City Chennai Financial News

The price change in 24 carat gold in the last one week has been -0.69% .whereas in the last month it has been 1.91%.The cost of silver is Rs.87820.0 per kg down by Rs.190.0 per kg. Gold Price Today in Delhi is ₹73495.0/10 grams. Yesterday’s Gold Price on 18-06-2024 was ₹73663.0/10 grams.

TPG Capital has emerged the lead contender for about 60% of Michigan-based digital services company Altimetrik, said people aware of the development. Altimetrik, owned by Indian American entrepreneur Raj Vattikuti, is being valued at $1.5 billion (₹12,500 crore), they said. TPG's Asia investment platform TPG Capital Asia has signed an exclusivity agreement with the promoters, said the people cited. Jefferies is advising the promoter.

The price change in 24 carat gold in the last one week has been -1.84% .whereas in the last month it has been 1.22%.The cost of silver is Rs.88010.0 per kg down by Rs.90.0 per kg. Gold Price Today in Chennai is ₹73806.0/10 grams. Yesterday’s Gold Price on 17-06-2024 was ₹73663.0/10 grams.

₹2,000 crore in mid-sized companies.The fund looks to raise base capital of ₹1,500 crore and another ₹500 crore as a greenshoe option at a yield of 15-16%. The AMC looks to raise money from existing limited partnerships (LPs) and complete the first close by either June-end or early July.The fund will invest in mid-market companies, which are profitable, have good cash flows, and will use these funds for growth purposes.

petrol prices above Rs 100 a litre and diesel to Rs 89, but rates are lower than neighbouring Andhra Pradesh which has the costliest fuel in the country, oil industry data showed. The Karnataka government on June 15 hiked local VAT (value added tax) from 25.92 per cent to 29.84 per cent on petrol and from 14.3 per cent to 18.4 per cent on diesel. This led to petrol price now costing Rs 102.86 per litre in Bengaluru and diesel coming for Rs 88.94 a litre. But the rates in Karnataka are still lower than neighbouring Andhra Pradesh and Maharashtra.

Sales of affordable homes — priced up to Rs 60 lakh each — declined 4 per cent in eight major cities to 61,121 units during January-March this year on lower supply and higher demand for luxury apartments, according to PropEquity. The top eight cities are — Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, Chennai, Kolkata, Pune and Ahmedabad. Real estate data analytic firm PropEquity data showed that sales of homes, costing up to Rs 60 lakh each stood at 6,3787 units in the January-March period of the last calendar year. A lower supply of affordable homes is one of the key factors for this marginal fall in sales.

PLI scheme, the government is in the final stages to put in place similar processes for other manufacturing units, an official said. The move assumes significance as some domestic manufacturing firms have flagged the issue of delay in getting visas for Chinese technicians, who are required for works like installation or repair of certain machines, besides training workers in India. «Most of the PLI (production-linked incentive scheme) visas have been taken care of. For general manufacturing also, we are trying to create a better streamlined SOP… that is with the Ministry of Home Affairs. It's at the final stages. We are hoping to sort it out. We have done a lot of sensitisation,» the official said. The rollout of SOPs does not require any approval from the Union cabinet as it is an internal process to relax norms «a bit» for facilitating visa applications of Chinese professionals or technicians whose expertise is required by domestic manufacturing units, the official added.

The price change in 24 carat gold in the last one week has been 0.17% .whereas in the last month it has been 3.11%.The cost of silver is Rs.88010.0 per kg Gold Price Today in Chennai is ₹73663.0/10 grams. Yesterday’s Gold Price on 15-06-2024 was ₹73658.0/10 grams. and last week’s gold price on 10-06-2024 was ₹74214.0/10 grams.

Hyundai Motor India Ltd (HMIL) will drive parent Hyundai Motor's ambitious strategy to make India a key export hub to expand its global business, besides seeking gains in the domestic market, said senior industry executives with knowledge of the matter. As part of this, the company plans to introduce nearly half a dozen electric vehicles over the next four years for local sales and exports, as more assembly lines come on stream in India. «Hyundai has been constrained by capacity the last couple of years,» said one of the persons cited. «The company has already enhanced capacity at its manufacturing plant in Chennai to 820,000 units per annum to meet domestic demand. With fresh capacity coming in from Talegaon in 2025, Hyundai is looking at ramping up exports from India which have been received well in markets in Latin America, the Middle East and Africa.» HMIL's revenue from exports rose 83% to ₹14,120.92 crore in the last three years, despite geopolitical uncertainties. Revenue from operations in the local market rose 39% to ₹33,274.83 in the same period. As much as 23.4% of the company's total revenue came from the sale of vehicles and parts overseas in FY23. In volume terms, exports accounted for about 21% of total vehicle sales in that fiscal year.

