BUSINESS
Krea University’s VC Dr Mahesh Rangarajan is stepping down, after a tenure of less than a year
He cited personal reasons for this and said that he will continue his association with the varsity as a Distinguised Visiting Professor
BUSINESS
Sundram Fasteners, Wheels India adhere to TVS Group restructuring accord
The two companies agreed to comply with the arrangement chalked out by the group’s four families to function independently even though they are not part of the non-compete pact.
BUSINESS
CUMI acquires German firm Rhodius at an enterprise value of Rs 464 crore
The acquisition will be done through CUMI Abrasives GmbH, Germany, a step-down wholly owned subsidiary of Carborundum Universal Limited.
BUSINESS
Sundaram Finance Holdings sells Sundaram Clayton stake for Rs 127 crore
With this, SF Holdings’ stake in the Venu Srinivasan- headed Sundaram Clayton stands at 9.74%. SF Holdings also announces a special dividend of 20%. The company reports a 22% increase in consolidated net profit for the quarter ended December 2021.
BUSINESS
Shriram AMC to sell significant minority stake to Mission 1 of US, seeking to expand business
Mission 1 Investments will subscribe to compulsorily convertible debentures (CCDs) and warrants within 18 months at a conversion price of Rs 124.30 per share, a premium of 24% over Tuesday’s closing price.
BUSINESS
Budget 2022: Focus on Make in India continues
The concessional tax regime for new manufacturing companies has been extended, domestic production of solar modules and defence equipment has been given a boost, while various levies have been reduced or raised on some items to aid local manufacturers.
ECONOMY
Economic Survey 2022 | Industry share in gross fixed capital formation dropped in FY20
ECONOMY
Economic Survey 2022 | PLI scheme to attract Rs 19,000 crore investment in textile industry in 5 years
Further in a major support to enhance the competitiveness of the sector, the government notified the setting up of 7 PM mega integrated textiles region and apparel park (MITRA) parks in October 2021 with a total outlay of Rs. 4,445 crore.
BUSINESS
Chemplast Sanmar does well post IPO, reports 48% jump in consolidated PAT
It reported a consolidated PAT of Rs.236.86 crore on revenue of Rs.1,431.68 crore for the quarter ended December, 2021.
BUSINESS
Appeals tribunal tosses out promoter plea against liquidation of Siva Industries
This comes after the NCLT had ordered liquidation in August
BUSINESS
Tube Investments of India sets up new arm to focus on clean mobility
The company is also planning to acquire a 70 percent equity stake in Cellestial E-Mobility Private Limited with an investment of Rs 161 crore.
BUSINESS
Daughter of N. Srinivasan quits as president of Tamil Nadu cricket association
Rupa Gurunath took charge as President of TNCA in September 2019, becoming the first woman to head a state cricket association in India.
BUSINESS
KKR close to buying 10% stake in Shriram Capital for around Rs 2,000 crore, confirms top official
Shriram Capital will dilute its stake before spinning off its insurance business
BUSINESS
Click and mortar: Suguna to sell processed poultry products both online and offline
The company will sell processed poultry products under its newly unveiled brand Delfrez.
BUSINESS
Budget 2022: EV players want government’s actions to follow their stated intent, and closely
While there are policies that provide financial support, they need to be implemented more efficiently
BUSINESS
Liquidity is not the problem in affordable housing, practicalities are: Munuswamy Anandan
Founder of Aptus Value Housing says that the sector is financially well-supported by the government, but the Budget could address regulatory hurdles
BUSINESS
Cement industry grappling with sudden changes, imposed by rains and a virus variant: N Srinivasan
Managing director and vice-chairman of India Cements says that this year had looked promising until infra spending had to be put off and supply chains got disrupted.
BUSINESS
Here’s how Shriram Properties plans to use the funds from its proposed IPO
The upcoming Rs 600 crore IPO has the twin objectives of providing institutional investors a partial exit, while also getting growth funds for the company
BUSINESS
Here’s why an obscure waste-management firm in Chennai has attracted $4.1 billion
Ram Charan’s technology promises to convert unsegregated waste into energy without leaving behind any toxic residue. In a country of 1.3 billion people, with mountains of unsegregated waste, that could be a game changer. US-based fund TFCC certainly thinks so
BUSINESS
Shriram founder Thyagarajan charts out group’s long-term strategy
The announcement comes in the wake of intense speculation that Shriram Capital has been exploring a merger of its two lending companies, Shriram Transport Finance Ltd and Shriram City Union Finance Ltd.
BUSINESS
We’re marathon runners and don’t sprint in the middle of a marathon: Sundaram Finance MD Rajiv Lochan
Sundaram Finance MD Rajiv C Lochan talks to Moneycontrol about the GQP (growth, quality and profitability) trinity, co-lending space, MSMEs and the Chennai-based NBFC’s expansion plans
BUSINESS
TVS Eurogrip signs up for some "yellove", as principle sponsor of CSK for next three years
With this partnership, the tyre brand hopes to deepen and solidify its engagement with a younger generation
BUSINESS
TVS Motor to invest Rs 1,200 crore in Future Technologies and EV, inks pact with TN government
The TVS Motor investment will be mainly for the design, development and manufacturing of new products and capacity expansion in the EV space.
BUSINESS
TVS Supply Chain Solutions picks controlling stake in FIT 3PL Warehousing
TVS SCS has been making headlines for a while now. In the last three months, it has raised nearly Rs 1,600 crore from private investors.
