Daily Archives: August 22, 2018

‘Tata Tech now a key player in EV space’

Company developing more than 11 electric vehicle projects globally: Bhade Tata Technologies Ltd. has emerged as a leading end-to-end developer of electric vehicles (EVs) for global original equipment manufacturers (OEMs) and start-ups, a top executive said.“We reinvented the company to be ready for the EV play,” said Anand Bhade, president, …

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SEBI’s MF reclassification hits small cap universe

Fund inflows into segment plunge to Rs. 22 cr. from Rs. 5,650 cr. The capital markets regulator’s decision last year to reclassify mutual fund schemes to help bring uniformity in investment strategy and asset allocation seems to have made the small cap universe a big casualty, with a bulk of …

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Centre moots overseas UDAN

Scheme will enable States to choose routes, provide subsidy to airlines State governments will be able to encourage tourism on preferred international air routes by offering subsidy to domestic airlines for a period of three years. The Ministry of Civil Aviation has prepared a draft scheme document for “UDAN International” …

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Suu Kyi defends govt. actions in Rakhine

‘Terror, not discrimination, behind crisis’ Myanmar leader Aung San Suu Kyi on Tuesday defended her government’s actions in Rakhine State, where about 7,00,000 Rohingya Muslims fled from a brutal counterinsurgency campaign to neighbouring Bangladesh. Ms. Suu Kyi said terrorism, not social discrimination or inequality, triggered the crisis. She made the …

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