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