Category: CHENNAI

Global credit rating agency Moody's Investors Service on Wednesday raised India's economic growth projections as well as several economies like the US, Russia, Euro area, China and others.

The Indian Space Research Organisation (ISRO) said it had successfully conducted the flight acceptance hot test of the CE-20 cryogenic engine that would power the country's rocket for the third moon mission -- Chandrayaan-3.

Mergers of banks in India has resulted in increased efficiency for the acquirers or the merged entity and higher shareholders wealth for the acquiree banks, as per a research paper published by the Reserve Bank of India (RBI).

As part of the APJ Abdul Kalam Satellite Launch Vehicle mission 2023, a total of 150 satellites made by school children from across the country were launched on Sunday in Tamil Nadu's Chengalpattu district.

The moon lander part of India's third lunar mission Chandrayaan-3, successfully underwent the EMI-EMC (Electro-Magnetic Interference/ Electro-Magnetic Compatibility) test recently, the Indian Space Research Organisation (ISRO) said on Sunday.

In a shocker, consumer price index (CPI) inflation touched 6.5 per cent in January, the Ministry of Statistics & Programme Implementation said on Monday, after being 5.72 per cent in December and 5.88 per cent in November last year, and economists termed it "worrisome".

Tamil nationalist leader and President of World Tamil Confederation, Pazha Nedumaran on Monday claimed that LTTE leader, Velupillai Prabhakaran is alive and lives with his wife and daughter.

The Madras High Court has directed the Tamil Nadu Police to allow the Rashtriya Swayamsevak Sangh (RSS) to hold route marches on public roads in the state.

Global credit rating agency Fitch Ratings on Tuesday said that Indian banks' exposure to the Adani group do not present any major risk to the banks' standalone credit profiles.

With the retail inflation down, if the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to 6.50 per cent will be known on February 8.

Days after her fans celebrated the President conferring the Padma Bhushan on noted singer Vani Jayaram, she passed away at her home in Chennai. She was 78 years old. The cause of her death is not yet known.

Moody's also said the adverse developments relating to the Adani Group - rapid decline in market value of the group company's shares- will impact the group's ability to raise capital.

While the devil may be hiding in the details, the response of various industry officials to FY24 Union Budget presented by Finance Minister Nirmala Sitharaman on Wednesday was largely positive.

"Overall, investment in resources and modern technology in these domains will surely contribute in the formation of long-term growth that will give greater results in the coming years," Soundararajan said.

While the Centre has given a digital boost for the gold sector, in terms of tax relief there is nothing for the sector, said an official of World Gold Council's Indian Chapter.

The Union Budget for 2023-24 is a disappointing one for the Indian medical devices industry as the expectations and assurances given earlier have not been fulfilled, Association of Indian Medical Device Industry (AiMeD) Forum Coordinator Rajiv Nath said on Wednesday.

Insurance adoption and penetration in India increased largely due to government schemes and financial inclusion initiatives, said the Economic Survey 2022-23 tabled in the Parliament on Tuesday.

BJP MP from Bengaluru South and national president of the party's Yuva Morcha, Tejasvi Surya, has come under the lens after IndiGo released a statement on Tuesday, claiming that a passenger had opened the emergency exit of its Chennai-Tiruchirapalli flight on December 10, 2022.

With the international prices of petrol and diesel cooling due to economic slowdown concerns, marketing losses for the three Indian oil companies will ease, said Moody's Investors Service.

India's National Remote Sensing Centre (NRSC) came out with its report on land subsidence at Joshimath after studying the images captured by the European Space Agency's satellite Sentinel-1 SAR.

The Social monitoring committee of Tamil Nadu will on January 13 visit Vengavayil village in Pudukottai district where human feces were found dumped in a water tank supplying drinking water to a Dalit colony.

BJP legislator and Mahila Morcha National chief, Vanathi Srinivasan said that the tumultuous scenes that happened on Monday in the Tamil Nadu Assembly were a personal attack on Governor R.N. Ravi.

With credit disbursals picking up and the Reserve Bank of India (RBI) increasing its lending rates to the banks (repo rate) banks and others are now offering higher interest rates on fixed deposits.

Party leader and former Union Minister, T.R. Baaalu in a strongly worded statement said, "The Tamil Nadu BJP already has a state president and the Governor must stop acting like a BJP state president while holding the post of the Governor."

The five injured pilgrims were also said to be in a critical condition and are undergoing treatment at government hospitals at Vedasandur and Dindigul. The Koombur police have commenced an investigation.