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

Sugar industry was on a rough patch facing several challenges and Ponni Sugars (Erode) was no exception. India floundered yet again to capitalise on world sugar prices by restricting and rationing export quotas and was lackadaisical to let go a golden opportunity through aggressive exports at lucrative world prices. The price for domestic sugar slid from Rs 3800 per quintal to below Rs 3000 per quintal in Tamil Nadu while the sugarcane price was significantly hiked by both Centre and state. Turnover for the company was Rs 211.12 crore with a profit after tax of Rs 19.11 crore.  Central government decision to decontrol sugar (not sugarcane) and the cogeneration project were the two sugary happenings in the salty year.  PSL’s sale volume declined by 33 per cent due to sluggish market conditions. The persistent drought led to operating at just 50 per cent of the potential.

 

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