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 […]

Nokia today announced an investment of $75 million at its manufacturing plant in Sriperumbudur, Chennai for 2008. According to a release issued by Nokia, the investment is geared towards enhancing the capacity of the manufacturing plant. The plant currently employs approximately 6,000 people. Nokia has so far invested $210 million in its Chennai operations. Today’s […]

The Ajith starrer, much awaited movie Billa is ready for release with the first copy of the movie out for the Censor Board. The censor is expected to finish this week. The publicity is likely to start once the Censor is complete. The release date has been confirmed to December 14th. The decisions for theatre, […]

The government on Tuesday said as many as 20 lakh people may become jobless in the export sector which has been hit hard due to rupee appreciation vis-a-vis dollar in the last one year. Replying to a question in Lok Sabha, Commerce Minister Kamal Nath said 20 lakh people may face unemployment if remedial measures […]

US-based Cable News Network (CNN) on Tuesday announced plans to expand its operations in India in recognition of the country’s growing global influence by opening a new editorial office in Chennai. “The rapid growth in India in terms of global business and regional political influence underlines how crucial these appointments are as part of CNN’s […]

Popular Telugu film actor Chiranjeevi has ended all speculations and decided to take a plunge into Andhra Pradesh politics by launching his own party in the new year, according to sources close to the mega star. The tentative date of announcement of the new party is Jan 11! The recent controversy following his daughter’s elopement […]

IBM’s Webshere has been ranked as the market leader in the Application Deployment Software market in India by research firm IDC. According to IDC Packaged Software Tracker 2006, IBM Websphere’s market share stood at 28 per cent, a release from the software major said here on Tuesday. IBM has bagged significant customers in the previous […]

It looks like a long wait for Kamal fan’s because the buzz is that Dasavatharam might be releasing only for Tamil New Year in April. The consolation is that the Audio will be released by Februvary and the plan is to invite all the biggies of Indian Cinema. Producer Oscar Ravichandran is trying to get […]

The British High Commission in New Delhi and its consulates across India will introduce biometric visas from Dec 12. Applicants for a British visa will be required to visit a visa application centre, operated by UK visas’ commercial partner, VFS Global, where trained staff will take finger scans and a digital photograph as part of […]

Rakeen, a joint stock global business company promoted by the government of Ras-Al-Khaimah UAE and Chennai-based mineral conglomerate Primex Group, on Monday said it will invest up to $5 billion over the next five years for different real esta te projects in India. The two partners have formed a real estate joint venture – Rakiendo […]

The wait for Kamal Hassan’s Dasaavatharam might be longer then what we thought. The buzz is that the movie may release only in April for Tamil new year. Kamal answered the questions about Dashavataram after a function in which he launched a HIV/AIDS rights campaign to humour mediapersons, and said that the movie will not […]

With Walt Disney eyeing an increased stake in UTV Software Communications, the Mumbai-based entertainment and media production arm of UTV, has decided to call off its association with Malaysian media company Astro Multimedia International. UTV Software and Astro had entered into a co-operation arrangement earlier this year via a company – GenX Entertainment – to […]