Tvm: Videocon Group, the leading consumer electronics brand with diversified business interests in white and brown goods, will invest Rs.200 crores in Kerala to set up a state-of-the-art Electronic manufacturing unit. This was announced by Rajkumar Dhoot, MD of Videocon Industries at a function in Thiruvananthapuram to celebrate the completion of 25 years of its operations in Kerala.
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Apollo Tyres declare 50 % dividend, to invest Rs.500 cr this fiscal
Kochi: The 38th Annual General Body Meeting of Apollo Tyres held today in Kochi declared an annual dividend of 50 % for the financial year ending March 31, 2011. The sales have moved up by 55% to Rs.28.2 billion for the first quarter ending June 30. The operating profit increased 20% to touch Rs.2.4 billion while the net profit rose 3.9 % to Rs.771 million during the same period. The company aims to become one of the top 10 global tyre companies in the next five years.
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