Chola MS targets Rs.2,500 crore premium by 2014-15
September 3rd, 2012 - 9:11 pm ICT by IANS
Chennai, Sep 1 (IANS) City-based Cholamandalam MS General Insurance Company (Chola MS) is targeting a premium of Rs.2,500 crore by fiscal 2014-15, a top company official said Monday.To achieve this, ... Read more...
Posted in Business |
Tube Investments of India net down Rs.11.59 crore
August 6th, 2012 - 8:17 pm ICT by IANS
Chennai, Aug 6 (IANS) City-based multi-product company Tube Investments Monday announced a Rs.11.59 crore fall in net profit in the first quarter of the current fiscal as against corresponding period ... Read more...
Posted in Business |
Tube Investments to acquire Shanthi Gears for Rs.292 crore
July 13th, 2012 - 6:06 pm ICT by IANS
Chennai, July 13 (IANS) Multi-product company Tube Investments of India (TI), part of the $4.4 billion Murugappa Group, Friday announced plans to acquire promoter holdings of gear maker Shanthi Gears."We ... Read more...
Posted in Business |
Murugappa group plans Rs.1,000 capex in 2012-13
May 10th, 2012 - 9:37 pm ICT by IANS
Chennai, May 10 (IANS) The Chennai-based Rs.22,314 crore-turnover industrial conglomerate Murugappa group is planning to spend around Rs.1,000 crore capex this fiscal in expanding its various businesses while looking out ... Read more...
Posted in Uncategorized |
Tube Investments logs 37 percent net profit growth
April 30th, 2012 - 9:31 pm ICT by IANS
Chennai, April 30 (IANS) City-based multi-product company Tube Investments of India Ltd. (TII) closed last fiscal with 37 percent growth in its consolidated net profit, and the company's Board of ... Read more...
Posted in Business |
Tube Investments eyes Rs.500 crore revenue
December 7th, 2011 - 5:16 pm ICT by IANS
Chennai, Dec 7 (IANS) Multi-product company Tube Investments of India Ltd is confident of sizeable orders from oil exploration, packaging and can manufacturing sectors for its industrial chains next fiscal ... Read more...
Posted in Business |
TI to double turnover in cycle segment
September 30th, 2011 - 7:47 pm ICT by IANS
Shimla, Sep 30 (IANS) The Tube Investments of India Ltd (TI), a unit of the $3.8 billion Chennai-based Murugappa group, is aiming to double its turnover in its cycle segment ... Read more...
Posted in Uncategorized |
Tube Investments closes first quarter with Rs.50 crore net
August 1st, 2011 - 6:53 pm ICT by IANS
Chennai, Aug 1 (IANS) City-based diversified engineering company Tube Investments of India Ltd (TII) closed the first quarter this year with an after tax profit of around Rs.50 crore on ... Read more...
Posted in Business |
TI Cycles pedalling up the value chain
March 25th, 2011 - 3:43 pm ICT by IANS
Chennai, March 25 (IANS) Following a strategy of moving up in the bicycle value chain and marketing a product in varied price points, the city based Tube Investments of India ... Read more...
Posted in Business |
Tube Investments posts higher turnover, profits
January 29th, 2011 - 9:26 pm ICT by IANS
Chennai, Jan 29 (IANS) Backed by all-round growth, Tube Investments of India Ltd closed the third quarter of the current fiscal with a turnover of Rs.749 crore and a net profit of ... Read more...
Posted in Business |
TI Cycles launches two premium bicycles
October 29th, 2010 - 8:07 pm ICT by IANS
Chennai, Oct 29 (IANS) TI Cycles, the bicycle division of diversified engineering company Tube Investments, Friday launched two new models, GT and Mongoose, to strengthen its presence in the premium segment.The GT ... Read more...
Posted in Business |
Murugappa group not to exit insurance business
May 6th, 2010 - 9:56 pm ICT by IANS
Chennai, May 6 (IANS) City-based Murugappa group has no plans to exit non-life insurance business transacted by Chola MS General Insurance Company, a top group official said Thursday.
