T E Narasimhan

All stories by T E Narasimhan

Textile hub Tirupur in trouble as world brands cut down export orders

Textile hub Tirupur in trouble as world brands cut down export orders

Rediff.com5 Jan 2020

MotherCare, the baby and maternity clothes retailer that annually sourced garments worth Rs 100 crore from a single exporter in Tirupur, filed for bankruptcy in the UK and will close all its 79 shops in that country. It was the latest world-famous brand to pull down Tirupur's fortunes.

Chinese investors are suddenly in love with Indian startups

Chinese investors are suddenly in love with Indian startups

Rediff.com2 Jan 2020

Not just from the likes of Alibaba and Didi Chuxing, Indian startups saw a surge in Chinese funding from financial investors in 2019. This is a seven-fold jump from $459 million in 2016.

Isro puts Chandrayaan-2 setback behind it

Isro puts Chandrayaan-2 setback behind it

Rediff.com27 Dec 2019

The year ended with the launch of the PSLV's 50th mission.

Tamil Nadu polls: A test for AIADMK, DMK

Tamil Nadu polls: A test for AIADMK, DMK

Rediff.com24 Dec 2019

The new entrants in Tamil Nadu politics, actor-turned-politicians Rajinikanth and Kamal Haasan, have decided to stay away from the elections, reports T E Narasimhan.

BS-VI effect: Auto firms see PV sales rising in December

BS-VI effect: Auto firms see PV sales rising in December

Rediff.com23 Dec 2019

A nationwide and compulsory switch to BS-VI is due from April 1, 2020. Amid increase in input and other costs, companies had decided to increase the price of their vehicles from January 2020. This is expected to push sales of passenger vehicles by 2 to 4 per cent in December; reportedly, bookings are in that range.

M&M succession plan: Change of role for Anand Mahindra

M&M succession plan: Change of role for Anand Mahindra

Rediff.com21 Dec 2019

Mahindra will serve as a mentor and sounding board for the managing director on issues to be presented to the board, especially in the areas of strategic planning, risk mitigation and external interface. In addition, he will be available to provide feedback and counsel to the managing director on key issues facing the enterprise.

Yamaha aims to treble India market share

Yamaha aims to treble India market share

Rediff.com21 Dec 2019

'We are bullish about India.'

Dabangg Effect: Pepsi puts the fizz back in Brand Salman

Dabangg Effect: Pepsi puts the fizz back in Brand Salman

Rediff.com18 Dec 2019

Pepsi is betting on Dabangg 3's box office success.

Tamil Nadu rakes in Rs 19,083 cr investment in 10 months

Tamil Nadu rakes in Rs 19,083 cr investment in 10 months

Rediff.com16 Dec 2019

At a time when investors are taking a "wait and watch" approach on fresh investment, Tamil Nadu in the past 10 months has signed 63 MoUs, enabling investment worth Rs 19,083 crore. After Palaniswami took over as chief minister in February 2017, cumulative FDI rose by Rs 46,427 crore from Rs 133 trillion (April 2000 to March 2017) to Rs 180 trillion by June this year. Thanks to the Tamil Nadu Business Facilitation Act, 2018, and the single window for applying and getting clearance for doing business, the ease of business issue has been addressed.

PSA's Citroen announces grand India plans with premium SUV Aircross

PSA's Citroen announces grand India plans with premium SUV Aircross

Rediff.com16 Dec 2019

Europe's leading car maker, Groupe PSA, officially announced its re-entry in India this April with the Citroen brand. Citroen C5 Aircross SUV will challenge the likes of Mahindra XUV500, Tata Harrier, Hyundai Tuscon, Jeep Compass and the upcoming MG Hector. The C5 Aircross will be the first of several differentiated products from the company's vehicle manufacturing unit in Tiruvallur, Tamil Nadu.

Coffee prices up 10.1%; trend likely to continue

Coffee prices up 10.1%; trend likely to continue

Rediff.com11 Dec 2019

Global exports of coffee in October 2019 fell by 13.4 per cent, to 8.91 million bags, compared to the same month in the previous year. A mix of factors, including unfavourable weather patterns and prolonged low international prices, have contributed to a decline in shipments across all regions. The daily price of the ICO composite rose from $102.74 cents/lb at the beginning of November to a high of $111.86 cents/lb on November 25, 2019, before closing the month at $111.77 cents/lb.

