CHENNAI PLUS

Malabar Group Chairman M.P. Ahammad has cautioned that certain emerging practices in gold price determination in India deviate from established norms and risk undermining the long-standing credibility of the country’s gold trade. He said gold prices are determined by three key factors: international gold prices, the exchange rate of the Indian rupee against the US dollar, and import duty. While customs duty remains fixed for a defined period, fluctuations in global prices and currency movements make daily price revisions necessary. Traditionally, gold prices are set in a transparent and reliable manner by trade associations and published before 9:30 am. Prices fixed for the day are revised only in cases of exceptional market volatility. However, M.P. Ahammad noted that in certain instances, a section of traders has been increasing prices arbitrarily, contrary to the established mechanism, without offering clear justification to consumers. Such practices, he warned, could erode tr...

Axis Mutual Fund, one of India’s leading asset management companies,launches its new fund offering – Axis BSE India Sector Leaders Index Fund – an open-ended Index Fund that invests in the constituents of BSE India Sector Leaders Index. The NFO will open for subscription on January 23, 2026 and close on  06 February, 2026 . The fund will be managed by Karthik Kumar (Fund Manager). The minimum investment amount is ₹ 100. The fund aims to provide long-term wealth creation solution to investors.   The new fund is designed to offer investors a prudent way to gain broad market exposure to India’s leading companies across 21 sectors from the BSE 500 Index. The constituents of the fund will include the top three companies  based on average six month daily total market capitalisation from each of the 21 sectors  represented in the BSE 500 Index. This gives the investors an access to established market leaders in their domain across the Indian economy. The fund helps inves...

HCLTech, a leading global technology company, has been selected by Team Global Express, the largest multimodal logistics organization in Australia and New Zealand, to accelerate digital transformation with AI-powered solutions. HCLTech’s partnership with Team Global Express has grown rapidly. The new agreement consolidates the logistics major’s multi-vendor IT landscape into a single, strategic partnership with HCLTech as the trusted advisor to drive efficiency, innovation and data-driven decision-making. HCLTech will be responsible for end-to-end managed IT services for Team Global Express across applications, hybrid cloud infrastructure, networks, cybersecurity, digital workplace and service management. AI Force, HCLTech’s GenAI-driven platform for service transformation, will drive automation, enhance compliance and elevate customer experience across Team Global Express’ operations. “We are delighted to onboard HCLTech as our strategic technology partner,” said Danny Gravell, Ch...

HCLTech, a leading global technology company, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, announced a partnership to accelerate digital transformation in the Public Sector. Under the agreement, Carahsoft will serve as HCLTech’s Public Sector distributor, providing the Federal, State, Local and Education agencies in the U.S. with advanced mission-driven technology solutions through Carahsoft’s reseller partners and National Association of State Procurement Officials (NASPO) ValuePoint, OMNIA partners, E&I Cooperative Services Contract and The Quilt contracts. HCLTech established a dedicated Public Sector Solutions subsidiary that provides AI-driven platforms, cloud native modernization services, cybersecurity offerings and constituent- focused services for Government agencies. Carahsoft contributes expertise in Public Sector contracting and sales and marketing and supports a broad network of reseller partners. Together, the companies will del...

Apollo AyurVAID, India’s leading NABH-accredited, precision Ayurveda hospital network , has successfully treated a 36-year-old male patient diagnosed with avascular necrosis of the hip, helping him avoid a recommended hip replacement surgery and return to an active, pain free life.The patient, whose profession involves supervising operations with long hours of standing and night shifts, was experiencing severe mobility restrictions prior to treatment. He was unable to sit or stand for more than five to ten minutes and found walking difficult due to persistent pain. Given the progressive nature of avascular necrosis, surgical intervention was advised as the next course of action by his previous consulting doctor.   The treatment plan included Asthiposhaka Rasayana to support bone tissue nourishment and regeneration, Abhyanga using medicated herbal oils to improve circulation and reduce stiffness, and Basti therapy to address deeper musculoskeletal pathology and systemic imbalances...

Godrej Agrovet Limited (Godrej Agrovet) , a leading agri-business company, today announced the signing of a Memorandum of Understanding (MoU) with the Maharashtra State Rural Livelihoods Mission (MSRLM-UMED), to empower rural farmers and promote sustainable agriculture.The collaboration aligns with the United Nations’ observance of 2026 as the International Year of the Woman Farmer (IYWF 2026) which spotlights critical role played by women in the agrifood systems and calls for actions to close gender gaps and strengthen livelihoods. This three-yearpartnership aims to mobilize Self-Help Groups (SHGs) and women farmers to adopt Good Agricultural Practices (GAP) and Integrated Pest Management (IPM), improvingfarm productivity and creating resilient livelihoods. In its first year, the program will focus on nine key cotton-growing districts ; Nagpur, Amravati, Yavatmal, Washim, Parbhani, Jalgaon, Beed, Akola, and Nanded;covering over 5,000 women farmers and more than 50,000 acres of far...