Chennai - Business News Week

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Chennai gets ready to celebrate festivities with Amazon.in

Sep 18, 2024 by Sujata 0 Comments #Amazon.in, #Chennai

amozon great festival

Chennai, 18th September, 2024: With the onset of the festive season, Amazon.in brought extraordinary interactive experiences in the heart of Chennai from September 14th to 18th. The “Amazon Festive Box” is a larger-than-life installation that celebrates Chennai’s vibrant spirit and culture through stunning art, while giving customers a fun way to engage with Amazon’s upcoming Great Indian Festival sale. At this one-of-a-kind activation, the audience can “make a wish” and share what they would love to gift their loved ones. This initiative is a perfect blend of Chennai’s uniqueness and Amazon’s biggest annual celebration.

Amazon.in has reported significant response from consumers for the Consumer Electronics category in Tamil Nadu and Chennai ahead of the festive season. The smartphone category has seen healthy double-digit growth in customer demand, making Chennai one of the top-performing regions. Both Tamil Nadu and Chennai are experiencing robust close to 30% YoY growth in the large appliance category. Premiumization, high capacity and upgrades are on the rise, with the demand for air conditioners, large-screen TVs and side-by-side increasing YoY. Furthermore, Chennai customers have shown a preference for smartphones priced above INR 20,000, with this segment growing by over 50% YoY.

Commenting on the occasion, Ranjit Babu, Director, Consumer Electronics, Amazon.in said, “We’re excited to kick off the festive celebrations for our customers in Chennai, one of the top-performing metros for the Consumer Electronics category. As the people of Tamil Nadu shop for their favorite products during this festive season on India’s most trusted online marketplace, we are proud to witness an overwhelming response from the region. With rising demand for smartphones, large appliances, televisions, consumer electronics and personal computing, we at Amazon.in are committed to offering convenient affordability options, including no-cost EMI, bank discounts, Amazon Pay rewards, cashback, and exchange offers. These, along with a wide selection of best-in-class products from leading brands, ensure a superior shopping experience for our customers. Ahead of the festive season, we at Amazon.in are gearing up to bring the widest selection of Consumer Electronic products during India’s much-awaited Amazon Great Indian Festival 2024”

Chennai is an important market and plays a significant role in driving Amazon.in’s growth. As India’s most loved marketplace, Amazon.in will continue to work with local stores and MSMEs across the state and country bringing new tools, technologies, innovations, and initiatives that will unleash the entrepreneurial spirit of Indian businesses. The online marketplace has almost 120 service partners across 75 cities, 8 delivery stations in 2 cities, and over 95,000 sellers in the state. Over the years, Amazon has invested in creating a robust physical infrastructure across India and the Chennai region has 3 fulfillment centers, 3 sortation centers in the state along with hundreds of Amazon-owned and Partner Delivery Stations.

As per a recent study conducted by Ipsos Research Private Limited, commissioned by Amazon India, revealed Amazon.in as a preferred online shopping destination, with over 73% of respondents trusting Amazon for their festive needs. 75% associated Amazon with a wide selection of products, 72% said that sellers on Amazon provide attractive deals, and 73% viewed it as a reliable and trustworthy online shopping destination.

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Chennai, Ahmedabad, and Kolkata Emerge as Most Affordable Metros for Residential Investments: Magicbricks

Sep 6, 2024 by Sujata 0 Comments #Ahmedabad, #Chennai, #Kolkata, #Magicbricks

New Delhi, September 6 2024: The Indian real estate market is currently experiencing a bull run, marked by soaring prices and escalating demand. At the same time, household incomes across the top 10 cities increased at a CAGR of 5.4%, while property prices surged at a CAGR of 9.3% (between 2020-2024). This growing gap in income and property price growth rates has weakened affordability.

Elaborating on the same, Magicbricks’ flagship report “Housing Affordability in Major Indian Cities” revealed that the Property Price to Annual Household Income Ratio (P/I Ratio) in India has increased from 6.6 in 2020 to 7.5 in 2024 (higher than the globally accepted benchmarks of 5). Based on the P/I Ratio, the report observed that Chennai (5), Ahmedabad (5), and Kolkata (5) are among the most affordable cities for residential investments in 2024, while the Mumbai Metropolitan Region (14.3) and Delhi (10.1) emerged as the least affordable.

