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	<title>Business News &#8211; Chennaionline</title>
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	<lastBuildDate>Fri, 18 Sep 2026 18:24:18 +0000</lastBuildDate>
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	<title>Business News &#8211; Chennaionline</title>
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	<item>
		<title>Beyond the Tourist Wallet: Wizz Financial Launches the First Global Cross-Border Wallet Where UPI Meets Remittance &#8211; for Every Nationality, Resident and Non-Resident Alike</title>
		<link>https://www.chennaionline.com/news/beyond-the-tourist-wallet-wizz-financial-launches-the-first-global-cross-border-wallet-where-upi-meets-remittance-for-every-nationality-resident-and-non-resident-alike/</link>
		
		<dc:creator><![CDATA[Sukumar J]]></dc:creator>
		<pubDate>Fri, 18 Sep 2026 18:24:18 +0000</pubDate>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Beyond]]></category>
		<category><![CDATA[Tourist Wallet]]></category>
		<category><![CDATA[Wizz Financial]]></category>
		<guid isPermaLink="false">https://www.chennaionline.com/?p=206401</guid>

					<description><![CDATA[Wizz Financial today unveiled the Wizz Financial App at Global Fintech Fest (GFF) 2026, bringing a comprehensive range of financial]]></description>
										<content:encoded><![CDATA[<p>Wizz Financial today unveiled the Wizz Financial App at Global Fintech Fest (GFF) 2026, bringing a comprehensive range of financial services together on a single digital platform.</p>
<p>The app brings together Wizz Financial&#8217;s technology capabilities with the scale, reach and trust of its India network, which serves more than 5 million customers through more than 360 branches across 22 states.</p>
<p>Through the app, customers can access inward and outward remittances, foreign exchange, multi-currency prepaid cards, lending solutions, UPI for global users to India and bill payments, mobile recharges, and travel and visa services.</p>
<p>A key feature of the platform is SWITCH, Wizz Financial&#8217;s proprietary interoperability infrastructure, designed to connect its applications across the US, UAE and India, as well as participating third-party wallets and financial platforms.</p>
<p>SWITCH enables customers to move money seamlessly across the Wizz Financial ecosystem. Cross-border payouts are supported by Wizz Financial&#8217;s proprietary payout network, reaching more than 80 countries.</p>
<p>The platform also connects Wizz Financial&#8217;s US and UAE propositions with India&#8217;s UPI ecosystem, enabling eligible real-time transfers into Indian UPI accounts. Through the UPI One World framework, eligible international visitors can also use the Wizz Financial App to make cashless payments across India, subject to applicable regulatory requirements and prescribed limits.</p>
<p>&#8220;UPI is one of the most powerful pieces of public digital infrastructure the world has ever built. We have followed the Prime Minister&#8217;s vision for UPI from the very beginning, and I am prouder than ever that Wizz Financial is now helping carry that vision beyond India&#8217;s borders, spearheading a truly global, cross-border UPI ecosystem. With SWITCH, we are bringing payments, wallets and cross-border money movement together across the US, UAE and India, so that residents, non-residents and international customers can all move money through the same trusted rails,&#8221; said Amir Nagammy, Founder &amp; Group CEO, Wizz Financial.</p>
<p>&#8220;Wizz Financial has built the trust of millions of customers in India through accessibility and service excellence. By combining our nationwide branch presence with our digital capabilities, we are giving customers a simpler and more convenient way to access and manage their financial needs,&#8221; said Krishnan R, Director &amp; CEO, Wizz Financial India.</p>
<p>The launch at GFF 2026 marks a significant step in Wizz Financial&#8217;s strategy to build an integrated financial platform connecting customers and businesses across key global economic corridors.</p>
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		<title>Wipro Collaborates with Aramco and SAP to Launch Wipro STO360™ Solution for Efficient Shutdown, Turnaround, and Outage Management</title>
		<link>https://www.chennaionline.com/news/wipro-collaborates-with-aramco-and-sap-to-launch-wipro-sto360-solution-for-efficient-shutdown-turnaround-and-outage-management/</link>
		
		<dc:creator><![CDATA[Sukumar J]]></dc:creator>
		<pubDate>Thu, 17 Sep 2026 17:12:14 +0000</pubDate>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Wipro Collaborates with Aramco and SAP]]></category>
		<guid isPermaLink="false">https://www.chennaionline.com/?p=205967</guid>