"We will continue with the ... Read more...
Posted in Business |
Chola DBS to raise Rs.100 cr offering fresh equity
April 5th, 2010 - 4:03 pm ICT by IANS
Chennai, April 5 (IANS) The Board of city-based non-banking finance company (NBFC) Cholamandalam DBS Finance Ltd (Chola DBS) is planning to raise Rs.100 crore from the International Finance Corporation (IFC) by issuing ... Read more...
Posted in Business |
Murugappa to buy out DBS stake in Chola DBS Finance
March 30th, 2010 - 8:23 pm ICT by IANS
Chennai, March 30 (IANS) City-based Murugappa group has decided to buy out DBS Bank's 37.48 percent stake in Cholamandalam DBS Finance Ltd (Chola DBS), a non-banking finance company (NBFC).
Two Murugappa group companies ... Read more...
Posted in Business |
Murugappa group acquires French firm for 6.8 million euros
February 12th, 2010 - 10:14 pm ICT by IANS
Chennai, Feb 12 (IANS) The city-based $3.14 billion industrial conglomerate Murugappa group has opened the year 2010 with a French acquisition.
The Group company Tube Investments of India Ltd (TII) Friday acquired controlling ... Read more...
Posted in Business |
Chola MS gets Rs.50 crore as additional capital
February 5th, 2010 - 7:47 pm ICT by IANS
Chennai, Feb 5 (IANS) City-based non-life insurer Cholamandalam MS General Insurance (Chola MS) has got a fresh capital infusion of Rs.50 crore.
"We have got an additional capital of Rs.50 crore," managing director ... Read more...
Posted in Business |
BSA Motors launches its new electric scooters at Delhi Auto Expo
January 8th, 2010 - 2:02 pm ICT by ANI
New Delhi, Jan 8 (ANI): BSA Motors, a strategic business unit of Chennai-based and Murugappa owned Tube Investments of India (TII) launched its next generation electric scooter named 'Edge' at the Auto ... Read more...
Posted in National |
BSA Motors unveils electric scooters in Delhi
October 6th, 2009 - 9:58 pm ICT by IANS
New Delhi, Oct 6 (IANS) BSA Motors, part of the Chennai-based Tube Investments, Tuesday unveiled five models of its electric scooters here.
The models, priced in the range of Rs.19,450 and Rs.27,200 (ex-showroom ... Read more...
Posted in Business |
Import substitution should be the mantra: Chidambaram
September 21st, 2009 - 10:58 pm ICT by IANS
Chennai, Sep 21 (IANS) It is an "old mindset" that secrecy would be compromised if the Indian private sector is involved in the supply of defence equipment, which was hampering import ... Read more...
Posted in Business |
Tube Investments may exit China
September 4th, 2009 - 7:10 pm ICT by IANS
Chennai, Sep 4 (IANS) Cycle and engineering products manufacturer Tube Investments may exit China, where it manufactures cold drawn welded (CDW) tubes, if it does not find a local partner, a top ... Read more...
Posted in Business |
Tube Investments seeks partner for Chinese unit
July 31st, 2009 - 4:27 pm ICT by IANS
By Venkatachari Jagannathan
Chennai, July 31 (IANS) Bicycle and engineering product manufacturer Tube Investments (TI) is looking at various options, including tying up with a new company, to save its loss-making Chinese unit. ... Read more...
Posted in Business |
Murugappa group to invest Rs.586 crore this fiscal
May 5th, 2009 - 8:53 pm ICT by IANS
Chennai, May 5 (IANS) The Rs.15,646-crore ($3.15-billion) Murugappa group will invest Rs.586 crore in its existing businesses this fiscal, said senior company officials here Tuesday.
"The investments will be towards completing the existing ... Read more...
Posted in Business |
Tube Investments to sell Rs.200,000 bicycle
March 25th, 2009 - 9:29 pm ICT by IANS
Chennai, March 25 (IANS) Bicycle and engineering product manufacturer Tube Investments (TI) Wednesday said it will sell premium bicycles that cost up to Rs.200,000.
