Browsing Tag
Chennai
133 posts
Why is Adidas cutting technology jobs in India while sales are growing 14%?
Adidas AG has reduced roles across its India technology organisation even as second-quarter sales reached a record €6.7 billion, highlighting a wider shift from rapid digital capacity building toward a leaner technology operating model.
Carborundum Universal sales grew 17%. Why is Sriram Seshadri becoming CFO now?
Carborundum Universal has appointed former Endurance Technologies finance executive Sriram Seshadri as CFO as sales and profit grow, ₹400 crore of planned capex accelerates and management exits commercially weaker overseas operations.
GRT Jewellers takes control path at TBZ as market prices a much larger pan-India growth opportunity
GRT Jewellers has agreed to buy the Zaveri family’s 74.12% TBZ stake for up to ₹1,033.71 crore and has launched a ₹431 crore open offer for the remaining public shares. Yet TBZ’s September 1 rally values the listed jeweller near ₹2,448 crore, creating a striking gap between the contractual takeover economics and what investors believe the business could become under a much larger pan-India jewellery group.
Tamil Nadu scraps $2.86bn Parandur airport plan and begins search for new Chennai site
Chief Minister C. Joseph Vijay has abandoned the proposed Parandur greenfield airport while acknowledging that Chennai still urgently needs additional aviation capacity.
Gabriel India (NSE: GABRIEL) locks in Rs 935cr HL Klemove deal to deepen ADAS push
The definitive agreements move Gabriel India closer to owning 29.99% of HL Klemove India, giving it exposure to locally manufactured ADAS radars, cameras and automotive electronics.
Techno Electric revenue rises 25%, but Rs 628cr data centre build-out is still barely visible in earnings
Techno Electric & Engineering Company Limited grew standalone Q1 FY27 revenue 25%, but margins narrowed and profit slipped as capital moved from treasury investments into data centres, smart metering and transmission assets. With ₹628 crore already deployed into data centres and monetisation still at an early stage, the next test is whether its second growth engine can begin justifying the capital committed.
Orchid Pharma (NSE: ORCHPHARMA) signs $178m Russia deal to commercialise Exblifep
Orchid Pharma signs a $178 million Russia deal for Exblifep. Read how the Pharmasyntez pact could reshape ORCHPHARMA’s global antibiotic strategy.
Ramco Systems (NSE: RAMCOSYS) surges ahead of its Q1 earnings test
RAMCOSYS has surged 42% in a week without a fresh material filing. June-quarter earnings must now justify its ₹3,000 crore valuation.
RMZ targets up to 3 GW of India data centre capacity in $35bn expansion push
RMZ plans a $35 billion push to build up to 3 GW of Indian data centres. Discover how the expansion could reshape AI infrastructure and capital markets now.
Can Per Narvinger turn artificial intelligence demand into real growth for Ericsson?
Per Narvinger will succeed Börje Ekholm as Ericsson chief executive officer as the telecom-equipment group shifts from restructuring toward artificial intelligence-native networks, 6G investment and stronger shareholder returns.