More than 2.12 lakh two wheelers, cars and sports utility vehicles have been recalled between January August by more than a dozen manufacturers that make scooters, sedans, hatchbacks and luxury car models. As a result only less than half of the total recalls seen by the industry this year is available on the SIAM website.But, with the adoption of the new Motor Vehicle Act that was brought into force from September 1, it will become difficult for automotive companies to avoid making an announcement of recalls as the Centre will keep a record of it. The Motor Vehicle Act has been in the news for prescribing multi fold increase in fines for driving habits, drivers and vehicle owners.”Where a manufacturer notices a defect in a motor vehicle manufactured by him, he shall inform the Central Government of the defect and initiate recall proceedings and in such case the manufacturer shall not be liable to pay fine,” states the Act.Moreover, the act empowers the government to direct manufacturers to enforce a recall in the event of a failure on part of the manufacturer to do so.
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Having women on a company board of directors leads to better stock market returns and that information institutional investors can use when deploying their portfolio strategies, a new report prepared by CIBC World suggests.Based on CIBC data over an eight year period, S companies with women on the board an annual 11.1 per cent compounded return, more than 300 bps (basis points) of outperformance compared to the zero female board member groups, the report declares.Canadian investors and other stakeholders, however, need to push for more female representation on corporate boards to even reach diversity levels evident in other jurisdictions, such as the United States, says the report, titled The Harsh Truth. They note that at least 20 per cent of Canadian, tech, and energy companies have no women on their boards. But their report finds Canadian companies lag behind similar firms in the United States.
To play Devil Advocate, or Trump conscious, destabilizing Europe may not actually be a concern. Trump has made clear how he feels about NATO and its related institutions, such as the EU. Everything is zero sum to Trump and because of that I think a weaker Europe equates to a stronger US in his eyes.
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