Business

Tamil Nadu Chief Minister Mr M K Stalin today graced the FICCI National Executive Committee Meeting along with Minister for Information Technology and Digital Services Mr T Mano Thangaraj and Minister for Micro, Small and Medium Enterprises (MSME) Mr T M Anbarasan. The Chief Minister also released ‘FICCI-Deloitte Knowledge Paper on Accelerating Tamil Nadu’s Progress to Becoming One-Trillion …

Chennai:  Have you ever been astonished at the grandeur of some of the world’s famous architectural marvels like the Eiffel Tower, The Taj Mahal and wanted to visit them or at least see them once in a lifetime. Nexus Vijaya Mall gives you once in a lifetime opportunity to journey around …

CHENNAI, April 30, 2023…TiE SHIFT 2023, presented by TiE Chennai and Nanban Ventures, the largest personal transformation summit held at Chennai, saw a packed audience at the IIT Research Park Auditorium listening in rapt attention to a host of speakers who having transformed themselves, and their businesses into global successes spoke at length …

CHENNAI, April 2023: Today marks a significant milestone as RMZ ONE PARAMOUNT in Chennai receives the coveted LEED PLATINUM STATUS from the U.S. GREEN BUILDING COUNCIL (USGBC) the highest level of LEED certification This prestigious recognition underscores the company’s unwavering commitment to upholding sustainable principles in constructing workspaces that are designed for the future. RMZ …

BSL Limited, a legacy brand in the textile and suiting industries, has recently launched its first Cotton Spinning Unit in Bhilwara, Rajasthan, India. This addition is expected to augment the company’s revenue by INR250 crores in the forthcoming fiscal year. The new unit will have a capacity of 30,000 spindles, …

Chennai, April 2023: Dettol Banega Swasth India (DBSI) launched hygiene focused Tamil music album- ‘Folk Music for a Swasth India’ in collaboration with Hindu Tamil Thisai and Gramalaya today in Chennai. Composed by James Vasanthan, the album has 5 songs and will be available to Spotify users across the globe starting today.  The music album was launched by Thiru. Ma. Subramanian, Minister for Health and Family Welfare, Govt. of Tamil Nadu, Sh. Ravi Bhatnagar, Director, External Affairs …

Chennai, April 2023 – Universal Robots, the world’s leading manufacturer of collaborative robots (cobots), showcased their versatile cobot applications at Automation ExpoSouth 2023 in Chennai, South-East Asia’s biggest automation& instrumentation exhibition in 15 years. The expo was held at Chennai Trade Centre from April 26th to 28th, 2023. The event brought together the best technical …

Chennai, April 2023 The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC,focusing on consumer and MSME finance, todayannounced its audited financial results for the quarter and the year ended March 31, 2023. Key Highlights – Q4FY23 (Standalone): Assets: • Highest ever quarterly Disbursements at ₹ 6,371crore, up 151% YoY and 89% QoQ. • Assets Under Management (AUM) at ₹ 16,143 crore, up 37% YoY and 16% QoQ. • Direct Digital Program (DDP) contribution in disbursements increased to 81% in Q4FY23 ascompared to 66% in Q3FY23 and to 24% inQ4FY22. Asset Quality: • Gross NPA at 1.44%, reduced 185 bps YoY and 25bps QoQ. • Net NPA at 0.78%, reduced 52 bps YoY and 11 bpsQoQ. Profitability: • Highest ever PAT at ₹ 181 crore for Q4FY23, up103% YoY and 20% QoQ. For FY23, PAT stood at ₹585 crore, up 100% YoY. • Highest ever Return on Assets (RoA) for Q4FY23at 5%, up 178 bps YoY and 53 bps QoQ. For FY23,RoA stood at 4.4%, up 172 bps YoY. • Net Interest Margin (NIM) for Q4FY23 was at11.3%, an improvement of 87 bps YoY and 59 bpsQoQ. For FY23, NIM was at 10.7%, animprovement of 89 bps YoY. • Operating expenses for Q4FY23 stood …

Studie’o7 a chain of salon, celebrated its 100+ salon on 25th April 2023 at ITC chennai along with their existing, new franchise partners and honorary chief guests. Mr.Rajeshkumar (founder and Managing Director – Studie’o7) started with 1 salon in 2017 from Udumalpet, today Studie’o7 stands proudly with 100+ salon in …

Chennai, 26. 04. 2023  : Jos Alukkas, leading jewellery retail chain in South India has announced their massive global expansion plan to launch 100 new showrooms at an investment of Rs. 5500 crores. This is the single largest investment and expansion plan by a jewellery retail brand in the country. The jewellery group eyes a pan-global level growth. Jos Alukkas is one of the …