City Chennai Financial News
24.03 / 09:43
markets
Platform
Software
Enterprise
Simulation
Features
International
How Ford is using AI to power its next-gen ambitions
Mint.Ford Blue focuses on internal combustion vehicles, Ford Model e develops electric vehicles and Ford Pro builds commercial vehicle and fleet solutions.The EPEO organisation operates across roughly 32 locations globally, including in Chennai and Bengaluru, and supports technology systems across about 600 operational sites worldwide, including around 70 manufacturing plants.AI is being embedded across Ford’s technology stack—from engineering simulations to enterprise workflows and productivity tools.According to Walimbe, the company is pursuing AI across three broad areas: large strategic initiatives overseen by senior leadership, organisation-wide adoption of AI tools by employees, and targeted applications designed to improve specific business processes.Ford has already begun deploying AI in engineering workflows. Internal high-performance computing clusters powered by graphics processing units are dramatically accelerating simulations used in vehicle design.
24.03 / 07:31
UPS
Aviat
show
reports
testing
Updates
Laser strikes near airports test India’s aviation safety net
(DGCA), and the matter was later raised in Parliament.Laser strikes near Indian airports have jumped sharply, rising from 122 cases in 2023 to over 500 in 2025, data tabled in Parliament show. The incidents pose a direct safety risk to pilots and highlight weak enforcement of rules that strictly prohibit such activity that endangers life or safety.As per data, 502 laser-related disruptions were reported across 22 airports in 2025, slightly lower than the 528 incidents recorded in 2024.
18.03 / 10:37
COST
Citi
Waters
Extreme
Parke
Research
show
The geography of business presence is being transformed by the reality of climate stress
India’s corporate skyline has expanded rapidly over the past three decades. Tech campuses in Bengaluru and Hyderabad, logistics parks along the Delhi-Mumbai industrial corridor and multiple warehouse clusters on city outskirts reflect a country building the infrastructure of a modern economy. Yet, much of this expansion has been planned around connectivity, labour access and land prices.
17.03 / 01:37
markets
COST
UPS
Manufacturing
wellness
strain
Commentary
Western auto suppliers under strain. Indian component makers are picking up the orders
auto parts imports from India to about 25%, from roughly 2%.Mint reported in December that stress among European auto part makers has created opportunities for Indian component manufacturers such as Sona BLW Precision Forgings (Sona Comstar) and Samvardhana Motherson.“Per companies’ management commentary, step-up in closure of EU foundries on labour shortage, rising energy cost, worsening financial stress is creating opportunity for Indian suppliers offering huge benefits on the inherent low manufacturing cost,” Emkay said in its 9 March note based on takeaways from management interactions.“The trend is intensifying, as EU OEMs (original equipment manufacturers) are aggressively seeking alternative sourcing options. In North America, Indian players offer 20-30% benefit despite tariff headwinds; this helps gain share with existing clients, catering to new clients,” they added.Chennai-based MM Forgings makes steel forgings for commercial and passenger vehicles, while Noida-based Uniparts India manufactures driveshafts and precision machine parts.
11.03 / 08:09
markets
IPO
Aware
Platform
Gap
security
Investigations
NSE unlisted share probe puts spotlight on risky grey market
Mumbai: India’s lightly regulated market for pre-IPO shares is back in focus after the Enforcement Directorate (ED) launched a probe into the alleged sale of unlisted National Stock Exchange shares, a case that is renewing calls for tighter oversight of the fast-growing segment.Last week, ED conducted searches at eight locations in Mumbai and Chennai as part of a money laundering investigation linked to the sale of shares of NSE, which is set to hit the public markets soon. The action targeted entities, including Atum Capital Pvt.
11.03 / 01:13
Manufacturing
Mobile
DELL
wellness
country
electronic
reports
Incentives, value addition boost made-in-India laptops
New Delhi: For the first time, nearly a third of all laptops being sold in India are being shipped with the ‘Made in India’ tag. This rise, which has played out over the past two years, has happened as government incentives have pushed electronics manufacturers to focus on the segment and diversify from mobile-led revenue.In March 2024, less than 5% of all laptops being sold in India were being assembled locally, analysts and industry executives said.
