Mahindra & Mahindra has decided to dismandle its recently acquired Boeing plant in Melbourne, Australia, which makes machinery for aircraft, and shift it to Bangalore.
The two partners have said they'd produce 150,000 vehicles as part of the phase-I plan from their existing facilities in the state, till the new factory goes on stream.
French car major Renault is set to launch five new cars in India before 2012.
The Renault Nissan Alliance has said that its Oragadam greenfield facility near Chennai - its first in the world - will be a template for its upcoming Morocco facility, with a few changes only in the back-end engineering. The company is training 30 senior employees drawn from various verticals at its Oragadam plant.
India is also the third largest borrower of the International Bank for Reconstruction and Development (the World Bank), with a total portfolio of $21.9 billion (Rs 98,590 crore).
The index began tracking jobs in the sector from July 2008 and there was a sudden dip of 29 per cent in the month of December 2008, said V Suresh, executive vice president and national head of sales for the portal.
On Friday, Endhiran, the big-budget, multi-lingual Rajinikanth starrer, with an 'official' budget of Rs 162 crore and 'unofficial' budget based on market rumour of Rs 250-300 crore, opened to packed houses, with tickets sold out days in advance.
Ramesh Vangal and foreign investors backing him have decided to exit the Nadar community-controlled Tamilnad Mercantile Bank (TMB).
In recent days Indian corporate houses are increasingly acquiring companies in Latin America and Europe. But on the other hand these companies are not efficiently managed.
The Nokia India Employees Progressive Union held discussions with the management on Monday. "The wage settlement offered by company is quite low. We are not happy with that," said Union sources.
The DGCA report, a copy of which is with Business Standard, stated that under the Madras high court direction, an inspection was carried out by a team headed by V K Arora, deputy director general, DGCA.
A prolonged cold spell in Europe and a rare conjunction of dates in China have combined to wilt the Valentine's Day hopes of rose cultivators in the Hosur region of Tamil Nadu. The two markets together account for 60 to 70 per cent of Hosur's supply, much of it crowded around Valentine's Day, on February 14.
Subhiksha Trading Services, the retail chain whose stores have been closed for more than a year for lack of money, is planning to reopen some through a franchise model, say sources.
The manufacturing facility is being set up at Oragadam, near this city. The company has planned to set up 55 dealerships by 2012. So far, the company has appointed 23 and plans to add seven more by the end of this financial year.
Political disturbance over the demand for a separate Telangana state is forcing information technology companies to shift. The process to shortlist office space in neighbouring states, like Tamil Nadu, is underway.
The Tiruchi unit of Bharat Heavy Electricals Ltd (BHEL) is considering four-five companies as candidates for acquisitions, its executive director, A V Krishnan, told Business Standard.
The popularity of the 'parallel banking service' continues to rise.
The high court in Chennai granted the owner of bharatmatrimony.com an interim order, restraining Google India from using its ads on the former's platform to sell space to the petitioner's competitors.
Latest in generational change trend in South Indian majors.
The company would focus only on expanding its existing facilities at an investment of around Rs 600 crore (Rs 6 billion), said S Gopalakrishnan, chief executive officer and managing director.
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