City Chennai Financial News
19.09 / 19:17
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Citizens
security
track
travelers
International
18,400 individuals on first list for quicker immigration processing
High Net Worth Individuals (HNWI), Chief Executive Officers (CEO), businessmen and Overseas Citizens of India (OCI) are part of India's first Fast Track Immigration-Trusted Traveller Programme (FTI-TTP). As many as 18,400 individuals, frequent global travellers and OCI card holders have been registered in the programme online for availing the service, said a senior home ministry official. Besides Delhi's IGI Airport, the services in the first phase will be made operational at major airports including Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Cochin, Ahmedabad. According to officials, 60% faster immigration clearance to 1,500 passengers have been granted through e-Gates so far. The facility will be expanded to 21 airports. When asked about the personal data of those enrolled for the programme, a senior official said, «the personal data is safe and secure and details are not to be shared.» As per the programme, «Eligible individuals can apply online for the fast-track immigration facility. Those with approved applications are called to submit their biometrics (fingerprint and facial image) at the international airports in India or the Foreigners Regional Registration Offices (FRRO).»
19.09 / 19:17
markets
Provident
Progressive
Sustainability
Parke
country
Bengaluru suffering, says Piyush Goyal; comment unwarranted, retorts Patil
MB Patil has taken exception to Union Commerce & Industries Minister Piyush Goyal’s comment that “we should aspire to have our own Silicon Valley” wondering if Bengaluru was no longer one. The union minister’s comments were “unwarranted,” as Bengaluru is globally renowned for its technology and startup ecosystem, he told ET. The two ministers sparred on the microblogging site after Goyal’s comments at an event in Delhi on Monday went viral. The union minister put out a clarificatory post on Thursday in response to Patil’s comments. “Silicon Valley in Bengaluru is suffering from the apathy of the State Govt to provide logistics support, quality infrastructure, good roads whereas the Central Govt. continues to support the State even in developing an industrial township in Tumakuru under the Chennai-Bengaluru Industrial Corridor.
17.09 / 11:15
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film
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Colleges
Investigations
Who is Jani Master? All about National Award-winning choreographer facing rape charges
Shaik Jani Basha, aka Jani Master, is facing sexual assault charges. A 21-year-old woman has come forward accusing Basha of repeatedly subjecting her to sexual abuse. Responding to her claims, the Cyberabad Raidurgam police registered a zero First Information Report (FIR) against him. The woman stated that she had collaborated with Jani on multiple work projects, during which he allegedly abused her for several months. According to her, the assaults occurred repeatedly while they were working together in various locations, including Chennai, Mumbai, and Hyderabad. She also reported to the authorities that Jani had violated her several times at her own home in Narsingi, Hyderabad. According to a report in The Hindu, a high-ranking police official confirmed the developments, noting that an in-depth investigation is currently underway. Given the woman’s residence in Narsingi, he stated that the case had been handed over to the local police, who will now proceed with further inquiries.
17.09 / 09:26
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testing
Gambhir-led coaching staff has different style compared to Dravid but that's no problem: Rohit
Rohit Sharma on Tuesday said head coach Gautam Gambhir's style is different from his predecessor Rahul Dravid but insisted that he has a good understanding with the new appointee. Rohit was addressing the media ahead of the first Test against Bangladesh beginning in Chennai on Wednesday. «Obviously Rahul bhai, Vikram Rathour and Paras Mhambrey were a different team and it is only acceptable that the new support staff will bring different perspective,» Rohit said in the pre-match press conference. «New coaching staff has different style but there is no problem. Good understanding is important, and I have that with Gambhir,» he added on his dynamics with the new head coach.
15.09 / 18:02
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Provident
Manufacturing
Platform
country
reports
International
Why Ford now wants to make for the world from India
Subscribe to enjoy similar stories. Automobile giant Ford Motor Co., which stopped manufacturing vehicles in India in August 2022, plans to resurrect its manufacturing facility in Chennai, Tamil Nadu to use India as an export hub. Observers may wonder why the American carmaker has decided to return to India.
15.09 / 16:59
markets
FIVE
security
country
testing
Bangladesh arrive in Chennai, skipper Shanto confident of good show after Pakistan series win
Bangladesh team arrived in India on Sunday for two Test matches and three T20Is with visiting skipper Najmul Hossain Shanto hoping that their historic 2-0 series win in Pakistan recently would hold them in good stead against the formidable hosts in the coming weeks. The Bangladesh squad landed in Chennai, the venue for the opening Test beginning on September 19, on Sunday afternoon. «It's definitely going to be a very challenging series for us,» Shanto was quoted as saying at the pre-departure press briefing at the Dhaka airport. «After a good series (vs Pakistan) there is definitely an extra confidence in the team, in the people of the country. Every series is an opportunity.
