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Three more leather clusters… Curbing steel imports will hurt small business... More gensets and diesel engines from TAFE Indian Bank – global businesses crosses Rs 3 lakh crore... TVS Logistics – another acquisition to sharpen the business model Chennai to get a roundabout Metro Apple maps – finding its way Dynamic e-commerce scenario Business Briefs Realty sector takes a break... Automotive Vision Plan II... Digital retail transactions stabilise at higher level… Rating of states to be released soon Schwing Stetter India joins hands with US-based Gomaco ISRO's 100th mission Blue Star plans a new plant in south TOP 10 CEO Compensation SumInfra- corridor based development... TII-challenging year with flat growth Gem of social service... Holiday Inn opens in OMR Chennai Hero Motocorp - smooth ride Scoot offers just Rs.13,500 to ANZ... TiE applauds innovative entrepreneurs ALL-two launches in a row Housing Innovation Challenge, 2015 Veritas Finance- financing the unfinanced Nothing to hide... WABCO’s second Chennai plant STFC raises money Strategy war escalates between Hero and Honda When Centre visits the state Purdue and IIT-M sign the dotted line Ridley marathon to India Steel loses its sheen Placing the right shoe forward... Carrefour’s quick exit BRICS development bank On the ‘milky’ way Chennai will soon get its World Trade Centre Durga - India’s largest blast furnace; now operational Techies trip to India Economic issues take a back seat at G20 summit IFCI to raise NCDs upto Rs 2000 crore ALL to launch electric busses Big-ticket investments march towards Punjab Bridging the skill deficit in pharma industry Research needs more funding Tata Steel commence operations at Kalinganagar Reality bytes A global plastic event in India Backpack laboratory Flexible labour laws… Chennai Port is at last decongested! An aerospace-defence cluster in Tamil Nadu… Applauding enterprise... Focus on self-certification and third party inspection Nigeria comes nearer Waste, a gold mine Changing dynamics in human resource management Need to focus on ease of doing business... OBO Bettermann for better lightning protection TCS’ revenues cross Rs 100,000 crore Is Indian telecom industry heading for a monopoly? AirAsia India infuses funds to fight out competition ECGC expands operations ALL – truck industry is recovering from degrowth CUB: towards card-less withdrawal The new look- 4s Verna Connecting the unconnected TII’s single largest investment at Thiruthani Climate change may change the way businesses work... Business Breif Make way for the new and dynamic railways TN budget pragmatic and moderate on fiscal deficit Illicit markets a concern to growing economy Creating Tamil Nadu Banana brand Chola MS net crosses 100 crores Secured NCDs from Shriram City Murugappa- a year of consolidation Brand leaders come forward... Four daughters and a proud father Economic, business and social sustainability Sun Edison launches solar pumps Downsizing spree... LVB gears to become a financial supermarket European crisis is a global crisis! Smart controls for cooling large multi-zone spaces ... World labour laws at a glance Chola MS launches motor app Time to fast-pace the logistics sector Inclusive and forward moving... An American alliance in the chemical industry? Auto test tracks launched at GARC Oragadam campus Hyundai excites again Towards peace of mind Striking cords for 25 years… Celebration time at MS Chola Adding Zest to Scooty - Realising double digit growth in Tamil Nadu People Flow Day- Safety Investor friendly Japan Pharma market dozes Celebrating 180 years of relevance Indigo stays leader with 40 per cent share Well-refined – RIL’s refinery margins zoom Innovation that helped Chennai port Airlines wage price war Industry-well poised to invest on expansion
 
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Photo coated mugs export begins at SriCity

SRI CITY, a business city on the National Highway 5, flagged the first consignments of RN Photo Coatings. Mike Nithavrianakis, British Deputy High Commissioner did the honours. The consignment consisted of 75,000 mugs priced at about £ 900,000. Nearly 40 companies operate out of Sri City and 50 more companies will commence operations by March 2013. The total investment in the business city is Rs.800 crore. “We have a very simple approval process and RN Coatings had their first consignment ready for shipment within three months,” said Ravindra Sana Reddy, Managing Director, Sri City.

MTR’s spicy entry

MTR FOODS Pvt. Ltd., a familiar name in Indian vegetarian cuisine for 85 years, has entered the Tamil Nadu masala market with authentic pounded masalas. Sanjay Sarma, CEO, has been endeavouring to change MTRs image from that of a regional company to a national player. Spices, ready mixes and snacks are the three main categories and MTR is not letting go of its existing categories such as ready-to- at food as it continuous to be a market leader in that segment estimated at Rs 20,000 crore. The company has invested over Rs 100 crore to expand their facilities. 

IOB plans to tackle bad loans

INDIAN OVERSEAS Bank has planned to recast its lending strategy to tackle bad loans. M Narendra, CMD of IOB, unveiled plans for more thrust on the retail, SME and agricultural segments as it goes slow on corporate loans. He said the government is actively considering Rs1500 crore equity infusion during the current financial year. IOB has been in the process of recruiting over 300 rural development officers and opening 40 specialised agriculture credit branches in various states to handle agri-business.  

12 MOUs at one go

TAMIL NADU Chief Minister, J Jayalalithaa, and the Industry Secretary Vikram Kapur signed 12 Memoranda of Understanding worth Rs.20,925 crore. These MOUs are expected to provide direct employment to 36,855 people. The Chief Minister said now with a dozen companies committing to invest more than $4 billion dollars towards the creation of fresh capacities in Tamil Nadu, the over all business sentiment is getting refreshed.  

Sustainable auto industry

UL DQS India, a product certification body, Asia Society for Social Improvement and Sustainable Transformation along with the Indo German Chamber of Commerce have launched the auto sustain programme aiming at creating a sustainable and green, supply chain for the automobile industry. Planned in three phases: the first stage focuses on awareness campaigns, surveys and CEO forums to discuss and get the views of all stakeholders. The second stage trains companies with seminars and expert interaction. In the third phase selected few companies are given technical assistance and a best practices exchange forum is created.  

The programme aims to instill the culture of Corporate Sustainability Reporting into the automobile industry. This report calculates the total natural resource consumption of a company and also suggests ways for efficient usage of the same.  

Food for Thought

TO MARK its 175th year the Madras Chamber of Commerce and Industry (MCCI) began organising breakfast sessions titled Food For Thought. The FFT sessions bring on floor opposing views of experts on current and topical issues. Following its resounding success, MCCI has decided to continue with it. FFT programme aim to take up larger issues that involve economy, society, business and the community.  

Auto Serve 2012

AUTO SERVE 2012, the fifth edition of India’s focused exhibition on automotive aftermarket business, was organised by the CII (SR). R Dinesh, Chairman, Auto Serve 2012 & JMD of TV Sundram Iyengar & Sons, said that this exhibition provided a ready to use marketing and education platform for the growing automotive aftermarket business in India.  

The fragmented Indian automotive aftermarket is expected to grow to around $9.4 billion by 2015 from its present estimated size of $3.7 billion. With the population of automobiles in India exceeding 110 million and growing at the rate of 10‐12 per cent per annum, the automotive aftermarket business in India is poised for immense growth. The 3‐day event saw 100 exhibitors, 23,000 trade and business visitors, 40 sector associations from across India and overseas.  

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