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TVS Motor surges 6%, nears 52-week high after huge block deal

From a small village in Tamil Nadu to the US: how a pottery-making group of women became global sellers

From a small village in Tamil Nadu to the US: how a pottery-making group of women became global sellers 268 Shanthi started a self-help group with an aim to revive the traditional art of pottery making and market it better to generate more income. In  Tamil Nadu s Tirunelveli district lies Kooniyoor, a small village marked by kaccha roads and dotted with small brick houses. Like most villagers in the state, many women here have never stepped outside their state and some haven’t even been to Chennai. However, their talent and skills have gone global and their handcrafted traditional pots are being exported to the US.

TVS group board of directors give their nod for family arrangement

The board of directors of the $8.5 billion TVS Group s holding companies have approved the so-called memorandum of family arrangement (MFA) between various members of the TVS family. Present shareholders of the holding companies primarily consist of third and fourth generation family members of TVS Group founder T V Sundaram Iyengar. The group currently has over 50 companies that have been traditionally managed by members of different branches of the TVS family. Over the time, various members of the TVS family felt that the ownership of shares in various businesses should align with the management of respective businesses. The arrangement according to the MFA is envisioned to bring about amity and maintain goodwill among members of the TVS family. Family members said this will preserve memories of TV Sundaram Iyengar.

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