Page 13 - Gireesh Babu

Asirvad Microfinance planning to raise around Rs 500 cr from PE funds

Ahead of the fundraising, the microfinance firm is planning to raise Rs 150 crore from promoters

Hyundai's Chennai plant workers protest over alleged delay in wage pay

Hyundai Motor has over 2,200 permanent workers, around 3,500 trainees and another 5,000 contract workers in the Sriperumbudur facility

Aurangabad, Chennai plants may be sold, not shut: Pfizer tells employees

Both sites will immediately cease manufacturing; the company will exit both sites as soon as possible.

Pfizer to stop manufacturing operations in Chennai, Aurangabad units

Over 1,700 employees were working in these two facilities

TN govt earmarks $607 mn over next two years for heavy engineering sector

The sector has been growing at a CAGR of 8% and reached a value of $2.49 bn in 2017-18, giving Tamil Nadu the second spot in the country

Kerala to take over Thiruvananthapuram International Airport operations

The government has constituted a committee to decide on the technical-cum-financial consultant for the newly formed consortium Thiruvananthapuram International Airport

Tamil Nadu eyes major investments in state's auto, auto components industry

Tamil Nadu claims that Chennai is the largest contributor to the automobile sector in the country in terms of industrial output

Perfetti Van Melle to focus on its big brands for further growth

Some of the big brands the firm is focussing on are Centre Fresh, Centre fruit, Chupa Chups, Alpenliebe, Alpenliebe Juzt Jelly, Mentos, and Happydent

One car every 20 seconds: Tamil Nadu mantra to attract auto investments

Chennai has a total installed capacity of 1.46 mn cars, 218,000 heavy vehicles, and 4.82 mn two-wheelers, according state government data

Madras HC upholds stay on ban of online drug sale; next hearing on Jan 24

The original petition, which had appealed for a ban, was from the Tamil Nadu Chemists and Druggists Association

Freshworks strengthens top management with four new appointments

Freshworks to scale up headcount by 1000 in 2019, to reach a total of close to 3000 employees

Nissan's first global digital hub inaugurated at Trivandrum IT park

We will do our best to ensure Kerala proves to be Nissan's second home after Japan, says Chief Minister Pinarayi Vijayan

New record for IIT Madras year-end placement: 195 firms make 888 job offers

IIT-Madras's previous best was in the 2014-15 academic year when it got 1,019 offers, including for MBA.

Netmeds, Practo, 4 other firms implead in e-pharma case in Madras HC

Chennai-based Tamil Nadu Chemists & Druggists Association has sought a stay on selling medicines online

Royal Enfield asks workers to resume work at Oragadam, union refuses

A majority of the workers at Oragadam continue to report to work, according to the company

Cleveland CycleWerks aims to sell 25,000 motorcycles in India in next 3 yrs

The company plans to finalise the agreements for another 20 showrooms during the current financial year and the target is to have 40-50 showrooms in the next three years

Motilal Oswal PE invests Rs 2 bn in Ludhiana-based firm Happy Forgings Ltd

The funds would be utilised for Greenfield expansion and addition of new forging presses to improve share of value-added products

HC orders police shield for Enfield's Vallam unit as strike venue shifts

Workers had moved strike site to Vallam following curbs on protests at Oragadam, where union says production will remain affected in October too

Taurus kickstarts first investment in India with 'Downtown' in Kerala

Fujitsu expected to set up shop in the State

Govt to get ADB report on coastal shipping issues, remedies by December

Govt also discussing a tie-up to allow Indian cargo to go through rivers in Bangladesh territory