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Why EV makers are flocking to Tamil Nadu

Why EV makers are flocking to Tamil Nadu

Rediff.com5 Apr 2023

At Prestige Polygon Towers in Chennai's Teynampet, hectic preparations are on for a mega global investors' meet under the aegis of Guidance Tamil Nadu (the state investment promotion agency) scheduled for January 2024. Asked about the key focus areas of the meet, the agency's managing director and chief executive officer, V Vishnu, said the state was betting big on electric mobility. This is no surprise, given that the state has signed electric vehicle (EV)-related memorandums of understanding (MoUs) with several companies in the recent past that may bring in investments worth around Rs 33,000 crore with the potential to create over 43,000 job opportunities.

South Indian Bank to name new CEO by May as Ramakrishnan announces exit

South Indian Bank to name new CEO by May as Ramakrishnan announces exit

Rediff.com30 Mar 2023

South Indian Bank is likely to name a new managing director (MD) and chief executive officer (CEO) by May end, said the Thrissur-based lender on Wednesday. The bank's shares dipped some 14 per cent at one point after MD and CEO Murali Ramakrishnan said he will not apply for an extension when his tenure ends on September 30, citing personal reasons. The bank's board on Tuesday considered Ramakrishnan's request for not intending to continue on his post and appointed a search committee for his replacement.

Luxury Carmakers Eye Small Towns

Luxury Carmakers Eye Small Towns

Rediff.com28 Mar 2023

Many of these companies have a waiting period from 6-18 months now, indicating a rise in demand.

'Complete fiction': Zoho CEO Vembu denies wife's allegations in magazine

'Complete fiction': Zoho CEO Vembu denies wife's allegations in magazine

Rediff.com15 Mar 2023

Sridhar Vembu, Zoho Corp's chief executive officer (CEO), said on Tuesday a report that he financially abandoned his wife and son is "complete fiction". An article in Forbes magazine alleged Vembu, founder of the Indian SaaS company, had abandoned his wife Pramila Srinivasan and their special needs son in the US in 2020. Srinivasan and Vembu are fighting a divorce case in California.

'We are exploring setting up an aerotropolis'

'We are exploring setting up an aerotropolis'

Rediff.com10 Mar 2023

'We would like to develop Andhra Pradesh into a logistics hub not only for India, but also for South Asia.'

'Dhoni gets the best out of the players'

'Dhoni gets the best out of the players'

Rediff.com7 Mar 2023

'It is Dhoni, Fleming and the support staff who decide on cricket.' 'The fans expect CSK to do well, and with Dhoni at the helm, CSK is capable of it.'

Major global brands finally return to Tiruppur after a long dry spell

Major global brands finally return to Tiruppur after a long dry spell

Rediff.com26 Feb 2023

Following a gap of several months, global brands like Walmart have started lifting orders from Tiruppur's garment makers, leading to growth in knitwear exports in January after five months. Knitwear exports from Tiruppur increased 1.5 per cent in dollar terms and 11.6 per cent in rupee terms in January. According to the Tiruppur Exporters' Association (TEA), global majors have started placing more orders from the region.

ISRO Satellite, Developed By 750 Schoolgirls

ISRO Satellite, Developed By 750 Schoolgirls

Rediff.com20 Feb 2023

AzaadiSAT had around 75 small payloads developed by schoolgirls of 75 rural schools.

Nod to Apple's Chinese suppliers may ring in jobs for Sriperumbudur

Nod to Apple's Chinese suppliers may ring in jobs for Sriperumbudur

Rediff.com30 Jan 2023

Local residents say until about two months ago, this board carried the name of Motorola, which once had a manufacturing unit in Sriperumbudur, 40-odd km from Chennai in Tamil Nadu. In May 2020, Luxshare Precision Industry Co, a China-headquartered AirPods and iPhone assembler, had entered into a deal with the Tamil Nadu government to take over the defunct Motorola unit.

