City Chennai Financial News

29.07 / 05:51

Provident Platform Southern country ArisUnitern plans investment fund to raise Rs 350 crore

Real estate contracting and advisory firm ArisUnitern plans to raise Rs 350 crore through the alternative investment fund route this year, marking its foray into the real estate alternative financing segment in the country The proposed fund, which will have a green shoe option of Rs 100 crore, will be used for last-mile funding of residential projects. “We have already applied for the approval with the Securities and Exchange Board of India (Sebi) and are awaiting their reply,” said Srinivas Gopalan, chairman at ArisUnitern. The firm has ventured into development management of residential projects and plotted development by providing last-mile funding.

28.07 / 19:45

Provident Southern country ArisUnitern plans to raise ₹350 cr via alternative investment fund

Bengaluru: Real estate contracting and advisory firm ArisUnitern plans to raise ₹350 crore through the alternative investment fund route this year, marking its foray into the real estate alternative financing segment in the country. The proposed fund, which will have a green shoe option of ₹100 crore, will be used for last-mile funding of residential projects. «We have already applied for the approval with the Securities and Exchange Board of India (Sebi) and are awaiting their reply,» said Srinivas Gopalan, chairman at ArisUnitern.

28.07 / 14:27

UPS Progressive country G20 environment meeting ends without agreement on climate crisis

G20 nations failed to agree on peaking global emissions by 2025 and other crucial issues to address the global climate crisis at their meeting in India on Friday, France's representative said. No breakthrough was possible on several key points ahead of this year's COP28 climate talks, with negotiations also failing to reach a consensus on drastically scaling up renewable energy use. «I am very disappointed,» France's ecological transition minister Christophe Bechu told AFP after the meeting.

28.07 / 13:45

UPS Citi Provident Platform Remark Terra Food Co. Raises $800K in Pre-Series A Funding Round

Terra Food Co. (TFC), a pioneering gourmet cloud kitchen company, has successfully raised $800,000 in its Pre-Series A funding round. The funding was secured from a group of esteemed investors, including Zero to One Fund, Twin & Bull Fund, ah! Ventures, and several other international angel investors.

28.07 / 11:25

COST IPO band Khazanchi Jewellers IPO: GMP, subscription status on day 5, and other key details

₹140 per equity share and the share will be listed on the BSE SME exchange Monday, August 7. Khazanchi Jewellers IPO, which is worth ₹96.74 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The company plans to use the net proceeds from the offering to fund the following goals, including (a) capital expenditures for the new showroom, (b) inventory costs for the new showroom, to meet the increased working capital needs of the current operations, and (c) general corporate purposes.

28.07 / 11:18

Target FIVE Waters Action CAT Celebrity country biodiversity India committed towards biodiversity conservation, climate action: Modi at G20 meet

New Delhi: Prime Minister Narendra Modi on Friday reaffirmed India’s unwavering commitment to biodiversity conservation, climate action, and environmental protection while addressing the G20 environment and climate ministers‘ meeting in Chennai via video message. Emphasizing the global responsibility to protect the Earth, the prime minister said climate action was a fundamental duty that had been ignored for too long.

28.07 / 11:06

Maxim Progressive Manufacturing CEO Micron electronic boost Micron’s investment will boost India’s tech chops and spur economic growth

Job creation and skill development: One of the primary benefits of Micron's investment in India will be the creation of high-value jobs. With its state-of-the-art semiconductor manufacturing facilities, Micron will not only hire top-tier talent but also collaborate with local educational institutions, fostering the development of skilled professionals in microelectronics. This transfer of knowledge and expertise is crucial to nurturing indigenous innovation and allowing homegrown technology companies to flourish.

28.07 / 05:51

FIVE Manufacturing show country ‘Indian cough syrup sent to Iraq contains toxic chemicals’, test shows

Bloomberg News. With this, it becomes the latest in a series of alarming revelations about syrup medicines used by children around the world. According to Valisure LLC, an independent US laboratory, a bottle of Cold Out purchased at a pharmacy in Baghdad in March contains 2.1% ethylene glycol, about 21 times the widely accepted limit.

27.07 / 13:23

UPS MET Booking Progressive Sona BLW Precision Q1 Results: Net profit up 47% to Rs 112 crore

Auto component maker Sona BLW Precision Forgings on Thursday said its consolidated net profit increased by 47 per cent to Rs 112 crore in the June quarter. The company had posted a net profit of Rs 76 crore in the April-June period of the last fiscal.

27.07 / 12:04

UPS Provident Progressive COP Align country COP28 UNFCCC, COP28 UAE urge G20 nations to take lead in climate change mitigation

New Delhi: COP28 President-designate Sultan Al Jaber and United Nations Framework Convention on Climate Change (UNFCCC) executive secretary Simon Stiell on Thursday called upon G20 nations to take a greater leadership role in climate change mitigation and adaptation. With only 125 days to go, the leaders issued a joint statement on the sidelines of the G20 ministerial meeting in Chennai, calling on G20 nations to “lead the way" on delivering a positive outcome on mitigation at the COP28 climate conference this year.

