City Mumbai Financial News

28.07 / 07:17

markets Digital CEO Action information reports Updates Cipla expects to commence supplies to US from China plant later this year

Cipla expects to commence supplies to the US market from its China facility in the second half of the current fiscal after getting approval from the American health regulator, according to its MD and global CEO Umag Vohra. Addressing shareholders in the company's Annual Report for 2023-24, he noted that the company is working with the USFDA to resolve issues with its various domestic plants.

28.07 / 04:57

Citi Google Metro show voice Traffic Destinations Bengaluru Traffic: Viral Google Map screenshot shows walking is faster than driving 6 km; netizens voice frustration

Brigade Metropolis to KR Puram Railway Station.

27.07 / 10:18

Platform WhatsApp students country travelers Interviews Relationships Hyderabad processed the maximum US student visas in India this year

27.07 / 10:04

Dreams Sony wellness Videos cricket Sporting India vs Sri Lanka Live Score, 1st T20I: Start of Gambhir era, Surya set to take charge

India vs Sri Lanka Live Score, 1st T20I: New India T20 captain Surykumar Yadav will take charge of the 3 match T20 series against Sri Lanka starting today. Notably, Surya has big shoes to fill in leading the world champions and taking over the charge of team after retirement of skipper Rohit Sharma.

27.07 / 02:03

markets COST UPS Citi Audi exclusive reports Young buyers spend a fortune on luxury car makeovers

27.07 / 01:56

markets UPS Experts information stars NCLT lists Disney's Star India and Reliance's Viacom18 merger plea hearing on August 1 for final disposal

National Company Law Tribunal (NCLT) has listed Walt Disney-owned Star India and Reliance Industries (RIL)-promoted Viacom18's merger application for hearing and final disposal on August 1.

26.07 / 10:39

Aware Experts 1% TDS on property purchase over Rs 50 lakh even in case of multiple buyers or sellers

(This story originally appeared in on Jul 26, 2024)

26.07 / 09:27

COST UPS FIVE Food 2020 reports Margin headwinds loom for Nestlé India after unappetizing June quarter

MUMBAI : Nestlé India Ltd’s shares have dropped by about 3% since its June quarter (Q1FY25) results were announced on Thursday. The numbers mark a substantial slowdown in growth of the packaged foods company with revenue increasing by a mere 3.3% year-on-year. This is the lowest print since the Maggi crisis in 2015 (excluding the June 2020 Covid quarter), said analysts from Kotak Institutional Equities.

26.07 / 08:46

markets UPS Citi Booking Strategy information DLF plans to launch Rs 1.04 lakh crore worth real estate projects in medium term

Realty major DLF plans to launch nearly 37 million square feet area for sale in the medium term across various cities with revenue potential of Rs 1.04 lakh crore as part of its strategy to encash strong demand for luxury homes. In its latest investor presentation for the April-June quarter, DLF informed about the «planned launches of Rs 1+ lakh crore (36 million square feet) of new products over the medium term».

26.07 / 07:57

markets Citi BLOCK Aware WhatsApp rights International Godrej Family Office likely to sell a 5% stake in Sobha Ltd

Anamudi Real Estates, a part of the Godrej family office, is likely to partially exit its share in Bengaluru-based real estate developer Sobha Ltd in a deal valued around Rs. 1,000 crore.

26.07 / 06:01

markets Citi FIVE Manufacturing Diversity electronic reports Industrial & warehousing demand remains healthy with about 13 mn sq ft of leasing in H1 2024

leasing activity in H1 2024 and 17% y-o-y growth, as mentioned by Colliers in its latest report.

26.07 / 01:17

Citi Extreme CEO reports Schools Colleges International KKR's roll call for EuroSchool chain tempts Carlyle, Partners, EQT, CPPIB

₹1,400 crore, and infused more funds to acquire assets. The private equity firm has hired JP Morgan and Avendus to find buyers for Lighthouse. The 100% stake sale in Lighthouse, that was formerly called EuroKids International Group, assumes significance given that schooling and pre-schooling are perceived as regulated sectors, and any foreign investor will have to get comfort before going ahead with the investment, the three people said.

25.07 / 16:53

FIVE Airlines wellness Diversity travelers Traffic Updates Mumbai airport update: 11 flights cancelled, 10 diverted due to heavy rains

heavy rains continued to lash Mumbai. Runway operations at the Mumbai airport had to be halted twice as the visibility dropped to 300 meters, even as airlines issued advisories to passengers to arrive early at the airport in view of traffic congestion and water-logging in parts of the metropolis.

