With the aim to have more seating capacity even more than Eden Gardens and Melbourne Cricket Ground, the Tamil Nadu Cricket Association (TNCA), is planning to construct a stadium in Chennai for the World Cup of 2011, which is to be co-hosted by India, Pakistan, Bangladesh and Sri Lanka.

The stadium is being built on a 50-acre site in Karunkuzhipallam village in Kanchipuram district which is 25 kilometers outside Chennai. This advanced stadium will also have retractable roof to prevent wash outs. However, the contractor has yet to be found by TNCA.

Public sector lender Indian Overseas Bank has informed that it will soon raise Rs 700 crore through bonds to meet capital requirements.

The bank further stated its board of directors has approved the issue of unsecured, reedemable bonds, which will be raised shortly.

According to sources, the bank is in talks with state-run insurer Life Insurance Corp of India to sell bonds up to Rs 700 crore. The bonds will have a 15-year maturity, with call option at the end of the 10th year.

Chennai/Srinagar/New Delhi, August 27 : Muslim clerics on Wednesday accused the lawmakers for politicizing the issue of Amarnath land allotment to Shri Amarnath Shrine Board (SASB) in Jammu and Kashmir.

Jammu and Kashmir has been witnessing agitations and protests for almost past two months on the issue of allotment of land to SASB for setting up temporary camps for the devotees taking part in the annual Amarnath yatra.

Chennai-base

Cybernet-SlashSupport (CSS), the company providing tech support, software testing and development and remote infrastructure management (RIM) services, has opened a new IT Services facility in Chennai.

The facility is located on a leased 2-acre infrastructure at MEPZ, near Tambaram, Chennai.

CSS, which employs around 5,000 professionals, also has an offshore facility in Coimbatore. The company has two facilities in the U. S., a near shore facility in Poland and a redundancy centre in Singapore.

Chennai, Aug. 15 : Tamil Nadu Chief Minister M. Karunanidhi on Friday promised that his DMK-led Government would implement the recommendations of the Sixth Pay Commission approved by the Union Cabinet to the satisfaction of all employees.

Unfurling the national flag and addressing the people from the ramparts of Fort St. George on the occasion of the country’s 62nd Independence Day here, Karunanidhi said orders to this effect would be issued shortly.