"Anybody sitting at the top is not going to make much of a change in the culture, except in the long run of five to 10 years"
Thyagarajan has requested Piramal to continue as chairman even after exiting the Group, said the sources
Ajay Piramal, who was named chairman of unlisted Shriram Capital in 2014, is exiting the Chennai-based group after failing to consolidate his holdings into a non-banking financial behemoth.
After the IL&FS episode , funding dried up and there was no disbursal to MSMEs, housing and auto, says Ajay Piramal
Promoters to participate in rights issue of equity shares of Rs 3,650 cr; preferential allotment of Rs 1,750 cr CCDs to Canadian investor CDPQ
The weak performance of property businesses and an acute liquidity crunch were cited as key reasons for rating downgrades
We will have to think of creative ways to encourage demand like the interest subvention in low-income housing loans, he said
The news reports of the proposed sale comes at a time when Shriram Transport failed to get any lenders in the syndication for its bond issue last week
The investment cycle is turning for better and the overall economic sentiment is positive in the country, says Ajay Piramal
The new galleries are spread across the city, and are housed in both residential and corporate complexes promoted by the Piramal group
Piramal is one of the major shareholders, beside Shriram Employees Trust & South African financial conglomerate Sanlam in Shriram Capital
The investments in the country is expected to pick up in near future, with the government spend in the public sector and demonetisation and Goods and Services Tax (GST) to help increase the Gross Domestic Product (GDP) of the country, said Ajay Piramal, chairman of Piramal Group & Shriram Group. He said that the services sector will create more jobs than manufacturing, which has been the way in the past.Speaking to reporters in the sidelines of the 13th annual convocation of Great Lakes Institute of Management, in Chennai, he said, "I think demonetisation and GST will bring in more revenue to the government, that will be used for investment. As the investment goes up, the GDP numbers has to go up, following which business people will be confident of investing in". He said that the private companies will also invest once they see the GDP is going up.The services sector will be creating more jobs than manufacturing in future, considering the capital is limited. There also a need to .
Interview with the chairman, Piramal Group & Shriram Group
The company is planning to launch its housing finance business in four months
Interview with Chairman, Piramal Enterprises
The Union government kept the new name under wraps to avoid any media controversy