Category: CHENNAI

The Madras High Court on Monday decided to hear the contempt of court case filed by ace cricketer and former India captain, M.S. Dhoni against Tamil Nadu cadre IPS officer Sampath Kumar, on Thursday.

The Core Banking System (CBS) of a bank should be configured in such a way that the bank staff are able to inform the family members of deceased account holders about the existence of an insurance policy, said a top leader of All India Bank Employees' Association (AIBEA).

As per the initial indications, only a small number of passengers of the two passenger trains have opted for the travel accident insurance cover while booking through the IRCTC portal.

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to permit banks to issue Rupay prepaid foreign exchange (forex) cards for Indians travelling abroad, said RBI Governor Shaktikanta Das.

Not belying the expectations, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent while projecting gross domestic product (GDP) and inflation at 6.5 per cent and 5.1 per cent respectively.

Elon Musk's Space Exploration Technologies Corporation's, commonly known as SpaceX, Falcon 9 rocket will fly Indian satellite startup Azista BST Aerospace Pvt Ltd's first satellite sometime this month, said top officials of the Indian company.

A special train carrying 250 passengers, who were stranded after the train tradegy in Odisha on Friday, has left from Bhadrak to Chennai on Saturday morning and will reach Chennai central railway station on Sunday.

India's gross domestic product (GDP) growth for FY23 is estimated at 7.2 per cent, said the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation on Wednesday.

"Equity benchmark indices extended their winning streak for the fourth consecutive day on Tuesday, bolstered by a steady influx of foreign funds," said Ameya Ranadive, Equity Research Analyst, Choice Broking.

The central bank said this in its annual report for 2022-23 citing the slowing of the global economic growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system.

AIADMK general secretary and former Tamil Nadu Chief Minister Edappadi K. Palaniswami (EPS) on Saturday wrote to Prime Minister Narendra Modi, saying that Sengol (Historic golden sceptre) was the pride of Tamil Nadu.

The decision of the Reserve Bank of India (RBI) to withdraw Rs 2,000 denomination banknotes from circulation will not have any major impact on gold demand and also on the rupee value, experts said on Saturday.

Factors like increase in counterfeiting of Rs 2,000 denomination banknotes, people preferring lower denomination notes may also be the reasons for the Reserve Bank of India (RBI) announcing the gradual withdrawal of that note.

With cash for votes gaining ground and to prevent money power having a play against the ruling BJP in the 2024 general elections, the Rs 2,000 denomination notes are being withdrawn -- this is a view that is being shared on social media.

Announcing the decision to withdraw Rs 2,000 denomination notes from circulation, the Reserve Bank of India (RBI) has asked banks not to issue such notes with immediate effect.

In a statement, the RBI said: "The 2,000 denomination banknote was introduced in November 2016 primarily to meet the currency requirements of the economy in an expeditious manner after the withdrawal of legal tender status of all 500 and 1,000 banknotes in circulation at that time."

The India Meteorological Department (IMD) on Thursday said that a low pressure depression that formed near the South East Bay of Bengal has intensified into a cyclonic storm 'Mocha'.

He said that the US market faced losses as the Fed reiterated concerns over elevated inflation despite softening its language on future rate hikes. Signs of returning contagion fears in regional US banks also weighed on the global market mood.

The department is of the opinion that online sale outlets are pushing the sale of these banned pesticides, and the department has already constituted special squads to check, stop and prevent the use of these pesticides.

The General Insurance Council has decided to take on the hospitals that are overcharging the health insurance policy holders and indulging in frauds through a series of actions, said a senior industry official.

Tamil Nadu's Villupuram was tense on Monday after caste Hindus did not let Dalit community members enter the local Shri Dharmaraja Draupati Amman Temple at Melpathi village.

Without naming the earlier Congress governments, Modi said from the days of delays, now the infrastructure projects are being delivered even before time, and added that Tamil Nadu had got a good number of core sector projects.

Speaking at the 125th anniversary of the Sri Ramakrishna Math at the Vivekananda House here, Modi said "Swami Vivekananda's vision was to have faith in ourselves and our governance philosophy is inspired by Swamiji".

The Prime Minister is scheduled to inaugurate new terminal of Chennai International Airport on his arrival at 3 p.m. He is later scheduled to flag off the Vande Bharat Express train from Chennai to Coimbatore that will ease the travel time between the two cities by two hours.

"The RBI's decision to hold rates is welcome as this will enhance buyers' confidence especially after repeated hikes had already increased their acquisition cost," said Ramani Sastri - Chairman & MD, Sterling Developers.