City Chennai Financial News

Also read: Chandrayaan-3 LIVE Updates: Soft-landing of Chandrayaan-3 on lunar surface likely on 23 August As for the eligibility criteria, candidates should be aged between 18 to 35 years to apply for these posts. The selection process for ISRO Recruitment 2023 involves a Written Test and a Skill Test. The written test will be of 90 minutes duration and will consist of 80 multiple-choice questions.

Government restricts import of laptop, computers, tablets] for computing devices such as laptops, tablets, all-in-one personal computers (PCs), and servers that has now been [Government delays licensing mandate for import of laptops and PCs by 3 months] pushed by three months to 1 November, the idea of becoming an Atmanirbhar Bharat or a self-reliant India in the information technology (IT) hardware space remains a compelling, and logical proposition for the country on many counts. First, it will help the country reduce its imports from China (India’s trade deficit with China stood at $83.1 billion in 2022-23), pre-empt other geopolitical pressures that impact trading, and strengthen the country's hardware supply chain.

The World Cup didn’t go to plan for the Indian men’s hockey team. Despite much euphoria and a commanding lead of 3-1 against New Zealand, India failed to hold on and were knocked out ahead of the quarter-final stage. It has been a steady climb back up since for captain Harmanpreet Singh.

Senthil Balaji and others in connection with a money laundering probe, the Enforcement Directorate said on Saturday. The searches were undertaken on August 3 in Coimbatore and Karur districts of the state, covering nine locations linked to Balaji, who is currently lodged at Puzhal central jail in Chennai under judicial custody. Balaji (47) continues to be a minister without portfolio in M K Stalin-led Tamil Nadu government.

₹4,000 crore through a qualified institutional placement (QIP) in September. The Murugappa-backed company has shortlisted three investment banks as advisors for the same, according to a report by Moneycontrol. The NBFC arm of the conglomerate looks to raise the amount for growth purposes, sources told the news website.

PTI. The three-time champions were seen struggling to convert a penalty corner against Japan on Friday at the Mayor Radhakrishnan Hockey Stadium in Chennai. Despite India earning as many as 15 penalty corners, it could only convert just one, even though they have a potent force in skipper Harmanpreet Singh, Varun Kumar, Amit Rohidas, and Jugraj Singh.

F1 visa is opening up at various consulates in India, giving hope to students who want to pursue their Masters in United States. Some of these students have faced rejections in the past and hope that they will be able to finally get their hands on the visa. «I have deferred my admission twice since last year as my visa got rejected a couple of times. In my desperation, I even went to Vietnam for a visa interview, but even there my visa was rejected,» said Rakesh P, who is now set to travel to New York on August 14 to TOI. He attended a visa interview in New Delhi recently and has been approved to study in the US, on his third attempt. Another candidate, Vijay M, said: «I have been appearing for interviews since June last year. I deferred my admission five times. Finally, my visa has been approved now and I will be travelling next week.» Vijay too appeared for his last interview from Chennai. US student visas grew by the largest annual margin seen in over a decade, in line to becoming the highest single-year total of F-1 visas since 2016.

Hair processing is a Rs 3,000-crore business in India which is not surprising at all. It’s not surprising then that hair processing is a Rs 3,000-crore business in India. Cities like New Delhi, Chennai, Elur in Andhra Pradesh, Bhagabanpur and Murshidabad in West Bengal, and Dig in Rajasthan are its major centres.Hair hub in Karnataka Apart from these cities, Bhagyanagar in Karnataka’s Koppal district is another place with a 70-year history of hair processing.

Nirmala Sitharaman on Friday said that Regional Rural Banks (RRBs) should continue their focus on flagship schemes of the Central government such as PMJJBY, PMSBY, PM SVANidhi, Atal Pension Yojana, PM Jan Dhan Yojana, PM Mudra Yojana, KCC, KCC Animal Husbandry & Fisheries, and aim for their saturation. Chairing a review meeting with chairpersons and senior officials of RRBs from the southern region in Chennai, Sitharaman said that RRBs and sponsor banks should improve their current and savings account (CASA) ratio.

