Page 12 - Gireesh Babu

Resolution professional for insolvent Orchid Pharma to invite new EoI

The NCLT issued its order after Ingen failed to deposit Rs 1,000 cr for the creditors

BJP, AIADMK announce alliance in Tamil Nadu for 2019 Lok Sabha polls

As per the agreement, BJP has been allocated 5 seats

Workers strike at Tiruvottiyur factory illegal as notice not served: MRF

The workers alleged that they were forced to go on strike in response to the company's decision to install surveillance cameras and delay the wage settlement

Zoho Corporation to expand headcount, geographies and data centres

It is also expanding presence to new markets and may double its data centres from the current eight in next two to three years

Apollo Hospitals to sell assets to reduce promoter pledged shares

The company had used the pledged share funds to infuse money into the joint venture Apollo Munich Health Insurance Company to meet the solvency ratio and both the partners had to invest into it

Tamil Nadu allocates Rs 2,681 crore for Chennai Metro Rail in state budget

amil Nadu Deputy Chief Minister and Finance Minister O Panneerselvam said the phase-I of Chennai Metro Rail project, which covers two corridors stretching 45.01 km, would be fully commissioned during

Kerala in talks with Fujitsu and Hitachi to invest in state: Thomas Isaac

300 people have already been employed at Nissan Technopark

Kerala Budget raises spending by 14% despite tough fiscal situation

A Comprehensive Family Health Insurance Scheme was announced and Rs 800 crore earmarked. Total allocation in health and education is around Rs 4,000 crore each

Kerala fiscal condition not looking good, lowest growth in 3 decades: Issac

State FM says trend may continue in FY20, expenditure can't be curbed since Kerala is yet to fully recover from aftermath of floods; govt pegs loss at Rs 15,000 cr

Indian Bank's Dec quarter net profit slumps 50% mainly on IL&FS exposure

NCLT proceedings and court cases have not been moving at the pace that the bank expected

Global business summit fetches Tamil Nadu investments worth Rs 3 trillion

State signs agreements worth over Rs 3 trillion at the end of the two-day Global Investors Meet.

Adani, IOC top investors on Day-1 of Tamil Nadu Global Investors Meet

Other large commitments come Hyundai, CEAT, Mahindra Group and Salcomp, state hopes to exceed Rs 2 trn MoU target by as much as 25% on conclusion

Laid path to make Ashok Leyland great company from average: MD Vinod Dasari

In a Q&A, the CV man of the South, as he is known, talks about his 14-year stint at the company, and the road map he laid to catapult it into big league

Tamil Nadu Defence Industrial Corridor attracts Rs 3,123 cr of proposals

The corridor is also named Tamil Nadu Defence Production Quad, as the nodal cities form a quadrilateral

EdTech will see more firms maturing, attracting larger investments: experts

PE/VC investments in education and edtech has grown to $759 million in 33 deals in 2018, from $189 million in 24 deals the previous year

Agri-tech start-up WayCool Foods raises Rs 120 cr via equity, debt

Posts annual revenue run rate of Rs 250 crore and 20x expansion since last funding

Pfizer offers severance package to employees of Chennai, Aurangabad units

The package offers statutory bonus, gratuity and a compensation of 75 days' wages for every completed year of service. An early bird incentive of Rs 7 lakh has also been offered

IIM Kozhikode incubated Wudi starts AI-based career advisory programme

Wudi has developed an AI-based talent and skill discovery platform, calling it Wudi, to use its algorithms to assess the talents in a candidate

GST Council nod to calamity cess a precedent for other states: Kerala FM

He said the problem with GST was that it did not give states the flexibility to raise additional resources to address local problems such as natural calamities

Pvt colleges to study legality of quota move amid fears of dip in quality

Institutions also fear that the admission process will become more cumbersome