City Chennai Financial News

22.08 / 06:39
Remark Porsche Porsche explores local assembly of Cayenne in India amidst soaring demand: Report
₹88 lakh to ₹1.84 crore ex-showroom. The 2023 Porsche Cayenne facelift and Cayenne Coupe facelift were officially introduced to the Indian market in July.
22.08 / 01:59
Citi Landmark Celebrity social events Madras Day 2023: From food walks to bike rides, here are 5 events to celebrate this special day
1) Heritage walks: Heritage walks are one of the most important part of celebrations of Madras Day, allowing the participants to visit the historical landmarks, colonial-era buildings and cultural hotspots in the historical city. According to a report by The Hindu, a heritage walk by architect Tirupurasundari Sevvel will be held today at 5 pm.
21.08 / 19:19
UPS MET film Actor show star Rajinikanth gets trolled for touching CM Yogi Adityanath's feet
Yogi Adityanath at his official residence in Lucknow. Before the meeting, Rajinikanth touched Yogi Adityanath’s feet. Soon after the video of Tamil superstar’s exchange with Yogi Adityanath went viral, it has caused a furore amongst Tamil movie fans.
21.08 / 17:37
Citi Celebrity Inside concert dance Madras Day: 22 August, know history and significance
Themadrasday.in, “Madras Day was an idea that three people put together – the city’s famed historian, S. Muthiah, journalist Sashi Nair and publisher Vincent D’ Souza. Later, they have been joined by three others – senior journalist and editor Sushila Ravindranath, journalist and website entrepreneur Revathi R and entrepreneur and writer-historian V.
21.08 / 17:25
Booking classical chess Chess World Cup: Praggnanandhaa shocks Caruana, meets Carlsen in final
Praggnanandhaa stunned world No.3 Fabiano Caruana 3.5-2.5 via the tie-break in the semifinals of the FIDE World Cup chess tournament here on Monday. After the two-game classical series ended 1-1, the 18-year-old Indian prodigy outlasted the highly-rated American GM in a battle of wits in a nerve-wracking tie-breaker. This thrilling encounter of mental prowess saw Praggnanandhaa triumph over his opponent. «I didn't expect to play Magnus in this tournament at all because the only way I could play him was in the final, and I didn't expect to be in the final… I will just try to give my best and see how it goes,» said Praggnanandhaa after the match. Praggnanandhaa will now take on Norway's Magnus Carlsen in the final. Earlier, Praggnanandhaa beat compatriot Arjun Erigaisi 5-4 in a sudden death tie-break to book a place for himself in the semifinals on Thursday. The Chennai lad is going to be the only other Indian other than five-time world champion Viswanathan Anand to compete in the Candidates. Praggnanandhaa had orchestrated one of the biggest upsets of the FIDE World Cup after he eliminated American grandmaster Hikaru Nakamura in the tiebreakers. «Pragg goes through to the final! He beats Fabiano Caruana in the tiebreak and will face Magnus Carlsen now.
21.08 / 14:07
Lowe's Platform Limelight blues Mithun Sacheti's Rakesh Jhunjhunwala connection and his journey from Jaipur Gems to CaratLane
Mithun Sacheti founded online jewellery selling platform CaratLane in 2008 along with Srinivasa Gopalan. On Saturday, he scored one of the most successful exits by an Indian consumer internet entrepreneur when he sold his 27% stake to watchmaker Titan for Rs 4,621 crore. Sacheti, 44, first brought the Tata group company in as a shareholder in 2016, when an existing investor, New York-based investment fund Tiger Global, sold its 62% stake in CaratLane to Titan in a deal that valued the startup at Rs 536 crore.
21.08 / 03:17
Man Assurant stage NEET row: ‘It's a murder’, DMK youth wing holds Govt responsible for NEET aspirant's death
NEET exam abolition in the state, according to a report published by the news agency ANI. Addressing a valedictory function at the one-day hunger strike staged by the DMK youth wing and doctors over the demand seeking exemption of the state from the central exam, Stalin questioned the Governor’s authority in the matter. “Tamil Nadu Governor RN Ravi has got so much arrogance.
20.08 / 17:49
Mobile performer What is the taxation on rental income?
I want to rent out my 1-bhk house and plan to move into a 2-bhk apartment taken on a higher rent. What will be the tax implication on this? —Name withheld on request The taxability of income earned by you from let-out residential house property and the tax deductions available towards rent paid, are dealt under separate provisions, under the Indian income-tax laws.
20.08 / 17:35
COST UPS Gap Strategy Pool country Deal Financial Why governments need a well-diversified financial system to deal effectively with natural disasters
risk exposure also increases. Natural disasters can cause massive damage to assets and investments in vulnerable areas. According to reinsurance company Munich Re, the total uninsured losses due to disasters in 2022 are estimated to be around $270 billion while insured losses are projected to be approximately $120 billion.
20.08 / 11:49
UPS Citi Manufacturing country Real estate developers closed 59 land deals for 2,018 acres so far this year: Anarock
PTI, Anarock affirmed that the real estate developers are aiming at business expansion and tapping into the high demand for residential and commercial properties in the post-pandemic period. "Our latest research indicates that as many as 59 separate land deals for over 2,018 acres have been closed across the country between January to August 2023," Anuj Puri, Chairman of Anarock, said. The real estate consultant added that the land parcels are increasingly being used for setting up manufacturing units and hospitals.
