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Corporate Corner

Leyland posts record performance With commercial vehicle industry turning around well and recovering strongly during 2017-18, Ashok Leyland, the Hinduja flagship, has maintained market share and has reported record revenue and profit for the full year. Its profit after tax (including exceptional item) grew 28 per cent Rs.1563 crore for 2017-18

Corporate Corner

Star Health – another year of sterling performance It was another year of spectacular growth for Star Health Insurance. The gross underwriting premium income recorded a 40 per cent growth to a whopping Rs 4155 crore. The company continues to be a leader in the health insurance business. While most other general

A record year for Murugappas

With remarkable top and bottom line numbers 2017-18 had been a record year the Murugappa Group. Net sales grew 13 per cent to Rs. 32,893 crore while EBITDA increased 14 per cent to Rs. 4663 crores. The group, comprising 28 businesses, has nine listed companies focusing on agriculture, engineering and

Remembering M V Arunachalam

M V Arunachalam could be termed the most familiar public face of the Murugappa group of companies. Along with his uncles AMM Murugappa Chettiar and AMM Arunachalam, he formed the triumvirate that managed and expanded the group in the initial decades. This post graduate of the Madras University was quite

WALMART WEDS FLIPKART

It is the season for royal weddings. On 19 May 2018, Prince Henry of Wales married Ms. Meghan Markle at St George’s Chapel, Windsor. Elsewhere, the Kart entered the Mart when Walmart entered into wedlock with Flipkart. It may not have captured the same attention as the English wedding, but this marriage

Indian Pilferers League

“There are three kinds of people; the have’s, the have-not’s, and the have-not-paid-for-what-they-have’s,” said Earl Wilson, the American journalist. The aphorism impeccably matches the wicked state of bad loans in the Indian banking system. The country’s bad loans have come within kissing distance of the 10 lakh crore mark! The case of

Boeing partners with HAL and Mahindra

At the Defexpo 2018, Boeing announced a partnership with Hindustan Aeronautics Ltd and Mahindra Defence Systems for manufacturing the F/A-18 super hornet in India. “This partnership brings the best of Indian public and private enterprises together with the world’s largest aerospace company, to accelerate a contemporary 21st-century ecosystem for aerospace

AL eyes bigger pie of defence tenders

With expanding vehicle range, Hinduja flagship Ashok Leyland is equipping itself to bid for a higher share of defence tenders. “We have developed capabilities to bid for 20-25 per cent of the tenders of the Indian Army as against less than one per cent earlier, “said Vinod K. Dasari, MD,

L & T-built defence ship commissioned

The offshore patrol vessel ICGS Vikram, designed and built by Larsen & Toubro, was commissioned into the Indian Coast on 11 April at L&T’s defence shipyard at Kattupalli, near Chennai. The vessel is the first of seven new generation offshore patrol vessels (OPVs) contracted by Ministry of Defence (MoD) to

Corporate News

Vistara comes to Chennai On 15 February Vistara inaugurated daily direct service between Delhi and Chennai. The airlines, a joint venture between Tata Sons (51 per cent) and Singapore Airlines, registered as Tata SIA Airlines Ltd, has arrived into Chennai after three years of commencing operations. In the initial weeks Vistara

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