All headlines under: Business


Australia opens consulate in Chennai

Observing that India’s projected energy and resources requirements are enormous, a top Australian government official today said that expanding trade in energy and resources will be a critical factor between India and Australia.
Inaugurating the Australian Consulate-General office here, Warren Truss, Australian Minister for Trade said: “Just as East Asia’s rapidly growing economy has been fed [...]

`Oxford Companion to Economics in India’ launched

 

  
Raja Chelliah, Professor Emeritus, Madras School of Economics (right), launches `The Oxford Companion to Economics in India’ edited by Kaushik Basu, Professor of Economics, Cornell University, in chennai 
The Oxford Companion to Economics in India, a reference journal for a diverse group of knowledge-seekers, was formally launched on Friday.
The volume, edited by Kaushik Basu, Professor of [...]

Four NGOs receive Japanese grant

Four non-governmental organisations in South India have received grants from the Japanese Government for projects to uplift the disadvantaged.The NGOs are the M.S. Swaminathan Research Foundation (MSSRF)- Chennai, HelpAge India- Chennai, Mitra Jyothi- Bangalore, and Dale View- Thiruvananthapuram.
A function for the exchange of the grant contract and release of cheques was held at the official [...]

Nissan, Renault, M&M to build cars in Chennai

Nissan Motor Co will set up a car factory in India with Renault SA and Mahindra & Mahindra in 2009, sources close to the matter said on Friday, giving the Japanese automaker its first manufacturing foothold in the booming Indian market.
Nissan, Japan’s third-biggest automaker, had been studying the possibility of joining an existing local partnership [...]

Ford India to consolidate market gains

Ford India Private Limited has taken a pause to consolidate its gains and incorporate into the interiors of all its models, the suggestions and feedback it has received from customers.
According to Scott McCormack, vice president, marketing, sales and service, the Ford Ikon and other models will soon sport some changes suggested by customers. “We will [...]

IT SEZ mooted in Chennai

A special economic zone for the information technology sector, comprising a convention centre of international standards and a five-star hotel, may come up at Taramani if the State Government approves the idea.
The proposal, mooted by the Tamil Nadu Industrial Development Corporation (TIDCO), envisages establishment of a SEZ for the IT and IT-Enabled Services on 25 [...]

Ford rolls out new Fiesta

To introduce the car in 3 petrol and 3 diesel versions 
 
WIDER CHOICE: Scott McCormack, Vice-President, Marketing, Sales and Service, Ford India, launching Ford Fiesta 1.4 L ZXI Duratec in Chennai on Wednesday              
Priced at Rs. 6.30 lakh ex-showroom Chennai
Model is ideally suited for city driving 
Ford India on Wednesday launched a variant of its sedan Fiesta, one [...]

Apollo ties up with Stemcyte of U.S.

U.S. firm to collect, process and store cord blood units   
Apollo Hospitals Group has tied up with Stemcyte, U.S.A., to collect, process and store cord blood cells.
Cord blood contains stem cells that can be used to treat patients with blood disorders, immune deficiency diseases and genetic diseases through a process of cord blood transplantation.
Prathap C. [...]

FrameFlow in Sony’s Imageworks fold

Sony Corp.’s Sony Pictures Imageworks has acquired a 50.1% equity stake in Indian visual effects and animation studio FrameFlow based in Chennai, South India. The company will now be called Imageworks India.
Some reports indicate that SPI acquired the stake for $5 million, but Sony officials declined comment on the sum involved.
Founded in 2003 as FrameFlow [...]

Dell’s Chennai plant to start ops mid ’07

Dell India will soon launch its first manufacturing plant at Sriperumbudur in Chennai, which is expected to begin operations in the mid of 2007. The plant will begin the production of desktop computers in the first half of this year. It will have an intial capacity of 4,00,000 desktops units per year.
In December last year, [...]

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