February 04, 2021
Posts highest-ever PAT in Q3
Auto parts major Sundram Fasteners said the management has restored the salary of the employees back to pre-Covid-19 levels during the December quarter with improving business conditions.
In view of the impact of Coronavirus pandemic, the salaries were reduced in May 2020.
Supported by strong operating margin, the TVS Group company reported its highest-ever Profit after Tax (PAT) of ₹124.24 crore for the December quarter as against ₹103.06 crores during the same period in the previous year, an increase of 20.6 per cent.
The PAT in third quarter of last year included a one-time reversal of deferred tax provision amounting to ₹41.98 crore, according to a statement.
Mangaluru: No flights - Many people from coastal Karnataka stranded abroad
Tue, Dec 29 2020 09:27:55 AM
Daijiworld Media Network - Mangaluru (SP)
Mangaluru, Dec 29: A number of people from the twin districts of Dakshina Kannada and Udupi are stranded at various points abroad as international flight services have been suspended due to the scare created by the new strain of coronavirus. At present, flights to Dubai, Qatar and Bahrain are operational. Therefore Kannadigas from Saudi Arabia and other countries are finding it impossible to return to their hometowns even if there is an emergency.
Speaking to a Kannada daily, former vice president of NRI Forum Karnataka, Arathi Krishna, said that she has information about a number of people who are finding it hard either to go to India or to return to their work because of absence flights to Saudi Arabia and other countries.
International Kannadigas Federation to run #NRIAPPEALDAY Twitter campaign on January 2
Tue, Dec 22 2020 02:50:03 PM
Daijiworld Media Network – Mangaluru (DV)
Mangaluru, Dec 22: The International Kannadigas Federation, with support of over 120 Kannada organisations from more than 33 countries will launch a day-long Twitter campaign #NRIAPPEALDAY on January 2.
The campaign is launched to draw the attention of the state government towards strengthening the NRI (Non Resident Indian) Forum of Karnataka.
Hidayat Addoor, convenor, International Kannadigas Federation, told Daijiworld, The government should immediately appoint a deputy chairman for NRI Karnataka Forum. The government should appoint an NRI who is aware about the problem of NRIs. This will be helpful for the NRIs as everyone cannot directly reach the chief minister. If the government appoints deputy chairman, it will be easy to convey the issues. On behalf of Kannadigas residing across the globe, we will launch a Tw
MANGALURU: International Kannadigas Federation supported by more than 100 Kannada organisations from 30 countries will launch a day-long Twitter campaign #NRIAPPEALDAY to draw the attention of the state government towards strengthening of the NRI Forum, Karnataka.
Hidayat Addoor, convenor, International Kannadigas Federation told TOI that we have been demanding the government to appoint a deputy chairman to the NRI Forum, Karnataka immediately. “We would prefer if the post is given to an NRI who understands the pulse and grievances of the NRIs. On behalf of Kannadigas residing across the world, we will be launching a Twitter and email campaign on January 2. We will also demand the government to strengthen the NRI Forum Karnataka on the lines of the forum in Kerala, he said.
TVS Group: A smart, bold GenNext helps group adapt to dynamic markets
December 11, 2020
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× The TVS Group’s ownership structure change is expected to give more operational freedom to the current generation of the family to respond faster and better to the dynamic market situation. Family members of this generation who are running the business ages spanning from late 20s to early 50s have already made their mark with significant initiatives.
“The current generation in TVS Group is a sensible bunch of people aware of the fortunes they have inherited. All of them are not just educated well but also have a great exposure to the right kind of consulting or industry verticals and hence they bring in decent experience,” observed a management consultant.