City Chennai Financial News

₹100-crore club today. As per industry tracker Sacnilk's estimates, the Ali Abbas Zafar directorial minted ₹58.54 crore net during its fifteen-day run in theatres. On Thursday, April 25, the film raked in ₹84 lakh net.

Mumbai Indians, and he is the one who can make you win. There is no point booing your player. You can criticize a little bit, but move on," Wasim Akram told news platform Sportskeeda. Wasim Akram also spoke about Chennai Super Kings, who changed their captain ahead of IPL 2024, and the young Ruturaj Gaikwad replaced the legend MS Dhoni smoothly.

Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the fourth quarter and full year ended March 31, 2024. Aravind Maiya, Chief Executive Officer of Embassy REIT, said, “FY2024 has been a blockbuster year for Embassy REIT. We leased a record 8.1 msf to leading corporates, majority of which were GCCs, we delivered 2.2 msf of new office development, and we recently announced our intent to acquire, demonstrating our commitment to driving growth for all our stakeholders. In our fifth year as India’s first listed REIT, we continue to see our business grow from strength to strength, and we are excited to announce our entry into a new market with our proposed acquisition of Embassy Splendid TechZone in Chennai. Given the sustained robust performance and our positive outlook on Indian office, we’re pleased to provide guidance for FY2025, which includes 5.4 msf of total leasing and distributions guidance in the range of ₹22.40 to ₹23.10 per unit." The Board of Directors of Embassy Office Parks Management Services Private Limited (‘EOPMSPL’), Manager to Embassy REIT, at its Board Meeting held earlier today, declared a distribution of ₹495 crores or ₹5.22 per unit for Q4 FY2024.

Disney Star stated that it has witnessed continued rise in TV viewership for the marquee tournament. According to the latest data released by BARC, Disney Star, in the first 34 matches, has achieved a cumulative reach of 47.5 crore viewers, recording a growth of 5 per cent on TV reach for Live Broadcast compared to the previous highest recorded in 2019. Moreover, the broadcaster has seen an 18 per cent growth from previous edition in minutes of total watch time with 24,500 crore minutes spent.

Disney Star, the official broadcaster of the Indian Premier League (IPL), has achieved a cumulative reach of 47.5 crore viewers for the 34 matches of the tournament. As per Broadcast Audience Research Council (BARC) data shared by the broadcaster, the 34 matches have witnessed 24,500 crore minutes of total watch time, a growth of 18% in consumption compared to the previous edition. IPL has also recorded a growth of 5% in TV reach for live broadcasts compared to the previous highest recorded in 2019. The television rating (TVR) has also grown by 19%.

Brigade Group to develop a 300-room InterContinental brand hotel in Telangana. The hotel, named InterContinental Hyderabad Neopolis, will bring together IHG's global expertise in hospitality management and Brigade Group's expertise in real estate development to create a world-class hotel that meets the needs of discerning travellers. The proposed property is first InterContinental property in Kokapet, Hyderabad and will be a part of Brigade's mixed-use development project, expected to be operational by 2029.

fiscal year. Its net operating income stood at Rs 680.2 crore in the year-ago period. According to a regulatory filing, Embassy REIT has posted an 8 per cent annual increase in its net operating income to Rs 2,981.9 crore during the last fiscal year.

Provident Housing, a wholly-owned subsidiary of realty developer Puravankara has raised Rs 1,150 crore from HDFC Capital Advisors, the real estate private equity arm of HDFC Group, to support future growth and expansion plans. This strategic collaboration between the developer and India’s largest residential investment platform, is expected to lead to an addition of 6.2 million sq ft of new projects to the ongoing 14.8 million sq ft. This combined portfolio will hold a gross development value of Rs 17,100 crores, which will be delivered over the next five to six years.

Embassy Office Parks REIT, India’s first listed REIT and the most prominent office REIT in Asia by area, has leased 8.1 msf of office space in FY24, surpassing the full-year guidance by 35%. Global Capability Centres (GCCs) account for over 65% of the annual leasing activity. Leading multinationals; achieved occupancy guidance of 85% at year-end. While Bengaluru occupancy is at 91% and Mumbai at 99%. Both markets represent ~86% of total assets by value. The firm has set an initial guidance of 6 msf for the last fiscal. Embassy Reit has set guidance for FY2025 with 5.4 msf of total leasing.

B. Ramachandran now prefers living in the smaller cities than the major tech hubs of Bengaluru and Chennai. After the pandemic, the 47-year-old moved to Madurai, a temple town in the southern state of Tamil Nadu. He has no plans to leave his hometown, saying the chance to live with his ageing mother while working for New York-based technology services firm Genpact is a «blessing».

