City Chennai Financial News

India Campaign/Sugamya Bharat Abhiyan, launched in 2015, reports and anecdotal evidence abound to show that navigating India remains a nightmare for PwDs. In this context, the Comptroller and Auditor General of India's (CAG) reported decision to order a pan-India audit of disability features in government buildings constructed or retrofitted between April 2022 and March 2023 is very welcome. According to Census 2011, there are 26.8 million PwDs in the country.

G20 ministerial in Goa and Chennai, ministers from 14 countries including the Marshall Islands, Samoa, Palau, Federated States of Micronesia, Vanuatu, Colombia, have under the banner of the High Ambition Coalition called on G20 hosts India and other members to agree on measures such as phasing out fossil fuel use to ensure that average increase in global temperature does not exceed 1.5°C compared to the 1850s. “We urge you, as leaders of the G20, to accelerate your efforts to reach net zero greenhouse gas emissions, to expand your cooperation and lead the way in phasing out all fossil fuels and in transitioning to a green sustainable energy future where access to energy is guaranteed for all,” the ministers wrote in an open letter to the G20.

informal employees are prioritising factors such as prestige and career potential over wages today, says a Quess Corp report. The report by leading business service provider Quess Corp titled ‘New Collar Generation Report' uncovers the aspirations of India's informal economy post-pandemic.

Porter, a tech-based on-demand logistics companies, announced the introduction of its Inter-city Courier Services, aimed at transforming the way goods are transported across the country. This tech-enabled Inter-city delivery offering is set to ease the logistics landscape by providing doorstep pickup and delivery services to a wide range of customers, including SMEs, retail businesses, and regular consumers.

airport handled 4.2 million passengers in June, an increase of 107% from pre-covid levels of June 2019. Of the total passenger traffic recorded in June, the airport witnessed 2.14 million passengers at arrivals and 2.04 million at departures. Total air traffic in June rose 33% on year.

Avenue Supermarts, the operator of DMart retail chain, saw sales at its online grocery unit cross Rs 2000 crore in FY23 but losses widened as it expanded into newer geographies. Sales for Avenue E-Commerce (AEL), its online subsidiary was Rs2202 crore, a 32% jump while net loss widened to Rs 194 crore, as per its latest annual report. The online business brand, DMart Ready, had posted a loss of Rs 142 crore on sales of Rs 1667 crore in the previous fiscal year.

Palette. The company said it has curated a range of 'upscale' resorts and hotels for travellers seeking a 'premium experience' at competitive prices.

India (CAG) has ordered a pan-India audit of disability features in government buildings constructed or retro-fitted over the last one year. The buildings come under the purview of the government's primary construction arm — Central Public Works Department.

₹2,000 for the Saturday evening show. Mind you, that’s the price for a single ticket. At INOX: Insignia located in Mumbai’s Atria Mall, it costs ₹2,100.

NDA with Congress leader Rahul Gandhi asserting that the fight will be «between INDIA and Prime Minister Narendra Modi». According to sources, the name of the alliance, 'INDIA' was suggested by Trinamool Congress (TMC) chief Mamata Banerjee. After the meeting of Opposition parties in Bengaluru, West Bengal Chief Minister Mamata Banerjee asked whether the National Democratic Alliance would be able to challenge the newly formed Indian National Developmental Inclusive Alliance or I.N.D.I.A.

‘Oppenheimer’, the epic biographical drama directed by Nolan, has reportedly crossed 300,000 tickets in advanced sales, revealed Ashish Saxena, COO- of Cinemas, BookMyShow, revealed in a statement. Since the Cillian Murphy-Emily Blunt starrer will be the only release in IMAX this week, major metropolitan cities like Bengaluru, Hyderabad, Delhi, and Chennai are ruling the roost when it comes to ticket sales on the platform. A staggering 42 per cent of tickets purchased on BookMyShow have been for immersive cinematic formats such as the IMAX as cinephiles from the aforementioned regions have been aiming to bag the best cinematic experience they can afford. On the other hand, Barbie, the feel-good comedy-drama about the iconic doll, that has been the first BFF of pretty much every girl around the globe has also generated quite an excitement in India. According to Saxena, Ryan Gosling, Margot Robbie's film has sold an impressive 54,000 tickets on the ticket-selling portal.

