Chennia-based SPEL Semiconductor Ltd has dropped plans for setting up Special Economic Zone (SEZs) due to its inability to execute such projects.
It has decided to approach the Government of India with representation to withdrawcancel approval granted to SEZ project, the company informed the Bombay Stock Exchange today.
The board of IC assembly and test company took decision on June 20, 2008 to approach the government with request to cancel the approval.
The company did not elaborate on reasons for dropping plans for the project.
SPEL Semiconductor had received nod in June 2007 to set up SEZ Chennai to develop facilities for IT hardware manufacturing.
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Monday, June 23, 2008
Saturday, June 21, 2008
I will mediate between Left and Congress: Karunanidhi
Tamil Nadu Chief Minister M. Karunanidhi will mediate between the Congress and the Left parties in an effort to resolve their differences over the India-U.S. nuclear deal.
“We have a duty to resolve the differences between the Congress and the Left parties in the interest of the nation,” he said at a function here on Saturday to mark the diamond jubilee of the Indian Union Muslim League.
Mr. Karunanidhi, who is meeting Left leaders in Chennai on Sunday, said he would go to New Delhi soon to find an amicable solution, and expressed the hope that his mission would “help save India.”
Appealing to all secular parties not to allow communal forces to gain the upper hand, he said if such forces came to power, issues such as construction of a Ram temple at Ayodhya would crop up again, and the country would not be able to remain peaceful.
“We have a duty to resolve the differences between the Congress and the Left parties in the interest of the nation,” he said at a function here on Saturday to mark the diamond jubilee of the Indian Union Muslim League.
Mr. Karunanidhi, who is meeting Left leaders in Chennai on Sunday, said he would go to New Delhi soon to find an amicable solution, and expressed the hope that his mission would “help save India.”
Appealing to all secular parties not to allow communal forces to gain the upper hand, he said if such forces came to power, issues such as construction of a Ram temple at Ayodhya would crop up again, and the country would not be able to remain peaceful.
Friday, June 20, 2008
Alliance issue closed: Karunanidhi
Ruling out any rapprochement with the Pattali Makkal Katchi, Chief Minister M. Karunanidhi on Friday termed the alliance issue a “closed chapter.”
Talking to reporters at his Gopalapuram residence after inducting Tindivanam Municipality Chairman A. Boopalan, who was elected on a PMK ticket, into the DMK, Mr. Karunanidhi rejected the criticism that his party had unilaterally decided to snap ties with the PMK.
“The decision was taken within the party (DMK),” he said, adding that there was no proposal from Dr Ramadoss to consult others before nominating his son to the Rajya Sabha and later making him a Union Minister.
Asked about the resolution adopted in the general council meeting of the PMK, rejecting action against Kaduvetti Guru and giving a point-by- point reply to the DMK’s charges against the PMK, the Chief Minister said,
“It has proved what he had spoken.”
He said the speech could not be simply brushed aside just because it was made some months ago.
Asked whether any case would be filed against Mr. Guru, he said the issue had to be dealt with according to the law.
On the efforts made by Viduthalai Chiruthaikal Katchi president Thol Thirumavalavan to bring the DMK and the PMK together, the Chief Minister said that he also met him.
“But I told him that there was not even an attempt to express regret for Mr. Guru’s words.”
Asked whether he was open to rapprochement if the PMK came forward to express regret, the Chief Minister said the resolution of the general council did not make any such attempt. The alliance issue was a closed chapter, he said to persistent queries from reporters. Mr. Boopalan, who was with the DMK before defecting to the PMK, said he was returning to the DMK because he was not able to do any work in his municipality. He refused to go into the bickering between the DMK and the PMK.
Talking to reporters at his Gopalapuram residence after inducting Tindivanam Municipality Chairman A. Boopalan, who was elected on a PMK ticket, into the DMK, Mr. Karunanidhi rejected the criticism that his party had unilaterally decided to snap ties with the PMK.
“The decision was taken within the party (DMK),” he said, adding that there was no proposal from Dr Ramadoss to consult others before nominating his son to the Rajya Sabha and later making him a Union Minister.
