City Chennai Financial News

₹2,139.00 apiece on the BSE. MCX stock price is tad below its 52-week high of ₹2,139.95 hit on September 29, 2023. After several delays, the largest commodity bourse in the country, MCX, on Sunday, received approval of the SEBI Technical advisory committee to go live with its commodity derivative platform (CDP).

PTI. According to the SOP issued by the BMC, the entire process will be video-graphed. The AIIMS Bhubaneswar had received 162 bodies of which 81 were handed over to the family members of the deceased in the first phase.

KL Rahul and Virat Kohli helped guide India to a six-wicket win over Australia on Sunday at Chennai's Chepauk stadium. Despite hitting the winning run with a six and bagging the man of the match award for his unbeaten 97 off 115 balls, Rahul has a small regret. He could not bring up his hundred.

Safir Anand has been tweeting furiously complaining about mismanagement in sales of tickets for the ongoing Cricket World Cup. Scores of others joined him on Sunday when the high-profile India-Australia match in Chennai witnessed thin spectator attendance despite no ticket being available online. «I have seen world cup matches across the world.

₹753 crore had been credited into his Kotak Mahindra Bank account. However, the Kotak Mahindra Bank branch in Teynampet, where the pharmacy worker has the account, froze it, saying the erroneous deposit was due to a technical glitch. Mohammad Idris (30), the pharmacy worker has been staying in the Teynampet area for the last 10 years.

India in their opening match against Australia was able to achieve the target of 200 runs in the ICC World Cup 2023 on Sunday held in M A Chidambaram Stadium, Chennai. India's star batter Virat Kohli and Wicket Keeper KL Rahul restored the country's hope for a win. The duo had a partnership of over 150 runs. After the end of his magnificent knock, Virat Kohli departed from the field after scoring 85 runs. On the other side, KL Rahul was short of 3 runs before he could add another century to his list.

KCP Ltd has handed over the integrated air drop test — crew module structure to ISRO for its ambitious Gaganyaan mission, the company said on Sunday. The Heavy Engineering Unit of the Chennai-based KCP Ltd received an order from the Bengaluru-headquartered ISRO for the fabrication of two IADT Crew Module structures meant for the demonstration of its technology preparedness levels before the maiden human space flight programme.

World Cup 2023 opening match. Australia's captain Pat Cummins won the toss and elected to bat Chennai's M A Chidambaram Stadium. Both the team had to make a few changes due to injuries and health issues of some key players. With opener Shubman Gill down with dengue, left-handed Ishan Kishan was drafted in to open the innings with skipper Rohit Sharma. For Australia, Travis Head is recovering from a hand fracture while all-rounder Marcus Stoinis is also not playing the match due to a hamstring injury. «We're in a really good spot, we've got a good balance between game time and being fresh,» Cummins said. «We've covered all our bases,» Rohit said at the toss. «Unfortunately, Shubman didn't recover in time. Ishan will replace him.» Two-time champions India picked both Kuldeep Yadav and Ravichandran Ashwin in a three-pronged spin attack that also includes all-rounder Ravindra Jadeja.

Multi Commodity Exchange of India (MCX), India’s largest commodity derivatives exchange, on October 8, received approval from the Securities and Exchange Board of India (SEBI) Technical Advisory Committee to launch a new web-based commodity derivatives platform (CPD). «SEBI Technical Advisory Committee has recommended that MCX and MCXCCL may Go-Live with the CDP and to intimate SEBI regarding the proposed date for Go Live,» MCX said in an exchange filing. «Accordingly, SEBI has withdrawn its directions to MCX and MCXCCL to keep the proposed Go-Live of CDP in abeyance,» it added. The approval comes after the SEBI had on September 29 asked the company to put on hold the proposed go-live of its new commodity derivatives platform planned for the first week of October. Earlier, MCX had said that its commodity derivatives platform would go live on October 3. The above action had been taken by the market regulator in view of the writ petitions filed by Chennai Financial Markets and Accountability (CFMA) on CDP. Shares of India's largest commodity exchange, the Multi Commodity Exchange, rallied 4.6% to Rs 2,039 on Friday's trade. On a year-to-date basis, the stock has surged 40%, while it has rallied over 55% in the past one year. As per Trendlyne data, the average target price of the stock is Rs 1,811, which indicates a downside of 11% from the current market prices.

India: Rohit Sharma, Virat Kohli, Shreyas Iyer, KL Rahul, R Ashwin, Jasprit Bumrah Australia: David Warner, Mitchell Marsh, Steve Smith, Glenn Maxwell, Pat Cummins The MA Chidambaram Stadium in Chennai has a history to benefit spinners as the wicket gets slower with time. As per details, in the past 31 ODIs played on this pitch, the team batting first and second have won 15 games each while one game has ended in a tie.

