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Top headlines: M&M's board rejig, Fitch lowers India GDP growth, and more

In a statement, the firm said Pawan Kumar Goenka has been re-appointed the managing director with additional responsibilities of CEO for a year

Anand Mahindra
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Anand Mahindra

M&M announces board rejig, Anand Mahindra to be non-executive chairman
M&M on Friday announced a rejig of its top management with Anand Mahindra, 64, transiting to the role of non-executive chairman from executive chairman, effective 1 April, 2020. In a statement, the firm said Pawan Kumar Goenka has been re-appointed the managing director with additional responsibilities of CEO for a year, effective 1 April, 2020. Read more

Fitch lowers India GDP growth to 4.6%, says business confidence weakening
Fitch Ratings affirmed India's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook. Fitch said growth will gradually recover to 5.6

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