Tamil Nadu

Jaitley hints at special steps to boost public spending

Arun JaitleyChennai: With one-and-a-half months left for the Budget, Finance Minister Arun Jaitley on Monday said the government will take "special steps" to boost public spending on infrastructure and initiate measures to rationalise subsidies.

"Even with the present constraint of fiscal deficit in revenue, it's a challenging and a difficult opportunity for us. But I think we have to take some special steps as far as public investments is concerned," he said.

The Minister underlined the need for stepping up public investments in infrastructure sector to boost economic growth.

Yuvan Shankar Raja gets married a third time

Ramanathapuram - Music composer Yuvan Shankar Raja, son of popular music director Ilayaraja, today got married for the third time to Jaffrunnisha, a native of Keezhakarai in the district.

Jaffrunnisha, a dress designer, is now settled in Malaysia, the sources said.

The wedding was held in a garden at Senkalneerodai near Keezhakarai amid tight security with only relatives of the bride taking part.

The 35-year-old music director was earlier married to Sujanya and Shilpa and had separated.Yuvan Shankar Raja has scored music for more than 100 films. PTI

Countdown for IRNSS 1C launch commences at Sriharikota begins today

Chennai - The 67-hour countdown for the launch of India's navigation satellite IRNSS 1C, the third of seven satellites in the series to put in place India's navigation system on par with US' Global Positioning System, on board PSLV C 26 began Monday at the spaceport of Sriharikota.

Following the clearance from the Launch Authorisation Board (LAB) yesterday, the countdown commenced at 6.32 AM today as planned and was proceeding smoothly, ISRO said.

IRNSS 1C launch countdown begins tomorrow

satellite IRNSSChennai: The countdown for the launch of India's navigation satellite IRNSS 1C, the third of seven satellites in the series to put in place India's navigation system on par with US' Global Positioning System, on board PSLV C 26 will commence at the spaceport of Sriharikota tomorrow.

The earlier planned launch on October 6 was postponed following a technical problem.

"The 67-hour countdown for the mission will commence at 0632 hrs IST on October 13," ISRO said.

Shops, businesses closed in Chennai post Jayalalithaa verdict

JayalalithaaChennai, Sept 28 - Business establishments and offices remain closed in Chennai on Sunday after Tamil Nadu Chief Minister J Jayalalithaa was sentenced to serve four years in jail and asked to pay a fine of Rs. 100 crores in connection with a disproportionate assets case by a Bangalore Special Court on Saturday.

The AIADMK party cadres protested in front of the party headquarter in Chennai raising slogans in favour of their party supremo.

Indian Bank to revise interest rates from tomorrow

Indian-BankChennai: Public sector Indian Bank will revise its interest rates on the foreign currency non-resident (banking) term deposits from tomorrow.

"For FCNR (B) deposits, in USD, the revised interest rate has been revised to 2.34 percent (from 2.36) for deposits of one year and above but less than two years", the Chennai-based bank said in a statement.

For deposits of two years and above but less than three years, interest rates have been revised to 2.71 percent from the existing 2.76 percent.

India's Mars orbiter to reach red planet in 33 days: ISRO

India Mars orbiterChennai: India's ambitious Mars Orbiter Mission was just nine million kilometres away from the red planet, Indian Space Research Organisation said today.

"Mars Orbiter Mission (MOM) is just nine million km away from Mars and 189 million kilometres away from the Earth. 33 more days to MARS," ISRO said in its social networking site.

Early this month, ISRO scientists ruled out Trajectory Correction Manoeuvre originally planned for August as the spacecraft was on track.

Honda plans to export Mobilio to South African market

Honda-MobilioChennai: As part of its plans to sell over 9,000 units during the current financial year, automaker Honda Cars India would consider exporting its latest mid-size multi purpose vehicle Mobilio to South Africa, a top company official said today.

The Japanese carmaker had shipped about 6,000 units in the last financial year, Honda Cars India Senior Vice-President (Sales and Marketing), Jnaneswar Sen said.

"We are considering exports of Mobilio to South Africa. Last year, we made exports of 6,000 units. This year we have a target of 9,000 units", Sen told reporters here after launching Mobilio in the region.

61 Indians arrive from Iraq

Indians arriveChennai: Sixty-one Indian nationals hailing from Tamil Nadu and Andhra Pradesh on Tuesday arrived here from Iraq following their evacuation from the strife-torn Gulf country.

The returnees, who were employed with various companies in Iraq, landed here on an Air India flight via Mumbai and were received by senior state government officials at the Anna International terminal, airport officials said.

About 36 of them hail from Andhra Pradesh while the rest are from Tamil Nadu, officials said, adding that all of them have left on the onward journey to their homes.--PTI

Ashok Leyland to launch 'Jan Bus' in Kolkata this week: MD

Ashok-Leyland-Jan-BusChennai: Commercial vehicle maker Ashok Leyland has lined up a number of new launches this fiscal which include the formal launch of 'Jan Bus' in Kolkata on July 30, a top official said.

"There are many products. A whole slew of launches. We have variants of Bus, lot more of Captain. Jan Bus is being launched on 30th (July) in Kolkata, first time, a national launch in collaboration with the government. We are very happy about that..." Ashok Leyland, Managing Director, Vinod K Dasari told reporters.