15.09 / 13:48
markets
Citi
CEO
Strategy
reports
Focused on north, eyeing govt sale of key properties: Bharti Real Estate's Sayal
Subscribe to enjoy similar stories. Mumbai/New Delhi: Bharti Real Estate will not join the bandwagon of companies launching projects beyond their home markets despite its peers doing so, as it continues to focus on building a $2 billion business district near Delhi airport, S.K. Sayal, CEO and MD of the real estate arm of the Bharti Group, told Mint.
15.09 / 13:15
markets
Citi
Aviat
Airlines
rights
Interviews
Destinations
India is 'very important market'; looking at more frequencies, new destinations: Malaysia Airlines
Malaysia Airlines is keen to expand its operations into India, which is a «very important market», according to a top airline official. The airline, which currently flies to nine Indian cities, is eyeing new destinations as well as looking to increase frequencies to Trivandrum and Ahmedabad. Part of the Malaysia Aviation Group (MAG), Malaysia Airlines operates daily flights to Delhi, Mumbai, Bengaluru, Amritsar, Chennai, Hyderabad and Kochi. It also has four weekly services from Ahmedabad and Trivandrum.
15.09 / 06:08
Ball
performer
testing
cricket
bowling
India vs Bangladesh Test Series: Tigers come hunting after Pakistan triumph
Subscribe to enjoy similar stories. It’s not often that an India-Bangladesh Test series garners as much anticipation as the one starting on 19 September in Chennai. Bangladesh’s historic 2-0 Test series win away from home in Pakistan earlier this month has raised the passionate cricket nation’s status—the greatest ever triumph in the history of Bangladesh as a Test playing nation.
13.09 / 11:39
UPS
Manufacturing
wellness
President
country
International
World’s No. 2 chip fab toolmaker to develop India as R&D hub, supplier base
Subscribe to enjoy similar stories. Applied Materials Inc., the world’s second-largest toolmaker for semiconductor fabrication units, is working with more than a dozen international and domestic suppliers to set up manufacturing in India, said Prabu Raja, president of the semiconductor products group at the California-headquartered company.
13.09 / 04:25
UPS
Waters
wellness
Fishing
Wildlife
Diversity
boating
Can mindful tourism save India's mangrove forests?
Subscribe to enjoy similar stories. The narrow sliver of ground at the edge of the water is slushy and slithery, glimmering in the mid-morning sun. It is punctuated by small pointy root-like structures, a few inches in height, sticking up from the slimy earth, while tiny creatures make tentative appearances, darting in and out of holes in the ground.
12.09 / 14:51
markets
Citi
Digital
Manufacturing
trends
Experts
reports
Domestic firms expected to lease 65 million-sq-feet in significant shift for Indian office market
Indian office market is experiencing a notable shift, with domestic companies projected to lease 60-65 million square feet of office space between 2024-2025, a significant departure from the historical dominance of global corporations, particularly those from the United States, mentioned CBRE. Domestic firms saw a substantial 60% increase in office space absorption in the last two years, compared to the pre-pandemic years of 2018-2019. These firms have accounted for nearly 47% of overall office leasing activity in the last decade, with Delhi-NCR leading the way, followed by Bengaluru and Mumbai. According to the report, cities like Bengaluru and Hyderabad saw increased occupancy by e-commerce and life sciences firms, respectively, reflecting their strong growth trajectories. Further, Mumbai emerged prominently with a 43% share of domestic BFSI leasing, bolstered by substantial contributions from Delhi-NCR and Chennai during 2018 – H1 2024.
12.09 / 02:35
UPS
Manufacturing
Mobile
electronic
information
Interviews
Zetwerk aims to make servers in India from FY26, co-founder Rahul Sharma says
Mint in an interview. Also read | Zetwerk charts ₹1,000 crore game plan for electronics manufacturing “In the next two quarters, MoUs (memorandums of understanding) with global firms from Korea, Japan and Taiwan will be signed, through which we will get into new sectors of automotive and defence electronics. In the next financial year, we’re looking at making servers locally and we will also expand our laptop manufacturing capacities.
11.09 / 20:28
WhatsApp
Justice
information
Courts
Status quo on Coastal Energen resolution challenged
Adani Power and Dickey Alternative Investment Trust approached the Supreme Court Wednesday, challenging the National Company Law Appellate Tribunal's (NCLAT) order asking the companies to maintain a status quo on implementation of the resolution plan for debt-laden Coastal Energen. A bench, led by Chief Justice DY Chandrachud, posted the matter for hearing Thursday after Solicitor General Tushar Mehta and senior counsel Abhishek Manu Singhvi sought urgent hearing in the case. Observing that prima facie due process was not followed and members of the consortium should not be allowed to make any gains, the NCLAT on Friday directed that the erstwhile resolution professional would continue to run Coastal Energen's power plant in Thoothukudi, Tamil Nadu, until September 18, the next date of hearing. Any money generated in this period would be kept in an escrow account, it ruled.
