KPMG in India has appointed its partner Rahul Mitra as head of Transfer Pricing services, with effect from today.
In addition to his new role, Rahul will continue to lead the firm's BEPS (Base erosion and profit shifting) efforts, a company statement said.
Rahul is a veteran tax professional specialising in transfer pricing and International taxation for over 24 years now, KPMG India said.
"Tax services is integral to KPMG India's strategy and we are confident that with Rahul's leadership as well as several other strategic initiatives in the pipeline, it will progress to the next level of growth and expansion," KPMG in India Head-Tax, Girish Vanvari said.
* * * * * *
Motilal Oswal AMC equity AUM rises to Rs 11,000-cr in May-end * Motilal Oswal Asset Management Company's asset base for the equity segment has grown to more than Rs 11,000 crore at the end of May, primarily on account of focused and niche product range.
The fund house's portfolio management services contributed Rs 5,709 crore to the assets base.
"As of May 31, 2016, equity assets under management (AUM) stood at Rs 11,159 crore," the company said in a statement.
The company has achieved this AUM built up with 2 lakh MF folios of which nearly 50 per cent are through systematic investment plans.
"We are in the business to create wealth through equities for our investors and we will continue to remain focused on the same with minimal distractions," Motilal Oswal Asset Management Company MD and CEO Aashish P Somaiyaa said.
* * * * * *
Eros, UCLA School of Theater tie-up to form scholarship fund * Movie production and distribution company Eros International has partnered California-based UCLA School of Theater, Film and Television to create the Eros International Graduate Scholarship Fund.
"The scholarship includes three full-ride graduate scholarships for the school's Master of Fine Arts programs in directing, producing and screenwriting designed to give voice to the unique perspective of Indian women," Eros International said in a statement today.
The scholarship recipients will begin their Master of Fine Arts graduate programme at UCLA School of Theater, Film and Television starting September 2017, it added.
Balaji Motion Pictures CEO Aman Gill resigns
* Media and entertainment firm Balaji Telefilms today said Aman Gill, CEO of its subsidiary firm Balaji Motion Pictures Limited, has resigned from the company.
Balaji's movie business, which currently has two movies under production, will continue to function under its Group CEO Sameer Nair.
*****
Sehwag signs up with Dunamis Sportainment * Former opening batsman Virender Sehwag has entered into a partnership with Dunamis Sportainment.
He has signed up with the sports and entertainment management company to handle all his public appearances and brand endorsements.
CEO of Dunamis Abhishek Misra said: "Viru is one of the most popular cricketers in the country. He has been a dynamic batsman and even today he bags more endorsement deals than most current cricketers, a solid testimony to his timeless appeal."
*****
MakeMyTrip launches three-day sale
* MakeMyTrip today said it has launched a three-day sale till December 8 under which the travel portal will offer attractive discounts for flights, hotels and holiday packages.
'The Cashless Travel Carnival' from December 6-8, focuses on the upcoming high travel season and provides offers and attractive discounts across flights, hotels and holiday packages across platforms - desktop, mobile app and m-site, MakeMyTrip said in a statement.
During the three-day sale, MakeMyTrip will give a flat Rs 12,000 and Rs 18,000 off per passenger on flights to Europe and US respectively.
Besides, customers can avail 20 per cent cashback on Taj Hotel Resorts and Packages.
"In line with the recent demonetisation drive, we have designed this three-day long event to help customers realise the benefits and convenience associated with making bookings online," said Rajesh Magow, Co-Founder and CEO-India, MakeMyTrip.
