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Arvind Panagariya on corporate tax, lower tariffs & fewer ministries.
For 70 years, the automobile industry has been protected with 100 plus kind of tariffs. Why should Indian consumers have to pay one and a half times the price that everybody else in the world market pays, said Arvind Panagariya, Former Vice Chairman, NITI Aayog, in an interview with ETNOW. Read More
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Governance Experts on Boeing: 'There Is Something Wrong with the Board'.
“By virtue of the fact that this company has ended up where it is, there is something wrong with the board, says corporate governance expert Nell Minow, Vice Chairperson of ValueEdge Advisors. “At the end of the day, the buck literally stops with them.” Read More
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DEFENDING A HOSTILE TAKEOVER.
Mergers & Acquisition(M&As) deals in the Indian Corporate Ecosystem have been rising significantly through the years with 2018 being the benchmark for the most M&A deals with a deal value surpassing the $125 billion mark as per Thomson Reuters Deals Intelligence. However, the number of coercive acquisitions in these deals have been fairly low. This doesn’t imply that there haven’t been adequate attempts in the Country’s M&A history for hostile takeovers. While many of these attempts didn’t reach Indian courts often enough for substantial jurisprudence, India has witnessed a notable number of hostile takeover attempts and acquisitions. A few instances would be like those of the successful acquisitions of Mindtree by L&T and Zandu Pharmaceuticals by Emami, to several attempted hostile takeovers over the years. Read More
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Paytm bank sees profit, to add more Financial Services.
Paytm Payments Bank has turned profitable in its first full year of operation aided by the e-wallet business, even as questions about the sustainability of this banking model continue. MD & CEO Satish K Gupta told TOI the company has managed to clock a net profit of close to Rs 20 Cr on revenues of Rs 1,500 Cr, even though overall deposits remain low at Rs 500 Cr, similar to other payments banks. Read More
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Expect a faster resolution of NBFC crisis once next government is formed.
The IL&FS context is something where it looks like everybody was caught on the wrong foot. It was rated AAA. In other cases, it was the fund managers who had made that measured bet. I would attribute only some fund managers who have been a little out of the whack and not been very prudent in their approach to investing in such a security, says Dhirendra Kumar, CEO at Value Research Read More
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