City Chennai Financial News

Subscribe to enjoy similar stories. When India saves a life, it’s a great spectacle. An image I can never shake off is how once India moved a beating heart in an icebox from Chennai to Bangalore within two hours.

Vande Bharat Express from Tirunelveli to Chennai Egmore raised a complaint after discovering an insect in the sambar served during breakfast. The incident took place on Saturday, shortly after the train departed from Madurai.

Rishabh Pant, one of India’s most explosive wicketkeeper-batters, was one of the shocking names that appeared in the list of players who were released by their franchises during the annual retention activity ahead of Indian Premiere League's mega auction event. The former DC skipper is expected to be the most expensive buy for the teams in Saudi Arabia as he a base price of Rs 2 crore set against him. The wicketkeeper who bounced back after life threatening accident became the face of Delhi Capitals (DC) over the last few years, clocking an impressive IPL record, scoring 3,284 runs in 111 matches at an average of 35.31, with a career-best of 128* and a commendable strike rate.

Air India Express on Friday announced that is is expanding the number of weekly flights in its winter schedule from Kolkata to Bagdogra by 37 per cent. The Tata-owned airline will now operate over 230 weekly flights from Kolkata and Bagdogra, up from 168 during the previous winter season. This expansion includes new direct routes that will significantly improve travel options for passengers. For Kolkata, Air India Express is introducing new direct flights connecting the city to Sri Vijaya Puram (Port Blair) and Indore, while Bagdogra will see a new connection to Chennai.

Chennai Super Kings (CSK), the joint-most successful IPL franchise, retained five players, including captain Ruturaj Gaikwad, before the mega auction. They also kept MS Dhoni as an uncapped player, due to a rule change that allows Indian players who haven't played internationally in the past five years to be considered uncapped. Other retained players are Matheesha Pathirana, Ravindra Jadeja, and Shivam Dube. CSK is now left with one Right-To-Match card, which it can use either on an uncapped or a capped player. ALSO READ: How many RTMs do teams have and what are the rules?

Subscribe to enjoy similar stories. As consumers realize the grave impact of fast fashion on the environment, a host of sustainable clothing brands like Virgio, Nicobar, and No Nasties have emerged in the last few years, aiming to influence users to opt for upcycled and climate-friendly clothing. Consumers across age groups, including Gen Z and young millennials, are now increasingly opting for environmentally sustainable T-shirts, jeans and even accessories like belts and bags, offering up-and-coming startups a new opportunity to capitalize on.

ePlane Company, incubated at IIT-Madras and aiming to become one of the main players in India’s electric vertical takeoff and landing (eVTOL) mobility sector, on Friday announced the closure of a $14 million funding round. With this funding, ePlane is poised to become the largest-funded eVTOL player in India, the company said in a statement. Founder of the startup and IIT-Madras aerospace engineering professor Satya Chakravarthy told ET that the government's support and announcement of certification standards have helped strengthen investor confidence. “Among the new investors, we can clearly see that their conviction about air taxis is much stronger compared to their interest in just commercialising drones,” he said. The Series B round was co-led by Speciale Invest and Antares Ventures, with continued participation from Micelio Mobility, Naval Ravikant, Java Capital, Samarthya Investment Advisors, Redstart (from Naukri), and Anicut.

Indian Railways has fast-tracked deployment of automatic train protection (ATP) system Kavach on a fifth of its network, with contracts for installing the system on 10,000 locomotives and 1,105 route kilometres (RKM) of tracks set to be awarded this month, said officials. The national transporter has also thrown its weight behind a 2030 Kavach Rollout Plan that targets manifold ramp-up of installed capacity, they said. «Bids have been invited for 14,735 RKM while over 1,500 RKM of Kavach is operational. Work is also underway on 3,000 RKM of tracks for Kavach deployment,» said a senior official, who did not wish to be identified.

Subscribe to enjoy similar stories. New Delhi/Chennai: In December 2021, over 400 women staying at a hostel at Puduchatram on the Chennai-Tirupati highway took ill. Some of them had severe symptoms of food poisoning and were admitted to hospitals.

Kalaignar Multi-speciality Hospital in Chennai was stabbed by a man on Wednesday morning at around 10:15 am in the Oncology department, TOI reported on Wednesday. The accused, a 26-year-old man, entered the hospital posing as a patient to meet Dr. Balaji Jaganathan, a medical oncologist. Upon entering the doctor’s room, the man attacked Dr. Jaganathan with a knife, stabbing him in the neck, head, and upper chest. The doctor also sustained injuries to his ear while defending himself. Hospital staff apprehended the attacker as he attempted to flee the scene and is currently in custody at the Guindy police station.

Subscribe to enjoy similar stories. In India’s vast corporate landscape, several business groups have made their mark, yet few stand as tall as the Tata Group. Known for its strong long-term performance and exceptional corporate governance, the Tatas enjoy a level of trust few others can claim.

