MANUFACTURING Polymatech Expands Upstream Chip Manufacturing With Chennai Facility

Polymatech Electronics has commissioned a sapphire ingot crystal-growth puller at its Oragadam campus in Chennai, marking a significant step in expanding its upstream semiconductor materials capabilities and advancing its strategy of end-to-end vertical integration. The new facility, located at the company’s campus in the SIPCOT Hi-Tech Special Economic Zone (SEZ), is expected to strengthen Polymatech’s […]

CW Bureau · Jul 7, 2026

INFRASTRUCTURE Hitachi Energy India To Invest ₹1,000 Cr In TN, Create 1,000 Technical Jobs

Hitachi Energy India has signed a memorandum of understanding (MoU) with the Government of Tamil Nadu to invest approximately ₹1,000 crore over the next three to five years to expand its manufacturing and research capabilities in the state. The MoU was signed in the presence of Tamil Nadu Chief Minister C. Joseph Vijay. The proposed […]

CW Bureau · Jul 7, 2026

STARTUP/TECHNOLOGY Garuda Aerospace Partners Micron Instruments To Make Defence Drones

Indian cricketer M.S. Dhoni backed drone startup Garuda Aerospace has signed a Memorandum of Understanding with Micron Instruments Pvt. Ltd. to jointly develop next-generation defence drones and unmanned systems. Micron Instruments is an Indian manufacturer of precision fuzes, defence ammunition systems and critical military components. Focus on indigenous systems Under the agreement, the two companies […]

CW Bureau · Jul 4, 2026

HOSPITALITY Mahindra Lifespaces Eyes 75% Sales From Sustenance Projects In 5 Years

Mahindra Lifespaces Developers Ltd expects a healthy pipeline of launches over the next five years while increasing the contribution of sustenance projects to overall sales, said its Managing Director & CEO Amit Kumar Sinha. “Our goal is to increase sales from sustenance projects. This year, 60% of our sales came from new launches and 40% […]

CW Bureau · Jun 30, 2026

MANUFACTURING Rane (Madras) Buys HCL’s Friction Business In A Slump Deal Of ₹370 Cr

Rane (Madras) Ltd (RML) has signed an agreement to acquire the friction business of Hindustan Composites Ltd (HCL) on a slump sale basis for an enterprise value of ₹370 crore, a move that will significantly strengthen its presence in India’s friction materials market. The acquisition will combine two established businesses to create a friction solutions […]

CW Bureau · Jun 30, 2026

HOSPITALITY Athulya Opens Maiden & Exclusive Geriatric Hospital In Chennai

Athulya Senior Care, India’s largest senior care operator, has opened its first exclusive hospital for senior citizens in Chennai, strengthening its integrated elder care ecosystem spanning hospital care, assisted living and home care. The 60-bed Athulya Geriatric Care Hospital at Valasaravakkam was inaugurated by Tamil Nadu Governor Rajendra Viswanath Arlekar. The facility offers specialised geriatric […]

CW Bureau · Jun 28, 2026

MANUFACTURING TVS SCS Enters Aerospace & Defence Supply Chain Market Through ALA JV

TVS Supply Chain Solutions Ltd (TVS SCS), the Chennai-headquartered global supply chain solutions provider and part of the TVS Mobility Group, has formed a joint venture with Italy-based aerospace and defence supply-chain integrator ALA Group to tap opportunities in India’s $28 billion rapidly growing aerospace and defence sectors. Under the agreement, TVS SCS will hold […]

CW Bureau · Jun 4, 2026

GENERAL Kothari Industrial Corpn To Foray Into Ferrous, Non-Ferrous Metal Business

Kothari Industrial Corporation Ltd (KICL), a Chennai-based diversified industrial conglomerate, is planning to enter the ferrous and non-ferrous metals business as part of its diversification and expansion strategy. The board of the century-old BSE-listed company approved the proposed diversification-cum-expansion plan at its meeting on May 30. The proposed business will cover trading, manufacturing, processing, import, […]

CW Bureau · May 31, 2026

STARTUP/TECHNOLOGY India’s Data Centre Capacity To Cross 3 GW By 2028: CBRE 2026 Outlook

India’s data centre (DC) capacity is expected to exceed 3 gigawatts (GW) by the end of 2028, driven by rising demand from hyperscalers, artificial intelligence workloads and the country’s favourable development ecosystem, according to a report by CBRE. The report, 2026 Asia Pacific Data Centre Trends & Outlook, said India has emerged as one of […]

CW Bureau · May 30, 2026

HOSPITALITY Shriram Properties Guides For ₹5,000 Cr Sales, PAT Of ₹2,500 Cr In FY28

Shriram Properties Ltd (SPL), a leading property developer, has guided for sales bookings of ₹3,300-3,500 crore in FY27, backed by a strong project pipeline, healthy residential demand and accelerated execution across key markets. The company expects sales volumes of 5-5.5 million sq. ft. during FY27, while customer collections are projected at ₹2,100-2,200 crore. Project deliveries […]

CW Bureau · May 26, 2026

GENERAL Brigade’s BuzzWorks Unveils Multi-City Expansion Plan, Enters Mysuru

BuzzWorks, the premium managed office and co-working arm of Brigade Group, has unveiled an aggressive multi-city expansion strategy for 2026 while making its entry into Mysuru. On Friday, the company launched Brigade Vantage, a 500-seat Grade A managed workspace in Mysuru. The facility is located within the 1.3 lakh sq. ft. Brigade Vantage commercial campus […]

CW Bureau · May 16, 2026

HOSPITALITY Wonderla Eyes New Parks, Resorts Expansion Amid Demand Growth

Amusement park operator Wonderla Holidays Ltd is planning to expand its footprint through new parks, resort projects and upgrades to existing properties as it remains optimistic about demand growth in FY27. The company currently operates five parks in Chennai, Bengaluru, Kochi, Hyderabad and Bhubaneswar and plans are on to add at least five more over […]

CW Bureau · May 15, 2026