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 [...]
Jilla Movie Photo Gallery
Jilla remake of Bhageeratha in Telugu.Ravi Teja and Shriya are in the lead roles. Krishna Lanka is an island in Godari districts. The only way of commuting to that island is by boats. Lots of people die due to bad whether conditions while they travel. Krishna Lanka’s President Bullebbai (Vijay Kumar) wants to have a [...]
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. [...]
HCL launches testing unit in Chennai
IT major HCL Technologies today announced the launch of Electro Magnetic Compatibility and Durability Test Lab at its facility at suburban Ambattur.
Addressing reporters here today, HCL Corporate Vice-President (Engineering and R&D Services) G H Rao said this was the first of its kind private technology facility to obtain the ISO/IEC 17025 from the National Board [...]
CPCL to revamp Chennai refinery for Rs 5,000 cr
Chennai Petroleum Corp plans to invest Rs 5,000 cr for revamping its Chennai refinery to enhance the quality of manufactured petroleum products.
The revamping would be completed by 2009 and CPCL would bear the entire cost of the project, company’s General Manager (Maintenance) D Selvaraj said.
The company also plans to supply Euro4 quality Petrol in the [...]
Thotta Movie Photo Gallery
Thotta which was shelved for two years, due to financial problems, was restarted following both the actors career boosts. Priyamani did well in Paruthiveeran and Jeevan in Naan Avan Illai. The movie Thotta is directed by Selvah and produced by Srinidhi Arts and presented by M. Bhaskar’s Oscar Movies.
After ‘Machaakkaaran’, Jeevan takes extra care to [...]
