Korean car major, Hyundai Motor India is betting big on its compact car, i10 currently code-named Pa which is likely to be launched in the country by the end of this month or early November, sources said. Priced around Rs 4 lakh, and positioned between the Santro and Getz, the i10 is expected to be […]

Anticipating higher tourist influx from India during the coming holiday season, Malaysia Airlines (MAS) has decided to increase its flight frequencies to Chennai and Bangalore. As part of its new winter schedule, MAS will add two weekly flights to Chennai to the existing seven and will fly to Bangalore four times a week now. The […]

Allsec Technologies Ltd has informed the Bombay Stock Exchange that it has entered into an agreement to acquire 100 percent of the shareholding of Kingdom Builders Inc, a company in the Philippines engaged in BPO operations. The total cost of acquisition would be around $1.5 million. Allsec Technologies is a third-party BPO Company offering voice […]

Tracking weak global trend, gold continued to reel under pressure for the third straight day here on Thursday and closed with another hefty loss. “The market is in correction mode because the metal is already overbought,” said a dealer in Mumbai. Gold demand in India — the world’s largest consumers — appears to be weak […]

After witnessing a well-received welcome in the cities of Pune, Ahmedabad, Mumbai, Hyderabad, Nasik and Bangalore, @home, the “complete home solutions store”, has opened up for business in Chennai. Nilkamal Ltd, Asia’s largest manufacturer of moulded furniture has diversified its product line to span home furnishings. @home Chennai offers 24 living room styles, 18 bedroom […]

Perlos Corporation, one of the world’s leading suppliers of handset mechanics, inaugurated its manufacturing facility at Sriperumbudur, in Chennai, on October 4, 2007. Spread over 26,000 sq metres of land in the Nokia Telecom SEZ, the first phase of the facility has been established at an investment of $ 30 million. This exclusive facility will […]

Caparo Vehicle Products, a unit of the Caparo group of Lord Swraj Paul, is planning to put up a facility “to manufacture high-end luxury buses and special vehicles” near Chennai. According to sources, this may require an investment of about Rs 80 crore. Also coming up at Chennai are an R&D centre “to design and […]

City-based Multivista Global Limited, a public limited company with three strategic business units including print solutions, will set up a printing unit near here with an investment of Rs 25 crore. “The printing unit would come up on a built-up area of 1,25,000 sq ft at suburban Kelambakkam and would have a capacity of printing […]

Seven five-star hotels will be opening in Chennai in 5 years. That is because the IT and manufacturing industries have driven demand for hotel rooms, reports CNBC-TV18. Chennai is hot for the hospitality industry, even as hotels struggle to grow in other metros. Some of the biggest names in hospitality will be in Chennai by […]

Lifestyle garment hanger maker Mainetti India, a wholly-owned subsidiary of  Mainetti Group, has opened a new manufacturing unit at Sriperumbudur, Chennai. The Rs 35 crore new facility spread across 29,000 square feet is the largest amongst all the manufacturing units of Mainetti-India. It will support the market expansion plan of the group for India. Speaking […]

The country is set to get its first medical technology park to manufacture high tech medical equipment, marking a foray into a previously neglected sector. The project is likely to reduce diagnostic expenses by a substantial margin for the patients as cost of the equipment will come down. Approximately 90 per cent of the country’s […]

Mobile phone manufacturer Nokia and Chennai-based SRM University today signed a Memorandum of Understanding (MoU) to offer B.Tech. degree programmes for Nokia employees at its Sriperumbudur facility. A company press release said selected employees can opt for either B.Tech. in Mechatronics or Mechanical. They would be selected based on eligibility criteria laid out by the […]