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LVB rejects reappointment of CEO

Lakshmi Vilas Bank Crisis - shareholders vote against reappointment of seven directors LVB HAS BEEN placed under prompt corrective action (PCA) by the RBI. As it was struggling to get out of PCA, it drew an unparalleled ire from the shareholder community. They threw out resolutions relating to the appointment of

Equitas Small Finance Bank IPO News

NO SMALL JOURNEY FOR EQUITAS SMALL FINANCE BANK FROM A MICRO-FINANCE firm to a bank, it has been quite a journey for Equitas. So much has changed in 23 summers since P N Vasudevan set out to float his own enterprise way back in 2007. Today, this has become a significant

Grinntech signing MoU with Tamil Nadu government

WITH A GRINN (TECH),  THEY MOVE FORWARD THESE ARE WELL-KNOWN faces in this  part  of the country. Dr V Sumantran, an auto industry veteran and Lakshmi Narayanan, former vice-chairman of Cognizant, are on the board  of this nascent venture, Grinntech. An investor-backed start-up, this one specialises in lithium- ion batteries for

Real Estate Chennai recovering post pandemic

Real Estate development flourishing in Chennai: Favorable factors for Real Estate flourishing in chennai: 1. Continued growth and expansion of the IT sector not affected by Covid-19 pandemic 2. Pent up demand of the Covid months 3. Steep fall in interest rates for housing 4.Ambitious Government programme assuring hosuing for all with liberal occasions.

Unleashing the agri potential

Data released on the state of the economy for the first quarter showed agriculture as the one green sector that performed well with a positive growth of 3 per cent. The sector has the potential for double digit growth. The enactment of three bills relating to fundamental reforms of the

He drove Chennai into a higher plane

In 1979, after two decades of production, Ashok Leyland was still dawdling along with a modest capacity of just around 10,700 medium and heavy vehicles. Capital investments were modest. Sales were at Rs 135 crore and net profit: Rs 6.91 crore. Competitor Tata Motors (then TELCO) had capacity of around

My Tryst With Covid-19

Tamil Nadu was the earliest among states to tackle the Covid-19 pandemic. Chief Minister E K Palaniswami assisted by TN Minister of Health and Family Welfare, Dr Vijaya Bhaskar and a prized team of senior civil servants, acted fast. Capacities available with the government and private hospitals, educational institutions... were

Uneasy track

Even in the 1950s through 1970s India had a reputation for constructing a large number of railway and power transmission projects in a number of countries in Africa, South East Asia... IE has referred to BHEL winning orders for high pressure boilers from Malaysia in the 1960s even before its

Reliance – bringing the world to India

“Dhirubhai is not in the pink of his health. The stroke he suffered a couple of years ago appears to have caused partial paralysis of his right arm. As he was getting down the platform after the press conference was over, leaning on the shoulders of chief executive Malhotra, the

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