City Chennai Financial News

13.04 / 17:27
performer cricket Sporting bowling Gautam Gambhir speaks in favour of Mitchell Starc ahead of KKR vs LSG, says ‘4 games doesn't…'
₹24.75 crore. However, his performance in the last four matches has been quite unsatisfactory as he has so far taken just four wickets in IPL 2024. Starc was unable to take any wicket in all the matches except the match against Delhi Capitals, where he managed to return with figures of 2/25.
13.04 / 10:51
Digital security Trade Celebrity country International India-Russia celebrates 77 years of strong & steady partnership
India and Russia on Saturday celebrated the 77th anniversary of diplomatic relations. The nearly eight decades of partnership has been marked by achievements contributing to special and privileged strategic partnership. Throughout decades, this partnership encompassed several areas from defence to space to trade and investments, hydrocarbon energy and nuclear power, security and space, science and fin-tech, digitalization, infrastructure and smart-cities, education and culture. Russia remains a largest contributor to India’s energy security and its defence capabilities. Currently there are efforts to a greater connectivity in the Eurasian space and are working towards an early conclusion of the FTA between the Eurasian Economic Union and India, efficient promotion of the North-South Transport Corridor and relaunching of the Vladivostok – Chennai Eastern Maritime Corridor, strengthening of the independent financial and payment mechanisms, synchronization of customs regimes, multiplication of joint ventures, expansion of tourism and humanitarian linkages.
13.04 / 09:21
UPS security awards fun reports bowling Tomorrow's IPL Match: MI vs CSK; who’ll win Mumbai vs Chennai clash? Fantasy team, pitch report and more
Tomorrow's IPL Match: Mumbai Indians (MI) and Chennai Super Kings (CSK) will clash on April 14 at the Wankhede Stadium in Mumbai. MI, having won 2 out of 5 matches, are at number 7 at the moment. CSK, on the other hand, have lost 2 of their 5 matches and are sitting at number 3.
13.04 / 07:31
performer track cricket bowling IPL 2024 Points Table: Lucknow drop to 4th spot, Delhi make strikes. Check full list after DC vs LSG clash
Sanju Samson-led franchise have played some excellent cricket this season, thanks to a mix of aggressive batting from the likes of Jos Buttler and Riyan Parag and sensational bowling from Trent Bolult, Yuzvendra Chahal and company. RR have lost just one game this season and have 8 points to their name with a net run rate of +0.871. With the return of Shreyas Iyer as captain and the addition of Gautam Gambhir as mentor this season, KKR have shown glimpses of their long-lost glory.
13.04 / 02:41
Provident LGBT Fighting Entertainment social bowling 'Thala for a reason': MS Dhoni rules list of loudest cheers in IPL 2024 matches
IPL venues this season, with two of Dhoni's moments in the top three. In the first position, Dhoni's entry at the MA Chidambaram Stadium in Chennai during the match against Royal Challengers Bengaluru resulted in a sound level of 130 decibels. Notably, this was the first time fans saw MS Dhoni on the ground after handing over the captaincy to Ruturaj Gaikwad.
12.04 / 19:15
IPO Manufacturing wellness Healthcare hospital testing Interviews Neuberg Diagnostics plans to raise $100 million to fund acquisitions
Neuberg Diagnostics is looking to raise $100 million by September, ahead of a planned public listing in two years, chairman GSK Velu said Friday. Neuberg, which runs a pan-India diagnostic chain, has appointed O3 Capital as the investment banker and is currently in talks with potential investors, Velu said in an interview. The Chennai-based company plans to use the fresh capital to expand its radiology business through acquisitions, he said. «Within two years, we want to list the company; we are doing the fundraise for some more M&A ramp up,» said Velu, also a serial entrepreneur having invested in eye care chain Maxivision. He is also the owner of medical equipment manufacturer Trivitron Healthcare and one of the key investors in Kaveri Hospitals. «With the proposed fundraise, we hope that our revenue will double in the next couple of years,» he added.
12.04 / 12:59
Remark Nov Trade performer reports Updates Puravankara shares gained over 33% this week, biggest weekly jump since Nov 2017; here's why
Puravankara, a leading real estate developer in India, witnessed a surge in its share price, hitting the 10% upper circuit during today's trading session at ₹324.30 per share. This week marked a remarkable rally, recording a 33.68% gain, the largest weekly increase since November 2017.
