City Chennai Financial News

Here are top 5 news of the day: Belstar Microfinance Ltd submitted draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) to raise ₹1,300 crore through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the initial public offering (IPO) of the Chennai-based company comprises a ₹1,000 crore fresh issue of equity shares and an offer-for-sale (OFS) of ₹300 crore by existing investor shareholders.

Ravindra Jadeja produced an all-round effort to help Chennai Super Kings beat Punjab Kings by 28 runs in an Indian Premier League match here on Sunday. Sent into bat, Jadeja made 43 runs off 26 balls and then picked up 3 for 20 to ensure a win for CSK. Chasing a modest 168, PBKS faltered from the word go with only Prabhsimran Singh (30) and Shashank Singh (27) making significant contributions with the bat before being restricted to 139 for 9 in 20 overs. Besides Jadeja, Simarjeet Singh (2/16) and Tushar Deshpande (2/35) picked up two wickets each for CSK.

ALSO READ: Sunil Gavaskar fumes on air as Virat Kohli rants about poor strike: They say we don't care about outside noise but... "Deepak injury is not looking good. I will not say he is ruled out of the season but doubtful," Cricbuzz quoted Kasi Viswanathan, the CEO of Chennai Super Kings, as saying on Friday.

Muthoot Finance, submitted draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) to raise ₹1,300 crore through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the initial public offering (IPO) of the Chennai-based company comprises a ₹1,000 crore fresh issue of equity shares and an offer-for-sale (OFS) of ₹300 crore by existing investor shareholders.

IPL points table and are now in 7th position with 8 points and a net run rate of -0.049. If RCB wins all of their remaining 3 matches, they will reach 14 points, which would make it mathematically possible for them to secure a place in the playoffs.

gold in the last one week has been 0.59% .whereas in the last month it has been -2.12%. The cost of silver is Rs.83500.0 per kg Gold Rate Today in Delhi is ₹73184.0/10 grams. Yesterday’s Gold Rate on 04-05-2024 was ₹73681.0/10 grams.

South during election time and things seem to be a little different here in Chennai from other parts of the country. Unlike in the East-West-North, I don't have any language to speak to people on the street, and my narrow sampling is from the educated, English-speaking class with which I come into contact. But even here, people are calmer, their disagreements articulate. Various kinds of psephological nerdiness are on full display, but without the accompanying rancour one is used to when arguing with say Bengalis, Punjabis or Hindi-belt folks. There's an almost destabilising absence of kinship and/or genitalic cuss words. People down here argue. But they also let the other person actually speak. Like totally weird, da. Everyone agrees that in the behemoth state of Tamil Nadu, things are going to go just as they have in the past. 'They can come and do as many rallies as they want. People will go to see also, because they are crudely entertaining. But as for votes, forget it. Their nonsense has never worked in these parts.'

Royal Challengers Bengaluru and Gujarat Titans are preparing for an important match in the Indian Premier League as they compete for a win to revive their chances of making it to the playoffs. Both teams are at the bottom of the points table with six and eight points from 10 matches each, highlighting the importance of the upcoming match. Both RCB and GT understand the importance of winning to enhance their chances of making it to the playoffs amidst the recent challenges faced by Chennai Super Kings and Delhi Capitals. With the IPL group stage nearing its end, each match holds the potential to determine the teams that will secure playoff berths in the highly competitive race. RCB comes into the match with momentum in their favor as they have won their last two games. Virat Kohli's consistent run-scoring has been crucial, and standout performances from players such as Will Jacks and Cameron Green have strengthened their team. Nevertheless, RCB's bowling department is still a worry, and they need to improve their line and length against GT's strong batting order.

Volkswagen has inaugurated a new store in the city under its expansion drive in the state, strengthening its retail presence in the country. With the setting up of a new outlet at Ambattur in the city, the total network for the automobile major stands at 26 sales and 20 service facilities in Tamil Nadu. «The Chennai Metropolitan area is one of the key markets for Volkswagen in India. In 2023, our Virtus was one of the highest-selling sedans in this market. With this inauguration of our newest touchpoint in Chennai, we are emphasising our commitment to the rising need for premium, safe, and reliable vehicles throughout India..», Volkswagen Passenger Cars India Brand Director Ashish Gupta said in a company statement on Saturday. The new store 'KUN Capital Motors' is headed by Director Arun Uppuswami and has a five-car display and 25 service bays, among others.

IPL matches against each other so far. PBKS have won 14 and CSK 15. PBKS’ highest total against Chennai so far is 231.

