Continuing its upward trend, prices of ornament gold (22 carat) crossed the four figure mark for the first time here opening at Rs 1,008 per gram at the bullion market here on Thursday, a top jewellery retailer said. The previous high was Rs 995 on December 31 last. The rise in international oil prices, volatility […]
Red Fort to invest Rs 400 cr in Chennai
Delhi-based private equity real estate firm Red Fort Capital will be investing $ 100 million (Rs 400 crore) in Chennai over a period of 6 months. The investment is planned for the low to high-end residential and hospitality projects. Already the company has acquired a 10-acre land in Mogappair for middle class housing with construction […]
Cognizant inks deal with California Auto
Cognizant Technology Solutions has inked a multi-year relationship agreement with California State Automobile Association (CSAA) to provide a full suite of IT services, including business consulting, specialised software and service implementation, besides support services. The Chennai-based IT vendor will service the contract from multiple locations, including San Francisco, Glendale and Arizona. Cognizant executives declined to […]
Infomedia’s AV expo inaugurated in Chennai
Audio and video exhibition – AV MAX Exp, the flagship event of Infomedia India Ltd, one of India’s leading exhibition and publishing major was inaugurated by music director Harris Jayaraj and Infomedia India Ltd., General Manager – Publishing, Krishna Tewari, at Chennai. The exhibition will span over a period of three days, 8-10 December, 2007 […]
Adlabs to operate 200 screens in US
Adlabs Films has entered into agreements with several existing cinema properties and will be operating a 200 screen cinema exhibition chain in USA. According to an official release issued by the company to the BSE today, the consolidated chain will have a nationwide footprint across the US covering 28 cities including the key markets in […]
Aircel approaches TDSAT over start-up spectrum
GSM operator Aircel and its holding company Dishnet Wireless has filed a petition in sectoral tribunal TDSAT seeking directions to Department of Telecom to allot start-up spectrum for launching services in new circles. Aircel is still awaiting the allocation of initial spectrum in some circles, while Dishnet Wireless has not received the radio waves for […]
Tyre maker MRF declares lockout at Chennai plant
Tyre maker MRF Ltd has declared a lockout from December 3 at one of its oldest plants in Chennai over a bonus dispute, a company spokesman and labour union leader said on Friday. The plant employs 1,470 workers, a leader of the left leaning Centre of Indian Trade Unions said. He declined to be named. […]
Property, home loan expo begins at Chennai
A three-day property and home loan expo, being organised by the Industrial Development Bank of India Limited (IDBI Bank) got under way at Valluvar Kottam, chennai on Friday. The organiser has brought together more than 40 builders and flat promoters for the event. They would showcase projects worth over Rs.2,000 crore in total. All of […]
Montan Hydraulik second unit in Chennai
Montan Hydraulik (India) has recently inaugurated its second unit in Sholavaram. The company has been jointly promoted by Montan Hydraulik of Germany and Indian promoters, Ashok B. Rao, Ms. Sandhya Rao and their associates. The existing unit of Indian outfit is located in Ambattur Industrial Estate and is engaged in designing production and installation of […]
Bangalore-based firm to set up mall in Chennai
Brigade enterprises, a Bangalore based real estate company, on Friday announced establishment of a shopping mall and a three star hotel at Chennai. The company’s director Vinnet Verma told a press meet that the hotel would come near the TIDEL park here and the mall would come at Rajiv Gandhi Road, the IT corridor in […]
Taiwan company to sell laptop for Rs 13k
Taiwan’s Asustek is set to launch its Eee PC range of low-cost laptops in India by January, the company’s head of Indian operations said. The company will sell the cheapest model for Rs 13,000, inclusive of duties. The device, running on a chipset specifically designed for it by Intel and marketed under the Asus brand, […]
British Telecom to have 51 Percent stake in Accel Frontline
Accel Frontline Ltd will soon become a subsidiary of British Telecom. The Chennai-based IT company is 42 per cent owned by Frontline Technologies Corporation (FTC) of Singapore, 30 per cent by the Indian promoter Accel Ltd, and by Indian public. Today, it was announced in the Singapore stock exchange that British Telecom, through BT Singapore […]