12.04 / 08:47
UPS IPL 2024 Points Table after MI vs RCB match: Mumbai move up after beating Bengaluru; check full list
IPL 2024 Points Table: Spurred by a solid 7-wicket victory against Royal Challengers Bengaluru (RCB) on April 11, Mumbai Indians (MI) are now at number 7 with 4 points from 5 matches. MI have a Net Run Rate (NRR) of -0.073. Delhi Capitals (DC), who have lost 4 out of their 5 matches, are at number 10 and have NRR of -1.370.
11.04 / 23:11
Dreams Election WhatsApp President Fishing "DMK govt sought compensation of Rs 37,000 cr from Centre but...," Udhayanidhi Stalin
Tamil Nadu Minister and Dravida Munnetra Kazhagam leader Udhayanidhi Stalin on Thursday hit out at AIADMK and BJP government and said that the DMK government sought compensation of Rs 37,000 crore from the Centre when natural disaster Cyclone Michaung struck Tamil Nadu twice in December last year but the Union Government has not released even a single penny. Adressing a roadshow in Kanniyakumari, Udhayanidhi Stalin said, «There was a cyclone in Chennai and even floods in Thoothukudi, Tirunelveli. We demanded 37,000 crores as compensation. The Union Government didn't even give a paisa till now.» «You all know how much the cyclone made an impact. During that time then the State Government AIADMK and Union BJP government didn't warn about the cyclone. Many fishermen belonging to Kanniyakumari at that time in the middle of the sea were fishing unaware of the cyclone. Many lost their life and still count missing is not known. At that time our Leader MK Stalin and Congress leader Rahul Gandhi came and visited the affected areas. Even PM Modi visited but did not even announce any relief funds. Just not even in helicopter he visited the affected area. Just took pictures with the Helicopter. Till now no funds have been allocated. Do we need such a shameful Union government? The time has come to remove them which is April 19,» he said.
11.04 / 09:29
wellness performer beautiful IPL 2024 Points Table: Rajasthan on top, Gujarat jump to 6th spot, check full list after RR vs GT clash
IPL 2024 Points Table: Gujarat Titans handed the Rajasthan Royals their first defeat of the season on Wednesday thanks to some superb batting by Shubman Gill, Rashid Khan and Rahul Tewatia. With the latest victory, Titans have found themselves on the 6th position in the IPL Points Table while Rajasthan continue to lead the coveted rankings. Despite facing a setback against GT on Wednesday, the Sanju Samson-led franchise continues to lead the IPL 2024 team rankings.
11.04 / 07:01
markets UPS Experts recommendations stake Dolly Khanna portfolio: Chennia-based investor buys stake in small-cap stock despite 100% rally in one year
Dolly Khanna portfolio: Chennai-based Indian stock market investor Dolly Khanna is known for investing in lesser-known small-cap stocks that tend to outperform the majority of the share market indices. That's why a good number of retail investors and market observers follow ace investor Dolly Khanna's portfolio. They follow the ace investors' portfolio by scanning the latest shareholding pattern of the Dolly Khanna portfolio companies.
11.04 / 00:09
UPS Provident students blues reports Schools IITs strive to beat placement winter blues
IITs) at Delhi, Bombay (Mumbai), Kanpur, Madras (Chennai), Kharagpur, Roorkee, Guwahati and Varanasi (BHU), the struggle to place students in a challenging environment hasn't gotten any easier. The schools are going all out to get more recruiters to campuses. The placement season ends in May-June for the IITs. Two of the top schools — IIT Bombay and IIT Delhi — have provided official placement data to ET. At IIT Bombay, the top choice for those who clear the entrance exam process, 33% of the 1,973 students participating in placements were yet to get jobs as of April 4. The older IITs are typically regarded by candidates as the most desirable. Apart from the eight older ones, India has 15 other IITs set up since 2008. IT-BHU became IIT-BHU (Varanasi) in 2012 by an act of Parliament.
10.04 / 20:05
markets COST CEO Healthcare stage exclusive reports stake Warburg buys majority stake in ophthalmic device company Appasamy
Warburg Pincus has bought a majority stake in Chennai-based Appasamy Associates, India's largest maker of ophthalmic equipment and intraocular lenses (IOLs). Financial details of the transaction were not disclosed. Appasamy operates across the entire value chain of ophthalmic devices — diagnostic, surgical equipment, and IOLs, according to company statement. ET was the first to report last July that Warburg Pincus was in advanced stages of talks to acquire Appasamy, having signed an exclusivity agreement, and started due diligence of the company. Promoters of Appasamy were expecting a valuation of ₹3,000-₹3,200 crore, ET reported at the time. Warburg planned to buy a 60-70% stake in the company and the business would continue to be run by the current management, ET reported. Post the deal, Appasamy will continue to be led by recently appointed CEO, Senthil Kumar who will drive the business going forward with support of the promoter family and in partnership with Warburg Pincus, according to the statement. Appasamy is also the exclusive distributor for Canon medical equipment in India.
