City Mumbai Financial News

MUMBAI : A crucial and much-awaited trigger for battery maker Amara Raja Energy & Mobility Ltd has played out—a technology tie-up for lithium-ion. Its subsidiary Amara Raja Advanced Cell Technologies entered into a technical licensing agreement with GIB EnergyX Slovakia, a subsidiary of China-based Gotion High Tech Co. The partnership will help the battery maker get access to GIB’s LFP technology for lithium-ion cell manufacturing.

jawla (micro dried prawns) masala is worthy of singing a paean for, the latter’s gaboli sukka (dry preparation of fish roe) and prawn stuffed bombil (Bombay duck) are worth the trek to its trio of outposts in Mulund, Ghodbunder and Panchpakhadi in Thane. Speaking of a trek, at the on-going,dinner-onlyAgri Koli food festivalat Courtyard By Marriott Navi Mumbai’s Courtyard Pavillion restaurant, guest chef Savita Nivrutti Koli, a wedding caterer and home chef from Karanja in nearby Uran, talks of the starring role seafood has in her community. “Almost an equal amount of what we fish for sale, will end up on our table," Savita says with a laugh.

bad loan aggregator, National Asset Reconstruction Co (NARCL), has received four expressions of interest in response to its call for a second round of bidding to take over the debt of Sion Panvel Tollways, people familiar with the matter said. The second round for the project that links Mumbai with its southeastern suburbs and Pune was called in May after the earlier three bids were rejected by NARCL due to their low value. This is the first move by NARCL to recover bad debt since it started operations in January 2022.

assembly elections, Shiv Sena (UBT) MLC Anil Parab introduced a private member's bill proposing a 50 per cent reservation for Marathi-speaking residents in new Mumbai housing projects. The bill, pending the deputy chairperson's approval, suggests penalties up to Rs 10 lakh and/or six months' jail for developers who don't comply, TOI reported. Shiv Sena (UBT) holds 9 seats in the 78-member legislative council and 15 seats in the 288-member assembly. The opposition coalition, Maha Vikas Aghadi (MVA), has 75 assembly members and 29 council members, while the ruling Mahayuti alliance controls 212 assembly seats and 28 council seats. The proposed bill may be presented during the monsoon session starting this Thursday. Parab introduced the bill after numerous cases where Marathi-speaking individuals were denied housing due to their food choices or religion. «Discrimination based on such grounds is unconstitutional,» he stated. Parab highlighted a Vile Parle incident where a builder refused to sell homes to Marathi people citing their food habits. Despite protests, government action was lacking, and the builder only apologized after media exposure. Parab emphasized that Marathi speakers are now a minority in Mumbai.

Mumbai/New Delhi: Millions of students vying for coveted colleges and courses makes India's vast education sector a prime target for cybercrime, experts said, at a time authorities have pointed to leaked question papers appearing in the so-called dark net. Besides, data of innumerable students may also be vulnerable to unauthorized access and misuse. Amid widespread student protests over the past two weeks, the government has raced to withdraw grace marks in the pre-medical entrance exam for MBBS and related courses, cancelled an exam for junior research fellowships at universities, and postponed another exam to admit students to post-graduate medical courses.

Tanushree Dutta has strongly responded to Nana Patekar's recent comments dismissing the MeToo allegations she made against him. In a recent interview with Times Now, Dutta accused Patekar of being a «pathological liar» and claimed he is fearful because his support base in Bollywood is declining.

Quant Mutual Fund has received inquiries from Sebi in the suspected front-running case. The market regulator has seized mobile phones, computers and other digital devices while raiding Quant's Mumbai headquarter and the Hyderabad premises of suspected beneficiaries to find out who was leaking confidential information from the fund house to make profit. ETMutualFunds analysed the performance of Quant Small Cap Fund in a longer horizon of five years. The scheme was the topper in the last five years among all small cap funds. Quant Small Cap Fund offered 495% absolute return in the last five years. The scheme is benchmarked against Nifty Smallcap 250 — TRI which gave 250% absolute return in the same time period. The scheme manages assets of Rs 21,243 crore as of May 2024.

Naukri.com. Vacancies for HR generalists surged 53% and that of operations managers by 45%. Full stack data scientists also reported a 36% rise, reflecting rising demand for data-focused roles.

Pranav Chawda, head of commercial banking for India, will expand his current responsibilities to become the head of India Corporate Banking and can confirm that PD Singh is leaving the firm, a JPMorgan representative said by email in response to queries from Bloomberg News.

Quant Mutual Fund has lakhs of investors worried about the fate of their investments. While raiding Quant's Mumbai headquarter and the Hyderabad premises of suspected beneficiaries, Sebi has seized mobile phones, computers and other digital devices to find out who was leaking confidential information from the asset management company to make illicit profit. The hand of either a dealer from a Quant entity or a broking firm through which the AMC places order is being suspected in the case, ET reported.

The price change in 24 carat gold in the last one week has been -1.59% .whereas in the last month it has been -1.95%.The cost of silver is Rs.90850.0 per kg Gold Price Today in Chennai is ₹74274.0/10 grams. Yesterday’s Gold Price on 23-06-2024 was ₹74274.0/10 grams. and last week’s gold price on 18-06-2024 was ₹73806.0/10 grams.

Mumbai: The two monetary policy committee (MPC) members who voted to cut interest rates and change monetary policy stance at its last meeting believe the Indian economy needs to grow at joined its potential growth of 8%, as inflation continues to approach the target of 4%. The MPC had voted to keep repo rate unchanged at 6.5% for the eighth consecutive time in its June meeting. Jayanth Varma, who had been voting for a rate cut since February this year, argues that MPC should start cutting rates this quarter to give a boost to growth in FY26.

