Technosoft Global Services today announced the opening of its second development centre at the Ascendas International Tech Park here. The company also plans to launch another facility at the VSI Estate near Tidel Park. This would be operational by August this year, Rajiv Tandon, CEO, told reporters here. He said the company would be investing […]

Raj Television Network Limited (BSE: 532826; NSE: RAJTV), a regional broadcaster and media company, has posted Revenues (unaudited) of Rs. 386.42 million (up 22.64%), an Operating Profit of Rs.183.19 million (up 118%) and a Profit after Tax of Rs. 107.17 million for the financial year ended March 31, 2007. At a meeting held today, the […]

PHOENIX–(BUSINESS WIRE)–Syntellect Inc., a leading provider of Customer Interaction Management solutions, announced today that it is expanding its operations into India, which is fast becoming one of the largest operators of contact centers globally. Syntellect’s newest office, located in Chennai, will initially support Syntellect’s partners in delivering a full range of product offerings for the […]

Crafts Bazaar, an exhibition-cum-sales of a collection of handicrafts and handlooms from various States of the country, is underway at Anna Nagar, Chennai. The show began from Friday. The exposition was inaugurated by cine actress Kirthi Chawla. The bazaar has artistic items made of Sheesam wood, wood carvings of Gods and Goddesses,a range of wooden […]

Korea’s handset parts maker Mogem Co. is considering setting up a plant in India, in a move to create synergy with its biggest partner Motorola. According to industry sources, the Incheon-based midsize company will begin a preliminary on-site inspection later this month in Chennai on the southeast coast of India. The company will likely decide […]

Observing that India’s projected energy and resources requirements are enormous, a top Australian government official today said that expanding trade in energy and resources will be a critical factor between India and Australia. Inaugurating the Australian Consulate-General office here, Warren Truss, Australian Minister for Trade said: “Just as East Asia’s rapidly growing economy has been […]

Sony Corp.’s Sony Pictures Imageworks has acquired a 50.1% equity stake in Indian visual effects and animation studio FrameFlow based in Chennai, South India. The company will now be called Imageworks India. Some reports indicate that SPI acquired the stake for $5 million, but Sony officials declined comment on the sum involved. Founded in 2003 […]

The Chennai girl hit headlines on Monday yet again when PepsiCo’s board of directors announced that it has elected Indra K Nooyi, 51, chairman of the board, effective May 2 when current executive chairman Steven S Reinemund, 58, retires. Ms Nooyi is currently chief executive officer of the more than $32-billion global convenient food and […]

The Dubai-based leading gold jewellery retail chain major, Joy Alukkas Group is establishing the world’s largest gold & diamond jewellery store in Chennai’s Usman Road, known as the gold hub of the city. It has picked up 80,000 sq ft of retail space in Prashanth Gold Tower, being jointly promoted by actor Thiagarajan and property […]

Sony mobiles from Chennai Sony Ericsson president Miles Flint announcing plans of his company at a press conference today. Also seen is Union Minister Dayanidhi Maran. Sony Ericsson would produce mobile handsets by outsourcing manufacturing to its global partners ? Flextronics and Foxconn, which have set up their facilities in Sriperumbudur, a city suburb. This […]

Indian corporate giant Tata Steel and Brazil’s CSN on Tuesday entered the auction ring for the prized trophy — Anglo Dutch steelmaker Corus group — amid reports the bid could go as high as £11 billion.  The nine-round auction called by the UK Takeover Panel to decide the winner between the two suitors began at […]

Pacifica Companies, the US-based $2 billion group with interest in real estate and property development, would set up its first IT project in India at the Chennai’s IT corridor on the Old Mahabalipuram Road (OMR). Spread over 7.29 acres at Navalur on the mainstream IT corridor, Pacific Tech Park would have a built up area […]