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2 months ago | 
moneycontrol.com | KT Jagannathan
Samsung is in the news yet again thanks to a fresh industrial impasse in its manufacturing unit in Tamil Nadu. The happenings have elicited more than a cursory interest across the business community within and outside the state since Samsung is an iconic global brand. The current face-off between the labour and the management of this MNC (multi-national company) has, predictably, attracted magnified attention.
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Oct 28, 2024 | 
moneycontrol.com | KT Jagannathan
Vijay has sort of positioned TVK against two powerful parties - BJP and the DMK. Elections to the Tamil Nadu Assembly are still some distance away. Yet, the political scene in the state has begun to turn hotter. A new leader has just arrived on the field. Vijay – ‘Talapathy’, or commander, for his fans.
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Oct 17, 2024 | 
businessindia.co | KT Jagannathan
The trademark usage agreement with TAFE dates back to 1994. The first trademark pact was signed in 1974. That allowed TAFE the right to use the MF brand for limited tractors made by Massey Ferguson and their associated components and spare parts in India. The 1994 agreement, however, allowed TAFE to use the MF brand solely for tractors it manufactured or had manufactured for it in India.
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Oct 3, 2024 | 
moneycontrol.com | KT Jagannathan
TAFE has been in alliance with the over $11 billion AGCO Corporation of the US and the Massey Ferguson brand for more than six decades The escalating face-off between TAFE (Tractors and Farm Equipment), the flagship company of the Chennai-based Amalgamation group, and AGCO Corporation of the U.S. is turning out to be a challenging test for India Inc., which has developed a significant propensity to go multi-national.
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Sep 24, 2024 | 
moneycontrol.com | KT Jagannathan
Observers are hoping that the Samsung issue remains quarantined. An industrial strike at the Sriperumbudur facility near Chennai of Samsung Electronics appears to have put the MK Stalin-led DMK Government in Tamil Nadu in an unenviable position. Workers have been on strike since September 9, demanding recognition of their newly-formed union. Besides this, they have also laid out a number of demands, including higher wages and improved benefits.
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Sep 5, 2024 | 
ndtvprofit.com | KT Jagannathan
The promoters of the unlisted Chennai Super Kings Ltd. have increased their stake in the company to 41.65%, up from 28.14% in March 2023. The promoters now hold 15.8 crore shares. They had 8.67 crore shares in March 2023. The equity share has a face value of Rs 0.10 (10 paise). CSK Ltd. is the owner of the Chennai franchise in the Indian Premier League.
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Aug 7, 2024 | 
thehindubusinessline.com | KT Jagannathan
It was inevitable. When it finally happened, however, it threw up a number of questions and possibilities in running a business in India. When a gutsy and ageing N Srinivasan called it quits and sold his India Cements to the Birla-owned UltraTech, it exposed the limitations of a man who dominated the cement field in the south. Why did he give up? Apart from the business and economic reasons, the typical constraints of a family-run business did not help him either.
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Jul 27, 2024 | 
ndtvprofit.com | KT Jagannathan
What will be the impact of UltraTech’s acquisition of India Cements on Chennai Super Kings Ltd., one of the most successful teams in the Indian Premier League? Well, CSK will remain with N. Srinivasan and his family. India Cements was originally the franchise owner of CSK. It was kept as a division of ICL. When a row erupted over the conflict of interest in the wake of N. Srinivasan heading the BCCI, ICL hived off CSK into an independent company in early 2015.
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Jul 27, 2024 | 
ndtvprofit.com | KT Jagannathan
India Cements is an iconic name in the southern part of India. Its history dates back to the pre-Independence era. It was incorporated on Feb. 21, 1946. It was founded by SNN Sankaralinga Iyer and TS Narayanaswami. It had a chance birth. On a visit to the hamlet of Thalaiyuthu in Tamil Nadu one day in 1942, when Sankaralinga stumbled on a stone, he analysed it chemically and found it to be limestone that could make cement. Narayanaswami, an officer in Indo Commercial Bank, became his trusted partner.
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Jul 12, 2024 | 
businessindia.co | KT Jagannathan
ICL was at a disadvantage vis-a-vis its peers, even in the South. It has a lot of legacy plants around it, which are adding up to its production cost, making it uncompetitive in the marketplace. No doubt, ICL has realised this. Based on the advice of a global consultant, the company has already taken steps to modernise its plants – in a calibrated manner, though. That will take a while to show results, however.
What is hurting ICL at the moment? Well, it is unable to push up sales volume.
