Page 5 - Gireesh Babu

Cholamandalam Investment pre-tax profit up 9.4% in December quarter

The company will be issuing shares to promoter entity Cholamandalam Financial Holdings, to raise around Rs 300 crore in one or more tranches

Al-Kharafi to invest Rs 49,000 cr to set up petroleum refinery in TN

Chief Minister Edappadi K Palaniswami said that Al-Kharafi is expected to set up a petroleum refinery in compliance with BS-VI emission norms

Q3 results: CIFCL PBT grows 9.4% at Rs 522.90 crore, income up by 23%

The company will be issuing shares to its promoter entity Cholamandalam Financial Holdings Ltd to raise around Rs 300 crore in one or more tranches

There will be process to give citizenship to Sri Lankan Tamil refugees: FM

She said that combining the CAA and the proposed National Register of Citizens is not right, since the details of NRC has not been discussed or finalised

No wish for laws treating businesses with suspicion: FM Nirmala Sitharaman

This, after Tata Sons chairman said that businesses need supervision and not suspicion

Online pharmacies see record funding in 2019, investments double to $321 mn

The industry experts are expecting more activity in the segment, especially if a delayed regulatory framework takes place during the current year.

GMR to develop, operate & manage duty-free outlets at Kannur Airport

Under the concession agreement, GAL would design, finance and operate the Duty-Free shops at Kannur International Airport for a period of 7 years, which is extendable by 3 more years

Gems & jewellery sector banks on Centre's support for growth

Government support may help the industry to mark growth in 2020, compared to decline in 2019

Cholamandalam Finance raises Rs 400 crore Tier-II debt from CDC Group

The fund is raised through 10-year Rupee Denominated Masala Bonds

Shriram Properties planning to launch IPO after Union Budget, this year

The company has an approval to raise around Rs 1250 crore through primary and secondary markets

Prasad flags off laying of high-speed cables linking Chennai to Port Blair

He on Thursday also said state-owned BSNL is a strategic asset of the country and it was his mission to make it one of the top companies of India

Several policy initiatives to enhance ease of doing business in Kerala: CM

A slew of legislative and procedural initiatives have already been put in place, he said

Hindustan Unilever stops Tata from patenting technology for water purifier

In 2012, Tata Chemicals was successful at the Intellectual Property Appellate Board (IPAB) in revoking one of HUL's patents related to water purifier

Under the Palaniswami-led AIADMK, Tamil Nadu has quietly climbed to the top

The state's ranking in agriculture and allied activities and in commerce and industrial ranking has raised a few eyebrows

Karur Vysya Bank MD and CEO P R Seshadri resigns citing personal reasons

The Board of Directors of the Bank accepted the resignation on the day and he will be relieved from services on March 31, based on his request

Apollo Hospitals to bring down promoter-pledged shares to 25-30%

The acquisition of shares by HDFC is expected to be completed by January 9, 2020, said AHEL

NIT Trichy alumni commit $3 mn for alma mater's research work, scholarships

The effort is to create several PhD scholars from the institute, in areas like Artificial Intelligence, Machine Learning and Internet of Things

PE, venture capital deals in healthcare, health tech firms grew 16% in 2019

Surge defies economic slowdown and a pricing and insurance issues, as healthcare is seen as a necessity from consumer's perspective

IIT Madras to scale up pre-incubation centre for 100 student start-ups

Institute to tap public and private sector to raise CSR funding to support the budding enterprises

Angry young people: Voices from the India's streets in response to CAA, NRC

The sentiments of students and their supporters being expressed on streets across India's cities