Binod Kumar, Indian Bank MD and CEO Chennai: Public sector lender Indian Bank is aiming to raise $2 billion through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits. The move comes in the wake of the RBI withdrawing the interest rate ceiling on fresh FCNR(B) deposits with maturities of three to five years until Septr 30, 2026….
Chennai: Following the uproar over the delay in appointing new principals to govt arts and science colleges, the higher education department is speeding up the process, and more than 100 colleges are likely to get new principals within the next four weeks.Professors said the new academic year started with the vacancy of principal posts in…
Chennai: Auto components maker Wheels India plans to raise up to Rs 400 crore through a mix of equity and debt securities as it looks to support future growth initiatives.The company received board approval at a meeting held on Friday, and the capital may be raised through multiple routes, including public issues, private placements, rights…
M A M Arunachalam, executive chairman of Tube Investments of India Chennai: Murugappa Group’s electric mobility arm, TI Clean Mobility, has more than doubled its losses in FY26 as it continued to invest in scaling its EV business across segments.The EV company, a subsidiary of the group’s engineering flagship, Tube Investments of India (TII), indicated…
The sector is better positioned to withstand weather-related disruptions than in the past Chennai: Despite concerns over a deficient monsoon in several parts of the country, demand for tractors has remained resilient. Domestic tractor sales recorded strong double-digit growth in June on both a year-on-year and sequential basis.The robust performance also lifted first-quarter volumes, which…
Vijay said the days after Karur tragedy were the most painful period in his life for which people have defeated DMK in the assembly election. KARUR: In his first visit to Karur after the Sept 2025 stampede, chief minister C Joseph Vijay sharpened his attack on the previous DMK regime for the tragedy, calling it…
Chennai’s MA Chidambaram Stadium CHENNAI: It’s official. The MA Chidambaram Stadium will host the opening match of Big Bash League (BBL) between defending champions Perth Scorchers and Melbourne Renegades on Dec 12. It will be the first time a match from a foreign franchise league is held in India. The game is scheduled to begin…
Chennai: Three days after TOI reported on the pitiable condition of the playground at Govt Ambedkar Higher Secondary School, which was littered with garbage, including empty liquor bottles, construction debris, and wet and dry waste, the Greater Chennai Corporation cleared the premises by Thursday.The school, located on Gandhi Irwin Road, adjoining the Buckingham Canal, falls…
Chennai: Madras high court has sought police response in two habeas corpus petitions challenging detention of YouTuber Mukthar Ahmed and political commentator under Goondas Act, who were arrested for their derogatory remarks against a BJP functionary.Admitting the petitions on Friday, the division bench comprising Justice Anita Sumanth and Justice Sunder Mohan directed the Chennai police…
Chennai: Power troubles continued for a third straight day on Thursday, as residents of Tiruvottiyur and Tambaram spent the night without electricity following major failures in the city’s distribution network. The outages came a day after similar disruptions struck Palavakkam and TondiarpetIn Tiruvottiyur, men and women blocked the high road that night, staging a protest…
