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Recent Current Affairs related to Chennai

7 News
7 September 2026 ECONOMY

The National Commodity & Derivatives Exchange Limited (NCDEX) has launched “RAINCHNNAI”, a rainfall-based weather derivatives contract in Chennai to help market participants hedge risks associated with the Northeast (NE) monsoon.

The contract uses a cash-settled futures model to track rainfall deviations in Chennai between September and December. It is to be noted that the NE monsoon, also known as the retreating monsoon, contributes nearly 70% of the annual rainfall in Chennai.

24 August 2026 BUSINESS

Larsen & Toubro, through its AI infrastructure arm Vyoma.AI, has bagged a contract worth between ₹10,000 crore and ₹15,000 crore from the USA-based Together AI (Together Computer Inc) to build the largest single-cluster NVIDIA B300 AI factory in India.

The facility will be established at the L&T data centre campus in Chennai, and is designed to deploy 10,000 NVIDIA B300 Graphics Processing Units (GPUs).

22 August 2026 AGREEMENTS

The Government of India has signed a $230 million loan agreement with the Asian Development Bank (ADB) for the “Chennai Climate-Resilient Water Security and Sewerage Project”.

The initiative aims to modernize water supply and sanitation infrastructure in Chennai to strengthen the resilience of the city against climate change. The project also seeks to improve public health and quality of life by establishing a more efficient and financially sustainable urban water system.

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