Lakshmi Vilas Bank Crisis - shareholders vote against reappointment of seven directors LVB HAS BEEN placed under prompt corrective action (PCA) by the RBI. As it was struggling to get out of PCA, it drew an unparalleled ire from the shareholder community. They threw out resolutions relating to the appointment of
NO SMALL JOURNEY FOR EQUITAS SMALL FINANCE BANK FROM A MICRO-FINANCE firm to a bank, it has been quite a journey for Equitas. So much has changed in 23 summers since P N Vasudevan set out to float his own enterprise way back in 2007. Today, this has become a significant
WITH A GRINN (TECH), THEY MOVE FORWARD THESE ARE WELL-KNOWN faces in this part of the country. Dr V Sumantran, an auto industry veteran and Lakshmi Narayanan, former vice-chairman of Cognizant, are on the board of this nascent venture, Grinntech. An investor-backed start-up, this one specialises in lithium- ion batteries for
Real Estate development flourishing in Chennai: Favorable factors for Real Estate flourishing in chennai: 1. Continued growth and expansion of the IT sector not affected by Covid-19 pandemic 2. Pent up demand of the Covid months 3. Steep fall in interest rates for housing 4.Ambitious Government programme assuring hosuing for all with liberal occasions.
In 1979, after two decades of production, Ashok Leyland was still dawdling along with a modest capacity of just around 10,700 medium and heavy vehicles. Capital investments were modest. Sales were at Rs 135 crore and net profit: Rs 6.91 crore. Competitor Tata Motors (then TELCO) had capacity of around
Tamil Nadu was the earliest among states to tackle the Covid-19 pandemic. Chief Minister E K Palaniswami assisted by TN Minister of Health and Family Welfare, Dr Vijaya Bhaskar and a prized team of senior civil servants, acted fast. Capacities available with the government and private hospitals, educational institutions... were