The Tamil Nadu government Thursday signed a memorandum of understanding with Tata Steel for a Rs.25 billion titanium dioxide plant in Tirunelveli district. The plant, to come up in southern Tirunelveli, will have a production capacity of 100,000 tonnes of titanium dioxide, an official release here said. It will provide jobs to 1,000 people […]

Private equity firm Global Infrastructure Partners (GIP) said it has agreed to buy 25 per cent stake in Chennai Container Terminal Private Ltd (CCT) for an undisclosed sum. The stake will be acquired through GIP’s International Port Holdings (IPH) portfolio company, a GIP release said. CCT was built and developed by P&O Ports and is […]

Metro Cash & Carry, a b2b multinational wholesaler catering to the needs of customers like hotels, restaurants, caterers, small retailers, service organisations and offices, will open its outlets in Mumbai and Kolkata soon. It is also on the lookout for other locations, including Delhi and Chennai. Talking to presspersons here on Thursday, Alan Clayton, Operations […]

Sathyam Cinemas equips 6 screens with Qube XP-D DCI Compliant digital cinema servers and Barco DP-100 DLP Cinemaâ„¢ projectors The Qube XP-D digital cinema server has been installed in all six screens at Sathyam Cinemas flagship multiplex in Chennai, making the complex completely digital with DCI compliant systems. Qube provides end-to-end solutions for digital cinema […]

Well-known jewellery retailer Joyalukkas Group, which has international presence, is toying with the idea of tapping the capital market with an initial public offer (IPO) next year. The Rs. 2,500-crore group is promoted by Joy Alukkas, a non-resident Indian from Kerala. Expansion binge The group has 16 jewellery showrooms in India, 34 in the Gulf […]

A fab fever is on the Indian horizon. Driving the trend are a host of third party manufacturing vendors such as SemIndia, Hindustan Semiconductor Manufacturing Corporation (HSMC), Nest Technologies, Videocon and India Electronics Manufacturing Corp. Many of them are being promoted by Indians, with the big semiconductor companies providing the technology. This is a trend […]

Australian investors have lined up investments to the tune of $4.5 billion in India in the coming years, Aminur Rahman, consul general and trade commissioner of Australia in India, said. Australian companies have already invested over $1 billion into India and the new investments would make the country the fourth largest investor in India , […]

A world leader in wireless solutions, Research in Motion (RIM) on Tuesday introduced its smallest and lightest smartphone ‘BlackBerry Curve’, which will be available from Airtel and Hutch. Introducing the large display, easy-to-use keyboard and intuitive trackball navigation system, RIM Vice-President for Asia Pacific region Norm W K Lo said that ‘Blackberry Curve combines consumer […]

PayPod Technologies, a US-based IT solutions provider with offshore development facilities in Chennai and Minsk, Belarus, has launched a technology-driven advertising service to tap the growing Indian market for ad space on the Internet. Targeted at the advertising and publishing industry in India, PayPod’s Digital Advertising Network solution will help deliver ads on the Internet […]

Gartner says phones are largest piece of country’s overall rising electronics manufacturing revenue India’s mobile handset production is growing fast, fueled by rapid growth in the number of mobile subscribers in the country. India produced nearly 31 million mobile phones last year, at a value of about US$5 billion, according to a report by Gartner […]

Six Indian companies figure in the 2007 Information Technology 100 list, which is BusinessWeek’s ranking of the top 100 global technology performers. Bharti Airtel, Tata Consultancy Services, Infosys, Wipro, Satyam Computer Services and HCL Technologies are those mentioned in the list. US-based, Cognizant Technology Solutions, which has most of its development centres in India, is […]

Brazil’s steel producer Gerdau said on Friday it has signed an agreement with the Kalyani Group to operate a steel plant in Tadipatri, in the southern Indian state of Andhra Pradesh. The SJK Steel Plant, located close to India’s three cities of Bangalore, Chennai and Hyderabad, comprises two companies, each holding 45 percent of shares, […]