Montan Hydraulik’s second unit in Chennai
Montan Hydraulik (India) has recently inaugurated its second unit in Sholavaram. The company has been jointly promoted by Montan Hydraulik of Germany and Indian promoters, Ashok B. Rao, Ms. Sandhya Rao and their associates.
The existing unit of Indian outfit is located in Ambattur Industrial Estate and is engaged in designing production and installation of hydraulic [...]
Bangalore-based firm to set up mall in Chennai
Brigade enterprises, a Bangalore based real estate company, on Friday announced establishment of a shopping mall and a three star hotel at Chennai.
The company’s director Vinnet Verma told a press meet that the hotel would come near the TIDEL park here and the mall would come at Rajiv Gandhi Road, the IT corridor in the [...]
Taiwan company to sell laptop for Rs 13k
Taiwan’s Asustek is set to launch its Eee PC range of low-cost laptops in India by January, the company’s head of Indian operations said. The company will sell the cheapest model for Rs 13,000, inclusive of duties. The device, running on a chipset specifically designed for it by Intel and marketed under the Asus brand, [...]
British Telecom to have 51 Percent stake in Accel Frontline
Accel Frontline Ltd will soon become a subsidiary of British Telecom. The Chennai-based IT company is 42 per cent owned by Frontline Technologies Corporation (FTC) of Singapore, 30 per cent by the Indian promoter Accel Ltd, and by Indian public.
Today, it was announced in the Singapore stock exchange that British Telecom, through BT Singapore Pte [...]
Nokia plans $75mn investment in Chennai
Nokia today announced an investment of $75 million at its manufacturing plant in Sriperumbudur, Chennai for 2008.
According to a release issued by Nokia, the investment is geared towards enhancing the capacity of the manufacturing plant. The plant currently employs approximately 6,000 people.
Nokia has so far invested $210 million in its Chennai operations. Today’s investment announcement [...]
India faces huge job loss, 20 lakh people at risk
The government on Tuesday said as many as 20 lakh people may become jobless in the export sector which has been hit hard due to rupee appreciation vis-a-vis dollar in the last one year.
Replying to a question in Lok Sabha, Commerce Minister Kamal Nath said 20 lakh people may face unemployment if remedial measures were [...]
IBM websphere tops application software market
IBM’s Webshere has been ranked as the market leader in the Application Deployment Software market in India by research firm IDC.
According to IDC Packaged Software Tracker 2006, IBM Websphere’s market share stood at 28 per cent, a release from the software major said here on Tuesday.
IBM has bagged significant customers in the previous financial year [...]
Primex group, Rakeen form real estate joint venture
Rakeen, a joint stock global business company promoted by the government of Ras-Al-Khaimah UAE and Chennai-based mineral conglomerate Primex Group, on Monday said it will invest up to $5 billion over the next five years for different real esta te projects in India.
The two partners have formed a real estate joint venture - Rakiendo Developers [...]
UTV Software snaps ties with Astro, Malaysia
With Walt Disney eyeing an increased stake in UTV Software Communications, the Mumbai-based entertainment and media production arm of UTV, has decided to call off its association with Malaysian media company Astro Multimedia International.
UTV Software and Astro had entered into a co-operation arrangement earlier this year via a company - GenX Entertainment - to to [...]
Dell to invest $30 million in Sriperumbudur unit
Dell is committed to investing around $30 million in its Sriperumbudur unit over the next few years, company officials told Chief Minister M. Karunanidhi here on Monday.
A Dell team, headed by Kip Thomson, Senior Vice-President, Global Facilities; Richard Nelson, Senior Manager Global Services; and Pramod Jain, Tax Director, met Mr. Karunanidhi along with the Chief [...]
