Chennai News

Citi may find it difficult to get buyers for its Polaris stake

US banking giant Citigroup, which was reportedly in talks with some potential buyers to offload its stake in Polaris Software Lab Ltd, is facing several challenges to the deal, thanks to a cap on Citi's voting rights.4:30 PM on November 22

'If more Indian women worked, $35 bn could be added to country's GDP'

If more Indian women worked, $35 billion dollars could be added to the country's Gross Domestic Product (GDP) over the next five years, an economic analyst has claimed.3:30 PM on November 22

EID parry acquires 48% stake in U.S. Based Nutraceuticals Company

As part of the growth strategy for the Nutraceuticals business, EID Parry (India) Ltd. has acquired a 48% strategic stake in US Nutraceuticals, LLC. based in the State of Florida, USA engaged in the Nutraceuticals business under the name Valensa International. Going forward, EID Parry will be jointly managing this company with the existing promoters and professionals. EID Parry's manufacturing and research facilities will support Valensa's operations.12:01 AM on November 22

Charges by Karunanidhi instigated by insiders, say Marans

The Maran brothers, Kalanidhi and Dayanidhi, Friday alleged that charges were being levelled against them by their grand-uncle and Tamil Nadu Chief Minister M. Karunanidhi due to the 'instigation of selfish elements' in the family.9:30 PM on November 21

Indian fishermen held in Sri Lanka may be released soon

Seventeen Indian fishermen arrested by Sri Lanka for fishing close to the island's shores Nov 18 may be released soon, the central government has informed Tamil Nadu.6:00 PM on November 21

Pyramid Saimira says most 'Kuselan' distributors compensated

Entertainment major Pyramid Saimira Thursday claimed it has compensated film exhibitors and distributors for the losses due to the Rajnikant-starrer 'Kuselan' to the 'satisfaction of all', but admitted 'delays' in four districts.11:31 PM on November 20

Court seeks Tamil Nadu government's response in phone-tapping scandal

The Madras High Court Thursday ordered the Tamil Nadu government, including Chief Secretary K.S. Sripathy, to respond in three weeks in the case of telephone tapping of media and politicians.11:31 PM on November 20

Retired state officer, wife, domestic murdered in Chennai

Former head of a state-run company, his wife and teenaged domestic help were found brutally murdered in their house here Thursday, the police said.9:01 PM on November 20

'Citigroup cannot dilute its stake in Polaris Software'

Banking software major Polaris Software Lab Ltd Thursday said Citigroup, which has 43 percent stake in the IT company, cannot sell its holdings unilaterally.8:31 PM on November 20

Court seeks report on Chennai law college violence

The Madras High Court Thursday said the students responsible for last week's violence at the city law college should be proceeded against impartially without political interference.8:30 PM on November 20

Madras Aluminium Co. cuts production by 60 percent

Hit by demand slump and high input costs, Madras Aluminium Co. Ltd (Malco), one of the leading integrated aluminium manufacturers in the country, has decided to cut down production by 60 percent.7:02 PM on November 20

Pyramid Saimira agrees to compensate theatres for 'Kuselan' losses

Entertainment major Pyramid Saimira has agreed to compensate Tamil Nadu distributors and theatre owners for the losses incurred over Rajnikant starrer 'Kuselan', which bombed at the box office.6:00 PM on November 20

Wickremasinghe happy over India's help for Tamils

Sri Lankan opposition leader Ranil Wickremasinghe Thursday expressed satisfaction over India's moves to provide relief to the civilian population displaced by war in his country.2:30 PM on November 20

Sri Lanka fighting continues to dominate Tamil tinsel town

In a bid to show his solidarity towards Sri Lankan Tamils, superstar Rajnikant has urged his fans to avoid celebration of his birthday on Dec 12.1:30 PM on November 20

Retired official, wife, domestic murdered in Chennai home

The high profile former head of a state-run company, his wife and teenage domestic help were found brutally murdered in their ransacked Chennai home Thursday, police here said.12:02 PM on November 20