Page 5 - Chennai

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

India's data centre capacity to grow to 2,000-2,100 MW by March 2027: ICRA

India's data centre (DC) operational capacity is expected to increase to 2,000-2,100 MW by March 2027 from around 1,150 MW as of December 2024, on the back of data usage and data localisation initiatives, according to rating agency Icra. Indian data centre players are projected to invest Rs 2-2.3 lakh crore, with a development pipeline of 3-3.5 GW to be delivered over the next 7-10 years. "Driven by AI requirements, the global DC market has already witnessed multiple large deals (>300 MW) signed by hyperscalers and India is expected to follow the trend. This, coupled with favourable regulatory policies and an infrastructure status for the DC sector will support strong growth prospects in India in the coming decade," Anupama Reddy, Vice President and Co-Group Head, Corporate Ratings, Icra said. While cloud, 5G rollout, machine learning and internet of things (IoT) are expected to generate enormous data and storage requirements, GenAI-led high computing requirements present a new .

Danfoss Power Solutions begins work on ₹1,000 cr manufacturing unit in Pune

Danfoss Power Solutions, a global supplier of mobile and industrial hydraulics and electric powertrain systems, conducted a groundbreaking ceremony on Tuesday for the establishment of a state-of-the-art facility in Pune, with an investment of Rs 1,000 crore, the company said. This strategic investment will double the company's manufacturing footprint in India, driving innovation and supporting sustainability initiatives. The facility in Talegaon, Pune, will be Danfoss' seventh manufacturing unit in India. The company currently has additional manufacturing facilities in Chennai, Mumbai, Vadodara, Bengaluru, and two other units in Pune. Spread across 44 acres, the proposed facility in Talegaon will enhance Danfoss' production capacity for existing products, including pumps, motors, cylinders, and valves. It will also manufacture new product lines to meet growing customer demand, the Chennai-based company said in a statement. The Talegaon facility will strengthen Danfoss' ability to

Lok Sabha MP's secy loses over Rs 1L after calling fake helpline number

According to the police, the victim was attempting to book a train ticket from Chennai to Kumbakonam, Tamil Nadu, through a mobile application

Lennox India announces $6 million investment to expand Chennai GCC

The expanded GCC in Chennai is equipped with state-of-the-art facilities designed to support Lennox's global operations in HVACR solutions

Ed Sheeran concert: Chennai traffic police issues advisory on diversions

Pop singer Ed Sheeran is on his India tour and his shows will take place in six cities. After Pune and today's Chennai shows, his next concert will be in Bengaluru, Hyderabad, Shillong and Delhi

Ed Sheeran 2025 India Tour: How to book tickets online, prices and more?

After Coldplay's thrilling concert, British pop sensation Ed Sheeran kicked off his six-city tour across the country from January 30. His upcoming performance will hit today at Chennai

Sridhar Vembu steps down as Zoho CEO; Shailesh Kumar Davey to succeed

In the surprise move, Vembu also added that he will be taking charge as the chief scientist of the company, overseeing the research and development division

Garuda Aerospace to deploy drones along Chennai coast to protect turtles

Drone manufacturer Garuda Aerospace would deploy its drones free of cost over the next three months, to take up surveillance along the city's coastline, to protect the endangered Olive Ridley sea turtles, the company said. The initiative comes in the backdrop of over 300 such turtles were found dead in recent times in Chennai coastal region. The plan aims to support the conservation efforts by combating illegal fishing practices. In a statement on Sunday, Garuda Aerospace said it was partnering with the Tree Foundation and the department of Forest and fisheries for this operation. "We are deeply concerned by the recent mass deaths of Olive Ridley turtles. The plight of the turtles demand immediate action and long-term solutions. By deploying our drones free of charge for the next three months, we are directly intervening to protect the nesting sites, deter illegal fishing and give these hatchlings a chance at survival," said Garuda Aerospace CEO Agnishwar Jayaprakash. "We believe t

Zepto launches women-only dark store in Madambakkam area of Chennai

This initiative ensures that every order placed in the region is managed entirely by an all-women team, from picking to packing

From Adani to Vedanta, global giants drop anchor in Thoothukudi Port race

Adani, Vedanta, DP World among key players vying for Rs 7K crore project; bids to open on February 11, first phase set to sail by 2028

Ceat Chennai unit enters elite league of WEF's Lighthouse Network

At the Chennai unit, the deployment of advanced analytics and real-time monitoring systems has resulted in a reduction of cycle times by 18% and operational costs by 31%

Indian Overseas Bank Q3 results: Net profit rises 21% to Rs 874 crore

The Chennai-based bank posted a total income of Rs 8,409 crore during the quarter under review versus Rs 7,437 crore in the same period last year

Exports will be key driver, growing at rate of 25% every qtr: MRF V-C & MD

MRF Vice-chairman about the company's growth strategy, export roadmap, and raw material price concerns, among others