EVs, while also utilising the country as an export hub for the neighbouring countries. Chung visited India on April 23 to review the group's mid-to-long-term strategies to solidify its position as a leading mobility provider. Hyundai Motor Group is expanding its manufacturing footprint in the Indian region with the establishment of an annual production system of 1.5 million vehicle units for Hyundai Motor India and Kia India combined, the automaker stated.

MrMed, an online pharmacy for super specialty medicines, is set to inaugurate its inaugural physical store in Greams Road, Chennai on 25 April 2024. This marks the brand's onset into offline retail. In partnership with BDK Pharma Private Limited, MrMed Pharmacy flagship store will offer a comprehensive range of healthcare products; from daily medicines, generics, and branded generics to surgical supplies and super specialty medicines, customers can expect unparalleled convenience and quality under one roof. Devashish Singh, CEO and Co-founder of MrMed, says, «We are extremely excited to launch our first offline pharmacy on Greams Road with BDK Pharma. One of the main promoters of BDK — Habib is a dear friend of mine from my days at Duke University. Habib and I have always spoken about healthcare deeply and have extensive experience in the sector. The entire BDK group has decades of experience in setting up and scaling franchisee operations in numerous countries across the world. We are happy to partner with them in our collective goal of providing access and affordability of specialty medicines.”

Indian Grandmaster D Gukesh was swamped by fans as he returned to the country here on Thursday after becoming the youngest challenger to the world title by winning the Candidates Chess Tournament in Toronto. Hundreds of students from the Velammal Vidyalaya, the school where Gukesh studies, lined up at the airport at least one hour before his flight landed to greet their 17-year-old fellow student. A sizeable general crowd also built up as his arrival time drew closer and the area around the arrival gate was jam-packed in no time. The youngster walked out at around 3am and he was immediately flanked by the jubilant mass. In no time, he had garlands around his neck even as the police jostled to escort him out safely.

Educational Testing Service (ETS) showed that the highest average score in this English proficiency exam was witnessed among candidates from Dehradun where the average score of test takers was 105.6. This was followed by Guntur (105.5), Mysuru (104.1) and Delhi (103.5). Most of the students who appeared for TOEFL opted for a major in computing and information technology (IT) at a foreign university in 2023.

BENGALURU : Most buildings across the campuses of the $25-billion Larsen and Toubro Group (L&T) in India resemble those of any typical engineering and construction company. But here's where much of the similarity ends. When you drive into the Chennai campus that is the digital hub of L&T, for instance, the person you're meeting would already know that you have arrived, thanks to automated geofencing that monitors your location.

ALSO READ: MS Dhoni’s playful dressing-room gesture cheers CSK fans; Ravi Shastri says, ‘Enough for the crowd to go crazy’ | Watch He said, "We are a little bit uncomfortable with some areas. So, we are just trying to find not a quick fix, but we are trying to find the right combination where players are going to contribute for the back end of this tournament. We have had injuries, and we have been a little bit unsettled, but the main thing is getting guys in key areas and in form, which sometimes takes a bit of time.

Shares of Prestige Estates Projects Ltd.(up 1.83 per cent), Brigade Enterprises Ltd.(up 1.82 per cent), Mahindra Lifespace Developers Ltd.(up 1.8 per cent), Macrotech Developers Ltd.(up 1.24 per cent) and DLF Ltd.(up 0.94 per cent) ended the day as top gainers in the pack.

On the BSE, Umiya Tubes Ltd.(down 11.43 per cent), SVJ Enterprises(down 10.00 per cent), Golkonda Aluminium (down 9.98 per cent), Mayur Floorings(down 9.92 per cent) and Atal Realtech(down 9.92 per cent) stood among the top losers in today's trade.

Shares of Ashok Leyland Ltd.(up 1.69 per cent), Bharat Forge Ltd.(up 1.29 per cent), Hero MotoCorp Ltd.(up 1.12 per cent), Tube Investments of India Ltd.(up 0.72 per cent) and TVS Motor Company Ltd.(up 0.58 per cent) ended the day as top gainers in the pack.

₹15.65 crore net. Ali Abbas Zafar directorial film managed to amass ₹80 lakh net on Day 13, Tuesday, of its release, as per film industry tracker Sacnilk estimates. This marks a drop of 5.88 percent in its collection from the day before, April 22, when the film registered ₹85 lakh net.

CSK vs LSG IPL 2024: On April 23, following the CSK vs LSG match in Chennai, CSK captain Ruturaj Gaikwad found himself among an unfortunate group of players in this IPL season. He became the third batter whose century went in vain. Ruturaj, while batting first for Chennai Super Kings (CSK), remained unbeaten at 108 off 60 balls.