City Mumbai Financial News

DLF will focus on expanding its business to develop residential and commercial projects and is entering new markets Mumbai and Goa to tap into growth opportunities, its Chairman Rajiv Singh said. In his message to shareholders in the annual report, Singh said the company will continue to focus on corporate governance, operational excellence and upholding the value of the company's founders. «Our focus is to expand both our businesses, residential and commercial. The residential business continued its growth momentum, we witnessed an uptick in new sales bookings, coupled with record sales collections. »The markets response to our products continues to be very encouraging. It is with this conviction that we are entering new geographies like Mumbai and Goa," he said.

The 33.5 km line will run from Aarey Colony to Cuffe Parade and will have 27 stops. The new line is set to transform urban transit in Mumbai, making travel easier across the city's streets and cutting down traffic congestion, the post further said. Mumbai is set for a transformative change in its transportation network with the launch of its first underground metro line in July.

Delhi-Mumbai expressway project, touted as a game-changer for Indian infrastructure, faces significant delays primarily due to land-related challenges in Gujarat. According to Times of India sources, two crucial segments totaling 62 kilometers in Gujarat only saw bidding commence in November 2023, while construction on one of these segments began in April this year, and the other started just this month. Initially slated for completion by January 2023, the project has encountered multiple setbacks, pushing the revised target to March 2024, which has also been missed. Sources reveal that constructing each stretch requires a minimum of eighteen months. To expedite progress, the project was divided into smaller 'packages' for faster execution. Officials assure that all outstanding land acquisition issues are being actively addressed. Presently, approximately 630 kilometers of the total 1,386 kilometers have been opened to traffic in various segments. Notable sections include Sohna-Dausa-Sawai Madhopur (293 km) and Jhalawar-MP/Gujarat border (245 km). Authorities express confidence that the 845-kilometer stretch from Sohna to Vadodara will be fully operational by March 2025. Subsequent sections, crucially linking to Mumbai's JNPT port, Jewar Airport in Uttar Pradesh, and Delhi's DND Flyway, are expected to follow suit.

process outsourcing units (BPO) are increasingly seeking to automate operations and artificial intelligence (AI) is helping companies save thousands of hours in manual work, said Prince Kohli, global chief technology officer of US robotic process automation company Automation Anywhere. “Intelligent automation uses AI and technologies like machine learning and robotic process automation to automate repetitive tasks, gather useful data and support informed decision-making,” Kohli told ET, adding that BPO clients are the company’s biggest supporters.

MUMBAI: In the rapidly growing world of finance influencers, what do Ananth Ladha*, Fincocktail, Pooja Patel, Himani Chaudhary, and Udayan Adhye share beyond their combined 12.5 million Instagram followers? These finance content creators are all registered mutual fund distributors (MFDs), leveraging their vast social media reach to redefine traditional financial advisory roles.

Mumbai Traffic Police has issued an advisory ahead of the Muharram procession scheduled for Tuesday, urging residents to follow the suggested routes and diversions to avoid congestion. The advisory outlines specific road closures and alternative routes as a significant number of participants are expected.

domestic passenger traffic in June at around 13.28 million, more than 6% from a year earlier, and nearly 10% above pre-covid levels; however, airline capacity deployment in June was up by just 7% on year and lower by 3% over May. Separately, one of the terminals of Delhi's international airport, the country’s largest and busiest, remains out of service.

Panchayat department is planning to create a marketing board dedicated to SHGs and FPOs in the Panchayat Department. “We are going to make a marketing Board separately dedicated to SHGs and FPOs in the Panchayat Department. Market linkages, capacity building, livelihood opportunities and research will be looked into by the Board. We are forwarding the proposals to the state government,” P Ulaganathan, Secretary in West Bengal Panchayat & Rural Development Department. “We have chosen 150 women from Self-Help Groups and IIM Kolkata are training them. We are funding them. Earlier their income was Rs 10-12,000 but it has touched Rs 10 lakhs now. Their products are available in New Delhi and Mumbai. It has happened with the help of IIM-Joka,” Ulganathan said, adding “We are doing entrepreneurship programmes in the state”.

MUMBAI: Nielsen Media, a global major in audience measurement and analytics, has picked up an office space spread over four floors in a commercial complex in Mumbai’s western suburb Goregaon through a long-term lease of over 10 years. The total rental outgo for the company for the over 152,000 sq-ft office space in commercial tower Oberoi Commerz III, part of larger layout Oberoi Garden City, will be more than Rs 465 crore over 10 years without factoring in any rental escalation. The agreement includes a clause to escalate lease rentals by 15% every three years and a five-year lock-in period.

MUMBAI : India has emerged as Temasek Holdings’ best-performing market over the previous 10 years, a key factor in the Singapore state investor’s total exposure to the country soaring to $37 billion. “In the last 10 years across all geographies, India has been the best in terms of returns," said Vishesh Shrivastav, managing director (India), Temasek, in an interview with Mint on Monday. Earlier in the day, Temasek said its exposure to India stood at $37 billion (equivalent to S$49 billion), including the financial interest from its portfolio firm SingTel’s investment in Bharti Airtel Ltd.