27.07 / 10:09

Cooper Platform country G20 nations to launch Resource Efficiency Circular Economy Industry Coalition today

New Delhi: The G20 countries are set to launch the Resource Efficiency and Circular Economy Industry Coalition (RECEIC) today, according to an official statement. The announcement is scheduled to be made on the sidelines of the 4th environment and climate sustainability working group meeting and ministerial talks taking place in Chennai, Tamil Nadu.

27.07 / 10:01

performer Indian Indian Bank Q1 Results: Net profit rises 41% YoY to Rs 1,709 crore

Indian Bank on Thursday posted a 41 per cent increase in net profit at Rs 1,709 crore in the April-June quarter, mainly due to decline in bad loans. The Chennai-based lender had posted a net profit of Rs 1,213 crore in the year-ago period.

27.07 / 09:41

UPS Manufacturing Remark Nissan country Latin Renault Nissan’s Chennai plant achieves manufacturing milestone, produces 2.5mn cars

Renault and Nissan have been manufactured by the plant. Renault Nissan’s Chennai plant is spread over 600 acres at Oragadam, Chennai. RNAIPL has exported more than 1.15 million vehicles from Chennai's Kamarajar Port Ltd (formerly Ennore Port Ltd.) to more than 108 destinations including markets in the Middle Eastern countries, Europe, Latin America, New Zealand, Australia, South-East Asia, SAARC countries, and Sub-Saharan Africa.

27.07 / 09:13

UPS Manufacturing Nissan country Latin Renault Nissan Automotive crosses 25 lakh production mark

Renault Nissan Automotive on Thursday said it has crossed 25 lakh unit production milestone at its Chennai-based manufacturing plant. The plant is spread over 600 acres and caters to both domestic and export market requirements for Renault and Nissan.

27.07 / 08:37

UPS Provident Entertainment film Banner Celebrity MS Dhoni opens up about marriage, film production, and chemistry with wife Sakshi

MS Dhoni is celebrated for his strategic brilliance on the field, fearlessly facing any challenge that comes his way. However, even this iconic sportsman admits to having a different side when it comes to real-life situations, especially concerning his wife Sakshi's ideas. During a media interaction event for Sakshi Dhoni's debut film production, «LGM: Let's Get Married,» the cricketing legend candidly shared his initial reaction to her film idea.

27.07 / 07:59

MET Cooper Maxim Strategy US climate envoy Kerry meets officials in India

New Delhi: US’s special presidential envoy for climate John Kerry met with Indian officials here during his visit to India to discuss climate cooperation. The talks focus on advancing shared climate and clean energy objectives, such as fostering investment in renewable energy, supporting the rollout of zero-emission buses, and diversifying clean energy supply chains.

27.07 / 01:41

UPS MET Manufacturing CEO Southern electronic Foxconn unit plan to set up $200 million electronic components in Tamil Nadu: Report

Foxconn Industrial Internet (FII)'s CEO Brand Cheng and other company representatives met last week with Tamil Nadu Chief Minister MK Stalin and other government officials to discuss the investment in the southern state. FII has shared a plan with state officials to initially invest $180 million to $200 million in the facility, Reuters said citing sources. The Taiwan-based company aims to complete the plant by 2024, with further investments expected afterward.

26.07 / 12:55

UPS Manufacturing track Vande Bharat trains register 99.6% utilization during Apr-June: Ashwini Vaishnaw

New Delhi: Railway minister Ashwini Vaishnav on Wednesday said that the utilization of Vande Bharat trains has reached 99.60% during April-June, highlighting the growing popularity and efficiency of high-speed trains among passengers. “In the current financial year 2023-24, the overall utilization of Vande Bharat trains has been recorded at an outstanding 99.60%," the minister said in a written reply to a question in Lok Sabha.

26.07 / 08:05

Facebook UPS Twitter MET love An engineer's Covid lockdown love story ends with triple murder in Assam

Nazibur Rahman Bora surrendered before the police after killing his wife Sanghamitra Ghosh and in-laws (Sanjeev and Junu Ghosh), Assam police said. «The accused has surrendered before police. He confessed that he had committed the crime.

26.07 / 05:55

UPS Entertainment film Banner star ‘MS Dhoni is up for acting in movies if…’: Wife Sakshi Dhoni

Let's Get Married, under the banner Dhoni Entertainment. Speaking at a recent promotion LGM event in Chennai, Sakshi said that MS Dhoni might work in movies in the coming time in case of the right scripts. She also said that if Dhoni Entertainment plans a movie with him as a hero, then it will be action-packed entertainment.

25.07 / 11:45

UPS FIVE Digital Tata Motors appoints Rajesh Kannan as President and CDIO

Tata Motors have announced the appointment of Rajesh Kannan as President and Chief Digital and Information Officer. The appointment will be effective from 1 August, 2023, the firm said in a stock regulatory filing on 25 July.

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