Page 10 - Tamil Nadu

Cognizant puts up Chennai office on market, eyes up to Rs 800 crore deal

This property has been the company's India headquarters for over twenty years. It is spread over a 15-acre land parcel and comprises a four lakh sq ft office space

Zomato gets GST tax demand notices over Rs 4.59 cr from TN, WB authorities

Online food delivery platform Zomato has received GST tax demand orders of over Rs 4.59 crore, including applicable interest and penalty, from Tamil Nadu and West Bengal authorities. The company said it plans to appeal against the demand orders passed by the Assistant Commissioner of GST and Central Excise, Nungambakkam Division, Tamil Nadu and Assistant Commissioner of Revenue, Government of West Bengal. The Tamil Nadu tax authority passed an Adjudication Order under Section 73 of the Central Goods and Services Tax Act, 2017, and Tamil Nadu Goods and Services Tax Act, 2017, for GST of Rs 81,16,518, with applicable interest (not quantified) and penalty of Rs 8,21,290. Meanwhile, the West Bengal authority passed an adjudication order under Section 73 of the Central Goods and Services Tax Act, 2017, and West Bengal Goods and Services Tax Act, 2017 for GST of Rs 1,92,43,792 with interest of Rs 1,58,12,070 and a penalty of Rs 19,24,379. In a regulatory filing, Zomato said it has clarif

Seeking support for Tamil Nadu's prosperity in US, says CM Stalin

Tamil Nadu Chief Minister M K Stalin, who is leading a high-level official delegation to the USA, as part of an ambitious goal to transform the state into a USD one trillion economy by 2030, on Thursday sought support from the "Land of opportunities" for the state's prosperity. The Chief Minister was accorded a rousing reception upon his arrival in San Francisco, and he was received by Consul General K Srikar Reddy. Stalin was accompanied by his wife Durga, Industries Minister T R B Rajaa and senior officials for the fortnight-long visit to attract investments to Tamil Nadu. "In the USA the land of opportunities, seeking support for the prosperity of Tamil Nadu," the Chief Minister said in a post on X. Former Union Minister Napoleon welcomed him by presenting a shawl. The Indian diaspora, including a large number of Tamils, greeted the Chief Minister with enthusiasm. After participating in a meeting with potential investors in San Francisco today, Stalin would address the Tamil .

TN politics: Can Thalapathy Vijay deliver a blockbuster as politician?

India's highest-paid actor is eyeing success in 2026 TN Assembly polls. But the plot may have many twists

First reusable hybrid rocket RHUMI launched by Tamil Nadu space startup

Tamil Nadu-based startup Space Zone India on Saturday launched its first reusable hybrid rocket, Mission RHUMI-2024, onboard a mobile platform to take up research on global warming and climate change. City-headquartered Space Zone India has been conducting various projects under Mission RHUMI over the last two years. The RHUMI rocket launched early in the day at Thiruvidanthai on the scenic East Coast Road near Chennai is powered by a generic-fuel-based hybrid motor and electrically triggered parachute deployer. "It is 3.5 metre tall rocket and was launched at about 7.25 am from the earlier 7am lift off schedule," Space Zone India Founder-CEO Anand Megalingam said. "It is more of a sounding rocket. It flew to an altitude of about 35 kms and right now my team is there to collect it as per our plan (since it is a reusable rocket)," he told PTI. "Compared to an 89 degree inclination, we had launched the rocket with 70 degree inclination due to heavy wind and gusts," he explained on t

Tamil Nadu startup launches country's first hybrid reusable rocket

Sets new standards for rapid space missions; the rocket launches three Cube satellites into orbit to study atmospheric conditions

Rockwool to set up biggest India factory in Tamil Nadu; to invest Rs 550 cr

Denmark-based Rockwool, one of the leading insulation producers across various segments, will be setting up its largest factory in the country in Tamil Nadu with an outlay of Rs 550 crore, a top official said on Thursday. Rockwool reported revenues of Euro 3.6 billion and has a presence in 40 countries worldwide. The new factory expected to come up at Cheyyar, located about 90 km from Chennai in Tiruvannamalai district, is in addition to the company's existing factory in Dahej, Gujarat and would boost revenues from the Indian market in the Group's global turnover. Earlier in the day, Rockwool Board Chairman Thomas Kahler, its Asia Managing Director Darryl Mathews and India Business Unit Director Vinay Pratap Singh met Chief Secretary N Muruganandham at the secretariat to discuss the company's plans in the state. "We started our operations in Gujarat in 2011 and we are setting up our second factory in Cheyyar SIPCOT (State Industries Promotion Corporation of Tamil Nadu) Industrial P

