City Chennai Financial News

Subscribe to enjoy similar stories. India Inc’s global capability centre (GCC) boom is keeping the country’s law firms busier than ever as more multinational companies set up larger office campuses on longer lease tenures across major cities.

Subscribe to enjoy similar stories. BENGALURU : Venture capital and private equity investors are increasing their bets on post-hospital care—often referred to as ‘continuum care’—as India’s hospitals are discharging patients more quickly and families seek structured recovery outside hospitals.

Subscribe to enjoy similar stories. NEW DELHI : Parliament in December cleared the Repealing and Amending Act, 2025, which has removed a long-standing procedural hurdle in inheritance by deleting Section 213 of the Indian Succession Act, 1925. The change means that beneficiaries in Mumbai, Chennai, and Kolkata no longer have to mandatorily get a probate and can now act on a valid Will.

Subscribe to enjoy similar stories. MUMBAI : The unlisted market could be in for a flurry of activity, with the National Stock Exchange (NSE) likely to get the market regulator's approval to begin its listing process by the end of this month.

Mint reported on 23 December, quoting official data, that Japan is now the fifth-largest source of foreign direct investment into India.MUFG, which is one of Japan’s largest private lenders, is in discussions with multiple Indian IT services firms, including Tech Mahindra, for hiring support, the two people said, though the bank’s current India headcount could not be independently verified.The lender has two tech centres in Bengaluru to support back-end IT functions for the bank and enterprise solutions for the parent firm. MUFG ended last fiscal year with a net interest income of $20.8 billion, up 12% from the year-ago period.“They are mainly having talent requirements for Linux, .NET, and Java roles, apart from other AI and cybersecurity requirements,” said one of the two people.Manufacturing conglomerates are making similar moves.

₹599 and ₹999 per person, with Perspectives taking a 20% commission.If the loneliness economy has a defining characteristic, it is that many of its founders did not arrive with market research or business plans. Most began by trying to solve a personal, unmet need.Originally from Tamil Nadu’s textile hub of Tiruppur, Krishna Rubiga moved to Chennai for work in 2024 and struggled to make friends. Singles mixers felt crowded and transactional.

data centres are the refineries converting it into AI-ready fuel. And India is fast emerging as the next global hub.The country generates nearly 20% of the world's data but hosts only 3% of global data centre capacity.

New-age electric bus manufacturers have stormed India’s biggest tender, picking up nearly 80% of the 10,900 e-buses on offer as part of the ₹10,900-crore PM E-Drive scheme, leaving legacy players with little to show for their efforts.Flush with recent investments, companies like PMI Electro Mobility and Eka Mobility offered aggressive, lucrative pricing, securing contracts for 5,210 and 3,485 e-buses, respectively.Among other manufacturers, only Olectra Greentech—an established electric bus manufacturer and a subsidiary of Hyderabad-based EPC company Megha Engineering—managed a partial win, bagging 1,785 e-buses.Bigger names such as Tata Motors and VE Commercial Vehicles (VECV) were caught off guard when the results, revealed on Wednesday, showed they had not won a single contract, according to three executives directly aware of the development. Chennai-based Ashok Leyland missed the tender entirely due to a technical glitch and has approached the Delhi High Court.Government officials and industry executives spoke on the condition of anonymity as the results are so far only known to the bidders and haven’t been made public.

Mint.The deal size is expected to be $50-60 million ( ₹449-538 crore) and would likely provide a full exit to the promoters, one of the people said, adding that the transaction is likely to close in the coming weeks.The acquisition is part of Pulsar’s broader strategy to build a food platform through the consolidation of multiple assets, the second person said.Both spoke on the condition of anonymity.The mid-market private equity firm has a strong footprint across India, West Asia and other emerging markets. Led by former TPG executive Vish Narain, Pulsar has backed several consumer-facing companies, including Biryani by Kilo and Blue Tokai, and earlier this year partnered with PJP Investments to bring Papa John’s Pizza to India.Pulsar and Nandhana did not immediately respond to Mint’s requests for comment.Founded in 2004 by Ravichandar Ramaswamy, Nandhana Palace is among the more prominent Andhra-style restaurant chains, with multiple outlets across Bengaluru and Chennai.

Mint reported earlier on 1 November that PMI, EKA and Olectra were eyeing this tender. EKA confirmed the development to Mint.

Subscribe to enjoy similar stories. Chennai/Kochi: The divergence is stark. Both Cochin Shipyard Ltd (CSL) and HD Hyundai Heavy Industries were established the same year—1972.

Subscribe to enjoy similar stories. Chennai: It isn’t every day that you come across companies declaring with some ferocity that they are second best. That kind of intensity is usually reserved in the battle for the top spot.

