Chennai-based online company Consim Info Pvt Ltd has announced the receipt of $11.75 million as second round of funding here Tuesday. Formerly known as BharatMatrimony, Consim Info got the investment from Mayfield Fund, Yahoo and Canaan Partners. The actual investments by each investor and the stakes they bought in Consim Info are not disclosed. In […]

Tyre Major MRF LTD on Tuesday reopened its Thiruvottiyur manufacturing facility, after more than 60 days of lockout following a dispute between the management and the unions. The managment had accused the workers of “not meeting productivity norms, and indiscipline”. However, after Tamil Nadu government announced in the Assembly on January 30 that it will […]

Cybernet-SlashSupport (CSS) is setting up a near shore tech support facility at Wroclaw in Poland. This will be CSS first facility in Europe. The new facility in Poland will have a built-up space of 10,000 sq. ft. CSS, which provides IT services, including tech support, remote IMS (information management system) and software testing and development, […]

The Mercedes-Benz C-Class was launched in Chennai today by Mr.Sanjiv Sahajwala (Head Marketing, DaimlerChrysler India Pvt.Ltd) and Mr. KSM Musaddique (Managing Director, Trans Car India, the authorised dealership of Mercedes-Benz in Tamil Nadu). Speaking on the occasion Mr. Sahajwala commented: “To date around six million C-Class vehicles have been sold all around the globe. In […]

IT major HCL Technologies today announced the launch of Electro Magnetic Compatibility and Durability Test Lab at its facility at suburban Ambattur. Addressing reporters here today, HCL Corporate Vice-President (Engineering and R&D Services) G H Rao said this was the first of its kind private technology facility to obtain the ISO/IEC 17025 from the National […]

Chennai Petroleum Corp plans to invest Rs 5,000 cr for revamping its Chennai refinery to enhance the quality of manufactured petroleum products. The revamping would be completed by 2009 and CPCL would bear the entire cost of the project, company’s General Manager (Maintenance) D Selvaraj said. The company also plans to supply Euro4 quality Petrol […]

  Mobile handset manufacturer Sony Ericsson on Thursday unveiled its two entry level handsets — ‘R300i’ and ‘R306i’ — that will be launched in the Indian market in the second half of 2008. The company also said it would increase the number of retail outlets to 300 by 2009. Addressing a press conference, Sony Ericsson […]

Pyramid Saimira Theatre announced here on Thursday that it proposed to raise $775 million by April-May this year through three of its subsidiaries and the parent company for acquisitions and expansion. “By June, we would have invested $1 billion,” said P. S. Saminathan, Managing Director of the group, at a press conference. The company acquired […]

Hindustan Petroleum Corporation Ltd (HPCL) has launched an e-fuel campaign pinned on promoting clean fuels and transparency in business practices. K. Rajaraman, Commissioner, Civil Supplies and Consumer Protection Department, launched campaign at HPCL’s fully-owned-and-operated outlet at Saidapet. He said the Civil Supplies Department had implemented web-enabled ration card management and GPS-based vehicle tracking system to […]

Low-cost carrier Air Deccan launched its first fully owned hangar for the maintenance and repair of its fleet at Chennai airport. The Rs 111.5 million hangar stretches over 6,503 sq metres, large enough to hold one Airbus aircraft or two ATR propeller aircraft. “The Deccan-Kingfisher combine is aggressively building up its infrastructure to ensure better […]

Puravankara Projects Limited (PPL) has announced a mega housing project with an estimated project cost of over Rs 1,200 crore called ‘Purva Windermere’ which will come up at Pallikarnai, Chennai, close to Velachery. According to Ravi Puravankara, chairman and MD, the project will spread over 54 acres of land and would consist of 2,072 units […]

In addition to the much-talked about one-lakh car, Tata Motors has drawn up an aggressive new vehicle launch calendar for the current year. Even as it primes itself for the roll-out of its ultra low cost super mini, the company will be launching a range of new vehicles, including a compact version of its Indigo […]