City Chennai Financial News

₹ 59043 per 10 gm on Multi Commodity Exchange (MCX). MCX Gold for October 5 delivery went on to hit an intraday high of 59056, and a low of ₹59017.

climate change. The Chennai High-Level Principles for a Sustainable and Resilient Blue Economy focus on keeping our oceans healthy. A global ecosystem for clean and green hydrogen will emerge from our presidency, along with a Green Hydrogen Innovation Centre.

renewable energy components, industry stakeholders have suggested that a production linked incentive scheme for components and sub-components makers in the wind energy would boost the sector. Speaking at a press briefing here, Amit Kansal, CEO and MD of Senvion India, said that if PLI scheme is implemented for components and sub components manufacturers, it will ensure scaling up of the manufacturing capacities installed. “The government of India’s scheme will also help in job creation and will give a boost to initiatives like 'Atmanirbhar Bharat' and 'Make In India'," Kansal added.

Ashok Leyland Executive Chairman Dheeraj Hinduja said on Wednesday. The Hinduja Group flagship Ashok Leyland is the second largest commercial vehicle manufacturer in the country.

wind energy component and sub-component manufacturers will help scaling up installed manufacturing capacity in the country, said an industry expert.

financial services company based in Chennai which was launched in the year 2020, to democratize finance and make it accessible to all, is all set to shift gears as they are preparing to launch their Fintech app. Finfortune is leaving no stone unturned working towards the launch of their Fincover app, a cutting-edge fintech application that is set to redefine the way you manage your finances. Packed with innovative and punchy features, the Fincover app empowers you to take control of your financial future like never before.

₹66.35 crore from this initial offer. Data on NSE shows retail individual investors subscribed 84.5 crore shares of the company while qualified institutional buyers (QIBs) bought 13.53 crore shares of the company in the IPO out of which foreign institutional investors(FIIs) bought 4.99 crore shares of the company and domestic financial institutions bought 1.66 crore shares. The remaining shares (6.88) in the QIB segment were bought by 'others'.

₹1 lakh to FMCG major ITC. A Chennai-based consumer forum directed ITC Limited to pay ₹1 lakh for packing one biscuit less in a 16-biscuit "Sun Feast Marie Light" pack. A Chennai-based resident bought ‘Sun Feast Marie Light’ biscuits to feed stray dogs.

Sanatana discrimination," the junior Stalin was quoted as saying. Unfazed by the widespread opposition and emphasizing the stance of the Dravida Munnetra Kazhagam (DMK) on Sanatana Dharma, Udhayanidhi Stalin said he would repeat his remark again. “I will again and again, talk on the issue that I spoke at the event on Saturday.

₹112,419.33 per kilolitre, marking a 14.12% increase from August’s ₹98,508.26. The same trend was observed in other major cities like Mumbai, Kolkata and Chennai. This recent surge in airline fuel prices is the highest seen since December 2022.

Fresh graduates will also be hired for call centre jobs, it said. Currently, Access Healthcare has 22,272 employees at its six centres in the country — Chennai, Coimbatore, Mumbai, Pune, Noida, and Thiruvananthapuram. The new recruitments are for all centres, it added. «This expansion underscores our commitment to leading the healthcare sector into a future defined by technological excellence,» Access Healthcare Founder and Vice Chairman Vardhman Jain said. Every hire is a strategic stakeholder in the company's vision, and the professionals will get opportunities to learn, develop, and grow in their careers, he added.

₹1,000 crore and an Offer For Sale (OFS) of 90 lakh equity shares by existing shareholders. ALSO READ: Rishabh Instruments IPO: Latest GMP, how to check allotment status online The OFS consists of the sale of 42.36 lakh equity shares by Blue Chandra Pte Ltd, up to 24.78 lakh equity shares by Goldman Sachs Investments Holdings (Asia) Ltd, up to 15.47 lakh equity shares by GTI Capital Alpha Pvt Ltd, and up to 7.39 lakh equity shares by International Finance Corporation. It is a partial exit by the existing shareholders to meet the listing regulations.

