Its a new twist to the Enthiran story. No, not in the script of the film but in the production of the film. The initial producers of the movie, Ayangaran and Eros have backed out of the movie and Sun Pictures has stepped into their shoes to produce the Rajinikanth, Aishwarya Rai starrer 100+ crore […]

Microsoft plans to take its takeover offer directly to Yahoo Inc shareholders if the internet firm’s management continues to refuse to negotiate, Microsoft Corp chief executive Steve Ballmer said Saturday. In a letter to Yahoo’s board and management, the chief of the software giant said that the $44.6-billion offer for Yahoo could be reduced, the […]

A vegetable burger, that is ordinarily priced at Rs 42, was sold for a Rs 4,00,000 at McDonald’s first Chennai outlet on Tuesday. Kick-starting its first outlet at Ascendas IT Park, McDonald’s auctioned its first burger and donated the proceeds to the Banyan, a city-based NGO. The successful bidder was the Managing Director of Saravana […]

Dell, the world’s second largest personal computer (PC) manufacturer, today said its India revenues will touch $700 million (Rs 2,800 crore), growing 60 per cent for the financial year ended January 31. It also plans to introduce low-cost computers in the country in the next two weeks. Rajan Anandan, vice-president and general manager, Dell India, […]

City based Pyramid Saimira Theatre Ltd pn Wednesday said it has now entered the Chinese market by signing an agreement with The China Society of Music Research Board. The company has signed an Arts and Cultural co-operation agreement by which CSMRB and PSTL would bring cultural specialists in the field of arts, film, TV,music and […]

If you have Rs 40 lakh in your bank account and are looking to buy something ‘different’ for a crossover, we suggest you wait and let the interest accumulate to pay for this, the Nissan Murano. Expected to be introduced in early 2009, it might be the only new model between now and the first […]

Joy Alukkas, a leader in jewellery business with 65 showrooms in nine countries, will be opening a multi-faceted international jewellery showroom in T. Nagar (Chennai). Spread over 70,000 sq. ft. in four floors, the showroom will be inaugurated on March 16. The group already has presence in Tamil Nadu with showrooms in Madurai, Salem, Tirunelveli […]

Germany’s BMW, the world’s largest premium carmakers, on Tuesday launched the new BMW M3 coupe in Chennai. First of the M series from BMW, M3 coupe is a two-door luxury car with a 3999cc V8 petrol engine. Top-notch performance and pure luxury combined with perfect handling render this car all reasons to justify its worth. […]

JC Middle East FZC, a subsidiary of JC Fabrica de Valvulas s.a. of Spain, is setting up a production facility in India to make industrial valves. JC Fabrica is a well-known maker of quality industrial valves. The unit will come on a five-ace land at Mahindra City, near here. Construction work on the project is […]

Indbank Merchant Banking Services (Indbank), a subsidiary of public sector Indian Bank, opened its first ‘trading cafe’ for stock trading in Chennai. It plans to open another 20 such cafes and 18 new branches during 2008-09 across the country. Indian Bank is the first public sector bank to open such a cafe for stock trading […]

The Mumbai-based managed IT services provider Netmagic today announced it has received Rs 80 crore in private equity funding as part of its Rs 100 crore expansion plans. The funding was led by Indian proprietary venture and growth capital arm of Fidelity International Ltd (FIL) and Nexus India Capital. This is Fidelity’s first investment in […]

City-based Marg Ltd (formerly Marg Constructions Ltd) has launched a mega integrated township project called Marg Swarnabhoomi, near Chennai. The $400 million project will be developed on 1,000 acres in the Cheyyur taluk on the East Coast Road, G.R.K. Reddy, chairman & managing director of Marg, told reporters here Thursday. The project involves the construction […]