CHENNAI PLUS

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...

Numeros Motors, a new-age original equipment manufacturer specializing in indigenous electric vehicles, proudly introduced its flagship Diplos platform on 8th Jan 2025 in Chennai. Engineered to redefine clean mobility, the platform is available in three versatile variants: Diplos Max, Diplos Pro and Diplos I-Pro. Diplos Max, the new variant is set to launch and open for bookings at the Bharat Mobility Global Expo 2025 in Delhi on January 17. These vehicles embody the principles of safety, reliability, and durability making them ideal for a range of customer needs.                                                                        ...

Radisson Hotel Group has opened a new hotel, Park Inn by Radisson Vellore, in Tamil Nadu, a city known for its rich history, temples, and natural beauty. This hotel aims to provide great experiences to travelers and take advantage of the area's hospitality potential. It is conveniently located within three hours of Chennai and four hours of Bengaluru, making it a good choice for those on business trips, leisure vacations, or spiritual journeys. The hotel is easy to reach from Chennai International Airport and Katpadi Railway Station and is situated along the Bangalore-Chennai-Tirupati Highway, which offers connections to VIT, CMC, religious sites, and business areas. Nikhil Sharma, Managing Director and Area Senior Vice President of Radisson Hotel Group South Asia, stated that the opening of this hotel is significant as it introduces the first internationally branded hotel to Vellore. This aligns with their strategy of focusing on Tier III cities where cultural heritage meets eco...

 Laxmi Dental Limited (LDL) will start its Initial Public Offer (IPO) for Equity Shares on Monday, January 13th, 2025. The Price Band is set between ₹407 and ₹428 per Equity Share. Bids can be made for at least 33 Equity Shares and in multiples of 33 thereafter. The total offer size of equity shares, which have a face value of ₹2 each, includes a Fresh Issue of up to ₹1,380 million (₹138 Crore) and an Offer for Sale of up to 13,085,467 shares by Selling Shareholders. The Company plans to use the money raised from the Fresh Issue for several purposes, including repaying certain loans of about ₹229. 84 million, investing in subsidiaries to repay loans of around ₹46 million, purchasing new machinery for about ₹435. 07 million, and investing in a subsidiary for machinery costs of about ₹250. 04 million, along with some funds for general corporate purposes. The Offer for Sale includes shares being sold by various stakeholders: up to 196,604 shares by Rajesh Vrajlal Khakhar, up to 434,59...

As part of its Corporate Social Responsibility (CSR) efforts, Kotak Mahindra Prime collaborated with Gramium Trust, Indian Head Injury Foundation (IHIF), Greater Chennai Corporation, and Indian Community Welfare Organisation (ICWO), to conduct a Road Safety Awareness Program and distribute free helmets for students at Chennai High School on January 7, 2025. The initiative aimed to raise awareness about road safety and promote the use of helmets among students and their families.   Key speakers at the event included Dr. P. Narayanan from Gramium Trust, Dr. Chitra from the Indian Head Injury Foundation, and Inspector Mr. S. Sudalai Mani from the Pulianthope Traffic Division. They discussed the importance of safety education and encouraged students to be change-makers. Mr. A. J. Hariharan from the Indian Community Welfare Organisation emphasized that helmets can be a fashionable and life-saving habit. A total of 1,000 ISI-marked helmets were distributed to students in grades 5 to 8,...

Building on its legacy of pioneering technology-driven solutions for travelers, MakeMyTrip, India’s leading online travel company, has introduced a new feature to conveniently book international flight bookings.   The newly launched Part Payment Option helps travelers to get a confirmed booking by paying only 10–40% of the total fare upfront, with the exact percentage determined by factors such as the airline, travel sector, and the advance purchase window.   The remaining balance must be paid either before the travel date or within 45 days of booking, whichever comes first—at no additional cost. This industry-first feature addresses a common pain point for travelers, particularly larger families or groups, who may find it challenging to pay the entire ticket amount upfront when booking an international flight.   Users opting for the part payment option can modify their confirmed bookings after completing the full payment as per fare rules.   Highlighting the ben...

Ujjivan Small Finance Bank has revealed its business highlights for the quarter ended December 31, 2024. The highlights demonstrate considerable increase in deposits and lending across key areas despite a challenging economic situation.   According to the bank's regulatory filings with the Bombay Stock Exchange and the National Stock Exchange of India, total deposits increased by 16% YoY to ₹34,496 crore as on December 31, 2024, from ₹29,669 crore during the same period the previous year. Additionally, deposits into the Current Account Savings Account (CASA) increased by 15% to ₹8,657 crore.   The bank's secured loan book currently accounts for 40% of its total portfolio, up from 28% in December 2023, indicating a focus on increasing asset quality. Growth in categories such as affordable housing and MSME shows a strategic shift towards more sustainable and diverse lending methods  

Gramium Trust, ICWO, Greater Chennai Corporation, Indian Head Injury Foundation & Kotak Mahindra Prime are holding "Road Safety Awareness Program & FREE Distribution of Helmet for Chennai Corporation School Students" on 7th January 2025, 11:00a.m. at Chennai High School (CHS), No.26, Cooks Road, Perambur Barracks Road, Chennai. Mr.A.J.Hariharan, Secretary-I.C.W.O stated that Dr. P.Narayanan, Director - GRAMIUM Trust, Karur will render the inaugural address and preside over the function.

A-One Steels India Limited, one of the top 5 (five steel producers in southern India in terms of crude steel capacity, and the only company manufacturing 10 steel products and industrial products. ( Source: CRISIL Report ) has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).   The Company plans to raise funds through offer of equity shares (face value ₹10 each) through initial public offerings aggregating up to ₹65,000 Lakhs [₹650 Crore]. (“Total Offer Size”)   The total offer size comprises of fresh issue of equity shares aggregating up to ₹60,000 Lakhs [₹600 crore] (The “Fresh Issue”) and offer for sale by Selling Shareholders aggregating up to ₹5000 Lakhs [₹50 Crore] (“Offer for Sale”).   The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). (“ Listing Details” ) ...

Vipul Amrutlal Shah, a well-known producer and director in India's entertainment industry for many years, is planning to take his company, Sunshine Pictures Limited, public. The company has submitted a draft red herring prospectus (DRHP) for an initial public offering (IPO). The IPO will include a total offer of up to 83. 75 lakh equity shares, consisting of a fresh issue of up to 50 lakh shares and an offer for sale of up to 33. 75 lakh shares. As part of this, Vipul Amrutlal Shah plans to sell up to 23,69,200 shares, while Shefali Vipul Shah will sell up to 10,05,800 shares. Sunshine Pictures plans to use the funds from the fresh issue for several purposes, including meeting working capital needs and general corporate expenses. The company aims to benefit from having its shares listed on stock exchanges, improving its visibility and brand image, and creating a public market for its shares in India. They intend to allocate up to ₹94 crore from the net proceeds for long-term work...