Explaining the trends, Sudhir Pai, CEO, Magicbricks shared “Between the latter half of 2021 and 2022, residential investments were at their most affordable. During this period, the market was experiencing a resurgence, characterized by low interest rates, recovering household incomes, and modest increase in residential prices. However, homeownership sentiment has since peaked, resulting in demand significantly outpacing available supply, leading to a rapid and substantial surge in residential prices, presenting new challenges for affordable housing.”

Furthermore, the report revealed that the EMI-to-monthly income ratio in India has risen from 46% in 2020 to 61% in 2024, indicating a growing burden of EMIs on home buyers and reflecting affordability concerns nationwide, especially metros. The trend is more pronounced in MMR (116%), New Delhi (82%), Gurugram (61%) and Hyderabad (61%). In contrast, cities like Ahmedabad (41%), Chennai (41%) and Kolkata (47%) are relatively more affordable.

The report concluded that the current situation is likely to hit equilibrium conditions with market trends indicating a deceleration in price growth due to an anticipated increase in residential supply.

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Galaxy Surfactants to Highlight Innovations at Chennai Cosmetics Ingredients Expo

Aug 29, 2024 by Sujata 0 Comments #Chennai, #Galaxy, #Ingredients Expo

Chennai, 29 August 2024: Galaxy Surfactants, one of the leading manufacturers of performance surfactants and specialty care ingredients used in the Home and Personal Care industry, is excited to announce its participation in the Cosmetics Ingredients Expo, South India’s first trade show dedicated to cosmetics ingredients, raw materials, formulations for the home care, cosmetics, and personal care industries. The event will occur between August 30 -31, 2024, at the Chennai Trade Centre, Nandambakkam.

During the course of the event, Galaxy Surfactants will be connecting with new and existing customers to showcase its innovative solutions tailored for home and personal care formulations.

The company is also slated to unveil its latest innovations to the attendees, their new products offerings have been developed to address the growing demands of consumers for effective, safe, and sustainable solutions in the home and personal care sectors. The company representatives will be meeting their customers to share insights on customizable formulations, technical expertise, regulatory guidance, and a range of other services that will help customers develop evolved products.

In addition to the exhibition, Galaxy Surfactant’s home care team will participate in a technical seminar where they will present their newly launched fabric care ingredient. This ingredient is crafted to meet the evolving needs of consumers, offering a sustainable and safe solution for fabric care.

Mr. Yogesh Kalra, Vice President, Business Creation, Galaxy Surfactants, said, “With our commitment to customer delight, Galaxy participates in various trade shows across the world to meet our customers from various regions. Our participation in Cosmetic Ingredients Expo is evidence to our commitment and it will help us understand our customer’s pulse and offer innovative solutions for them to excel in their business. The specialty chemical market along with the home & personal care industry in India is undergoing a significant transformation, driven by rising consumer awareness and demand for innovative, sustainable products.”

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Taj Coromandel, Chennai Launches Unisex Salon niu&nau

Aug 12, 2024 by Mansi 0 Comments #Chennai, #Taj Coromandel, #Unisex Salon niu&nau

12th August 2024: Taj Coromandel Chennai, an iconic landmark in the heart of the city, is celebrating five decades of unmatched hospitality and timeless sophistication. In keeping with the hotel’s commitment to consistently enhance guest experiences, the existing salon has undergone a complete transformation, emerging as IHCL’s contemporary unisex salon brand, niu&nau, giving way to a forward-thinking space that is witty and inviting.

niu&nau Recepetion-1

Our transformed and re-imagined Salon, niu&nau offering a stunning view of our serene swimming pool is a contemporary salon offering a unique sense of style and attentive personal care. A sanctuary of beauty and wellness, this unisex salon is not just another place to get a haircut or a manicure; it is a destination where luxury and comfort intertwine to create an unparalleled experience.

Guests can choose from a comprehensive menu of salon services including hair, beauty and skincare treatments. The creatively designed salon features vibrant interiors, art-adorned walls and elegant décor, elevating the entire experience and assisting guests look and feel their best.

