All stories by Shine Jacob
Mercedes Rules Luxury Cars Segment
Rediff.com2 days agoFor the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way
Adidas, Nike supplier Hong Fu enters India to foot manufacturing push
Rediff.com6 days agoTaiwanese footwear major Hong Fu Industrial Group - a supplier to Nike, Converse, Vans, UGG, Puma, Adidas, Reebok, HOKA, Under Armour, and ON (a Swiss sportswear brand) -marked its India entry on Monday, with the ground breaking ceremony of the Rs 1,500-crore footwear manufacturing facility at the SIPCOT Industrial Park in Panapakkam, nearly 85 kms from Chennai.
Dhoni Beats Bachchan, SRK!
Rediff.com5 Dec 2024Dhoni endorses 42 brands to Bachchan's 41 and SRK's 34.
Global Footwear Majors Betting Big On Tamil Nadu
Rediff.com28 Nov 2024The state is in the process of grooming a supplier ecosystem, for which India is almost entirely dependent on imports.
Textile hub Tiruppur weaves a comeback as exports spring back to life
Rediff.com12 Nov 2024After experiencing an 11 per cent contraction in exports in 2023-24 (FY24) due to a dip in exports for 10 consecutive months from April to January, the Tiruppur textile industry is back on track in 2024-25 (FY25). The cluster, which contributes 55 per cent of the country's total knitwear exports, posted a 13 per cent increase in the first five months of this financial year (FY25), with August seeing a 22 per cent rise - the highest in over two years.
Lulu IPO ends with 25X oversubscription, becomes largest IPO in UAE this year
Rediff.com7 Nov 2024Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches, excluding cornerstone investors, generating demand exceeding $37 billion-a record for a private sector IPO in the United Arab Emirates. The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date.
Maruti Suzuki eyes two-fold jump in exports after historic high in October
Rediff.com5 Nov 2024Maruti Suzuki India Ltd (MSIL), the largest passenger vehicle manufacturer in India, has set a road map to expand its global presence by targeting exports of 800,000 units by the end of this decade -- almost double the approximately 280,000 units sent abroad in 2023-24, Rahul Bharti, executive director, corporate affairs, told Business Standard. The company's upcoming electric vehicle (EV) strategy is expected to play a crucial role in its global ambitions.
Firecrackers Capital Sivakasi Faces Uncertain Future
Rediff.com24 Oct 2024Sivakasi is fighting for survival, thanks to the ban on firecrackers in Delhi, regulations in several other cities, pandemic-imposed sales dips, the ban on the use of barium nitrate...
Royal Enfield announces 1st assembly unit in Bangladesh
Rediff.com23 Oct 2024Indian motorcycle maker Royal Enfield on Tuesday announced starting a manufacturing unit and a showroom in Bangladesh, marking a major industrial development in the neighbouring country where the former prime minister Sheikh Hasina fled in August after weeks-long protests against her. The manufacturing facility in Chauddagram in Cumilla district is Royal Enfield's sixth outside India and besides the one in Tamil Nadu. Royal Enfield, the global leader in the mid-size motorcycle segment, has set up the facility in collaboration with IFAD Motors.
Samsung Plant To Resume After 37 Day Strike
Rediff.com18 Oct 2024Employees were told to return to work from Monday onwards for a fresh start for improved production.
Tata leaves behind an unfulfilled dream: A Nano EV
Rediff.com11 Oct 2024From Tetley Tea to Jaguar Land Rover and Air India, Ratan Tata has ticked off almost every item on his bucket list. However, one that remains unfinished is the electric version of his small car, the Tata Nano. A concept entrusted to Coimbatore-based Jayem Automotives (Jayem Auto) is still on the shelves, despite nearly 400 cars being launched, primarily due to Covid-19 and new crash norms.
Workers' strike still on at Samsung Chennai unit despite pay hike offer
Rediff.com9 Oct 2024Workers' strike at Samsung Electronics plant at Sriperumbudur entered 30th day on Tuesday with no end in sight as Centre of Indian Trade Unions (CITU), the union leading the charge, claimed that its major demands are yet to be fulfilled. This is despite the company agreeing to pay a special incentive to the employees.
Foxconn arm to infuse Rs 13K cr to set up TN factory
Rediff.com9 Oct 2024The Tamil Nadu government on Tuesday cleared the Rs 13,180 crore project by Yuzhan Technology, part of Taiwan's Foxconn Group, at Kancheepuram. The unit is reportedly expected to assemble smartphone display modules, which will be one of the first such units to cater to Apple's growing presence in the country. The unit is expected to generate at least 14,000 jobs. Of the 14 existing manufacturing units in the Apple supply chain, seven are based in Tamil Nadu.
Why Vettaiyan May Become A Blockbuster
Rediff.com8 Oct 2024'The combination of star power, compelling storytelling, and action-packed drama promises to set the box office ablaze and kickstart the new quarter on a spectacular high note.'
Why 30-Day Samsung Strike Continues
Rediff.com7 Oct 2024Although the company has shown willingness to talk to its workers and accept their key demands, it is CITU that is causing a roadblock to a solution.
Willing to negotiate with workers directly: Samsung
Rediff.com30 Sep 2024Samsung India is willing to sign a long-term wage settlement and negotiate directly with its workers for an amicable resolution of the dispute, the company's lawyer said on Friday, terming the ongoing employees' strike at the Sriperumbudur plant "illegal". Lawyer Anand Gopalan, who is representing Samsung India in the high court of Chennai and the Kanchipuram District Court, said the company would only negotiate with its workers and not with any third-party leaders.
Is Vijay The Highest Paid Actor In India?
Rediff.com30 Sep 2024And possibly in all of Asia, going by his reported fee of Rs 275 crore for Thalapathy 69, his coming movie.
Can Renault India turn around its fortunes?
Rediff.com28 Sep 2024'We are very quickly going to announce the timeline of our launches, which should start giving us the turnaround'
Samsung: Workers paid 1.8x of average industry salary in Sriperumbudur
Rediff.com25 Sep 2024As the strike by Samsung Electronics employees in Sriperumbudur on the outskirts of Chennai entered its 16th day, the company on Tuesday claimed that it is paying 1.8 times of the average salary that manufacturing workers in the region are getting. "At Samsung India, the welfare of our workers is our top priority. "The average monthly salary of our full-time manufacturing workers at the Chennai plant is 1.8 times the average salary of similar workers employed at other companies in the region,"a Samsung statement said.
The Hotelier Who BJP Apologised To
Rediff.com24 Sep 2024Sree Annapoorna Sree Gowri Shankar is a familiar name across the country. With over 1,500 employees, it is renowned for its filter coffee and Keerai Vada throughout Tamil Nadu. Its operating revenues range from Rs 100 crore to Rs 500 crore.