The United States could be well on its way to following the global trend by adopting an immigration system that gives priority to the skilled and educated. An agreement reached by key Republican and Democrat senators on the Comprehensive Immigration Reform Bill includes a bargain that will for the first time in US history give […]
Global Hospitals Spreads its Wings to Chennai
Hyderabad-based Global Hospitals has recently acquired a Chennai hospital, Sri Kanchi Kamakoti Sankara Hospital. The Madras High Court permitted the Sri Kanchi Kamakoti Peetam charitable trust to encash the earnest money deposit of Global Hospitals for Rs 257 crore and complete the sale of the hospital at Permbakam in terms of the advertisement. At the […]
Windows Update for IE7 Doesn’t Work for Some PCs
Windows Update for IE7 Doesn’t Work for Some PCs After installing this month’s six-bug patch, some users aren’t able to use the IE7 browser, Microsoft said. Some users aren’t able to use Internet Explorer 7 (IE7) after installing this month’s six-bug patch, the Microsoft Corp. security team acknowledged late Wednesday as it published a work-around […]
L&T Finance selects Nucleus solutions
Nucleus Software Exports Limited, a global provider of next generation software products for banking and financial sector, announced that L&T Finance Limited (LTF), a non- banking finance company and a wholly-owned subsidiary of Larsen & Toubro Limited, a technology and engineering major has selected Nucleus Software’s flagship solution FinnOne TM Customer Acquisition System, lending and […]
Strategic steps pays for Royal Sundaram
Royal Sundaram Alliance Insurance Company Limited, which announced its annual results for 2006-07, registered a 168 per cent growth in Profit Before Tax for the financial year ended March 2007. This performance, based on a 30 per cent growth in revenues, results in a 16 per cent post tax return on equity during 2006/2007. The […]
MPs’ foreign visit to be monitored
The spectre of human trafficking looms large over Chennai now after reports of such trafficking in the North captured headlines. With a view to curbing it, Central Intelligence has decided to maintain strict surveillance at all major airports to monitor MPs’ foreign visits and to list out those accompanying them. This was decided at a […]
Is the party over for Maran?
The chain reaction triggered by the Madurai Dinakaran episode in the DMK looks like racing towards its logical end with the voice of opposition within the DMK president’s family is growing at a rapid pace to oust Dayanidhi Maran from the party and strip him of his Parliament membership. According to informed sources in DMK […]
Indian banks need to grow in size: D&B
The Indian banking industry is in for daunting times. Despite economic boom which throws a host of opportunities for the banking industry to grow ahead, the major challenge for the Indian banks is to create a size that would be effective in dealing with the global competition, said Dun & Bradstreet. (D&B) Banks in Asia, […]
Shri Andal Azhagar Kalyana Mandapam Demolition begins
The National Highways Authority of India on Thursday began demolition of Shri Andal Azhagar Kalyana Mandapam, at Koyambedu, which was owned by the actor-turned politician, A. Vijayakant, to make way for a grade separator. The demolition of the marriage hall building began around 8 a.m. on Thursday with the NHAI authorities deploying dismantling, demolition and […]
India seeks higher-value outsourcing work
In an office in the southern port city of Chennai, Indian analysts pore over stock market data for a London-based fund company, searching for investment opportunities. Some 1,200 miles away in Gurgaon, on the outskirts of Delhi, Indian lawyers have taken over research and patent filing for several Western technology and healthcare companies. These are […]
Helion venture fund invests in Chennai outsourcing firm
Helion Venture Partners, a $140-million India-focused, stage independent venture fund, will announce today (Wednesday) its decision to invest in Chennai-based Anantara Solutions Private Limited, ‘a new generation outsourcing firm’. In Chennai, to announce the investment, Mr Sanjeev Aggarwal and Mr Ashish Gupta, Managing Directors of Helion, told Business Line that Anantara’s business model and its […]
DELL to set up production unit near Chennai
Global computer major DELL on Thursday signed a memorandum of understanding (MoU) with the Tamil Nadu government to set up its manufacturing plant in the special economic zone near Sriperumbudur. The unit would come up on 50 acres in the SEZ, at an investment of Rs 280 crore and is expected to attract major component […]
