, handing the reins of the streaming service to longtime partner and co-CEO Ted Sarandos and the company's chief operating officer, Greg Peters.
Sarandos and Peters will share the title of chief executives, with Hastings serving as executive chairman. The change is effective immediately, representing the culmination of a decade of succession planning by the board. Both Peters and Sarandos were promoted in July 2020 amid a challenging time for the company.
Canara Bank Transfers Entire 40% Shareholding in Russian JV to SBI
Canara Bank plans to sell its stake in Russian Joint Venture(JV) Commercial Indo Bank LLC (CIBL) to the other venture partner State Bank of India (SBI) for about Rs. 114 crore. CIBL, incorporated in 2003, is a joint venture in Russia between SBI (60 per cent) and Canara Bank (40 per cent).
Based on the share sale agreement and with the consent of the Central Bank of Russia, the entire shares held by Canara Bank were transferred to SBI on November 30, 2022.
Canara Bank is an Indian public sector bank under the control and ownership of Ministry of Finance, Government of India. Established in 1906 at Mangalore by Ammembal Subba Rao Pai, the bank also has offices in London, Dubai and New York.
Jan 22, 2023
Tanishq Enters American Market
Tanishq, India's leading jewellery retail brand from the house of Tata, entered the American market and its first store, in New Jersey's Little India, was inaugurated by Senator Robert Menendez.
The 3750+ square foot, two-story showroom on New Jersey's Oak Tree Road, offers over 6,500 unique designs in 18 and 22 KT gold and diamond jewellery, as well as solitaires and coloured stones.
Tanishq has been in the US market through e-commerce for over a year and received positive community feedback.
ICSI Appoints Manish Gupta as New President
The Institute of Company Secretaries of India (ICSI) appointed Manish Gupta as the president and B. Narasimhan as the vice president of the institute. They will be serving for the current year 2023.
Manish Gupta is a law graduate and has a master's degree in commerce. He has been associated with the profession of Company Secretaries for the last 18 years, as a Practicing Company Secretary.
B. Narasimhan is a postgraduate in economics and a fellow member of the Institute of Company Secretaries of India (ICSI) and has over 4 decades of experience in corporate law and management with a special emphasis on the capital market.
The Institute of Company Secretaries of India (ICSI) is a premier professional body set up for the regulation and development of the profession of Company Secretaries in India.
Jan 21, 2023
Manasi Takes Over as Toyota Kirloskar Motor VC
Toyota Kirloskar Motor said that Manasi Tata, daughter of late Vikram Kirloskar, took over as its new Vice Chairperson.
She also took over as the Vice Chairperson of Toyota Kirloskar Auto parts (TKAP).
Tata is already serving as a member of the board of directors at Toyota Kirloskar Motor Pvt Ltd and is an integral part of TKM's corporate decisions and strategic operations.
PNB First Public Sector Bank to Launch Credit Cards for FDs
Punjab National Bank became India's first public sector bank to launch credit cards for its fixed deposit customers. The bank informed its customers via a tweet.
You get a RuPay or VISA credit card online in exchange for one or more FDs with an 80% credit limit.
PNB has raised the interest rate on fixed deposits across all tenures by 50 basis points to draw in more deposits.
Jan 20, 2023
Jaguar Land Rover President and MD Rohit Suri to Hang Boots
Jaguar Land Rover said that Rohit Suri will retire as President and Managing Director of India business with effect from March 31, 2023. Suri is retiring after 14 years in the company.
He had joined Tata Motors as Head of Premier Car Division and led the launch of Jaguar and Land Rover in India in 2009.
As per Jaguar Land Rover (JLR) Overseas Regional Director Martin Limpert, Suri led from the front and played a key role in establishing the marquee brand in India with strong focus on customer centricity and financial and brand strength.
Ambani First among Indians, Second Globally on Brand Guardianship Index 2023
Billionaire Mukesh Ambani overtook the likes of Satya Nadella of Microsoft and Google's Sundar Pichai to be ranked No.1 among Indians and No. 2 globally on the Brand Guardianship Index 2023.
Brand Finance constructs its Brand Guardianship Index in a similar way to the Brand Strength Index that underpins its corporate brand valuations.
Brand Finance's Brand Guardianship Index (BGI) 2023 saw the rise of Nvidia CEO, Jensen Huang, and Mukesh Ambani of Reliance Industries Ltd to 1st and 2nd position respectively.
+91-85588-96644
