TVS Motor, the flagship of the $ 8.5-billion TVS Group, exports to more than 60 countries. The company had recently appointed Timothy (Tim) Prentice as V-P, design.
The Covid-19 crisis struck in the middle of the process to merge Allahabad Bank with Indian Bank, forcing us to bring to bear all the experience and skills one had acquired over the years. For this expertise, I would like to
Despite the pandemic showing no signs of ending, TVS Motor Company has reported that it has been witnessing an increase in export demands for West Asia with customers leaning towards premium products more and more.
The company has started its first offshore completely knocked-down (CKD) plant in Argentina in September last year and plans to set up three more plants in Thailand, Brazil, and Columbia.
Though the wholesales of two-wheelers had clocked a low double-digit growth of 10.20% in February, the Society of Indian Automobile Manufacturers (Siam) said it is still lower than the sales recorded in February 2018.
The petition also alleges that the structure and manner of holding of some of the companies has been altered without the consent of the petitioners, without them being informed and with malafide intent to partition the group
The Chennai-based offshore drilling contractor, which has been in a financial mess for quite some time, will seek shareholders' approval to divest the assets at an emergency general body meeting (EGM) on March 29.
On the synergy of the existing business lines with the new venture, Subbiah said that the company wants to reduce dependence on just the automotive industry.
During the third quarter last year, Royal Enfield had launched the Meteor 350, an easy and accessible cruiser in India and across Europe, Thailand and Australia.
Private sector lender City Union Bank (CUB) said the bank has identified accounts worth Rs 1,037 crore for restructuring during the fourth quarter of the current fiscal.
In December, we touched the pre-Covid level, and November was also okay. Overall, for the third quarter, I would say the collection efficiency was close to the pre-Covid levels.
Indian Bank is looking at diversifying loan growth across sectors and geographies by targeting manufacturing, service and infrastructure companies with good rating.
According to a stock exchange filing by the group on Thursday, the new arrangement will not affect the management and functioning of the company in any way, and business would continue without impacting any of the stakeholder
The bank’s MSME portfolio is of Rs 65,176 crore (17.34 lakh accounts), which is 18% of total advances portfolio. During the first half of 2020-21, the MSME portfolio had grown by 14.73%.
Speaking to FE over phone, Arunachalam said that the restructuring exercise has been done to safeguard the Murugappa family's interests, rather than protecting the interest of the shareholders.
NV Balachandar, president, HR, CSR and communication, ALL, told FE the objective of the VRS is to scale down the team, bring in efficiency and ensure executives do more value-added work.
The move comes close on the heels of the buyout of 50% equity stake held by IHH Healthcare (IHH), in Apollo Gleneagles Hospital, Kolkata (AGHL), a joint venture (JV) in which Apollo Hospitals group was holding a 50% equity st
Many of the depositors could not withdraw money due to technical glitches and were told that the software was still to be re-calibrated to meet the curtailed withdrawal norms.
Many NBFCs like Cholamandalam Investment and Finance, Shriram Transport Finance and Shriram City Union Finance have done well on the collection front, especially after the lifting of the moratorium by August 31, thanks to the
The bank said last week that a minor incremental due diligence which was requested by Clix Group had been completed and both the sides were in the process of finding a workable and mutually acceptable framework.
Mahadevan says that as demand grows, plant utilisation will also increase. When that happens, not only the volume performance, but the operational performance of the company will also improve.
After the moratorium period, accounts covering exposure of 94.53% to cash credit accounts (CC a/cs) or short-term loans and 85.70% to term loan accounts, totalling 90.52% of exposure, received payments.
Under the invention, the volume of searched content gets expanded by including content written in different languages thereby potentially presenting a user with more relevant search results.
The Chennai-based two-wheeler and three-wheeler major is also looking at investing Rs 40 crore in its recently-acquired Britain's legacy brand Norton and around Rs 50 crore in TVS Credit Service, its lending arm.
On the rights issue, Sinha said the bank is readying all the papers. “Our merchant banker is on the job and will come back with its recommendations. Following that, we will decide on the ratio and the amount.”