Archive : Business News

Nagercoil DMK legislator A Rajan joined the main opposition AIADMK on Tuesday, a day before the State Assembly elections. It is to be noted that sitting Cuddalore MLA G Aiyappan, who was suspended by the Dravida Munnetra Kazhagam party high command a couple of days ago, too has joined the All India Anna Dravida Munnetra Kazhagam. He enrolled himself in the AIADMK in the presence of its general secretary [...]

Nov 13, 2010: Tamil Nadu Chief Minister and DMK president M Karunanidhi Friday put up a staunch defence of Union Telecom Minister A Raja and said there was no need for him to quit or for the party to speak to the Congress on the subject. “What wrong has he done? He only went by the rules,” Karunanidhi told reporters in Chennai amid growing clamour for the Minister’s sacking from the Union [...]

Nov 13, 2010: Prime Minister Manmohan Singh on Friday assured that the alliance between the Congress and the Dravida Munnetra Kazhagam (DMK) was intact. Speaking to reporters on board his special aircraft, Manmohan, who was returning from Seoul, where he attended the G20 Summit, said that it was for the Congress high command to “take note” of AIADMK general secretary Jayalalithaa’s offer [...]

Nov 13, 2010: Union Telecom Miniser A Raja on Friday said there was no question of his resigning from the Cabinet as he had done nothing wrong during the 2G spectrum allocation process. Speaking to reporters in New Delhi, he said, “The question of resigning does not arise at all… we will prove that everything has been done according to the law.” He was also critical at the AIADMK supremo J Jayalalithaa [...]

Nov 13, 2010: Chief Minister M Karunanidhi on Friday called for unity and healthy discussions among all political parties in Tamil Nadu to find a solution to the Cauvery river water issue with Karnataka. “Instead of accusing each other for not obtaining Cauvery water, let’s unitedly solve it. We are prepared to work jointly. If you are willing, you can get your leader’s permission and let’s [...]

Nov 13, 2010: Tamil Nadu Finance Minister K Anbazhagan informed the Assembly on Friday that the State government will consider importing cement to check the rising prices if it is economically viable. Replying to CPI legislator V Sivapunniyam in the Assembly, he said the government was making all efforts to reduce the price of cement. Anbazhagan referred to the recent discussions Chief Minister M [...]

Please find attached a press release on Mr Sourabh Sen, Co-Chairman of Astonfield Renewable Resources Ltd. being conferred with the Udyog Rattan Award and his company Astonfield has been awarded the Excellence Award. The Institute of Economic Studies, established in 1980 to study and discuss problems concerning various aspects of the Indian economy confers this award every year to felicitate luminaries [...]

Health Secretary Mr.V.K.Subburaj Inaugurated cardiac screening in Oxymed Hospital. Oxymed Hospital held a special function for World Heart Day. The function was attended by Tamilnadu Government Health Secretary Mr.V.K.Subburaj, Star Health Insurance Chairman Mr.Jaganathan and Retired DME (O.S.D) and Dean of Madras Medical College Mr.M.Dhanpal. Dr.Ayaz Akbar Chairman of Oxymed Hospital said that Oxymed [...]

Sep 25, 2009: Ford India on Thursday announced its Rs 1,500 crore expansion plans by setting up new engine manufacturing unit to increase its car production from the current output of one lakh to two lakh per year. An agreement was signed between Ford company and Tamil Nadu government in this regard. The agreement was singed by Industries Secretary Farooqui on behalf of the government and Ford managing [...]

Chennai : Shree Cement Limited, the largest cement manufacturer of North India and among top five cement manufacturers in the country, despatched 8.30 lac metric tonnes in July 2009 and registered 42.61 % growth over the corresponding month in 2008 when it despatched 5.82 lac metric tonnes. The total cumulative despatch for the current fiscal (April- July’ 09-10) was 31.32 lac metric tones, which [...]