City Chennai Financial News
26.12 / 06:29
Provident
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community
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social
Senior American executive thanks IITian immigrant on visa for his job
Aravind Srinivas, the co-founder and CEO of Perplexity AI, stands at the center of a broader conversation on the contributions of skilled immigrants to the United States. Chennai-born Srinivas, who graduated from IIT Madras and later did his PhD from University of California, Berkeley, worked at OpenAI before launching Perplexity AI in 2022. Dmitry Shevelenko, chief business officer at Perplexity AI, pointed to Srinivas’s contributions, noting that the company’s growth under his leadership has created over 100 American jobs.
26.12 / 05:57
26.12 / 02:55
25.12 / 10:17
Career
CEO
economy
Universities
show
innovations
Colleges
From SRM University to Donald Trump's AI advisor: How a Chennai company spotted Sriram Krishnan’s talent years ago
Sriram Krishnan as Senior Policy Advisor for Artificial Intelligence at the White House Office of Science and Technology Policy has sparked significant interest, but an intriguing aspect of this story is the connection between Chennai-born Krishnan and Sridhar Vembu, CEO of Zoho Corp. Vembu, known for his visionary leadership in the tech industry, had spotted his potential early on.
24.12 / 13:19
FLEX
film
social
Courts
Investigations
NIA chargesheets two for conspiring to establish Islamic caliphate in India
Islamic caliphate in India, besides spreading terror in Tamil Nadu and neighbouring states, it said in a statement. According to the National Investigation Agency (NIA) investigation, the accused were actively involved in recruiting «Daris/students» to «secret classes» of the Hizb ut Tahrir (HuT) terror organisation.
24.12 / 01:01
markets
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PAM
social
Podcasts
Meet Chennai techie set to guide Trump on all things AI tech
Sriram Krishnan is the latest addition to the growing list of Indian Americans appointed in the Trump 2.0 administration. He will serve as senior White House policy advisor for artificial intelligence (AI).
24.12 / 00:13
COST
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Aware
Manufacturing
stage
country
testing
Vande Bharats to get a bullet boost
Subscribe to enjoy similar stories. Homemade bullet trains may belt down specialised railway corridors in the not-too-distant-future.
23.12 / 14:19
markets
COST
UPS
Citi
Waters
Sustainability
electronic
Mahindra Lifespace pauses Delhi-NCR investment as it chases 'net zero' niche
Subscribe to enjoy similar stories. MUMBAI : Mahindra Lifespace Developers Ltd, the realty arm of the Mahindra Group, will pause fresh investments in the Delhi-National Capital Region (NCR) and narrow operations to markets where it can create a niche as a ‘net zero’ developer. “We have exited two cities completely, Nagpur and Hyderabad, and we are holding back any investment in Delhi NCR right now," said Amit Kumar Sinha, managing director and chief executive at Mahindra Lifespace.
23.12 / 04:59
22.12 / 20:05
COST
Digital
Strategy
Software
PAM
country
Data centre capacity in colocation space to grow by 230 MW in 2024: Cushman & Wakefield
Data centre capacity addition in the colocation space is expected to reach approximately 230 MW (IT load) by the end of 2024, with a similar or higher capacity addition anticipated in 2025, according to Cushman & Wakefield data. In 2025, while the majority of capacity creation will occur in Mumbai, other cities such as Delhi-NCR, Kolkata, and Chennai are also expected to see significant growth. India has the potential to become a global data centre hub due to its low construction, land and power costs compared to other countries, coupled with a well-established IT and digitally enabled services ecosystem. According to Cushman & Wakefield, the median cost of constructing a data centre in India is estimated at $6.8 million per MW of capacity, significantly lower than most APAC nations-Australia is at $9.17 million, Japan is at $12 million.
22.12 / 09:37
markets
Citi
CEO
Software
wellness
PAM
Delhi-NCR housing market remains buoyant; sales up 25%, supply rises 59% in Oct-Dec: PropEquity
New supply in Delhi-NCR is set to increase 59 per cent to 11,223 units in the current December quarter from 7,072 units in the corresponding period of the previous year. Among nine major cities across India, Delhi-NCR is the only market where sales and new supply are estimated to rise during the current quarter, real estate data analytics firm PropEquity's data showed.
22.12 / 06:23
COST
Manufacturing
Mobile
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wellness
reports
testing
India’s apex auto testing body looks to accelerate to the green lane
Subscribe to enjoy similar stories. New Delhi: India’s primary vehicle research and testing body plans to expand facilities that are focused on so-called new energy vehicles, seeking to keep pace with the government’s rapidly accelerating green mobility drive. The Automotive Research Association of India (ARAI) will focus on electric and hydrogen-based powertrains or engines as well as research on vehicular emissions, according to two government officials, who declined to be identified.
