ICAI chief’s Hindi push enrages chartered accountants in Tamil Nadu
In a message, ICAI President Nihar N Jambusaria had exhorted members of India’s apex body for CAs to promote Hindi and adopt it in their everyday work. That message has not gone down well with auditors based in Tamil Nadu.
Sterlite Copper plant in Tamil Nadu is back in the spotlight
The DMK government in Tamil Nadu is under pressure to reopen the Sterlite Copper plant in Thoothukudi, more than three years after its closure, as copper imports mount and prices of the metal rise in the face of a domestic production shortfall.
CSK’s IPL win to boost T20’s popularity worldwide, says N Srinivasan of India Cements
The popularity of the team and its ‘Captain Cool’ would definitely trigger interest in countries like the US for franchise-based cricket, says India Cements boss.
Rane Madras acquires steering components business of Yagachi Technologies
The takeover is expected to enhance Rane’s leadership position and share in the domestic passenger vehicle market.
GOCL Corporation plans direct foray into defence sector
The Hinduja-owned firm says one area could be electronic detonators. The company also plans to monetise assets to take on competition from smaller regional players.
Will the cement prices go up further?
Cement price has been a politically sensitive subject. The Confederation of Real Estate Developers’ Associations of India (CREDAI) Tamil Nadu Chapter has always accused cement manufacturers of collusion in fixing prices.
India Cements has (Captain) Cool treat for dealers, fans to mark its 75 years
India Cement dealers, CSK fans will virtually come face-to-face with Mahindra Singh Dhoni at a live event on Tuesday evening
Great Lakes Institute founder, management guru Balachandran passes away
Great Lakes not only made him an iconic figure in management education but also redefined the status of Tamil Nadu in the international academic arena
Flosil Group to expand in India, overseas in quest to become a multinational
The family-owned group will deepen its focus on four areas – gaskets, fasteners, innovative coatings and cleaning products
Auto incentive scheme: Is it too little, too late for Ford India?
Barely a week after Ford said it would stop making cars in India, the government introduced incentives for manufacture of electric and hydrogen-fuel cars. Some experts believe Ford should reconsider its decision
Analysis | Tamil Nadu govt’s NEET challenge evades the bigger issue of poor academic standards
Having raised the pitch against NEET during the elections to the State Assembly, Chief Minister MK Stalin has to show action now. But competitive politics that may win votes can be injurious to society.
Mounting losses, confused strategy and bad timings—all that went wrong for Ford in India
Ford, whose losses in India have mounted to over $2 billion, has decided to shut down operations in India, which it says is a difficult market
India Cements planning plant in MP, debt repayment of Rs 551 crore
Rising work-from-home culture and govt incentives fuelling increase in construction activities, says N Srinivasan, who was elected as MD for five more years.
Sundaram Home Finance sees strong growth potential in small towns: MD
As the second wave of Covid-19 abates, Sundaram Home Finance's managing director Lakshminarayanan Duraiswamy says there is a positive sentiment in the market across all constituents—developers and homebuyers
Sahara Group company’s insolvency case throws up fresh conundrum
The issue is how to proceed with the insolvency case against Baghauli Sugar and Distillery when the Supreme Court had restrained the parent Sahara Group from disposing of any property
CavinKare goes for major business reorganisation, targets Rs 5,000 crore in 3 years
CavinKare 2.0 to focus on innovation, e-commerce and synergies among divisions. Company expected to launch slew of e-commerce specific brands/products.
Thejo Engineering to come out with 2:1 bonus issue
Thejo would dip into its reserves for the proposed bonus issue. Post the bonus issue, the share capital of the company would breach the Rs 10-crore limit.
Chennai Super Kings' FY21 profit slips 20% YoY to Rs 40.26 crore
It reported revenue of Rs 253.69 crore for the year under review, down from Rs 356.53 crore in the preceding year.
Karvy Imbroglio: A trip down memory lane
It all began sometime in late 2019 when the SEBI learnt that Karvy had pledged the shares of its clients without their knowledge to raise funds for the group firms.
India-Afghanistan trade, business take back seat amid political uncertainty
India’s primary concern now is to secure its citizens in Afghanistan and fly them home. Business and economics have been pushed back for the moment and a waiting game is on.
NCLT verdict in Siva Industries case questions commercial wisdom of banks
The ruling echoes apprehensions of a parliamentary panel that recommended a code of conduct be framed for lenders to define and circumscribe their decisions in corporate insolvency resolution cases
Tamil Nadu government sets up high-level agriculture panel
Firstly, the aim is to bring an additional area of 11.75 lakh hectare under net area sown so as to increase the present cropped area from 60 percent to 75 percent.
Time not ripe for fiscal consolidation, TN finance minister says in budget
Tamil Nadu’s revenue deficit is expected to widen to Rs 58,692.68 crore because of the current, exceptional times, finance minister Palanivel Thiaga Rajan said, but that does not detract from the DMK government’s commitment to fiscal rectitude and consolidation
NCLT rejects Siva Industries settlement offer, orders liquidation
Tribunal found settlement plan ambiguous; called it a ‘business restructuring plan'.
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