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