City Chennai Financial News

Shares of Stanley Lifestyles listed at ₹494.95, a premium of 34.13% over its issue price of ₹369, on Friday. The stock recorded a high of ₹509.4 and closed at ₹479. The IPO consisted of a fresh issue of ₹200 crore and an offer for sale of 91.3 lakh shares aggregating to ₹337 crore on the upper price band. The offer was subscribed 96.98 times on its final day of bidding on June 25.

Film City project is expected to start within six months and it will create 50,000 jobs while benefitting up to seven lakh people indirectly, the Uttar Pradesh government said on Friday. Bayview Projects, a consortium backed by filmmaker Boney Kapoor and real estate developer Ashish Bhutani, on Thursday signed an agreement to develop the film city with the Yamuna Expressway Industrial Development Authority (YEIDA), an undertaking of the UP government. "...the construction of the Film City will provide employment opportunities to 50,000 people from the state and neighbouring states, while indirectly benefiting five to seven lakh people with job opportunities," the state government said in a statement issued in Lucknow. It said the construction on the Uttar Pradesh Chief Minister Yogi Adityanath's dream project will commence within six months, and within three years film shooting and related activities will begin here.

Bharat Electronics Limited (BEL) has signed a contract valued at Rs 3,172 crore with Armoured Vehicles Nigam Limited (AVNL) on Friday at AVNL Headquarters in Chennai. According to an official statement, BEL, which is headquartered in Bengaluru, stated the project entails the supply and installation of an advanced, indigenously designed and developed Sighting and Fire Control System (FCS) for the upgrade of BMP 2/2K tanks of the Indian Army, along with a comprehensive engineering support package.

India Cements have rallied 33% in this week so far attaining a new all-time high of Rs 308.10 in Friday’s session after a 24% stake of the company was bought by UltraTech Cement. Ace investor Radhakishan Damani and related entities had sold around 6.91 crore shares or about 24% stake in India Cements to Ultratech Cement through a block deal on Thursday.

gold in the last one week has been 1.6% .whereas in the last month it has been 1.53%.The cost of silver is Rs.87220.0 per kg up by Rs.100.0 per kg. Gold Price Today in Delhi is ₹73533.0/10 grams. Yesterday’s Gold Price on 27-06-2024 was ₹73532.0/10 grams.

Chess.com posted on its official blog in December 2022. The platform saw its total users go from 25 million at the beginning of 2020 to 75 million in 2021 to over 100 million users in 2022 globally. While Chess has been integral to Indian culture since ancient times, the sport has today gained popularity worldwide, and is played in almost 200 countries.

Radhakishan Damani and related entities sold around 6.91 crore shares or about 24% stake in India Cements to Ultratech Cement through a block deal. The total stake sold by Damani and his entities comes to around 24% and the sale was done at an average price of Rs 277 apiece. Through the deal, Damani and his controlled entities bagged around Rs 1,914 crore.

gold in the last one week has been 1.66% whereas in the last month it has been 2.14%.The cost of silver is Rs.87120.0 per kg down by Rs.1570.0 per kg. Gold Price Today in Delhi is ₹73120.0/10 grams. Yesterday’s Gold Price on 26-06-2024 was ₹72689.0/10 grams.

AIADMK are on a hunger strike in Chennai on Thursday condemning the DMK Government over the Kallakurichi hooch tragedy and demanding an inquiry by the Central Bureau of Investigation (CBI) into the same which claimed 63 lives. AIADMK leader and Leader of Opposition (LoP) Edappadi Palaniswami and other senior leaders are participating in the strike. Ever since the Assembly Session began principle opposition in the assembly AIADMK created a ruckus demanding a CBI inquiry into the illicit liquor tragedy and demanded the resignation of CM MK Stalin.

Apple and Foxconn acknowledged lapses in hiring practices in 2022 and said they had worked to address the issues. However, all the discriminatory practices documented by Reuters at the Sriperumbudur plant near Chennai took place in 2023 and 2024.

gold in the last one week has been -1.72% whereas in the last month it has been -0.96%.The cost of silver is Rs.88690.0 per kg down by Rs.160.0 per kg. Gold Price Today in Delhi is ₹73532.0/10 grams. Yesterday’s Gold Price on 25-06-2024 was ₹74492.0/10 grams.