					<description><![CDATA[Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced the launch]]></description>
										<content:encoded><![CDATA[<p>Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced the launch of Wipro STO360™, a new solution developed in collaboration with Aramco and SAP to help asset-intensive organizations to modernize and efficiently drive Shutdown, Turnaround and Outage (STO) management.</p>
<p>Built on SAP’s Business Technology Platform (SAP BTP), the solution combines Wipro’s deep domain expertise with Aramco’s business innovation and operational leadership to support asset-intensive industries, including oil and gas, chemicals, mining, manufacturing, and utilities. Wipro STO360™ is an end-to-end solution that enables real-time visibility into critical activities, improved collaboration across teams, and more informed decision-making throughout the STO lifecycle. Using a modern cloud-native architecture, it is designed to help organizations enhance asset reliability, improve operational efficiency, strengthen compliance, and reduce risk across maintenance programs.</p>
<p>“Asset heavy industries need to embrace AI-led transformation quickly and at scale due to the increasing complexity, regulatory expectations, and the need for operational excellence,” said Vinay Firake, CEO of APMEA (Asia Pacific, India, Middle East, and Africa), Wipro Limited. “Wipro STO360™ is a future-ready solution that combines our deep industry expertise, capabilities of Wipro Intelligence™, and cloud native engineering capabilities to help Aramco and other asset-intensive enterprises to optimize their STO operations, improving asset reliability, strengthening compliance, and unlocking measurable business value.”</p>
<p>Ahmad O. Al Khowaiter, Aramco Executive Vice President of Technology &amp; Innovation, said, “We are excited to implement Wipro STO360™ to help transform our business operations. Leveraging cutting-edge technology, we aim to set new benchmarks in operational excellence to continue our strong position in the industry. This initiative can support Aramco in optimizing the Turnaround and Inspection planning and execution phases by increasing the process efficiency and productivity.”</p>
<p>Wipro has been a trusted partner to Aramco for over two decades, delivering services across multiple domains including IT, engineering, and digital transformation. Wipro has also been working closely with Aramco on several initiatives that align directly with Vision 2030, Saudi Arabia’s national roadmap for economic diversification, sustainability, and human capital development.</p>
<p>“Ecosystem innovations are essential to SAP’s vision and delivery of the Autonomous Enterprise for our customers,” said Darryl Gray, Global Senior Vice President of ISV Partner Management at SAP. “We applaud Wipro on achieving SAP-endorsed app status for Wipro STO360™. Partners like Wipro help us deliver a business AI, cloud-first strategy with clean-core-compliant innovations that are proven to provide value while solving key business challenges.”</p>
<p>SAP BTP provides enterprise-grade security, portability, extensibility, and scalability, while creating a foundation for future innovation. Wipro STO360™ has been recognized as an SAP Endorsed App and is available on the SAP Store.</p>
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			</item>
		<item>
		<title>Tata AIA Top 200 Fund Delivers Consistent Outperformance Across Multiple Time Horizons, Reinforcing the Power of Long-Term Investing</title>
		<link>https://www.chennaionline.com/news/tata-aia-top-200-fund-delivers-consistent-outperformance-across-multiple-time-horizons-reinforcing-the-power-of-long-term-investing/</link>
		
		<dc:creator><![CDATA[Sukumar J]]></dc:creator>
		<pubDate>Wed, 16 Sep 2026 17:30:13 +0000</pubDate>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Tata AIA]]></category>
		<guid isPermaLink="false">https://www.chennaionline.com/?p=205707</guid>