Coherent Corp, a Pennsylvania (US) based manufacturer of electronics, and instrumentation devices, on Tuesday said it has entered into a memorandum of understanding (MoU) with Guidance Tamil Nadu and IIT Madras Research Park (IITMRP) to start its first global centre of excellence (COE) in Taramani, Chennai. The centre will be located on the IITMRP campus and focus on research and development (R&D) of products and services used in lasers, optical networking components and systems, EV batteries, and compound semiconductor devices for the markets supported by mobile, intelligent, and electric applications.

DLF share price rose over 2% to touch a new 52-week high on Tuesday's session after the real estate giant was reported to have a pipeline of residential project launches worth close to ₹20,000 crore planned throughout the nation for this fiscal, according to moneycontrol's news report. DLF share price opened at intraday low of ₹514.05 apiece on BSE and touched an intraday high of ₹525.75. Aakash Ohri, joint managing director and chief business officer at DLF, told Moneycontrol that the company has a residential launch pipeline worth close to ₹20,000 crore that is spread out among Gurugram, Panchkula, Chennai, and Mumbai.

Udhayanidhi Stalin in Chennai. Stalin had received a threat from Ayodhya seer Paramhans Acharya who announced a reward of Rs 10 crore for beheading the Tamil Nadu Minister over his remarks on 'Sanatan Dharma'. In response the Tamil Nadu minister while speaking to DMK cadre in Thoothukudi said that he was only following the way set by Karunanidhi and Periyar. «The same situation happened to Karunanidhi too where a saint said before that if some one chops off Karunanidhi's head he will be rewarded one crore rupees. What Karunanidhi said was, even if you give 100 crores I can't even comb my hair.

₹56 lakh in the secondary market. While social media users have been making such claims for some time now, when we checked it ourselves, we found some of the tickets being sold on Viagogo for a whopping ₹57,62,676. There are many other tickets available in the range between ₹18 and ₹22 lakh.

₹ 59,347per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 59,384, and a low of ₹59,336. Around 9.10 a.m., MCX Gold for October 5 delivery traded 0.05% per cent lower at ₹59364 per 10 grams.

onion from its buffer stock has been released in the wholesale markets in 12-odd states and Union territories at prevailing rates in the last three weeks to arrest rising retail prices of the key kitchen staple. National Cooperative Consumer's Federation of India Ltd (NCCF) and National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) have been mandated to sell buffer onion in wholesale and retail markets.

Shah Rukh Khan’s upcoming film Jawan has seen a robust momentum in its advance bookings so far. Over 7 lakh tickets of the action-thriller film excluding blocked seats have been sold as of Monday.

Marine equipment and spare parts supplier Maritronics India on Monday announced its foray into specialised equipment manufacturing for the defence sector.

SME IPO of Basilic Fly Studio is receiving a stellar response from investors with the overall subscription at 110 times on the second day of the bidding process. The issue, which opened on September 1, comprises fresh equity of up to Rs 60.5 crore and an offer for sale (OFS) of 6 lakh shares. The company plans to raise about Rs 66 crore from the IPO, which closes tomorrow. According to NSE data, the issue has received bids for 56 crore shares worth Rs 5,507 crore on the second day against just 50.96 lakh shares on offer. Basilic Fly Studio is a visual effects (VFX) Chennai-based studio with subsidiaries operating in Canada and the UK, which specialises in creating visual experiences that captivate audiences around the world. It holds proficiency in the VFX industry and has delivered high-quality VFX solutions for movies, TV, net series, and commercials. According to market sources, the company's shares are commanding a huge premium of Rs 270 in the unlisted market. The company is offering shares for a price band of Rs 92-97 apiece, and investors can bid for 1,200 shares in 1 lot. About 50% of the offer is reserved for qualified institutional buyers, 15% for non-institutional investors and the rest 35% is set aside for retail investors. For the year ended March 2023, the company has recorded revenues of Rs 78.95 crore and net profit of Rs 27.74 crore. The net proceeds from the public offer will be used to set up a studio in Hyderabad, adding infra to strengthen existing facilities and general corporate purposes. GVR Capital Advisors is acting as the lead manager for the issue, while Purva Sharegistry is the registrar. The final allotment will likely be made on September 8.