City Chennai Financial News

NEW DELHI : In a testament to India’s continuing passion for cinematic experiences, as many as 1,648,508 movie enthusiasts watched at least six movies and more in 2023, with an average frequency of at least one visit to the cinemas every two months, according to BookMyShow’s year-end wrap Best of 2023 – Entertainment On A Spree that curates data from 1 January to 5 December 2023. Titles such as Jawan, Pathaan, Gadar 2: The Katha Continues, Jailer, Animal (Hindi), Leo, The Kerala Story, Adipurush (Hindi), Ponniyan Selvan: Part 2 (Tamil), Tiger 3, Rocky Aur Rani Kii Prem Kahaani, and OMG 2 emerged as crowd favourites.

The auction will have 116 capped players, 215 uncapped players, and 2 players from associate nations. Out of the available 77 slots, up to 30 will be reserved for overseas players. The previous IPL player auctions have seen some remarkable records being broken. In the TATA IPL 2023 auction, a total of 80 players were sold, and the franchises collectively spent Rs 167 crore in Kochi. All-rounders were in high demand, and English player Sam Curran became the most expensive player in IPL auction history, returning to the Punjab Kings with a bid of Rs 18.50 crore. Mumbai Indians bought Cameron Green for Rs 17.50 crore, and Chennai Super Kings acquired Ben Stokes for Rs 16.25 crore, making them part of the top 10 most expensive players in IPL history. In the 2022 auction, 204 players were sold, and Rs 551 crore was spent by the franchises in Bengaluru. Young Indian cricketers stole the show, with Ishan Kishan fetching the highest bid of Rs 15.25 crore, securing his return to the Mumbai Indians. Deepak Chahar rejoined the Chennai Super Kings for Rs 14 crore, and Shreyas Iyer was bought by Kolkata Knight Riders for Rs 12.25 crore. Avesh Khan became the most expensive uncapped player in IPL history, with a bid of Rs 10 crore. In the list of top 10 most expensive players events two Indians — Yuvraj Singh and Ishan Kishan — make into the list while English all-rounder Ben Stokes features twice.

Tamil Nadu rains: Red alert issued; 15 trains cancelled, flight operations disrupted. Check details here The Tiruchendur-Chennai Egmore Express (Train No 20606) had begun at 08:25 pm on Sunday, December 17.

IPL auction 2024: The mini-auction of the 2024 season of the Indian Premier League (IPL) is set to be conducted on Tuesday in Dubai at the Coca-Cola Arena. In total 333 players will go under the hammer and the teams will spend around ₹250 crore to fill the 77 available slots in their team. The IPL auction 2024 is expected to witness some intense bidding war and the performances of players in the ICC World Cup 2023 will surely be accounted for.

Colliers India has elevated Arpit Mehrotra as Managing Director, Office Services for India. Mehrotra, who presently serves as the Managing Director, South India has expertise in office transactions, lease negotiations and tenant representation.

Tamil Nadu district, the Southern Railways has issued a list of several train services that have been fully cancelled, partially suspended or diverted. The Railways said that changes made in the pattern of train services due to water logging in Tirunelveli Yard. It also said that the traffic has been suspended in the Tirunelveli-Tiruchendur section, between Srivaikuntam and Seydunganallur, as 'the ballast' has been washed away and the track is 'hanging' and water is flowing over the railway tracks.

Sarvam AI, the newly launched artificial intelligence startup which released its Hindi language model ‘OpenHathi’ last week, will soon launch a platform that businesses can leverage for their needs. Founded by former AI4Bharat researchers Vivek Raghavan and Pratyush Kumar in July, Chennai-headquartered Sarvam is planning to release models in other Indian languages in the coming weeks.

Impresario Hospitality & Entertainment, which owns restaurant brands like SOCIAL, Smoke House Deli and Boss Burger, is planning to go public in the next two to three years, according to its managing director, encouraged by the growth in the casual dining restaurant segment. The Mumbai-based food company also plans to increase its restaurants count to 100 in the next two to three years, with a revenue target of '1,000 crore by FY26, Riyaaz Amlani, Impresario's MD, told ET. While India's quick service restaurant (QSR) segment has multiple listed firms, including Devyani International, Sapphire Foods and Burger King India, the casual dining restaurant (CDR) space has only a few.

Sai Sudharsan burst onto the scene in the local domestic T20 league in Chennai with his nonchalant batting amassing 358 runs in eight matches at a healthy strike-rate of 143.8. A member of the Tamil Nadu senior squad across formats now, Sai Sudharsan has been truly impressive so much so that he was invited for selection by as many as six IPL franchises. B Sai Sudharshan (55 not out off 43 balls) showed during his stay at the wicket why he is rated so highly.

The unstoppable Indian residential sector surpassed all previous highs in 2023 with housing sales creating a new peak quarter-on-quarter. Concurrently, the overall sales value of sold housing inventory also inched higher.