					<description><![CDATA[For investors, the real test of any equity fund isn&#8217;t its strategy on paper — it&#8217;s what it has actually]]></description>
										<content:encoded><![CDATA[<p style="font-weight: 400">For investors, the real test of any equity fund isn&#8217;t its strategy on paper — it&#8217;s what it has actually done for their money over time. On that measure, the Tata AIA Top 200 Fund has a track record worth noting: as of 31 July 2026, it has consistently outperformed its benchmark, not in a single good year, but across every major time horizon  three years, five years, seven years, and since its inception in January 2009.</p>
<p style="font-weight: 400">These numbers reflect a broader story: the Tata AIA Top 200 Fund, an actively managed equity fund available under Tata AIA Life Insurance&#8217;s Unit Linked Insurance Plans (ULIPs), has outperformed its benchmark, the S&amp;P BSE 200, consistently not just in one good year, but across multiple time horizons. Recognising this consistent performance, global rating agency Morningstar has awarded the fund a 5-star rating.</p>
<p style="font-weight: 400">This is not an isolated result — it reflects Tata AIA&#8217;s consistent outperformance across its broader portfolio. As of June 2026, Top Funds of Tata AIA&#8217;s rated assets under management hold a 4- or 5-star Morningstar rating, placing the overwhelming majority of its funds among the highest-rated in their category.</p>
<p style="font-weight: 400"><strong>Performance Highlights (as of 31 July 2026)</strong></p>
<ul style="font-weight: 400">
<li><strong>5-Year CAGR: </strong>16.47%, compared to the benchmark&#8217;s 10.67%</li>
<li><strong>Since Inception (12 January 2009) CAGR: </strong>18.27%, compared to the benchmark&#8217;s 14.31%</li>
<li><strong>Morningstar Rating: </strong><em>5-Star, &#8211;</em> as of July 2026, Category- Equity</li>
<li><strong>Consistency, not a One-Off: Rolling Returns</strong></li>
</ul>
<p style="font-weight: 400">A single good year can happen by chance. Consistency across market cycles is harder to achieve — and it&#8217;s where the fund&#8217;s rolling returns make the stronger case:</p>
<table style="font-weight: 400" width="640">
<thead>
<tr>
<td width="200"><strong>Rolling Period</strong></td>
<td width="220"><strong>Tata AIA Top 200 Fund</strong></td>
<td width="220"><strong>S&amp;P BSE 200 (Benchmark)</strong></td>
</tr>
</thead>
<tbody>
<tr>
<td width="200"><strong>3-Year</strong></td>
<td width="220">23.8%</td>
<td width="220">15.2%</td>
</tr>
<tr>
<td width="200"><strong>5-Year</strong></td>
<td width="220">23.8%</td>
<td width="220">15.2%</td>
</tr>
<tr>
<td width="200"><strong>7-Year</strong></td>
<td width="220">21.8%</td>
<td width="220">13.2%</td>
</tr>
</tbody>
</table>
<p style="font-weight: 400">Because rolling returns measure performance from many different starting points rather than a single fixed date, they show whether outperformance is a genuine pattern or a one-off. Here, the fund has stayed ahead of its benchmark across every window measured.</p>
<p style="font-weight: 400">(*Average monthly rolling rate of return over last 10 year period)</p>
<p style="font-weight: 400"><strong>What This Has Meant for Investors</strong></p>
<p style="font-weight: 400">Here&#8217;s what that outperformance has looked like in rupee terms: a hypothetical investment of ₹1,00,000 made in the fund five years ago would be worth approximately ₹2,14,300 today, based on the fund&#8217;s 5-year CAGR of 16.47%. The same ₹1,00,000 invested at the fund&#8217;s inception in January 2009 would have grown to approximately ₹17.3 lakh over the fund&#8217;s ~17-year history, based on its since-inception CAGR of 18.27%.</p>
<table style="font-weight: 400" width="640">
<thead>
<tr>
<td width="173"><strong>If Invested</strong></td>
<td width="107"><strong>Period</strong></td>
<td width="147"><strong>Approx. Value Today*</strong></td>
<td width="107"><strong>Fund CAGR</strong></td>
<td width="107"><strong>Benchmark CAGR</strong></td>
</tr>
</thead>
<tbody>
<tr>
<td width="173"><strong>At inception (Jan 2009)</strong></td>
<td width="107">~17 years</td>
<td width="147">₹17,30,000</td>
<td width="107">18.27%</td>
<td width="107">14.31%</td>
</tr>
<tr>
<td width="173"><strong>5 years ago</strong></td>
<td width="107">5 years</td>
<td width="147">₹2,14,300</td>
<td width="107">16.47%</td>
<td width="107">10.67%</td>
</tr>
</tbody>
</table>
<p style="font-weight: 400"><strong>SFIN:</strong> <em>Top 200 Fund ULIF 027 12/01/09 ITT 110</em></p>
<p style="font-weight: 400"><strong><em>Performance Data:</em></strong><em> As of 31 July 2026. Returns above one year are calculated as CAGR.</em></p>
<p style="font-weight: 400"><em>Benchmark: S&amp;P BSE 200.</em></p>
<p style="font-weight: 400"><em>Past performance is not indicative of future performance.</em></p>
<p style="font-weight: 400"><strong>Note: Market-linked investments are subject to market risks. The investment risk in the portfolio is borne by the policyholder.</strong></p>
<p style="font-weight: 400"><strong>How the Fund Does It</strong></p>
<p style="font-weight: 400">Rather than simply tracking the BSE 200 index, the Top 200 Fund is actively managed — its team selects fundamentally strong businesses within that universe, with an eye on sustainable growth rather than short-term momentum. With roughly 94.94% of the portfolio invested in equities across large-cap, mid-cap, and emerging companies, and diversified exposure including Financials (12.95%) and Services (12.43%), the fund is built to participate in India&#8217;s growth story while managing concentration risk.</p>
<p><em>“The Top 200 Fund&#8217;s performance over the years reflects the strength of a disciplined, research-led investment process. What it has meant in practice is that a long-term investor who stayed the course — through multiple market cycles — has seen their money meaningfully outpace the benchmark. That&#8217;s the outcome we want every investor in this fund to experience,” said <strong>Harshad Patil, Chief Investment Officer, Tata AIA Life Insurance.</strong></em></p>
<p style="font-weight: 400">As financial markets navigate shifting interest rate expectations and changing investor sentiment, Tata AIA reiterated its commitment to helping customers build long-term wealth through professionally managed, research-backed investment solutions within its ULIP offerings.</p>
<p style="font-weight: 400"><strong>Morningstar Disclaimer</strong></p>
<p style="font-weight: 400">© 2025 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India, and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar”); (2) may not be copied, redistributed or used, by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; (4) may be drawn from data published on various dates and procured from various sources; and (5) shall not be construed as an offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of their affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates, or agents shall be responsible or liable for any trading decisions, damages or other losses resulting directly or indirectly from the information.</p>
<p style="font-weight: 400"><strong>Disclaimers</strong></p>
<ul style="font-weight: 400">
<li>The linked insurance product do not offer any liquidity during the first five years of the contract. The policy holder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.</li>
<li>Premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. On survival to the end of the policy term, the Total Fund Value including Top-Up Premium Fund Value valued at applicable NAV on the date of Maturity will be paid.</li>
<li>Market-linked returns are subject to market risks and terms &amp; conditions of the product. The assumed rate of returns or illustrated amount may not be guaranteed and depends on market fluctuations.</li>
<li>The performance of the managed portfolios and funds is not guaranteed, and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.</li>
<li>The Company does not guarantee any assured returns. ~Market-linked returns are subject to market risks and terms &amp; conditions of the product.</li>
<li>Investments are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market.</li>
<li>The investment income and price may go down as well as up depending on several factors influencing the market. Please know the associated risks and the applicable charges, from your Insurance Agent or the Intermediary or Policy Document issued by the Insurance Company. Please make your own independent decision after consulting your financial or other professional advisor. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any). All investments Company are subject to market risks. The Company does not guarantee any assured returns.</li>
<li>Buying a Life Insurance Policy is a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than all the premiums paid. Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors.</li>
<li>All funds open for new business which have completed 5 years since inception are rated 4 star or 5 star by Morningstar as of August 2025.</li>
</ul>
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		<title>DAC Developers Launches Balmandaisa</title>
		<link>https://www.chennaionline.com/news/dac-developers-launches-balmandaisa/</link>
		