Asked about the resolution adopted in the general council meeting of the PMK, rejecting action against Kaduvetti Guru and giving a point-by- point reply to the DMK’s charges against the PMK, the Chief Minister said,
“It has proved what he had spoken.”
He said the speech could not be simply brushed aside just because it was made some months ago.
Asked whether any case would be filed against Mr. Guru, he said the issue had to be dealt with according to the law.
On the efforts made by Viduthalai Chiruthaikal Katchi president Thol Thirumavalavan to bring the DMK and the PMK together, the Chief Minister said that he also met him.
“But I told him that there was not even an attempt to express regret for Mr. Guru’s words.”
Asked whether he was open to rapprochement if the PMK came forward to express regret, the Chief Minister said the resolution of the general council did not make any such attempt. The alliance issue was a closed chapter, he said to persistent queries from reporters. Mr. Boopalan, who was with the DMK before defecting to the PMK, said he was returning to the DMK because he was not able to do any work in his municipality. He refused to go into the bickering between the DMK and the PMK.
Wednesday, June 18, 2008
STAR WARS in Tamil Nadu Electoral ambitions of Tamil superstars pop us, as fans 'pray' for a political base.
A small temple in Tamil Nadu's Rajapalayam town saw an unusual crowd last week - a gathering of Rajnikanth-fans who prayed fervently for their icon to make the decision to enter politics.
The members of the Rajnikanth Fans Association also sacrificed 10 goats at the Pechiamman temple in Rajapalayam, about 100 km from Madurai, to appease the deity, hoping that their wish would be fulfilled.
After the huge success of ‘Sivaji: The Boss’, Rajnikanth is now busy with his next film ‘Kuselan’, whose rights have reportedly been sold to Pyramid Saimira for Rs.640 million. With Rajni still engrossed in films, only divine intervention could draw him into politics, his fans felt.
"We pray that our superstar should enter active politics," said Yogasekaran, the leader of the fans association.
He pointed out that other film heroes like Vijayakanth and Sarath Kumar had their own parties. Even actor Karthik had left the All India Forward Bloc and set up his own political party.
Fans of Rajni fear that others will hog the political space for actors in the ruling DMK, especially after the exit of Sarath Kumar.
Chennai is rife with rumours that Karunanidhi, after having dropped the Pattali Makkal Katchi (PMK) from the DMK-led alliance, is ready to welcome Vijayakanth's Desiya Murpokku Dravida Kahzagam (DMDK) into the fold.
Last week, Vijayakanth, popularly known as Captain, told the media in his constituency Vriddhachalam that the DMDK will "only align with parties that give a written undertaking to strive for the people's welfare" for the coming Lok Sabha elections.
On Sunday, he said: "I have no plans to team up with any party, I am confident of my alliance with the people. No one can stop me from becoming the chief minister.
"Reject both these parties (the DMK and the AIADMK) and give new thinking a chance... Take their money (DMK's and AIADMK's), because it is really yours and vote for the DMDK," the Captain said.
He stressed that common people were reeling under the burden of "price rise and Special Economic Zones" and demanded "a ban on online trading of food grains" - similar to what one-time actress and AIADMK leader J. Jayalalithaa has been saying for the past several weeks.
Her focus of criticism, however, was not arch rival DMK, but Finance Minister P. Chidambaram and the United Progressive Alliance's policies to ensure that the Bharatiya Janata Party (BJP) keeps her AIADMK in its radar for the 2009 polls as a staunch detractor of the UPA.
Jayalalithaa has, in several recent attacks on Vijayakanth, said she and her party "were the true inheritors of MGR (AIADMK founder M.G. Ramachandran)", dismissing all talk of any friendship with Vijayakanth, known as 'Karuppu MGR' or black MGR.
This has lent credibility to the rumours of the DMDK allying with the DMK rather than with the AIADMK, which is more likely to extend its hands to the tried and tested PMK.
But where is superstar Kamal Haasan in all this star talk?