Madras Day 2024: Know its history, significance and some interesting facts

On August 22, Madras Day is celebrated annually and it commemorates Madras' (now Chennai) rich history and its transformation from a small settlement to a bustling metropolitan hub

Dabur to set up 1st plant in South India, to invest Rs 400 cr in TN: Rajaa

The Tamil Nadu government on Thursday said home and personal care products maker Dabur India will set up a Rs 400 crore manufacturing plant in the state's Villupuram district, marking the FMCG company's maiden foray into the South. State Industries Minister TRB Rajaa said a pact was inked on Thursday for this purpose. "Welcome to Tamil Nadu, @DaburIndia! In fact, welcome to South India! In the presence of Honourable @CMOTamilNadu Thiru. @MKStalin avargal, @Guidance_TN today signed an MoU with Dabur for the establishment of a world-class manufacturing plant, their FIRST EVER in South India, at the SIPCOT Food Park in #Tindivanam, Villupuram district," Rajaa said in a post on 'X.' He said the company will invest Rs 400 crore in this facility which will create over 250 jobs. "More importantly, it will open up new opportunities for farmers in the nearby #Delta region to sell #AgroProduce to be processed in this facility," he added. Dabur's decision to choose Tamil Nadu is a testament

TN Cabinet reshuffle: I have received no such information, says CM Stalin

Amidst a strong buzz about a possible reshuffle of the cabinet led by him later on Thursday, Tamil Nadu Chief Minister M K Stalin said he has not received any such information. "I have not received" was the cryptic reply from the CM, accompanied with a smile when reporters asked him about "some information" being received about a possible shake-up of his cabinet. Media circles were abuzz on Thursday that the cabinet might be reshuffled to drop a few names and accommodate a few fresh ones, ahead of the CM's US tour next week to garner investments to the state. Talks have also been on over the possible elevation of Stalin's son and Youth Welfare and Sports Development Minister Udhayanidhi as deputy CM, although the chief minister had recently said the time was not yet ripe for the move. There has been a growing chorus in the ruling DMK for Udhayanidhi's elevation, ahead of the next Assembly polls in the state, scheduled for 2026. To a question on Union Minister L Murugan's contentio

Tamil Nadu CM lays foundation stone for Sembcorp's green ammonia plant

The Singapore-headquartered Sembcorp will produce 200,000 metric tonnes per annum of green ammonia for overseas shipment to Japan

Tamil Nadu garnered Rs 9.74 trn investments, created 3.1 million jobs: CM

Tamil Nadu has attracted investments worth over Rs 9 lakh crore in the last three years and generated 31 lakh new jobs, Chief Minister M K Stalin said on Wednesday. Ahead of his visit to the United States next week to woo investors, Stalin on Wednesday unveiled a slew of new projects worth Rs 68,773 crore that would generate 1 lakh jobs in the state. "This is a very important day in the industrial and development history of Tamil Nadu. It is a day to showcase our economic prowess to the world -- and a day to realise that Tamil Nadu has a bright future," the Chief Minister said at the Tamil Nadu Investment Conclave here. The projects unveiled by CM include the inauguration of 19 new projects worth Rs 17,616 crore and laying the foundation stone for 28 different projects valued at Rs 51,157 crore, he said. With the launch of these new projects, 1,06,803 new jobs will be created, he said. "If industry grows, through that industry, the state grows. Families also grow and live through t

TN CM Stalin expresses disappointment over reduction in funds for railways

Tamil Nadu Chief Minister M K Stalin on Monday expressed disappointment over the reduction in central funds for railway projects in the state and said the move would drastically affect TN's progress. Taking up the issue with Union Railways Minister Ashwini Vaishnaw, regarding reduction in allocation of funds for Southern Railways in the regular railway Budget 2024-2025, he sought the Minister's intervention to ensure allocation of adequate funds earmarked for new lines, doubling and customer amenities projects in Tamil Nadu. I reiterate that these vital projects should not be delayed further due to shortage of funds. I look forward to your personal intervention in this regard, Stalin said in a letter addressed to the Central Minister. Drawing Vaishnaw's attention to the matter, the Chief Minister said the significant reduction in fund allocation has a resultant impact on the implementation of projects in Tamil Nadu. We are disappointed that the allocation of funds for the Southern

