No COVID impact: Fertilizer maker Coromandel posts strong quarter

Coromandel International Limited, which makes the famous GROMOR brand of fertilizers, reported strong financial performance for the Apr-Jun quarter, indicating that farming activity in South India continued apace even during the COVID-19 lockdown. The company reported a whopping 51% jump in its revenue for the Apr-Jun quarter compared to the same three months of 2019. […]

CUMI inaugurates R&D facility in Hosur

Carborundum Universal (CUMI), one of the biggest makers of abrasives, today inaugurated its Research and Development centre in its Industrial Ceramics Division facility in Hosur, Tamil Nadu. The facility is equipped with advanced equipment for material characterization, microstructural analysis, finished component analysis and other critical areas supplementing the existing R&D activity of the unit, said […]

CORRECTED: Murugappa Group withdraws FIPB proposal for sale of TI’s Cholamandalam stake to Sumitomo

The government of India today said that Tube Investments, a part of the Murugappa Group, withdrew its proposal seeking approval for the sale of the 14% equity it held in Cholamandalam MS General Insurance Co to Japan’s Mitsui Sumitomo Insurance Co Ltd. CORRECTION UDPATE: Murugappa Group has clarified that it has withdrawn the application after […]