Binod Kumar, Indian Bank MD & CEO Chennai: Public sector lender Indian Bank is contemplating entering the life insurance and asset management company (AMC) businesses. The Chennai-headquartered bank is planning to launch two joint venture (JV) subsidiaries for the respective verticals to tap opportunities in the life insurance and wealth management segments.“It is our long-term…
Chennai: India’s garment exports could jump from $16 billion to $19 billion-$23 billion from better coordination between fabric mills and garment units and improved productivity gains, according to a report by Vector Consulting. It argues that fixing fragmented supply chains, improving asset utilisation, and achieving productivity gains could unlock an estimated $3-$7 billion in additional…
Gunjan Srivastava, CEO & MD, Onida Electronics Chennai: The 45-year-old consumer electronics brand Onida, synonymous with its horned devil and the tagline ‘Neighbour’s Envy, Owner’s Pride’ in the 1980s and 1990s, is attempting to reinvent itself in a market now dominated by global and Chinese brands after a challenging phase.A decade of inconsistent branding, weakening…
Chennai: A 32-year-old meat shop worker was beaten to death by his friends near Somangalam in Kancheepuram district on Wednesday night.The victim, Rajesh of Sethuputtu near Somangalam, was married and had two children. Police said Thangam and Anandajothi, who lived in the same locality, took him in a car on Wednesday night to consume alcohol.When…
Chennai: Two men were arrested on charges of abducting and assaulting a 39-year-old lodge owner in Nolambur over a ₹15lakh debt. The two had also attempted to transfer ownership of his house in lieu of the debt.The complainant, Priyadarshan of Brindavan Avenue in Nolambur, had borrowed ₹22.5lakh from Senguttuvan to construct a lodge and repaid…
Chennai: A 21-year-old POCSO accused, who escaped from police custody while undergoing treatment at Stanley Govt Hospital on Wednesday night, was caught on Thursday.The accused, Raja of Pudur, was arrested by the Ambattur All Women Police in a POCSO case on June 15 and had been remanded to judicial custody at Puzhal prison. He was…
Chennai: An autorickshaw driver who went out to consume alcohol with two friends was found dead in a farm well near Kanakammachatram in Tiruvallur district on Wednesday.The deceased was identified as Rajarathinam, 30, of Chinnammapettai near Thiruvalangadu. Police said he had gone to Kanakammachatram on a motorcycle with his friends, Nirmalkumar, 32, and Tamizhan, 31,…
CHENNAI: El Nino is likely to persist through the remainder of the southwest monsoon, the northeast monsoon and into winter 2027, with the Indian National Centre for Ocean Information Services (INCOIS) forecasting up to 98% probability that the phenomenon will continue through March. The agency said El Nino conditions became established in June, while the…
Chennai-Bengaluru Expressway under construction near Chennai Chennai: India’s third bullet train project from Chennai to Bengaluru has taken baby steps, with Centre floating tenders for pre-construction activity for the 306.2km corridor.The tender has directed the contractor to work on an updated alignment of the project, which currently has eight stations, including three in Tamil Nadu…
Chennai: Directorate of medical education (DME) has found merit in complaints that some medical colleges collected tuition fees for the compulsory internship year of the MBBS course, prompting the health department to order a detailed probe.Health minister K G Arunraj ordered the inquiry on Thursday after reviewing reports submitted by teams comprising senior doctors and…
