Chennai

TVS Emerald buys land in Chennai for Rs 2,800 crore real estate project

TVS Emerald has bought a 12-acre land to develop a real estate projects worth about Rs 2,800 crore. The company did not disclose the cost of the acquisition of the land, which is located on Radial Road (PTR) in Chennai. The land will have a development potential of 2.5 million square feet and a revenue potential of Rs 2,800 crore, the company said in a statement. This marks the third acquisition of land by TVS Emerald in the current fiscal. Earlier, the company acquired a 4-acre land parcel in Padur, Chennai and a 4-acre parcel in Thanisandra, Bengaluru. Sriram Iyer, Director & CEO, TVS Emerald, said, "This landmark acquisition, reinforces our commitment to strategic growth and market leadership in Chennai and Bengaluru." By securing this land on the premium Radial Road corridor, he said, the company is expanding footprint and creating substantial value for its stakeholders. "This move aligns perfectly with our vision of developing world-class properties in high-potential ...

Who is Sriram Krishnan, the Chennai techie chosen by Trump as AI advisor?

Sriram Krishnan is expected to shape the Trump administration's AI policy. In 2021, Krishnan and his wife Aarthi Ramamurthy gained recognition as the hosts of a podcast

Tamil Nadu achieves milestone with over 10,000 DPIIT-registered startups

Tamil Nadu has achieved a milestone by registering over 10,000 startups with the Department for Promotion of Industry and Internal Trade (DPIIT), under the Union Ministry of Commerce and Industry, the state government said on Sunday StartupTN has played a crucial role in nurturing the ecosystem by implementing various schemes and initiatives like funding programmes, mentorship opportunities and incubation support, StartupTN Mission Director and CEO Shivaraja Ramanathan said. The state's startup ecosystem has been 'thriving' with 9 regional hubs and a metro hub in Chennai, providing a robust infrastructure for budding entrepreneurs to grow, he said. "Tamil Nadu has achieved a remarkable milestone of 10,000 DPIIT registered startups, a significant jump from 2,300 in March 2021. This exponential growth can be attributed to the revival of StartupTN under the leadership of Chief Minister M K Stalin focusing on supporting startups and fostering innovation," Ramanathan said in a social med

IndiGo launches daily direct flights between Chennai and Penang in Malaysia

IndiGo has launched daily direct flights between Chennai and Penang in Malaysia on Saturday, becoming the 37th international destination for the private airliner. The new route caters to the growing demand for travel between the two cities, offering both business and leisure travellers a convenient and affordable option, IndiGo said in a statement on Saturday. "We are extremely pleased to further expand our network into Malaysia with the launch of direct flights from Chennai to Penang, our third destination in Malaysia, alongside Kuala Lumpur and Langkawi. With the inclusion of these flights to Penang, IndiGo will now operate 28 weekly flights to Malaysia from 2 cities in India" IndiGo Head of Global Sales Vinay Malhotra said in a statement. At the inaugural ceremony, Chennai Airport director C V Deepak handed over the boarding pass to the first passenger on Saturday. "Your gateway to Malaysia's crown jewel! The inaugural flight (6E1045) of IndiGo from Chennai to Penang was marked

Watch: Ravichandran Ashwin returns home after announcing retirement from international cricket

Taiwan laptop maker MSI begins manufacturing in India with Chennai facility

Taiwanese laptop maker MSI on Tuesday announced the commencement of its manufacturing operations in India with its first facility in Chennai. In line with the objective of "Make in India", MSI will introduce locally-produced versions of two laptop models -- the MSI Modern 14 and MSI Thin 15, a company statement said. "India has become one of MSI's fastest-growing markets, with the brand consistently expanding its presence across the country. "As demand for high-performance laptops continues to rise, MSI is excited to contribute to India's thriving tech ecosystem by offering locally manufactured devices that meet global standards," the statement said. To enhance the accessibility of products in India, MSI is increasing the number of touchpoints, including more laptop brand stores and availability at Croma and Reliance Retail, it added. The India-made Thin and Modern series of laptops will be available at retail prices starting at Rs 73,990 and Rs 52,990, respectively. Looking ahea

