T E Narasimhan
T E Narasimhan
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Carborundam Universal to close Bubble plant and Thukela Refactory in South Africa
Company made $4 million loss in these factories since they were not performing as expected
Govt's interest-free loan will not help sugar industry: ISMA president
A Vellayan says it neither addresses the problem of surplus sugar nor depressed sugar prices
 "Govt's interest-free loan will not help sugar industry: ISMA president")
Renault finds its future in car with 'Indian genes'
Except for a few critical engine components, all other parts for the car have been sourced locally
 "Renault finds its future in car with 'Indian genes'")
I-T department raids Chettinad Group offices, properties
Move comes after Group chairman says Chettinad Cements owes huge sum to commercial tax dept
 "I-T department raids Chettinad Group offices, properties")
Coast Guard aircraft goes missing near Puducherry coast
Reports say three people were on board the missing aircraft
 "Coast Guard aircraft goes missing near Puducherry coast")
Sun TV tanks 22% on reports of govt denying clearance to channels
Stock reacts to reports which stated home ministry not for giving license for Sun TV's 33 channels
 "Sun TV tanks 22% on reports of govt denying clearance to channels")
Robots rising in auto factories but no labour replacement yet
Having a few hundred robots in a car factory is not uncommon
 "Robots rising in auto factories but no labour replacement yet")
BMM Cements plans to raise $33 million from IFC
The investment is part of company's total $104-million fund raising for implementing the turnaround plan
 "BMM Cements plans to raise $33 million from IFC")
A Vellayan: In discomfort zone
His supporters say that A Vellayan, charged by Sebi with insider trading, has a history of clean corporate governance on his side
 "A Vellayan: In discomfort zone")
5 states ban Maggi sale, 2 stop production
Uttar Pradesh, where the Maggi controversy had broken out, is yet to ban the product
 "5 states ban Maggi sale, 2 stop production")
 "Indiaproperty.com to raise $50 million in 3 weeks")
Provision requirement has come down by 87%: HS Upendra Kamath
Interview with MD and CEO of Tamilnad Mercantile Bank
 "Provision requirement has come down by 87%: HS Upendra Kamath")
 "Yamaha gears up to compete for the rural market")
Seven for the road
Hyundai India is reaching for the stars with a spate of new launches. Can its new brands deliver?
 "Seven for the road")
Ashok Leyland will continue to maintain momentum in business transformation exercises: Dheeraj Hinduja
Company draws up road plan to introduce alternate propulsion systems, Euro IV variants & others
 "Ashok Leyland will continue to maintain momentum in business transformation exercises: Dheeraj Hinduja")
Mahindra arm, Sumitomo Corp to set up industrial park in Chennai
Companies to invest about Rs 375 crore
Ashok Leyland's UK arm ropes in former Volvo Truck executive
Alastair Munro joins Optare as director, engineering
 "Ashok Leyland's UK arm ropes in former Volvo Truck executive")
IFC to invest up to $25 million in Kotak's PE fund
Fund will invest in pharmaceuticals, life sciences & healthcare industry
 "IFC to invest up to $25 million in Kotak's PE fund")
Highway riders
Daimler is taking on its European peers by manufacturing premium trucks in India for the local and global market
 "Highway riders")
Daimler inaugurates new bus plant near Chennai
On the occasion, the company premiered its new range of trucks as well
 "Daimler inaugurates new bus plant near Chennai")