Corporate, PE investments in EV start-ups grow 170%

Corporate, PE investments in EV start-ups grow 170%

Rediff.com4 Dec 2019

The $306-million investment in Ola Electric Mobility by SoftBank Corp, Arun Sarin Family, Ratan Tata and Matrix has been the biggest funding in this space in value terms this year.

CV sales drop by over 17% in Nov on slowdown woes

CV sales drop by over 17% in Nov on slowdown woes

Rediff.com3 Dec 2019

Companies expect recovery in second half of fiscal as BS VI approaches, claim banks and NBFCs showing greater interest in financing.

China's BYD to invest Rs 2,800 cr in Tamil Nadu

China's BYD to invest Rs 2,800 cr in Tamil Nadu

Rediff.com2 Dec 2019

This is part of the nine memorandums of understanding (MoUs) worth Rs 5,027 crore, including Hero Group-backed Ather Energy's over Rs 600 crore investment, to establish a manufacturing facility for e-vehicles.

Natural calamities wreak havoc on spices and coffee plantations

Natural calamities wreak havoc on spices and coffee plantations

Rediff.com22 Nov 2019

Karnataka suffered a crop loss in around 97,365 hectares out of the total bearing area of 2,26,244 hectares of coffee and spices plantations.

Rural distress hits moped sales

Rural distress hits moped sales

Rediff.com19 Nov 2019

TVS Motor Company, the only company in India to manufacture mopeds, said domestic sales dropped by 25.58% in April-Oct and exports fell by nearly 40%.

Datsun, Sunny to drive exports for Renault-Nissan's Chennai plant

Datsun, Sunny to drive exports for Renault-Nissan's Chennai plant

Rediff.com11 Nov 2019

The automaker said that production at the Renault Nissan Alliance Plant, where Nissan, Renault and Datsun brands are manufactured, had gone up by 15 per cent and was expected to increase further on the back of increasing export orders.

Onion likely to bring cheer to your kitchen

Onion likely to bring cheer to your kitchen

Rediff.com8 Nov 2019

With 3,000 tonnes of imported onion entering the market over the next fortnight, the price should start cooling off. Soon after, the new crop of onions will arrive, further reducing prices.

How Sugar Free plans to win the twin battle of misinformation and competition

How Sugar Free plans to win the twin battle of misinformation and competition

Rediff.com27 Oct 2019

To become part of the consumer's monthly shopping cart, Sugar Free has launched new formats and variants and waged war against online venom.

Your Apple iPhone XR is now 'Made in Chennai'

Your Apple iPhone XR is now 'Made in Chennai'

Rediff.com23 Oct 2019

The development comes at a time when growing tension in US-China trade ties is forcing companies to explore alternative manufacturing sites in order to derisk operations.

India's automakers hit the fast lane in overseas markets

India's automakers hit the fast lane in overseas markets

Rediff.com10 Oct 2019

Even as domestic passenger car sales declined 29.4 per cent between April and August this year, exports grew 6.5 per cent, partially cushioning the blow from slowing sales.

Green firecracker norms may rob Sivakasi's sparkle

Green firecracker norms may rob Sivakasi's sparkle

Rediff.com9 Oct 2019

Some experts opine that green crackers are yet not practical and question government's move to promote them.

First mover Medimix hopes to ride ayurvedic wave now

First mover Medimix hopes to ride ayurvedic wave now

Rediff.com6 Oct 2019

The packaging is new and so is the way it talks to customers. Plus the brand has been extended into hair oil, shampoo and body wash, products that appeal to the young.

Now Laxmi Vilas Bank under RBI scanner for bad loans

Now Laxmi Vilas Bank under RBI scanner for bad loans

Rediff.com29 Sep 2019

The PCA plan covers various suggestions or measures to recover non-performing assets (NPAs), reduce costs, boost capital, downsize risk-weighted assets, and improve profitability, among others. The LVB management is in the process of implementing all of these, said sources.

In a first since 1998, rough diamonds will be auctioned in Surat

In a first since 1998, rough diamonds will be auctioned in Surat

Rediff.com18 Sep 2019

So far, rough diamonds mined from the Panna mines in Madhya Pradesh were auctioned online but displayed only at Panna.

