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Mitsubishi Electric India invests 2,100 crore in Chennai

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Mahindra Industrial Park Chennai Limited (MIPCL), a joint venture between Mahindra World City Developers Limited and Sumitomo Corporation of Japan, marks yet another significant milestone with the commencement of operations of Mitsubishi Electric India Private Limited’s air conditioner and compressor manufacturing facility at Origins by Mahindrain Chennai. The facility, spread across 52 acres within the integrated industrial cluster, represents the scaling up of Mitsubishi Electric India’s manufacturing presence in India. The facility was inaugurated by the Hon’ble Chief Minister of Tamil Nadu, Thiru M.K. Stalin, through a virtual plaque unveiling. Developed with an investment of approximately ₹ 2,100 crore, the facility underscores Mitsubishi Electric India’s long-term commitment to India and further strengthens Tamil Nadu’s position as a preferred destination for high-value, technology-led manufacturing. With an annual production capacity of 300,000 indoor and outdoor room air co...
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AM/NS India gets Green Steel Certification

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ArcelorMittal Nippon Steel India (AM/NS India) has become the country’s first integrated steel producer to receive Green Steel certification under the Ministry of Steel’s new Green Steel Taxonomy. AM/NS India’s Hot Rolled (HR) coils and sheets have achieved a four-star rating, and Cold Rolled (CR) coils and sheets have achieved a three-star rating.   These products – key inputs for the automotive, infrastructure, defence, construction equipment, and consumer durables sectors – are now officially recognised as government-certified Green Steel, enabling customers to reduce Scope 3 emissions across their value chains.   Eligibility for certification is based on the emissions intensity of steel production, with a qualifying threshold of less than 2.2 tonnes of CO ₂ equivalent per tonne of finished steel (tCO ₂ e/tfs). Steel produced with emissions below this threshold is rated under a three-tier system: three-star, four-star, or five-star Green Steel.   To ac...
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India-US trade agreement offers stability and confidence to global businesses during uncertain trade times

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Mr. Ashok Hinduja, Chairman, Hinduja Group of Companies (India), stated that “The conclusion of the India-US trade agreement marks a significant inflection point for global businesses at a time when prolonged uncertainty has weighed on international trade and investment decisions. By providing greater predictability and a stable framework for cross-border commerce, the agreement sends a strong signal of confidence to global markets.  As India advances towards its long-term vision of Viksit Bharat, the strategic and economic convergence of two major democracies carries broader global relevance beyond bilateral trade alone. The agreement creates a firmer foundation for enhanced market access, deeper commercial collaboration, and sustained long-term investment flows.  I commend the leadership of our Hon'ble PM Narendra Modi and Commerce Minister, Piyush Goyal for steering this complex negotiation with strategic foresight. This is a timely and forward-looking step that reinfor...
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Godrej Properties Consolidated Financials for Q3 FY26 Results

Godrej Properties Limited (GPL) shared its financial results for the third quarter, ending December 31, 2025. In Q3 FY26, the company saw a 55% year-over-year increase in booking value, reaching INR 8,421 crore through the sale of 3,973 homes, totaling 6.43 million sq. ft. For the first nine months of FY26, the booking value increased 25% to INR 24,008 crore, with 12,726 homes sold, covering 19.74 million sq. ft. This marks the highest booking value for both Q3 and the first nine months in the company's history. GPL has exceeded INR 7,000 crore in booking values for four consecutive quarters and over INR 5,000 crore for the last ten quarters. So far, the company has achieved 74% of its annual booking guidance and expects to surpass its FY26 guidance of INR 32,500 crore. In the MMR region, the company reported a booking value of INR 3,239 crore in Q3, with notable success from the launch of Godrej Trilogy at Worli, contributing INR 1,742 crore. During the quarter, GPL launched 11 ...
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Madhya Kailash Flyover to open shortly

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Motorists driving through Adyar, Guindy and the Old Mahabalipuram Road (OMR) may soon get relief from heavy traffic congestion as the Madhya Kailash junction L-shaped flyover is likely to open shortly
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Godrej Properties launches Godrej SAHYOG, a mental health initiative for construction workers

Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, has announced the launch of a new labour Initiative, Godrej SAHYOG, a structured mental health and well-being programme aimed at supporting construction workers across its project sites. Following a six-month pilot conducted across six construction sites in the Mumbai Metropolitan Region, where over 2,000 workers were engaged through structured psycho-education, the initiative will now be rolled out across 79 identified construction sites, reaching approximately 30,000 workers in key markets including Mumbai, Delhi NCR, Bengaluru, Chennai, Pune, Hyderabad, Kolkata, Gujarat, and Chhattisgarh. Commenting on the launch, Pirojsha Godrej, Executive Chairperson, Godrej Properties, said, “India’s growth is being shaped every day by millions who build our cities and infrastructure. Caring for the well-being of those who build the nation is not just a business responsibility; it is a societal imperative. Through Go...
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Chennai’s Young Adults Report Higher Uncertainty Levels: Aditya Birla Sun Life Insurance’s अ-Nishchit Index 2.0

अ ‑Nishchit Index 2.0 is a nationwide study commissioned by Aditya Birla Sun Life Insurance that evaluates how Indians across cities and life stages perceive uncertainty. The 2025 edition broadens the framework to 49 statements across 11 parameters — spanning financial security, health, mental and social well‑being, career, safety, environmental and societal concerns — offering a deeper view of the country’s evolving anxieties. India continues to experience elevated levels of uncertainty fueled by financial pressures, health‑related concerns, safety issues, and wider societal challenges. The national Index stands at 79, reflecting persistent anxieties around financial preparedness, healthcare expenses, mental well‑being, and long‑term stability despite economic progress. Chennai mirrors this trend with an Index of 83 — significantly higher than both national and regional levels. The fear that crime rates will rise is the city’s top worry, followed by concerns that rising costs of e...
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