Energy:
A majority of energy is transported through the Strait of Hormuz, located between Oman and Iran and the vital artery for global energy trade,...
Accordingly, SGL has informed that the Daily Contracted Quantity of gas supply shall be provisionally restricted to 50 per cent of the contracted quantity...
Another iconic family-run business of Chennai, the $ 5 billion turnover Murugappa group, is repositioning the leadership of unit companies aligning these with families. Till recently the group had the senior most family member designated as chairman of the group: in the early stages under AMM Murugappa Chettiar (1902-1965) the group entered into a number of foreign collaborations and emerged a large light engineering conglomerate that was nurtured by AMM, his younger brother AMM Arunachalam and their nephew M V Arunachalam. The chairmanship passed on, in due course, to AMM Arunachalam and thence to M V Arunachalam. During the tenure of MVA, the group expanded through acquisitions of the two-centuries’ old EID Parry. This helped it diversify activities to sanitaryware, fertilizers, sugar, confectionary … The baton passed to MVA’s brother M V Subbiah.
TVS Ownership aligned to family units..
TVS. the largest iconic business house of TamilNadu, is recently in the news for re-structuring ownership/management of its unit...
