The Madras High Court had passed an interim order banning oil marketing companies from selling bulk diesel at market rates to the state owned transport companies.
The commercial vehicle (CV) industry has been struggling this past year. There was some relief when the government stated that its primary aim is to boost growth. However companies are bracing for a bumpy ride this coming year as well, reports CNBC-TV18's Swathi Narayanan.
Its advantage Chennai, as India's most-anticipated annual tennis tournament kicks off in the city. But while the Chennai Open has been able to draw big stars and big crowds onto centre-court attracting big sponsorships though is proving to be a tougher game this year. CNBC-TV18's Swathi Narayanan finds out why.
With the government opening up the retail sector to FDI, health care major Apollo Hospitals is looking to form a JV with a foreign partner for their pharmacy business. Infact the management has confirmed to CNBC-TV18 that they are in talks with Walmart and other companies in US and Europe for a possible retail JV.
Chennai is turning into a luxury hotspot with the city seeing a surge in branded hotels and the number of rooms expected to grow by 50% next year.
Auto companies are having a rough ride. On one hand, increasing petrol prices are raising demand concerns. On the other, the rupee's fall is increasing cost concerns. And now in a bid to protect margins, car majors are opting for the only way out...increasing localisation, reports CNBC-TV18's Swathi Narayanan.
Tamil Nadu is seeing investments flow in. The government has signed MoU's worth Rs 7850 crore today and this is just the beginning. CNBC-TV18's Swathi Narayanan reports.
The Tamil Nadu government is keen on boosting investment in the state. And that explains why the state budget presented in assembly saw a definite thrust on the manufacturing sector. But it's the tax on alcohol that has everyone talking
With Tamil Nadu being the largest producer of wind power in the country, wind energy companies feel the sector can go a long way in easing the state's ongoing power crisis. But a lot depends on what the FM Has in mind for the sector this budget, reports CNBC-TV18’s Swathi Narayanan.
While dealing with fiscal challenges is likely to be the FM's core focus this Budget, the pharma industry, on its part, hopes that Pranab Mukherjee will also look into some of their long standing demands. CNBC-TV18’s Swathi Narayanan and Archana Shukla report on the pharma and healthcare sectors' wishlist for Budget 2012.
It is a double blow for the leather industry in Tamil Nadu. First the crisis in Europe affecting demand and now acute power shortage is hampering production, reports CNBC-TV18's Swathi Narayanan.
The job of the regulator is not just about making regulations and enforcing them.
Royal Enfield motors seems to be cruising on a totally different road. With leisure-riding still attracting customers, the iconic bullet manufacturer's sales are so high that the company is ramping up its new plant to keep up with accelerating demand, reports CNBC-TV18's Swathi Narayanan.
It is the season of annual general meetings, and it was Spice Jet’s turn today. With the Kalanithi Maran at the helm, SpiceJet is looking to put behind a bad first quarter where is reported a loss of Rs 70 crore.
At a time when the anti corruption movement is grabbing eyeballs, P Kishore, MD of Everonn has been arrested by the CBI on bribery charges. CNBC-TV18's Swathi Narayanan reports.
On May 13, Jayalalithaa stormed into power in Tamil Nadu, winning 150 seats in the 234-member house. CNBC-TV18's Swathi Narayanan takes a look at amma's 100 days in power.
The results of the 13th assembly elections in Tamil Nadu are out and it is a decisive victory for J Jayalalithaa. So, does the rise of Jaya mean sun-set for the Maran brothers’ Sun Network? CNBC-TV18’s Swathi Narayanan reports.
The battle for power within Kasturi and Sons, and the Hindu, the newspaper, continued over the weekend. N Ravi, editor of the newspaper, is not ruling out legal action against his brother and editor-in-chief of the Hindu, N Ram.
The two brothers N Ram, the editor-in-chief of The Hindu and N Ravi, the editor of the paper decided to take the thier differences public.
What happens to projects and policies in Tamil Nadu in the gap of one month till the next government comes into power in Tamil Nadu? CNBC-TV18's Swathi Narayanan finds out.
Chennai Super Kings—it's a brand that has suddenly acquired a whole lot more punch. Evidence: new sponsors, and exciting merchandise.
Vodafone and Essar may be parting ways, but they are continuing to fight like only partners can!
The first light commercial vehicle from the Ashok Leyland-Nissan joint venture, Dost, is ready to hit Indian roads. The two parents are certain that this is the beginning of a beautiful friendship, reports CNBC-TV18’s Swathi Narayanan.
The dyeing industry in Tirupur has come to a complete standstill. This is all because, the madras high court ordered them to remain closed till they completely stop environmental degradation.
In what comes as a blow to the textile industry in Tirupur, the Madras High Court on Friday ordered the closure of all the dyeing units in Tirupur. This move will cause a loss of Rs 42 crore to the knit-ware industry every day.