Chennai: The Central Bureau of Investigation (CBI) has booked a city-based textile bleaching firm, its directors and promoters on charges of cheating IDBI Bank to the tune of 12 crore. According to the FIR, Sri Lakshmi Saraswathi Spintex Ltd fraudulently availed various credit facilities from the bank and subsequently diverted and misappropriated the funds, causing…
Chennai: PMK president Anbumani Ramadoss welcomed Madras high court’s order directing a probe by CBI into alleged irregularities in the procurement of 45,800 transformers for Tangedco. The court’s directive follows allegations that the transformers were purchased at inflated prices between 2021 and 2023, resulting in a staggering loss of 397 crore to the state exchequer….
CHENNAI: IndiGo has commenced direct flight services between Chennai and Reunion Island, a French overseas territory in the Indian Ocean. Ambassador of France in India, Thierry Mathou, along with Consul General of France in Pondicherry and Chennai Etienne Rolland-Piègue, formally launched the services and travelled on the inaugural flight on Wednesday. The airline extends the…
Chennai: Patients and attendants at Govt Kilpauk Medical College and Hospital are being forced to endure unsanitary conditions, as washrooms in the hospital’s new tower block frequently run dry for hours. With no regular water supply, patients and caregivers have no option but to share poorly maintained toilets, risking infections. Despite repeated complaints, attendants said…
Chennai: Residents queue up with buckets and cans, waiting for water lorries. Not far away from their houses are five big waterbodies. For decades that’s how it’s been in Tambaram. These lakes were never used to supply water and now it could be too late. Reason: they have shrunk by 44% over the years because…
Chennai: Tamil Nadu could serve as a model for India’s clean energy transition, with a new report pointing to the state’s growing role in attracting investments in the sector through stronger industrial policy.The India’s Climate and Energy Frontiers (ICEF) report, prepared by Schmidt Sciences with India Institute of Technology Madras and other leading national institutions,…
Chennai: A govt order issued by state govt restricting maternity leave for third pregnancy to 12 weeks is unjustifiable and against the law settled, ruled Madras high court on Wednesday.“This kind of restriction made by govt is against the dictum of the Supreme Court as well as this court. The same cannot be approved by…
Chennai: City Union Bank aims to maintain its long-standing record of outpacing industry growth while retaining its conservative lending model, management said on Wednesday.As N Kamakodi prepares to step down after a 15-year stint as MD & CEO of the old private sector lender, R Vijay Anandh will take charge on May 1, 2026.Anandh indicated…
Chennai: City Union Bank aims to maintain its long-standing record of outpacing industry growth while retaining its conservative lending model, management said on Wednesday.As N Kamakodi prepares to step down after a 15-year stint as MD & CEO of the old private sector lender, R Vijay Anandh will take charge on May 1, 2026.Anandh indicated…
Chennai: Indian Overseas Bank’s annual net profit crossed Rs 5,000 crore for the first time, with the public sector lender reporting FY26 profit at Rs 5,209 crore, up 56% from Rs 3,335 crore in FY25, driven by higher income and lower provisions and tax expenses.The bank’s operating profit also crossed Rs 10,000 crore for the…
