Mahindra to open auto assembly plant in Sri Lanka
Shirajiv SIRIMANE
The US $ 15.4 billion Mahindra Group, one of
India's leading business houses, is looking at investing in a
vehicle assembly plant in Sri Lanka to cope with the growing demand.
“Our sponsorship of the Sri Lanka Premier League signals our intent
to both expand and deepen out relationship with the country as it
moves steadily towards greater economic progress.
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Amana Takaful records 32 % growth for 1H of 2012
Amana Takaful, recorded an impressive growth of
32% for the first half of 2012, well above the industry. The first
half figures released by the company reflects a total Gross Written
Premium(GWP) of Rs 770.8 million up from Rs.584.7 million in the
comparative period of 2011. Individually, the first half General and
Life businesses’ GWP of Rs. 603.3 million and 167.5 million
respectively, grew by 32 % each in the same comparison.
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Phoenix Industries invests 350 m in Horana packaging plant
Phoenix Industries, the largest plastic molding
company in Sri Lanka with over 35 years of industry experience, laid
the foundation stone for a new plant situated at Horana which will
fully complement Unilever.
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Janashakthi in strong performance
Janashakthi Insurance PLC recorded another
strong performance at the half year in 2012 and has announced a
dividend of 1 rupee per share. The company raises the bar in its
dividend yield and continues to maintain the highest stated capital
structure.
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