Karur Vysya Bank has launched a new savings bank product “KVB Freedom SB Account”. The product offers multicity features for its savings bank customers. Some of these features include payable at par cheques facility at all branches up to Rs. 15 lakh a month; free cash remittance facility up to Rs. 75,000 a month, free […]

Chennai based Madras Diabetes Research Foundation (MDRF) has joined hands with US based Emory University to establish a global centre for research on diabetes at the Women’s Biotech Park in Siruseri, Chennai. The Centre will be set up on a 300 sqft plot initially and then it would be expanded to over 3000 sqft. Emory […]

Nationalised banks and scheduled banks are offering loans to applicants selected by the Transport Department for the issue of 5,000 new LPG autorickshaw permits. A press release, which was issued by the Joint Transport Commissioner on Tuesday, said the State-level Banking Committee had approved national and scheduled banks in the State to offer the loan. […]

Reliance Retail is all set to step up its presence in Andhra Pradesh. As part of this plan, the company will pump in Rs 2,700 crore in the state. Part of it will go to a hypermart in Hyderabad. And the retailer will also open Reliance Fresh outlets across the state. “We have earmarked an […]

BSNL Tunes will soon be available on landlines in the operational area of Chennai Telephones. The personalised ring back tone has so far been limited to CellOne users. Its extension to the fixed lines follows its successful soft launch on Tuesday in Chromepet Telephone Exchange.

KPO company Dexterity has opened its second facility in Chennai on an investment of $1.5 million. The facility will accommodate a headcount of 250.    The new facility at Mogappair will host process outsourcing services for the market research and analytics (R&A) space.    With this, Dexterity has also signalled its intentions to double headcount […]

Wal-Mart, the world’s largest retailer, today gave a vote of confidence in the booming Indian economy with plans to roll out a network of cash-and-carry superstores across the country. The venture, with Indian conglomerate Bharti, will see 10 to 15 wholesale stores in the next seven years beginning in 2008. The companies will each have […]

Car maker Hyundai Motor India (HMIL) yesterday said it has shipped 4,00,000 units of its small car Atos prime from its Chennai facility to overseas market. Hyundai, which sells Atos in India as Santro, has achieved the four lakh unit export mark for Atos within eight years of operations in India, HMIL said in a […]

Sundaram Business Services (SBS), the BPO arm of non-banking finance company Sundram Finance, has picked up a majority stake in Professional Management Consultants (PMC) in cash to expand its service offerings. The acquisition also doubles the employee headcount of SBS to 1,600. “The idea behind acquisition was that PMC was also working in financial services […]

Sundaram Business Services, the BPO arm of Sundaram Finance, has picked up a majority stake in Professional Management Consultants Ltd. Chennai-based Professional Management is a BPO company that specialises in banking and financial services. It has 800 employees in its Chennai facility. T.T. Srinivasaraghavan, managing director of Sundaram Finance, said, “In Professional Management, we saw […]

Content outsourcing solutions provider SPi, a wholly-owned subsidiary of Philippines-based ePLDT, is looking at increasing its headcount in India to 2,000 over the next 6-8 months from the present 1,300. This expansion comes in the wake of increasing demands from its customers.    The company, which commenced operations in India in 2004, has opened a […]

California-based $375 million recruitment services company Summit HR plans to invest $5 million in India in the next 12 months.    Speaking at the launch of their Bangalore delivery centre here on Thursday, Summit HR Worldwide Chairman and CEO Ranjan Sinha told reporters that they were looking to acquire more mid-size recruitment services companies in […]