11.09 / 16:14
markets
Digital
RAI
Justice
information
Courts
Adani Power, Dickey Alternative challenge NCLAT's status quo order in Supreme Court
Dickey Alternative Investment Trust and Adani Power Ltd on Wednesday moved the Supreme Court challenging the National Company Law Appellate Tribunal's order asking it to maintain status quo on implementation of the consortium's resolution plan for debt-laden Coastal Energen. A Bench led by Chief Justice DY Chandrachud posted the matter for hearing on Thursday after Solicitor General Tushar Mehta and senior counsel Abhishek Manu Singhvi sought urgent hearing in the case. While observing that prima facie due process was not followed and members of the consortium should not be allowed to make any gains, the NCLAT on Friday directed that the erstwhile resolution professional would continue to run Coastal Energen's power plant in Thootukudi, Tamil Nadu, until September 18, the next date of hearing. And any money generated during this period would be kept in an escrow account, it held.
11.09 / 15:30
markets
Citi
Aviat
Action
President
Experts
recommendations
NAREDCO seeks govt action on aviation constraints impacting urban real estate
National Real Estate Development Council (NAREDCO) has urged the government to resolve regulatory challenges that hinder real estate development in major cities like Mumbai, Chennai, and Kolkata. In bid to help resolve the issue, the developers’ body has made certain recommendations that were discussed during a recent meeting with a Joint Working Group, which included an Expert Committee led by Fali Major, NAREDCO said in a release. “The height restrictions imposed by aviation regulations have significantly constrained real estate development in urban areas. Our recommendations are designed to unlock the potential of these cities while maintaining safety standards,” said G Hari Babu, National President of NAREDCO.
10.09 / 10:23
Citi
economy
wellness
Trade
show
reports
International
India’s urban agglomerations are no longer held back by state boundaries
Sarjapura is a small town lying at the very edge of the expanding Bengaluru metropolitan sprawl. It is geographically closer to the town of Hosur than to the centre of Bengaluru. Reaching it by car from Bengaluru airport can sometimes take close to three agonizing hours.
09.09 / 16:28
markets
Provident
Research
wellness
RAI
innovations
reports
Amway India announces $4 million investment on R&D
Direct selling company Amway India on Monday announced an investment of $4 million in four research and development labs across India. Amway India, ultimate wholly owned subsidiary of the US $ 7.7 billion Amway Corporation, said in a statement that the investment would be infused on strengthening scientific capabilities and support in health and wellbeing. Rajneesh Chopra, managing director, Amway India, said: “There is a need for a transformative approach to nutrition and wellness in India, as the health landscape here faces significant challenges related to nutrition, lifestyle and gut health.”
08.09 / 09:20
Citi
Parke
Metro
travelers
rights
Traffic
politician
Manu Joseph: Why Indian cities may be doomed to remain unliveable
As an Indian, my standards are so low that my idea of exciting urban development is a Nitin Gadkari tweet. I enjoy reading the plans of the minister for road transport and highways—his great projects, how he would punish Indians who don’t follow the law (this part especially), how he hopes to replace vehicular horns with the sound of Indian musical instruments, and how very soon road travel from Chennai to Bangalore would take only two hours. I did try to point out to him on X that right now Bangalore to Bangalore is two hours.
08.09 / 02:34
Digital
Manufacturing
economy
Bill
country
innovations
reports
Higher Calling: Companies across telecom, ISP industries to expand workforce with Govt push
TeamLease Services. Among the others, 17% will trim their employee count while 21% will keep it unchanged in the six months through September, the staffing firm said in a report. It noted a 5.62% net employment growth in these sectors. Among locations, Delhi led at 57% for employers expanding their workforce in existing job locations, followed closely by Bengaluru and Chennai at 53% each. Hyderabad and Bhopal topped the hiring list for new job locations with 20% each, followed by Bengaluru, Vadodara, and Jaipur at 19% each, TeamLease said.
07.09 / 08:28
UPS
Art
Booking
wellness
cover
Schools
Features
A new book offers an easy reading of Indian art
The Big Book of Indian Art is lavish in its scope and scale. This illustrated history, by Bina Sarkar Ellias, of the various forms and movements that have led to paradigm shifts in Indian art over centuries, covers a lot of ground without getting dense or lethargic.
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