Kamal perhaps wants his much-hyped Friday released ‘Dasavatharam’ to speak for his politics. The opening and ending shots of the film had DMK patriarch Karunanidhi and the film began with the debate on whether there is god - the Dravidian rationalist's constant argument.
It ends with the argument that if there is god, should he let this happen - Shots of a great tsunami devastating Tamil Nadu's coast, drowning a statue of poet-saint Thiruvalluvar, and one of Kamal's avatars Vincent Poovaragan, a Dalit leader.
The film was also replete with shots of Jayalalithaaq reviewing relief work in a helicopter and gave credence to crank theories about the 2004 tsunami, thrown in with a liberal dose of anti-Americanism - perhaps aimed at pleasing the Indian Left. The film, therefore, gave his audience ideas that Kamal Haasan too was preparing for a political debut with a very unscientific potboiler.
All-India Samathuva Makkal Katchi president Sarath Kumar has, meanwhile, made his anti-DMK stand stronger by calling for the "resignation" of Chief Minister Karunanidhi, who must "own responsibility for his failure to check prices of essential commodities".
The actor-politician even went on to ask, "Will reinstalling the Kannagi statue and securing classical, divine-language status to Tamil help control the rates of essential commodities?"
The members of the Rajnikanth Fans Association also sacrificed 10 goats at the Pechiamman temple in Rajapalayam, about 100 km from Madurai, to appease the deity, hoping that their wish would be fulfilled.
After the huge success of ‘Sivaji: The Boss’, Rajnikanth is now busy with his next film ‘Kuselan’, whose rights have reportedly been sold to Pyramid Saimira for Rs.640 million. With Rajni still engrossed in films, only divine intervention could draw him into politics, his fans felt.
"We pray that our superstar should enter active politics," said Yogasekaran, the leader of the fans association.
He pointed out that other film heroes like Vijayakanth and Sarath Kumar had their own parties. Even actor Karthik had left the All India Forward Bloc and set up his own political party.
Fans of Rajni fear that others will hog the political space for actors in the ruling DMK, especially after the exit of Sarath Kumar.
Chennai is rife with rumours that Karunanidhi, after having dropped the Pattali Makkal Katchi (PMK) from the DMK-led alliance, is ready to welcome Vijayakanth's Desiya Murpokku Dravida Kahzagam (DMDK) into the fold.
Last week, Vijayakanth, popularly known as Captain, told the media in his constituency Vriddhachalam that the DMDK will "only align with parties that give a written undertaking to strive for the people's welfare" for the coming Lok Sabha elections.
On Sunday, he said: "I have no plans to team up with any party, I am confident of my alliance with the people. No one can stop me from becoming the chief minister.
"Reject both these parties (the DMK and the AIADMK) and give new thinking a chance... Take their money (DMK's and AIADMK's), because it is really yours and vote for the DMDK," the Captain said.
He stressed that common people were reeling under the burden of "price rise and Special Economic Zones" and demanded "a ban on online trading of food grains" - similar to what one-time actress and AIADMK leader J. Jayalalithaa has been saying for the past several weeks.
Her focus of criticism, however, was not arch rival DMK, but Finance Minister P. Chidambaram and the United Progressive Alliance's policies to ensure that the Bharatiya Janata Party (BJP) keeps her AIADMK in its radar for the 2009 polls as a staunch detractor of the UPA.
Jayalalithaa has, in several recent attacks on Vijayakanth, said she and her party "were the true inheritors of MGR (AIADMK founder M.G. Ramachandran)", dismissing all talk of any friendship with Vijayakanth, known as 'Karuppu MGR' or black MGR.
This has lent credibility to the rumours of the DMDK allying with the DMK rather than with the AIADMK, which is more likely to extend its hands to the tried and tested PMK.
But where is superstar Kamal Haasan in all this star talk?
Kamal perhaps wants his much-hyped Friday released ‘Dasavatharam’ to speak for his politics. The opening and ending shots of the film had DMK patriarch Karunanidhi and the film began with the debate on whether there is god - the Dravidian rationalist's constant argument.