Nag Ashwin’s epic sci-fi fantasy ‘Kalki 2898 AD’ is all set to be a global juggernaut! Advance ticket bookings for the Prabhas-Deepika Padukone-starrer have been nothing short of phenomenal! According to a report shared by Prathyangira Cinemas, which is in charge of the movie’s distribution in North America, the magnum opus has sold more than 77K tickets and earned a staggering $2.6 million in advanced sales. Sharing a poster of the movie, the X handle of the movie wrote, “RAMPAGE in TOP GEAR. Kalki 2898 AD total North American pre-sales crossed $2.6 Million. Prabhas' game is going to be wild in the coming days.” If the demand remains steady, ‘Kalki’ can overtake SS Rajamouli's epic period drama ‘RRR’, which amassed an impressive $2.75 million in terms of advanced ticket sales in the US.

Hip-hop artiste Naved Shaikh, also known by his stage name Naezy, has grabbed headlines for becoming a contestant for the third season of ‘Bigg Boss OTT’. His ‘underdog’ story has grabbed eyeballs for being an inspirational rags-to-riches tale. For the unversed, the 2019 hit film ‘Gully Boy’ starring Ranveer Singh and Alia Bhatt, was said to be based on the story of Naezy. Directed by Zoya Akhtar, ‘Gully Boy’ was a resounding success, earning more than Rs 230 crore at the box-office. Read on to find out more about the hip-hop sensation.

Exit polls is a loss-making business and the only profit a pollster earns is visibility, Axis My India chief Pradeep Gupta has said. Gupta was considered to be the poster boy of exit polls till June 4, when the Lok Sabha poll results dealt a hammer blow to the reputation of pollsters after their predictions proved to be wide off the mark. «Exit polls are a loss-making venture because no media house will pay as much money as that invested on the ground… the only profit that we make in exit polls is that we get visibility which we do not get while doing market research for corporate clients,» he said. In an interaction with PTI editors at the agency's headquarters, Gupta said 70 per cent of his clientele is corporate clients and that is where the main revenue comes from.

₹250 crore, reported Bollywood Hungama, citing industry sources. The production house, owned by Vashu and Jackky Bhagnani, is also downsizing its operation post consecutive Box Office failures of its Badhe Mia Chote Mia, Bell Bottom, Ganapath, Mission Raniganj, etc. According to the news report, Vashu Bhagnani had downsized the production house's workforce to recuperate the losses.

Afghanistan pulled off a monumental 21-run upset over Australia in the T20 World Cup, with Gulbadin Naib’s four-wicket haul overshadowing Pat Cummins’ hat-trick. Afghanistan defended their total of 148 for six, securing their first-ever win over Australia in international cricket. Australia were bowled out for 127 in 19.2 overs in the Super Eight contest, now facing potential early elimination from the World Cup. They must win against India and hope Afghanistan loses to Bangladesh. Afghanistan avenged their ODI World Cup defeat in Mumbai, where Maxwell had previously snatched victory from them. Skipper Rashid Khan expressed immense pride in the team's performance, highlighting Naib’s impactful bowling and Nabi’s early dismissal of Warner. The result has thrown Group 1 wide open, with both Australia and Afghanistan having one win each, while India leads with two wins. The final Super Eight matches will be crucial in determining which teams advance to the semi-finals, with all four teams in Group 1 still having a chance to make it through.

immigration process at airports for pre-verified Indian nationals and people of Indian origin holding the Overseas Citizen of India (OCI) cards. Home minister Amit Shah inaugurated the Fast Track Immigration-Trusted Traveller Programme (FTI-TTP) at the Indira Gandhi International Airport in Delhi. This facility will be available free of cost for all passengers, Shah said. Eligible individuals will need to apply online and submit their biometrics (fingerprint and facial image) along with other required information as specified in the application form for registration, explained officials. In the second phase, the programme will also cover foreign travellers, they said.

Meanwhile, on Saturday, Maharashtra Congress President Nana Patole inspected the cracks spotted on the Mumbai-Trans Harbour Link (MTHL), and alleged that these cracks are the result of corruption. Project Head Kailash Gantra said that the repair work will be completed by this evening.

Salman Khan have been expressing concern since the shooting incident outside his Bandra residence on April 14, 2024. The police allege that the shooters, believed to be associated with Lawrence Bishnoi's gang, conspired to assassinate the 58-year-old actor. Several individuals involved in the shooting were apprehended and brought to Mumbai. Now, forensic analysis confirms that the audio recovered from the suspects' phones corresponds to Anmol Bishnoi, the brother of gangster Lawrence Bishnoi.

Sonakshi Sinha and Zaheer Iqbal's much-anticipated wedding is the latest buzz in Bollywood. Preparations are in full swing as the couple gears up for their big day. Recently, a photo from their mehendi ceremony has taken social media by storm, showing the couple sharing a joyful moment with friends and family. For the pre-wedding event, Sonakshi looked radiant in a red salwar kameez, while Zaheer donned a printed red kurta paired with white pyjama. The couple’s happiness was evident as they posed for photos, celebrating with their loved ones. In the lead-up to their wedding, Sonakshi and Zaheer enjoyed bachelor and bachelorette parties with close friends. Sonakshi shared glimpses of her bachelorette, including a picture with her close friend and actor Huma Qureshi. Meanwhile, groom-to-be Zaheer was spotted with Sonakshi's father, Shatrughan Sinha, in Bandra, Mumbai. The veteran actor and Zaheer posed happily for the paparazzi.