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