Commenting on the launch, Sarabjeet Singh, Senior Vice President – Operations, said “Chennai has always been rich in style and elegance, known for its vibrant fashion scene and timeless cultural heritage. With the addition of niu&nau, guests can look forward to a salon experience that combines expertise with personalized service, all designed to rejuvenate your mind, body, and soul.”

The salon is equipped with up-to-date equipment and stocked with the newest beauty brands, offering multiple grooming services from hair treatments to beauty and skincare. The team of skilled professionals will pamper you from head to toe, providing cutting-edge services, leaving you feeling refreshed and new. The signature hair experiences include Hydrating Signature Experience, Repair Signature Experience and Nourishing Signature Experience. The specialised skincare treatments include Perfect Glow, a tailor-made procedure suitable for all skin tones that provides brightening, penetrates deep into the skin and gets you a niu radiance; the Ultimate Time Solution Ritual, a selection of hydrating and nourishing nutrients that provide your skin with a magical healing touch; and the Signature Facial, an ultimate skin revitalisation beauty ritual inclusive of pure plumping, oxygenation and iconic massages.

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Veenavaadhini Sampradaya Sangit Trust, Chennai, Celebrates The 250th Birth Anniversary of Nadajyoti Sri Muthuswamy Dikshitar

Jul 16, 2024 by Mansi 0 Comments #250th Birth Anniversary, #akhandam, #Ambi Dikshitar, #Brahmasri A Ananthakrishna Iyer, #carnatic music, #Carnatic music. Veenavaadhini, #Chennai, #competitions on a global level on Dikshitar kritis, #Dikshitar kritis, #Dikshitar lineage, #divine instrument, #Jeyaraaj and Jaysri, #JT Jeyaraaj Krishnan and JaysriJeyaraaj Krishnan, #Late A Anantharama Iyer, #Late A Champakavalli of Kolkata, #Murugan Temple in Tiruttani, #music festivals promoting Dikshitar compositions, #Muthuswamy Dikshitar, #Nadajyoti Sri Muthuswamy Dikshitar, #Neyveli Santhanagopalan and Abhishek Raghuram, #on Guru Purnima, #podcast series by Veenavaadhini., #rehab facilities., #senior citizen homes, #Sishya Parampara of Muthuswamy Dikshitar, #Sri NathadhiGuruguho Jayati Jayati, #thematic concerts, #Tiruttani program, #VainikaGaayaka, #veena, #veena couple Jeyaraaj and Jaysri, #VeenaJJ app, #Veenavaadhini, #Veenavaadhini Sampradaya Sangit Trust, #vocal, #wellbeing sessions

Chennai, Tuesday, July 16, 2024: Veenavaadhini Sampradaya Sangit Trust, Chennai, will begin the grand celebrations of the 250th Birth Anniversary of one of the greatest composers of carnatic music, Nadajyoti Sri Muthuswamy Dikshitar, on Guru Purnima this year which falls on July 21st.

Veenavaadhini Sampradaya Sangit Trust, Chennai, Celebrates The 250th Birth Anniversary of Nadajyoti Sri Muthuswamy Dikshitar

Pic Credit – Veenavaadhini Sampradaya Sangit Trust, Chennai.

Muthuswamy Dikshitar was born on 24th March 1775. He was a composer nonpareil who also played the divine instrument, Veena. Nearly 480 of his compositions in a plethora of ragas are available, which serve as a treasure trove for Carnatic music. Veenavaadhini, founded by eminent veena players JT Jeyaraaj Krishnan and JaysriJeyaraaj Krishnan who belong to the Sishya Parampara of Muthuswamy Dikshitar, will kickstart the yearlong celebrations most appropriately at the Murugan Temple in Tiruttani, where Muthuswamy Dikshitar composed his very first song titled “Sri NathadhiGuruguho Jayati Jayati”. Jeyaraaj and Jaysri will be rendering the same songs in the premises of the temple along with their disciples.

Starting with the Tiruttani program in July, Veenavaadhini will feature as part of the yearlong agenda, an upanyasam on Dikshitar by Sri Dushyanth Sridhar, explanatory concerts by senior stalwarts like Neyveli Santhanagopalan and Abhishek Raghuram, an akhandam featuring talented artists, as well as chamber concerts and workshops on Dikshitar kritis in the subsequent months.

