Page 22 - Chennai

Chennai ranks among top 5 in digital payment transactions in 2022: Report

Chennai has emerged as one of the top digital payment transactions cities in 2022 in the country, a report by payment services firm Worldline India said on Tuesday. The capital city in terms of volume has made 14.3 million transactions with a value of USD 35.5 billion, Worldline India said in its report. Bengaluru emerged on top with 29 million transactions worth USD 65 billion followed by New Delhi 19.6 million transactions worth USD 50 billion, Mumbai (18.7 million transactions worth USD 49.5 billion), Pune (15 million transactions valued at USD 32.8 billion), the report said. "I am amazed every day to see the incredible progress we have made in the digital payments ecosystem over the past few years. The adoption of multiple payment solutions is a boon in our journey to realise the dream of a less-cash India," Worldline India CEO Ramesh Narasimhan said. "In 2023 and beyond, Worldline will continue to collaborate with our merchants, partner banks, fintechs, e-commerce players and

Chennai garners $2.88 bn investment in real estate sector between 2018-22

Chennai has garnered investments worth USD 2.88 billion in real estate during the period 2018-22, making the city among the top five in the country, a study undertaken by real estate consulting firm CBRE South Asia said on Tuesday. Across India, the real estate sector attracted investments of USD 43.3 billion between 2018-2022. Chennai recorded investments totaling to USD 0.9 billion during 2018-22 into land acquisition accounting eight per cent of the total land acquire since 2018. Over 60 per cent of the investments were in core and core-plus investment strategies, the report has revealed. According to CBRE Chairman and chief executive officer, India South East Asia, Middle East and Africa Anshuman Magazine, "in the next two years, we expect investment inflows to remain steady with cumulative inflow of USD 16 -17 billion." "Taking into account the historical and current trends and the capital that existing investment platforms have raised over the past two -three years, we ...

Mitsubishi Electric to set up AC manufacturing plant in Chennai

Mitsubishi Electric will set up a plant to manufacture air conditioners and compressors at Mahindra World City Developers' industrial park in Chennai with an investment of USD 222 million. The new factory will be Mitsubishi Electric's first air conditioners and compressors manufacturing facility in India. This factory will cater to the growing air conditioner demand in the domestic market and is expected to begin operations by October 2025, Mahindra Lifespace Developers said in a regulatory filing. Mahindra Industrial Park Chennai Ltd (MIPCL), a joint venture between Mahindra World City Developers Ltd and Sumitomo Corporation of Japan, has signed Mitsubishi Electric India Pvt Ltd and has given land in its industrial park to set up the facility, it added. "Recognised as the world leader in electric and electronic equipment manufacturing, Mitsubishi Electric will set up a plant to manufacture air conditioners and compressors spread across 52 acres at Origins by Mahindra, Chennai," the

Origins by Mahindra signs Mitsubishi Electric for $222 mn Chennai project

The new unit will be Mitsubishi Electric's first air-conditioner and compressor manufacturing plant in India; is expected to begin operations by October 2025

PM Modi flags off Chennai-Coimbatore Vande Bharat Express in Tamil Nadu

Prime Minister Narendra Modi on Saturday flagged off the Chennai-Coimbatore Vande Bharat Express, which is expected to cut down the travel time between the state capital here and the western industrial city by more than one hour. At a function at the Dr MGR Chennai Central Railway Station, the PM flagged off the inaugural special, loaded with modern features and passenger amenities. He also interacted with school students in the train. "It is the fastest train between the two cities with a travel time of 5 hours and 50 minutes, saving more than an hour of journey time," an official release said. The train, the first to connect two Tamil Nadu cities, has enhanced passenger safety with indigenous automatic train protection system 'KAVACH', CCTV cameras in all coaches and automatic sliding doors. Divyang (differently-abled) friendly washrooms, seat handle numbers in Braille script, modern amenities like LED lights and 360-degree rotatable seats are the other features. Railway Ministe