Tamil Nadu EV policy seeks to attract Rs 50,000 cr, create 150,000 jobs

Tamil Nadu EV policy seeks to attract Rs 50,000 cr, create 150,000 jobs

Rediff.com17 Sep 2019

The government will create an EV Venture Capital Fund, for financial support to start-ups in the segment. The overall aim is to make Tamil Nadu the preferred destination for EVs and component makers.

Auto slump: Used commercial vehicle sales see uptick

Auto slump: Used commercial vehicle sales see uptick

Rediff.com16 Sep 2019

Average overall sales which used to be around 8,000 units a year ago has dropped to 7,000-7,500 units in a month. A lot of government projects have been announced but these are yet to translate to boost CV sales.

'Orbiter's life to be 7 years as it has extra fuel'

'Orbiter's life to be 7 years as it has extra fuel'

Rediff.com9 Sep 2019

'Till date, 90-95 per cent of the mission objectives have been accomplished' 'Future programmes will go as planned' After the moon landing mishap, K Sivan, chairman, Indian Space Research Organisation spoke to T E Narasimhan/Business Standard of the future and the mood among his scientists. Edited excerpts:

Secret behind the success of 90-year old Brand MTR

Secret behind the success of 90-year old Brand MTR

Rediff.com8 Sep 2019

While the traditional masala portfolio continues to hold its sway, the brand is up against stiff competition from food delivery apps and the thriving community of restaurants that they support for its ready-to-cook and ready-to-eat fare.

Truck sales crash 60% in August

Truck sales crash 60% in August

Rediff.com4 Sep 2019

The overall volume at India's top four M&HCV makers - Tata Motors, Ashok Leyland, Volvo Eicher, and Mahindra & Mahindra - fell 59.5 per cent to 31,067 units during the month.

Auto firms unsure if benefits will be seen in festive season

Auto firms unsure if benefits will be seen in festive season

Rediff.com26 Aug 2019

This year, both rural and urban markets have reported around 18 per cent fall in the first quarter. However, most auto majors expect that by January, there would be a pick up.

How 55-year old Gits plans to beat competition

How 55-year old Gits plans to beat competition

Rediff.com25 Aug 2019

Gits now has super food mixes like brown rice and flax seeds idli mix, oats idli mix and such other products. It has also launched an organic and vegan version of ready meals abroad. It also has an e-store, besides selling through Flipkart, Amazon and Big Basket.

How carmakers are planning a revival for the sector

How carmakers are planning a revival for the sector

Rediff.com23 Aug 2019

Market leaders saw good traction for new cars, including the electric ones.

Uncertainty looms over renewal of mining leases

Uncertainty looms over renewal of mining leases

Rediff.com21 Aug 2019

Iron ore deposits in the Donimali mine are estimated at 143 million tonnes and worth around Rs 40,000 crore. NMDC had leased the mine in 1968 for a period of 50 years. The lease expired on November 3, 2018.

To beat crisis, Hyundai halts production for several days at Chennai unit

To beat crisis, Hyundai halts production for several days at Chennai unit

Rediff.com19 Aug 2019

Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.

Auto sector woes hit tyre makers hard

Auto sector woes hit tyre makers hard

Rediff.com8 Aug 2019

Tyre companies are stepping up on exports to offset declining volumes from domestic OEMs.

India's auto sector staring at a bleak future

India's auto sector staring at a bleak future

Rediff.com6 Aug 2019

286 dealers closed down in 18 months, 32,000 jobs impacted. Maharashtra leads with 84 closures, followed by Tamil Nadu and Delhi. The worst-hit is the passenger car segment.

Betting on rural market, TVS to launch BSVI version of moped

Betting on rural market, TVS to launch BSVI version of moped

Rediff.com26 Jul 2019

The prices will be decided during the time of launch, as TVS hopes that given the cost increase, the government may consider bringing down GST for two-wheelers.

Hyundai plans to launch EV for the mass market

Hyundai plans to launch EV for the mass market

Rediff.com26 Jul 2019

With Kona catering for the high-end market, the South Korean automobile conglomerate wants to introduce a product in the EV segment to address the mass segment.

What changes we can expect at Tirupati

What changes we can expect at Tirupati

Rediff.com24 Jul 2019

'Our priority is how to reduce the waiting time for people for darshan.'

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