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

Reported On :
Sector :
Shoulder :
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
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236