25.07 / 14:49

Sustainability WhatsApp wellness performer cover International S&P upgrades Vedanta Resources rating on improving capital structure

Vedanta Resources Ltd to 'B' from 'CCC+' on improving capital structure and liquidity. «We believe Vedanta Resources Ltd has sufficient internal resources to meet debt maturities until December 2025, following recent funds raised and improved dividend capacity at its subsidiaries,» S&P said in a statement.

25.07 / 11:41

markets COST Booking security Sustainability Parke Embassy REIT Q1 Results: NOI sees 4% jump, 70% YoY growth on leasing witnesses

Additionally, the revenue for the same quarter for the commercial office segment reached Rs 797 crore, reflecting 4 % growth compared to the previous year.

25.07 / 09:09

markets Provident Aware Death show reports Workplace safety: Nifty 500 firms saw nearly 11,000 injuries in FY23

MUMBAI : Nifty 500 companies, employing over 10 million employees and workers, recorded an 8.5% year-on-year rise in workplace injuries in 2022-23, showed a report by proxy advisory firm Institutional Investor Advisory Services (IiAS). While the total number of workplace injuries increased to 10,733 in 2022-23 from 9,889 a year ago, the number of high-consequence injuries rose by a third to 907 from 679 in India’s top 500 listed companies by market capitalization, said the report titled India: Workplace Safety Report FY23.

25.07 / 03:33

Extreme Yellow show isolate Department Videos Updates Mumbai rains LIVE Updates: Andheri Subway shut, trains delayed amid waterlogging; IMD issues yellow alert in Mumbai

Catch all LIVE Updates on Mumbai rains hereMumbai rains LIVE: Mumbai witnessed heavy showers today amid IMD's yellow alert.Mumbai rains LIVE: Central Railway rescheduled “CSMT-MADGAON TEJAS EXPRESS" with Train Number 22119 following heavy showers. It was earlier scheduled to depart at 5:50 pm today but will now leave for its journey at 7:30 pm.Mumbai rains LIVE: Andheri Subway has been closed for vehicular movement amid waterlogging following heavy rainfall.Mumbai rains LIVE: The India Meteorological Department (IMD) issued a yellow warning for heavy showers on Thursday, July 25, in Mumbai and Sindhudug districts of Maharashtra's Konkan region.

24.07 / 16:19

Election President Pride country International Sporting Nita Ambani unanimously re-elected as International Olympic Committee member from India

Nita Ambani, a renowned philanthropist and founder of Reliance Foundation, has been unanimously re-elected as a member of the International Olympic Committee (IOC) from India at the global olympic body's 142nd session in Paris.

24.07 / 13:28

FIVE WhatsApp Actor Courts Intention was to kill me, my family members: Salman Khan's statement in charge sheet

Salman Khan has told police that he believed the Lawrence Bishnoi gang carried out the firing at his residence here in April this year with the intention to kill him and his family members. The actor's statement is part of the charge sheet filed by Mumbai Police in a court here in connection with the incident.

24.07 / 12:43

markets Digital Booking wellness reports testing Commentary HUL: Gradually improving outlook to test investors’ patience

MUMBAI : Hindustan Unilever Ltd’s (HUL's) shares dropped close to 2% on Wednesday, which can be attributed to profit booking given that the stock had gained about 12% in the past one month in anticipation of potential positive announcements in the Union Budget 2024-25. It should be noted that the commentary of HUL’s management while announcing the June quarter (Q1FY25) results on Tuesday after market hours, though not too exciting about business conditions, is largely positive. The management said it expects FMCG sector and rural demand to continue improving gradually.

24.07 / 11:35

COST UPS Experts country cover shock Budget 2024: 3.5x surge in capital gains tax on CCDs stuns foreign investors

Mumbai: India’s latest union budget had a rude shock for foreign investors because their tax liability on capital gains in the country will surge across asset classes, experts said, which is likely to make them weigh the impact of the move before investing in the country. The biggest hit will be on foreign direct investments (FDI) in compulsorily convertible debentures (CCD), where the income tax rate on capital gains has gone up to 35% from 10%. Earlier, gains on unlisted CCDs held directly by foreign companies for more than three years were treated as long-term capital gains (LTCG) and taxed at 10%.

latest developments in city Mumbai

What is the current situation in city Mumbai?

In city Mumbai, the spotlight is on major events that spark public discussion.

Where can I find reliable news about city Mumbai?

We publish in-depth coverage about the situation in city Mumbai, based on information from trusted sources.

What shapes the media agenda in city Mumbai?

The news landscape of city Mumbai is shaped by the region’s internal dynamics, reflecting its unique context.