Cricbuzz, Kasi Viswanathan, the CEO of Chennai Super Kings had said, “Deepak's injury is not looking good," however, he added, “I will not say he is ruled out of the season but doubtful" Earlier on May 2, CSK head coach Stephen Fleming too admitted that seamer Chahar's injury "doesn't look good" and he hoped for a positive report from the franchise's medical team. Chahar's latest injury was seen pulling off his run-up in just the second ball of the Punjab Kings chase on May 1. Chahar's career has been marred by injuries in the last couple of years, costing him a permanent spot in the Indian team.

The price change in 24 carat gold in the last one week has been 0.24%. whereas in the last month it has been -2.14%. The cost of silver is Rs.83500.0 per kg down by Rs.100.0 per kg.

The price change in 24 carat gold in the last one week has been 1.23%, whereas in the last month it has been -4.02%. The cost of silver is Rs.83600.0 per kg up by Rs.700.0 per kg. Gold Rate Today in Delhi is ₹73681.0/10 grams.

₹358.80 a share on the NSE on Thursday, down 1.98%, while the Nifty index closed at 22,648.20 points. Its total market capitalization stood at ₹4,997.71 crore. CVC Capital Partners, which purchased around 59% in Healthcare Global for ₹1,100 crore in 2020, raised its shareholding to over 60.4% later.

₹73790.0/10 grams. Yesterday’s Gold Rate on 01-05-2024 was ₹73893.0/10 grams, and last week’s gold rate on 26-04-2024 was ₹74401.0/10 grams. Silver Rate in Delhi: Silver Rate Today in Delhi is ₹82900.0/Kg.

Who won yesterday IPL match? Top highlights of last night's CSK vs PBKS match The incident took place in the 16th over of Wednesday's match between Chennai Super Kings and Punjab Kings.CSK batsman Sameer Rizvi flicked a delivery from Kagiso Rabada over the top but the ball went straight to Harshal Patel at third man, who made no mistake. Shortly after taking the catch, Patel could be seen celebrating on the ground with the ball in his hand in a style remarkably similar to an earlier catch by Yuzvendra Chahal that was subsequently turned into a very famous meme.

Ruturaj Gaikwad opened the batting for Chennai Super Kings at the MA Chidambaram Stadium. The right-handed batting pair got their side off to a good start in the powerplay, putting on 55 runs in the first 6 overs. However, the dip in the scoring rate after the powerplay put Ajinkya Rahane under extra pressure and CSK eventually lost their first wicket when Harpreet Brar dismissed the veteran batsman for 29 (24).

Freshworks said on Wednesday that founder Girish Mathrubootham will step aside as the chief executive and will take on the role of executive chairman. Meanwhile, Dennis Woodside will take over as CEO of the CRM software maker. In a post on X, Mathrubootham said, «After spending almost 14 years since founding Freshworks as a tiny startup in Chennai, to scaling it to be a global Saas player and the first Indian Saas company to list on Nasdaq, I’m excited to announce that I’m stepping into a new role as Executive Chairman of Freshworks.»

Punjab Kings mounted a pragmatic chase to consign Chennai Super Kings to a demoralising seven-wicket defeat at their own den in their IPL match here on Wednesday. Punjab rode on quick 40s by Jonny Bairstow (46, 30b, 7x4, 1x6) and Rilee Rossouw (43, 23b, 5x4, 2x6) to move past Chennai's modest 162 for seven, which was built around skipper Ruturaj Gaikwad's solid 62 (48b, 5x4, 2x6). The win took PBKS to seventh place on the points table with eight points, while CSK stayed on fourth with 10 points.

Fortune Hotels, a member of ITC's hotel group, is planning to open a new hotel every month in the current financial year, the company's Managing Director Samir MC said on Wednesday. In an interview to PTI, Samir shared the expansion plans of Fortune Hotels, which has just opened its first international hotel — Fortune Resort & Wellness Spa Bhaktapur — in Nepal. He described it as a significant milestone in the company's «beyond borders» expansion strategy, envisioning its presence in South Asia and proximal markets. «Following on the heels of this prestigious opening, we are poised to open at least four to six more hotels in the first half of the fiscal year in unique destinations like Kevadia (Ekta Nagar, Gujarat), Candolim (Goa), Palampur (Himachal Pradesh), and a beach resort in Chennai amongst others and an equal number in H2 (second half: October-March),» Samir said.

Kolkata port as they eye a new Master Ship Repair Agreement (MSRA) that will allow US warships to access repair services at the port, according to persons aware of the matter. This is part of attempts by New Delhi and Washington to make India a major hub for maintenance and repair of US Navy ships in the Indo-Pacific. Ehe US navy signed MSRA deals with Larsen and Toubro as well as Mazagon Dock Shipbuilders Ltd last year.