Page 7 - Chennai

Kotak fund invests Rs 940 cr in IPO-bound diagnostics chain Neuberg

Neuberg Diagnostics, promoted by GSK Velu, is planning to use the pre-initial public offering fundraise to boost its merger and acquisition ability

'DMK supporter, not member': Stalin on Anna University sex assault accused

DMK chief MK Stalin accused the Opposition of finding fault with his government even after the accused was arrested within a few hours and after evidence had been gathered

Tata Electronics gets CCI's nod to acquire majority stake in Pegatron India

The Competition Commission of India (CCI) on Tuesday approved Tata Electronics' proposal to acquire a majority stake in Apple's contract manufacturer Pegatron Technology India. Tata Electronics Pvt Ltd (TEPL) is a wholly-owned subsidiary of Tata Sons. TEPL have expertise in manufacturing high-precision components for large customers. The proposed combination envisages TEPL to acquire the majority shareholding of Pegatron India in two tranches, CCI said in a release. TEPL, through Tata Electronics Systems Solutions (formerly known as Wistron Infocomm Manufacturing (India), is also engaged in the provision of electronics manufacturing services (EMS) for smartphones. The fair trade regulator also granted nod to Tata Electronics to transfer the business undertaking of TEL Components, an wholly-owned subsidiary of TEPL, to Pegatron India. "Commission approves the acquisition of certain shareholding of Pegatron Technology India Pvt Ltd (Pegatron India) by Tata Electronics Pvt Ltd (TEPL)

Despite moderation, India will be fastest growing economy: N Chandrasekaran

Tata Group Chairman N Chandrasekaran highlighted three major transitions in the world, including shift to renewable energy, that are moving in line with India's strengths

Chennai sexual assault case: NCW assessed security at Anna Univ, met SIT

The protesters demanded the resignation of the Tamil Nadu Chief Minister and demanded strict action against the university

Student assault: BJP to take out 'justice rally' from Madurai to Chennai

Stepping up heat on the ruling DMK over the student sexual assault case, the BJP's state unit on Monday announced that the party's women's wing will take out a rally from Madurai to Chennai, seeking justice for the victim. BJP state president K Annamalai, announcing the protest, alleged the accused belonged to the DMK and there were attempts to "conceal the truth," in the matter. Condemning this and the atrocity inflicted on the women, the BJP's state Mahila Morcha, under its chief Umarathi Rajan, will take out the "justice rally" from Madurai to Chennai and will set off from the southern city on January 3, he said in a post on 'X.' "It has been decided, that upon completion of the rally in Chennai, a memorandum will be presented to the Tamil Nadu Governor on demands by the women's wing," Annamalai added. Madurai is located about 450 km from here. A 19 year-old student was sexually assaulted inside the campus of Anna University, a premier technical varsity, prompting outrage from

Anna University sexual assault case: SIT probe and FIR leak spark outrage

The Anna University sexual assault case has sparked protests and a SIT probe, with Madras HC directing Rs 25 lakh compensation for the survivor, while an FIR leak raises privacy concerns

Student sexual assault on Anna University campus sparks row: All we know

The 37-year-old accused had been arrested in 2011 on charges of sexually assaulting another woman on the same campus

When Zoho CEO Vembu wanted to hire Trump's new AI advisor Krishnan

Born in Chennai, Krishnan's life took a pivotal turn when he persuaded his father to buy him a computer. He later became a well-known figure in the technology world of Silicon Valley and beyond

TVS Emerald buys land in Chennai for Rs 2,800 crore real estate project

TVS Emerald has bought a 12-acre land to develop a real estate projects worth about Rs 2,800 crore. The company did not disclose the cost of the acquisition of the land, which is located on Radial Road (PTR) in Chennai. The land will have a development potential of 2.5 million square feet and a revenue potential of Rs 2,800 crore, the company said in a statement. This marks the third acquisition of land by TVS Emerald in the current fiscal. Earlier, the company acquired a 4-acre land parcel in Padur, Chennai and a 4-acre parcel in Thanisandra, Bengaluru. Sriram Iyer, Director & CEO, TVS Emerald, said, "This landmark acquisition, reinforces our commitment to strategic growth and market leadership in Chennai and Bengaluru." By securing this land on the premium Radial Road corridor, he said, the company is expanding footprint and creating substantial value for its stakeholders. "This move aligns perfectly with our vision of developing world-class properties in high-potential ...

