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Catholic Syrian Bank asks employees to retire at 58, seeks to cut costs

Prem Watsa's Fairfax India Holdings secured two board seats, including the chairman's post, when it acquired a 51-per cent stake in the bank.

Global business summit fetches Tamil Nadu investments worth Rs 3 trillion

State signs agreements worth over Rs 3 trillion at the end of the two-day Global Investors Meet.

Hyundai seeks incentives, infra support from govt for electric vehicles

The company showcased Kona at the Global Investors Meet. It is an electric car, which can run upto 350 kms with a one-hour charge

TN GIM 2019: State aims to launch electronics manufacturing policy in Feb

Tamil Nadu electronics industry aims to capture 10% of $1-trillion opportunity in India

Adani, IOC top investors on Day-1 of Tamil Nadu Global Investors Meet

Other large commitments come Hyundai, CEAT, Mahindra Group and Salcomp, state hopes to exceed Rs 2 trn MoU target by as much as 25% on conclusion

HAL wants to outsource production of advanced light helicopters Dhruv

A Request for Proposal will soon be called to select an Indian private company for complete transfer of technology

IndianOil signs Rs 16,641 cr MoU with Tamil Nadu at Global Investors Meet

PSU major plans to ramp up retail outlet network in the state, upgrade storage and fuel handling; two mega gas distribution projects on anvil

TN Global Investors Meet: Adani Group to invest Rs 12,000 crore in state

Karan Adani said Tamil Nadu is one of the most progressive states in India

Japanese carrier ANA Airline to start service from Japan to Chennai

The direct service will not only boost commercial tie-ups but will also help in promoting culture and tourism between South India and Japan

Tamil Nadu's new policy aims for major push to aerospace & defence sector

Defence Minister Nirmala Sitharaman released the policy at the inaugural ceremony of the state Global Investors Meet 2019

Laid path to make Ashok Leyland great company from average: MD Vinod Dasari

In a Q&A, the CV man of the South, as he is known, talks about his 14-year stint at the company, and the road map he laid to catapult it into big league

Cheap labour cost makes Indian textile mills turn to Ethiopia

The reason? Ethiopia offers ready-to-use sheds, income tax breaks, training subsidies, and a tax-free gateway into the US, Europe and China

TVS Motor Company reports 15.5% growth in PAT in Q3; revenue grows by 26%

The company's revenue grew by 26% during the third quarter to Rs 4,664.6 crore in the current quarter of 2018-19 from Rs 3,703.1 crore in the quarter ended Dec 2017

Bring in the bubbly: Uber Eats' strategy in hiring Alia to boost brand

With the Bollywood actress at her bubbly best in a new campaign, the fight for the number three slot in online food ordering is getting stiffer

Tamil Nadu eyes Rs 2.4 trn investments from second Global Investment Meet

Adani, GMR, Hyundai, Saint Gobain among companies to sign MoUs; state has already cleared proposals worth Rs 65,000 cr, which are likely to be signed at GIM 2019

Indian textile mills heading to Ethiopia to take on Bangladesh, Cambodia

The African nation offers much cheaper labour and power, apart from easier access to key markets, plug-and-play infra for new plants, and friendly tax laws

One-Indian-One-Price among a slew of demands made by AIMO to boost MSMEs

Uniformity in stamp duties for property mortgages across states, GST exemption, interest on refunds from governments, early settlement of NPA are among other demands made by the trade body

Tamil Nadu to set up Rs 250 crore-fund to help form 5,000 startups

The state will invest Rs 75 crore in the fund and the first tranche of Rs 25 crore will be allotted in 2019-2020

Promoters enter fray for Coastal Energen power, offer up to Rs 3,500 cr

SBI-led lenders had taken over the firm after it failed to repay Rs 6,000 cr; while Adani emerged as final bidder for the project, the I-T-tainted ETA Star Group now offers to buy its project back

Slowing automobile sales make component makers in India more cautious

Domestic passenger vehicle sales dropped marginally in December, even as car sales declined 2%