Page 5 - Chennai

Buying a car in Maharashtra? Proof of parking space may soon be mandatory

If you can't park it, you can't register it. Maharashtra government is likely to mandate proof of parking space for new vehicle registrations; aims to curb congestion and illegal parking in cities

₹2,203 crore green push can ease Chennai's climate challenges: CSTEP

A CSTEP report says investing in nature-based solutions like wetlands, green rooftops and permeable pavements can mitigate flooding, heat and pollution in Chennai

RBI gives in-principle nod to Emirates NBD for India subsidiary setup

The Reserve Bank of India on Monday said it has decided to grant "in-principle" approval to UAE-based Emirates NBD Bank PJSC for setting up a wholly-owned subsidiary in India. Emirates NBD Bank PJSC is currently carrying on banking business in India in branch mode through its branches located in Chennai, Gurugram and Mumbai. "The in-principle approval has been granted to the bank for setting up a WOS (wholly-owned subsidiary) through conversion of its existing branches in India," the Reserve Bank said in a statement. RBI further said it would consider granting a licence for commencement of banking business in WOS mode of the Banking Regulation Act, 1949 to Emirates NBD Bank PJSC, on being satisfied that the bank has complied with the requisite conditions laid down by RBI as part of "in-principle" approval. According to the bank's website, Emirates NBD India branches offer a range of banking services for both personal and corporate clients. It also offers an exclusive banking ...

Madras HC halts NEET-UG results after Chennai students cite power cut

The Madras High Court has granted an interim stay restraining authorities from releasing NEET-UG-2025 results after hearing the plea of several students who were affected due to power cut at an examination centre here. Justice V Lakshminarayanan, hearing the plea, granted interim stay on Friday and adjourned the matter to June 2 for further hearing. The crux of the submission of the students was that due to storm and heavy rainfall, there had been a power outage at PM Shri Kendriya Vidyalaya CRPF-Avadi, Chennai, which was their examination centre, from approximately 3.00 PM to 4.15 PM on the date of exam, i.e. May 4, 2025. According to an affidavit of 13 students, there were no backup facilities such as generators or inverters. "We were forced to write the examination under poor lighting conditions, and rainwater entered the examination hall, causing further disruption as we were asked to move from the assigned seats," they submitted. Despite the disruption, the examination ...

South Korean giant Samsung to invest ₹1,000 crore in Tamil Nadu plant

TRB Rajaa, minister for industries, investment promotion and commerce said that the electronics giant would be adding 100 more jobs at this facility

Leased space by industrial, warehousing sector up 15% in Q1 2025: Report

Engineering and ecommerce companies overtake third-party logistics companies in demand

Nature-based solutions key to climate resilience in coastal cities: Report

The uptake of permeable pavements could enhance stormwater drainage capacity, reducing surface runoff and mitigate flood risks, according to a new report by the Centre for Study of Science, Technology and Policy (CSTEP). The report titled "Urban Greenprints: A Nature-based Solutions Feasibility Framework for Urban Coastal Regions" by the Bengaluru-based think-tank has called for a paradigm shift in how India's coastal cities approach urban planning and climate resilience. Focusing on Chennai and Mangaluru in Karnataka, the report makes a compelling case for integrating Nature-based Solutions (NbS) in urban planning to address the escalating challenges of flooding, environmental degradation, and climate-induced vulnerabilities. "Both cities have witnessed a sharp decline in green cover and increased encroachments on natural water bodies. These changes, compounded by extreme weather events, have exposed the limitations of conventional grey infrastructure such as stormwater drains and

Chennai launches South India's first AC EMU train on suburban route

South India's first AC EMU chugged along the Chennai Beach-Chengalpattu corridor on Saturday, marking yet another significant episode in the suburban rail network that is often hailed by many as the transport lifeline of the city and its neighbourhoods. This is the first such service in southern India, an official said. The Chennai division of Southern Railway operates the service. The train is equipped with more features than the regular EMU rakes, such as automatic doors and passenger information system. The maiden service was flagged off from Chennai Beach to Chengalpattu at 7 am and saw eager passengers enjoying the ride. Many regular train commuters recalled the days of the iconic metre gauge that was phased out in 2004 to accommodate broad gauge rakes with more capacity, and expressed joy over the air conditioned Electric Multiple Unit (EMU) being introduced just during the peak summer. According to Southern Railway, the initiative was aimed at providing hassle-free, pleasa

ED attaches ₹121.8 crore assets in Neomax Properties money laundering case

ED's Chennai zonal office is attached to movable and immovable properties in various locations across Tamil Nadu. The market value of the attached properties is around Rs 600 cror

Sundaram Home Finance launches K'taka branch, eyes ₹900 cr loan disbursals

Sundaram Home Finance, a subsidiary of non-banking finance company Sundaram Finance Ltd, strengthened its footprint in Karnataka by launching a new branch in Tumkur. The company aims to disburse Rs 900 crore in the neighbouring State this year. The Chennai-headquartered company currently operates 18 branches across locations including Mysore, Mangalore, and Hubballi and has also planned to expand into Tier III cities this year. Commenting on the expansion in Karnataka, Sundaram Home Finance Managing Director D Lakshminarayanan said in a company statement on Friday: "We believe there are significant opportunities in smaller towns in Karnataka for our prime home finance business, and we aim to deepen our presence in these markets over the next 12 months." He added, "Karnataka currently contributes over 10 per cent of our disbursements, and we expect this to increase in the coming years, supported by our continued expansion in Tier II and III towns across the State." For the ...