ICMR sets up India's first diabetes biobank in Chennai for research

The country's first diabetes biobank, a repository of population-based biological samples aimed at supporting scientific research, has been established in Chennai by the Indian Council of Medical Research (ICMR) in collaboration with the Madras Diabetes Research Foundation (MDRF). The biobank set up at the MDRF, Chennai aims to gather, process, store and distribute biospecimens to assist scientific studies with the permission of the ICMR. The biobank will facilitate advanced research on the causes of diabetes, the variations of the Indian type of diabetes and related disorders, said Dr V Mohan, chairman of the MDRF and Dr Mohan's Diabetes Specialities Centre. The biobank has blood samples from two ICMR-funded studies -- the ICMR-?India Diabetes (ICMR-?INDIAB) study conducted in all states and Union territories in phases from 2008 to 2020 and the "Registry of people with diabetes in India at a young age at the onset", which was launched in 2006 and is still ongoing. A plethora of bl

Aim to open 100 hospitals by 2025: Maxivision Super Specialty Chairman

Leading eye care provider Maxivision Super Specialty Eye Hospitals has launched its 48th facility in Tamil Nadu as it targets to establish about 100 hospitals nationwide by 2025, a top official said on Friday. Established under the vision of 'Project Velicham' in association with the Tamil Nadu government, the hospital in Kumbakonam spread over 7,000 sq ft of land, offers two operation theatres, six consultation rooms, and specialised clinics for diabetic retinopathy, cornea, glaucoma, dry eye, pediatric eye care services, among others. Tamil Nadu Minister for School Education Anbil Mahesh Poyyamozhi formally inaugurated the hospital on Friday, in the presence of Kumbakonam MLA G Anbalagan, Maxivision Group CEO VS Sudheer, and others. "Our new hospital in Kumbakonam reflects Maxivision's commitment to making top-notch eye care accessible to every corner of Tamil Nadu. Through this expansion, we aim to strengthen our position as leaders in the eye care sector,.." said Maxivision Supe

Tamil Nadu schools shut as heavy rains lash state; IMD issues yellow alert

Schools in Tamil Nadu remain closed due to heavy rains, with the IMD predicting more showers, while Northern India braces for a cold wave starting December 9

Rockwell Automation betting on turning India into manufacturing hub

After utilising India's strengths in IT and software for its global operations, Rockwell Automation is betting on turning India into an important manufacturing hub, a senior company official has said. The US-headquartered automation major has started work on a factory in Chennai that will get commissioned in two phases, its president for Asia Pacific region Scott Wooldridge told PTI on the sidelines of the company's automation fair here. "both for software development and for manufacturing, we see India is going to be a very important hub for Rockwell," Wooldridge said at a time when the country is trying to increase the contributions of the manufacturing industry in the overall economy. The company had taken initial steps on manufacturing in the country about two years ago and the Chennai plant will be an extension of the same, he added. It can be noted that many global companies have been looking at the 'China plus one' strategy, which aims to reduce the reliance on India's north

Lumina Datamatics to acquire Chennai-based TNQ Tech for Rs 336 crore

Lumina Datamatics on Monday said it has signed a definitive agreement to acquire a 100 per cent stake in TNQ Tech, a Chennai-based digital publishing technology company. The acquisition is expected to be completed in two tranches, with 80 per cent stake to be purchased by December 31, 2024, and the remaining 20 per cent by July 31, 2026, company MD and CEO Sameer Kanodia said. "The first tranche will cost Rs 336 crore, with the second tranche's price determined by future EBITDA metrics. "This acquisition will collectively strengthen us to over 6,500 employees globally and establish us amongst the dominant service providers in the world of digital content," he said. Post acquisition, TNQ will become a stepdown subsidiary of Datamatics Global Services, according to a regulatory filing. Lumina Datamatics is a subsidiary of Datamatics Global Services. Kanodia further said the acquisition will enable Mumbai-based Lumina Datatmatics to strengthen its suite of AI-enabled technology and .