Vande Bharat Express soon. India’s 26th Vande Bharat Express is likely roll between Chennai and Tirunelveli in the first week of August, media reports say. The much famed semi-high speed express train is tentatively scheduled to be launched by Prime Minister Narendra Modi in first week of August.

South India’s first inter-state Metro project between Karnataka and Tamil Nadu have moved up in pace. The Chennai Metro Rail Limited (CMRL) on August 1 floated a tender for the preparation of a feasibility study for the first inter-state metro project in the Southern India. 

crane while watching a live accident. As per a report in the Times of India, the incident happened in Chennai near Panaiyur on East Coast Road. The victim has been identified as Rasheed Ahmed, a resident of Zakeer Hussain Street in Panaiyur.

₹55 crore over the next two years in the app to offer accessible, inclusive mental health support to people and provide a solution to help end the stigma of mental health. The made-in-India app, Shetty said, will democratize mental health treatment in India and worldwide. “I have seen the dedication of Manun since he launched Veda and when he came up with the idea to launch an app to make it affordable and accessible to people, my first question to him was how can I help? This app is a significant step in supporting people with mental health tools and online therapy so they can thrive in all aspects of their lives.

Hon Hai Technology Group (Foxconn) has signed up with the Karnataka government, offering to invest about $600 million, or nearly Rs 5,000 crore, in two iPhone component manufacturing projects, expected to create nearly 13,000 jobs. A Foxconn team led by chairman Young Liu formally signed a letter of intent (LoI) with the government after Industries Minister MB Patil, IT/BT Minister Priyank Kharge, Additional Chief Secretary (IT/BT) EV Ramana Reddy and Industries Commissioner Gunjan Krishna held talks with the team in Chennai on Monday. ET reported on Tuesday that Foxconn may invest up to $500 million for a new unit near Bengaluru airport to make smartphone accessories.

Indian Overseas Bank Q1 result: The Indian public sector bank reported a 28.4 per cent rise in its net profit to ₹500.35 crore in the June quarter of FY 23-24 against ₹392.3 crore a year ago. The Chennai-based bank reported a minor reduction in its NPA. In the quarter under review IOB reported gross NPA at 7.13%, whereas its net NPA stood at 1.44%.

Ministry of Corporate Affairs (MCA) said on Wednesday. Similarly, as many as 1.96 million forms were filed on the MCA21 (Version 3, or V3) portal between April and July, it said in a series of tweets.

Freshworks on Tuesday reported a 19% rise in its revenues to $145.1 million for quarter ending in June, and raised its full-year financial forecast for 2023 midpoint saying it will hit adjusted operating profit of $28 million. The Chennai and San Mateo, California-headquartered company said its net loss shrank to $35.66 million, or 12 cents per share, in the first quarter ended June 2023, from $69.75 million, or 24 cents per share, a year earlier. The company had raised its full-year 2023 financial forecast to an adjusted operating profit of $5 million in the previous quarter ended March 31, 2023.

CHENNAI : Last time corporate India unleashed its animal spirits, the economy grew at its fastest pace ever. That was almost two decades ago. The period between 2002 and 2008 saw huge investments from private companies as they expanded their manufacturing footprint and acquired companies overseas.

₹726 crore in the April-June quarter. The Chennai-based lender had posted a net profit of ₹566 crore in the year-ago period.

e-commerce industry is likely to create 7,00,000 gig jobs in the second half of this year as businesses are recruiting temporary workers to ensure best customer experience during the festive period, according to a TeamLease report. The country's e-commerce companies are gearing up to meet consumer demands during the annual shopping frenzy in the run-up to the festive season, and this surge is projected to generate almost 7,00,000 gig jobs in the second half of 2023, the staffing company said in its report on Tuesday.

₹98,508.26. Kolkata, another major metro, has also witnessed an upward trend in ATF prices, with rates soaring to ₹1,07,383.08 per kilo-litre. Meanwhile, Mumbai, the financial hub of India, recorded a price hike, with ATF now priced at ₹92,124.13 per kilo-litre.