City Chennai Financial News

ANI, “Due to heavy rain in the region, a holiday has been announced in all the government and private schools in Coonoor and Kotagiri today (24th November)," M. Aruna, Nilgiris District Collector on Friday. The India Meteorological Department (IMD), in a statement on Thursday, forecasted heavy rainfall in multiple districts of Tamil Nadu over the next 48 hours.

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Prakash Raj, famous actor, film director and producer, has been summoned by the Enforcement Directorate (ED) for questioning in connection with a money laundering case linked to an alleged ₹100 crore ponzi and fraud case against Tiruchirapalli-based Pranav Jewellers, PTI reported on Thursday. The summons followed a probe against Pranav Jewellers, a partnership firm, whom the ED had raided on November 20 under the provisions of the Prevention of Money Laundering Act (PMLA) and claimed to have seized "unexplained" cash of ₹23.70 lakh and some gold jewellery.

Ben Stokes recently took part in the ODI World Cup 2023, which he came out of retirement for. “The Chennai Super Kings management is supportive of Ben in his decision to manage his workload with England playing a 5-Test series in India before the IPL and then the T20 World Cup in June 2024," CSK said in a statement. The 32-year-old, who was picked by CSK for a whopping ₹16.25 crore in the last mini-auction, could participate in only two games in 2023 after suffering a toe injury.

IMD said that cyclonic circulations over Tamil Nadu were likely to cause moderate to medium rainfall accompanied by thunder and lightning in Kerala during the next five days. It also said there was a possibility of heavy rains in isolated places in the state between November 22-24.

defeat in the summit clash against Australia. “Our journey from Chennai to Ahmedabad ended in a disappointing result, but we take pride in our achievements over the six weeks. Despite the pain, we're determined to work harder for the next opportunity," he posted on X, formerly known as Twitter.

State Goods and Service Tax Officer, Chennai, conducted a search at its warehouse in the southern city on November 16-17, and a penalty of Rs 1 lakh was imposed for «minor non-compliance». In a regulatory filing, the company said the initiation of search was pursuant to the provisions of Section 67 of the Tamil Nadu Goods and Services Tax Act, 2017.

Sankara Nethralaya in Chennai, he was a beacon of hope in the field of ophthalmology and charitable healthcare. Rama Suganthan, Vice President of the Tamil Nadu Congress, confirmed the passing of Dr Badrinath. He was 83.

NEW DELHI : Purple Style Labs, the parent of luxury fashion omni-channel platform Pernia’s Pop-Up Shop, has secured an $8-million (about ₹66.6 crore) Series-D round led by Sanket Parekh of the Pidilite family office, with participation from Signet, the family office of Harish Shah, Hira Group’s family office and other investors. Existing investors also participated, including Singularity Growth Opportunities Fund I, Neelesh Bhatnagar of NB Ventures, fashion designer Masaba Gupta, and the former partners of Premji Invest, Rahul Garg and Atul Gupta. The company was valued at $352 million for the fundraising.

₹700 crore on our battery assembly plant in Chennai, Tamil Nadu, which will have a capacity of 75,000 battery packs annually in the first phase by 2025," Gopala Krishnan, chief manufacturing officer, HMIL, added. Unsoo Kim, the carmaker’s chief executive in India told Mint that while the world is currently depriortizing an EV transition, it is a temporary phenomenon.

ALSO READ: Tamil Nadu Weather Update: IMD predicts heavy rainfall in THESE districts for next 2 days. Details here "Today, there is a possibility of heavy to very heavy rainfall in Tamil Nadu, Puducherry and Karaikal.

₹66.6 crore) in a series-D funding round led by Sanket Parekh of the Pidilite family office. The funding had been raised at a valuation of $352 million, said Purple Style, the parent company of Pernia’s Pop-Up Shop, a luxury fashion omnichannel platform. The round also saw participation from Signet (Harish Shah’s family office), Hira Group’s family office and other investors.

