"Post the completion of the transaction, VECV and VBI will consolidate their bus businesses into a newly formed bus division within VECV. This division will offer Volvo and Eicher branded buses, and will maximise synergies to capitalise on market opportunities," Siddhartha Lal, Chairman, VECV said. … [Read more...] about VECV to buy Volvo Group India bus business for Rs 100 crore
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The group members discussed on broad parameters guiding the selection of COVID-19 vaccine candidates for the country and sought inputs from the standing Technical sub-committee of National Technical Advisory Group on Immunization (NTAGI). The committee also advised all the states not to chart separate pathways of procurement, according to the health ministry. … [Read more...] about Expert group deliberates on strategy to ensure COVID-19 vaccine availability, delivery mechanism
“With this integration, we aim to shape the future of the Indian bus industry by offering the widest range of transport solutions to our customers. This strategy will be extended to exports, wherein the new bus division will offer products and services that are complementary with Volvo Buses’ core product portfolio in select international markets,” VECV chairman Siddhartha Lal said. … [Read more...] about Eicher Group company buys Volvo Bus India for Rs 100 crore
HDFC Asset Management Co, that had Rs 902 crore investment in the Essel group companies’ debt securities across all its FMPs also rolled over/extended the maturity of HDFC FMP 1168D Feb 2016 (1) a plan under HDFC Fixed Maturity Plans Series 35, scheduled for maturity on April 15, 2019. FMP investments have been a cause of concern for investors even in the past. … [Read more...] about Will the debt crisis lead to exodus of top talent from MF industry?
There is no prize for guessing that there is a ‘single word’ solution for all these problems, technology. For lack of domain knowledge, there are expert systems. The answer to the flood of written material is Natural Language Processing (NLP) and text mining. For staleness of data, technology is already being used for pruning the gap between happening of events and their inclusion in the datasets e.g. the Billion Prices Project that seeks to glean prices directly from internet trading to calculate price indices. NLP and Image Processing can make social media tractable. The problems of divining interconnectedness is tackled very well by neural networks. The unknowns can become visible through techniques like clustering. … [Read more...] about Rethinking internal regulatory architecture