City Chennai Financial News
06.07 / 07:57
Citi
Manufacturing
Parke
Tier I cities accounts for 75% of the total warehousing space absorption: Report
The industrial and warehousing sector also witnessed a new supply of 27.4 million sq. ft. during the same period, reflecting a 36% growth from the 20.2 million sq.
06.07 / 01:47
05.07 / 18:39
UPS
Airlines
Metro
Peak season past, spot airfares soften
₹4,900 in July from ₹7,200-plus in the previous month, down by around 50%. Likewise, spot fares for Mumbai-Goa dipped to around ₹1,500 from over ₹3,200, declining 112%. For Mumbai-Lucknow, last-minute fares have contracted to almost ₹5,000 from ₹9,000 earlier, while Delhi-Kolkata shrunk to around ₹5,200 as compared to over ₹8200 in June.
05.07 / 15:27
UPS
Provident
Cooper
Manufacturing
Apple
Southern
Mumbai
Taipei Economic and Cultural Center to come up in Mumbai: Taiwan
Taipei Economic and Cultural Center (TECC) in India's financial capital Mumbai in sync with the broader aim of expanding overall cooperation between the two sides. Taiwan's decision to set up the TECC in Mumbai came at a time when leading Taiwanese companies are increasingly looking at relocating their production bases from China to India, the US and countries in Europe amid Taipei's increasingly tense relations with Beijing.
05.07 / 14:43
Metro
Southern
Residential segment in Chennai records 3% year-on-year growth: Knight Frank India report
The residential market in Chennai witnessed a 3 per cent growth during the first six months of the year as compared to last year, indicating a positive sales momentum in the real estate sector, a study conducted by leading international property consultant Knight Frank India has said.
05.07 / 14:05
05.07 / 13:51
COST
Twitter
Manufacturing
Carl Pei visits Nothing’s manufacturing facility in Chennai ahead of launch
Smartphone startup Nothing's founder Carl Pei visited the company's manufacturing facility in Chennai on Wednesday and took to Twitter to say that there has been a significant improvement at the plant in terms of cleanliness, security, and processes when compared to the previous year. His visit comes close on the heels of the Nothing Phone(2) launch that is expected to happen on July 11 in India and other global markets.
05.07 / 12:03
Citi
Provident
Maxim
Remark
services
Housewise Expands to Goa, Enhancing Trustworthy Property Management Services
India, July 5, 2023: Goa, known for its picturesque landscapes and vibrant culture, has become the latest addition to the Housewise family as the property management startup extends its operations to this popular tourist destination. With a successful launch in Pune and Bengaluru back in 2017, Housewise has steadily expanded its presence to several major cities across India, including Hyderabad, Chennai, Delhi, Noida, Gurugram, Mumbai, Thane, Ahmedabad, Kolkata, and now Goa.
05.07 / 11:15
UPS
Citi
Manufacturing
Strategy
FLEX
Office leasing by engineering & manufacturing firms tripled in Q2 2023: Colliers
Q2 2023 recorded 14.6 mn sq ft of gross absorption across the top 6 cities, rising by 2% YoY, making a strong comeback after a cautious first quarter. Amidst global economic headwinds, demand continued to grow on a sequential basis, indicating a continued occupier confidence, according to Colliers’ Q2 2023 Pan India Office Market Snapshot (Grade A).
05.07 / 08:37
UPS
Citi
Manufacturing
FLEX
Office rent stable in Apr-Jun on flat demand, 32 pc rise in new supply across top 6 cities: Colliers
office rentals remained stable during April-June at Rs 95 per square feet across six major cities as new supply rose 32 per cent, while demand grew by a modest 2 per cent, according to Colliers India. Real estate consultant Colliers India released its quarterly data of six major office markets — Bengaluru, Delhi-NCR, Mumbai, Chennai, Hyderabad and Pune — on Wednesday. Gross leasing of office space rose 2 per cent to 14.6 million square feet across top six cities during April-June, from 14.3 million square feet in the year-ago period, driven by technology, engineering & manufacturing sectors.
05.07 / 08:05
Citi
Digital
Booking
Metro
Indian
Indian smartphone users benefit by ₹6 for every ₹1 they spend, study reveals
shopping/booking/hiring of products and services. One such interesting finds of the survey is that a smartphone consumer in India benefits by ₹6 for every Re 1 spent. The study also states that the economic value of smartphones for the rich is almost 50% higher in India as compared to the middle class.
04.07 / 19:17
How Sebi’s norms for enhanced disclosures promote better governance
Ranjith Krishnan is faculty member and industry liaison officer, National Institute of Securities Markets, and Usha Ganapathy Subramanian is a Chennai-based company secretary.
