City Chennai Financial News

₹1,054.40 apiece on Thursday after the company announced expansion plans in Chennai. The real estate developer Brigade Enterprises has signed a joint development agreement with PVP Ventures Limited to develop a 2.5 million square feet, high- rise residential project, spread across 16 acres in Perambur, Chennai.

Gold And Silver Prices Today: Gold prices experienced a slight decrease on Thursday. The price of 24 carat gold in Delhi is Rs.6319.2 per gm, a decrease of Rs.3.0, while the cost of 22 carat gold is Rs.5788.3 per gm, down by Rs.4.0. The price change in 24 carat gold over the last week has been -2.17%, whereas in the last month it has shown a decrease of -0.05%.

India will allow foreign airlines to operate non-scheduled cargo flights from all international airports in the country for three years, lifting 2020 curbs that had restricted them to six — Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai. This followed lobbying by exporters against the restrictions. While India had an open sky policy in air cargo that allowed unhindered movement by foreign airlines, the government amended it in 2020 to give Indian carriers a boost. However, exporters have been protesting that goods capacity had shrunk as Indian carriers failed to deploy enough aircraft to meet demand.

₹99 for customers in Gujarat, Madhya Pradesh and Chhattisgarh, and ₹149 for customers in other parts of west and south India. The company is also promoting the offer with two new television commercials. Earlier, the McVeggie meal was priced at ₹321—now it is available for Rs149, while the Aloo Tikki meal, earlier priced at ₹230, can now be had at ₹99.

environmental mitigation after Ammonia gas leaked from its sub-sea pipeline at Ennore creek near here in December 2023, state Environment and Climate Change Minister Siva V Meyyanathan said on Wednesday. The government will also consider the next course of action against the factory of the company, Coromandel International Ltd (CIL), after it implements all safety mechanisms recommended by the technical committee and the ratification is done by Tamil Nadu Pollution Control Board (TNPCB), he told the Assembly. The Minister was replying to a special calling attention motion on the gas leak issue moved by several parties which sought the permanent closure of the factory. He informed the Assembly that after a seven-member technical committee submitted a report, the TNPCB served a notice to CIL asking for a compensation of Rs 5,92,50,888 towards environmental mitigation. «The notice was served under section 5 of the Environment Protection Act, 1986, on February 2. The firm agreed to pay the sum,» Meyyanathan said.

ALSO READ: 'Put your stickers on my bats and send them across': MS Dhoni's latest act is winning hearts On 19 February, a day after retirement, Tiwari stated that his biggest regret would be not getting the Test cap after having represented India in the ODIs and T20Is. "When I had completed playing 65 first-class matches, my batting average was around 65. The Australia team had toured India then, and I had scored 130 in Chennai in a friendly game, then I scored 93 against England in a friendly game.

Mumbai Metropolis Metaverse which will offer an immersive virtual representation of Mumbai. In this 3D map, the government aims to give the people an idea of how Mumbai (MMR) will look in the coming years and the sort of new amenities the city is going to provide to the Mumbaikars.

import duty on rubber as of now as the differential between the local and international prices is maintained, a senior official said on Monday. «We have a differential already maintained for the imports that we are getting vis-a-vis the local production. »If you see the local price vis-a-vis international price...so there has been a differential maintained on account of that import duty… So I do not think there is any rethink on reducing import duties as of now," Additional Secretary in the commerce ministry Amardeep Singh Bhatia told reporters here. He was replying to a question about the domestic user industry's demand to cut the duties and that of local producers against any duty reduction. Tyre makers are one of the major consumers of the commodity.

Stalin said that the revised estimate for 2023-24 was also higher than the budget estimates for the same year which was pegged at Rs 37,540 crore. Thangam Thennarasu, who replaced PTR Palanivel Thiagarajan as the state's Finance Minister last year, presented his maiden paperless, e-budget which he said was aimed at achieving the 'Tamil dream' through seven objectives — social justice, welfare of the marginalized, transforming young Tamils as global achievers, knowledge based economy, equality focused on welfare of women, sustainable green future and Tamil language and culture. «The revenue expenditure is estimated at Rs. 3,48,288.72 crore in Budget Estimates 2024-25 which shows an increase of 9.70 per cent over revised estimates for 2023-24,» he said. «The revenue expenditure is estimated to be Rs. 3,59,949.99 crore in 2025-26 and Rs. 3,89,005.49 crore in 2026-27.»

India Tourism Development Corporation Ltd is looking for new business opportunities besides strengthening its existing verticals as it seeks to carry forward the momentum of record financial performance of last fiscal, according to its Managing Director M R Synrem. The company which offers hospitality, travel and tour, events and engineering related consultancy services, plans to strengthen its offices in Mumbai, Chennai and Kolkata with an aim to develop these as regional hubs for its businesses. «We want not to only expand but whatever we have now to take it a notch further ahead, take it much higher and look at new business opportunities also for ITDC as a company,» Synrem told PTI on the sidelines of the launch of the company's new mascot 'Adyant' and a fresh tagline. On the new business opportunities, he said, «We have won a bid for a new duty free shop at the Vizag (Visakhapatnam) airport. We participated in the competitive bid and we have won it. It is a new thing which is coming up very soon.»

