Page 6 - T E Narasimhan

Ashok Leyland M&HCV sales grow 32% in January, bus sales falls 79%

Total M&HCV sales dropped by 2 per cent to 6,839 units in January 2021 from 6,949 units, a year ago

Plug-and-play model the missing link in leather, footwear sector: R Selvam

India is the second largest global producer of footwear with 2.6 billion pairs/year in 2019, whereas China ranks first with 13.47 billion pairs

Schools, colleges reopen partially as Tamil Nadu eases lockdown further

Cinema halls at full % capacity, Petrol bunks can function round the clock and swimming pools can be opened

Indian Oil board gives nod for subsidiary to set up Rs 29,000 cr refinery

The 9 MMTPA (Million Metric Tonne Per Annum) refinery will be built at Nagappattinam, with a Polypropylene unit to start with and facility to process crude oil

World Bank's IFC to invest $45 million equity in upGrad Education

upGrad has almost doubled its users in six months and aims to touch 10 lakh by the end of 2021

TVS group board of directors give their nod for 'family arrangement'

The restructuring will give each family group complete ownership of businesses they manage while scrapping the holding company

Tata Electronics, Pegatron among Rs 52,258 cr proposals cleared by TN govt

The cabinet also cleared the government's new industrial policy

Dubai-based Mark ab Capital to infuse Rs 350 cr in Shriram EPC

Mark ab manages $1.09 bn assets under management. It has investments other areas like telecom and real estate as well

Cholamandalam Investment Q3 net up 5% at Rs 409 cr, disbursements rise 6%

AUM up 16% to Rs 75,813 cr; Net NPA without Supreme Court dispensation at Rs 1,404 cr vs Rs 937.9 cr a year ago

Wheels India net profit up 30% at Rs 12 cr in Q3, revenue rises 10%

During the third quarter, the Company began its first shipment of cast aluminum wheels to the US from its newly commissioned plant in Thervoy Kandigai

Automobile industry in India going through structural slowdown: SIAM

The auto industry has been facing headwinds even before the pandemic derailed the entire sector last year

TVS Motor posts highest-ever revenue and profit numbers in Q3 of FY21

During the nine-month period, focused working capital management and improved operating performance helped the Company generate free cash flow of Rs 1,616 crore

PE/VC investments in 2020 at par with 2019 at $47.6 billion, says EY-IVCA

Investments in Reliance Group entities worth S$17.3 billion accounted for 36% of all PE/VC investments in 2020

Sundaram AMC to buy Principal's core businesses for undisclosed sum

Principal Asset decided to exit the asset management business in India

TVS owned-Norton Motorcycles invests in new factory headquarters in UK

The company will open the facility following a multi-million pound investment by Norton's Indian parent firm

Citroen's Chennai unit rolls out C5 Aircross SUV, launch this quarter

The flagship SUV is the first product for Indian customers from the Citroën brand, has been tested on over 250,000 km in different terrains and varied weather conditions

Grinntech starts production of lithium-ion batteries at Chennai unit

Spread over an acre, the plant can produce 400 MWh a year of Lithium-Ion batteries suitable for two- and three-wheelers, farm tractors and light vehicles

Senior TVS family members to file composite amalgamation scheme with NCLT

Group has over 50 firms managed by various branches of the TVS family tree. With time, the members felt ownership of shares in various enterprises should be in sync with their management

Expelled AIADMK leader Sasikala released from prison after four years

Sources said that Sasikala would not be leaving for Chennai today and would continue to undergo treatment at Victoria Hospital in Bengaluru

IIT Guwahati scientists use nature's techniques to harvest water from air

The team has developed novel materials inspired by plants such as lotus and nepenthes, and insects such as the beetle to design a water-harvesting technique from air