19.08 / 10:49
Facebook UPS Aware Remark social SC quashes TN MLA's petition over derogatory Facebook post, says 'should face consequences’
Tamil Nadu MLA S Ve Shekher who is facing cases for sharing a Facebook post in 2018 allegedly containing derogatory remarks against women journalists. The Supreme Court bench of Justices B R Gavai and P K Mishra dismissed Tamil Nadu MLA S Ve Shekher's petition.
19.08 / 07:41
Waters Mobile Orange track exclusive blues New orange Vande Bharat Express makes its debut on the track; here's an exclusive first look
Vande Bharat Express, donned in vibrant orange-gray livery, has commenced its journey at the Integral Coach Factory (ICF) in Chennai. This marks the 31st Vande Bharat Express train to be introduced by ICF. A few weeks ago, Railway Minister Ashwini Vaishnaw paid a visit to the coach factory, where he was seen inspecting the in-progress orange-themed Vande Bharat Express.
19.08 / 04:23
Facebook Remark Arrow Actor social NOT Apology will not be enough to avoid criminal proceedings for social media posts: Supreme Court
social media and an apology will not be enough to waive criminal proceedings, the Supreme Court on Friday ruled. Dismissing the petition against actor and former Tamil Nadu MLA S Ve Shekher for sharing a post which made indecent remarks against women journalists, the court said that one has to be very careful while using social media. The 72-year-old actor had shared a post on Facebook which he later deleted after realising the mistake.
19.08 / 02:55
Waters Manufacturing Mobile Orange Features Vande Bharat trains to get new orange exterior and enhanced features today
Vande Bharat Express trains will have eight coaches and comfortable reclining seats. Besides, the new trains are expected to have extended footrests for Executive Chair car class coaches, better access to mobile charging points, and improvements in the basin to prevent water splashes. In addition to this, passengers will also be able to experience better toilet lighting, touch-sensitive reading lamps, and advanced roller blind fabric.
18.08 / 08:52
UPS FIVE track Chennai-Bengaluru train travel to get faster as Railways approves speed increase to 130 kmph
Indian Railways has approved an increase in train speeds between Arakkonam and Jolarpet, reducing travel time between Chennai and Bengaluru, among other destinations. Following upgrades to tracks and signals, trains on this 144-kilometer stretch will now operate at speeds of 130 km per hour (kmph), up from the previous 110 kmph. As per a TOI report, this acceleration is anticipated to cut travel time by approximately 20 minutes.
18.08 / 05:11
Provident Waters Manufacturing Mobile Orange Indian Indian Railways: Revamped orange-coloured Vande Bharat train likely to be introduced on August 19
Vande Bharat trains are all set to make their debut from the Integral Coach Factory in Chennai on August 19. The new train is expected to come with a slew of innovative safety and technical enhancement features. According to a Free Press Journal report, the new eight-coach Vande Bharat trains will come with a striking orange exterior will come with increased seat reclining angle, better access to mobile charging points, extended footrests for Executive Chair car class coaches and improvements in basin to prevent water splashes.
17.08 / 18:33
UPS CEO Delhi-NCR to see record housing launches in festive season
Delhi-NCR is expected to see a record number of housing-unit launches around the upcoming festive season as multiple developers acquired land in the past six months, seeking to cater to rising demand for homes.DLF, Godrej, L&T, TARC, Signature Global, and County group are among the developers that have planned launches in the second half of the year. According to Cushman & Wakefield, residential launches during the first half were already more than double of the previous year.
17.08 / 18:05
Provident Aviat Aware Metro cover Inside Eight key airports need thousands more in staff
NEW DELHI : India’s swelling airports need thousands of additional security and immigration personnel to avoid the kind of crush witnessed at the beginning of the year, an aviation ministry study found. Just eight airports alone need 3,800 more Central Industrial Security Force (CISF) personnel and 440 more immigration staff, found the study, which covered the metro airports in Delhi, Mumbai, Bengaluru and Chennai, as well as airports in Bagdogra, Indore, Jammu and Srinagar.
17.08 / 17:51
UPS Manufacturing Mobile Apple Software country Chennai plus one, Apple of the eye
Apple's production in India of the iPhone 15, slated for launch next month, sends out a strong message of intent about its desire to diversify out of China. Near-simultaneous release opens up scope for iPhone shipments from India. By closing the delay in production in the two countries, Apple's contract manufacturers are demonstrating capability to retool supply chains.
17.08 / 16:33
UPS IPO Provident FIVE Strategy country TPG, Temasek double down on Dr. Agarwal’s
₹650 crore ( $78 million) from existing investors TPG Growth and Temasek to bolster its aim of doubling its network of eye clinics in the country primarily through acquisitions. The Chennai-based company will also consider a public listing in two to three years, said senior company executives. The fresh infusion entirely comprised a primary issue and valued the company at ₹6,000 crore, said Dr.
17.08 / 15:47
Platform Mobile social Average user spends below Rs 100 on online gaming, Rs 200-400 on OTT: Survey
online gaming and Rs 200-400 on over-the-top (OTT) platforms, according to a report by technology and policy think tank Esya Centre. Published in a working paper of IIM Ahmedabad, the survey outlines that users spend the maximum time about 194 minutes a day on social media, compared to 46 minutes on online gaming and 44 minutes on OTT.

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