Chennai

School kids take out procession to celebrate India's Twenty20 win

Lucknow/Chennai, Sept. 28 : Thousand of City Montessary School students took out a victory march here on Thursday to mark Indian team's win at the Twenty20 cricket World Cup.

Holding banners and placards, they cheered Team India on their outstanding performance.

Some students donned the "sky blue" colours of the national side.

In Chennai, cricketer Dinesh Karthik was felicitated by Tamil Nadu Chief Minister M. Karunanidhi.

Ford launches a new model in India

Chennai, Sept. 26 : Premium carmaker Ford launched the Ford Fiesta1.6 Fida in Chennai on Tuesday.

The new edition with a 1.6 litre duratec engine is available in new copper rust and panther black.

The car is priced at 6.6 lakhs.

Scoot Mcormack, Vice President (Marketing), Ford India, put the sales figures for the earlier version at 55,000, and said he expected good demand during the forthcoming festive season.

Karunanidhi’s supporters ransack BJP’s Chennai office

Chennai, Sep 23 : Dravid Munnettra Kazhagam (DMK) activists lead by State Information Minister Paruthi Ellamvazhuthi today ransacked Chennai office of the Bharatiya Janata Party, while protesting against the remarks made by Vishva Hindu Parishad leader Ramvilas Vedanti to behead their leader M Karunanidhi over his remarks on Lord Rama.

“Vedanti should withdraw his words against our leader, and the Central Government should take action on this,” Ellamvazhuthi said.

Financial Tech Group To Establish Power Exchange Soon

Chennai: Financial Technologies (India) Ltd has got nod from the Central Electricity Regulatory Commission (CERC) to establish India’s first national level power trading platform called ‘Indian Energy Exchange Limited (IEX)’ for trading electricity.

IEX, which is promoted by Financial Technologies, will be a pan-India neutral and transparent electronic demutualised exchange for competent price discovery in the electricity market. PTC India Ltd has responded favorably to obtain 26% stake in IEX.

Now IOB Is Looking For Alliances

To leverage its record for loan syndication and technology, Chennai-based Indian Overseas Bank (IOB) is thinking about a coalition with other banking institutions.

SA Bhat, chairman and managing director, said, “I have approached some banks but it is still in the formation stage. We are looking at banks with a business size of Rs 50,000-1,00,000 crore with reach in states like Gujarat and Maharashtra where we don't have that many branches.”

Ninestars To Invest Rs 60 Cr To Swell Operations

Chennai: Aming to swell its functioning in India as well as overseas, Ninestars Information Technologies Ltd, a content transformation and e-archival technology and services provider, has planned t

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