City Chennai Financial News

Bhubaneswar while the Bhubaneswar Municipal Corporation (BMC) cremated the mortal remains of two victims at the Satya Nagar crematorium here. Of the 81 bodies at AIIMS Bhubaneswar, 29 bodies were identified through DNA testing, and out of that, 22 bodies have been cremated by Sunday, an official said.

Mahindra Lifespaces Developers Ltd (MLDL), the real estate and infrastructure development business of the Mahindra Group, today announced its foray into plotted developments. The brand unveiled its first plotted development project ‘Lakefront Estates by Mahindra’ at Mahindra World City (MWC), Chennai.

NDR Warehousing (“NDR”), one of India’s largest warehouse development and operating platforms. This comes after Investcorp led a $55 million investment round in NDR Warehousing last year.

Cricket World Cup, businesses in India are also set to gain from the matches. The tournament will be held from October 5 to November 19 and played across 10 venues in Hyderabad, Ahmedabad, Dharamsala, Delhi, Chennai, Lucknow, Pune, Bengaluru, Mumbai and Kolkata. The pandemic left the hospitality sector ravaged, which has now limped back to normalcy.

The highly anticipated Madurai Metro Rail project is making significant progress as the Detail Project Report (DPR) is set to be submitted on July 15, according to MA Siddique, Managing Director of Chennai Metro Rail Limited (CMRL). Siddique revealed that the metro rail in Madurai will cover a total length of 32 kilometers, with 27 kilometers of elevated structure and 5 kilometers underground.

Jet fuel or ATF price on Saturday was hiked by 1.65 per cent — the first increase in rate after fourth months of reduction warranted by softening oil prices. Aviation Turbine Fuel (ATF) price was increased by Rs 1,476.79 per kilolitre, or 1.65 per cent, in the national capital to Rs 90,779.88 per kl, according to a price notification of state-owned fuel retailers. Rates vary from state to state.

Pakistan is set to send a security delegation to India for inspecting the venues before giving clearance for the national team's travel to the neighbouring country for this year's ICC ODI World Cup. An official source in the Inter-Provincial Coordination (Sports) Ministry told PTI that the government, including the foreign and interior ministry would decide when to send the security delegation to India once the new chairman of the Pakistan Cricket Board was elected after the Eid holidays.

Dulquer Salmaan's ambitious film, 'King Of Kotha,' was released on Wednesday evening (28th June), leaving audiences captivated and smashing records along the way. Within a mere 12 hours of its launch, the teaser shattered the previous record for the highest number of views on YouTube in a single day for a Malayalam promo.

South Eastern Railway was transferred as general manager to the Rail Wheel Factory in Karnataka's Yelahanka on Friday. This is the latest in a series of relocations for senior officials of the zone in which a triple train accident on June 2 killed more than 290 people. Earlier, the Railway Board had transferred five senior zone officials, including the assistant general manager and the divisional railway manager.

Turkish Cryptocurrency Exchange Bitay Plans To Enter Indian Market

Giottus Crypto Exchange achieved the milestone of hosting more than one million investors on the platform ahead of its fourth anniversary. Giottus is the only bootstrapped exchange in India to have achieved this feat. Founded in November 2017, Giottus kicked off its operations in April 2018 and is among India’s top-rated crypto investment platforms. Chennai-headquartered Giottus is currently the only multilingual crypto platform in the country with investors having the ability to buy and sell their crypto portfolio in eight Indian languages, including Hindi, Tamil, and Telugu.

Chennai/Mumbai: Indian companies across sectors have started experimenting with various options — especially non-fungible tokens (NFTs) — as a marketing tool to expand their presence in the relatively new digital domain of metaverse. These companies range from Mahindra & Mahindra (M&M), Ceat & MG Motor in the automobile space to jewellery brand Tanishq from the Tata Group, to travel aggregator MakeMyTrip. They have introduced their own NFTs. NFTs are digital assets that allow a very limited number of owners a digital experience and also bragging rights. Their ownership is validated by a long alphanumeric code that’s nearly impossible to hack. NFTs, for all practical purposes, are digital arts. To attract new customers who are more tuned to the real world and may not be comfortable with a fully digital experience, companies are mixing in some real-life experience too for NFT owners. Last week, Tanishq launched its new ‘Romance of Polki’ wedding collection in the metaverse, allowing guests to get a 3D experience of the launch and the jewellery pieces as well as to try on a showstopper piece using QR codes from their mobiles. According to Titan CEO (jewellery division) Ajoy Chawla, the company is trying to discover the metaverse and explore its potential. Presented ByDid you Know?DeFi is enablin

Mahindra and Mahindra enters non-fungible tokens (NFTs)

With NFT gaining traction, more players are entering the digital space

Jupiter Meta is all set to launch its NFT marketplace on February 23, 2021. It will be India’s first fully curated NFT marketplace. This marketplace will focus on verticals such as music, film, and gaming, creating singular experiences for each user and enabling everyone to maximize their time in the metaverse. Jupiter Meta is aiming to tap the growing Web 3.0 space, it said, adding that it looks to bring people into a more involved and personalized feel to their metaverse interactions.