Category Archives: Business
Chennai’s shopping landscape is set to change with a sprawling two million-square feet mall coming up near Guru Nanak College in Velachery.
Mumbai-based mall developer Phoenix Mills, which is promoting the shopping plaza – christened Chennai Market City – said at that size it would be the biggest mall in the city, toppling Express Avenue, which has a built-up space of less than one million square feet.
Phoenix Mills CEO Shishir Shrivastava said Chennai Market City would house a mall, an apartment complex and perhaps a luxury hotel too. The mall will also have an exclusive wing for luxury shopping with international brands, making it the second mall in India after Mumbai’s High Street Phoenix to have such a zone.
Remember the tongue tickling cashew fruit, Cashew apple, which is usually thrown away after taking the nut, can be converted into value added products that can generate good income with minimal investment.
“On an average, 35 tonnes of cashew apple are wasted every year. We can produce about 8 lakh litres of alcohol worth Rs 1,000 crore. The alcohol can be used as substitute for oil imported into the country,” said V.P. Poty, principal scientist, CEPC Laboratory and Technical Division.
A new type of denims may soon become the new rage in the fashion world. The traditional khadi, introduced by our Father of our Nation–Mahatma Gandhi–has been reintroduced as Khadi Denim in to the main stream fashion market by the Rajkot-based Saurashtra Rachnatmak Samiti (SRS) eight months back, which has proved to be successful in the country.Now the leading Denim manufacturer Arvind Limited are planning to market the khadi Denim across the world. Khadi denim is a hand-spun and hand-woven Cotton fabric with 12-count twisted thread.
Coimbatore is fast emerging as the nano hub of India with the Tamil Nadu Agricultural University (TNAU) having prepared the draft for the nano mission for agriculture to help the country ensure food security. The project, which has an ambitious primary outlay of Rs 1,000 crore, promises to provide quality food to the consumer and help the farmer reduce the harvest costs.
The nano mission could also help stem the spiraling inflation. TNAU nanotechnology department head K.S. Subramanian said an array of nano gadgets are in the pipeline to help the common man. These include the nano sensors that the department has been developing. The sensors will alert farmers about diseases that are about to hit his crop. The farmer can take quick measures based on such alerts and prevent his crop from being destroyed. The consumer, on his part, can use nano food packaging to store a bottle of sugarcane juice or banana chips for almost 60 days.
If you plan to travel to Chennai and find an accommodation in the star hotels in the city, think twice. Name Chola Sheraton, HyattRegency, Le Meridien, Park Sheraton, Taj Connemara, no rooms are available till this weekend. Thanks to the Leather Fair, city hotels are sold out for the entire week.
“It’s really very heartening. Unlike in the last three years, this time almost all four and five star hotels in the city are sold out. Even the new additions to the city hotel rooms during the year are absorbed,” said the General Manager of a luxury hotel in the city.
There are about 3,000 star-rated hotel rooms in the city, including the 250 rooms added by Hyatt Regency a few months ago.
Age is no bar for entrepreneurship if one gets a leg-up — this is what the Tamil Nadu Elders For Elders Federation is proving now. An amalgam of 450 self-help groups, it has inked an MoU with Bengaluru-based Nabard Financial Services (Nabardfs) to open firms by elders. They will venture into fish export and allied agriculture businesses with the credits amounting to nearly Rs 5 crore this year. Elders ditched by their families are now confident and ready to lead life afresh.
Japanese investments into Tamil Nadu are set to get a boost with the State Government entering into an agreement with the Singapore-based developer Ascendas and a Japanese consortium to promote a Rs 3,500 crore industrial township near Chennai.
A business support centre is also to be set up to facilitate Japanese investments into the State.
Mahindra World City, New Chennai, is India’s first integrated business city and corporate India’s first operational Special Economic Zone (SEZ). Mahindra World City, New Chennai is promoted in a public-private partnership between US$ 7.1 billion Mahindra Group and TIDCO (A Govt of Tamil Nadu Undertaking).
Spread over 1550 acres, Mahindra World City, New Chennai is located on the Golden Quadrilateral (NH 45) and is set amongst hills, natural lakes and a forest reserve. The City combines state–of–the–art facilities for business with world–class facilities for retail, leisure, hospitality and residential housing.
The government of India has introduced a 10-year National Savings Certificate (NSC) offering you an interest rate of 8.7% per annum. National Savings Certificate (NSC) is an investment scheme offered by the Government of India with the purpose to encourage national savings. The scheme also offer tax-saving benefit. As it is offered by the Government, so it has been rated as ‘highly secured class of investment’.
Hrishikesh Datar, an alumnus of the National Law School, Bangalore, founded vakilsearch.com(with technical help from Karthik Kolli from IIT-Madras and Tech Garuda, a boutique IT firm in Chennai) following an interaction at IIM-Bangalore that addressed the need for a comprehensive portal to address legal needs.
One of the biggest Indian air carriers, Air India has launched a traveller centric scheme for the customers who propose to travel often across the country. According to the newly introduced scheme, the carrier has offered a 15 day travel across the country at a low-price of Rs 35,000.