Nokia paid Rs 250 cr compensation under VRS to 5,600 employees

NokiaChennai: Finland-based Nokia has paid about Rs 250 crore as compensation to employees of its Chennai manufacturing facility, who opted for the voluntary retirement scheme offered by it in May, Tamil Nadu Industries Minister P Thangamani informed the state Assembly today.

"Soon after the Chennai plant was converted into contract manufacturing facility, as it was excluded from the Nokia-Microsoft USD 7.2 billion deal, the operations of the Chennai plant will be based on the supply orders. Because of this reason, the company (Nokia) offered VRS," he said.

Mars orbiter completes about 80 per cent of journey

Mars orbiterChennai: Inching closer to the red planet, India's ambitious Mars orbiter spacecraft has covered more than 540 million kilometres, about 80 per cent of its journey for its rendezvous with the planet scheduled for September 24.

The spacecraft has covered a distance of more than 540 million kilometres on its helio centric journey to the red planet, ISRO said today.

"Yes, that is very close to a whopping 80 per cent". Mars Orbiter mission and its payloads are in good health", ISRO said on its social networking site.

Insurance sector to benefit from any hike in investment limit: AIG

Tata-AIG-General-InsuranceCoimbatore: The reported proposal to double the exemption limit for investments by individuals to Rs 2 lakh in the forthcoming budget will accelerate growth in the insurance sector and also give some relief to the people, a top Tata AIG General Insurance official said Tuesday.

"Since insurance is linked to the economy, giving boost to household savings would provide some relief to the people and I am hopeful of accelerated growth in the insurance sector, due to this proposal", K K Mishra, Managing Director and Chief Executive Officer, Tata AIG General Insurance, told reporters here.

Indian Bank declares 47% dividend for 2013-14

Indian-BankChennai: Shareholders of public sector Indian Bank have approved final dividend of 47 percent for the year ending March 31, 2014.

A decision to this effect was taken at the bank's annual general meeting held in the city recently, Chennai-based Indian Bank said in a statement.

"Shareholders approved payment of dividend of 47 percent for the year 2013-14 of which bank has made payment of interim dividend of 30 percent on January 25, 2014," it said.

Flipkart to tie-up with different manufacturing clusters

Flipkart to tie-up with different manufacturing clustersCoimbatore: Flipkart, the largest e-commerce marketplace in India, on Friday said it is holding talks to tie-up with manufacturing clusters such as Tirupur and Ludhiana as part of bringing more sellers on-board to meet the strong growth in demand.

"We are targeting manufacturing clusters and would sign up partnerships with Surat, Agra and Ludhiana, where synthetic apparels and leather items are manufactured," Ankit Nagori, Vice President, marketplace, Flipkart, told reporters.

ISRO planning to launch French satellite SPOT 7 on June 26

ISRO planning to launch French satellite SPOT 7 on June 26Chennai: ISRO is planning to launch its next rocket PSLV C23 carrying a French remote sensing satellite SPOT 7, along with four others from Sriharikota spaceport on June 26, a senior official said today.

"As of now, we have scheduled the launch of PSLV C23 at 9.50 am on June 26. A 52-hour countdown has been planned, which would commence at 6 am on June 24," the ISRO official told PTI.

Daimler India enters Bangladesh market

daimler-trucksChennai: German commercial vehicle maker Daimler's Indian subsidiary has forayed into Bangladesh market by launching FUSO Trucks manufactured at its plant here, making it the sixth overseas destination.

Daimler India Commercial Vehicle, the Indian arm of Stuttgart-based Daimler AG, along with Daimler Group company Mitsubishi Fuso Truck and Bus Corporation, launched FUSO Trucks, in Bangladesh making it as the sixth strategic market since beginning of exports in May 2013.

Trajectory correction of Mars mission likely by June 11

Mars-missionChennai: Indian Space Research Organisation is likely to perform its next trajectory correction manoeuvre on its Mars Orbiter mission on June 11.

As its Mars mission is "on intended track" and was proceeding towards the red planet with "good health," ISRO had earlier announced that the trajectory correction manoeuvre scheduled for April was not necessary and postponed it for this month.

"The mission is in good health and is on the intended track. We have planned the next trajectory correction manoeuvre of Mars mission on June 11. It is yet to be finalised," a senior ISRO official told PTI.

IndusInd Bank launches Video Branch service for customers

IndusInd-BankChennai: Private sector IndusInd Bank has launched video-branch, claiming to be a first-of-its-kind service, enabling customers interact with the staff of the bank through video conference facility.

"IndusInd Bank has launched a new customer-centric service titled Video Branch. This innovative offering enables customers to do a video-conference with a bank staff. This is a first-of-its-kind initiative in banking industry facilitating customers to interact with staff at their own convenience...," the bank said in a statement.

Ford India doubles its May sales

Ford India doubles its May salesChennai, June 2 : Car maker Ford India Monday said it sold 12,288 units last month, up from 5,993 sold in May 2013.

In a statement, the company said domestic sales stood at 6,053 units last month, up from 4,002 units sold in the corresponding period of the previous year.

The company exported 6,235 vehicles, against 1,991 units in the corresponding period last year.

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