		<dc:creator><![CDATA[Sukumar J]]></dc:creator>
		<pubDate>Fri, 11 Sep 2026 16:42:17 +0000</pubDate>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Balmandaisa]]></category>
		<category><![CDATA[DAC Developers]]></category>
		<category><![CDATA[DAC Developers launched BALMANDAISA]]></category>
		<category><![CDATA[Porur–Poonamallee Main Road]]></category>
		<guid isPermaLink="false">https://www.chennaionline.com/?p=204773</guid>

					<description><![CDATA[DAC Developers launched BALMANDAISA, its latest ultra-luxury residential development on Porur–Poonamallee Main Road, with a grand launch and logo reveal]]></description>
										<content:encoded><![CDATA[<p>DAC Developers launched BALMANDAISA, its latest ultra-luxury residential development on Porur–Poonamallee Main Road, with a grand launch and logo reveal held at the BalmandaIsa Office on September 11, 2026.</p>
<p>The event was graced by Mr. Sathish Kumar Santhanam, Founder &amp; Managing Director, DAC Developers, along with Mr. Kumar Vembu, Founder &amp; CEO, Mudhal Partners Pvt. Ltd. and Co-Founder, Zoho; Mr. Hari Vignesh R, Senior Relationship Manager – Construction Finance, Aditya Birla Housing Finance Ltd.; and Mr. Manjunath Selvamani, Regional Sales Manager – Prime Home Loans, Aditya Birla Housing Finance Ltd.</p>
<p>Positioned as an address for those who value space, sophistication and an elevated lifestyle, BALMANDAISA brings together expansive residences, premium amenities and strategic connectivity in one distinctive development.</p>
<p>Situated on Porur–Poonamallee Main Road and within walking distance from the metro station, BALMANDAISA offers seamless connectivity to key parts of Chennai while placing everyday conveniences and important destinations within easy reach. Its strategic location also adds to the project’s appeal as a strong long-term investment opportunity.</p>
<p>BALMANDAISA comprises 194 exclusive residences, offering a thoughtfully planned mix of 2 and 3 BHK apartments and expansive 4 and 5 BHK duplex residences. Designed for larger, more comfortable living, the homes are complemented by private terraces, adding an enhanced sense of openness and exclusivity.</p>
<p>The residences are complemented by a standalone G+3 clubhouse spanning 10,000 sq. ft., thoughtfully designed to offer a host of 40+ premium lifestyle amenities. The clubhouse, aptly named “The Meridian,” serves as an exclusive recreational and social hub for residents. These have been curated across wellness, recreation, social and leisure spaces, including a podium swimming pool, indoor games room, multipurpose hall, coworking space, mini theatre, rooftop party area, yoga zone and more.</p>
<p>The project comprises two basement levels, stilt and 13 residential floors, creating a well-integrated residential community.</p>
<p>With homes starting from ₹1.19 crore, BALMANDAISA brings together a strategic location, generous spaces, private terraces, premium amenities and investment potential for discerning homebuyers.</p>
<p>The grand launch and logo reveal marked an important milestone for DAC Developers, introducing BALMANDAISA as a new benchmark in ultra-luxury living on the Porur–Poonamallee corridor.</p>
<p>Addressing the gathering and customers, Mr. Sathish Kumar Santhanam, Founder &amp; Managing Director, DAC Developers, said that BALMANDAISA is one of the landmark projects in the company’s journey. He further shared that DAC Developers has completed over 150 projects and has expanded its presence to Sivaganga and Coimbatore, with an international presence through offices in Dubai and Singapore.</p>
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		<title>Wipro and CrowdStrike Launch CISO Command Center to Transform Enterprise Cybersecurity Operations</title>
		<link>https://www.chennaionline.com/news/wipro-and-crowdstrike-launch-ciso-command-center-to-transform-enterprise-cybersecurity-operations/</link>
		
		<dc:creator><![CDATA[Sukumar J]]></dc:creator>
		<pubDate>Wed, 09 Sep 2026 13:38:33 +0000</pubDate>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[CyberTransformSM]]></category>
		<category><![CDATA[NASDAQ]]></category>
		<category><![CDATA[Wipro Limited]]></category>
		<guid isPermaLink="false">https://www.chennaionline.com/?p=204284</guid>