The Veenavaadhini team will also endeavour to spread awareness about the importance of Dikshitar’s contribution to the world of music by conducting interactive sessions at educational institutions. There will also be therapy and well-being sessions at senior citizen homes and rehab facilities.

Additionally, competitions on a global level on Dikshitar kritis are being planned for veena and vocal so more people learn and deepen their understanding of the precious knowledge that these compositions have to offer, thereby increasing the overall cultural footprint.

The veena couple Jeyaraaj and Jaysri are disciples of Late A Anantharama Iyer and his sister Late A Champakavalli of Kolkata, who continued the Dikshitar lineage they imbibed from their father Brahmasri A Ananthakrishna Iyer, who underwent Gurukulavasam under Ambi Dikshitar, the great grand nephew of Muthuswamy Dikshitar.

Jeyaraaj and Jaysri through their organization Veenavaadhini have championed the cause of preservation, propagation, and popularization of Dikshitar compositions with particular emphasis on veena renditions. This husband and wife team have shared a wealth of information through “VainikaGaayaka”, a 26-episode series on DD Tamil, featuring Dikshitar compositions with explanations on the musical as well as lyrical and mythological information embedded in these compositions or kritis. Through Veenavaadhini, Jeyaraaj and Jaysri have also been presenting thematic concerts, conducting music festivals promoting Dikshitar compositions, playing and archiving the authentic versions of the compositions on veena for posterity, and showcasing these special compositions to the music world through their VeenaJJ app, available across Android as well as ios platforms. As part of the 250th Birth Anniversary, 250 compositions are being endeavoured to be made available in the VeenaJJ app by the end of the yearlong program.

The couple has also pioneered the concept of retracing the path of pilgrimage of Muthuswamy Dikshitar. Along with their disciples, they have been visiting every single temple and singing every signature composition in the sanctum where the composer intended them to be sung. More than 200 compositions of Dikshitar have been taught by the Veena couple to their disciples all over the globe in the entire process. These compositions will be highlighted in a forthcoming podcast series by Veenavaadhini.

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Vertiv Hosts Successful Power and Thermal Management Masterclass Event for Critical Digital Infrastructure in Chennai

Jul 8, 2024 by Mansi 0 Comments #Chennai, #Critical Digital Infrastructure, #Dipti Singh, #HPC, #Thermal Management, #Vertiv, #Vertiv Hosts Successful Power

Mumbai, India [July 8, 2024] – Vertiv, a global provider of critical digital infrastructure and continuity solutions, concluded the Vertiv Xpress Masterclass Series for Chennai, providing training on power and thermal management solutions for critical digital infrastructure. This annual initiative underlines Vertiv’s commitment to encouraging innovation and knowledge transfer within the industry. The event highlighted the importance of deploying efficient and reliable power and thermal solutions for uninterrupted operations and optimal performance of IT infrastructure. It also touched upon Artificial Intelligence (AI) and its impact on data centers.

VERTIV

Over the course of the event, consulting engineers, infrastructure designers, and stakeholders from diverse sectors came together to discuss pressing issues and challenges, with the program providing insights into critical digital infrastructure innovations and advancements that will support AI and high-performance computing (HPC) adoption. The event witnessed over 140 attendees from industries including data centers, Banking Financial Services and Insurance manufacturing, healthcare and government personnel, amongst others.

The event was organized in association with several prestigious industry bodies, including ISHRAE (Indian Society of Heating, Refrigerating and Air Conditioning Engineers), ASHRAE (American Society of Heating, Refrigerating and Air-Conditioning Engineers), and ECA (Electrical Consultant Association). This collaboration provided a rich exchange of knowledge and best practices among attendees.

“Efficient and reliable solutions are the backbone of modern IT data center infrastructure. These solutions are crucial for maintaining the continuous operation and peak performance of data centers, which derives the need to educate the power and thermal consultants and their engineers in events like AI Masterclass series”, said Dipti Singh, director – marketing and communications, Vertiv India. “As the adoption of AI and high-performance computing grows, it pushes the boundaries of what data centers can achieve, only increasing the need for robust critical digital infrastructure. Our commitment is to provide power and thermal solutions that enable data centers to operate seamlessly and support the evolving needs of challenging AI workloads.”