₹12,000-14,000 crore in the next 2-3 years developing commercial office, residential, and hotel projects, said a top company executive. Around 40% of the planned investment will be deployed in office projects, 50% in housing development, and 10% in hotel projects across existing cities it operates in, such as Bengaluru, Pune, and Hyderabad. It is also set to enter two new property markets - Chennai and Mumbai, Sattva Group's managing director Bijay Agarwal told reporters.The investment will be financed through a combination of equity, debt and internal accruals like sales.

Tamil Nadu Minister Udayanidhi Stalin was granted bail on Tuesday by a city court for his 'eradicate Sanatana Dharma' remark. The DMK leader appeared before the 42nd Additional Chief Metropolitan Magistrate following a notice to him based on a petition by social activist Paramesh for his remark. Udayanidhi Stalin, who holds sports and youth affairs portfolio, got the bail with a surety of Rs one lakh. The case has been posted to August 8.

The price change in 24 carat gold in the last one week has been -1.59% .whereas in the last month it has been -1.95%.The cost of silver is Rs.90850.0 per kg Gold Price Today in Chennai is ₹74274.0/10 grams. Yesterday’s Gold Price on 23-06-2024 was ₹74274.0/10 grams. and last week’s gold price on 18-06-2024 was ₹73806.0/10 grams.

immigration process at airports for pre-verified Indian nationals and people of Indian origin holding the Overseas Citizen of India (OCI) cards. Home minister Amit Shah inaugurated the Fast Track Immigration-Trusted Traveller Programme (FTI-TTP) at the Indira Gandhi International Airport in Delhi. This facility will be available free of cost for all passengers, Shah said. Eligible individuals will need to apply online and submit their biometrics (fingerprint and facial image) along with other required information as specified in the application form for registration, explained officials. In the second phase, the programme will also cover foreign travellers, they said.

India were able to tame varied challenges thrown at them by South Africa so far, and they will be eager to take the series to its fitting conclusion of a 3-0 margin during the third and final ODI in Bengaluru on Sunday. Currently, the margin stands 2-0 in favour of India but that insuperable position has not come without its own trials by fire. In the first match, the Indian batters had to come back from a perilous 99 for five before making a 260-plus total. The home side bowlers defended the target well too.

gold in the last one week has been 1.31% .whereas in the last month it has been 1.86%.The cost of silver is Rs.90850.0 per kg up by Rs.630.0 per kg. Gold Price Today in Delhi is ₹74710.0/10 grams. Yesterday’s Gold Price on 21-06-2024 was ₹73210.0/10 grams.

Maya Miriga (1984), a touchstone of the Parallel Cinema movement, will be presented in a restored version at the Cinema Ritrovato Festival in Bolonga, Italy, in June. Directed by Nirad Mohapatra, Maya Miriga was part of the Critics Week at the Cannes Festival in 1984.

Zoomcar Holdings on Thursday said it has partnered with Air India Express to allow customers to book self-drive cars directly from the airport on the airline's mobile app as well as the website in 19 cities. The collaboration also caters to the customer with varying requirements, leveraging the extensive fleet options and ensuring ample space for baggage carried through Air India Express's add-on packs such as carry-on-Xtra, international connecting baggage, and special equipment, Zoomcar said in a statement. This collaboration will offer the customer access to self-driven car rentals in Bengaluru, Bhubaneswar, Chennai, Delhi, Goa, Guwahati, Hyderabad, Indore, Jaipur, Kolkata, Kochi, Lucknow, Mangaluru, Madurai, Mumbai, Pune, Tiruchirappalli, Vijayawada and Visakhapatnam, it said. «We're focused on providing improved and personalised travel experiences for our guests at Zoomcar, and our partnership with Air India Express is another stepping stone towards this goal.

The price change in 24 carat gold in the last one week has been -0.1% .whereas in the last month it has been 4.18%.The cost of silver is Rs.88460.0 per kg up by Rs.640.0 per kg. Gold Price Today in Delhi is ₹73210.0/10 grams. Yesterday’s Gold Price on 19-06-2024 was ₹73519.0/10 grams.

Container Port Performance Index (CPPI), developed by World Bank and S&P Global Market Intelligence, measures the resilience, efficiency and overall performance of the Ports. While Visakhapatnam Port made it to the top 20 ports of the World at 19 in 2023, Mundra Port also climbed up the index at 27 in the current ranking. According to the statement, Visakhapatnam Port has showcased strong performance with 27.5 moves per crane hour, a turnaround time (TRT) of 21.4 hours, and minimal berth idle time. These metrics highlight the port's efficiency in handling container ships and significantly influence customer preference.