TVS Motor acquires 75% stake in Swiss e-Mobility Group (SEMG) for $100 million

TVS Motor acquires 75% stake in Swiss e-Mobility Group (SEMG) for $100 million

In a bid to globalize the TVS group and participate in the $25 billion global e-bike market, TVS Motor Company on Thursday acquired a 75% stake in the Swiss E-Mobility Group (SEMG). Further TVS Motor plans to acquire the remaining 25 percent in the company soon. This is TVS Motor’s second acquisition in Switzerland for FY22. In September 2021,

TVS Motor acquires 75% stake in Swiss e-Mobility Group (SEMG) for $100 million Read More »

Govt extends scope of Advisory Board for Banking and Financial Frauds (ABBFF) to cover all fraud cases involving amount of Rs.3 Crore and above

Govt extends scope of Advisory Board for Banking and Financial Frauds (ABBFF) to cover all fraud cases involving amount of Rs.3 Crore and above

The Central Vigilance Commission (CVC) on Thursday expanded the scope of the Advisory Board for Banking and Financial Frauds (ABBFF), which would now examine bank frauds of Rs 3 crore and above and recommend action. Till now, the ABBFF was only looking into banking and financial frauds of Rs 50 crore and above. The ABBFF

Govt extends scope of Advisory Board for Banking and Financial Frauds (ABBFF) to cover all fraud cases involving amount of Rs.3 Crore and above Read More »

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