BUSINESS
CSK’s profit drops as costs increase, revenue rises on tournament victory
CSK has landed a license to participate in the Cricket South Africa league in Johannesburg. The first edition of the tournament is likely to take place in January and February 2023.
BUSINESS
TVS Motor buys stake in startup founded by Formula 1 driver Narain Karthikeyan
Incorporated in April 2020, the startup operates a digital platform called DriveX that provides two-wheelers to customers on a subscription model for a flexible tenure and on a purchase model along with ancillary services.
BUSINESS
India Cement rejigs deferred tax computation, posts Rs 76-cr profit in Q1
VC & MD N Srinivasan sees the price, and not availability, of coal as a major issue, going forward.
BUSINESS
'Market corrections return shares to their rightful owners-investors, not traders'
Earlier this February, the US-based Mission1 Investments announced a strategic investment in Shriram AMC to help drive the mutual fund business of the financial services conglomerate.
BUSINESS
Who is Anbu Chezhian, raided by the I-T department on Tuesday?
This is not the first time that the I-T department has raided the premises of Anbu Chezhian. In February 2020, the IT authorities conducted raids on his premises and claimed to have seized Rs 65 crore
BUSINESS
Competition watchdog issues order against Chennai trailer owners
The trailer owners in the southern city had set a cap of 20 trailers that each container freight station could own and operate and also forced them to pay unsustainable freight rates
BUSINESS
Tube Investments acquires Moshine Electronics for Rs 8.64 crore in all-cash deal
The Murugappa Group firm buys 76 percent equity in the start-up that makes camera modules for mobile phones.
BUSINESS
CSK parent buys Johannesburg franchise of South Africa’s new T20 league; IPL team owners buy all six teams
The Wanderers Stadium in Johannesburg, known as the Bullring, will be the home ground of the Johannesburg franchise.
BUSINESS
TI Clean Mobility Agrees to Acquire Stake in IPL Tech for Rs. 246 crore
The proposed acquisition is consistent with the objective of the company to broaden its product and business portfolio to reduce its dependence on existing revenue streams.
BUSINESS
Chennai Super Kings to venture into other sports, South African league
CSK is the only IPL cricket franchisee whose shares are on offer in the unlisted market. CSK’s enterprise value is reckoned to be over Rs 7,200 crore
BUSINESS
Murugappa Group company to launch electric three-wheelers by September
TI Clean Mobility will come out with three variants each in the passenger and cargo segments for electric three-wheelers
POLITICS
OPS, EPS, AIADMK: Making sense of Tamil Nadu's political alphabet soup
The proposal to move away from the two-person leadership concept toward a single-leader system has become a serious bone of contention now.
BUSINESS
Shriram group's two insurance JVs to have independent holding companies: Shriram Capital CFO Subhasri Sriram
The two insurance ventures will be quarantined from each other to avoid adverse cross-effects of business worries.
BUSINESS
Kinetic Green Energy ties up with Cholamandalam Investment for electric vehicle financing
The objective of this alliance is to make Kinetic Green’s battery-operated vehicles affordable for price-conscious buyers with attractive financing solutions
BUSINESS
60 MoUs for Rs 125,244 crore signed at Tamil Nadu Investors’ Conclave
Tata Power, Lucas TVS among seven big companies that signed MoUs. The 60 MoUs are projected to generate nearly 75,000 jobs. CM MK Stalin says Tamil Nadu had moved up to the third spot in the ease of doing business parameter from the 14th
BUSINESS
Siva Industries saved from collapse as top court tosses liquidation order, rebukes tribunal for overlooking creditors wisdom
“Decision of the creditors (to settle up) was taken after ... exercising commercial wisdom. Neither the bankruptcy appeals tribunal nor the lower tribunal was justified in not giving due weightage to the wisdom,” the court says.
BUSINESS
India Cements to raise prices next month, initiates plan to sell land assets
South India’s largest cement producer posted a loss in the fourth quarter of FY22 as volumes dropped and production costs soared.
BUSINESS
India Cements inks MoU with start-up Tvasta for tech tie-up
The two companies will engage in R&D and aim to develop raw material formulations for 3D Printing applications. They will also work closely on key projects that offer cost- and time-effective dwelling solutions.
BUSINESS
All our companies are equally important for us: Ramco Group’s Venketrama Raja
In an exclusive interview with Moneycontrol, the Ramco chairman spoke in detail about Ramco Cements and Ramco Systems, the group’s top revenue earners.
BUSINESS
Wheels India keeps capex plan on course
The company sees clear opportunities, customer demand; also, China de-risking strategy of global companies with cast aluminium business has been an opportunity
BUSINESS
Board clears deck for Tube Investments to foray into new businesses; terminate GDP programme
Company to move into medical devices & instruments, electronic products & components, and energy-related products
BUSINESS
Lakshmi Venu elevated as managing director of Sundaram-Clayton
With this appointment, chairman emeritus Venu Srinivasan has effectively passed the baton on to his children.
BUSINESS
MC Interview | We are a tech-led solution provider in the supply chain area: TVS Supply Chain Solutions’ R Dinesh and Ravi Viswanathan
In a free-wheeling conversation with Moneycontrol, TVS Supply Chain Solutions’ Executive Vice-Chairman R Dinesh and MD Ravi Viswanathan explain how the company’s business works
BUSINESS
Sudarshan Venu takes over as Managing Director of TVS Motor Company
His elevation coincides with the appointment of Prof Sir Ralf Dieter Speth as the Chairman of the company.
