Page 18 - Chennai

Gold price remains flat at Rs 63,760, silver unchanged at Rs 80,500

The price of 22-carat gold stayed unchanged, with the yellow metal selling at Rs 58,450

Cyclonic storm warning puts south Andhra, coastal Tamil Nadu on alert

A cyclonic storm is expected to cross South Andhra Pradesh and the adjoining North Tamil Nadu coast between Chennai and Machilipatnam in Andhra Pradesh around December 4 evening

Chennai-based Shrinithi Capital aims to double AUM to Rs 600 cr by 2024

Shrinithi Capital Pvt Ltd engaged in commercial vehicle and two-wheeler loans aims to double its total assets under management to Rs 600 crore by 2024, a top official said on Saturday. The Chennai-headquartered firm currently has assets under management of Rs 300 crore. Under its expansion drive, Shrinithi Capital Pvt Ltd has planned to strengthen foot prints in southern parts of the country. "Shrinithi's rapid ascent in the industry, coupled with exemplary collection figures even during challenging times, has garnered attention across the sector. As part of our expansion process, we plan to open 30 more branches in South India and aim to double our AUM from Rs 300 crore to Rs 600 crore by 2024," company managing director and CEO S Sellamani said in a statement. The company today tied up with ESAF Small Finance Bank to offer a business correspondent facility. Sellamani and ESAF Small Finance Bank executive vice president Hari Velloor exchanged documents as part of the tie-up betwe

Stalin takes stock of situation at Chennai control room after heavy rains

Schools in Chennai remain closed due to continuous heavy downpour. Several areas of the city face waterlogging due to incessant rainfall

Development of infra, transformation of Chennai under Smart City mission

Pedestrian-friendly roads, smart classes, parks for disabled children, cycling tracks, an intelligent traffic system and rejuvenating water bodies are some of the projects undertaken by authorities in Chennai to transform it under the Smart Cities Mission, according to officials. A suspension bridge with a glass floor over the Villivakkam lake is also among such projects. As part of a pilot project, students of a school run by the Greater Chennai Corporation (GCC) in the Kottur area have been provided tablets, through which they are taught by their teachers, an official said. If the idea is successful, it will be implemented in other schools as well. Tamil Nadu Additional Chief Secretary and GCC Commissioner J Radhakrishnan said the Smart Cities Mission (SCM) has evoked a lot of enthusiasm among people and that is why the participation is high. The commissioner said that under the mission, Chennai has been doing a number of activities. "Specifically, we have created a command and

21 fishermen reach Chennai after being released from Sri Lanka prisons

A total of 64 fishermen who belong to Rameshwaram and Mandapam were arrested in three separate arrests by the Sri Lankan Navy, allegedly for cross-border fishing in the month of October

Fortis Hospitals to sell Malar Hospital in Chennai for Rs 45.5 cr

Fortis Malar Hospitals Ltd on Friday said it will sell Malar Hospital at Gandhi Nagar in Chennai for Rs 45.5 crore to MGM Healthcare Pvt Ltd. The company has signed a definitive agreement for the sale of its business operations pertaining to Malar Hospital at Gandhi Nagar, Adyar, Chennai, to MGM Healthcare (MGM), a prominent healthcare delivery service provider, Fortis Malar Hospitals Ltd said in a regulatory filing. The sale consideration is about Rs 45.5 crore, it added. Adjunct to this transaction, the OPD and radio diagnostics business operations related to the Malar Hospital, including the land and building, and the adjacent land parcels, are also being divested by two wholly owned subsidiaries of Fortis Healthcare Ltd -- Fortis Health Management Ltd, and Hospitalia Eastern Pvt Ltd -- to MGM, it added. Fortis Healthcare owns a 62.7 per equity stake in Fortis Malar Hospitals. The transaction will be an all-cash deal and is expected to be consummated by the end of January, sub

