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Consolidating leadership position in smartphones Daimler’s truck exports from Chennai cross 5000 units Is this a generation gap? Last stages L & T’s floating dock for navy Gamesa to set up a plant in Nellore AL wins Deming prize again Yamaha unveils scooter boutique It takes two to tango ITC chairman calls for policy impetus to transform agriculture Hyundai India achieves 7 mn production at Chennai factory HPCL plans Rs.61,000 crore capex over 5-years Sivasankaran enters taxi space to take on Uber and Ola AL introduces Guru & Partner E.I.D Parry (India) Ltd: another sweet year Tata Motors bets on new launches Tata Motors joins compact SUV bandwagon with Nexon Emami – a new growth mantra PPP model for infrastructure development From the toughest to the best year Hyundai to focus on SUVs and AMT variants Wabco launches safety system M & M unveils driverless technology for tractors Smartphone onslaught by Chinese brands L&T profit up by 11 per cent Dish TV – subscriber additions encouraging AL secures orders for 3600 buses The unexpected exit RoC in the dock... Land wars Solar installations exceed 2015 capacity in five months CAPITAL NOTES Hindalco – re-rating Welcome focus to improve rural India... Nissan exit shouldn’t affect ALL Chinese smart phones flourish in small towns too! Smooth sailing of SAIL Ode to Ratan Tata TVS Automobile invests Rs.75 crore in start-up firms When small is not so beautiful… He excels in the nuts and bolts of entrepreneurship Michelin to double Chennai capacity Bajaj Finserv – Q1: fare well Vellayan is back, after 150 days New India Assurance posts impressive show Aurobindo Pharmacy: good turnaround Mercedes-Benz sales continue to zoom Right to privacy – now it’s fundamental! Tata Steel, ThyssenKrupp sign MoU to merge European units 29 per cent jump in TCS revenues PSU non-life firms seek to protect share L&T bags the Mumbai Trans-harbour link order LVB posts 31 per cent growth in Q1 net profit IOB on turnaround path Daimler grows sales and share in India Back in growth mode V-Guard launches app-enabled water heater system Increasing market share TI Cycles plans retail expansion to drive sales for premium bicycles Tata Motors charts investments in PV and CV businesses Are they really independent? Titan Company – sales recovery to kick in Maruti – for young buyers TVS Srichakra plans capacity expansion Preparing for the next growth curve Rane targets Rs.5500 crore topline by 2018-19 TN government keen on revival of operations at Nokia complex Carnival Films acquiring 3000 screens pan India L & T set bigger ambitions in defence business Tata Motors aims to be among the Top 3 global CV & PV firm Singur minus Nano – victory or folly? Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Eyes strong growth in 2016-17 Kone India eyes further growth in elevator market Toyota and Suzuki to introduce EVs in India by 2020 Sundram Fasteners rejigs international A welcome initiative-even critics are recognised Tata gets 4-star rating for Zest Forging industry worried over lower supply of steel and its price The gainers and the losers ITC – steep excise hike Record two-wheeler sales Shriram Life clocks more than Rs.1000 crore premium in 2015-16 Housing demand revival A niche in FMCG business...
 
Sundram Fasteners rejigs international

Leading auto parts maker Sundram Fasteners has restructured its international operations. It has created a new subsidiary Sundram International Ltd, based in the United Kingdom. Its Chinese subsidiary Sundram Fasteners (Zhejiang) Ltd and the UK subsidiary Cramlington Precision Forge Ltd have become subsidiaries of Sundram International Ltd.  As a part of a restructuring, the company also divested

its German subsidiaries, Peiner Umformtechnik, and its affiliates.  SFL posted a net profit of Rs.75 crore for the quarter ended 31 March 2016 compared to Rs.16 crore in the corresponding period of previous fiscal.  Higher operating profit aided by strong top line led to the higher bottom line. Net sales of the company grew 18 per cent to Rs.688 crore from Rs.582 crore in a year ago. Its earnings per share surged to a new high of Rs.10.05 while net worth crossed Rs.1000 crore.


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