Alagappan will assume larger responsibilities within the Group, said Sources. He tendered his resignation as Managing Director and as director of the firm. He will be relieved from the services of the Company on February 14, 2021, said Cholamandalam Investment & Finance. Two months back, the group decided to dismantle its two-decade-old non-statutory Murugappa Corporate Advisory Board. Instead of the board, which was led by a family member and five outsiders, the group and individual companies will now be led by senior family members. The Board was formed in January 2000 as part of a ‘new millennium strategy’ and new corporate governance structure. Senior members earlier said that instead of the advisory (the Murugappa Corporate Advisory Board), they will be playing a direct role in the companies by mentoring youngsters and professionals in the companies.
Bengaluru-based Manthan Software and San Francisco-headquartered tech company RichRelevance, have completed their merger to form a new, rebranded artificial intelligence company Algonomy. Algonomy allows customers such as Walmart, eBay, Burberry, Swarovski, Tiffany and McDonald’s to rapidly unify all customer data in a single platform for real-time AI-based decisions. “As we saw during the pandemic, our customers have seen the importance of being able to quickly pivot to become digital-first, and leverage AI to make quick decisions,” said Algonomy chief executive Atul Jalan, who previously served as Manthan Software s CEO. “Our algorithmic customer engagement (ACE) platform has the power to transform retailers into algorithmic businesses that are responsive to individual consumers, delivering the hyper-personalized experiences that drive sales and loyalty.”
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Tata Motors Ties Up With Private Lenders For Commercial Vehicles Financing
Tata Motors said its BS-VI offerings have garnered an overwhelming response in the market, with the fleet owners appreciating the lowered total cost of ownership of the vehicles .
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Homegrown auto major Tata Motors on Monday said it has entered into partnerships with leading private banks, including HDFC Bank, ICICI Bank and Yes Bank, to fund its commercial vehicles.
The tie-ups aim to enhance value offerings for customers of both new as well as pre-owned vehicles throughout the customer lifecycle, Tata Motors said in a statement.
These strategic tie-ups aim to enhance value offerings for customers of new and pre-owned vehicles
Tata Motors said on Monday it has entered into partnerships with leading private banks and non-banking finance companies (NBFCs) to offer an array of financial offerings to its commercial vehicle customers. It has tied up with HDFC Bank, ICICI Bank, Yes Bank, Equitas Small Finance Bank, AU Small Finance Bank and the newly-merged entities of public sectors Union Bank and Punjab National Bank. The NBFCs include Cholamandalam Investment and Finance, HDB Financial Services and Sundaram Finance.
These strategic tie-ups aim to enhance value offerings for customers of both new as well as pre-owned vehicles throughout the customer lifecycle.
The benchmark Sensex fell 470.4 points on Monday, extending its two-day slide to 1,020 points, or 2.1 per cent. Concerns over the pace of economic recovery amid a strong second wave of infections globally is prompting investors to scale back bullish bets, say experts. Also, rising US bond yields and strengthening of the greenback have raised concerns of pushback from foreign investors. Experts said many investors are opting to book profits ahead of the Union Budget on fears that the Centre will raise taxes to boost income hit by the Covid-19 pandemic. The Sensex ended at 48,564, while the Nifty fell 152 points, or 1.1 per cent to close at 14,281, breaching the key technical support of 14,300. Both the indices had ended at their record highs on Thursday.