					<description><![CDATA[Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced the launch]]></description>
										<content:encoded><![CDATA[<p>Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, today announced the launch of its Chief Information Security Officer (CISO) Command Center, in collaboration with CrowdStrike (NASDAQ: CRWD). The Command Center rewires enterprise security for frontier AI-accelerated risks to create proactive, risk-informed cyber resilience aligned to business priorities.</p>
<p>The CISO Command Center reinforces Wipro’s consulting-led cybersecurity strategy by enabling enterprises to move from tool-driven operations to an enterprise-wide, risk-led operating model. The Center will be operationalized through Wipro Intelligence™ solutions – CyberTransformSM and CyberShieldSM – and supported by the CrowdStrike Falcon® platform. It will deliver integrated protection across endpoint security, cloud security, exposure management, and AI security, while unifying detection and response through a modern Security Operations Center (SOC).</p>
<p>“Cyber risk is intensifying pressure on boardroom decision-making. Threats that once remained dormant for months can now materialize within hours, driven by external triggers and AI-enabled exploitation,” said Amar Bysani, Global Practice Head – Cybersecurity and Risk Services, Wipro Limited. “The Command Center will work with enterprises to turn security signals into business risk intelligence, enabling them to sense, prioritize, and respond at machine speed.”</p>
<p>Daniel Bernard, Chief Business Officer, CrowdStrike, said “AI is fundamentally changing both the threat landscape and how enterprises run defense programs. Together, CrowdStrike and Wipro are giving CISOs the AI-native security, intelligence, and services they need to turn risk into action at machine speed and transform security into a business advantage.”</p>
<p>The offering is further strengthened by Wipro&#8217;s membership in CrowdStrike&#8217;s Project QuiltWorks, a global coalition focused on identifying, prioritizing, and remediating frontier AI risk.</p>
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		<title>Axis Mutual Fund launches Axis Nifty 500 Low Volatility 50 Index Fund</title>
		<link>https://www.chennaionline.com/news/axis-mutual-fund-launches-axis-nifty-500-low-volatility-50-index-fund/</link>
		
		<dc:creator><![CDATA[Sukumar J]]></dc:creator>
		<pubDate>Tue, 08 Sep 2026 09:11:28 +0000</pubDate>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Axis Mutual Fund]]></category>
		<category><![CDATA[Axis Nifty]]></category>
		<guid isPermaLink="false">https://www.chennaionline.com/?p=203944</guid>

					<description><![CDATA[Axis Mutual Fund, one of India’s leading asset management companies, has announced the launch of the Axis Nifty500 Low Volatility]]></description>
										<content:encoded><![CDATA[<p>Axis Mutual Fund, one of India’s leading asset management companies, has announced the launch of the Axis Nifty500 Low Volatility 50 Index Fund, an open-ended index fund designed to track the performance of Nifty500 Low Volatility 50 TRI, subject to tracking error. The New Fund Offer (NFO) will open on September 09, 2026 and close on September 22, 2026. Essentially, the fund offers investors a passive, rules-based approach to investing in the equity market, through an index that is designed to identify stocks that have demonstrated relatively lower fluctuations in their prices.</p>
<p>Commenting on the launch, B. Gopkumar, MD &amp; CEO, Axis AMC, said, “As participation in equity markets broadens, the conversation around risk is also evolving. For many investors, the challenge is having the conviction to stay invested when markets fluctuate. We believe investment solutions should increasingly recognise this behavioural dimension of investing. A strategy that can moderate the intensity of market movements can potentially make it easier for investors to remain focused on their long-term goals, rather than reacting to every phase of the market cycle. This is an important role that Low Volatility based passive strategies can play in a portfolio.”</p>
<p>He further added that, “Low volatility investing does not seek to outperform the market in every phase. Instead, it takes a more measured approach to equity exposure by focusing on stocks that have historically experienced lower price volatility. With the launch of this fund, the core objective is not to eliminate market volatility, but to participate in equity markets through a portfolio constructed around a risk reduction characteristic.”</p>
<p>Understanding the Nifty500 Low Volatility 50 Index</p>
<p>Historically, the Nifty500 Low Volatility 50 TRI has exhibited lower volatility than the Nifty 500 across multiple time periods. Over the 20-year period ended July 31, 2026, the index delivered a CAGR of 16.0%, compared with 13.0% for the Nifty 500 TRI, while annualised volatility was 15.6% versus 19.9% for the Nifty 500 TRI. The strategy has also demonstrated relatively lower drawdowns during major market corrections. The lower drawdown during these periods meant that the strategy started its subsequent recovery from a relatively higher base.</p>
<p>The Nifty500 Low Volatility 50 Index starts with constituents of the Nifty 500 Index and applies liquidity eligibility criteria before calculating a low volatility score based on historical price behaviour. The 50 stocks with the lowest volatility scores are selected for inclusion in the index. Stock weights are determined using the low volatility score and free-float market capitalisation, subject to prescribed caps. The index is rebalanced semi-annually in June and December.</p>
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		<title>ASME India Brings IMECE India 2026 to Chennai</title>
		<link>https://www.chennaionline.com/news/asme-india-brings-imece-india-2026-to-chennai/</link>
		
		<dc:creator><![CDATA[Sukumar J]]></dc:creator>
		<pubDate>Thu, 03 Sep 2026 14:26:18 +0000</pubDate>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[ASME India]]></category>
		<category><![CDATA[IMECE India 2026]]></category>
		<guid isPermaLink="false">https://www.chennaionline.com/?p=202778</guid>