It ends with the argument that if there is god, should he let this happen - Shots of a great tsunami devastating Tamil Nadu's coast, drowning a statue of poet-saint Thiruvalluvar, and one of Kamal's avatars Vincent Poovaragan, a Dalit leader.
The film was also replete with shots of Jayalalithaaq reviewing relief work in a helicopter and gave credence to crank theories about the 2004 tsunami, thrown in with a liberal dose of anti-Americanism - perhaps aimed at pleasing the Indian Left. The film, therefore, gave his audience ideas that Kamal Haasan too was preparing for a political debut with a very unscientific potboiler.
All-India Samathuva Makkal Katchi president Sarath Kumar has, meanwhile, made his anti-DMK stand stronger by calling for the "resignation" of Chief Minister Karunanidhi, who must "own responsibility for his failure to check prices of essential commodities".
The actor-politician even went on to ask, "Will reinstalling the Kannagi statue and securing classical, divine-language status to Tamil help control the rates of essential commodities?"
Tuesday, June 17, 2008
DMK snaps ties with PMK
The Dravida Munnetra Kazhagam announced on Tuesday that it was snapping its ties with the Pattali Makkal Katchi since the DMK “could not accept that … relations had to be continued with a party that denigrated” it.
A nine-page resolution, adopted at the end of over hour-long deliberations of the party’s High Level Policy Implementation Committee here, said that after a PMK leader spoke in a cheap and derogatory manner that sought to take away the DMK’s self-respect — he was not even apologetic, nor did the PMK leadership take action against him — and since it could not be accepted that the alliance had to be continued with such persons, “the committee regrets to announce that a situation had emerged where the [Democratic Progressive] alliance could not go forward along with such people [the PMK].”
The speech in question was made by J. Guru, former MLA, who spoke at a PMK meeting in a derogatory manner about the DMK leadership. He said that if any PMK functionary was arrested, Union Minister A. Raja and MLA Sivasankar would not be alive. The PMK contends that the speech was an “old issue” that “has been sorted out.” Asked about this, Mr. Karunanidhi shot back: “Will you condone a murder just because it was committed some time ago?”
Mr. Karunanidhi said he had read about the speech in the media but had not taken it seriously.
A nine-page resolution, adopted at the end of over hour-long deliberations of the party’s High Level Policy Implementation Committee here, said that after a PMK leader spoke in a cheap and derogatory manner that sought to take away the DMK’s self-respect — he was not even apologetic, nor did the PMK leadership take action against him — and since it could not be accepted that the alliance had to be continued with such persons, “the committee regrets to announce that a situation had emerged where the [Democratic Progressive] alliance could not go forward along with such people [the PMK].”
The speech in question was made by J. Guru, former MLA, who spoke at a PMK meeting in a derogatory manner about the DMK leadership. He said that if any PMK functionary was arrested, Union Minister A. Raja and MLA Sivasankar would not be alive. The PMK contends that the speech was an “old issue” that “has been sorted out.” Asked about this, Mr. Karunanidhi shot back: “Will you condone a murder just because it was committed some time ago?”
Mr. Karunanidhi said he had read about the speech in the media but had not taken it seriously.
Chrysler in talks with TN for car plant
The US car maker will send a team to the state for feasibility study.
American car maker Chrysler is in talks with the Tamil Nadu government to set up a greenfield facility in the state. The company has agreed to send a team to Tamil Nadu to study the feasibility of the project in the state.
While the discussion with the Tamil Nadu government is at very early stage, a senior official in the government said that Chrysler was looking at expanding its operations in Asia and India is one market the car maker is keen to enter.The amount of investment could not be ascertained.
VROOMING FAST
# Chrysler is looking at expanding its operations in Asia and India is one market the car maker is keen to enter.
# Earlier, a team of senior officials from various state departments toured the US to woo investments.
# Members of the TN team met Chrysler executives to brief them on the advantages of setting up their first plant in the state.
American car maker Chrysler is in talks with the Tamil Nadu government to set up a greenfield facility in the state. The company has agreed to send a team to Tamil Nadu to study the feasibility of the project in the state.
