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

 

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