Ad Here  
January
February
March
April
May
June
 
 
Are they really independent? A welcome initiative-even critics are recognised Tata Motors joins compact SUV bandwagon with Nexon Tata Motors aims to be among the Top 3 global CV & PV firm Sivasankaran enters taxi space to take on Uber and Ola Bajaj Finserv – Q1: fare well TI Cycles plans retail expansion to drive sales for premium bicycles Right to privacy – now it’s fundamental! Ode to Ratan Tata The unexpected exit L&T profit up by 11 per cent Is this a generation gap? He excels in the nuts and bolts of entrepreneurship L & T’s floating dock for navy Eyes strong growth in 2016-17 Dish TV – subscriber additions encouraging Tata Motors charts investments in PV and CV businesses The gainers and the losers Daimler grows sales and share in India Record two-wheeler sales Daimler’s truck exports from Chennai cross 5000 units ITC – steep excise hike TN government keen on revival of operations at Nokia complex Tata gets 4-star rating for Zest Rane targets Rs.5500 crore topline by 2018-19 Preparing for the next growth curve L&T bags the Mumbai Trans-harbour link order AL introduces Guru & Partner Consolidating leadership position in smartphones Vellayan is back, after 150 days Kone India eyes further growth in elevator market AL wins Deming prize again L & T set bigger ambitions in defence business Tata Motors bets on new launches Shriram Life clocks more than Rs.1000 crore premium in 2015-16 CAPITAL NOTES Smartphone onslaught by Chinese brands Carnival Films acquiring 3000 screens pan India Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Solar installations exceed 2015 capacity in five months Gamesa to set up a plant in Nellore Welcome focus to improve rural India... M & M unveils driverless technology for tractors AL secures orders for 3600 buses Forging industry worried over lower supply of steel and its price RoC in the dock... Back in growth mode PSU non-life firms seek to protect share From the toughest to the best year 29 per cent jump in TCS revenues Housing demand revival Aurobindo Pharmacy: good turnaround Sundram Fasteners rejigs international IOB on turnaround path Singur minus Nano – victory or folly? TVS Srichakra plans capacity expansion Titan Company – sales recovery to kick in Hyundai to focus on SUVs and AMT variants HPCL plans Rs.61,000 crore capex over 5-years Hyundai India achieves 7 mn production at Chennai factory Michelin to double Chennai capacity ITC chairman calls for policy impetus to transform agriculture E.I.D Parry (India) Ltd: another sweet year PPP model for infrastructure development When small is not so beautiful… Toyota and Suzuki to introduce EVs in India by 2020 Mercedes-Benz sales continue to zoom Wabco launches safety system V-Guard launches app-enabled water heater system A niche in FMCG business... Hindalco – re-rating LVB posts 31 per cent growth in Q1 net profit Yamaha unveils scooter boutique Maruti – for young buyers Smooth sailing of SAIL Increasing market share Tata Steel, ThyssenKrupp sign MoU to merge European units Chinese smart phones flourish in small towns too! Last stages It takes two to tango TVS Automobile invests Rs.75 crore in start-up firms Land wars New India Assurance posts impressive show Emami – a new growth mantra Nissan exit shouldn’t affect ALL
 
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 :
RELATED NEWS
ABOUT IE
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
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com