Who is Sriram Krishnan, the Chennai techie chosen by Trump as AI advisor?

Sriram Krishnan is expected to shape the Trump administration's AI policy. In 2021, Krishnan and his wife Aarthi Ramamurthy gained recognition as the hosts of a podcast

Tamil Nadu achieves milestone with over 10,000 DPIIT-registered startups

Tamil Nadu has achieved a milestone by registering over 10,000 startups with the Department for Promotion of Industry and Internal Trade (DPIIT), under the Union Ministry of Commerce and Industry, the state government said on Sunday StartupTN has played a crucial role in nurturing the ecosystem by implementing various schemes and initiatives like funding programmes, mentorship opportunities and incubation support, StartupTN Mission Director and CEO Shivaraja Ramanathan said. The state's startup ecosystem has been 'thriving' with 9 regional hubs and a metro hub in Chennai, providing a robust infrastructure for budding entrepreneurs to grow, he said. "Tamil Nadu has achieved a remarkable milestone of 10,000 DPIIT registered startups, a significant jump from 2,300 in March 2021. This exponential growth can be attributed to the revival of StartupTN under the leadership of Chief Minister M K Stalin focusing on supporting startups and fostering innovation," Ramanathan said in a social med

IndiGo launches daily direct flights between Chennai and Penang in Malaysia

IndiGo has launched daily direct flights between Chennai and Penang in Malaysia on Saturday, becoming the 37th international destination for the private airliner. The new route caters to the growing demand for travel between the two cities, offering both business and leisure travellers a convenient and affordable option, IndiGo said in a statement on Saturday. "We are extremely pleased to further expand our network into Malaysia with the launch of direct flights from Chennai to Penang, our third destination in Malaysia, alongside Kuala Lumpur and Langkawi. With the inclusion of these flights to Penang, IndiGo will now operate 28 weekly flights to Malaysia from 2 cities in India" IndiGo Head of Global Sales Vinay Malhotra said in a statement. At the inaugural ceremony, Chennai Airport director C V Deepak handed over the boarding pass to the first passenger on Saturday. "Your gateway to Malaysia's crown jewel! The inaugural flight (6E1045) of IndiGo from Chennai to Penang was marked

Watch: Ravichandran Ashwin returns home after announcing retirement from international cricket

People extended a warm welcome to cricketer Ravichandran Ashwin as he arrived at his residence in Chennai, a day after announcing his retirement from international cricket.

Taiwan laptop maker MSI begins manufacturing in India with Chennai facility

Taiwanese laptop maker MSI on Tuesday announced the commencement of its manufacturing operations in India with its first facility in Chennai. In line with the objective of "Make in India", MSI will introduce locally-produced versions of two laptop models -- the MSI Modern 14 and MSI Thin 15, a company statement said. "India has become one of MSI's fastest-growing markets, with the brand consistently expanding its presence across the country. "As demand for high-performance laptops continues to rise, MSI is excited to contribute to India's thriving tech ecosystem by offering locally manufactured devices that meet global standards," the statement said. To enhance the accessibility of products in India, MSI is increasing the number of touchpoints, including more laptop brand stores and availability at Croma and Reliance Retail, it added. The India-made Thin and Modern series of laptops will be available at retail prices starting at Rs 73,990 and Rs 52,990, respectively. Looking ahea