					<description><![CDATA[The American Society of Mechanical Engineers (ASME) India, a national professional organization dedicated to advancing engineering for the benefit of]]></description>
										<content:encoded><![CDATA[<p>The American Society of Mechanical Engineers (ASME) India, a national professional organization dedicated to advancing engineering for the benefit of humanity, today inaugurated the second edition of its flagship International Mechanical Engineering Congress and Exposition (IMECE) India 2026 at the Chennai Trade Centre.</p>
<p>Held under the theme “Engineering a Sustainable Future,” the three-day congress brings together policymakers, industry leaders, researchers, academia, MSMEs, startups and students to discuss the technologies, partnerships and talent needed to support India’s next phase of industrial growth.</p>
<p>The conference is expected to host 3000+ delegates, 600+ speakers, 900+ papers, 12 technical tracks and 75+ exhibitors.</p>
<p>The return of IMECE to India reflects ASME&#8217;s long-term commitment to one of the world&#8217;s fastest-growing engineering and manufacturing economies. Building on the momentum of its inaugural edition, IMECE India 2026 serves as a platform for connecting global expertise with India’s industrial ambitions across advanced manufacturing, energy, mobility and digital transformation.</p>
<p>Speaking on the occasion, Hon&#8217;ble Governor of Tamil Nadu, Thiru. Rajendra Vishwanath Arlekar said, “Sustainability has to be our goal. For what? In the interest of humanity. Every process, every exercise we do, it is for the human being. It is not for myself. It is for the people outside the walls of my laboratory. It is for the people who are there waiting for this particular knowledge, so that they can progress. It is for this purpose that we are here to discuss in the interest of humanity. To be a big visionary or to have this particular vision fulfilled, we all have to work towards Atma Nirbharta. All our goals, all our intentions, all our efforts and exercises are to be directed towards self-reliance.”</p>
<p>Speaking at the inauguration, Thomas Costabile, Executive Director and Chief Executive Officer, ASME, said “When ASME brought IMECE to India for the first time, it reflected our belief that India would play a defining role in the future of global engineering. The response from industry, academia, policymakers and the engineering community reinforced that belief. Today, India is emerging as a critical centre for advanced manufacturing, energy, mobility and digital innovation. The second edition of IMECE India builds on that momentum and provides a platform where global expertise and Indian innovation can come together to address industrial challenges of global significance.”</p>
<p>Highlighting the strategic focus areas of this year&#8217;s congress, Anand Sethupathy, Chief Strategy Officer, ASME, said, “The sectors being highlighted at IMECE India 2026 represent some of the most significant opportunities shaping India&#8217;s industrial future. From nuclear energy and deep-ocean technologies to aerospace, defence and AI-enabled engineering, these are areas where engineering excellence will directly impact economic growth, technological leadership and national competitiveness. Our plenary discussions are designed to focus on the capabilities, partnerships and workforce readiness needed to translate opportunity into industrial impact.”</p>
<p>A key focus of the congress is strengthening India&#8217;s industrial capabilities in sectors expected to drive long-term economic growth and technological leadership. Discussions during the three-day event will explore opportunities in nuclear manufacturing, the blue economy, aerospace and defence, and digital engineering, while examining how Indian industry can build resilience, scale innovation and strengthen its position in global value chains.</p>
<p>The congress agenda includes a dedicated plenary on “Building India’s Nuclear Supply Chain for a 100-GW Future,” while “Engineering the Blue Economy: Offshore, Subsea and Deep-Ocean Technologies for a Sustainable Future” will examine the technologies needed to unlock India’s maritime and ocean economy potential.</p>
<p>The spotlight will also turn to manufacturing competitiveness through the plenary “Moving Beyond Build-to-Print: India’s Aerospace, Defence &amp; Hi-Tech Manufacturing.” Meanwhile, “Engineering the Intelligent Future: AI, Digital Twins and Data-Driven Mechanical Engineering” will explore how artificial intelligence, digital twins and advanced data systems are transforming engineering and manufacturing.</p>
<p>Commenting on the choice of host city, Madhukar Sharma, President and Director, ASME India, said “Chennai has long been one of India&#8217;s foremost centres for mechanical engineering, manufacturing excellence and technical education. From automotive and heavy engineering to energy, aerospace and research, the city has played a defining role in India&#8217;s industrial growth story. Hosting IMECE India 2026 here is both a recognition of that legacy and an opportunity to bring together engineering leaders from across India and around the world to discuss the future of engineering and manufacturing.”</p>
<p>Dr. K. Shanmuga Sundaram, Congress Chair and Director, Centre for University-Industry Collaboration, Anna University added “IMECE India 2026 brings together industry, academia, government, researchers, startups and students on a common platform. By fostering collaboration across these stakeholders, the congress creates opportunities to accelerate innovation, strengthen industry-academia partnerships and support India&#8217;s engineering ambitions.”</p>
<p>Beyond technology and industry, the congress places a strong emphasis on talent development and innovation. Building on the MEEd India 2026 Engineering Education Symposium held at Anna University, the event features programmes such as Brain Bolt: The Engineer’s Sprint 2026, ASME ISHOW India, Innovation Square and Women in Engineering, providing opportunities for students, entrepreneurs and emerging innovators to showcase solutions and engage with engineering leaders.</p>
<p>Running through September 5, IMECE India 2026 reinforces Chennai&#8217;s position as a leading engineering and manufacturing destination while creating a platform for the conversations, collaborations and innovations that will help shape the future of engineering in India.</p>
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		<title>YES BANK hosts ‘AI Fest’ to explore the next phase of AI-led transformation</title>
		<link>https://www.chennaionline.com/news/yes-bank-hosts-ai-fest-to-explore-the-next-phase-of-ai-led-transformation/</link>
		
