Chennai to get second airport at Parandur

Chennai to get second airport at Parandur

Chennai will get its second airport at Parandur—located around 60 km south-west of the existing airport. The Tamil Nadu government has shortlisted Parandur to develop a greenfield airport, said Union Minister of State of Civil Aviation VK Singh. The minister said in a written reply to a query from Kanimozhi NVN Somu in Rajya Sabha … Read more

Chennai Open chess: Nitin remains on top

Chennai Open chess: Nitin remains on top

Nitin Senthilvel, Indian International Master, settled for a draw with compatriot and fellow IM Ravichandran Siddharth in the ninth round lead to stay on top of the standings with 8 points in the 13th Chennai Open International Grandmaster Chess Tournament 2022 here on Saturday. The draw in the top board saw Nitin’s lead being cut … Read more

Pandemic, changing consumer preferences boost demand for plotted developments

Pandemic, changing consumer preferences boost demand for plotted developments

Plotted developments have emerged as the latest realty trend in India and not without reasons. Homebuyers are warming up to plotted developments at present due to the versatility they provide, their inherent nature as an appreciating asset class and the need for open spaces and low-density projects. Following the pandemic, a rise in demand for … Read more

Turkish digital asset exchange Bitay to enter into the Indian market

Turkish digital asset exchange Bitay to enter into the Indian market

Turkish cryptocurrency exchange firm Bitay has announced its plans to foray into the Indian market. The firm has already set up its office in Gurgaon, India. According to Niyazi Yilmaz, CEO, Bitay, the firm is ready to accept and welcome the government’s 30% tax on income from cryptocurrencies and 1% tax deductible at source (TDS) … Read more

Unsold affordable housing stock declines 21% in 2 years, luxury by 5%

Unsold affordable housing stock declines 21% in 2 years, luxury by 5%

While the new supply of affordable housing has been shrinking over the last two pandemic years, demand remains healthy. Out of the total unsold stock across the top 7 cities, affordable housing inventory saw the most significant decline of 21% – from 2,34,600 units by Q1 2020-end to 1,86,150 units by Q1 2022-end, ANAROCK data … Read more

Chennai lowest-cost FDI location for electronics R&D

Chennai lowest-cost FDI location for electronics R&D

Chennai has been ranked the world’s cheapest FDI location for electronics R&D with estimated annual operating costs of $ 1.24 million for a 50-person center. Penang ($ 1.32 million) took the second spot followed by Gurgaon ($ 1.52 million) and Pune ($ 1.53 million), says fDi Benchmark, an investment location comparison tool from the Financial … Read more

Zoom announces new tech center in Chennai

Zoom announces new tech center in Chennai

ZVC India, the Indian arm of US-headquartered communication platform company Zoom Video Communications, on Monday announced that it is setting up a technology center in Chennai. Velchamy Sankarlingam, President of Product and Engineering at Zoom said that the new Chennai technology center is part of Zoom’s expansion plans and will supplement the existing technology center … Read more

Indian Navy to get two indigenous MPVs from Larsen and Toubro; MoD signs contract for Rs 887 crore

Indian Navy to get two indigenous MPVs from Larsen and Toubro;  MoD signs contract for Rs 887 crore

These MPVs have the capability to perform multi-role support functions which include maritime surveillance & patrol, surface and underwater targets for Gunnery / ASW firing exercises, launching / recovery of torpedoes and operation of various types of aerial. In another two years, Indian Navy will get Two Multi-Purpose Vessels (MPVs), which will be indigenously built … Read more

Vatika Business Center launches flexible office space in Noida

Vatika Business Center launches flexible office space in Noida

Spread over an area of ​​24,500 sq ft, these offerings perfectly match the modern-day work needs and are ergonomically designed to suit the ever evolving workplace lifestyle. Keeping in view the upsurge in demand for flexible office spaces post-Covid, Vatika Business Center has announced the launch of a new center in one of the country’s … Read more