MA Chidambaram Stadium in Chennai as the storied ground got ready to put on a show. When India take on Australia in their opening match of the tournament today, the organisers will be hoping this is indeed the day in which the World Cup comes alive. The World Cup has come to India after 12 years and around the traps, people have commented that the buzz is simply not the same as 2011.

(This story originally appeared in on Oct 06, 2023)

urbanisation, infrastructure development and housing affordability is expected to push growth of real estate development across key tier II cities including Bhubaneswar, Coimbatore, Indore, Jaipur, Kochi, Lucknow, Nagpur, Surat, Thiruvananthapuram, and Visakhapatnam. A joint study conducted by Cushman & Wakefield and the Confederation of Real Estate Developers' Associations of India (CREDAI), has identified 17 cities across India based on healthy traction in overall real estate development, organised retail penetration, and mature residential market development. Of these cities, the cities mentioned above have been identified as the 10 emerging cities that hold the highest potential for growth in the foreseeable future. The cities have been selected based on indicators pertaining to population, infrastructure, talent pool, income, and ease of living, among several factors. While Delhi NCR, Mumbai, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad continue to be the key 8 real estate markets, the study anticipates that these 10 tier-II are soon going to add more power to the India-growth-story. “As India continues its remarkable journey of economic growth and witnesses a higher rate of urbanization, we anticipate newer cities to fuel the future growth of the commercial real estate market.

₹300-1,000 on airfares due to the steep rise in jet fuel prices, the airline said. The surcharge will be added to airfares booked from 6 October onwards. “The decision follows the significant increase in aviation turbine fuel (ATF) prices, which have surged in the last three months with consecutive price hikes every month," the airline said.

ICC World Cup 2023 tournament begins, Indian cricket star Virat Kohli has made a special request to his friends: Don't ask for tickets. It is natural for cricketers to be inundated with requests for tickets especially when the tournament is being organized in India.

New Delhi: In a bid to strengthen direct connectivity between India and Uganda, the state carrier Uganda Airlines plans to offer direct flights to Delhi and Chennai. The move aims at tapping the demand potential across the Indian community with trade links in Uganda along with leisure traffic, a senior executive at the airline told Mint in an interaction. The airline will launch its first direct flight with the Indian market on 7 Oct with a direct flight between Mumbai and Entebbe.

agreement for an alliance involving MG Motor India, the Economic Times reported quoting sources. Morris Garages, is a fully-owned subsidiary of China-based SAIC. Legal documentation is on and a formal statement is likely around Diwali, the report said.

Polymatech Electronics, India’s first opto-semiconductor chip manufacturer, has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise funds through an initial public offering (IPO). According to the draft papers, the company’s offering comprises a fresh issue of equity shares (face value Rs 10 each), aggregating to an issue size of up to Rs 750 crore, through book building route. There will be no offer-for-sale component. Polymatech Electronics proposes to utilise its net proceeds from the issue to purchase new machinery to enhance its existing facility at Oragadam, Kancheepuram, Tamil Nadu. Headquartered in Chennai, Polymatech commenced its journey of designing and producing opto-semiconductor chips in 2019, using the latest European and Japanese technologies. The company is led by Eswara Rao Nandam, Managing Director and an alum of BITS Pilani, with more than three decades of experience in the manufacturing and assembling sectors in electronic components, automobile components, personal electronics and robotics. The company designs, develops, tests and manufactures its opto-semiconductor chips in-house at its state-of-the-art facility located at Oragadam, Kancheepuram, Tamil Nadu.

Cricket enthusiasts all over the world are waiting with bated breath for the first match of the ICC Men’s Cricket World Cup, which commences today. Tech giant Google, commemorated this event with an animated doodle. The cartoon showcases two adorable ducks marching between the wickets, bats in their hand. On clicking the doodle, you will be directed towards the tournament schedule.

PTI reported, “Income Tax Department conducts searches at over 20 premises linked to DMK MP S Jagathrakshakan in Chennai." (This is a developing story)"Exciting news! Mint is now on WhatsApp Channels

Also Read: ICC World Cup 2023: Zaheer Khan predicts four semi-finalists— England, India, Pakistan, Australia Meanwhile, only four teams will progress to the knockout stage, which consists of two semi-final matches and one cup final in Ahmedabad. The tournament will be played all across India, at stadiums in Ahmedabad, Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Kolkata, Lucknow, Dharamsala and Pune.