"We will sell bicycles ranging between Rs.17,500-200,000 and accessories ... Read more...
Posted in Business |
Tube Investments to supply car doors for Nano from Pune plant
November 11th, 2008 - 4:21 pm ICT by IANS
Chennai, Nov 11 (IANS) Tube Investments of India (TI), a Rs.17.82-billion multi-product firm, has announced it will supply door frames to Tata Motors' small car Nano from its Pune manufacturing facility.With Tata ... Read more...
Posted in Business |
BSA Motors launches largest range of eScooters in India
November 10th, 2008 - 9:41 pm ICT by ANI
Chennai, Nov 10 (ANI/Business Wire India): BSA Motors, a Strategic Business Unit of Tube Investments of India (TII), part of the Rs.9582 crore (USD 2.4billion) Murugappa Group, launched five models of ... Read more...
Posted in National |
Tube Investments enters electric bike segment
November 10th, 2008 - 6:25 pm ICT by IANS
Chennai, Nov 10 (IANS) Tube Investments of India (TI), a Rs.17.82-billion multi-product company, entered the nascent electric scooter market with its subsidiary BSA Motors launching five models here Monday. "BSA Motors will ... Read more...
Posted in Business |
Promoters raise stake in Tube Investments
July 3rd, 2008 - 7:17 pm ICT by IANS
Chennai, July 3 (IANS) Promoters of the city-based Murugappa Group have increased their stake in their flagship company, the Rs.17.62-billion Tube Investments of India Ltd (TI), to a controlling 51.64 percent. The ... Read more...
Posted in Business |
Techies on bicycles, Quintegra chants green mantra
June 21st, 2008 - 11:15 pm ICT by IANS
Chennai, June 21 (IANS) For Quintegra Solutions, even an employee motivation programme is part of its pro-environment campaign. Instead of taking its employees to any picnic spot, the city-based IT services company ... Read more...
Posted in Environment |
TI to peddle premium cycles for niche market
June 18th, 2008 - 8:06 pm ICT by IANS
By Venkatachari Jagannathan
Chennai, June 18 (IANS) The Rs.23.48-billion Tube Investments of India Ltd (TI) is negotiating with three foreign companies to enter the ultra premium cycle segment - price range starting ... Read more...
Posted in Business |
E-bike makers foresee big market, adopt different planks
June 15th, 2008 - 3:08 pm ICT by IANS
Chennai, June 15 (IANS) The nascent electric two-wheeler segment, currently estimated at Rs.4.5 billion, is set to grow this fiscal, say manufacturers. But while all are now stepping on the gas to ... Read more...
Posted in Business |
Tube Investments to launch electric scooters
June 12th, 2008 - 10:23 pm ICT by IANS
Chennai, June 12 (IANS) Tube Investments of India Ltd, part of the Rs.95.82 billion ($2.3 billion) Murugappa group, inaugurated its new electric scooter plant here Thursday. Tube Investments manufactures cycles, automotive and ... Read more...
Posted in Business |
Murugappa Group plans Rs.13 bn investment
May 5th, 2008 - 11:21 pm ICT by admin
Chennai, May 5 (IANS) The $2.4 billion Murugappa Group Monday announced it would invest around Rs.13 billion ($325 million) in capacity build-up in the current fiscal. "Around Rs.7 billion of that will ... Read more...
Posted in Business |
Tube Investments registers profits
May 2nd, 2008 - 6:23 pm ICT by admin
Chennai, May 2 (IANS) Bicycle and engineering products company Tube Investments of India Limited (TI) has closed FY08 with a revenue of Rs.17.62 billion and a net profit of Rs.565 million. The ... Read more...
Posted in Business |
Tube Investments to make car door panels for Tata Nano
February 15th, 2008 - 3:36 pm ICT by admin
Chennai, Feb 15 (IANS) Tube Investments of India Ltd (TIIL) is building a plant in West Bengal's Singur to supply car door panels for Tata Motors' $2,500 Nano, unveiled last month as ... Read more...
Posted in Business |