City Chennai Financial News

₹59,222 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 59,240, and a low of ₹59,222. Around 9.10 a.m., MCX Gold for October 5 delivery traded 0.07 per cent lower at ₹59240 per 10 grams.

Reliance Jio on Tuesday launched its fixed wireless access (FWA) device — Jio AirFiber — in eight cities — Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune, just over a month after rival Bharti Airtel introduced its own device in two cities, as both telcos make initial attempts at monetising their 5G services. «Our extensive fiber-to-the-home service JioFiber, already serves over 10 million customers...With JioAirFiber, we are expanding our addressable market to rapidly cover every home in our country with similar quality of service,» Akash Ambani, chairman of Reliance Jio, said in a statement. A fixed wireless device uses radio frequencies instead of cables/fibres to provide fixed broadband access, using technologies like 5G. Simply put, these are portable broadband devices, much like dongles but with better coverage and speeds. The Jio AirFiber service has been launched with multiple plans ranging from 30 Mbps speeds to 1000 Mbps speeds, all available in blocks of six months and 12 months, the telco said in the statement. The plans are available in two buckets — Jio AirFiber and Jio AirFiber Max.

India Global Capability Centres (GCCs) of New York-headquartered telecommunications conglomerate Verizon grew 15% last year, Sowmyanarayan Sampath, CEO of Verizon Consumer Group said on Tuesday at a press briefing. Verizon Consumer Group in 2022 contributed $105 billion in revenue to the company’s overall revenue of $136 billion. As per Investopedia, Verizon is the second largest provider of cellular service in the US that provides communications, information, and entertainment products and services worldwide to consumers, businesses, and government organizations through its consumer and business segments.

Cowrks, a flexible and managed office provider backed by Brookfield Asset Management, is set to expand its presence across major cities by opening new centres within large office campuses owned by the fund, said its senior vice president Parul Thakur. The company plans to open six new centres with 3,600 seats in Pune, Mumbai, Bengaluru and Chennai by the end of 2023, catering to increasing demand for a hybrid work model among large corporations, she said. “Since the acquisition, the focus was more on stabilising assets than expanding. We turned EBITDA positive mid-last year and will be adding newer properties within our business parks but will be mindful of expansion.

Reliance Jio, AirFiber, was launched on the ocassion of Ganesh Chaturthi on Tuesday. So far, the service will be active in eight cities. Jio AirFiber also offers subscription of popular OTTs like Netflix, Amazon, Hotstar, etc on selected plans.

Reliance Jio, on Tuesday, launched its Jio AirFiber services. In its initial stage, the service will be live in eight cities including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Mumbai and Pune. "With JioAirFiber, we are expanding our addressable market to rapidly cover every home in our country with similar quality of service.

₹1 crore was recovered at Chennai airport on Tuesday. The Central Industry Security Force (CISF) recovered 2 kg of unclaimed gold left at the airport.

NEW DELHI : Planning to fly during the festival season? Prepare to shell out a lot more this year. Airfares for the Navratri season on some routes have doubled compared to the levels seen last year as well as in the pre-covid year of 2019, while fares in other routes remain elevated, data from travel portal Ixigo showed. Average fares for a Bengaluru-Kolkata flight during the second half of the Navratri period have shot up to over ₹14,000 from nearly ₹7,000 in the same period a year ago.

₹155.65 crore. AirAsia India flies over 50 direct and over 100 connecting routes across 19 destinations in India including Bengaluru, Delhi, Kolkata, Mumbai, Kochi, Chennai, Hyderabad, Pune, Bhubaneswar, Visakhapatnam, Imphal, Guwahati, Goa, Jaipur, Lucknow, Surat, Bagdogra, Ranchi, and Srinagar.

