1.
www.csrajivbajaj.com
c
THOUGHT OF THE DAY
“The people who influence you are the people who believe
in you...”
Law Updates:
 The Securities and Exchange Board of India (SEBI) on Sunday said
the action plan for proposed merger of Forward Markets
Commission (FMC) with itself is under works and expressed hope
that the process would be “smooth”. The merger was proposed to
curb wild speculation in the commodities market.
 SEBI clears norms for international finance centres. Norms for
debt-equity conversion, foreign funds eased; municipal bonds
introduced.
 With its focus firm on lifting the manufacturing sector off the
ground, the government has shelved the debate on relaxing the
foreign direct policy (FDI) in the e-commerce segment.
 HSBC Switzerland to clients asked its clients to allow sharing
information with government or finding data in public domain.
PROFESSIONALS INPUTS:
 Listed firms must disclose their board decisions within 30 minutes,
while all other „material information‟ would need to be made public
within 24 hours, SEBI said as it tightened its corporate disclosure
norms and warned of strong penal action for non-compliance.
 Rajasthan government has introduced an amnesty scheme related
to the outstanding demand of Entry Tax vide Notification No.
F.12(17)FD-Tax-2015-240 dated-18.03.2015, where the dealer/
person can save the interest and penalty on the taxes imposed by
the government.
 The Securities and Exchange Board of India (SEBI) has relaxed
norms for conversion of the distressed loans of listed companies
into equity by banks and financial institutions. It has decided to
adopt a fair price mechanism for conversion in place of the current
market pricing formula. The regulator hopes that with the new
system, there will be more corporate debt restructuring.
MARKET WATCH:
SENSEX: 28298.07 36.99 NIFTY: 8575.70 4.80
SILVER: 37478.00 -311.00 GOLD (MCX): 26112.00 -70.00
USD/INR: 62.3 -0.18 CRUDE OIL: 2897.00 -51.00
CS Rajiv Bajaj
9811453353
Bajajr66@gmail.com
youtube.com/csrajivbajaj
https://www.facebook.com/Rajiv
1Bajaj
http://www.csrajivbajaj.com
Date: 23st March, 2015

2.
www.csrajivbajaj.com
Anand Mahindra,
Managing Director & Vice Chairman,
Mahindra & Mahindra Group,
EARLY LIFE-
Anand Mahindra was born on 1st May, 1955 in Mumbai, Maharashtra and belongs
to a famous business family. He is the son of late Harish Mahindra and Indira
Mahindra. In 1977, he pursued a graduate degree at the Harvard College,
Cambridge, Massachusetts. He was a member of the Phoenix S.K. Club. In 1981,
he finished his Masters in Business Administration from the Harvard Business
School, Boston, Massachusetts.
CAREER PROFILE:
In 1981, Anand Mahindra came back to India and joined the Mahindra Ugine
Steel Company (MUSCO) as an Executive Assistant to the Finance Director. In 1989, he became the President of this
leading group and this was when he expanded the company into the sectors of real estate development and
hospitality. In 1991, he was assigned the duty of Deputy Managing Director of Mahindra & Mahindra Group. He took
the responsibility as the Managing Director of the business in 1997 and became the Vice Chairman in 2003. Besides
this, he was a Co-Promoter of Kotak Mahindra Finance Ltd., and transformed it into a bank in 2003. Kotak Mahindra
Bank is now one of the leading banks in the private sector. It was under Anand's management that his group
successfully set up global objectives and standards for achieving success. In the year 2002, the Mahindra & Mahindra
Group introduced an indigenously developed SUV, the Scorpio, which built positive impressions for the company and
helped give it a global identity. Thus, the company has developed through both acquisitions and Greenfield business
development. The company's possession activities include the possession of Satyam Computer Services in 2009, Reva
Electric Vehicles in 2010 and Ssangyong Motor Company in 2010.
Anand has been the past President (2003-04) of the Confederation of Indian Industry and has also served the
Automotive Research Association of India (ARAI) as its President. Anand Mahindra is the Co-Founder of the Harvard
Business School Association of India, which is an association devoted to the advancement of professional
management in India. He is also the Co-Chairperson of the World Economic Forum at Davos. Mr. Anand is a Director
of the National Stock Exchange of India Limited selected under the 'Public Representatives' category. Along with this,
he is the Trustee of the K.C. Mahindra Education Trust, which offers scholarships to students and he also on the
Board of Governors of the Mahindra United World College of India. He is the Chairman of the National Safety Council
of India and is the Founder Chairman of the Mumbai Festival, which began in 2005. This occasion was the first
inclusive festival to celebrate the opulent cultural diversity of Maharashtra. Anand Mahindra is the Co-Chairman of
the International Council of Asia Society, New York.
AWARDS & ACHIEVEMENTS:
Anand Mahindra was honored as the Knight of the Order of Merit by the President of the French Republic in 2004
and also received the Rajiv Gandhi Award for his outstanding contributions to the business field. It was in 2005, when
he was awarded the Person of the Year award from Auto Monitor and the Leadership Award from the American India
Foundation for the commitments to corporate social responsibility met by him and the Mahindra & Mahindra Group.
In 2006, he received the CNBC Asia Business Leader Award and the Ludhiana Management Association presented
him with the Entrepreneur of the Year Award. In 2007, he received the honor/title of the 'Most Inspiring Corporate
Leader of the Year' from NDTV Profit. He has been entitled as the Business Leader of the Year (2008-2009) by the
Economic Times Awards. Recently, Anand was ranked as one of the most influential men & women in Mumbai by
Daily News and Analysis.
Anand Mahindra contributed $ 10 million to the Harvard University in the name of his mother, Indira Mahindra for
supporting the Humanities Center. This huge amount was contributed for the advancement of the distinctive
interdisciplinary alliances led by the Director of the Humanities Center, Homi Bhabha. Under Anand's supervision,
the company opened a new and separate field, Mahindra Systems and Automotive Technologies to lay emphasis on
enhanced modules and to offer better engineering services. Apart from this, the firm has made strategic acquisitions
of plants in the United Kingdom and China. It has three assembly plants in the United States of America and has
collaborated with international companies like Renault SA, Nissan and the International Truck and Engine
Corporation, USA.