Ad Here  
July
August
September
October
November
December
 
 
ISRO's 100th mission Business Breif Gem of social service... Is Indian telecom industry heading for a monopoly? Changing dynamics in human resource management CUB: towards card-less withdrawal Realising double digit growth in Tamil Nadu Dynamic e-commerce scenario On the ‘milky’ way Smart controls for cooling large multi-zone spaces ... Industry-well poised to invest on expansion Investor friendly Japan European crisis is a global crisis! People Flow Day- Safety STFC raises money Inclusive and forward moving... Airlines wage price war Schwing Stetter India joins hands with US-based Gomaco Economic issues take a back seat at G20 summit Backpack laboratory Striking cords for 25 years… ALL to launch electric busses Research needs more funding Reality bytes Innovation that helped Chennai port Climate change may change the way businesses work... Focus on self-certification and third party inspection Downsizing spree... ECGC expands operations OBO Bettermann for better lightning protection Holiday Inn opens in OMR Chennai Chennai will soon get its World Trade Centre LVB gears to become a financial supermarket Creating Tamil Nadu Banana brand World labour laws at a glance Applauding enterprise... Brand leaders come forward... Time to fast-pace the logistics sector Chola MS launches motor app TII-challenging year with flat growth ALL – truck industry is recovering from degrowth TN budget pragmatic and moderate on fiscal deficit Murugappa- a year of consolidation TiE applauds innovative entrepreneurs Digital retail transactions stabilise at higher level… A global plastic event in India Automotive Vision Plan II... Placing the right shoe forward... Auto test tracks launched at GARC Oragadam campus Techies trip to India Connecting the unconnected ALL-two launches in a row TVS Logistics – another acquisition to sharpen the business model Chola MS net crosses 100 crores Hyundai excites again Durga - India’s largest blast furnace; now operational Carrefour’s quick exit Nothing to hide... Veritas Finance- financing the unfinanced Purdue and IIT-M sign the dotted line Steel loses its sheen BRICS development bank Hero Motocorp - smooth ride TII’s single largest investment at Thiruthani - Need to focus on ease of doing business... Waste, a gold mine IFCI to raise NCDs upto Rs 2000 crore The new look- 4s Verna Pharma market dozes Housing Innovation Challenge, 2015 Big-ticket investments march towards Punjab TCS’ revenues cross Rs 100,000 crore Bridging the skill deficit in pharma industry Business Briefs Well-refined – RIL’s refinery margins zoom Make way for the new and dynamic railways Strategy war escalates between Hero and Honda Illicit markets a concern to growing economy Chennai to get a roundabout Metro Scoot offers just Rs.13,500 to ANZ... Secured NCDs from Shriram City Three more leather clusters… Nigeria comes nearer Rating of states to be released soon Tata Steel commence operations at Kalinganagar Chennai Port is at last decongested! Indian Bank – global businesses crosses Rs 3 lakh crore... When Centre visits the state Economic, business and social sustainability Adding Zest to Scooty An aerospace-defence cluster in Tamil Nadu… Flexible labour laws… WABCO’s second Chennai plant Celebrating 180 years of relevance Apple maps – finding its way SumInfra- corridor based development... Curbing steel imports will hurt small business... AirAsia India infuses funds to fight out competition Ridley marathon to India An American alliance in the chemical industry? Towards peace of mind More gensets and diesel engines from TAFE TOP 10 CEO Compensation Celebration time at MS Chola Realty sector takes a break... Indigo stays leader with 40 per cent share Four daughters and a proud father Sun Edison launches solar pumps Blue Star plans a new plant in south
 
Murugappa- a year of consolidation
Recording a growth of 11 per cent in turnover to Rs 26,926 crore and a PAT of Rs 1283 crore, the Murugappa group, after a year of consolidation, can pat itself on its back. Financial services and manufacturing  contributed to profits.

Cholomandalam Investment and Finance Company registered a growth of 13 per cent. “We focused on operation, cash flow and consolidation to ensure better capacity utilisation and to prepare Murugappa for the next phase of growth,” stated M M Murugappan, Vice Chairman. The company made capital expenditure of Rs 229 crore to expand, debottleneck and modernise facilities.  

EID Parry acquired the balance 3.4 per cent shares from Parry Phytoremedies Pvt., Ltd. The South African operations of Carborundum Universal were shut down owing to labour problems and  increasing power costs.

TII is to set up a new plant in Punjab at a cost of Rs 95 crore. The first phase will have a capacity of 1.5 million, which will go on stream in the early part of the next financial year.

The company plans a capex of Rs 250 crore in 2015-16.

 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com