04.07 / 16:29
Provident
Manufacturing
Govt labs receive 300 cough syrup samples
NEW DELHI : Government laboratories have received around 300 cough syrup samples for quality testing after the embarrassment of toxic syrups causing deaths abroad. Indian-made cough syrups have been linked to the death of dozens of children in Uzbekistan and Gambia, prompting the government to tighten the export policy for cough syrups.
04.07 / 15:19
Citi
Lowe's
Gap
Metro
Tomato prices soar to ₹155/kg! Highest in Kolkata among metros; check latest rates here
₹155 per kg across major cities in the country due to the supply disruption caused over heavy rains amid monsoons in the producing region, according to official data. In metro cities, retail tomato prices were ruling in the range of ₹58-148 per kg, with the highest in Kolkata at ₹148 per kg and lowest in Mumbai at ₹58 per kg. In Delhi and Chennai, prices were ruling at ₹110 per kg and 117 per kg, respectively.
04.07 / 15:19
UPS
Fallout
Housing sales down 1% in Jan-Jun; gross office leasing up 3%: Knight Frank
Real estate consultant Knight Frank India said housing sales have dipped 1 per cent to 1,56,640 units in January-June from 1,58,705 units in the year-ago period. In contrast, gross office space leasing increased 3 per cent to 26.1 million square feet from 25.3 million square feet. c The period also witnessed second-highest half-yearly residential sales volume in 9.5 years.
04.07 / 08:15
Citi
Provident
Digital
PhonePe's Pincode goes live in ten cities
Pincode, a shopping app developed on the government-backed Open Network for Digital Commerce (ONDC), on Tuesday announced that it has gone live in 10 cities across India. The cities include Mumbai, Delhi, Nodia, Gurugram, Chennai, Hyderabad, Ahmedabad, Pune, and Kolkata.
04.07 / 05:55
UPS
Citi
CEO
Pool
Micron
Microchip
US-based Microchip to invest $300 mn in India; opens R&D center in Hyderabad
US-based semiconductor company Microchip Technology has announced a $300 million investment plan to expand its operations in India, just days after similar moves from industry players Micron, Applied Materials, and Lam Research. To strengthen its presence in India, the company has inaugurated a new research and development (R&D) facility at One Golden Mile Office Tower in Hyderabad.
04.07 / 01:49
Provident
Man
Mobile
Software
Chennai man caught in ₹176 crore tax fraud while trying to flee country: Report
airport who was allegedly involved in fake input tax credit racket case which caused the government a loss of about ₹176 crore. The Chennai unit of GST intelligence busted the racket which involved 59 companies passing on Input Tax Credit worth ₹175.88 crore for a taxable value of ₹973.64 crore, a report by India Today has stated. Earlier on 22 June, his accomplice was arrested from Perambur.
03.07 / 13:31
Manufacturing
CEO
Microchip
Microchip to invest $300 million to expand India operations
Microchip Technology, on Monday announced a multi-year plan to invest approximately $300 million in expanding its operations in India. The time frame for the investment would be the next four to six years. “The investment will be in buildings and infrastructure, equipment and labs, and people.
03.07 / 10:11
Twitter
Cooper
Man
Aviat
Airlines
Assurant
IndiGo responds after man claims wife's flight got delayed due to pilot fatigue
IndiGo flight his wife was travelling. The incident took place on a flight from Dehradun to Lucknow to Chennai. After the flight landed in Lucknow the pilot refused to take off for Chennai, citing exhaustion, Sameer Mohan tweeted, sharing screenshots of WhatsApp conversation with his wife.
03.07 / 10:11
Citi
Provident
Target
Coliving operator Setll to double the capacity to 5,000 beds
Setll has planned to expand its capacity by more than 2.5 times to 5,000 beds by the end of this fiscal and is looking to enter the Noida, Pune and Chennai markets, a senior executive said. The company, which focuses on providing rental accommodations to working professionals, currently has around 2000 beds across Bengaluru, Gurugram and Hyderabad across 40 centres. The Bengaluru-based startup charges between Rs 12,000 and Rs 18,000 per-bed.
what's happening in city Chennai
What is the current situation in city Chennai?
In city Chennai, the spotlight is on major events that spark public discussion.
Where can I find reliable news about city Chennai?
We publish reliable reports about the situation in city Chennai, based on information from regional journalists.
What shapes the media agenda in city Chennai?
The news landscape of city Chennai is shaped by major cultural and social events, reflecting its specific characteristics.
