FCNR(B) accounts nosedived to $900 million in FY26 Chennai: After three consecutive years of growth, net inflows under Foreign Currency Non-Resident (Bank) [FCNR(B)] accounts nosedived to $900 million in FY26 from $7.1 billion in FY25. The 87% year-on-year decline, the sharpest since 2022-23, comes despite the rupee weakening over the past year. Meanwhile, major banks…
Chennai: Tamil Nadu will soon notify a new industrial policy with special incentives to attract fresh domestic and foreign investment besides setting up a Tamil Nadu Investor Promotion Commission (TIPC) chaired by the chief secretary to draw multinational companies.In his maiden address to the assembly, governor R V Arlekar said the state aims to become…
Chennai: Invoking former chief minister C N Annadurai’s principle that three-language formula should not be pursued and only Tamil and English should be taught, TVK govt led by C Joseph Vijay on Thursday reaffirmed its commitment to Tamil Nadu’s two-language policy. This was part of Tamil Nadu Governor R V Arlekar’s address in the state…
NEET candidates study with textbooks, notes, and online mock tests in a quiet classroom as they prepare for the re-exam, highlighting India’s medical entrance exam retest efforts. Chennai: Medical aspirants have to write the entrance test for a second time in two months on Sunday, June 21, after the first exam was cancelled following a…
Chennai: Leader of the opposition Udhayanidhi Stalin on Thursday said the governor’s address in the assembly was a sign of an `understanding between TVK and BJP.’ He accused chief minister Vijay of `panic buying MLAs’ to keep his govt afloat and alleged that DMK govt’s flagship ‘Naan Mudhalvan’ scheme was renamed.“Governor read out the complete…
A robber, who robbed a train passenger after diverting the express train engine driver by covering the railway signals with a piece of cloth to slow down train, was arrested within 24 hours by the Govt Railway Police (GRP) by tracking him on Wednesday. Chennai: A 32-year-old man covered a railway signal with clothes to…
Chennai: Sharp, intermittent spells of rain accompanied by gusty winds cooled the city and suburbs on Thursday evening after a hot day that saw temperatures touch 38.3°C in Nungambakkam and 38.5°C in Meenambakkam, a degree above normal.The showers were unevenly distributed. While Nungambakkam recorded just 0.8mm of rainfall, Meenambakkam received 17.2mm. Rain gauges at Chembarambakkam…
CBI had initiated the investigation based on a complaint that Rengaraj amassed wealth when serving as a principal commissioner of income tax in Coimbatore between 2021 and 2024 Chennai: The anti-corruption branch of CBI registered a disproportionate assets case against a retired chief commissioner of income tax, Chennai, and his wife.IRS officer N Rengaraj acquired…
Chennai: The technical glitch in applying for revaluation of CBSE Class XII answer scripts and the subsequent delay in evaluation has affected admissions to the professional courses in the state this year.Tamil Nadu Engineering Admissions (TNEA) committee has decided to postpone the release of the engineering rank list, which was scheduled to be released on…
Chief economic advisor V Anantha Nageswaran Chennai: Welcoming the US-Iran peace deal, chief economic advisor V Anantha Nageswaran on Monday said India must continue to grow faster in such an environment.In his virtual address at the inaugural edition of the CPCL-SOOPER Leadership Lecture Series here, he said the Strait of Hormuz, a key chokepoint, can…