10.04 / 16:17
Provident Progressive CEO Research Universities 2020 Features QS World University Rankings: IIM Ahmedabad among top 25 for business studies; JNU gets India's top varsity tag
ALSO READ: QS Asia Rankings 2024: India beats China with highest number of universities QS CEO Jessica Turner has said providing high-quality tertiary education in the face of exploding demand is the biggest challenge faced by India. "This was recognised by 2020's NEP (National Education Policy), which set the ambitious target of a 50 per cent gross enrolment ratio by 2035.
10.04 / 14:57
markets UPS Provident Progressive Manufacturing Healthcare stake Warburg Pincus picks up controlling stake in Chennai's Appasamy for $300 mn
MUMBAI : Warburg Pincus has picked up a stake in Chennai-based Appasamy Associates Pvt. Ltd., a manufacturer of ophthalmic equipment and devices, in what is the US-based private equity firm's largest investment in the healthcare sector in India, a statement released by the two firms said. Though the firms did not disclose the financial details of the deal, people with knowledge of the matter said that Warburg has acquired around 65% stake in the company for nearly $300 million.
09.04 / 09:31
Provident Ball Dreams reports cricket PBKS vs SRH 2024 IPL Live Score: Shikhar Dhawan's explosive batting to go against Pat Cummins' pace. Check dream 11 team
PBKS vs SRH 2024 IPL Live Score: The pitch of Maharaja Yadavindra Singh Cricket Stadium, Mohali is ready to witness a high-voltage match between Punjab Kings and Sunrisers Hyderabad. Shikhar Dhawan-led Punjab Kings are riding high on confidence after defeating Gujarat Titans in their previous match, while Pat Cummins-led Sunrisers Hyderabad defeated the defending champions Chennai Super KingsPBKS vs SRH 2024 Pitch Report The pitch of Mohali is one of the fastest in India and is well-known to provide some extra bounce to the pacers.
09.04 / 03:45
UPS Ball wellness show social Commentary CSK vs KKR | Gautam Gambhir in ‘parallel universe’: After Virat Kohli, Kolkata mentor hugs MS Dhoni; netizens react
CSK vs KKR IPL 2024: “Old friends meeting up and exchanging a pleasantry or two - that’s what makes these games so special," said the commentator as Gautam Gambhir and MS Dhoni hugged each other and whole-heartedly smiled. It was after the Chennai Super Kings (CSK)’s win against Kolkata Knight Riders (KKR) on April 8. However, for the uninitiated, Gambhir and Dhoni could be anything else, but they are definitely not known to be “old friends".
09.04 / 01:53
Digital Mobile wellness country Bank holiday today: Are banks shut on April 9 for Gudi Padwa, Ugadi, Navratri, Telugu New Year, Sajibu Nongmapanba?
Karnataka (Bengaluru) Tamil Nadu (Chennai) Andhra Pradesh (Hyderabad) Telangana (Hyderabad) Manipur (Imphal) Goa (Panaji) Jammu Srinagar This is in accordance with the Reserve Bank of India's holiday calendar for banks. In addition to the Gudi Padwa, Ugadi, and other regional New Year festivals, banks will also be closed in some states later this week for Ramzan-Id (Id-Ul-Fitr) on April 11th.
09.04 / 01:27
UPS Ball Parke wellness show bowling Who won yesterday IPL Match? Top highlights of last night’s CSK vs KKR match
Who won yesterday IPL Match? Chennai Super Kings (CSK) took on Kolkata Knight Riders (KKR) at home on April 8. Chennai, coming from 2 wins in 4 matches, won the toss and decided to bowl first. Chennai had a tailor-made start to the match.
09.04 / 00:43
markets Citizens Aware Manufacturing Mobile Apple electronic stake Tata Group in talks to acquire majority stake in Pegatron's Chennai iPhone factory
Pegatron is in advanced talks to sell a majority stake in its iPhone manufacturing unit near Chennai to Tata group, people aware of the matter told ET. «The deal is expected to be completed in the coming two to three months, or, (at the) latest, by the second quarter of the fiscal year,» said one of the persons. «However, as of now, it's unclear if this will be a Wistron-type buyout or a joint venture.» Both options are said to be on the table. Wistron, like Pegatron and Foxconn, is a Taiwan-based contract manufacturer for Apple. Tata group acquired its local operations for $125 million (₹1,000 crore) in November last year, becoming the first Indian company to manufacture iPhones.

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