income in the past year, and 32% of elderly individuals or their spouses had an annual income of less than Rs 50,000. Only 29% of elderly people had access to social security schemes such as old-age pensions, contributory pensions, or provident funds. Nearly 65% of elderly individuals said they were not financially secure with their current income and access to savings and investments. These findings are part of a report released by the voluntary organisation HelpAge India on the eve of World Elder Abuse Awareness Day, observed on June 15. Regarding health, more than half of the elderly (52%) reported facing at least one challenge related to daily living activities, and 54% suffered from two or more non-communicable diseases.

IPO) of Bengaluru-based Stanley Lifestyles will open for subscription on June 21. The company has set a price band of ₹351-369 apiece for the share sale, which closes on June 25. Investors can subscribe for a minimum of 40 equity shares and multiples thereafter. The offer consists of a fresh issue of ₹200 crore and an offer for sale of up to 9,130,000 shares worth ₹337 crore by existing shareholders. Sunil Suresh and Shubha Sunil, promoters of Stanley, will sell 1.18 million shares each in the OFS portion of the IPO. Investor Oman India Joint Investment Fund II will also divest 5,545,000 shares in the IPO.

Lounge’s guide based on this game reveals where and how chefs eat out—street food abounds, and there is just a handful of premium restaurants. There’s Mumbai, Amritsar, Kolkata, Melbourne and Bangkok, among others, with insider tips on where to find early breakfast, freshly prepared local snacks and steaming bowls of noodles. "Bengaluru does a better dosa than Chennai," says Hussain Shahzad, executive chef, Hunger Inc.

Amit Shah was seen calling back Soundararajan on stage and speaking to her while gesturing with his figure. Many on social media speculated that Shah was "scolding" or issuing a stern "warning" to Soundararajan.Dismissing such speculations, Soundararajan posted a clarification on X saying, “Yesterday as I met our Honorable Home Minister Sri Amit Shah ji in AP for the first time after the 2024 Elections he called me to ask about post-poll follow-up and the challenges faced."ALSO READ: Chandrababu Naidu swearing-in: 17 fresh faces among 25 ministers take oath; Pawan Kalyan to be Dy CM.

Grasim Industries, Shriram Finance, Hindustan Unilever, Eicher Motors, and Britannia Industries were the top gainers, while Tech Mahindra, JSW Steel, HCLTech, NTPC, and Wipro, were the top drags. Sensex Today Live : Only eight stocks out of the 30 on the BSE Sensex were trading in the green.

Amit Shah and former Telangana governor Tamilisai Soundararajan went viral on Wednesday, sparking speculation about a potential rift within the Tamil Nadu BJP. In the video, Shah is seen wagging his finger while speaking to Tamilisai during the swearing-in ceremony of new Andhra Pradesh Chief Minister Chandrababu Naidu in Vijayawada.

Flexible workspace provider WeWork India on Thursday opened its first Chennai co-working space in Olympia Cyberspace in Guindy, making this the 55th building for the company in the country. The facility spans over 130,000 sq. ft. and has 2,000 seats available across two floors. It has also already signed on members like Wheelocity Fresh, Molex India, Dr. Wamser + Batra India and H2O LLC.

Soundararajan and instructing her something while waging his finger. Tamilisai was the BJP's Lok Sabha Election candidate from South Chennai.

The price change in 24 carat gold in the last one week has been 2.82% .whereas in the last month it has been 2.12%.The cost of silver is Rs.88370.0 per kg up by Rs.490.0 per kg. Gold Price Today in Delhi is ₹73155.0/10 grams. Yesterday’s Gold Price on 12-06-2024 was ₹73027.0/10 grams.

India’s retail sector is witnessing a significant surge, and is expected to grow by 50% to 134 million sq ft by the end of 2028 from 89 million sq ft at present, according to a report by JLL. Close to 88 new retail developments with a cumulative area of around 45 million sq ft are expected to come on stream in the seven cities — Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Pune, Kolkata, and Chennai – over the next 5 years.

Chennai: Sundaram Home Finance has launched an 'emerging business' vertical as part of its diversification move and has set a target to disburse Rs 300 crore during this financial year in this segment, a top official said.

gold in the last one week has been 0.0% .whereas in the last month it has been 0.05%.The cost of silver is Rs.87880.0 per kg down by Rs.1230.0 per kg. Gold Price Today in Delhi is ₹72802.0/10 grams. Yesterday’s Gold Price on 11-06-2024 was ₹73567.0/10 grams.