A devastating passenger train fire broke out on Saturday at the Madurai railway station in Tamil Nadu, leading to the death of at least 9 people and critically injuring 20 others. The incident occurred on the Lucknow-Rameswaram Express, according to reports. Officials from Southern Railway have attributed the cause of the fire to an “illegally […]
Happiest Minds Technologies has wrapped up the previously announced acquisition of Madurai-based IT services company Sri Mookambika Infosolutions (SMI). The Indian multinational technology company informed stock exchanges that the integration process and the subsequent conditions to closing of the deal have been completed on 7 June 2023. Happiest Minds Technologies announced the deal in January […]
Happiest Minds Technologies has acquired Sri Mookambika Infosolutions (SMI), a Madurai-based IT services company in a deal worth INR 111 crores. The consideration will be paid via a mix of upfront and deferred equity, said the India-based Mindful IT Company. Sri Mookambika Infosolutions is engaged in providing product engineering services to its customers in the […]
Reliance Jio Infocomm, a subsidiary of Jio Platforms, has launched Jio True 5G services in six more cities in Tamil Nadu (TN), which include Coimbatore, Tiruchirappalli, Madurai, Hosur, Salem, and Vellore. The Reliance Industries company has taken the total number of Jio True 5G cities to 101 across India. Jio Platforms is said to have […]
GHCL Limited, an Indian chemical and textile company, has signed a memorandum of understanding (MoU) with the Tamil Nadu government for investing INR 500 crores in the state. The MoU was signed by GHCL yarn division CEO M Sivabalasubramanian and Pooja Kulkarni, who is the MD and CEO, Guidance, Industries Department, Government of Tamil Nadu, […]
The Indian Hume Pipe Co. Ltd said that it has been issued the letter of acceptance for the work of around INR 257.6 crores from Madurai City Municipal Corporation in Tamil Nadu. According to the Mumbai-based concrete pipe manufacturing company, the work order is for dedicated water supply scheme for the corporation. It calls for […]
TVS Srichakra, an Indian tires and tubes company, revealed plans to invest INR10 billion ($140 million) to boost its manufacturing at its Madurai and Pantnagar plants. The investment will be made over a three-year period. When fully made, the investment will give TVS Srichakra an increase of 25-30% in two and three wheeler tire capacity, […]