Apprenticeship. The stipend is expected to range from Rs 12,500 to Rs 13,300 per month. One of the significant factor contributing to this growth is the extension of the Production-Linked Incentive (PLI) scheme for the automotive sector. Originally scheduled to run from 2022-23 to 2027-28, this scheme's extension promises to usher in a new era of growth and increased employment opportunities within the sector. The data has been gathered after a careful assessment of industry relations and an in-depth understanding of the apprenticeship market's demand dynamics. The anticipated boom in apprentice recruitment can be largely attributed to the sector's robust performance, which is influenced by macroeconomic factors and positive industry sentiments across all its segments. To meet the demands of the industry, upskilling and re-skilling initiatives have become a very important factor. Due to the dynamic nature of the industry, pursuing degree-linked apprenticeships in the automotive sector are emerging as a solution, offering access to sought-after roles such as Automotive Service Technicians, Assembly Line Operators, and Shopfloor Engineers. This is being done to align with technological transformations such as EVs and connected-car technologies. This trend is evident in various regions, including the states of Gujarat, Uttarakhand, Madhya Pradesh, and metropolitan cities like Pune, Chennai, and Bengaluru.

data center major Colt DCS is looking to invest over $1.3 billion in India to develop hyperscale and enterprise solution data center campuses over the next 3-4 years, said a top official of the company. The London-headquartered company is looking to develop two campuses including one in Mumbai region and one in Chennai as per its India growth plan to begin with and in other key cities of the country in the years to come. For the Mumbai region project, the investment amounts to $115 million in the first phase, and the overall estimated investment for this campus stands at around $750 million. «Colt DCS' entry into the Indian market reaffirms our commitment to become the leading customer-centric data centre operator in the industry. Our strategic expansion is only set to continue with new sites expected across the country as we look to provide high quality data centre services,” Niclas Sanfridsson, CEO, Colt DCS, told ET. In Navi Mumbai’s Airoli locality, the company is setting up a 120 MW hyperscale data center spread over 15 acres.

DLF plans to enter the wellness segment with the launch of 'Thrive' brand of fitness centres across its office complexes and shopping malls, said a senior executive at the property developer. The company has opened a fitness centre in Cyber Park, Gurugram, and plans to open a similar one in Chennai. «These will be company owned and operated centres and we plan to open 3-4 more centres by next year.

Larsen and Toubro, has sold out all the homes in the first phase of its maiden residential project in the city, the company said on Sunday. L&T Realty is engaged in the construction of Avinya Enclave in Manapakkam and the residential project is spread over seven acres. The first phase comprises four towers — 500 apartments with a mix of two, three and four-BHK residential units.

General Datatech (GDT) said it may start selling its products to clients in India in a couple of years. The company which runs operates out of Bengaluru in India currently serves only US clients. «While we don't do much business with Indian companies yet, our operations here contribute to about 30% of our global revenue,» group CEO Shawn O'Grady told ET. That may rise to 40% in the next couple of years, he added.

United Telecoms Ltd filed by one of its operational creditors. This is the second such observation from the Chennai bench of the insolvency appellate tribunal this month, after declining to entertain the petition from operational creditors. Earlier, it had refused to entertain an insolvency petition against Wipro Ltd after observing that the bankruptcy law cannot be used as a means to recover debt against solvent companies. Again, while rejecting a plea against United Telecoms last week, a two-member bench comprising justices M Venugopal and Shreesha Merla said: «Time and again, the apex court in a catena of judgments held that the IBC is not a 'recovery mechanism'. The appellate tribunal upheld the order by the Bengaluru bench of the National Company Law Tribunal (NCLT), which had dismissed the plea moved by an operational creditor claiming a default of Rs 8.46 crore against United Telecoms Ltd, which is an ICT and social infrastructure company. According to the petitioner, it had entered into a settlement agreement with the company on its request and had signed an MoU (memorandum of understanding).

Standard Chartered Bank has inaugurated its private banking centre in the city, the over-century-old bank said on Saturday. This Private Banking Centre is the fifth after Bengaluru, New Delhi, Kolkata, and Mumbai. Aimed at serving high net worth and ultra-high net worth clients, the Private Banking Centre offers products, advisory, and insights to manage, grow, and protect personal and business wealth. «Being one of the oldest global banks in India, we have relationships across multi-generations and therefore we can focus both on a traditional approach while offering bespoke, objective, and holistic advice supported by an open architecture platform,» said the Bank's Managing Director and Head Affluent, Private Bank and Branch Network, Nitin Chengappa. «We are excited to open our new private banking centre in Chennai.