Walmart leases 4.6 lakh sq ft in Chennai for Rs 3.26 crore monthly rent

The rent payable by Walmart will escalate by 4 per cent every year across the lease period that started on January 1, 2025

ED claims FEMA violation after raids on 'L2: Empuraan' producer's firm

The Enforcement Directorate on Saturday said it seized Rs 1.5 crore in cash after searching the premises of a chit fund company owned by Gokulam Gopalan, one of the producers of the Malayalam movie "L2: Empuraan", in connection with foreign exchange law violations. The federal agency said in a statement that the searches that were launched on Friday ended on Saturday. The action was initiated under the Foreign Exchange Management Act (FEMA) at one location in Kozhikode, Kerala and two locations in Chennai, Tamil Nadu at the residential and business premises of Sree Gokulam Chits and Finance Co. Pvt. Ltd., the ED said. The searches led to the seizure of Rs 1.50 crore in cash and "incriminating" documents in "violation" of FEMA, it said. There was no immediate response from Gopalan or his company on the ED allegations. The ED searches come in the backdrop of the recent controversy surrounding "L2: Empuraan", the second instalment of the "Lucifer" trilogy. Touted as one of the costl

Waqf Amendment Bill sparks mass protests in Kolkata, Chennai, Ahmedabad

Thousands staged protests in Kolkata, Chennai, and Ahmedabad against the Waqf (Amendment) Bill, 2025, with Mamata Banerjee and Vijay opposing the law and calling it anti-democratic

Fans, motors company ebm-papst to invest Rs 340 crore in Chennai factory

Fully operational plant will employ around 700 people and boost local production, says German firm

5 held for attacking YouTuber Savukku Shankar's Chennai home: Police

Savukku Shankar on Tuesday alleged that his house was ransacked in retaliation for exposing an alleged scam in the distribution of vehicles fitted with jet-routing machines

'North will make us secondary citizens': Revanth Reddy on delimitation row

Tamil Nadu CM MK Stalin held a meeting on delimitation in Chennai on Saturday, opposing a population-based approach; next meeting to take place in Hyderabad

Will fight until delimitation is conducted fairly: Stalin at first JAC meet

The JAC expressed deep concern over the lack of transparency and clarity in the impending delimitation exercise without any consultation with various stakeholders

13 Indian fishermen return to Chennai after facing detention in Sri Lanka

Flights tickets from Colombo (Sri Lanka's capital) to Chennai were arranged for the fishermen, sending them to India after issuing temporary passports

Sundaram Home expands presence in Chennai zone; aims Rs 50 cr disbursements

Sundaram Home Finance, a wholly owned subsidiary of non-banking finance company Sundaram Finance Ltd, has expanded its presence under the Emerging Business segment in the city, aiming to disburse Rs 50 crore over the next 12 months in the Chennai zone. The company inaugurated a new branch in Ambattur after establishing its first branch in Tambaram in January this year. In the Chennai zone, the company expects to register disbursements of Rs 50 crore. Sundaram Home Finance has already clocked disbursements of over Rs 200 crore in the Emerging Business segment and is looking to double this amount over the next 12 months, the company said. Commenting on the inauguration of the Ambattur branch, Sundaram Home Finance MD D Lakshminarayanan said, "Ambattur is rapidly growing into a separate township with increasing industrialization and a large number of manufacturing and IT firms in the area. We have been witnessing fast-paced infrastructure development in and around Ambattur." "In addit

NCLAT directs investigation against order passed by Chennai bench of NCLT

In a rare incident, appellate tribunal NCLAT has directed an investigation into an order passed by the Chennai bench of the National Company Law Tribunal (NCLT). The National Company Law Appellate Tribunal (NCLAT) has directed the President of NCLT to conduct an enquiry into an order passed by it on March 15, 2022 saying it "cannot ignore the fact that the manner in which the order of 15.03.2022, has been passed", appears "dubious" and "not plausible". The facts and submissions in the matter "raise questions over the functioning of NCLT", the appellate tribunal observed while passing the order. "The President, NCLT, is requested to look into the issue and conduct an enquiry, particularly in order to attach fairness to the proceedings of the NCLT so as to repose confidence in the public at large on these major issues," said two-member bench comprising Judicial Member Justice Sharad Kumar Sharma and Technical Member Jatindranath Swain. Moreover, the Chennai bench of NCLAT also direct