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KKR signs deal to buy 10% stake in Shriram Gen Insurance for Rs 1,800 cr

KKR's investment builds on strong tailwinds in the Indian general insurance space and SGI's continued expansion into new segments and investment in its digital capabilities

Power crisis: Inter-ministerial coordination in spotlight again

Numbers indicate that the availability of rakes or freight wagons is a key issue that may lead to a possible power crisis by June

Boosters for all: Pvt hospitals in a bind over new pricing, old vax stocks

Some Kolkata hospitals have decided to go with the new pricing from Monday on the basis of discussions.

LNG price volatility a cause of concern for consumers: Nakul Raheja

We see a very bright future for gas in India, said Shell Energy India's Raheja, In terms of long term LNG prices, volatility has been a lot less

Media and entertainment industry in South sees 15% growth: CII report

The industry in South is currently valued at around Rs 74,900 crore

Puma, Nike footwear maker Hong Fu to invest Rs 1,000 cr in Tamil Nadu

20,000 jobs to be created, boost for footwear industry in state; Hong Fu has been manufacturing and selling sportswear since 2003

Chennai declared world's cheapest FDI location for electronics R&D

Chennai emerged as the cheapest location in top 100 electronics FDI destinations, with estimated annual operating costs of $1.24 mn for a 50-person R&D centre

Ford denies being in talks with Tamil Nadu govt for EV unit in Chennai

The talks are said to have started after the government approved Ford's proposal for manufacturing and exporting EVs as part of the Rs 25,938-crore production-linked incentive (PLI) scheme in February

Tamil Nadu to create 10,000 more startups by 2026, says Tansim CEO

Tansim is the nodal agency for start-ups in Tamil Nadu and is working on a new start-up policy to boost the new investor eco-system in the state.

Traffic at Indian ports jumps after trouble in the Colombo port

The political and economic uncertainties in Sri Lanka and the congestion at the Colombo port are forcing more ships to turn towards Indian ports in recent months.

Manipal HealthMap acquires Hyderabad-based Medcis PathLabs in all cash-deal

Through this acquisition, Manipal HealthMap will have access to additional 19 laboratories, including one NABL accredited central laboratory in Hyderabad.

IOC, L&T, ReNew announce joint venture for India green hydrogen business

IndianOil and L&T to form separate JV to manufacture and sell electrolysers.

Explained: Why Bharat Petroleum Corp divestment is on the slow track

Delays in due diligence, policy opacity and now the Ukraine crisis have brought the process to a near-standstill

Real estate group Alliance sells 3,686 homes worth Rs 2,290 cr in FY22

The company has lined up new launches of over 25 mn sq ft of residential projects for FY23

Tangedco to raise Rs 7,600 cr via bonds; may import coal for summer demand

Tamil Nadu's state power utility has decided to import 4.8 lakh tonnes of coal as demand surges

Demand for EV bike prompts Boom to pause bookings, refund some customers

Tamil Nadu-based Boom Motors plans an additional investment of Rs 350 crore to maintain success of brand launched in November.

Chip shortage still a challenge for commercial vehicle players: STFC MD

In an interaction with Shine Jacob, Revankar says the company is expecting a growth rate of 10 per cent in assets under management (AUM) in 2022-23

SpiceJet inks pact with Credit Suisse on $24-million dispute

In a separate case, top court asks airline to settle share-purchase dispute with Marans by Apr 12

States begin doing away with Covid restrictions; Delhi removes no-mask fine

Some states like Tamil Nadu are, however, taking a cautious approach, and are yet to announce major relaxations

EVs face a burning question of safety after serial fire incidents

Serial fires in green two-wheelers in a week raise questions about the regulation and safety standards of this fast-growing section of the automobile industry