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Sundaram Clayton: Company announced shut down of Chennai unit on August. Negative due to delay in repaying the interest and principal obligation on the term loan. TVS Motor Company: Subsidiary TVS.
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Auto demand is at decadal lows. Ashok Leyland truck sales dropped 70% in August. Automotive players Sundaram Clayton, Maruti Suzuki and two-wheeler maker HeroMotoCorp has also announced suspension.
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Day five of IAAF World Champs overshadowed by Salazar’s doping ban – DOHA – Once again, doping is overshadowing the action at the track and field world championships. Less than 24 hours after renowned distance-running coach Alberto Salazar was banned four years for.