Sajan C Kumar
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Post Unicorn tag, Freshworks plans to invest on products, expand internationally
Girish Mathrubootham, founder and CEO of Chennai-based SaaS firm Freshworks has said the focus for him now will be to invest on products and expand internationally.
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Water recycling: VA Tech Wabag bullish on West Asia, Africa markets
Chennai-headquartered pure-play water technology company VA Tech Wabag is betting big on the West Asian and African markets as these regions have limited freshwater and the only way to meet demand is either by desalinating seawater or reusing water.
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TCS sees BFSI growth story sustainable in medium term
Country’s largest IT services company Tata Consultancy Services (TCS), bouyed by its BFSI turnaround in the first quarter of FY19, has said the growth of the vertical is sustainable at least in the medium term as the banking, financial services & insurance sector has moved from compliance phase to growth trajectory, worldwide.
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Facilio: Buildings on autopilot
As a facilities optimisation platform, Facilio uses IoT and AI to drive sustainable operational efficiency across commercial real estate portfolios.
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Tamil Nadu raising $600 million from Phoenix of Luxembourg
The Tamil Nadu government is raising around $600 million (about Rs 4,000 crore) as investment from Phoenix SA of Luxembourg through its asset management company (AMC) Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC).
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Facing NPA heat, Karur Vysya Bank and Lakshmi Vilas Bank plan to raise capital
Hit by growing bad assets, two private sector lenders from southern India —Karur Vysya Bank (KVB) and Lakshmi Vilas Bank (LVB) — on Tuesday announced their plans to raise capital.
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Secur Credentials: This start-up has signed up clients in the retail and e-commerce space
This start-up, which got listed on NSE last year, has signed up clients in the retail and e-commerce space.
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With Lanco in NCLT, Tamil Nadu scouting for new contractor for Rs 5,421-crore project
The Tamil Nadu government is looking to apppoint a new EPC contractor for its Rs 5,421-crore Ennore Thermal Power Station (ETPS) expansion project that has been stalled mid-way because of the invsolvency case against Lanco Infratech, the original contractor hired for the project.
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CavinKare plans IPO for 2020
CavinKare registered a turnover of Rs 1,600 crore for FY18 compared with Rs 1,300 crore logged a year ago.
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Economic turmoil in Turkey hits Redington’s overseas business
Chennai-based IT and lifestyle product supplier Redington, popular for being one of the iPhone distributors in India, said its overseas business during financial year 2018 had been impacted by economic turmoil in Turkey.
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PHI Commerce: Winning over the fence-sitters
The PayPhi eCOD interface sends SMS and email notifications to consumers to make digital payments on delivery.
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Lithium to raise $8 million from IFC
Lithium Urban Technologies (Lithium), the Bengaluru-based electric vehicle (EV) cab provider to corporate sector, is raising close to $8 million from International Finance Corporation (IFC), the multilateral lending arm of the World Bank, to spur further growth.
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Google secures Indian patent for image identification
Google claims the method includes identifying the named entity, retrieving images associated with the entity and performing face-detection on the retrieved images to detect faces in the retrieved images, where a face detection was performed using a face-detection algorithm.
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Indian, Russian firms ink 7 MoUs for components
The ministry of defence had earlier identified 48 items, covering all the major platforms, which can be made in India with Russian collaboration.
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BEL plans to invest Rs 2,500 cr to set up two plants
BEL CMD MV Gowtama told FE that the company was in the process of setting up two plants, at Anantapur and Machilipatnam in Andhra Pradesh.
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Mahindra inks two MoUs for sea planes and UAVs
Mahindra Defence, part of Mahindra and Mahindra Group, on Wednesday inked two MoUs to strengthen it defence footprint through partnerships.
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Bharat Forge bets big on artillery gun space
Bharat Forge (BFL), a major player in metal forming that serves several sectors including automotive, power, oil & gas, construction & mining, rail, marine and aerospace, after marking its footprint as the largest forging company in the world, is now betting big on the artillery gun space.
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AAHAA Stores: Making purchase of office supplies easy
The start-up’s target customers are banks, insurance firms, NBFCs, MNCs and IT firms which order multiple office supplies across their network of branches
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Foreign defence cos bet on products, partnerships to grow India business
Foreign defence manufacturing companies are betting big on innovative products and strategic partnerships as they gear up for the DefExpo 2018, slated to be held from April 11 to 14 in Chennai.
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TVS Motor gets patent for charging system for EVs
The securing of the patent by TVS Motor comes at a time when the auto industry is putting its heart and soul into making the transformation to electric mobility a seamless exercise.
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We want to achieve business level of above Rs 4.25 lakh crore by March 2019, says MD & CEO of Indian Bank
With strategic long-term plans in place, the Indian Bank is aiming to join the league of the top performers even as it pushes for the recovery of stressed assets, says Kishor Kharat, MD & CEO
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Digital push: Tamil Nadu tie-ups with Google, Microsoft
After unveiling its e-Governance policy in January, the Tamil Nadu government is on a roll, forging tie-ups with biggies such as Google and Microsoft to encourage IT adoption across the fields of women enterprise and education, respectively.
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Coke steps up India play, to invest Rs 500-600 crore every year
US cola major Coca-Cola, looking to scale up its India play, has said that it will be investing Rs 500 crore to Rs 600 crore to grow the market every year.
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Move to amend Act: Chit fund players see no reason to cheer
The Union Cabinet’s approval to introduce Chit Funds (Amendment) Bill, 2018 in Parliament has not gone down well with the Rs 45,000-crore chit fund industry of the country.
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Ashok Leyland gets patent for tech to help improve fuel economy
Hinduja flagship commercial vehicle major Ashok Leyland has been granted a patent for its invention related to a technology for real-time road slope estimation, which could be used in predictive systems for improving fuel economy of vehicles.
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Indian Bank is eyeing Rs 6 lakh crore business in 5 years
Chennai-based Indian Bank, after being in the slow lane for quite some time, is shifting gears to catch up with biggies in the public sector banking industry.
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Budget 2018 and Digital India: Fintech companies eye massive opportunities in Arun Jaitley’s plans
Budget 2018: Fintech players in the country have reason to cheer, thanks to Union finance minister Arun Jaitley’s Budget 2018 which mentioned that his ministry is examining the policy and institutional development measures needed for creating the right environment for fintech companies to grow in India.
