Page 4 - T E Narasimhan

India's share in our EV sales to be more than any others: Volvo India MD

Car maker says four out of five cars it sells in India will be electric by 2025; globally, EV sales will be 50% of company's total

Aggregate annual PE deal value has doubled, count up over 60% in last 5 yrs

With the exception of sectors like telecom and utilities, PE investments have outperformed capital markets with an average IRR of 29 per cent

Tamil Nadu will return to double digit growth next year: State admin

State is expected to register positive growth rate of 2.02% in 2020-21 as against an all-India negative growth rate of 7.7%

Tamil Nadu budget: Fiscal deficit may widen by 5% of GSDP to Rs 96,890 cr

State tax revenue seen declining by 18%, says Deputy CM and Finance Minister Panneerselvam, while presenting interim budget

TVS Motor Company appoints Timothy Prentice as Vice President for design

Prentice specialises in advanced design planning, and TVS expects his experience in designing high-performance electric vehicles to take its EV line-up design to the next level

Sannareddy's share holdings in Megasoft reclassified under public category

Ravindra Sannareddy promoted Megasoft in 1999 and has been instrumental in the growth of the Company, to opt out of Promoter category.

Shriram Capital appoints K P Krishnan as Chairman, effective Feb 19

Krishnan comes with diverse experience of a little under four decades with the central and Karnataka governments

IFC, TCCL and EverSource to back WABAG's hybrid annuity model project

WABAG will execute Engineering, Procurement and Construction (EPC) portion of this project over 24 months followed by O&M of 15 years

From Cognizant to HCL, India Inc opens up purse for employee retention

HCL had announced a one-time special bonus of $90 million earlier this month to employees around the world as it crossed the $10-billion revenue mark

Diversification paying, new segments form 26% of business: Greaves Cotton

Greaves Cotton's revenue in the third quarter of Financial Year 2020-21 was Rs 495 crore compared Rs 520 crore a year ago

Madras HC stays Erode municipality's tender award for Smart City project

Erode Municipal Corporation had called bids to operate and manage the centre, which would bring in data pointers from various sources such police, transport, water, sewerage, and power under one roof

IIT Madras researchers show the way for more effective drugs to treat HIV

Using molecular dynamics simulations, the research team have shown that introducing electrostatic interaction sites on potential drug molecules can enhance the efficacy of the antiviral

Auto part makers shift to top gear as industry's growth accelerates

After being stalled by the economic slowdown and the pandemic, growth is accelerating rapidly for the industry

India to spend Rs 7.5 trillion on oil and gas infra in next 5 yrs: PM Modi

Noting that India imports over 85% and 53% of its oil and gas requirements, respectively, the PM says the country is working to meet growing energy demand and prune imports

Apollo Hospitals to establish 3D-printing labs for printing of implants

The lab will provide anatomical models that are life-size replicas of a patient's anatomy, accurately reconstructed from their CT/MRI scans into 3D models, which can be created in multiple materials

Ashok Leyland ups sourcing of clean energy, to cut carbon footprint by 60%

Hinduja Renewables, part of the Hinduja Group, has built a solar plant for Ashok Leyland

Pegatron, Tata Electronics, others ink Rs 28k-crore pacts with TN govt

The project is expected to create jobs for 18,250 people, officials said

Freshworks crosses $300 mn in ARR, closes 2020 with 40% YoY growth

The firm's record year featured new product offerings, strategic acquisitions to accelerate AI and an expanded executive team to fuel its next phase of growth

Ashok Leyland picks 26% stake in Prathama Solarconnect for Rs 19 cr

The company has reported a loss of Rs 76.97 lakh in 2019-20

Allahabad Bank merger: Combined CBS platform a success, says Indian Bank

This is the final step in the amalgamation, with data of 3,000-plus branches and all channels of erstwhile Allahabad Bank migrating seamlessly to Indian Bank database