City Chennai Financial News

11.07 / 17:27

Booking Platform Matthews Southern L&T signs ship repairing agreement with US Navy

Larsen and Toubro's Kattupalli Shipyard near Chennai has qualified for the Master Shipyard Repair Agreement (MSRA) and the Indian conglomerate has signed an agreement with US Navy for repairing of vessels. The shipyard has been approved by the Indian Navy and the Coast Guard for repairing works. The Kattupalli Shipyard near Chennai is a major node in the Southern Defence Corridor which has been undertaking voyage repairs of the US Navy's Military Sealift Command vessels, a release said.

11.07 / 09:47

Citi Twitter FIVE Manufacturing CEO Interface Nothing Phone (2) may sport 6.7-inch full-HD+ display, 4700mAh battery & 12GB RAM

Nothing is all set to unveil its second generation flagship smartphone Phone (2) in an Known for its iconic transparent design, Phone (2) comes with Snapdragon 8+ Gen 1 chipset. It will be pre-loaded with Nothing OS 2.0, with a new-and-improved user interface. According to Nothing, Phone (2) is one of the most sustainable smartphones with recyclable materials and plastic-free packaging.

11.07 / 09:13

Facebook Twitter Action Fighting LinkedIn Ultimate Table Tennis announces IndianOil as title sponsor for season 4

Ultimate Table Tennis (UTT) has onboarded IndianOil as its title sponsor for season 4 scheduled to take place at the Shiv Chhatrapati Sports Complex, Mahalunge-Balewadi in Pune from July 13-30, 2023.

11.07 / 09:13

Citi Ripple Remark Residential prices rise by 6% in 8 major cities driven by strong housing demand: Report

Driven by strong housing demand, the residential property market in India experienced an average YoY price appreciation of 6% during the April-June period of this year, as per data released by PropTiger.com.

11.07 / 07:55

Citi Gurugram witnessed highest increase in residential property prices among top 10 cities : Report

Property prices in Gurugram has increased the most among top 10 cities with a YoY increase of 12% in Q2 2023, surpassing Bengaluru (9%) and Noida (8%). The residential property market in India experienced an average year-on-year price appreciation of 6% during the April-June period of this year, as per data by PropTiger.com. “Housing prices have been climbing in major Indian cities in the post-COVID years.

11.07 / 06:45

Ball Career Limelight Indian MS Dhoni calls Indian all-rounder a 'drug', says ‘won’t see him mature in my lifetime’

MS Dhoni has compared his CSK teammate Deepak Chahar with a ‘drug’ while explaining his bond with the pacer. Dhoni and Chahar share a healthy bond with each other having played for CSK together for a number of years. In fact, Chahar is amongst the list of players who got into the limelight in the tutelage of the Indian legend and later got selected in the Indian team.

11.07 / 06:43

Parke Shell bail Rs 200 cr extortion case: Delhi HC denies bail to Sukesh Chandershekhar's wife, 2 others

Leena Maria Paulose, wife of conman Sukesh Chandrasekhar in a Rs 200 crore extortion case registered by the Economic Offence Wing (EOW) of Delhi Police. The Court also dismissed the bail petitions of two accused Kamlesh Kothari and B Mohan Raj in the same case. Sukesh Chandrasekhar, Leena Maria Paulose and others are presently in judicial custody since last year in the case for allegedly duping Aditi Singh, wife of the former promoter of Ranbaxy, Shivinder Singh, of Rs 200 crore.

11.07 / 05:49

Mobile Enterprise bail Delhi HC denies bail to Sukesh Chandershekhar's wife in ₹200 cr extortion case

₹200 crore extortion case registered by the Economic Offence Wing (EOW) of Delhi Police. In addition, the court also dismissed the bail petitions of two accused Kamlesh Kothari and B Mohan Raj in the same case, according to the news agency ANI. Sukesh Chandrasekhar, Leena Maria Paulose and others are presently in judicial custody since last year in the case for allegedly duping Aditi Singh, wife of the former promoter of Ranbaxy, Shivinder Singh, of ₹200 crore. Justice Dinesh Kumar Sharma on Tuesday dismissed all three bail petitions filed in the matter.

11.07 / 05:49

Manufacturing Matthews L&T inks ship repair pact with US Navy

New Delhi: Larsen & Toubro (L&T) on Tuesday said it has signed a master ship repair agreement (MSRA) with the United States Navy. In a statement to stock exchanges, the engineering behemoth said that the agreement follows an elaborate assessment of the company’s state-of-the-art Kattupalli shipyard near Chennai, undertaken by the US Navy and the Military Sealift Command. The shipyard is also qualified by the Indian Navy and the Indian Coast Guard for warship refits.

11.07 / 00:45

Citi FIVE Delhi pips Bengaluru in ONDC retail orders in beta

ONDC) announced its beta launch in five cities including in Delhi, Delhi surpassed Bengaluru in terms of retail orders on July 9 with 8,304 orders over Bengaluru's 7,048 orders, and the network cumulatively got more than 35,000 retail orders in a day. Sources said this was the scenario despite the rains in the capital because of the weekend push by buyer applications like Magicpin and Paytm with themes like Super Sundays. ONDC had gone beta live on July 5 in Mumbai, Delhi NCR (including Noida, Gurgaon and Faridabad), Chennai, Hyderabad and Kolkata post scaling seller density in these cities.