'Days of Russian Language in India' to be celebrated in New Delhi, Chennai

The event has been commissioned by the Federal Agency for the Commonwealth of Independent States, Compatriots Living Abroad, and International Humanitarian Cooperation

India-Russia new sea trade route plan in final stages of clearances

The Indian authorities have identified coking coal, crude, liquefied natural gas (LNG) and fertilisers as major commodities that will be traded in the route

LIVE: ED summons Delhi CM Kejriwal for questioning in excise policy case

Catch all the latest updates from across the globe here

Ericsson announces setting up 6G research and development centre in Chennai

Swedish telecom gear maker Ericsson on Saturday announced setting up a 6G research and development centre in Chennai. Ericsson is also looking to partner with other premier engineering institutes in India for 6G-related research. "This R&D centre in India is a small unit which will become bigger. We only have three in the world. One in Sweden, second in the US and the third one in India. They are all cooperating in 6G-based research," Ericsson, Head of Market Area Southeast Asia, Oceania, and India, Nunzio Mirtillo said at India Mobile Congress. Ericsson's rival Nokia has already set up a 6G lab in Bangalore about two weeks back. India's vision to have ubiquitous coverage under 6G technology has been accepted by UN body ITU's Study Group in its meeting held in Geneva-- a move that is expected to reduce the cost of deployment of the next-generation technology. ITU is responsible for developing international mobile telecommunication standards. Prime Minister Narendra Modi during hi

Petrol bombs thrown at Tamil Nadu governor's house, BJP blames DMK govt

A man was arrested for throwing molotov cocktails at Raj Bhavan in Chennai on Wednesday

Industrial & Logistics sector leasing to touch 5-year high in 2023: CBRE

In the July-September quarter, Chennai recorded the highest absorption of 2.1 msf followed by Bangalore and Mumbai

Nokia's Chennai factory achieves 7-million-unit production milestone

The factory manufactures 5G New Radio (5G NR), 5G massive MIMO products, 4G/LTE radios as well as Fiber Broadband equipment among others

Nokia achieves 7 mn telecom gear production milestone at Chennai plant

Finnish telecom company Nokia on Thursday said its Chennai plant has achieved the production milestone of 7 million telecom network gear units. The company started the plant 15 years ago and is one of the largest factories of Nokia globally. "Nokia's factory in Chennai has reached a significant production milestone by reaching seven million telecom units. The factory has completed fifteen years of operation this year and is playing a key role in boosting telecom equipment manufacturing in the country," Nokia said. The factory manufactures 5G New Radio (5G NR), 5G massive MIMO products, 4G or the LTE radios as well as fiber broadband equipment among others. Nokia exports approximately 50 per cent of the production. "Further, it (Nokia) has progressively increased the localization of components by up to 2 times compared to previous years in 5G equipment manufacturing," the statement said. The company had announced the start of manufacturing 5G telecom gears in India even before the

Cricket World Cup 2023 IND vs AUS Playing 11, toss result, streaming

Australia won the toss and elected to bat first against India on a pitch that is expected to assist spinners. Hotstar will live stream the India vs Australia World Cup match in India for free.

Hitachi Energy's largest global tech, innovation centre comes up in Chennai

Facility will house over 2,500 technologists specialising in transformers and grid automation

Against the flow

Cauvery dispute highlights poor water management policies

Technical issue affects outbound international services at Chennai airport

A server problem led to disruption in services at the International Departure at the city airport here on Wednesday, affecting 9 outbound services and about 1,500 international passengers, officials said. The technical issue that was noticed around 1.30 am was fixed by 6 am, they said. Only international departures were affected, impacting printing of boarding passes and baggage handling, officials added. International services to destinations including Colombo, Dubai and Bangkok suffered delays.

IRCTC launches 4 days/3 nights Chennai-Shirdi package for devotees

IRCTC launched a three-night and four-day package for devotees who want to visit Shirdi Sai Baba. Here's everything you need to know about IRCTC Chennai-Shirdi package