'India's young offer growth potential for auto sector'

'India's young offer growth potential for auto sector'

Rediff.com20 Jan 2023

'The semiconductor supply is constantly improving, with visible green-shoots in the situation as compared to earlier part of last year'

Ashok Leyland's telematics is a next gen solution

Ashok Leyland's telematics is a next gen solution

Rediff.com14 Jan 2023

According to reports, by last year, the company has helped its customers save 15 per cent on costs -- around 5-6 per cent on fuel and 15 per cent on fleet utilisation through digital measures.

Tata Motor's Mission 2045: Electric, Flex-fuel And Hydrogen ICE

Tata Motor's Mission 2045: Electric, Flex-fuel And Hydrogen ICE

Rediff.com13 Jan 2023

'Battery electric, hydrogen fuel cell and hydrogen ICE, could be the three technologies which have the potential of being zero emission and that are what we will have to work on,'

Best City For Women To Work Is...

Best City For Women To Work Is...

Rediff.com10 Jan 2023

'That the South and West regions are more women-friendly in terms of employment is not a surprise.'

Toy makers face a 'glocal' challenge

Toy makers face a 'glocal' challenge

Rediff.com30 Dec 2022

The Chinese dependence is far from over, industry players are also citing a shortage of electronic toys in the country.

India may become a supply hub for Apple iPhone

India may become a supply hub for Apple iPhone

Rediff.com20 Dec 2022

If reports that Apple Inc plans to triple its iPhone production in India come true, it is likely to help the country become a supply hub for the American company. There are some 190 Apple suppliers globally, but only 12 have manufacturing facilities in India now. Apple's strategy is to focus on India and a clutch of other countries as it diversifies its supply chain out of China.

Funding for space start-ups zooms

Funding for space start-ups zooms

Rediff.com30 Nov 2022

The race for space has got real, and it is attracting funding like never before. In 2022 so far, funding to private players in the space sector has jumped a whopping 61.5 per cent - soaring to $108.52 million compared to $67.2 million in 2021. Propelling it is the government's decision to open up the space sector to private players and the work done by companies like Skyroot Aerospace, the Hyderabad-based start-up behind the launch of India's first privately developed rocket on November 18.

Vikram-S private rocket launch could be India's SpaceX moment

Vikram-S private rocket launch could be India's SpaceX moment

Rediff.com17 Nov 2022

'The current launch is a sounding rocket, this cannot be called a milestone. The importance is this is for the first time a private player is doing it.'

Byju's asks 170 staff to resign: Kerala govt seeks amicable solution

Byju's asks 170 staff to resign: Kerala govt seeks amicable solution

Rediff.com28 Oct 2022

The Kerala government on Thursday called for a meeting with executives from Byju's on November 2 to find an 'amicable solution' regarding forced resignations of nearly 170 Kerala-based employees of the edtech firm. Though a meeting was called by the officials of the labour department on October 25, the company did not participate in it, citing short notice. "We are trying to solve this issue in an amicable and re-conciliating fashion.

How Mamallapuram Came To Be Top Tourist Site

How Mamallapuram Came To Be Top Tourist Site

Rediff.com25 Oct 2022

Mamallapuram's Group of Monuments -- a collection of 7th- and 8th-century religious structures -- attracted 46 per cent of the total foreign tourists who visited India compared to 12 per cent by the Taj.

Isro launches 36 OneWeb satellites in first commercial launch for LMV-3

Isro launches 36 OneWeb satellites in first commercial launch for LMV-3

Rediff.com24 Oct 2022

On Sunday, at 12.07 am in Sriharikota, off the coast of the Bay of Bengal, it was almost like an early Diwali, with the sky lit up by the launch of 36 OneWeb satellites. The Indian Space Research Organisation (Isro) did the launch on a 43.5-metre-tall Geosynchronous Satellite Launch Vehicle Mark III (GSLV Mk III) rocket. After the countdown, which started 24 hours in advance, once the mega screen marked the launch, a select group of invitees at the gallery cheered by applauding the feat.

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