10.07 / 11:47

Enterprise IPL brand value touches $3 billion

₹48,390 crore collectively. The IPL has seen a compounded annual growth rate (CAGR) of 18% in its media rights from 2008 to 2023. The growth in absolute terms between the 2017 and 2023 cycles surged by a whopping 196%.

10.07 / 09:51

Cooper Matthews First US Navy ship arrives at Kattupalli port for repairs

USNS Salvor, a Safeguard-class rescue and salvage ship arrived at Kattupalli ship building yard near here for repairs under the Master Ship Repair Agreement (MSRA) between India and the US, a senior official of Larsen and Toubro (L&T) said on Monday. The five-year agreement will see the India's leading private defence company repair the US vessels, said Arun Ramachandran, executive vice-president and head, L&T.

09.07 / 15:03

UPS Provident Target Manufacturing Action BAY ISRO to transfer SSLV to private sector

Indian Space Research Organisation (ISRO) will soon transfer its Small Satellite Launch Vehicle (SSLV) to the private sector, after conducting two development flights of the rocket that seeks to provide on-demand services to put satellites weighing up to 500 kg in a low-earth orbit. The space agency has decided to opt for the bidding route to transfer the mini-rocket to the industry, a senior official said. «We will be transferring the SSLV completely to the private sector.

09.07 / 13:45

Chennai vendor sells tomato at ₹20/kg for a day amid soaring price

₹20 per kilo on Friday to mark the fourth anniversary of his shop. D Rajesh, 38, the owner of DR Vegetables and onion shop in Sellakupam, said he bought 550 kgs of tomatoes at ₹60 per kilo, including the transportation charges, from Bengaluru in Karnataka. He then sold the vegetable at a loss of ₹40 per kilo to ‘help the needy,’ reported TOI.

09.07 / 13:45

Citizens Manufacturing Vande Bharat's tri-colour inspired 'saffron' colour scheme irks netizens, people ask ‘where is the green’

Vande Bharat Express will be 'saffron' in colour, railway officials said on Saturday. The new saffron Vande Bharat Express is however not yet operational and is currently stationed at the Integral Coach Factory (ICF) in Chennai, where Vande Bharat trains are manufactured.

09.07 / 04:09

cricket CSK batter Ambati Rayudu pulls out of Major League Cricket due to personal reasons

India and Chennai Super Kings (CKS) batter Ambati Rayudu has withdrawn from the inaugural edition of USA's Major League Cricket, where he was to represent Texas Super Kings, reported ESPNcricinfo. In May, Rayudu announced his retirement ahead of Chennai Super Kings' (CSK) fifth Indian Indian Premier [IPL] triumph.

09.07 / 03:53

Mobile COMPOSITE Parke Chandrayaan 3 mission: Ban on road construction, digging work around Sriharikota ahead of ISRO's historic launch

Chandrayaan-3 spacecraft takes flight safely. The communications lines are passing through major roads in the area, including NH5 (Chennai-Perambur-Gummidipundi), NH205 (Chennai-Tiruvallur) SH56 (Perambur-Ponneri), and SH50 (Tiruvallur-Uthukotai), and connections to Vellore, Aarani, Thiruvattipuram, Kancheepuram, Chengalpattu, and Vandalur in Chennai, Kancheepuram, Vellore, and Tiruvallur districts. Notably, Bharat Sanchar Nigam Limited (BSNL) maintains all major communication links connecting Isro’s space centre.

08.07 / 16:07

UPS Citi Progressive Manufacturing Action Southern Railway Minister inspects production of state-of-the-art Vande Bharat trains at ICF in Chennai

Ashwini Vaishnaw on Saturday visited the Integral Coach Factory and inspected the manufacturing of Vande Bharat trains at the facility here. On a brief visit to the city, Vaishnaw, accompanied by senior officials of the ICF, took stock of the production of the latest new-generation high-speed trains and went around the sprawling campus.

08.07 / 13:43

UPS Citi Progressive Metro Govt appoints K Rajaraman new IFSCA chairman

telecom secretary K Rajaraman will be the next chairman of the International Financial Services Centres Authority (IFSCA), the finance ministry said on Saturday. He will succeed Injeti Srinivas, who had taken over as the first chairman of the IFSCA in early July 2020 for a period of three years. In a notification, the department of economic affairs (DEA) said Rajaraman, a 1989 batch Indian Administrative Service Officer of the Tamil Nadu batch, is appointed “for a period of three years with effect from the date of assumption of charge of the post, or till attaining the age of 65 years, or until further orders, whichever is the earliest”.

08.07 / 12:35

Career MS Dhoni's unique birthday celebration is breaking internet: Here's a glimpse shared by maestro himself

A post shared by M S Dhoni (@mahi7781) In the video, MS Dhoni can be seen cutting a small cake and feeding it to the dogs who seem very excited around Mahi. In less than 30 minutes, the video broke the internet and accumulated over one million reactions. MS Dhoni is one of the world's best cricketers and is known as someone who knows how to play under difficult conditions.

08.07 / 07:15

Twitter Sourav Ganguly turns 51: Birthday wishes pour in for the Prince of Kolkata

Sourav Ganguly, who is considered as of the greatest captains of all time, turned 51 on Saturday. As the ace Indian batter gets ready to announce «something special» on his 51st birthday, social media was flooded with good wishes and birthday posts for Dada. Board of Control for Cricket in India Secretary Jay Shah was one of the early well-wishers to celebrate the cricketer's birthday on social media.

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