Yearly Archives: 2023

Trendlyne launches Starfolio, a free basket investing product

Chennai, May 2023 Trendlyne, India’s leading analytics platform for investors and traders launches Starfolio, a basket-investing product now available to investors and brokerages for free. With Starfolio, investors can buy featured Starfolio baskets or create their own baskets. They can add and remove stocks or ETFs in the basket, and also set stop …

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CM of TN,M.K. Stalin lays foundation ceremony for Air-conditioner and Compressor factory project by Mitsubishi Electric India (MEI)

Electronics equipment manufacturer Mitsubishi Electric India has signed a memorandum of understanding (MoU) on Tuesday,9th May 2023 with the Government of Tamil Nadu followed by a foundation laying ceremony. Hon’ble Chief Minister of Tamil Nadu, Thiru M.K. Stalin lays foundation laying ceremony for Air-conditioner and Compressor factory project by Mitsubishi Electric India (MEI) in the presence of Mr.Thangam Thennarasu(Hon’ble Minister of Industries,Government of Tamil Nadu), Mr.S Krishnan, I.A.S (Additional Chief Secretary to …

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Sonalika Commences FY’24 journey with a flying start; Records highest ever April overall sales of 12,590 tractors and highest market share gain 1.9% in the tractor industry

Chennai, May 2023 After registering a record-breaking performance in FY’23 of highest ever annual sales, Sonalika Tractors has ensured to carry forward the same momentum in FY’24 as well. India’s No1 tractor export brand, Sonalika has touched a new record of highest ever April overall sales of 12,590 tractors, underlining …

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Apsara Reddy hosted Dance Arangetram function of Dr.Sneha Mahalingam & Dr. Manisha Mahalingam

AIADMK Headquarters Chief Secretary Thiru Mahalingam’s daughters Dr Sneha and Dr Manisha happened on a grand scale at Narada Gana Sabha.  AIADMK General Secretary and Former CM Edappadi K Palaniswami was the chief guest. Music director Deva who was the guest of honour was seen thoroughly enjoying the divine performance …

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MakeMyTrip collaborates with Microsoft to reshape the travel booking landscape with generative AI

CHENNAI: In a landmark move, MakeMyTrip has collaboratedwith Microsoft to make travel planning more inclusive and accessible by introducing voice assisted booking in Indianlanguages. The new, in-platform tech stack powered by Microsoft Azure OpenAI Service and Azure Cognitive Services, will converse with the user to offer personalized travel recommendations based on their preferences; curate holiday packages based on variable inputs like occasion, budget, activity preferences, time of travel, etc., and even help book these holiday …

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Financial Results for the Quarter/ Year ended as on 31st March 2023

Key Highlights (Quarter ended Mar’23 over Mar’22) Net profit up by 47% YoY for Q4FY23 & 34% YoY for FY23 • Net Profit up by 47% YoY at ₹1447 Cr in Mar’23 from ₹984Cr in Mar’22 • Operating Profit up by 47% YoY at ₹4016 Cr in Mar’23 from ₹2738 Cr in Mar’22 • Net Interest Income increased by 29% YoY to ₹5508 Cr in Mar’23 from ₹4255 Cr in Mar’22 • Fee based income grew by 12% YoY to ₹914 Cr in Mar’23 • Cost-to-Income Ratio improved to 46.47% in Mar’23 from53.03% in Mar’22 • Domestic NIM improved to 3.59% in Mar’23 from 2.87% in Mar’22 • Return on Assets (RoA) improved to 0.82% in Mar’23 from0.62% in Mar’22 • Return on Equity (RoE) increased to 15.48% in Mar’23from 11.70% in Mar’22 • Advances increased by 14% YoY to ₹473586 Cr in Mar’23from ₹415625 Cr in Mar’22 • RAM (Retail, Agriculture & MSME) advances grew by 12%YoY to ₹272679 Cr in Mar’23 from ₹242700 Cr in Mar’22 • RAM contribution to …

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Garuda Aerospace and Chennai Super Kings host the inaugural National Drone Awards to recognize excellence in the Drone Industry

Chennai, India: Garuda Aerospace, the leading drone technology and services provider, in association with Chennai Super Kings (CSK), successfully hosted the Grand National Drone Awards 2023 on May 8th, 2023. The prestigious event was held at the renowned Hotel Crown Plaza, Chennai, showcasing the remarkable scale of the drone industry in …

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Kauvery Hospital Expands its Footprint in Chennai with the Launch of a New-Age Tertiary Care Hospital at Kovilambakkam.

Chennai, 8th May 2023: Kauvery Hospital, a renowned healthcare provider in South India, takes great pride in announcing the opening of its second Hospital in Chennai at Radial Road, Kovilambakkam. The New Facility is equipped with the latest of medical infrastructure backed by strong clinical talent to fulfil Kauvery’s commitment in delivering quality medical care. Kauvery Hospital, Radial Road at Kovilambakkam is a multi-specialty Hospital equipped with cutting-edge technology and highly skilled medical professionals. Kauvery Hospitals aims …

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Nibav Home Lifts Launches its Fourth Manufacturing Facility in Chennai

Chennai, May 8th, 2023: Embarking on its journey to become a billion-dollar company by the end of December 2024, NIBAV Home Lifts, India’s largest home lift brand, today announced the expansion of its India-made home lift manufacturing operations. The company has announced the launch of its fourth manufacturing facility, spread across 50,000 Sq.Ft. and …

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It’s #TimeToChill with MOD’s new range of summer donuts and coolers! 

Aaah! Summer is here- full of holidays, vacations, time spent with friends, and months of absolute bliss as we enjoy the season of fun in the sun! This summer, it’s time to chill and celebrate the season in style at Mad Over Donuts! With an exciting limited-edition menu of fruity, …

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