As Foxconn looks to up India play, 3 South states roll out red carpet

The firm is reportedly looking beyond smartphones and considering segments like ICT, EVs

Tamil Nadu politics: An heir 'yet to mature', and the succession suspense

With M K Stalin away for three weeks, the politics in Tamil Nadu, already intriguing, is set to become even more interesting

'CM's pharmacy stores' on anvil to make generic medicines available: Stalin

Tamil Nadu Chief Minister M K Stalin on Thursday announced launching pharmacy outlets 'Mudalvar Marunthagam,' (Chief Minister's Pharmacy) soon to ensure the availability of generic and other medicines at low cost to the people. In his Independence Day address, Stalin said over 75,000 openings in the government sector will be filled by January 2026. The Chief Minister's pharmacy scheme will be launched next year, on the day of Pongal, the harvest festival, (January 14, 2025) and as many as 1,000 pharmacy outlets will be opened in the first phase. In order to effectively implement the scheme, pharmacists and cooperative societies will be provided by the government necessary credit facilities and Rs 3 lakh subsidy, he said. Also, he announced 'Mudalvarin Kakkum Karangal' scheme for the benefit of retired personnel of the armed forces. Under the scheme, the retired personnel will get a loan of up to Rs 1 crore to launch business ventures.

TN govt approves Rs 44,125 cr worth projects, expected to generate 24K jobs

The Tamil Nadu Cabinet on Tuesday gave its approval for 15 investment proposals of a total value of Rs 44,125 crore that are expected to generate over 24,700 jobs in the state. The 16th cabinet meeting chaired by Chief Minister M K Stalin at the secretariat here also granted its nod to three renewable energy policies as part of a goal to achieve 20,000 MW power generation by 2030, according to Finance Minister Thangam Thennarasu here. Emerging from the meeting, Thennarasu said that on August 17 the chief minister would be inaugurating a first-of-its-kind-in-India industrial housing facility for 18,720 employees of Foxconn built at an estimated cost of Rs 706.5 crore at SIPCOT Vallam Vadagal industrial estate in Sriperumbudur, Kancheepuram district. The cabinet gave its nod for projects covering various sectors including electronics, food processing, motor vehicles and battery manufacturing. A pump storage policy, a small hydel policy and a wind repowering and life extension policy

'TN accounts for 15% of India's MSME sector, employs 14 mn people'

Tamil Nadu accounts for 15 per cent of the country's micro, small and medium enterprises sector, employing about 14 million people, Minister for Industries T R B Rajaa said on Tuesday. As much as 30 per cent of the state's industrial output is contributed by the MSME sector, he said at an event here. The state leads in women-run micro, small and medium enterprises with over 10 lakh units helmed by them, Rajaa said, after launching the Confederation of Indian Industry Tamil Nadu Micro Entrepreneurs Forum here, in the presence of CII Director General Chandrajit Banerjee, CII past president R Dinesh and CII Southern Region Chairperson R Nandini, among others. "As we launch this new CII project aimed at supporting micro enterprises, I want to emphasise the government's commitment to fostering entrepreneurship and job creation. The MSME sector alone contributes to 30 per cent of the state's industrial output and 45 per cent of exports," Rajaa said. According to CII officials, micro ...

DMK never professed atheism, people free to worship as they choose: TN Min

The DMK never professed atheism nor interfered in devotees' faith and anybody was free to worship the gods of their choice, Tamil Nadu Minister P K Sekar Babu said, slamming the BJP for raising a new strategy to target the ruling party. The DMK always gave full freedom to people of all faiths to worship and never interfered, he said, strongly reacting to BJP state chief K Annamalai's recent accusation that the DMK was forced to reverse its previous stance on atheism owing to the BJP's activities in Tamil Nadu. "Whether it is Muslims, Christians, Buddhists or Hindus, the DMK gave full freedom to them to worship the gods of their choice. we never interfered in the devotees' belief," Babu, who holds the Hindu Religious and Charitable Endowments portfolio, told reporters here on Thursday. "The DMK is not a divisive force. You can chant any god's name like Jai Shree Ram, Harohara Muruga, Venkatachalapathy, Govinda, Govinda, anything is acceptable," the minister said. Asked about ...

Assam, Arunachal, Himachal, TN face grave climate risk to rice productivity

The states at yield risk till a few years back accounted for less than 20 per cent of India's annual rice production