PM Modi inaugurates phase 1 of Chennai Airport's new terminal building

Prime Minister Narendra Modi on Saturday inaugurated the Rs 1,260 crore New Integrated Terminal Building (Phase-1) of the Chennai International Airport, a facility that will boost passenger handling. The NITB is uniquely designed to showcase the rich culture and heritage of the state. "The addition of this new integrated terminal building will increase the passenger serving capacity of the airport from 23 Million Passengers Per Annum (MPPA) to 30 MPPA. The new terminal is a striking reflection of the local Tamil culture, incorporating traditional features such as the Kolam, saree, temples, and other elements that highlight the natural surroundings," the government said. Each and every design integrated into the building is well thought out. The columns are designed to create the visual effect of a palm tree, ceilings are adorned with motif lights, reflecting the Kolam (Rangoli) patterns of South India, and the roof design is derived from Bharatnatyam, the Airports Authority of Indi

'GetoutRavi' posters appear in Chennai after TN Guv's "Bill is dead" remark

Tamil Nadu CM Stalin slammed the Governor and alleged that he "escaped" from his duties and did not give assent to 14 bills

Amid US watchdog heat, it is life as usual at Global Pharma'S Chennai unit

The firm ran into trouble after the US FDA informed it of 55 cases of adverse events on the use of its eye drops, some of which caused permanent loss of vision and at least one caused death

IPL 2023, CSK vs LSG Highlights: Moeen makes it memorable for Chennai crowd

Indian Premier League 2023 Highlights, CSK vs LSG: Moeen Ali made it a memorable night for the home fans at Chepauk as he picked four wickets and helped the Super Kings beat Super Giants by 12 runs

Chennai, Kamarajar Ports eye 100 million metric tonne cargo in FY24

The Chennai Port Trust and its subsidiary Kamarajar Port Ltd have set a target of crossing 100 million metric tonne of cargo in the current financial year, a top official said here on Monday. Both the ports handled 92.46 million metric tonne of cargo in the last financial year, Chairman and Managing Director Sunil Paliwal said. On the performance of the Ports, he said Chennai Port Trust handled 48.95 million metric tonne of cargo, which was up by 0.8 per cent from 48.56 million metric tonne handled last year. Kamarajar Port handled 43.51 million metric tonne of cargo in 2022-23 up by 12.31 per cent from 38.74 million metric tonne recorded the previous year. "Container is the major cargo handled by Chennai Port Trust. It is about 58 per cent. While liquid bulk and dry bulk cargo also witnessed a good growth this year," he told reporters. To a query, the Chairman said exports of automobiles grew last year at Chennai Port Trust following the signing of agreements with several automaj

Chennai: Kalakshetra dance teacher arrested over sexual harassment charges

A dance professor of Kalakshetra Foundation's Rukmini Devi College of Fine Arts, accused of sexual harassment, was arrested on Monday, police said. The city police arrested Hari Padman, the faculty, against whom the police had earlier booked cases under Indian Penal Code Sections 354A (sexual harassment) and 509 (use of acts intended to insult the modesty of a woman) along with Section 4 of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act based on a complaint. He is among four faculty members accused of sexual harassment at the prestigious institution. On April 2, a team of Tamil Nadu police went to Kerala to record the statements of witnesses in the sexual harassment case against Padman, police added.

Citigroup CEO visits Chennai, discusses about GCC landscape in India

Citigroup CEO Jane Fraser along with top management officials visited the company's Citi Solutions Centre here and held discussions about the landscape of Global Capability Centres (GCC) in the country, the company said on Friday. On her maiden visit to Chennai and to any Citi Solutions Centre in the country, Fraser during her brief visit was engaged with teams across operations and technology on their projects and capabilities managed out of the Citi Solutions Centre. "Jane's visit to the Citi Solutions Centre in Chennai was her first to any CSC in India. For more than a decade, our CSCs have extended stellar support to Citi businesses in more than 80 countries (of Citi's total footprint in 95 countries," Citi India CEO Ashu Khullar said in a company statement. "This visit was a reaffirmation of Citi's focus on capturing the India opportunity by growing its institutional clients businesses and building scale and expertise with the exceptional talent that we have across Citi in ...