		<dc:creator><![CDATA[Sukumar J]]></dc:creator>
		<pubDate>Sat, 29 Aug 2026 07:58:11 +0000</pubDate>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[YES BANK]]></category>
		<guid isPermaLink="false">https://www.chennaionline.com/?p=201574</guid>

					<description><![CDATA[YES BANK, one of India&#8217;s leading private sector banks, successfully hosted a distinct technology-led initiative &#8211; ‘AI Fest’ at the]]></description>
										<content:encoded><![CDATA[<p>YES BANK, one of India&#8217;s leading private sector banks, successfully hosted a distinct technology-led initiative &#8211; ‘AI Fest’ at the YES BANK’s Headquarters in Mumbai. The event brought together Artificial Intelligence (AI) use case solution providers and aimed to explore real-world AI applications and scalable implementation strategies.</p>
<p>YES BANK ‘AI Fest’ 2026 was built around the theme of Intelligence, Innovation and Impact—showcasing how AI moves from concept to measurable business value. The event provided a platform to evaluate emerging AI solutions and engage directly with technology innovators.</p>
<p>Commenting on the initiative, Mr. Mahesh Ramamoorthy, Chief Information Officer, YES BANK, said, “Financial services is at an inflection point with AI, as the sector focuses scaling AI responsibly and create lasting value. Our ‘AI Fest’ was designed to create a focused environment where our teams at YES BANK could ideate on possible AI solutions that are mature enough to be adopted. We were able to bring together our business, product, risk, compliance and multiple other teams along with the technology ecosystem under one roof to discuss challenges and ideate on democratising AI. The ‘AI Fest’ aligns with our broader AI strategy of building capabilities methodically, governed by robust frameworks, and focused on delivering sustainable impact across the Bank.”</p>
<p>YES BANK has been increasingly integrating AI across its operations, anchored by a Board-approved AI Governance Policy aligned with the RBI’s Framework for Responsible and Ethical Enablement of AI. To operationalise this framework, the Bank established an AI Council and an AI Centre of Excellence to oversee implementation, the model lifecycle and introduced a Responsible AI training programme. The Bank has deployed AI across select processes and journeys.</p>
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		<title>Navin&#8217;s Expands Premium Portfolio with the Launch of Navin’s Krishna Cove in Porur</title>
		<link>https://www.chennaionline.com/news/navins-expands-premium-portfolio-with-the-launch-of-navins-krishna-cove-in-porur/</link>
		
		<dc:creator><![CDATA[Sukumar J]]></dc:creator>
		<pubDate>Tue, 25 Aug 2026 08:11:30 +0000</pubDate>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Launch of Navin’s Krishna Cove in Porur]]></category>
		<category><![CDATA[Navin's Expands Premium Portfolio]]></category>
		<guid isPermaLink="false">https://www.chennaionline.com/?p=200746</guid>

					<description><![CDATA[Navin’s, Chennai’s most trusted real estate developer, recently conducted the Bhoomi Pooja for Krishna Cove, its new boutique spacious residential]]></description>
										<content:encoded><![CDATA[<p>Navin’s, Chennai’s most trusted real estate developer, recently conducted the Bhoomi Pooja for Krishna Cove, its new boutique spacious residential development in Porur, marking the commencement of the project. Expanding its premium residential portfolio in West Chennai, Navin’s Krishna Cove is designed around spacious living, enhanced natural ventilation and sustainable amenities. The project comes as demand for spacious, low-density housing continues to grow in one of Chennai’s fastest-developing residential corridors.</p>
<p>Strategically located between Karambakkam, Porur and Valasaravakkam, Navin’s Krishna Cove has been envisioned as a low-density, boutique community that balances connectivity with privacy. With just 15 residences spread across five floors, the development caters to discerning homebuyers seeking spacious homes, thoughtful design and a peaceful living environment in one of West Chennai’s fastest-growing residential hubs. The RERA-registered project also enjoys excellent connectivity to metro stations, educational institutions, healthcare facilities and key commercial centres.</p>
<p>Speaking on the launch, Mr. Navin Kumar, Managing Director of Navin’s said, “We are elated to launch Navin’s Krishna Cove in Porur offering a pinnacle of spacious living for its residents, while providing the advantage of a strategically connected location. Navin’s Krishna Cove reflects the evolving aspirations of today&#8217;s homebuyers who seek thoughtfully designed homes in well-connected neighbourhoods without compromising on privacy or quality. The name Krishna Cove by itself blends the spiritual with sheltering. Together, the name and the project embody a sanctuary of peace, prosperity, and serene living. With just 15 residences across five floors, the project combines low-density living, superior ventilation and sustainable features while remaining true to Navin&#8217;s commitment to architectural excellence and customer-centric development. Navin’s commitment to customer-centricity remains and we will continue to strive for architectural brilliance, aesthetic appeal and unmatched quality combined with ethical business practices in every project we take up.”</p>
<p>About Navin’s Krishna Cove</p>
<p>1. Boutique community featuring 15 premium 2 &amp; 3 BHK residences across five floors, ranging from 1,084–1,412 sq. ft.</p>
<p>2. Designed to deliver three times better enhanced ventilation to maximise natural light and airflow.</p>
<p>3. Located near Porur, Karambakkam and Valasaravakkam with seamless metro connectivity.</p>
<p>4. The premises will have well-planned amenities including EV charging points for two-wheelers and four-wheelers, solar power for common areas, security intercom, anti-termite treatment, standby generator, rainwater harvesting, CCTV with IP security cameras and visitor car parking.</p>
<p>5. Exclusive concierge services add comfort and sophistication to everyday living.</p>
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		<title>Making Every Long Weekend More Rewarding: MakeMyTrip and Axis Bank Launch Exclusive Travel Benefits Through March 2027</title>
		<link>https://www.chennaionline.com/news/making-every-long-weekend-more-rewarding-makemytrip-and-axis-bank-launch-exclusive-travel-benefits-through-march-2027/</link>
		
