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KPMG appoints Rahul Mitra to head transfer pricing biz
June, 08th 2016

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.

 
 
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