Sachin Tendulkar, who arrived in Ahmedabad earlier on Sunday to attend the World Cup final between India and Australia, said he was hopeful that the hosts would lift the coveted trophy for the third time in its cricketing history. The final between the two-time champions and the five-time winners will be staged at the Narendra Modi Stadium, which is acknowledged as the biggest cricketing arena in the world. Speaking to reporters on his arrival at the Ahmedabad airport on Sunday, the 'Master Blaster' said, «I have come here to extend my good wishes. Hopefully, the Indian team will prevail against Australia and lift the World Cup for the third time.

India has been unbeaten so far in the tournament. India beat Australia by six wickets in its first match on October 8, 2023, in Chennai.

Kangana Ranaut and R Madhavan are set to enthral audiences with a pan-India psychological thriller. The film's production commenced in Chennai, and Kangana shared the exciting news on X, inviting support and blessings for this unique and mysterious script. «Today in Chennai we started filming our new film, a psychological thriller.

World Cup final on Sunday, November 19. If India wins the final, it will be their second world cup victory on home soil and their third overall. On the other hand, Australia has won the Men's Cricket World Cup on five occasions in the past: in the 1987, 1999, 2003, 2007, and 2015 editions. In the ongoing ODI World Cup, the Rohit Sharma-led side defeated Australia in the league match when the two teams met each other last month in Chennai. Australia started their ODI World Cup campaign with two straight losses, but the journey of the team from Down Under has been a tale of resilience and redemption. Despite stumbling in their initial encounters, the five-time champions regrouped and stormed through the tournament, showcasing their cricketing prowess. Australia won seven consecutive games to reach the semi-final before they defeated South Africa to qualify for the summit clash of the ongoing ODI World Cup.

Isuzu Motors India has inaugurated its new dealership in Tamil Nadu under its plan to strategically expand its network across the country, a top official said. The company, a subsidiary of Isuzu Motors Ltd, Japan has set up its 3S — sales, service, and spares — dealership named Kaveri ISUZU in Tiruchirappalli.

The festive season is upon us, and stakeholders in India’s real estate sector have more than just the holiday cheer to be excited about this year. What has kept the growth momentum going for the second-largest employment sector in the country at a time when global economies are reeling under the impact of geo-political tension?

Realty firm Brigade Enterprises has formed a partnership with Krishna Priya Estates and Micro Labs to develop a housing project in Bengaluru that has an estimated sales value of Rs 2,100 crore. The 14-acre land parcel is located at Yelahanka in North Bengaluru. Brigade Enterprises Ltd has signed a Joint Development Agreement (JDA) with Krishna Priya Estates and Micro Labs to develop around 2 million sq ft of residential project in Bengaluru with a Gross Development Value (GDV) of Rs 2,100 crore, the company said in a regulatory filing on Thursday. «We will create a wonderful residential development worthy of the marquee location. We anticipate the project to yield a revenue realisation of Rs 2,100 crore on completion,» Brigade Enterprises Ltd Managing Director Pavitra Shankar said. The company has been acquiring land outright and through JDAs to expand its business amid strong demand for residential properties. Last month, Brigade bought a 9.71-acre land parcel in Hyderabad for Rs 660 crore to expand its business. In August, Brigade Enterprises acquired a 6.54-acre land parcel in Chennai from Pfizer Healthcare India for nearly Rs 139 crore to develop a residential project. Recently, Brigade Enterprises has reported a 72 per cent increase in its consolidated net profit to Rs 133.50 crore for the second quarter of this fiscal year.

Bay of Bengal off Andhra Pradesh coast by the morning of 16th November. As a result of the low pressure area, heavy to very heavy rainfall was observed at isolated places over coastal Tamil Nadu, Puducherry and Karaikal. And the coasts of Odisha and West Bengal are likely to rains on 16th & 17th November. «Chennai is drenched with a whopping 19 cm of rain! Other places like Velankanni received 12cm, Kodiayakarai 11cm, Karaikal 11cm and Ambathur recorded 9cm of rain,» the IMD tweeted.

Pfizer Inc. is cutting 500 jobs at its Sandwich, Kent site in the UK as part of a cost-cutting effort, a report by Sky News said on Tuesday.