Ex-Tata executives start fund to spur change at Indian companies

Mumbai: Some ex-Tata Group executives have teamed up with a veteran investor to seek to bring change at Indian companies, in a rare attempt to influence management in a country where shareholder activism has largely failed to take hold. Former Tata employees including Mukund Rajan and Govind Sankaranarayanan have partnered with Ajit Dayal, the founder […]

Arab Monetary Fund calls for more tax income in Arab nations

Dubai: The Arab Monetary Fund (AMF) called on Sunday for further economic reforms in the Arab world, including cutting energy subsidies and boosting tax revenues. Abdul Rahman Al Hamidy, director general of the Arab Monetary Fund, stressed the importance of economic diversification, saying it was among the most important reforms being implemented by Arab governments. […]