The TVS family has been engaged, for more than a century, in a diverse range of businesses through various entities in which the branches of the TVS family have invested in or through T V Sundaram Iyengar & Sons, Sundaram Industries, and Southern Roadways - collectively referred to as the TVS Holding Companies.
The $8.5 billion TVS Group received final approval for a family resettlement on February 4 from the National Company Law Tribunal (NCLT). It is an arrangement that is noteworthy because unlike many other corporate settlements this one was sorted out amicably and without any open conflicts.
Bishan Singh Bedi once invited Pakistani cricketers Zaheer Abbas, Javed Miandad, Mudassar Nazar and others for dinner in Australia and cooked delectable food for the 25-odd guests, says a new book.
The restructuring, which will involve nine listed companies, including TVS Motor, Sundaram Clayton, Sundram Fasteners, TVS Electronics and TVS Srichakra, among others, will give each family group complete ownership of businesses they manage while scrapping the holding company.
'...over the long-term can be done only by investing in equities.' 'And during weak macros, one needs t1o allocate more than drawing it down, because they offer the best entry point.'
Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday reviewed relief and rescue operations with senior officials of the government after returning to Dehradun from on-site inspection of Joshimath landslide area gave directions for forming a coordination committee immediately at the government level under the chairmanship of the Additional Chief Secretary and at the local level under the chairmanship of the Commissioner Garhwal.
Maamannan could have been so much better with an alternate lead actor and a tighter, more gripping storytelling, sighs a disappointed Divya Nair.
"It is complete red herring. I thought the state will see some sense. But, these are different nature of battles. Sorry, dismissed," the bench said.
Palaniswami currently helms the party founded by the charismatic M G Ramachandran and nurtured by the redoubtable J Jayalalithaa.
As part of the exercise, each family will get complete ownership of the businesses it manages while scrapping the holding company.
The primary investment objective of the scheme is to generate consistent long-term returns by investing predominantly in equity & equity related instruments of "companies that are focusing on Rural India".
Since April there have been no new NFOs because of the delay in the implementation of the new norms around pooling of funds.
Despite summons, Republic TV's chief financial officer (CFO) did not appear before the Mumbai police on Saturday to record his statement in connection with the TRP manipulation racket, saying the channel has approached the Supreme Court in the case, a senior official said.
While rising interest rates and tighter liquidity are giving negative signals for the financial sector, increasing economic activity could mean higher business volumes for lenders. Liquidity in the banking system has moved from Rs 8 trillion surplus into a deficit of Rs 33,000 crore over the 2022 calendar year. By the end of November, bank credit had grown 17.5 per cent YoY (year-on-year).
The Supreme Court Tuesday said suspension from legislative assembly for one year should be linked with some purpose and there has to be an 'overpowering' reason that the member should not be allowed to even attend the next session.
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
Interesting scenes from the Mumbai Indian-Punjab Kings game in Abu Dhabi on Tuesday, September 28, 2021, when MI won its first match in the UAE leg of IPL 2021 by six wickets.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The International Cricket Council's Elite Panel of Umpires will not have an Indian representation after Sundaram Ravi got the axe.
Should investors consider investing in the fund or liquidating their existing investments, instead?
A curator falling to the lure of corrupt money doesn't come as a surprise to former Board of Control for Cricket in India pitch committee chairman Venkat Sundaram, who says "underpaid groundsmen" are vulnerable to such approaches.
Concept artist Viswanath Sundaram tells us about Baahubali came to life.
In a special series, we will put YOU to the test everyday!
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
A bench headed by Chief Justice S A Bobde took note of the submissions by a battery of senior lawyers including A M Singhvi and C A Sundaram and said it will list the fresh pleas "sometime in next week" before the same bench which had heard the earlier petition in the high-stake matter.
Officials said 13 more families living in houses with huge cracks were moved by the administration to safe locations on Sunday.
L&T Housing Finance on Thursday announced selling L&T Investment Management (LTIM) to HSBC Asset Management (India) at $425 million. LTIM is the investment manager of the mutual fund business of L&T. The divestment of the mutual fund business is in line with the strategic objective of L&T Finance Holdings of unlocking value from its subsidiaries to strengthen its balance sheet, it stated in a press release. The data from the Association of Mutual Funds in India (Amfi) shows L&T Mutual Fund (MF) has average assets under management (AAUM) worth Rs 78,273.80 crore, while HSBC MF has AAUM of Rs 11,314.32 crore as in the July-September quarter.
Samajwadi Party patriarch Mulayam Singh Yadav is among six personalities chosen for this year's Padma Vibhushan.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
After auto components major Bosch Ltd, Sundaram-Clayton, Hero MotoCorp now announce temporary production shut down
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Close-ended equity funds, launched with fanfare three years ago, have disappointed investors with their dull returns. The data from Value Research shows 10 out of 17 close-ended schemes maturing before July have seen one-year returns between 34 and 40 per cent. In comparison, the Sensex Total Return Index (TRI) has rallied 46 per cent over the past one year.
'I came to hear you sing Ae Mere Watan Ke Logon. I am glad I have heard you sing.'
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
'Laxmi was insistent that our homes should never have name-plates, because the name Laxmikant-Pyarelal should never be separated!'
Thennarasu said that while the governor had to grant his approval to the bill, he informed them it was still under his consideration.
Legendary singer Lata Mangeshkar, who was in the intensive care unit of Mumbai's Breach Candy Hospital, passed away on Sunday morning. She was 92.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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