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