ICMR sets up India's first diabetes biobank in Chennai for research

The country's first diabetes biobank, a repository of population-based biological samples aimed at supporting scientific research, has been established in Chennai by the Indian Council of Medical Research (ICMR) in collaboration with the Madras Diabetes Research Foundation (MDRF). The biobank set up at the MDRF, Chennai aims to gather, process, store and distribute biospecimens to assist scientific studies with the permission of the ICMR. The biobank will facilitate advanced research on the causes of diabetes, the variations of the Indian type of diabetes and related disorders, said Dr V Mohan, chairman of the MDRF and Dr Mohan's Diabetes Specialities Centre. The biobank has blood samples from two ICMR-funded studies -- the ICMR-?India Diabetes (ICMR-?INDIAB) study conducted in all states and Union territories in phases from 2008 to 2020 and the "Registry of people with diabetes in India at a young age at the onset", which was launched in 2006 and is still ongoing. A plethora of bl

Aim to open 100 hospitals by 2025: Maxivision Super Specialty Chairman

Leading eye care provider Maxivision Super Specialty Eye Hospitals has launched its 48th facility in Tamil Nadu as it targets to establish about 100 hospitals nationwide by 2025, a top official said on Friday. Established under the vision of 'Project Velicham' in association with the Tamil Nadu government, the hospital in Kumbakonam spread over 7,000 sq ft of land, offers two operation theatres, six consultation rooms, and specialised clinics for diabetic retinopathy, cornea, glaucoma, dry eye, pediatric eye care services, among others. Tamil Nadu Minister for School Education Anbil Mahesh Poyyamozhi formally inaugurated the hospital on Friday, in the presence of Kumbakonam MLA G Anbalagan, Maxivision Group CEO VS Sudheer, and others. "Our new hospital in Kumbakonam reflects Maxivision's commitment to making top-notch eye care accessible to every corner of Tamil Nadu. Through this expansion, we aim to strengthen our position as leaders in the eye care sector,.." said Maxivision Supe

Tamil Nadu schools shut as heavy rains lash state; IMD issues yellow alert

Schools in Tamil Nadu remain closed due to heavy rains, with the IMD predicting more showers, while Northern India braces for a cold wave starting December 9

Rockwell Automation betting on turning India into manufacturing hub

After utilising India's strengths in IT and software for its global operations, Rockwell Automation is betting on turning India into an important manufacturing hub, a senior company official has said. The US-headquartered automation major has started work on a factory in Chennai that will get commissioned in two phases, its president for Asia Pacific region Scott Wooldridge told PTI on the sidelines of the company's automation fair here. "both for software development and for manufacturing, we see India is going to be a very important hub for Rockwell," Wooldridge said at a time when the country is trying to increase the contributions of the manufacturing industry in the overall economy. The company had taken initial steps on manufacturing in the country about two years ago and the Chennai plant will be an extension of the same, he added. It can be noted that many global companies have been looking at the 'China plus one' strategy, which aims to reduce the reliance on India's north

Lumina Datamatics to acquire Chennai-based TNQ Tech for Rs 336 crore

Lumina Datamatics on Monday said it has signed a definitive agreement to acquire a 100 per cent stake in TNQ Tech, a Chennai-based digital publishing technology company. The acquisition is expected to be completed in two tranches, with 80 per cent stake to be purchased by December 31, 2024, and the remaining 20 per cent by July 31, 2026, company MD and CEO Sameer Kanodia said. "The first tranche will cost Rs 336 crore, with the second tranche's price determined by future EBITDA metrics. "This acquisition will collectively strengthen us to over 6,500 employees globally and establish us amongst the dominant service providers in the world of digital content," he said. Post acquisition, TNQ will become a stepdown subsidiary of Datamatics Global Services, according to a regulatory filing. Lumina Datamatics is a subsidiary of Datamatics Global Services. Kanodia further said the acquisition will enable Mumbai-based Lumina Datatmatics to strengthen its suite of AI-enabled technology and .