City Chennai Financial News

industrial and warehousing demand in the city increased to 1.8 million sq ft in Q3 2023 from 0.5 million sq ft in the year-ago period. The city was followed by Mumbai, where the demand increased by 128 percent from 0.5 million sq ft last year to 1.2 million sq ft. Pune registered a moderate growth of 22 percent as the demand increased to 1.6 million sq ft from 1.3 million sq ft a year-ago.

‘Cash for Query’ case: Mahua Moitra responds to Darshan Hiranandani's affidavit. Full text Dubey wrote a letter to Lok Sabha Speaker Om Birla and urger for TMC MP's "immediate suspension' from the House alleging that "bribes were exchanged between her and businessman Darshan Hiranandani to ask questions in Parliament in exchange for cash and gifts". The businessman has acknowledged claims that he used the TMC MP's login credentials to pose questions on the Adani group himself.

World Cup 2023, broadcast by Star Sports, has seen a surge of 22 per cent in viewership, marking a significant milestone with over 59 billion minutes of watch-time in first 11 matches. According to company's official statement, the premium audiences have played a substantial role in this surge. Viewers in NCCS A (National Consumer Classification System A) have increased by 40 per cent, while NCCS B has grown by 24 per cent.

Co-living operator Settl., which is managing 3,500 beds across Bengaluru, Gurugram and Hyderabad, plans to enter the Chennai market where it will soon launch 300 beds catering to working professionals.

In the pulsating heart of India’s real estate market, a distinctive trend is reshaping the landscape – the surge in demand for sustainable luxury properties. This surge is not merely a market fluctuation; it’s a response to the conscientious desires of homebuyers, both domestic and international. In the wake of rising disposable incomes, an inclination towards opulent living, and the rapid urbanization of Indian cities, the Indian luxury real estate market is experiencing an unprecedented boom.

Its total income increased to Rs 2,364 crore for the second quarter against Rs 1,833 crore in the year-ago period, Voltas Ltd said in a regulatory filing. The company said its board has approved a proposal to raise up to Rs 500 crore through the issuance of rated, listed, unsecured, redeemable non-convertible debentures (NCDs) on a private placement basis.

Mumbai on Cyclone Tej alert! IMD warns of cyclonic storm in Arabian Sea. When is it expected to hit? Additional protests may occur in the future if the demands remain unmet. Passengers are advised to seek alternative routes to circumvent affected areas.

Brigade Enterprises has concluded the acquisition of a 9.72-acre land parcel in Hyderabad, with the transaction valued at about '660 crore. The acquisition came in the backdrop of an agreement made in August, when the company agreed to purchase the land in Neopolis area at a rate of '68 crore per acre through an e-auction conducted by the Hyderabad Metropolitan Development Authority.

Lalit Patil, the main accused in a multi-crore drug racket who escaped from judicial custody on October 2 while taking treatment in a Pune hospital. Patil's escape had led to the Maharashtra government facing allegations that its ministers from the Shiv Sena were involved in protecting Patil and that the state was turning into another Punjab. Patil was arrested by the Mumbai police from Chennai on Tuesday night and was brought to Mumbai.

metro line project, which Tamil Nadu is very keen on, has moved a step ahead. The Chennai Metro Rail Corporation (CMRL) will soon award a tender for the feasibility study after analysing financial bids from the 11 major firms that have applied to undertake the study, A Chellakumar, the Congress MP of Krishnagiri in Tamil Nadu told ET. This will be south India’s first interstate metro. The 20.5 km metro line has been proposed between the industrial hub Hosur in Tamil Nadu to Bommasandra in Bengaluru.

₹154 crore from 135 employees. The Bengaluru-based company, which also has an account aggregator licence, said the Esop (employee stock ownership plan) buyback has created 62 millionaires. “A total of 135 employees, encompassing both current and former team members from various departments, have gained membership in the Perfios millionaire club through the buyback program," the company stated.

Dolly Khanna portfolio: Shares of Talbros Automotive Components Ltd have delivered stellar return to its shareholders in new financial year 2023-24. This Dolly Khanna stock has surged from around ₹390 to ₹1,140 apiece levels on NSE, delivering to the tune of 200 per cent in last six and half months. However, it seems that Chennai-based investor Dolly Khanna is still finding steam in this multibagger stock.

Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) on Monday said its passenger traffic grew 33 per cent to 1.27 crore in the September quarter. CSMIA had recorded a total passenger volume of 96 lakh for the year-ago period, it said.

