Joy Alukkas to open showroom in Chennai
Joy Alukkas, a leader in jewellery business with 65 showrooms in nine countries, will be opening a multi-faceted international jewellery showroom in T. Nagar (Chennai). Spread over 70,000 sq. ft. in four floors, the showroom will be inaugurated on March 16.
The group already has presence in Tamil Nadu with showrooms in Madurai, Salem, Tirunelveli and [...]
BMW unveils new M3 coupe
Germany’s BMW, the world’s largest premium carmakers, on Tuesday launched the new BMW M3 coupe in Chennai.
First of the M series from BMW, M3 coupe is a two-door luxury car with a 3999cc V8 petrol engine. Top-notch performance and pure luxury combined with perfect handling render this car all reasons to justify its worth.
In view [...]
JC Middle East to set up production unit in Chennai
JC Middle East FZC, a subsidiary of JC Fabrica de Valvulas s.a. of Spain, is setting up a production facility in India to make industrial valves. JC Fabrica is a well-known maker of quality industrial valves.
The unit will come on a five-ace land at Mahindra City, near here. Construction work on the project is expected [...]
Indbank opens trading cafe in Chennai
Indbank Merchant Banking Services (Indbank), a subsidiary of public sector Indian Bank, opened its first ‘trading cafe’ for stock trading in Chennai. It plans to open another 20 such cafes and 18 new branches during 2008-09 across the country.
Indian Bank is the first public sector bank to open such a cafe for stock trading facility, [...]
Fidelity, Nexus invest Rs 80 cr in Netmagic
The Mumbai-based managed IT services provider Netmagic today announced it has received Rs 80 crore in private equity funding as part of its Rs 100 crore expansion plans.
The funding was led by Indian proprietary venture and growth capital arm of Fidelity International Ltd (FIL) and Nexus India Capital. This is Fidelity’s first investment in an [...]
Marg`s Integrated Township Near Chennai
City-based Marg Ltd (formerly Marg Constructions Ltd) has launched a mega integrated township project called Marg Swarnabhoomi, near Chennai.
The $400 million project will be developed on 1,000 acres in the Cheyyur taluk on the East Coast Road, G.R.K. Reddy, chairman & managing director of Marg, told reporters here Thursday.
The project involves the construction of two [...]
Consim Info gets $11.75 million funding
Chennai-based online company Consim Info Pvt Ltd has announced the receipt of $11.75 million as second round of funding here Tuesday.
Formerly known as BharatMatrimony, Consim Info got the investment from Mayfield Fund, Yahoo and Canaan Partners. The actual investments by each investor and the stakes they bought in Consim Info are not disclosed.
In 2006, the [...]
MRF unit reopened
Tyre Major MRF LTD on Tuesday reopened its Thiruvottiyur manufacturing facility, after more than 60 days of lockout following a dispute between the management and the unions. The managment had accused the workers of “not meeting productivity norms, and indiscipline”.
However, after Tamil Nadu government announced in the Assembly on January 30 that it will takeover [...]
CSS zeros in on Poland
Cybernet-SlashSupport (CSS) is setting up a near shore tech support facility at Wroclaw in Poland. This will be CSS first facility in Europe. The new facility in Poland will have a built-up space of 10,000 sq. ft.
CSS, which provides IT services, including tech support, remote IMS (information management system) and software testing and development, employs [...]
Mercedes-Benz unveils the new C-Class in Chennai
The Mercedes-Benz C-Class was launched in Chennai today by Mr.Sanjiv Sahajwala (Head Marketing, DaimlerChrysler India Pvt.Ltd) and Mr. KSM Musaddique (Managing Director, Trans Car India, the authorised dealership of Mercedes-Benz in Tamil Nadu). Speaking on the occasion Mr. Sahajwala commented: “To date around six million C-Class vehicles have been sold all around the globe. [...]