Subscribe to enjoy similar stories. At the end of her charming novel Rukmini Aunty and the R.K. Narayan Fan Club, Sita Bhaskar quotes the Scottish writer Alexander McCall Smith’s admiration for the much-loved creator of Malgudi Days, first published as a collection of short stories in 1943, and later turned into a popular TV series in 1986.

Subscribe to enjoy similar stories. Private bus operators and online ticketing platforms are hoping to retain more users as travellers stranded by the IndiGo flight cancellation fiasco seek out last-minute travel alternatives. From local travel companies to electric-bus startups, everyone is vying for a share of a market that has lit up like a Christmas tree.

Subscribe to enjoy similar stories. When Chennai-based space-tech startup Agnikul pitched to Artha Venture Fund in 2020, managing partner Anirudh Damani said it took only minutes to recognise the founders’ deep domain expertise. “It was obvious they weren’t theorizing.

Subscribe to enjoy similar stories. NEW DELHI: Microsoft will keep investing in artificial intelligence-ready data centre infrastructure in India beyond 2026, and continue hiring artificial intelligence (AI) engineers to build value-added solutions, the company’s top India executive said. “As part of our $3 billion investment plan through this year and the next, our Hyderabad data centre—one of the largest in the region—is set to go live by June 2026.

Subscribe to enjoy similar stories. Chennai: In 1947, the US led 23 nations into signing the General Agreement on Tariffs and Trade (GATT). The effort was to lower trade and tariff barriers among nations.

Earlier, Tamil Nadu Congress Committee President K Selvaperunthagai said that the party condemns the idea of One Nation One Election, the passing of the Waqf (Amendment) Bill, the non-disbursement of funds and other policies. The party is also going to raise slogans condemning the Waqf Bill as PM Modi reaches Rameswaram city. "(Union Finance Minister) Nirmala Sitharaman in Chennai event said One Nation One Election would be implemented.… we are holding this protest. We will also raise new slogans as PM Modi reaches Rameshwaram," K Selvaperunthagai said. «We are also showing black flag to Modi condemning Waqf Board Amendment,» he added.

Delhi Capitals won against Chennai Super Kings at the Chepauk for the first time since 2010. The visitors registered a comfortable 25-run win after posting 183/6 in 20 overs. Opting to bat first, DC were led by KL Rahul's 77 runs off 51 balls, which included six fours and three sixes. He was supported by Abhishek Porel, who scored 33 runs off 20 balls, while Tristan Stubbs gave the finishing touches with an unbeaten 24 off 12 balls. For CSK, Khaleel Ahmed picked up two wickets and was excellent with the new ball. Matheesh Pathirana bowled a superb spell in the death to restrict DC under 200. The home team never looked to be in the chase as they were reduced to 41/3 inside the powerplay. Vijay Shankar scored an unbeaten 69 runs but his runs came off 54 balls, which proved to be too slow in the end. MS Dhoni scored 30 not out off 26 balls as CSK did not show any intent to win the match after losing a few wickets upfront. DC now have three wins in as many matches and top the table, while CSK find themselves in a spot of bother with just one win in four matches, placing them eighth among the 10 teams.

According to an official release, thereafter, at around 12:45 PM, PM Modi will perform darshan and pooja at the Ramanathaswamy temple at Rameswaram. At around 1:30 PM in Rameswaram, he will lay the foundation stone and dedicate various rail and road projects worth over Rs 8,300 crore to the nation in Tamil Nadu. He will also address the gathering on the occasion. These projects include the foundation stone for the four-laning of the 28-km-long Walajapet — Ranipet section of NH-40 and dedication to the Nation of the 4-laned 29-km-long Viluppuram — Puducherry section of NH-332, 57-km-long Poondiyankuppam — Sattanathapuram section of NH-32, and 48-km-long Cholapuram — Thanjavur section of NH-36. These highways will connect many pilgrim centres and tourist places, reduce the distance between cities and enable faster access to Medical colleges and hospitals and ports, besides empowering local farmers to transport agricultural products to the nearby markets and boosting the economic activity of local leather and small-scale industries. The Prime Minister will inaugurate the new Pamban Rail Bridge and flag off the new train service for Rameswaram-Tambaram (Chennai). The bridge carries a deep cultural significance. According to the Ramayana, the construction of Ram Setu was initiated from Dhanushkodi near Rameswaram. The Bridge, linking Rameswaram to the mainland, stands as a remarkable feat of Indian engineering on the global stage. It is built at a cost of over Rs 700 crore. It is 2.08 km in length, features 99 spans and a 72.5-metre vertical lift span that rises up to a height of 17 metres, facilitating smooth movement of ships while ensuring seamless train operations.

Chennai find themselves in unfamiliar territory, sitting eighth on the points table after three matches. They’ve managed just one win and suffered back-to-back defeats against Royal Challengers Bengaluru and Rajasthan Royals. In contrast, Delhi Capitals are soaring. They’ve won both their matches this season and currently sit in second place, behind Punjab Kings.