CHENNAI PLUS

The Board of Directors of Axis Bank Limited approved the financial results for the quarter and nine months ending 31st December 2024 during a meeting in Mumbai on 16th January 2025. This quarter, Axis Bank launched several initiatives, including a $500 million climate loan in partnership with IFC to finance green and blue projects, supporting sustainable growth and job creation in India. The bank also enhanced its international business unit at GIFT City to provide a full range of services for global clients. Additionally, Axis Bank introduced the ARISE Women’s Savings Account, tailored to meet the financial needs of women, offering personalized investments and healthcare benefits. To promote a diverse workforce, the bank started the Young Bankers Program Women’s-Only Cohort in association with the Manipal Academy of BFSI. Axis Bank reached the top position as a UPI payment service provider and partnered with Alliance Network India to improve digital payments and merchant services. The...

Vidya Wires Limited one of the largest manufacturers of winding and conductivity products for a range of critical industries and applications has filed Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The public offer comprises of a fresh issue of equity shares aggregating up to Rs. 320 crore by company (THE “FRESH ISSUE”) and an offer for sale (OFS) aggregating up to 10,000,000 equity shares by the Promoter Selling Shareholders (“OFFER FOR SALE”) with face value of ₹ 1 each equity share. Shyamsundar Rathi, Shailesh Rathi And Shilpa Rathi are the promoters of the company. The Offer for Sale of up to 10,000,000 equity shares comprises of equity shares aggregating up to 5,000,000 by Shyamsundar Rathi and up to 5,000,000 equity shares by Shailesh Rathi (collectively THE “PROMOTER SELLING SHAREHOLDERS” and such Equity shares THE “OFFERED SHARES”) Vidya Wires Limited proposes to utilize the net proceeds towards funding capital expenditure requir...

SBI General Insurance, one of India’s leading general insurance companies, partnered up with Abhyudaya Co-operative Bank Ltd. adding another key partnership and extending presence with yet another co - operative bank having a significant presence. This partnership offers the bank’s customers access to SBI General Insurance's entire range of products The Corporate Agency Agreement was formalized by Smt. Priya Kumar (EVP & Business Head), Shri Piyush Singh (Head – Rural, Agriculture & Micro Insurance), and other senior officials of SBI General Insurance representatives along with Shri Premnath Salian (Chief Executive Officer), Shri Venkatesh Hegde (Advisor), Shri Devendra Kumar (Advisor), Shri Suhas Gokhale (Advisor) and other Senior representatives from Abhyudaya Co-operative Bank Ltd. also attended the event., This partnership will help enhance the bank's existing portfolio of financial services and offer customers a diverse range of general insurance products. Spea...

International Professional Basketball Star Mr. S. Purushothaman Inspires Young Athletes The Basketball Dribbling Marathon 2025, organized by Sportsa India Organization, had a vibrant beginning filled with energy and sportsmanship.  Mr. S. Purushothaman, an International professional Basketball Player, flagged off the marathon  on 5 th Jan 2025 at Second Main Road, Anna Nagar, Chennai .   Notable guests included Mr. R. Sekar (Former DGP, Tamilnadu Police), Mr. Aravindhan (Zonal Director, Narcotics Control Bureau, Chennai), Dr. Mrs. Sneha Priya (Deputy Commissioner of Police, Anna Nagar), and Mr. Deepak Kaushik (Superintendent, Narcotics Control Bureau, Chennai), who supported the event.  The marathon was also graced by Mohammed Riaz, Hockey Olympian, Sprint King Dr.Natrajan, Asian Record Holder, Devarajan, Boxing World Cup B Medalist , Baskar Mr.World and Christy Elena, Hockey professional. Young talents demonstrated their dribbling abilities, promoting sport...

Tamilnad Mercantile Bank (TMB), one of the renowned old private sector banks has announced a strategic partnership with Bajaj Broking, a leading stockbroking firm, to offer a comprehensive 3-in-1 account solution that seamlessly integrates banking, broking, and investment services.   Through this collaboration, TMB customers will gain access to Bajaj Broking's online trading platform, enabling their customers to trade and invest in various products with ease. The integrated platform facilitates seamless fund transfers, minimizes paperwork, and provides a user-friendly interface for managing their finances.   Commenting on the partnership, Mr. Salee S. Nair, MD & CEO of TMB said, "We are delighted to partner with Bajaj Broking to provide our customers with a one-stop solution for their investment needs. This collaboration strengthens our commitment to evolve with our customers' financial requirements and offering them access to professional investment services thro...

Godrej Interio, a top furniture brand in India and part of Godrej & Boyce within the Godrej Enterprises Group, has finished the interior work for the new Skechers National Distribution Center (NDC) office and amenity block. This project is important as it marks Skechers' first self-owned warehouse in India, notable for its height of 18 meters, making it one of the largest of its kind in the country.   The project is located in Lodha Industrial Logistic Park Phase-II A1 Block, Narhen, Taloja MIDC, Navi Mumbai, covering an area of 48,670 sq. ft. The Design & Build Projects team at Godrej Interio focused on creating a space that is both innovative and functional, aligning with Skechers' brand identity and business needs. A key feature of the design is the implementation of a MS grid structure at a height of 3. 6 meters, which facilitates service installation and maintenance while achieving a ceiling height of 6. 4 meters.   Swapneel Nagarkar, Sr. Vice Presiden...