Chennai unit severance package for over 2,592 staff cost Ford Rs 1,296 cr

Average pay worked out to Rs 44.8 lakh per employee; The company is yet to find buyers for the unit

Chennai's Renaatus gets $ 29 mn contract expand Maldives airport

Project funded by Exim Bank of India, involves constructing an air traffic control tower, fire station and upgrading terminal

Second G20 framework working group meeting concludes in Chennai

Around 87 delegates from G20 member countries, invitees, and international organizations attended the meeting

IMD predicts light to moderate rain within next 3 hours in parts of Chennai

Though the maximum temperature has risen across the state, north easterlies prevail over the region in the lower tropospheric would give showers to south coastal Tamil Nadu, the Met said

Chennai police to launch Artificial Intelligence powered hi-tech drone unit

Drones equipped with hi-tech cameras and powered by Artificial Intelligence would form part of an exclusive 'police drone unit' set to be launched soon, the Greater Chennai police on Saturday. The unit to be launched shall comprise six swift action surveillance drones, a heavy-lift multirotor drone and two long range surveillance drones, they said adding they have a range of 5-10 kilometers. The drones have multiple uses, like assessing crowd for management purpose and identifying accused using 'facial recognition feature.' The drones with features ranging from Automatic Number Plate Recognition (ANPR) to thermal cameras are expected to help authorities in more than one way. Taking an appropriate decision by precisely monitoring the ground situation and using them even during night are among the uses. Launch of apps for use by police authorities including one to tackle/prevent cyber crimes are on the cards, a senior police officer said.

Sea level rise major risk for Asian megacities like Chennai, Kolkata: Study

Sea level rise this century may disproportionately affect certain Asian megacities, including Chennai and Kolkata, as well as western tropical Pacific islands and the western Indian Ocean

Online sealing done to prevent further damage to crude oil pipeline: CPCL

Chennai Petroleum Corporation Ltd and Indian Oil Corporation have completed online sealing of the crude oil pipeline to prevent any further damage following the leakage that occurred last week on the Nagore Pattinacherry coast in Tamil Nadu, officials said on Sunday. Currently, the officials of the Indian Oil group company are engaged in the flushing of the pipeline in a controlled manner to make the pipeline "hydrocarbon free". "No abnormality was observed today," CPCL said in its update today. A mobile oil recovery unit and oil dispersants were used to avoid any impact to the environment due to the leakage, it said. Officials from CPCL and IOCL were working round the clock while the Nagapattinam district administration has been extending its full support to the operation. Meanwhile, fishermen from the village in Nagapattinam district reportedly continued their agitation today demanding the authorities to remove the underwater pipeline. Fishermen claimed fish died due to the oi

Chennai, Kolkata, in India, at particular risk due to sea level rise: Study

Sea level rise this century may disproportionately affect certain Asian megacities as well as western tropical Pacific islands and the western Indian Ocean, according to a new research. The research team identified several Asian megacities that may face especially significant risks by 2100 if society continued to emit high levels of greenhouse gases: Chennai, Kolkata, Yangon, Bangkok, Ho Chi Minh City, and Manila. The study looked at the effects of natural sea level fluctuations on the projected rise due to climate change, it said. It did so by mapping sea level hotspots around the globe. The study is published in the journal Nature Climate Change. Scientists have long known that sea levels will rise with increasing ocean temperatures, largely because water expands when it warms and melting ice sheets release more water into the oceans. Studies have also indicated that sea level rise will vary regionally because shifts in ocean currents will likely direct more water to certain ..