Amidst the gloom and lack of enthusiasm for mega growth, Reliance Industries continues to provide room for optimism. Chairman Mukesh Ambani, in his address to shareholders at the AGM, outlined plans for re-structuring the company and for strident growth in several directions. The most interesting one relates to massive investments
The expertise built by TVS over the last seven decades in the transport sector, notably in spare parts distribution and servicing, combined with MC’s global reach, could indeed be a win-win collaboration. TVS Automobile Solutions Pvt Ltd (TASL) is joining hands with Mitsubishi Corporation (MC) of Japan. MC will help TASL
The southern industrial conglomerate, Murugappa Group, recorded a 12 per cent growth in turn over and EBITDA through 2018-19, with revenues at Rs 36,893 crore and EBITDA of Rs 5190 crore. The conglomerate has been engaged in financial services including insurance, fertilizers, sugar, bicycles, auto parts, and abrasives. This diversified
Last year Suresh Krishna handed the mantle of managing Sundram Fasteners to his daughters Arathi (Managing Director) and Arundathi (Dy. Managing Director). The performance of the company under the new leaders has been impressive. The operations recorded a growth of 17 per cent in revenue to Rs 4002 crore. Profit after
The capital market watchdog, the Securities Exchange Board of India (SEBI), has acted tough against the National Stock Exchange (NSE) over an algorithmic trading scam. The order pushes back NSE’s Rs.10000 crore IPO. In five distinct orders, SEBI has punched the NSE, its two former managing directors Ravi Narain and Chitra
The NDA II government has been emphasising the importance of scaling up the size of public sector entities. In the oil sector, the government initiated measures to merge the public sector oil companies to form a mega-corporation that would compare in size with global giants. It made a beginning, merging
Rane Group – Deming Prizes Galore! Vinod Dasari, then Managing Director, Ashok Leyland, once told me: “there are more Deming award-winning companies in an hour’s drive around Chennai than the whole of the US and Europe combined.” Frequently we come across news on Tamil Nadu-based companies emerging as Deming award winners. The
T R Gopalan, Regional Director, Indo-German Chamber of Commerce, mentioned increasing investments from Germany in Tamil Nadu. With the reputation of Germany in engineering excellence there is increasing interest in hi-tech companies setting up manufacturing facilities in Tamil Nadu. The latest is Witzenmann India that opened its production facility at Chromepet.
Improved margins for SAIL The persistent strategic approach helped SAIL to strengthen the EBIDTA to Rs.5184 crore in 2017-18, a substantial increase over 2016-17, said Saraswati Prasad, CMD, SAIL. SAIL achieved its highest ever production of hot metal of 15.983 MT, crude steel of 15.021 MT and saleable steel of 14.071 MT.