Enforcement Directorate's attention at the opportune moment ahead of a crucial elections in the state. With DMK leader and Tamil Nadu chief minister MK Stalin voicing his opposition for the Bhartiya Janata Party (BJP)-led National Democratic Alliance (NDA) at the Centre, his party leaders seems to falling prey to ED raids and allegations. After the arrest and consequent bypass surgery of Tamil Nadu minister Senthil Balaji, the ED has begun questioning Tamil Nadu Minister and DMK Leader K Ponmudi.

OYO on Tuesday announced its foray into premium resorts and hotels category with the launch of its new brand -Palette with plans to have a total of 50 properties by second quarter of FY24. The company has started 10 Palette resorts as a pilot in Jaipur, Hyderabad, Digha, Mumbai, Chennai, Manesar and Bangalore.

Welspun One Logistics Parks (WOLP) on Tuesday said it has raised Rs 1,000 crore within four months of launching its second warehousing-focussed fund. The company also announced the opening of its “green shoe” option to raise an additional Rs 1,000 crore.

The largest reptile sanctuary in the US, based in Arizona, wants to import six gharials and mugger crocodiles from Tamil Nadu to help conserve these endangered species. As per a notification issued under the Endangered Species Act (ESA), the Phoenix Herpetological Society has requested permission from the US Fish and Wildlife Service.

After eight hours of grilling by the Enforcement Directorate, Tamil Nadu Higher Education Minister K Ponmudi returned home on early hours of Tuesday. The agency has summoned Ponmudi to its office on Tuesday evening at 4 pm. On the other hand, DMK leaders have called the ED arrest and questioning as central government's vendetta politics.

ICRA. The incremental absorption is estimated to remain at around 39 million sq ft, the level witnessed in 2022-23. Nearly 52% of the expected supply addition across these primary markets including Mumbai, National Capital Region, Pune, Chennai, Bengaluru, Kolkata, Hyderabad, and Ahmedabad will be in grade A category.

World Cup frenzy has already got India in its firm grip — and the India-Pakistan match is at the center of it all. All roads, and air-routes, lead to the Motera stadium in Ahmedabad, which is set to host the most-awaited match between India and Pakistan on October 15. And this is one time when being the early bird gets you nothing.

Chennai and Sri Lanka's Jaffna city have commenced with India's Alliance Air increasing the frequency from the earlier four-times-a-week service, a move that is set to further boost travel and trade between the two countries. The move to increase the frequency of flights between Chennai and the Tamil-dominated Jaffna city was announced earlier this month by Union Minister of Civil Aviation Jyotiraditya Scindia during the Travel Agents Association of India (TAAI) annual convention hosted in Colombo. The daily commercial flights between Chennai and the Jaffna International Airport (JIA) in the north began operations on Sunday, aviation officials said. Chief Airport Manager, Aruna Rajapaksa, confirmed the inaugural flight's arrival in Jaffna at 11:30 am, marking the initiation of daily flights along this route, the NewsFirst news portal reported on Sunday. «Alliance Air is set to commence daily scheduled operations between Jaffna and Chennai, starting from 16th July 2023. Initially operating with their ATR72 aircraft, which can comfortably carry 70 passengers», a press release by Sri Lanka's Airport and Aviation Services said. Alliance Air, which initially aimed for four flights per week starting from December 15, 2022, decided to upgrade the frequency of its operations to a daily flight service due to the growing demand for flights to the JIA.

Enforcement Directorate on Monday in a money laundering case, reported PTI. The ED raids are being conducted at the premises of  K Ponmudy and his MP son Gautham Sigamani's premises in state capital Chennai and in Villupuram.

Morgan Stanley PE Asia has acquired a controlling stake in ClearMedi Healthcare, a Delhi-headquartered chain of oncology hospitals and radiation therapy centres, in a deal valued at about $35 million (Rs 285 crore). Italy's KOS Group, which has been a strategic investor, exited ClearMedi by selling its stake to the PE firm and the promoters of the healthcare provider, people briefed on the transactions told ET.