CHENNAI PRESS NEWS

Chennai :  Tamil Nadu  is registering a significant growth in the overall mutual fund (MF) business in the country and the state ranks second in terms of Average Assets under Management (AAUM) among the southern states. According to the AMFI data, mutual fund industry’s AAUM of Tamil Nadu, as of December 2024, is Rs 3,14,700 crore. In this, LIC MF has Rs 2,164 crore assets under management (AUM) as on December 30, 2024. Currently, LIC MF has three branches in the state, spreading across Chennai and Coimbatore. In center: Nikhil Rungta, CIO- Equity, LIC MF With immense potential for business expansion in the near-to-medium term due to the remarkable industrial growth the state is witnessing today, Tamil Nadu has emerged as a key market for mutual fund players. There is a notable improvement in the investment climate in the state, a jump in the number of organised labour and white-collar professionals, especially in urban cities such as Chennai and Coimbatore. There is a re...

First in Chennai, Elements Introduces Independent Seniors' Leasing Scheme (ISL Scheme) which allows seniors a financially prudent alternative to traditional home ownership Chennai, January 21, 2025 — GT Bharathi Urban Developers Pvt. Ltd. (GTB), is coming together of esteemed GT Group and new age Bharathi Homes , and are thrilled to announce the launch of two groundbreaking projects under its ELEMENTS chain of active retirement communities: Elements Sattva and Elements Kamalam. These projects represent significant milestones in the company’s vision to redefine senior living and are key components of GTB’s Rs. 350 crore investment announced in March 2024 to expand the ELEMENTS brand. Elements Sattva: Urban Senior Living in Porur Building on the success of the Elements 2 project in Alapakkam, which was fully sold and completed on schedule, Elements Sattva aims to reiterate the viability and appeal of Urban Senior Living. Located in Porur, this project offers seniors the opportunity t...

Chennai, January 20 2025: Saveetha Medical College and Hospital (SMCH), a part of Saveetha Institute of Medical and Technical Sciences (SIMATS), has inaugurated a state-of-the-art Department of Female Pelvic Medicine and Reconstructive Surgery (Urogynaecology) , fully equipped to offer comprehensive surgical and non-surgical care for women with pelvic floor disorders. Ms. Poornima Bhagyaraj, cine actor and entrepreneur, and Prof. Dr. N. Rajamaheshwari, former HoD, Department of Urogynaecology, Madras Medical College, Chennai, inaugurated this exclusive department in the presence of Dr. N. M. Veeraiyan, Founder & Chancellor, and Dr. Deepak Nallasamy, Pro Chancellor, SIMATS. Dr. J. Kumutha, Dean, Dr. K. Seethalakshmi, HoD, Department of Urogynaecology, and Dr. Ponnambalam, Medical Superintendent, SMCH, were among the dignitaries who took part in the event.  Urogynaecology, a super speciality within gynaecology, addresses common female pelvic floor disorders such as pelvic organ...

Chennai, India: Babyshop, part of the renowned Dubai based Landmark Group and a trusted global leader in children’s essentials , has officially entered the Indian market with the launch of its flagship store at Express Avenue Mall, Chennai. With over 50 years of expertise, Babyshop operates 250+ stores across 14 countries, serving over 10 crore families worldwide. This milestone marks the beginning of Babyshop’s journey in India, bringing a legacy of trust, quality, and care to Indian parents. The launch event was further elevated by the presence of renowned Indian actress Soha Ali Khan , who added her star power to the celebration. Babyshop stores are designed as one-stop destinations for parents, catering to children from newborns to 10 years old. Across all its stores, Babyshop offers a thoughtfully curated range of baby essentials, kids’ fashion, travel gear, nursery furniture, and toys. Combining global trends with local relevance, Babyshop provides products that resonate with mod...

Chennai, January 20th, 2025: The Penang Convention & Exhibition Bureau (PCEB) is thrilled to be hosting the 8th Edition of the Penang Roadshow to India 2025, taking place from 13th to 20th January 2025. This annual initiative, launched in 2017, has never skipped a beat, even during the Covid-19 pandemic when it was held virtually for two consecutive years. The roadshow underscores PCEB’s commitment to strengthening ties with the Indian market, a key player in Penang’s tourism and business events sectors.  (L to R) Datin Bharathi Suppiah, Director of Penang Convention & Exhibition Bureau; Ashwin Gunasekaran, CEO, Penang Convention & Exhibition Bureau; Srinivasan, Senior Manager-Sales (TamilNadu), Indigo This year’s roadshow, themed “Discover Penang”, is visiting four major Indian cities:  Mumbai (13 January), New Delhi (15 January), Kolkata (17 January), and Chennai (20 January). Each destination is drawing approximately 200 buyers and 30 media representatives, pro...

Chennai, January 20, 2025: Indian Overseas Bank Managing director and CEO Ajay Kumar Srivastava today announced Bank's Q3FY25 Financial results . During the press interaction, he said that the bank reported a 21% year-on-year rise in its net profit to ₹874 crore for the third quarter, driven by a strong growth in interest income. Total income rose 13% to ₹8,409 crore, with interest income increasing 15% to ₹7,112 crore. (In Center) Ajay Kumar Srivastava,  Managing director and CEO,  Indian Overseas Bank Total business grew 10% to ₹5.43 lakh crore during the quarter under review. Advances rose 10% to ₹2.38 lakh crore while total deposits also increased 10% to ₹3.05 lakh crore. However, deposits saw a sequential decline from ₹3.11 lakh crore in the July-September quarter. Ajay Kumar Srivastava attributed the sequential drop in deposits to the maturity of high-cost bulk deposits. He said IOB chose to prioritise low-cost CASA deposits over bulk deposits, which accounted for ...

Chennai, 19th January 2025: Chennai-based Iswarya Health Private Limited launched Iswarya hospital, a 400+ bedded super speciality hospital which has all medical services under one roof including oncology and organ transplantations. To mark the Grand Launch, the hospital dedicates 100 free heart surgeries to eligible patients in needs. Honorable Health Minister of Tamil Nadu Thiru. Ma. Subramanian Inaugurated the Hospital and Thiru P K Sekar Babu, Honorable Minister for Hindu Religious and Charitable Endowments and CMDA launched the 100 Free Heart Surgeries scheme in the presence of Actor Sivakumar; Dr K Veluswamy, Chairman; Dr S Chandralekha, Founder of Iswarya Health Private Limited and Dr Arun Muthuvel, Managing Director, Iswarya Hospital. The twelve-story building has 14 operating rooms equipped with the most cutting-edge medical technology and has 72 clinical services departments. Iswarya Hospital is the first hospital in Chennai with AI-powered CT, MRI, Cath lab, Advanced surgi...