Ford to expand Chennai plant; set up global engg, tech centre

Last Updated: Thursday, September 10, 2015, 22:12

US auto major Ford Motor Co Thursday confirmed fresh investments to expand capacity at its manufacturing plant here besides setting up of a new global engineering and technology centre.

Chennai airport modernisation work to take off soon

Last Updated: Wednesday, August 26, 2015, 18:12

The modernisation of the city airport, which has been hit by a delay, is set to take off finally with the Airport Authority of India deciding to shortlist a global consultancy firm for the Rs 2,300 crore works to be completed in three years.

Renault-Nissan may cut 3,000 jobs in India

Last Updated: Thursday, August 20, 2015, 15:18

Renault-Nissan also plans to reduce production at its plant near Chennai.

After Xiaomi, Lenovo to manufacture smartphone in India

Last Updated: Tuesday, August 18, 2015, 16:52

China's Lenovo on Tuesday said it has started making smartphones in India through contract manufacturer Flextronics, as it looks to cut cost to take on competition.

RPP Infra bags two contracts worth Rs 728 million

Last Updated: Tuesday, July 28, 2015, 15:42

Infrastructure firm RPP Infra Projects has bagged two contracts from Chennai Corporation worth Rs 728 million (Rs 72.8 crore) for developing storm water drain projects.

Bosch plans to invest Rs 400 cr in Chennai facility

Last Updated: Tuesday, July 21, 2015, 15:21

Bosch is planning a major investment in its Chennai facility, Head, Brand (Stores), V Ranjith Nair, said here.

IOC to invest Rs 1,000 cr to raise stake in CPCL

Last Updated: Monday, July 20, 2015, 22:06

State-owned Indian Oil Corp will invest Rs 1,000 crore for raising stake in Chennai Petroleum Corporation Ltd by subscribing to preferential issue.

Maran questioned for second day by CBI

Last Updated: Thursday, July 2, 2015, 13:50

Former Telecom Minister Dayanidhi Maran was quizzed by CBI for second consecutive day in connection with the alleged use of over 770 high capacity BSNL data lines at his three residences in Chennai and Delhi.

Kansai Nerolac to sell Chennai land for Rs 550 crore

Last Updated: Monday, June 29, 2015, 21:06

Industrial paints maker Kansai Nerolac on Monday said it has entered into an agreement with realty firm Brigade Properties to sell its land in Chennai for Rs 550 crore.

Unitech raises Rs 70 cr from Piramal group for Chennai project

Last Updated: Sunday, June 28, 2015, 16:10

"We plan to raise Rs 150-200 crore funding through private equity and structured financing to meet working capital needs of our ongoing projects," Chandra had said.

Daimler India inaugurates bus plant near Chennai

Last Updated: Wednesday, May 27, 2015, 15:07

Commercial vehicle maker Daimler India Commercial Vehicle, a 100 per cent subsidiary of Stuttgart-based Daimler, on Wednesday inaugurated its new bus manufacturing facility set up at an investment of Rs 425 crore at Oragadam.

Nokia withdraws plea to sell Chennai unit as buyer backs out

Last Updated: Tuesday, May 26, 2015, 14:52

Nokia India on Tuesday withdrew from Delhi High Court its plea seeking permission to urgently sell its mobile manufacturing unit in Chennai, which was frozen over a Rs-10,000 crore claim raised by the Income Tax department, saying the proposed buyer has backed out.