CHENNAI PRESS NEWS

Leather industry continues to invest into environmentally conscious manufacturing processes. ‘Waste to fashion’ products made from recycled leather are slowly seeing some global interest. Gender led initiatives are being undertaken in the industry. The Leather Fashion show will be held on 1st Feb, ’24 at the ITC Grand Chola   The show will feature 10 showstoppers and over 60 models. The Leather Fair will feature 450 exhibitors from India and 20 countries. Chennai, 25th January 2024: The Indian Finished Leather Manufacturers & Exporters Association (IFMLEA) is a trade body dedicated to the service, welfare and success of the Indian Finished Leather Industry and to the  Footwear and Accessories Industry – both domestic and international.  (L to R) Yavar Dhala, Convenor, Fashion Show ’24: S. Patnaik, All India Sales Manager, TFL; Suril Paneerselavam, Programme Manager, Solidaridad; S.K Sabapathy, Chairman, Saba Group; K. R. Vijayan, Chairman, IFLMEA;...

Chennai, January 24, 2024: Singapore's leading long-distance delivery platform Deliver.sg , the pioneering entity in the delivery industry and a subsidiary of Maxima Logistics Pte Ltd, is excited to announce the acquisition of Indian Mobility Lifestyle Platform BusyBee, solidifying its expansion in the Asian and Middle Eastern markets. (L to R) Threshant Gopal, Co-founder & Head of Product, Homeradius; Krishnamani Kannan, Co-Founder & CEO, Deliver.sg; Arun Kumar, Founder, ParkQwik; Pyar Mohamed Baghdad  (Founder & CEO) HighRices Technologies and Director  BRASSY Technologies The deal, valued at SGD 500,000, is a testament to Deliver.sg's commitment to enhancing its comprehensive mobility services. BusyBee, known for its transformation from a courier service to a robust mobility lifestyle app, will complement Deliver.sg's DAAS model. With a strong network of over 1800 delivery riders across 317 locations in South India, BusyBee is poised for significant growth...

Chennai, January 24, 2024: Chennai headquartered Indian Bank reported a 51.84 percent rise in its net profit to Rs 2,119.35 crore in the third quarter of financial year 2023-24. On a sequential basis, net profit of the lender rose 6.6 percent. This was on the back of better asset quality and increase in fee based income. (L to R) Ashutosh Choudhary, Executive Director; Imran Amin Siddique, Executive Director; SL Jain, MD & CEO ; Mahesh Kumar Bajaj, Executive Director; Shiv Bajrang Singh, Executive Director Asset quality Gross non-performing assets (NPA) of the bank as of December 31, 2023, stood at 4.47 percent, as against 4.97 percent last quarter and 6.53 percent last year. The company's net NPA stood at 0.53 percent, as against 0.60 percent in the last quarter and 1 percent last year. In absolute terms, gross NPA eased to Rs 22,787 crore in October-December quarter, from Rs 24,488 crore in a quarter ago period and Rs 29,484 crore in a yea...