While the discussion with the Tamil Nadu government is at very early stage, a senior official in the government said that Chrysler was looking at expanding its operations in Asia and India is one market the car maker is keen to enter.The amount of investment could not be ascertained.
VROOMING FAST
# Chrysler is looking at expanding its operations in Asia and India is one market the car maker is keen to enter.
# Earlier, a team of senior officials from various state departments toured the US to woo investments.
# Members of the TN team met Chrysler executives to brief them on the advantages of setting up their first plant in the state.
Monday, June 16, 2008
Friday, June 13, 2008
TCS creates record at VIT
Tata Consultancy Services (TCS), India's largest IT company, has selected a whopping total of 1,075 students of VIT University after a very rigorous screening in the first slot for the 2009 June passing out batch. The interviews were conducted at VIT from June 2 to June 4.
TCS has thus created a world record by selecting the largest number of students from a single campus by any company anywhere in the world. In June 2007, TCS had selected 789 students from VIT and set a record at that time.
For this year 1,696 VIT students had appeared for the TCS online test and 1416 qualified, which is the highest percentage of pass for TCS from any campus across the country as on date. Students from BTech (EEE, E&I, Civil, Chemical and Mechanical) fared equally well along with those from IT branches. TCS also recruited 128 MS (Software Engineering) students out of the 166 students in the PG stream.
Well known IT giants like Microsoft, Google, Yahoo, Oracle etc., had visited VIT for placements in the last academic year and are expected later this year. VIT has topped the campus placements in the last 5 years throughout the country in the private sector.
VIT Chancellor, G Viswanathan announced the final selection list at Anna Auditorium, VIT University on June 4 amidst thunderous applause from the students. He thanked TCS CEO, Ramadorai and the TCS selection team headed by Antony Dinesh for their faith in the quality of VIT students.
TCS has thus created a world record by selecting the largest number of students from a single campus by any company anywhere in the world. In June 2007, TCS had selected 789 students from VIT and set a record at that time.
For this year 1,696 VIT students had appeared for the TCS online test and 1416 qualified, which is the highest percentage of pass for TCS from any campus across the country as on date. Students from BTech (EEE, E&I, Civil, Chemical and Mechanical) fared equally well along with those from IT branches. TCS also recruited 128 MS (Software Engineering) students out of the 166 students in the PG stream.
Well known IT giants like Microsoft, Google, Yahoo, Oracle etc., had visited VIT for placements in the last academic year and are expected later this year. VIT has topped the campus placements in the last 5 years throughout the country in the private sector.
VIT Chancellor, G Viswanathan announced the final selection list at Anna Auditorium, VIT University on June 4 amidst thunderous applause from the students. He thanked TCS CEO, Ramadorai and the TCS selection team headed by Antony Dinesh for their faith in the quality of VIT students.
Tamilnadu New Assembly complex by 2010
Chief Minister M. Karunanidhi on Thursday laid the foundation stone for the new Legislative Assembly complex and Secretariat at the Omandurar Government Estate here.
The Assembly complex, spread over 1.2 lakh square metres in two blocks, will have a mix of both traditional and modern features. The Assembly division will have seating for 300 MLAs.
The 2010-2011 State budget will be presented in the new Legislative Assembly, said Public Works Department Minister Durai Murugan.
Chief Justice of the Madras High Court A.K. Ganguly, speaking on the decision to attend the function, said the normal practice was for “judiciary and its members” to stay away from the other arms of the State — executive and legislature. “That is the conventional view. I think judiciary is a part of the State. That is also the Constitutional dispensation. Being part of the State, Judges and judiciary are not out of place in this evening’s function.”
Mr. Karunanidhi, who took permission from the Chief Justice to speak remaining seated, explained that the complex was not coming up at the cost of other schemes. He recalled many of the schemes being implemented, to stress that the government was serious about all development schemes. It needed a new place for legislators to debate on the schemes. He called upon the PWD Minister and the department not be swayed by hostile opinion and wanted them to complete the project at the earliest.
Finance Minister K. Anbazhagan said the movement from inside Fort to the government estate was symbolic as it represented one more step closer to the people.
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