In today's trade shares of Paytm, Sula Vineyards, ZEE, Omaxe and others will be in focus due to various developments

civil aviation security regulator has asked airlines to deploy adequate manpower within 10 days to ensure passengers don't have to wait more than half an hour to collect their luggage. The Bureau of Civil Aviation Security (BCAS) wrote to airlines on Friday, directing them that the first bag should arrive at the carousel within 10 minutes of the aircraft shutting down the engine and the last bag no later than 30 minutes. In January, BCAS monitored baggage arrival time of all airlines at six metro airports — Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai — on a weekly basis and found they did not adhere to the standards set in the Operation, Management and Delivery Agreement. Contractual agreement was signed by Airports Authority of India with Delhi and Mumbai airports during their privatisation in 2006. It defines standards of service that the airports have to provide to passengers. «The above monitoring is currently being done at six major airports, However, BCAS has directed the airlines to ensure that the mandated levels are achieved in all airports where they fly,» the regulator said in a statement.

completion of housing units last year at 4.35 lakh units as developers' cash flows improved on better sales, according to Anarock. Real estate consultant Anarock data showed that 4,35,045 units were completed during last year, as against 4.02 lakh units in the previous year. The data pertains to the primary (first sale) residential market. In Mumbai Metropolitan Region (MMR), 1,43,500 housing units were completed last year, up 13 per cent from 1,26,720 units in the previous year.

climate change, triggered a peculiar trend in the 2022-23 winter season where air quality improved in north India while peninsular India recorded an increase in pollution levels, according to a new study released on Sunday. The three consecutive years of La Nina conditions (2020-23) — a rare «triple-dip» phenomenon — had widespread impacts on the ocean and climate across the globe. The study by a team of scientists led by Gufran Beig, Chair Professor, National Institute of Advanced Studies, emphasised that besides local emissions, rapidly changing climate is a significant factor affecting air quality. Published in the Elsevier Journal, the study reveals that the air quality worsened in peninsular Indian cities in the 2022-23 winter season but improved in the northern part of India, contrary to the trends seen in recent decades.

Civil aviation security regulator Bureau of Civil Aviation Security (BCAS) has asked airlines to deploy adequate manpower in 10 days so that passengers don’t have to wait at airports for their luggage. The regulator on Friday wrote to airlines saying that the first bag should arrive at the baggage belt in 10 minutes of the aircraft shutting down the engine whereas the last bag within 30 minutes. In January, BCAS monitored baggage arrival time of all airlines at six metro airports- Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai on a weekly basis and found that they were not according to the standard set in Operation, Management and Delivery Agreement (OMDA).

Gold And Silver Prices Today: Gold prices experienced a slight decrease on Sunday. The price of 24 carat gold is Rs.6273.1 per gm, down by Rs.679.0. The cost of 22 carat gold is Rs.5746.2 per gm, down by Rs.622.0.

₹63,246 crore. The same was recommended to the Union Ministry of Housing and Urban Affairs (MOHUA), for approval during January 2019," M.K Stalin wrote in his letter to PM.

Supreme Court judge Sanjay Kishan Kaul on Saturday said a little bit of underlying friction between the judiciary and the executive is good to maintain checks and balances in a democracy. Addressing a function to confer the Sansad Ratna Awards on parliamentarians, Justice Kaul said the checks and balances of a democracy were enunciated in the Constitution which provides for an administration, a legislature and the court. «Since we have a democracy based on the first past the post concept where most governments would be having less than 50 per cent of the votes, the court plays an important role in maintaining a check and balance on the system,» he said. Justice Kaul, quoting a former chief justice, said «a little bit of underlying tension is good. If things are very hunky-dory between the judiciary and the executive, then we have a problem».

cricket, withdrew from the match due to a family emergency, the Board of Control for Cricket in India (BCCI) said on February 16. Earlier in the day, Ashwin became the second Indian bowler after Anil Kumble to claim 500 wickets in Test cricket. "Ravichandran Ashwin has withdrawn from the test squad, effective immediately due to a family medical emergency.

Ashwin, an off-spinner who began the Test on 499 wickets, dismissed opener Zak Crawley for 15 in Rajkot. He is only the second Indian to reach the milestone after fellow spinner Anil Kumble (619). The spin maestro became the second Indian, after former spinner Anil Kumble, and ninth overall to take 500 wickets in Test cricket.

₹12 lakh to colocate a (full rack) server in its data centre, plus connectivity charges and taxes. The exchange started the colocation facility in 2009 so that brokers located in, say, Mumbai and Chennai would get data feeds at the same time, despite the Mumbai broker being closer to the exchange’s servers. Interestingly, exchange data shows that colocation-based trades accounted for 60.7% of gross turnover in April-December 2023, up 247 basis points (bps) from a year earlier, followed by mobile-based trade at 17.6% (up 22 bps), Internet-based trades at 8.9% (down 106 bps) and algo trades 1.1% (up 45 bps).