21.12 / 12:35
markets
Extreme
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Destinations
IndiGo launches daily direct flights between Chennai and Malaysia's Penang
«We are extremely pleased to further expand our network into Malaysia with the launch of direct flights from Chennai to Penang, our third destination in Malaysia, alongside Kuala Lumpur and Langkawi. With the inclusion of these flights to Penang, IndiGo will now operate 28 weekly flights to Malaysia from 2 cities in India» IndiGo Head of Global Sales Vinay Malhotra said in a statement.
20.12 / 14:43
markets
Citi
Manufacturing
Software
awards
Pride
2020
Isuzu Motors reaches 1 lakh vehicle milestone in Chennai
Isuzu Motors has reached a production milestone by rolling out one lakh vehicles from its manufacturing facility near Chennai, the company said on Friday. A maroon Isuzu D-MAX V-Cross was rolled off the assembly line, marking the occasion at the facility located in Sri City, Tada, about 100 km east of Chennai. Isuzu Motors India began operations in 2016 and, in 2020, launched its phase-II operations with the inauguration of a state-of-the-art press shop facility and an engine assembly plant. «At Isuzu Motors India, we take immense pride in our journey here in India. Over the years, the company has achieved significant milestones in both production and exports. One key highlight is that about 22 per cent of our production line workforce comprises talented women,» company president and managing director Rajesh Mittal said.
20.12 / 08:15
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Asia gold price fluctuation dampens demand in India
Gold demand in India remained subdued this week as volatile prices prompted potential buyers to delay purchases, while higher rates across China are expected to potentially offset upcoming seasonal demand. After gold prices became highly volatile over the past two weeks, buyers are now adopting a wait-and-see approach, hoping for prices to decline further, said a Chennai-based jeweller. In India, domestic prices fell to Rs 75,459 ($887.28) per 10 grams earlier this week after rising to Rs 79,120 last week.
20.12 / 02:21
markets
Waters
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Experts
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isolate
Chennai weather today: Moderate rain predicted in the southern city
Partly cloudy skies will dominate the day, with early morning hours seeing haze or mist in some areas, potentially affecting visibility, as per the forecast by the Met department. This weather is being influenced by a well-marked low-pressure area over the Southwest Bay of Bengal, which is likely to move northwestwards towards the North Tamil Nadu and South Andhra Pradesh coasts over the next 12 hours.
19.12 / 05:17
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International
cricket
I'm playing for CSK and aspire to play for as long as I can: Ravichandran Ashwin a day after retiring
Ashwin, who retired from international cricket on Wednesday, said he will try and play cricket for as long as he can. The statement came while he was interacting with the media upon returning to Chennai on Thursday. The off-spinner was picked up by Chennai Super Kings for Rs 9.75 crore in the IPL 2025 mega auction. He also captains Dindigul Dragons in the Tamil Nadu Premier League and won the title this year. «I am going to play for CSK and don't be surprised if I try and aspire to play for as long as I can. I don't think Ashwin the cricketer is done, I think Ashwin the Indian cricketer has probably called it time. That's it,» said the Indian great.
16.12 / 05:53
markets
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Booking
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International
diving
Mukul Agrawal picks stake in multibagger stock that’s up 400% in a year
Subscribe to enjoy similar stories. Today's edition of Stocks Made Easy shines a spotlight on a luxury car rental services company. We first featured this company a month ago, during a deep dive into stocks trading below their book value—a trend that gained traction when the buzz around Elcid Investments’ boom was just hitting mainstream attention.
16.12 / 00:17
UPS
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Booking
Airlines
Metro
travelers
Destinations
Airfare on metro routes down 28%, up on non-metro routes
Subscribe to enjoy similar stories. New Delhi: Those planning to travel between metro cities this year-end are in for a treat. According to data from ticket booking portals, airline ticket prices between metropolitan cities have crashed by almost a third this month compared to December 2023.
15.12 / 14:11
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Karur Vysya Bank strengthens footprint with 4 new branches in TN
Karur Vysya Bank has inaugurated four new branches in Tamil Nadu, under its plan to strengthen presence, taking the overall branch network to 862, the bank said on Sunday. The Tamil Nadu headquartered bank had inaugurated 24 new branches in the current financial year. The four new branches were inaugurated in Madurai, Tiruppur, Krishnagiri and Chennai, a press release said here. The new branches would cater to provide all basic banking transactions and also to specific needs of customers and would also offer the entire spectrum of banking and financial services.
15.12 / 12:21
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dance
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chess
Money isn't the reason I play chess: Gukesh on being 'new multi-millionaire'
D Gukesh but he doesn't play the game for material gains but for that unbridled joy, which he has been able to retain since the time a chess board used to be the «coolest toy» for him. Gukesh, the 18-year-old from Chennai, is now richer by Rs 11.45 crore which he will receive from FIDE as prize money for beating Ding Liren of China in the final. Gukesh's father Rajnikanth gave up his career as an ENT surgeon to accompany his son on the circuit while mother Padmakumari, who is a microbiologist, became the sole earner of the family.
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