BusinessNewsTechnology

Microsoft issues takeover ultimatum to Yahoo

April 6th, 2008

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 […]


BusinessNews

McDonald’s burger sold for Rs 4,00,000 in Chennai

April 3rd, 2008

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 […]


BusinessTechnology

Dell revenues to touch Rs 2,800 cr

March 25th, 2008

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, […]


BusinessGeneralNews

Chennai-based Saimira Theatre enters Chinese market

March 20th, 2008

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 […]


Business

Nissan is launching the Murano soft-roader

March 15th, 2008

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 […]


Business

Joy Alukkas to open showroom in Chennai

March 15th, 2008

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 […]


BusinessNews

BMW unveils new M3 coupe

March 11th, 2008

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. […]


BusinessGeneralNews

JC Middle East to set up production unit in Chennai

February 13th, 2008

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 […]


BankBusinessNews

Indbank opens trading cafe in Chennai

February 13th, 2008

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 […]


BusinessSoftware

Fidelity, Nexus invest Rs 80 cr in Netmagic

February 12th, 2008

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 […]


BusinessNewsReal Estate

Marg`s Integrated Township Near Chennai

February 7th, 2008

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 […]