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Reliance Industries – to be debt free in 18 months!

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 NSE SCAM

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

Corporate Corner

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

Increasing German investments in Tamil Nadu

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.

Corporate Reports – SAIL, Schwing Stetter, TVS Motors

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.

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