National Investigation Agency (NIA) conducts raids at 30 locations in both Tamil Nadu and Telangana in ISIS Radicalization and Recruitment case. The raids are underway in 21 locations in Coimbatore, 3 locations in Chennai, 5 locations in Hyderabad/Cyberabad, and 1 location in Tenkasi.

Love was in the air when 'Jawan' director Atlee and actor Vijay Sethupathi joined Shah Rukh Khan at an event here to celebrate the film's success and went on to proclaim their admiration for the Bollywood superstar. The Tamil filmmaker, who made his Hindi cinema debut with the blockbuster film, said if he had to describe 'Jawan', he would call it «a love letter of mine to Mr SRK». Sethupathi's Kaali may have been the chief antagonist in the film, but the actor was full of praise for the director, the team and especially for Shah Rukh. He said he got many calls from people in Chennai, saying they could not get tickets for the first day, first show of the movie. «They love him so much but then it is not a surprise for me because SRK the name is enough.

Deepika Padukone on Friday said she never thought about the length of her role in Shah Rukh Khan-starrer 'Jawan' as she has a lot of love for the actor and would always be there for him. Deepika, who made her debut opposite Shah Rukh in 'Om Shanti Om' in 2007 and has collaborated on films like 'Chennai Express', 'Happy New Year' and 'Pathaan', had an extended cameo as Aishwarya Rathore in the Atlee directorial, which has become a blockbuster at the ticket window, raising close to Rs 700 crore in worldwide gross. At the film's success press conference, SRK joked that he and Atlee «fooled» Padukone into believing that she had a cameo in the film when she was one of the main characters. «Deepika is feeling the most awkward, I will tell you why, because she feels, „main to dosti me chhota so role karne aa gayi thi', but between me and Atlee, we fooled her and shot a full length movie with her. “When she saw the film she was like, 'Oh I am one of the main characters'… but thank you Deepika from the bottom of our heart for being part of this film,» he said, calling the actress «a family». Padukone said the team of 'Jawan' approached her with the part when she was shooting for Nag Ashwin's 'Project K', now titled 'Kalki 2898 AD', in Hyderabad. «They narrated the whole story to me and told me this very important part of Aishwarya and for me, it was not about the length of the role.

visa interviews in India, the US consulate in Frankfurt has set aside specific interview appointments for Indian applicants. According to the State Department's website, the wait times for B1/B2 visa interview appointments in India have reached staggering durations, with 441 days in Hyderabad, 486 days in Chennai, 526 days in Delhi, 571 days in Mumbai, and 607 days in Kolkata. In stark contrast, the wait time in Frankfurt is a mere three days. To alleviate the backlog and cater to the increasing demand, Indians were granted the option to apply for visas at US consulates outside India, such as in Bangkok. Over the past year, various measures have been implemented to reduce the extensive waiting period, which had peaked at nearly three years last winter. Despite these efforts, applicants have encountered issues with a new scheduling portal for non-immigrant visa interviews in India. A US embassy official has told TOI that attempts are being made to resolve these issues «as quickly as possible». During recent discussions between the US embassy and Indian authorities, three key issues were addressed: visa wait times, technical problems with the scheduling portal, and concerns related to student visas.

Indian Railways will be rolling out the first version of Vande Bharat sleeper trains soon. According to details revealed by BG Mallya, the General Manager of Integral Coach Factory (ICF), "Sleeper coach of Vande Bharat will be rolled out in the current financial year where the first train is under production and will be rolled out in March 2024". The Vande Bharat sleeper trains will be a significant addition to the Indian Railways fleet, as they will allow passengers to travel long distances on these high-speed trains overnight.