Currently, this circulation is located over the Comorin area and extends up to the mid-tropospheric levels. As a result, IMD expects light to moderate rainfall in many parts of South Tamil Nadu, with a few isolated places in North Tamil Nadu and Puducherry and Karaikal areas also experiencing rain over the next two days (17th-18th December 2023). On these days, isolated heavy to very heavy rain is likely in south Tamil Nadu, while the adjoining delta districts may experience isolated heavy rain.

Rohit Sharma as captain of Mumbai Indians continues to make buzz on social media. On Friday, Hardik Pandya was named Mumbai Indians captain, replacing highly-successful Rohit Sharma, who led the IPL giants to five trophies, a feat only equalled by MS Dhoni-led CSK. Though Rohit Sharma has not reacted yet, his wife Ritika Sajdeh has responded to a social media post from Chennai Super Kings. Ritika Sajdeh reacted with a yellow-coloured heart sign to CSK's Instagram post of «2013 — 2023: A decade of spirited challenge! Much respect, Rohit!». Yellow is a jersey colour of Chennai Super Kings. Ace cricket commentator Harsha Bhogle in a post on X said that the move to name Hardik Pandya captain of Mumbai Indians was expected after the Pandya in November moved from Gujarat Titans (GT) to his former franchise Mumbai Indians (MI) in a trade between both franchises. Hardik had led GT to title win in their debut iin 2022 while it finished runners-up in their second season.

Surat International Airport is being denoted as an integral part of the Gujarat city's infrastructural boost. PM Narendra Modi has called it «a major infrastructural upgrade for Surat, boosting ‘Ease of Living’ and ensuring greater commerce for the city and surrounding areas.» It is to be noted that as of now, Surat connects to 14 domestic cities including Delhi, Chennai, Bengaluru, Kolkata, Hyderabad, Goa, Goa Mopa, Belgaum, Pune, Jaipur, Udaipur, Indore, Diu and Kishangarh.

Surat Airport will increase three times once its newly built terminal building is operational, said Sanjeev Kumar, Chairman of the Airports Authority of India (AAI). The AAI Chairman stated this ahead of the new terminal's inauguration by Prime Minister Narendra Modi. PM Modi will be on a day-long visit to Surat on Sunday.

Off the Chennai-Kolkata highway, huge cutouts of Telugu Desam Party president Chandrababu Naidu and his son and party national general secretary Nara Lokesh dot the landscape. Just three months before the Andhra Pradesh Assembly elections, Lokesh is wrapping up his 11-month Yuva Galam padyatra. People line up on the side of the road, some holding representations and hoping to be heard by Lokesh.

A home is in all likelihood the most expensive asset purchase people make during their lifetime. However, when it comes to adequately protecting this asset, we tend to be targets of optimism bias. It is no surprise that home insurance penetration is just about 1% in India. This is in stark contrast to countries like US, UK, France, Australia and China that have home insurance penetration in the range of 90-97%.

Reliance Industries, infrastructure firm Brookfield Infrastructure and Digital Realty have concluded a transaction to set up a three-way joint venture for data centre services, an official statement said on Tuesday. The three companies entered into an agreement in July 2023 to invest in their existing special purpose vehicle Digital Connexion for developing data centres in India.

Hyderabad with a rank of 153, Pune at 154 and Bengaluru in the 156th position are the three highest placed among Indian cities in Mercer's worldwide quality of living ranking for 2023 which rates Vienna in Austria at the top of the list. Chennai is the fourth Indian city in the list at the 161 spot followed by Mumbai at 164. Kolkata (170) and New Delhi (172). Mercer's Quality of Living data assesses the practicalities of daily life for expatriate employees and their families in assignment locations worldwide. Vienna retained its top position in the list, which was last published in pre-Covid 2019.

Rajinikanth's Chennai residence to celebrate his 73rd birthday. Social media platforms were flooded with birthday greetings from Rajinikanth's devoted fans, who shared creative posters and videos to express their affection. Music composer Anirudh took to X (formerly Twitter) to share a post, expressing, «Happy birthday to the emperor Thalaiva @rajinikanth #HBDSuperstarRajinikanth.» Tamil Nadu CM Stalin also extended birthday wishes to the superstar on X, saying, «Happy Birthday to my beloved friend Rajinikanth.

Rajinikanth marked his 73rd birthday on Tuesday, and he continues to be the invincible icon adored by his fans. Shivaji Rao Gaikwad, popularly known as Rajinikanth, has predominantly contributed to the Tamil film industry. Beyond his dedicated fan following, Rajinikanth also holds a special place in the hearts of meme creators on social media.

Tata Power on Monday said its subsidiary Tata Power EV Charging Solutions has inked an agreement with India Oil Corporation Ltd (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, a statement said.