Top business stories on Oct 17: 161-metre high Chennai's tallest tower to be developed by Hiranandani and more

1. 161-metre high Chennai's tallest tower to be developed by Hiranandani

Chennai's tallest tower with a height of 161 metre is going be developed by the Mumbai-based developer House of Hiranandani. The same will also be South India's tallest tower.

The building will consist of 245 apartments and is going to come up at the developer's 120-acre township on Chennai's IT expressway.

Also Read: 161-metre high Chennai's tallest tower to be developed by Hiranandani

2. US electric car maker Tesla plans to collaborate with Panasonic Corp on solar energy

US electric car maker Tesla Motors plans to collaborate with Japanese electronics company Panasonic Corp on solar energy.

Tesla's said on its corporate blog on Monday that the companies have signed a non-binding letter of intent to begin collaborating on Panasonic's production of photovoltaic cellsand modules at a facility under construction by San Mateo, California-based solar-panel company SolarCity Corp. in Buffalo, New York.

Also Read: US electric car maker Tesla plans to collaborate with Panasonic Corp on solar energy

3. Senxex falls to 3-month low amid weakness across global stock markets

The BSE Sensex ended with a loss of 144 points at 27,530. The BSE Sensex opened at 27,776 touched an intra-day high of 27,803 and low of 27,488. The NSE Nifty closed with a loss of 63 points at 8,520.

Indian shares closed at near three-month lows after a sell-off in Chinese shares raised concerns around global growth.Senxex falls to 3-month low amid weakness across global stock markets

Also Read: Senxex falls to 3-month low amid weakness across global stock markets