07.03 / 01:37
markets
UPS
Manufacturing
Strategy
Food
AGRO
beautiful
Mint Explainer: Why Reliance is betting on legacy regional brands to build its FMCG empire
₹5,065 crore, up 60% year-on-year, according to an earnings statement from Reliance Industries.India’s FMCG sector remains dominated by established players such as Hindustan Unilever Ltd, which reported revenue of about ₹64,138 crore in FY25—highlighting the scale of the opportunity Reliance is targeting as it builds its consumer business.“What Reliance is doing is cobbling together a portfolio of brands that already have some momentum,” said Arvind Singhal, chairman of The Knowledge Company, a Gurgaon-based management consulting firm.Mint explains the strategy behind Reliance’s push to acquire regional brands and how it differs from rivals.Over the past few years, Reliance Consumer Products Ltd (RCPL) has assembled a portfolio of regional brands across food, beverages and personal care.One of its latest additions is Chennai-based Southern Health Foods Pvt. Ltd, which sells millet-based foods, health mixes and baby nutrition products under the Manna brand.
04.03 / 08:15
markets
UPS
Citi
Target
Booking
performer
Updates
Godrej Properties: Market-share push hinges on geographic diversification
two land acquisitions. It bought 11.36 acres in Gurugram, Haryana, with an estimated revenue potential of more than ₹4,500 crore, strengthening its exposure to the National Capital Region (NCR).
02.03 / 10:45
markets
COST
UPS
Waters
2020
Updates
Mint Explainer | The hidden climate cost of your AI query
AI-focused data centre can consume as much electricity as 100,000 households, while the largest facilities under construction could consume 20 times as much.In 2024, data centres accounted for 1.5% of global electricity consumption, largely concentrated in the US, China and Europe. Global data-centre electricity consumption is expected to more than double to 945 terawatt-hours (TWh) by 2030, equivalent to more than half of India’s electricity consumption in 2023-24 (1,622 TWh).The IEA estimates data centres will account for about half of electricity demand growth in the US between 2025 and 2030.
02.03 / 05:41
markets
UPS
Target
FIVE
Google
Enterprise
wellness
L&T data centres target $1bn revenue by 2030
₹9,200 crore, in annual revenue by 2030, by which time it aims to build 350 megawatts (MW) of operational capacity. The strategy contrasts with peers announcing gigawatt-scale investments, even as demand for AI infrastructure accelerates across the country.“We of course hope that in the next five years, we can scale our business up to $1 billion in annual revenue.
20.02 / 07:43
markets
Target
Booking
security
Enterprise
Southern
show
Why Brigade Enterprises’ pivot to small spaces needs to make a big impact
Subscribe to enjoy similar stories. Brigade Enterprises Ltd, a southern India-focused realty developer, has hit a rough patch. The stock has declined 28% over the past year, far steeper than the Nifty Realty index’s 4% fall.
17.02 / 05:57
markets
FIVE
economy
NVIDIA
Cycling
country
patient
Next trillion dollars of India’s mcap could create more wealth than the last: Raamdeo Agrawal
Subscribe to enjoy similar stories. Raamdeo Agrawal, co-founder of Motilal Oswal Financial Services, says the next trillion dollars of India’s market capitalization could create more wealth than the last. Drawing on decades of market cycles, the ace investor, speaking at the Mint Money Festival on 14 February in Mumbai, argued that compounding on a larger base, deeper participation and improving corporate profitability could make the coming decades disproportionately rewarding for patient investors.
12.02 / 06:27
UPS
Citi
Metro
travelers
Schools
Colleges
New income-tax rules may revive interest in old regime for high-income salaried taxpayers
Subscribe to enjoy similar stories. As part of the Income Tax Rules, 2026, notified last week, the government has proposed three key changes that may tilt the needle towards the old tax regime again. First, the children’s education allowance exemption is to be increased sharply from a token ₹100 per month per child to ₹3,000 per month per child.
