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News on Medial
'Tamil Nadu gives more than what it receives': Financial planner reignites debate on fiscal federalism
Business Today
·
5m ago
Medial
The debate on fiscal federalism in India highlights concerns raised by states like Tamil Nadu, Maharashtra, and Karnataka regarding revenue distribution. Economist Muthukrishnan emphasizes the need to perceive financial exchanges with the Centre as reciprocal. Economically stronger states often contribute more in taxes than they receive in allocations and grants. The government is considering reducing the central tax revenue shared with states from 41% to at least 40%, further sparking discussions on equitable financial distribution.
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‘Hard work vs entitlement’: Reddit thread reignites North vs South labour ethics debate in Tamil Nadu
Business Today
·
5m ago
Medial
A debate on Reddit has reignited discussions about work culture and ethics in Tamil Nadu, focusing on the perceived differences in labor ethics between the North and South. The conversation highlights how professionalism and job performance, rather than regional identity, now play crucial roles in determining job security in the current economic landscape, challenging traditional stereotypes and emphasizing a shift towards merit-based evaluations in the workplace.
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‘Don’t know where these numbers are from...’: FM Nirmala Sitharaman hits back at claims that Tamil Nadu gets little
Business Today
·
5m ago
Medial
Finance Minister Nirmala Sitharaman refuted claims that Tamil Nadu receives minimal support from the Centre, emphasizing its significant share of Production-Linked Incentives (PLI). She highlighted that about 25% of PLI beneficiaries and 46 out of 257 PLI auto component applicants are in Tamil Nadu. Additionally, electronic manufacturing companies in Tamil Nadu benefit from PLI funds, and clusters have been allocated ₹1,100 crore. Sitharaman underscored that Tamil Nadu contributes more to the Centre than it receives.
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Sweet Tooth: A91 Partners to invest Rs 175 Cr in Shree Anandhaas Sweets
YourStory
·
27d ago
Medial
A91 Partners plans to invest Rs 175 crore in Shree Anandhaas Sweets, marking the first institutional funding for the long-standing business. Established in 1998 and transitioning to sweets retail in 2017, Shree Anandhaas operates 19 outlets in Tamil Nadu. The new capital will support expansion into Chennai, other parts of Tamil Nadu, and neighboring states. The company reported Rs 290 crore in revenue for fiscal 2025 and maintains a 10% EBITDA margin.
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Zomato’s GST Troubles: Foodtech Giant Receives Another Demand Notice
Inc42
·
1y ago
Medial
Zomato has been hit with a GST tax demand of INR 1.89 lakh, along with interest and penalty, by the Sales Tax Officer in Delhi. The food delivery platform has stated that it will pay the applicable dues and the cost of litigation. This comes after Zomato received GST tax demand and penalty orders totaling INR 4.59 crore from authorities in Tamil Nadu and West Bengal earlier this week.
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Super-speciality pharmacy MrMed raises $500K from Tamil Nadu Emerging Sector Seed Fund, others
IndianStartupNews
·
2y ago
Medial
Healthtech startup MrMed has secured $500,000 in funding from Tamil Nadu Emerging Sector Seed Fund (TNESSF), along with participation from BEEJ Network and Vish Entrepreneurs. Managed by Tamil Nadu Infrastructure Fund Management Corporation Limited, TNESSF's funding will be used for marketing, team expansion, and exploring new ventures in the pharma supply chain and healthcare sectors. MrMed offers super-speciality medicines for critical conditions and claims to have an ARR of over Rs 26 crore, serving more than 50,000 users across India.
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Tamil Nadu notifies e-gaming rules; to come into force immediately
Economic Times
·
6m ago
Medial
The Tamil Nadu government has published the Tamil Nadu Online Gaming Authority (TNOGA) Regulations, 2025, which immediately came into effect. These regulations prohibit minors from playing real money games, require Aadhaar verification, and mandate pop-up warnings for prolonged play. Providers must offer options to set financial limits and display warnings about gaming addiction. However, implementing these state-specific regulations poses challenges, and experts suggest a unified national framework for real money gaming platforms could be more effective.
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More than 43,000 people working in iPhone manufacturing in Tamil Nadu: MoS IT Jitin Prasada
Economic Times
·
1y ago
Medial
According to the minister of state for electronics and information technology, Jitin Prasada, more than 43,000 people are involved in manufacturing Apple's iPhones in Tamil Nadu. The government has set up 24 electronics manufacturing clusters and four common facility centres across 19 states, receiving 33 applications from applicants seeking to establish manufacturing units. The total production carried out by companies in Tamil Nadu is Rs 1,38,452 crore, with exports amounting to Rs 57,720 crore for products approved under the IT ministry's modified special incentive package scheme.
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Ford back in India? Tamil Nadu CM MK Stalin meets officials in US
Livemint
·
11m ago
Medial
Tamil Nadu Chief Minister MK Stalin met with Ford officials during his US visit to discuss the automaker's operations in the state. CM Stalin expressed interest in renewing Ford's partnership with Tamil Nadu and bringing manufacturing back to the region. Ford had previously exited the Indian market due to declining sales but may be considering a return focused on hybrid and electric vehicles. The company has faced challenges in the past in India, including intense competition and significant financial losses.
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Zomato gets Rs 4.59 crore tax demand notices
Economic Times
·
1y ago
Medial
Food delivery platform Zomato has received GST tax demand orders exceeding Rs 4.59 crore from Tamil Nadu and West Bengal authorities. The company plans to appeal against the demand. Tamil Nadu issued an order for GST of Rs 81,16,518, plus applicable interest and penalty, while West Bengal issued an order for GST of Rs 1,92,43,792, along with interest and penalty. Zomato stated that it has provided clarification along with relevant documents, and believes it has a strong case to defend the matter. The company does not anticipate any financial impact.
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Tata Motors holds groundbreaking ceremony for Tamil Nadu factory
Economic Times
·
11m ago
Medial
Tata Motors held a groundbreaking ceremony for a new facility in Tamil Nadu, which will produce cars and SUVs and is expected to create 5,000 jobs. The factory will manufacture vehicles for Tata Motors and Jaguar Land Rover, catering to both domestic and international markets. The Tata Group has invested in multiple production units in Tamil Nadu over the past three years and has more than 150,000 direct employees in the state. The facility is designed to have an annual production capacity of over 250,000 vehicles and will gradually reach this capacity over the next few years.
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