		<dc:creator><![CDATA[Sukumar J]]></dc:creator>
		<pubDate>Mon, 24 Aug 2026 17:03:04 +0000</pubDate>
				<category><![CDATA[Business News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Axis Bank]]></category>
		<category><![CDATA[MakeMyTrip]]></category>
		<category><![CDATA[Making Every Long Weekend]]></category>
		<guid isPermaLink="false">https://www.chennaionline.com/?p=200583</guid>

					<description><![CDATA[MakeMyTrip and Axis Bank, one of the largest private sector banks in India, today announced a partnership to offer exclusive]]></description>
										<content:encoded><![CDATA[<p>MakeMyTrip and Axis Bank, one of the largest private sector banks in India, today announced a partnership to offer exclusive travel benefits during key long weekends and peak holiday travel periods.</p>
<p>Travel is increasingly becoming a year-round habit rather than an occasional indulgence with travellers opting for more frequent, shorter getaways throughout the year. Long weekends, in particular, have emerged as some of the popular travel peaks.</p>
<p>Built around India&#8217;s long weekend calendar, the programme is designed to offer recurring travel benefits across multiple holiday periods throughout the year. The offering covers domestic and international flights, hotels, holidays, tours and attractions, buses and cabs on the MakeMyTrip platform, enabling travellers to make the most of spontaneous or planned getaways.</p>
<p>For every eligible long weekend, a dedicated booking window will open ahead of the holiday period, giving customers access to exclusive benefits and offers across travel categories.</p>
<p>Vinit Bajaj, Group Head – Acquiring and Cards, Axis Bank, said, &#8220;Travel continues to be a key focus area for us, as customers increasingly seek meaningful experiences and greater value from their everyday spends. Long weekends are great opportunities for travel and people are making the most of it with short getaways throughout the year. Through our partnership with MakeMyTrip, we are bringing timely and relevant benefits that make travel planning more rewarding and accessible for our cardholders. This collaboration further strengthens our commitment to delivering differentiated travel experiences and enhancing the value our customers derive from their Axis Bank Credit Cards.&#8221;</p>
<p>Raj Rishi Singh, Chief Operating Officer – Flights, Corporate, GCC &amp; Marketing, MakeMyTrip, said, “Marketing is increasingly building around the right moment, not just the loudest voice. This partnership with Axis Bank reflects that shift, showing up with real value exactly when the traveller is deciding, not just when we want to be seen.”</p>
<p>As part of the offer, travellers booking on MakeMyTrip and paying with an Axis Bank Credit Card will receive a flat 10% instant discount on domestic flights (up to INR 1,800) and upto 15% instant discount on domestic hotel bookings (up to INR 5,000). Similar benefits will be available across international flights and hotels, buses, cabs, tours and attractions. Holiday packages will be eligible for an additional 5% instant discount with Axis Bank credit cards, over and above MakeMyTrip&#8217;s existing holiday offers, capped at INR 20,000*.</p>
<p>The offer will be available at checkout on the MakeMyTrip platform, with applicable benefits and offer details reflected on the payments page ahead of each long weekend.</p>
<p>*Full terms &amp; conditions, including minimum booking values, will be listed on the MakeMyTrip app and website ahead of each go-live date.</p>
<table style="font-weight: 400" width="417">
<thead>
<tr>
<td width="202"><strong>Occasion</strong></td>
<td width="215"><strong>Long Weekend Dates</strong></td>
</tr>
</thead>
<tbody>
<tr>
<td width="202"><strong>Gandhi Jayanti</strong></td>
<td width="215">2 to 4 October 2026</td>
</tr>
<tr>
<td width="202"><strong>Dussehra</strong></td>
<td width="215">18 to 20 October 2026</td>
</tr>
<tr>
<td width="202"><strong>Diwali</strong></td>
<td width="215">7 to 9 November 2026</td>
</tr>
<tr>
<td width="202"><strong>Christmas</strong></td>
<td width="215">25 to 27 December 2026</td>
</tr>
<tr>
<td width="202"><strong>New Year</strong></td>
<td width="215">1 to 3 January 2027</td>
</tr>
<tr>
<td width="202"><strong>Republic Day</strong></td>
<td width="215">24 to 26 January 2027</td>
</tr>
<tr>
<td width="202"><strong>Holi</strong></td>
<td width="215">20 to 22 March 2027</td>
</tr>
<tr>
<td width="202"><strong>Good Friday</strong></td>
<td width="215">26 to 28 March 2027</td>
</tr>
</tbody>
</table>
<p style="font-weight: 400"><strong><u> </u></strong></p>
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