Movin, a joint venture between UPS and InterGlobe Enterprises, on Monday, started operations by introducing the second fleet of Electric Vehicles (EV) for its first and last-mile deliveries in Bengaluru, said the brand through its press release. The first fleet was rolled out in Delhi NCR earlier this year. EVs will soon be deployed in Mumbai, Chennai, Hyderabad, Kolkata, and Pune by the end of 2023 as part of its plan to reduce carbon emissions and to align with its long-term sustainability goals, said the company in its statement.

Dolly Khanna portfolio: With the beginning of Q2 results 2023 eason, retail investors are busy scanning portfolio of ace investors as it helps them understand the direction in which smart money has flown in the previous quarter. For such retail investors, there is a piece of stock market news. Ace investor Dolly Khanna has raised stake in one of her portfolio stocks Prakash Pipes.

TCS: A nearly six-month-long probe into the bribes-for-jobs scandal at Tata Consultancy Services Ltd has resulted in crucial suggestions for hiring reforms, along with the sacking of the former head of its resource management group. On Sunday night, TCS disclosed to the exchanges that it had sacked 16 employees and blacklisted six staffing firms. E.S.

Click here! The Chandrayaan-3's lander successfully touched down near the south pole of the Moon on August 23, making it only the fourth country in the world to achieve the feat of reaching lunar surface after the US, China and the erstwhile Soviet Union. The ISRO chief further said, "Now we are telling you people (to) come and build rockets, satellites and make our nation more powerful in space technology. It is not only ISRO, everybody can do it in space.

₹11,520 crore and 120 properties in the top seven cities including Mumbai, Pune, and Chennai. The Department of Investment and Public Asset Management (DIPAM) said, in response to the pre-bid queries from prospective asset valuers of IDBI Bank, that the bank has as many as 68 properties in Mumbai, 20 in Pune, nine in Chennai and seven in Ahmedabad. Besides, it has six properties in Kolkata and five each in Delhi and Hyderabad.

IDBI Bank that the lender has deferred tax assets of Rs 11,520 crore and 120 properties in the top seven cities including Mumbai, Pune, and Chennai. In response to the pre-bid queries from prospective asset valuers of IDBI Bank, the Department of Investment and Public Asset Management (DIPAM) said the bank has as many as 68 properties in Mumbai, 20 in Pune, nine in Chennai and seven in Ahmedabad. Besides, it has six properties in Kolkata and five each in Delhi and Hyderabad. “The intangible on the balance sheet of IDBI Bank primarily comprises deferred tax assets of around Rs 11,520 crore,” DIPAM said. Deferred tax asset commonly refers to overpayment of tax by an entity.

Kane Williamson has been ruled out of the team's immediate World Cup matches with a fractured thumb, but head coach Gary Stead is optimistic the batter will be back in action at some stage of the tournament. After spending nearly seven months on the sidelines with a knee injury, Williamson made 78 not out in his return to action in the team's comprehensive victory against Bangladesh on Friday. The 33-year-old, however, was struck by a throw while running between the wickets during the match, which now makes him uncertain for the tournament. Tom Blundell will travel to India as cover, but Williamson will remain with the team with the hope of being available for the back end of group play next month, New Zealand Cricket said in a statement on Saturday. «Firstly, we're all feeling for Kane to have this occur after all his hard work to return from his knee injury,» Stead said. «While it's disappointing news, the initial diagnosis has given us some optimism he can still feature later in the pool play following a period of rest and rehabilitation. »Kane is clearly a massive part of our side and a world class player and captain — so we'll look to give him every opportunity we can to return in the tournament." Blundell was picked ahead of Henry Nicholls, who suffered a mild side-strain during a Plunket Shield warm-up match the week. «Tom's been with the one-day side on tours to Pakistan and Bangladesh and performed well,» Stead said. «He covers multiple positions in the batting order and his wicket-keeping skills are also an added bonus as a back-up.» The 2019 runners-up have kicked off their campaign for a maiden World Cup title with a hat-trick of victories.

India vs Pakistan, ICC World Cup 2023: India thrashed Pakistan by 7 wickets to register its 8th World Cup victory against the team in a historic rivalry that has been on since 1991. Team India skipper Rohit Sharma is looking splendiferous with his captaincy, his bat, and his biceps. The 2023 edition of the ICC World Cup has been breaking some huge records since its beginning and on Saturday another one was broken as the India vs Pakistan match drew a record number of viewers on streaming platform Disney+ Hotstar.