Be prepared for unwarranted remarks in politics, says SC in defamation case

One should be ready to receive all sorts of unwarranted and unnecessary compliments upon entering politics, the Supreme Court observed on Wednesday while hearing union minister L Murugan's plea in a defamation case. The apex court in September 2023 stayed the criminal defamation proceedings against Murugan on a complaint filed by Chennai-based Murasoli Trust for his alleged defamatory statements at a press conference in December, 2020. Murugan, union minister of state for Information and Broadcasting, moved the top court challenging the September 5, 2023 order of the Madras High Court, which refused to quash the defamation proceedings. When the matter came up for hearing on Wednesday before a bench of Justices B R Gavai and K V Viswanathan, it asked his counsel, "Are you willing to make a statement that you had no intention to defame?" The counsel appearing for the trust said that persons holding office had to be responsible. "Free speech issues, you have to have breathing space,"

TN CM announces cyclone relief fund of Rs 2,000 to rain-affected families

The families in Villupuram, Cuddalore and Kallakurichi districts which bore the brunt of damage caused by Cyclone Fengal would be provided a relief of Rs 2,000 each, Tamil Nadu Chief M K Stalin announced on Tuesday. Chairing a meeting at the Secretariat here to assess the damage due to rain in the state, the chief minister directed the officials to provide a relief sum of Rs 2,000 on the basis of family ration cards to families whose livelihood was affected due to a very heavy rain in Villupuram, Cuddalore and Kallakurichi districts. These districts witnessed unprecedented rain for more than two days. The meeting decided to extend relief assistance to the rain-hit people in Villupuram, Kallakurichi, Thiruvannamalai, Cuddalore, Dharmapuri and Krishnagiri districts, and extend Rs 5 lakh as compensation each to the families who lost their kin due to cyclone or floods. The government has decided to provide Rs 10,000 as compensation for damaged huts, give priority to construct houses und

Rain hit TN districts battle with inundation woes, roads remain cut off

Several districts in Tamil Nadu adversely battered by torrential rain are battling with inundation woes, badly damaged roads and lack of access to essential commodities. In certain areas like Arasur in Villupuram district, people confronted with depleted essential commodities, resorted to a sudden agitation demanding the essentials. Prime Minister Narendra Modi spoke to Chief Minister M K Stalin on Tuesday to enquire about the flood situation in parts of the state and assured him of all possible support from the Centre. As per an estimate by the Tamil Nadu government, Cyclone Fengal caused unprecedented devastation in 14 districts, extensively damaging roads, electricity lines and caused heavy inundation. The sudden deluge not only inundated vast areas but also displaced the population and severely impacted the infrastructure. The "catastrophic event" resulted in the loss of 12 human lives, 2,416 huts, 721 houses and 963 cattle. Widespread damage was also caused to agriculture and

PM Modi dials CM Stalin over flood situation in TN, assures assistance

Prime Minister Narendra Modi assured all possible help and support to Tamil Nadu owing to the flooding caused by Cyclonic storm Fengal

Tamil Nadu CM Stalin declares Rs 5 lakh ex-gratia for 7 killed in landslide

This comes after seven people including five children were trapped under the ground in a landslide in Thiruvannamalai district

Cyclone Fengal: Puducherry schools, colleges to remain shut today

Cyclone Fengal, which made landfall on the coasts of Tamil Nadu and Puducherry on Saturday, November 30, has caused widespread flooding in several areas, particularly in Cuddalore

Cyclone Fengal weakens, but heavy rainfall continues in TN, Puducherry

The Indian Meteorological Department (IMD) on Monday stated that the depression, a remnant of Cyclonic Storm Fengal over the north coastal Tamil Nadu and Puducherry, moved west-northwestward at a speed of 7 km/h during the past six hours and was centred at 11"The depression (remnant of Cyclonic Storm Fengal) over the north coastal Tamil Nadu & Puducherry moved west-northwestward at a speed of 7 km/h during the past six hours and was centered at 23:30 IST on December 1, 2024, near latitude 12.2°N and longitude 79.2°E, about 40 km northwest of Villupuram, 70 km west-northwest of Puducherry, about 80 km northwest of Cuddalore, and 140 km southwest of Chennai," the IMD posted on X."It is likely to continue moving west-northwestward and gradually weaken into a well-marked low-pressure area over north interior Tamil Nadu during the next six hours. The remnant low-pressure area is expected to emerge over the southeast and adjoining east-central Arabian Sea off the north ...

News highlights: GST collection rises by 8.5% to Rs 1.82 trn in Nov, shows govt data

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Cyclone Fengal kills 19 in India, Lanka; Puducherry sees record rainfall

According to IMD, Puducherry recorded 48.4cm rainfall in the last 24 hours (till 8.30 am Sunday), which is the highest 24-hours cumulative rainfall in the last 30 years