City Chennai Financial News

Foxconn may invest up to $500 million to set up a new unit near the Kempe Gowda international airport in Bengaluru to make smartphone accessories, multiple sources aware of the development told ET. The investment is likely to be done by Foxconn Industrial Internet (FII), a subsidiary of Foxconn. Earlier in the day, Foxconn Industrial Internet (FII), a subsidiary of Foxconn signed a memorandum of understanding with Guidance Tamil Nadu to establish a new manufacturing facility in Kancheepuram district for electronics components.

India’s retail sector is witnessing a constant surge in demand and healthy leasing across Grade A retail spaces. Growing consumer base, evolving lifestyle, urbanisation, rising disposable income, the convergence of online and offline retail, and investments in retail infrastructure are attributed for the rise in the leasing activity of retail spaces.

Registration for Xavier Aptitude Test (XAT) 2024, the national-level MBA entrance exam, has now begun. The test is scheduled to take place on Sunday, January 7, 2024. With its scores accepted by over 160+ prestigious management institutes across the country. For XAT 2024, the registration fee is Rs. 2100. However, candidates applying for XLRI programmes are required to pay an additional fee of Rs 200 each, according to an official release.

Nissan and Datsun vehicles across India to get free check-up of their vehicles. Customers can book a service appointment for the camp through the NissanConnect app or Nissan India website.

₹3,950 crore as of March 2019. This debt was incurred to finance the company’s expansion, which included the construction of new hotels and the acquisition of other properties.

icai.org. Currently, there is no official confirmation from the institute, however, some media reports state that the date and time of CA foundation results will likely be declared today. The ICAI June session exams were held on 24, 26, 28 and 30 June 2023 in 290 centres across India.

Nissan Magnite SUV is offered in multiple trims. These include XE, XL, XV, Turbo, Premium, Premium Turbo (O), and Geza Edition. The SUV comes with two engine choices.

fans of cricketer Mahendra Singh Dhoni expressed their disapproval after an air hostess recorded a video of him sleeping on a flight, with his wife Sakshi engaged in her own activities beside him. The video quickly went viral on social media, prompting criticism of the air hostess for violating Dhoni's privacy. Dhoni, the former captain of the Indian cricket team and the current skipper of Chennai Super Kings, holds an unparalleled level of popularity among cricket enthusiasts.

Railway Ministry has received over 170 requests from leaders across parties for launching the Vande Bharat trains in their constituency. Apart from ruling BJP, many major opposition leaders have also requested the introduction of Vande Bharat trains in their constituencies including Congress Chief Mallikarjun Kharge and TDP supremo Chandrababu Naidu.

tomatoes. This was evident on Sunday when the wholesale cost of the vegetable reached ₹200 per kilogram in the state capital and several towns. As reported by IANS, “The scarcity of tomatoes at the Koyambedu wholesale market in Chennai is the primary factor responsible for the steep surge in prices", said P.V.

Krish has been offered an overseas assignment that requires him to stay abroad for at least five years. He is engaged and soon to be married. He is looking at this posting as an opportunity to earn additional income.

KKR, has acquired four road assets from Macquarie India in a deal worth ₹3,000 crore. Earlier, Adani Road Transport had agreed to acquire these road assets for ₹3,100 crore, but terminated the deal last month citing «unsatisfactory conditions». Highways Infrastructure Trust (HIT) will acquire Gujarat Road & Infrastructure (GRICL) and Swarna Tollway (STPL), the InvIT said in a filing with stock exchanges.

Tamil Nadu continue to face relentless challenges with the escalating prices of tomatoes, as witnessed on Sunday when the wholesale rate of this vegetable reached Rs 200 per kilogram in the state capital and various towns. The scarcity of tomatoes at the Koyambedu wholesale market in Chennai is the primary factor responsible for the steep surge in prices, said P.V. Ahmad, a wholesale vegetable dealer at the Koyambedu market.

New supply of office space fell 25 per cent to 11.30 million square feet during April-June across seven major cities amid subdued demand and high base effect, according to Vestian.

Tyre maker CEAT Ltd has lined up a capex of around Rs 750 crore for the ongoing fiscal, mostly to be deployed in increasing production capacity of agri-radial tyres at its Ambernath plant in Maharashtra, according to the company MD & CEO Arnab Banerjee. The company expects volume of its supplies to original equipment manufacturers (OEMs) to pick up in the third and fourth quarter of this fiscal, as it completes transition from smaller rim size to bigger sizes, with approvals from automobile manufacturers expected soon. In the replacement market, where CEAT has seen good growth in the first quarter specially in motorcycle tyres, the company expects the momentum to continue although in the rural market which has been dormant for sometime it may take another two more quarters for growth visibility to come.

ISRO on Sunday launched its proven PSLV rocket carrying seven Singaporean satellites from Satish Dhawan Space Centre here. This ISRO mission, which comes after the much-awaited Chandrayaan-3 launch earlier this month, is being undertaken by its commercial arm NewSpace India Limited.

The Indian Space Research organisation (ISRO) launched seven Singaporean satellites, onboard a PSLV rocket in a commercial mission on Sunday. After the much-awaited launch of Chandrayaan-3 this month, the Bengaluru-headquartered space agency launched PSLV-C56 carrying Singapore's DS-SAR, a Radar Imaging Earth Observation Satellite, along with six co-passenger satellites from Sriharikota, about 135 km from Chennai. at 6:30 AM on 30 July (Sunday).

semiconductor design linked incentive scheme (DLI) to include bigger Indian as well as foreign companies, the minister of state for electronics and information technology Rajeev Chandrasekhar said. Speaking to reporters on the sidelines of the Semicon 2023 event in Gandhinagar, Gujarat, Chandrasekhar said that so far seven startups had been selected as participants in the semiconductor DLI scheme. “This initiative is steadily gaining confidence and support.

World Cup, an inspection team from the International Cricket Council is checking the readiness of venues that will host the quadrennial extravaganza in October-November this year. The ICC team, which is currently at the Narendra Modi Stadium in Ahmedabad, has paid a visit to three venues in South — Bengaluru, Chennai and Thiruvananthapuram, where practice matches will be held — and the Wankhede Stadium in Mumbai. The reconnaissance unit dropped in at the M Chinnaswamy Stadium here on July 28, and expressed their satisfaction over the facilities.

CBI has arrested four people, including two joint director-ranked officers posted in the Ministry of Corporate Affairs and an associate of Alok Industries, in connection with alleged bribery of Rs 3 lakh, officials said on Saturday. «Searches were conducted in Delhi, Gurugram and Chennai in the premises of the accused which led to the recovery of cash of Rs 59.80 lakh (approximately), several incriminating documents and digital evidences,» the CBI said in a statement.

NCLT order to initiate insolvency proceedings against Coffee Day Global Ltd (CDGL), which owns and operates the popular chain Cafe Coffee Day. Malavika Hegde, the suspended Director of CDGL, has approached the Chennai bench of NCLAT against the National Company Law Tribunal (NCLT) order to initiate Corporate Insolvency Resolution Process (CIRP) against Coffee Day Global. The application, seeking a stay on the NCLT order, was listed for hearing before a NCLAT bench comprising Justice Rakesh Kumar Jain and Shreesha Merla on Friday.