BCCI) Tuesday sought withdrawal of its insolvency petition against embattled edtech firm Byju's in the National Company Law Tribunal (NCLT). The move by the cricket control board follows a Supreme Court of India ruling on October 23, which quashed a National Company Law Appellate Tribunal (NCLAT) order allowing a settlement between BCCI and Byju's. On August 2, NCLAT’s Chennai bench approved Byju’s founders’ settlement of the Rs 158 crore payment owed to BCCI, helping the edtech company avoid bankruptcy. The matter will be heard on November 18.

Chennai’s district collector, Rashmi Siddharth Zagade, has declared a school holiday for Tuesday, as per a TOI report. The India Meteorological Department (IMD) has issued a yellow alert across multiple districts, with alerts set for 12 districts on November 12, 17 districts on November 13, 27 districts on November 14, and 25 districts on November 15. Read more: Chennai to see heavy rain for next few days, IMD issues alerts for multiple districts across Tamil Nadu; Full forecast here

According to Times Now, the marriage will be held on Monday, November 11 in Hyderabad. The wedding ceremony is expected to be an intimate gathering, attended by only close family and friends from both sides. Interestingly, the celebrations align with several special occasions: Krish’s birthday on Sunday, November 10, the wedding on Monday, November 11, and Priti Challa’s birthday on Tuesday, November 12. According to sources, a grand wedding reception is planned for November 16 which will see the attendance of prominent figures from the film industry. This wedding will mark the second marriage for both Krish and Priti. Krish was previously married to a doctor, Ramya and got divorced in 2018. He has now found love once again in another doctor.

Subscribe to enjoy similar stories. Mumbai: India has cemented its position as one of the top five markets for WPP, one of the world’s largest advertising and marketing services networks, marking a remarkable rise from being outside the top 10 just a few years ago. With agencies like GroupM, Mindshare, Ogilvy, Wunderman Thompson, and Grey under its umbrella, WPP credits India’s rapid economic growth and pivotal role in its global transformation for this leap.

Under the scheme that began in April, the majority of the 27 companies enlisted as beneficiaries are yet to even start production. And those who have started, are producing volumes too small to have any significant revenue impact to meet the incremental targets. Some are yet to make even initial investments under the scheme.

TA Associates will acquire the Bengaluru- and US-based revenue cycle management (RCM) services provider Vee Healthtek for $250 million (about ₹2,100 crore), said sources aware of the development. TA will own a significant majority stake, while the promoter — Chennai-based Valliappa family — will retain a minority stake, added sources. Vee Healthtek, owned by South India-based Sona Group, provides a range of services, including revenue cycle management, professional billing, and IT services to hospitals, health systems, pharmaceutical companies, and physician groups globally. The company boasts a workforce of 5,000 employees worldwide, and is expected to post $100 million in revenue in FY25.

Tamil Nadu Chief Minister M K Stalin on Sunday slammed leader of opposition Edappadi K Palaniswami wondering whether welfare schemes could be named after him alleging he crawled like a cockroach for the sake of office. Referring to Palaniswami's allegation that fund allocation was being made by the government for schemes named after late Chief Minister M Karunanidhi that are not useful for the people, Stalin said the AIADMK chief's remark was a bundle of lies. Listing out a string of schemes including the Kalaignar centenary library, Kalaignar jallikattu arena, a hospital in Chennai and the Rs 1,000 financial assistance scheme for women, all of which features the late DMK chief Karunanidhi's name, Stalin demanded to know which of such initiatives were not useful for the people. The CM said such remarks of Palaniswami smacked of arrogance and for this aspect alone, people of Tamil Nadu will defeat the AIADMK and that was sure.

James Anderson's registration for the IPL 2025 mega auction to MS Dhoni's retention for Rs 4 crore by Chennai Super Kings. Anderson, who retired from Test cricket earlier this month after finishing with 704 wickets and as the third highest wicket taker, has last played a T20I in 2009 and T20 match in 2014. It came as a surprise to everyone when the 42-year-old put his name in the IPL auction for Rs 1.25 crore.

Subscribe to enjoy similar stories. Chennai-based Sudarshan Jain was in for a shock when he checked his Employee Provident Fund (EPF) passbook in August this year. Interest on his EPF for the financial year 2023 and 2024 had not been credited.

Finance and Corporate Affairs Nirmala Sitharaman has launched the National MSME Cluster Outreach Programme, organised jointly by the Department of Financial Services (DFS), Ministry of Finance, Government of India, and Small Industries Development Bank of India (SIDBI). The launch took place on Saturday. Around 150 MSME Clusters were connected virtually for the launch with senior bank officials being present in each of these Clusters. The programme aims to ensure access to Financial Services and promote the growth of Micro, Small and Medium Enterprises (MSMEs) across the country, the Ministry of Finance said in a statement.