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Centre earned ₹100 crores by sharing vehicle registration data with companies such as BMW, Axis Bank, Bajaj Allianz, L&T and others
Centre earned ₹100 crores by sharing vehicle registration data with companies such as BMW, Axis Bank, Bajaj Allianz, L&T and others
Navdeep YadavFeb 12, 2021, 16:05 IST
Nitin Gadkari BCCL
Union minister
Nitin Gadkari informed the Parliament that the government had earned over ₹100 crores by providing access to Vahan and Sarathi databases to private entities.
The Vahan and Sarathi databases contain details of registered vehicles and driving licenses in the country.
The minister told Parliament that the data had been shared
with170 parties including law enforcement agencies, the home ministry, auto, freight and
The data has been shared with law enforcement agencies, the home ministry, auto, freight and insurance companies. A list of around 170 parties with which the two databases have been shared include BMW, Axis Bank, Bajaj Allianz General Insurance, L&T Financial Services, Mercedes Benz, among others.
IIFL Asset Management appoints chief executive international-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from international-adviser.com Daily Mail and Mail on Sunday newspapers.
Synopsis
IIFL Asset Management (IIFL AMC) has appointed Manoj Shenoy as its chief executive officer with effect from February 2, 2021, said a statement issued today.
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IIFL Asset Management (IIFL AMC) has appointed Manoj Shenoy as its chief executive officer with effect from February 2, 2021, said a statement issued today.
Shenoy joined the IIFL Wealth group (IIFLW) in April 2020 as executive director following IIFLW’s acquisition of L&T Capital Markets (LTCM), a wholly-owned subsidiary of L&T Finance Holdings (LTFH).
He has close to three decades of experience in the financial services industry. Prior to joining IIFL Wealth & Asset Management, he was CEO at L&T Financial Services - Wealth Management business. Besides a stint as CEO of EFG Wealth Management India, a subsidiary of EFG Bank - a boutique Swiss private bank, he was also executive director at Anand Rathi Financial Services.
L&T Financial Services jumped 6.38% to Rs 105.85 after the company said its board has approved raising of up to Rs 3,000 crore through a rights issue.The rights issue will open on 1 February 2021 and close on 15 February 2021. The NBFC has fixed a price of Rs 65 per equity share for the offer. The rights entitlement ratio is set at 17:74 (17 equity shares for every 74 shares held by the eligible equity shareholders of the company), as on the record date i.e. 22 January 2021. If the shareholding of any of the eligible equity shareholder is 5 or more, such shareholders will be entitled to at least 1 equity share.