Shanthi Gears posts 9 per cent rise in Q2 net

Murugappa Group company Shanthi Gears has recorded a nine per cent rise in net profit at Rs 6.73 crore for the second quarter ending September.
In a filing in the BSE, the Tamil Nadu-based company said it had made a net profit of Rs 6.17 crore during the corresponding period in the previous financial year.
Total income from operations for the three month period ending September 30 rose to Rs 50.85 crore from Rs 46.92 crore registered during the year ago period.
Stating that it focussed on improving its operational efficiencies, the company said, specific cost reduction initiatives resulted in "higher profitability".

The current order book size of the company was Rs 112 crore, it said.
The company continues to remain focused on expanding its customer base, enhancing its service network and improving its operating efficiency through investments in modern technology equipment, it said.

Shares of the company ended at Rs 127.60 apiece today, down by 1.24 per cent over the previous close in BSE.
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Amazon.In offers 999.9 purity gold coins from MMTC-PAMP * Amazon Fashion has tied -up with MMTC-PAMP and Kundan Refinery to offer 999.9 purity wide selection of gold and silver coins this Dhanteras, considered an auspicious occasion to buy precious metals.

Through this partnership with MMTC-PAMP and Kundan Refiner, Amazon.In has become the first platform to offer 999.9 purity gold and silver coins across different denominations, the company said in a release.
"We have been continuously innovating on behalf of our customers to offer reliable, seamless and fast delivery options," Amazon Fashion, India, Head, Arun Sirdeshmukh said.
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With this launch, Cinepolis' presence in Hyderabad has increased to 16 screens across three properties, the company said in a statement.

Continuing with its pan-India growth, Cinepolis is aggressively expanding its footprint across the country, with a total screen count of 292.
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Van Heusen partners Amazon for launch of 'My First Formal' * Apparel brand Van Heusen has entered into an arrangement with Amazon Fashion for the exclusive online launch of 'My First Formal' line for young professionals.
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Dabur awarded for excellence in corporate governance * FMCG firm Dabur India has been awarded 'The ICSI National Award for Excellence in Corporate Governance' for 2016 by The Institute of Company Secretaries of India (ICSI).

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Symphony to close down US subsidiary
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"tmpco, a step down subsidiary of the company, has decided to close the operation of its wholly owned subsidiary company in USA viz Symphony USA Inc (SUI) (earlier known as tmpco Air Coolers Inc) with effect from December 31,2016 and accordingly SUI, USA will cease to be a step down subsidiary of the company...," Symphony informed BSE.