T E Narasimhan
T E Narasimhan
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TN forms special team to verify illicit mining in Thoothukudi district
Move comes after District collector was transferred
 "TN forms special team to verify illicit mining in Thoothukudi district")
Ghosn bets on Datsun to drive India business
Revived after 30 years, Renault-Nissan chief hopes the brand will help him capture 10% of the market by 2016
 "Ghosn bets on Datsun to drive India business")
Everston infuses Rs 200 crore in Hinduja Leyland Finance
In three years, HLF has established its presence in over 600 locations in 19 states
 "Everston infuses Rs 200 crore in Hinduja Leyland Finance")
TVS Motor to dilute stake in TVS Energy
Three companies have shown interest including Mytrah Energy, Orient Green Power and Green Infra
 "TVS Motor to dilute stake in TVS Energy")
Tuticorin salt industry done in by high costs
The state government is taking back 1,500 acres of land used for salt farming
 "Tuticorin salt industry done in by high costs")
BPCL in talks with Manali Petro for its petchem palns
Plant is expected to provide revenues to the tune of about Rs 4,000 crore to the government in terms of taxes
 "BPCL in talks with Manali Petro for its petchem palns")
Madras HC restrains FIIs from voting in Tamilnad Mercantile Bank
The FIIs, who held shares in TMB include Ramesh Vangal and former Mckinsey chief Rajat Gupta
 "Madras HC restrains FIIs from voting in Tamilnad Mercantile Bank")
Jaya proposes certain amendments in Food Bill
Writes to PM saying union govt unilaterally, hastily promulgated National Food Security Ordinance, 2013
 "Jaya proposes certain amendments in Food Bill")
By the Adayar
The author goes for a morning walk on Boat Club Road where Chennai's super-rich live
Madras HC restrains FIIs from voting in Tamilnad Mercantile Bank
FIIs, who held shares in TMB include; Ramesh Vangal, Former Mckinsey Chief Rajat Gupta
TVS Motor announces new assembly line in Uganda
Last week company announced commissioning of an assembly line at Nakuru, Kenya
Sun TV net up 12% at Rs 184.78 crore
Revenue including income from IPL was up 41% at Rs 601.85 crore
 "Sun TV net up 12% at Rs 184.78 crore")
PM asks BHEL to take lead in developing solar power technology
India's Jawaharlal Nehru National Solar Mission seeks to develop 20,000 MW solar power generating capacity by end of 13th 5-year plan
 "PM asks BHEL to take lead in developing solar power technology")
'High retail inflation due to cyclical, distribution problems'
Central bank head believes, at demand level inflation has come down; some sacrifice for growth needed
 "'High retail inflation due to cyclical, distribution problems'")
Shriram City plans to raise Rs 1,000 cr
The fund raising plan comes at a time when the company has set a target to grow 25-30% in CAGR
 "Shriram City plans to raise Rs 1,000 cr")
Cholamandalam Investment plans to raise Rs 300 crore
May look raising the money through private equity, QIP and other routes
 "Cholamandalam Investment plans to raise Rs 300 crore")
PE firms ready to deploy $2 bn in Indian real estate sector: Cushman & Wakefield
Says there is strong growing trend towards investments in ready office space
 "PE firms ready to deploy $2 bn in Indian real estate sector: Cushman & Wakefield")
Chola Invest Q1 profit up 30%
Total income rose to Rs 762 crore from Rs 558 crore in the same period, registering 37% growth
Cholamandalam Investment decides to halt gold loan lending
Its gold loan disbursed, outstanding stands at Rs 19 cr that constitutes less than 1% of net managed assets
 "Cholamandalam Investment decides to halt gold loan lending")