11.02 / 00:49
markets
COST
Provident
Mobile
Research
performer
testing
Crash course: How India is strengthening the four pillars of the car testing world
Subscribe to enjoy similar stories. New Delhi is supercharging the four testing agencies behind India's vehicle standards, crash tests and technology research, at a time new power trains and connectivity tech crowd the automotive assembly line.
10.02 / 07:29
COST
Waves
Align
wellness
Trade
electronic
International
India’s flurry of trade deals will need climate-resilient ports to justify today’s wave of export optimism
Subscribe to enjoy similar stories. India’s flurry of trade deal-making with the UK, EU, US and others has revealed a push for strong export growth. Tariff barriers are coming down, standards are being aligned and new sectors from electronics to renewables are being positioned for global integration.
02.02 / 08:35
markets
Booking
Landmark
Parke
trends
Courts
International
Prestige Estates regains grip on pre-sales, launches. Focus now on debt levels
Subscribe to enjoy similar stories. Prestige Estates and Projects Ltd is set to close FY26 on an impressive note, helped by new launches and continued sales traction in existing projects. Pre-sales or bookings rose a whopping 122% year-on-year to ₹22,327 crore in the nine-month period ended December (9MFY26) when it unveiled nine projects (residential and plotted), including Prestige Garden Trails in Mira Road in Q3FY26.
27.01 / 11:43
markets
UPS
Manufacturing
Volkswagen
Hyundai
Trade
testing
India-EU FTA opens import route for European carmakers even as near-term price cuts unlikely
Subscribe to enjoy similar stories. Chennai: India’s free trade agreement (FTA) with the European Union, announced on Tuesday, will allow European carmakers such as BMW, Mercedes-Benz India and Volkswagen Group to use imports more strategically to introduce newer models and test demand in India, without committing to local manufacturing. The deal, however, is unlikely to trigger immediate price cuts for most vehicles already sold in the country.
25.01 / 13:27
UPS
Platform
Gap
Highways
track
country
These Indian highways have seen the fastest rise in EV charging stations
Subscribe to enjoy similar stories. Chennai: The availability of fast-chargers along India’s major highways surged last year as the government and companies ramped up charging infrastructure amid growing electric vehicle (EV) penetration in the country. The number of public chargers along key routes soared 40-90% in 2025, according to data analytics platform ExpWithEVs shared with Mint.
23.01 / 05:09
markets
UPS
Healthcare
Linux
reports
Pharmaceuticals
Tata Capital Healthcare-backed Linux Laboratories hires Avendus as banker to raise up to $70 million
Subscribe to enjoy similar stories. Mumbai: Tata Capital Healthcare Fund-backed Linux Laboratories, which is focused on central nervous system (CNS)-based domestic formulations, has appointed Avendus as an adviser to facilitate a capital raise, two people familiar with the matter said. The Chennai-based company aims to raise $50-70 million to fund its expansion plans through organic and inorganic growth, double down on its existing categories and widen its footprint beyond India, the people said on the condition of anonymity.
21.01 / 12:11
markets
COST
Manufacturing
security
economy
Experts
Courts
On board the reform express: 10 milestones India must hit
Subscribe to enjoy similar stories. Chennai: On 30 December, Prime Minister Narendra Modi announced that “India has boarded the reform express". Next generation of reforms unleashed to modernize institutions and simplify governance will add momentum to the growth journey and ensure long term inclusive development, he added.
21.01 / 11:29
markets
COST
Booking
Aviat
Airlines
travelers
Courts
A matter of public interest: Are India’s dynamic airfares that go up and down fair to everyone?
Subscribe to enjoy similar stories. A Bengaluru resident had travelled to Chennai for a visa appointment that was unexpectedly delayed. As a result, the person missed a return train and had to take a last-minute flight to make it back in time for work.
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