Go Colors launch their Activewear Collection

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Go Colors Hosted Exclusive Animal Flow Session with Aishwarya Krishnan to display their Activewear Collection – Go Active With Go Colors

Chennai, 2nd July 2024 – Go Colors, a leading name in the fashion industry, successfully hosted an exclusive Animal Flow session with renowned fitness expert Aishwarya Krishnan. The event took place at Whistle, Nungambakkam on 30th June 2024, to display Go Colors’ latest activewear collection.

The activewear collection was designed to blend style and functionality, catering to the dynamic lifestyles of modern women. This new line featured high-performance fabrics, ergonomic designs, and vibrant colors, ensuring both comfort and fashion-forward appeal.

The Animal Flow session, led by Aishwarya Krishnan, provided attendees with a unique fitness experience that combined various movement disciplines, promoting strength, flexibility, and overall well-being. Aishwarya, a celebrated fitness trainer, brought her expertise and enthusiasm to inspire participants, making the event a perfect blend of fitness and fun.

The event was attended by women from Chennai, including 20 micro-influencers from the city. Go Colors aimed to build a strong community – #GoActive – around their brand through this event, bringing together like-minded individuals who are passionate about fitness and fashion. The session with Aishwarya Krishnan fostered a sense of community among attendees, creating a space for the fit community to connect and share their enthusiasm for active living.

The event provided an invigorating morning of movement and style as Go Colors celebrated their fitness community. Attendees were encouraged to stay active and looked uber stylish as all of them donned the latest activewear from Go Colors.

About Go Colors: Go Colors is a premier fashion brand known for its innovative and stylish bottomwear for women. With a commitment to quality and design, Go Colors continues to set trends and redefine fashion standards.

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Shriram AMC launches Shriram NIFTY 1D Rate Liquid ETF (Growth)

Jun 26, 2024 by Gayathri Pariti 0 Comments #Chennai, #ETF, #Kartik Jain, #Shriram AMC, #Shriram Asset Management Company, #Shriram NIFTY 1D Rate Liquid ETF (Growth)

Chennai, June 26, 2024: Shriram Asset Management Company (Shriram AMC) announced the launch of Shriram Nifty 1D Rate Liquid ETF (Growth), an open-ended Exchange Traded Fund tracking the Nifty 1D Rate Index.

The Shriram Nifty 1D Rate Liquid ETF (Growth) New Fund Offer will be open for subscriptions from July 1, 2024 till July 3, 2024. Investors can apply through their securities brokers or by depositing physical forms at their nearest CAMS Investor Service Centre.

The Shriram Nifty 1D Rate Liquid ETF (Growth) provides investors with easy cash management with high liquidity, relatively low interest rate risk and relatively low credit risk. They can earn higher returns by investing their idle cash in this ETF seamlessly through their demat account, instead of leaving it in their savings account. The Growth plan delivers compounding of returns without the need to track daily fractional dividends, with capital gains tax being applicable only on redemption. Returns can easily be tracked through the growth NAV published.

The fund has lower interest rate volatility as it invests only in the overnight money market, with lower risk due to just a one day exposure to liquid instruments backed by government securities. Along with liquidity and steady returns, Shriram Nifty 1D Rate Liquid ETF (Growth) will also be made eligible as collateral for margin trading giving greater convenience to active equity investors.

Kartik Jain, MD & CEO, Shriram AMC, said, “At Shriram AMC, we are constantly striving to innovate and provide investment products that fit the changing demands of today’s clients. With the introduction of the Shriram Nifty 1D Rate Liquid ETF (Growth), we offer an effective cash management vehicle that combines the advantages of better returns, higher liquidity and relatively lower risk. This ETF is ideal for investors wishing to increase their returns on idle capital while reducing risk by investing in stable and secure overnight products. Active traders will get the added benefit of margin pledge. Given the present financial landscape’s growing desire for flexible and secure investment solutions, we believe this fund will play an important role in assisting clients in meeting their financial objectives.”

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