Sterlite Copper's exit from TN gives bad signal for new investors

Chennai (IANS) The decision of Vedanta Ltd to sell its 4,00,000 ton per annum (tpa) copper smelter plant and refining complex at Tuticorin gives a bad signal for any prospective investors in the city as well as in Tamil Nadu, said businessmen.

About 1,100 workers resume duty at Ford India's Chennai plant

Chennai (IANS) About 1,100 workers have resumed work at the Ford India Private Ltd's Maraimalainagar plant near here even though an agreement between the workers' union and the management on severance package has not been reached, sources…

Tata Group's Air India to expand its fleet

Chennai (IANS) Tata group's Air India plans to expand its fleet in a couple of year's time.

The proposed new aluminium birds will be a mix of narrow and wide bodied from the two manufacturers, Airbus and Boeing, media reports said.

Bitcoin falls below $18K, Ethereum down 80% in freezing crypto winter

New Delhi (IANS) Leading cryptocurrency Bitcoin dropped below $18,000 per digital coin on Sunday -- a massive over 70 per cent drop from its record high of $68,000 in November last year -- as mayhem in the crypto market continued.

Overall,…

Revlon surges 62% in trade after Reliance Industries said to weigh offer

New York (IANS) Revlon Inc shares surged as much as 62 per cent in New York trading after media reports said Reliance Industries Limited (RIL) is considering buying the cosmetics giant.

Reliance Industries, controlled by billionaire Mukesh…

Another Pure EV e-scooter catches fire, this time in Gujarat

New Delhi (IANS) As the electric vehicle (EV) industry awaits new government quality-centric guidelines, another e-scooter belonging to Pure EV went into flames in Gujarat.

The fire incident occurred at a house in Suvidhinath Society in Patan…

India has $85 bn opportunity in $500 bn global chip supply chain market

New Delhi (IANS) India has a $85 billion opportunity in the global $500 billion semiconductor manufacturing supply chain market comprising materials (gases, chemicals, minerals, equipment and services), a new report showed on Friday.

The Indian…

Equity indices settle sharply low, Sensex down over 1K points

New Delhi (IANS) Domestic equity benchmark indices declined as the day progressed and settled sharply lower on Thursday as investors evidently feared a looming recession.

"The market is fearing that inflation is not going to come under control…

Shiprocket acquires e-commerce platform Pickrr for Rs 1,560 cr

New Delhi (IANS) Logistics technology platform Shiprocket on Wednesday announced it has acquired a majority stake in Pickrr, an ecommerce software-as-a-service (SaaS) platform for D2C brands and SME e-tailers for around $200 million (nearly Rs 1,560…

Cabinet approves auction of 5G Spectrum

New Delhi (IANS) The Union Cabinet on Wednesday approved the Telecom department's proposal to conduct a spectrum auction through which spectrum will be assigned to the successful bidders for providing 5G services to public and enterprises.