MUMBAI : Medikabazaar’s founders Vivek Tiwari and Ketan Malkan may not be awarded the stock options due to them this year as a fallout of financial discrepancies that have surfaced in yet another instance of corporate misgovernance among Indian startups. The company’s board is contemplating cancelling the management stock options that were due to the founders at the end of June, expecting Medikabazaar to not meet its revenue and operational earnings targets for 2023-24, according to three people familiar with the deliberations.

Over the years I have started reading the inside pages of newspapers more carefully, given that the news that’s published on a front page is typically available on digital media much before it is published the next morning.

Ocean Vista boasts a unique feature: unobstructed sea views from every floor, a signature offering exclusively by Rustomjee. This prominent attribute sets Ocean Vista apart in a market where spacious 4-bedroom seaside apartments are rare. Rustomjee leads the way among developers addressing this niche, offering 32 luxury 4-bedroom apartments with carpet sizes ranging from 2394 to 2521 square feet, providing luxurious beachfront living with unmatched privacy, and exclusivity.

Kim Kardashian and Khloe Kardashian stole the spotlight at Anant Ambani and Radhika Merchant’s grand wedding in Mumbai. The Kardashian sisters turned heads in exquisite outfits crafted by acclaimed Indian fashion designer Manish Malhotra, sharing numerous photos and videos of their glamorous looks on social media. Khloe Kardashian showcased the lavish wedding celebrations through her Snapchat stories, providing her followers with an inside look at the opulent event. However, one of her comments sparked a flurry of reactions online. In a video, Khloe flaunted her stunning Manish Malhotra lehenga, referring to him as a “local designer.” “You guys, how beautiful are my clothes?” Khloe said in the video. “They’re all so beautifully designed by a local designer. I’ll get you his name, but look at the details. Everything is so spectacular.”

Tezos, a decentralized blockchain platform, was founded by the husband and wife duo, Arthur and Kathleen Breitman, almost a decade ago and since then the open-source blockchain network has come a long way.

NEW DELHI : Insurance approval delays during hospital admissions and discharges have long been a bane for patients, primarily due to fragmented front-end systems and manual intervention at hospitals. Imagine a unified platform where all hospitals, insurance companies, and stakeholders come together to digitize and streamline this process. Enter the National Health Claims Exchange (NHCX), an initiative developed by the National Health Authority (NHA), the Union health ministry, and the Insurance Regulatory and Development Authority of India (Irdai).

MUMBAI : The controversy over Care Health Insurance Ltd’s award of hefty stock options to its chairperson Rashmi Saluja has taken a turn that may further delay the billionaire Burman family’s bid to take over the company’s parent entity, Religare Enterprises Ltd. In a move that may spark a fresh legal tussle, Care Health has argued against the insurance regulator’s powers over stock options granted to anyone in an Indian insurance company.

luxury brands to take note. Industry insiders said Hyderabad is now snapping at the heels of Delhi and Mumbai and is a market to watch out for. «In 2012, we had only three entrants from Hyderabad on the Hurun Rich list. Fast forward to 2023, and that number has surged to 87,” said Anas Rahman Junaid, founder and chief researcher, Hurun India.

Manish Malhotra and Tarun Tahiliani were the go-to designers for American reality TV stars and sisters Kim Kardashian and Khloe Kardashian who attended the grand wedding ceremony of Anant Ambani and Radhika Merchant in India. Anant, the youngest son of Asia's richest man Mukesh Ambani, on Friday married pharmaceutical heiress and childhood sweetheart Radhika at a star-studded event in Mumbai which saw the presence of celebrities from across the globe, politicians, who's who of Hindi and south Indian cinema world and almost all the top cricketers of the country. For their first visit to India, Kim (43) and Khloe (40) embraced the Indian style in true Manish Malhotra signature glamour, the celebrated fashion designer's label said. The Kardashians, who returned to the US on Sunday morning, chose custom-made creations by Manish Malhotra for the Friday nuptials.

Virat Kohli and his wife Anushka Sharma settling in London have been around for some time. While most of Bollywood was seen letting their hair down at Anant Ambani-Radhika Merchant’s wedding, the ace cricketer and the former actress was seen attending a kirtan in London. The power couple was seen listening attentively to a live performance by devotional song sensation Krishna Das Kirtan in London. In the video, Virat and Anushka are seen clapping and cheering during the bhajan, while American vocalist Krishna Das greets the audience with folded hands. The video was shared on the popular sub reddit Bolly Blinds Gossip. One Reddit user humorously commented with a famous line from Panchayat Season 3, «Kohli to Ambani: Kijiye wedding, kheliye wedding wedding, karte rahiye wedding wedding, alhua wedding.» Another fan observed, “They’re generationally securing ties for their future generations to reap benefits. Virat and Anushka I don’t think want power or even social capital. They just want to be wealthy private NRIs in the long run.”

vidai. Radhika’s vidai ceremony and her new journey as an Ambani bride Among the highlights of these festivities was Radhika's vidai ceremony. This deeply emotional occasion marked her farewell to her family as she stepped into a new chapter with her husband. This ritual, filled with love and blessings, resonated profoundly with everyone in attendance, Accompanied by her husband, Anant, Radhika sought blessings for her new journey.