Digital technology leader, Samsung India Electronics Pvt Ltd, dedicated its state-of-the-art manufacturing facility at Sriperumbudur, near Chennai, on November 13, 2007. The unit, Samsung’s second manufacturing facility in India, was inaugurated on site by Tamil Nadu Chief Minister M Karunanidhi in the presence of Union Minister for Communications & IT, A Raja, vice-chairman and CEO, […]

Cognizant Technology Solutions has completed the acquisition of New Jersey based MarketRx, provider of analytics and related software services to global life sciences companies. The company had said last month that it had signed a definitive agreement with MarketRx to acquire it for $ 135 million in cash, to be funded through its cash reserves. […]

To strengthen its enterprise offerings in the analytics and business rules management space, Chennai-based California Software (Calsoft) will acquire a 100% equity stake in technology consulting firm International Innovations Inc. The target company’s valuation will be capped at a maximum of $1.32 million (approximately Rs 5.3 crore). The letter of intent (LoI) to purchase the […]

Chennai based INXS Technologies Ltd Tuesday unveiled a wealth management online solution called ‘Market Simplified’ aimed at India’s retail investors. The product has been launched in the US market simultaneously. ‘Every investor wants to invest his money. The more difficult job is to protect investments. What we have done is to simplify the process involved […]

Aurionpro Solutions Ltd has informed the BSE that it has entered into an all-cash deal to acquire 100 per cent control in Integro Technologies Pte Ltd, a leading banking products company headquartered in Singapore. Integro’s product portfolio include products in the areas of loan origination, collateral management for Basel II compliance and Internet banking. Headquartered […]

The Ranbaxy group-promoted Fortis Healthcare appears to be in a tearing hurry to increase its footprint in the south. Fresh from acquiring the 180-bed Malar Hospital in Chennai, Fortis has now set its sight on the 450-bed Lifeline Hospital chain in Chennai. The Delhi-based healthcare major is believed to have made an offer to acquire […]

Satyam Computer Services is extending its presence in Tamil Nadu by committing an investment of Rs 800 crore to expand operations in Chennai and open a software development centre in Madurai. The Madurai centre, located on 50 acre of land on Theni Road, will start operations with about 3,500 people on its rolls. The land […]

Chennai is expected to join the elite club of Indian cities like Kolkata and Delhi, which have a thriving metro rail system. The Tamil Nadu government on Wednesday announced that it would implement the Metro Rail project at an estimated cost of Rs 9,757 crore. It is expected to find a lasting solution to the […]

Private companies’ ambition to modernise the Chennai airport on the lines of similar projects in Delhi and Mumbai has fallen flat following a political veto by the Tamil Nadu government which has forced the Centre to shift its preference to the old state monopoly, the Airports Authority of India (AAI). The modernisation project, expected to […]

eBay Inc. and PayPal, an online payment company, have jointly launched a new global development centre in Chennai. The facility currently houses a development staff of approximately 1,000 people and the companies plan to hire hundreds of additional technical positions over the next two years. “We’re thrilled that one of the world’s most innovative and […]

Theatre chain Pyramid Saimira Theatre (PSTL) has become the first Indian theatre chain to enter the US market.  PSTL has acquired Texas-based FunAsia for an undisclosed sum to expand its business in the North American market. The acquisition was made through PSTL’s US subsidiary Pyramid Saimira Entertainment America Inc. London-based Elara Capital Plc was the […]

The country’s fourth largest software exporter HCL Technologies said it will set up five technology hubs across the country which will entail an investment of Rs 1,000 crore each. Through the new initiative, the company would generate employment for nearly one lakh people in the next five to seven years. The proposed centres are expected […]