City Mumbai Financial News

BJP emerged victorious in 240 out of 543 seats, while the Congress secured 99. BJP's tally fell short of the 272-majority mark, necessitating the support of allies within the party-led NDA for government formation.

Kangana Ranaut has proven she is here to rule. Her first innings in politics have proven to be a resounding success. The ‘Queen’ actress bagged a Lok Sabha seat at the Mandi constituency in Himachal Pradesh by a margin of 74,755 votes.

Nitin Gadkari on Tuesday was able to achieve a hat-trick as he cliched the Nagpur seat.

India’s urban centres, seen as hubs of progress, often appear to take on a prime role in shaping the political discourse. Voting numbers at around 10.45 am in 30 select constituencies across six metro cities show that Narendra Modi’s Bharatiya Janata Party (BJP) has increased its vote share to 44.4% in the current Lok Sabha election, from nearly 39% in the 2019 election and 32% in 2014. Congress’ vote share in these constituencies has also increased, from 17.8% in the previous national election to nearly 21% as of the latest data.

NCP and Shiv Sena, are trying to prove their legacy by fighting in seperate allainces.

That India has made impressive strides in expanding its road infrastructure is undeniable and very visible. Going by historical metrics, one can also possibly justify this expansion. After all, India has a mere 5.13km of road length per 1,000 people, against more than 20km in the US.

India's strong GDP growth of over 6% a year will help push the annual growth in travel spending in the country to roughly 9%, a new McKinsey report released on Monday said. With this growth, India's domestic travel market could overtake Japan and Mexico to become the world's fourth largest by 2030, as per the report titled 'The State of Tourism and Hospitality 2024'. Domestic air passenger traffic in India is projected to double by 2030, buoyed in part by a state-subsidised initiative that aims to connect underserved domestic airports and has shifted the development focus away from major metropolises such as Mumbai and Delhi towards fast-developing smaller cities such as Chandigarh and Hyderabad.

ALSO READ: Bengaluru water supply cut alert! BSWWB warns of water shortage on THESE daysAccording to 'X' user @Bnglrweatherman, he cited IMD data of 2 June which recorded recorded 111 mm for Bengaluru, crossing the June month average of 110.3 mm, in a single day. He further said the highest single day rainfall in June was recorded on 16 June, 1891.Meanwhile, head of IMD Centre, Bengaluru, CS Patil mentioned the southwest monsoon has further advanced over Karnataka and a yellow alert has been issued for some districts till 5 June.ALSO READ: Monsoon Tracker: Wet spell in Delhi, Bengaluru, Mumbai, Kolkata and Chennai? IMD's full weather forecast here"Dakshina Kannada, Udupi and Uttara Kannada in coastal Karnataka, Bagalkote, Belgavi, Dharwad, Gadag, Haveri, Koppal and Vijayapura in north interior Karnataka and Ballari, Bengaluru (rural and urban), Chikkaballapura, Davangere, Chitradurga, Hassan, Mysuru, Tumakuru in south interior Karnataka are likely to get heavy rainfall in the next two days," he added.On IMD's forecast of heavy rains in the next 24 hours, Karnataka Dy CM DK Shivakumar said, as quoted by ANI, "I have instructed that no department related to Bangalore, including BESCOM, KPTCL, BBMP, BDBUS SB, Forest Department, can shirk their responsibility.

Lawrence Bishnoi and Goldie Brar gangs allegedly considered employing minors to carry out the killing of Bollywood actor Salman Khan, according to police. Navi Mumbai Police uncovered a plot to kill the actor during their investigation disclosing a video call conversation between Lawrence Bishnoi gang member Ajay Kashyap and another accused.

Cargo traffic across 12 major ports in the country increased by 3.75 per cent year-on-year in May to 72.04 million tones (MT) from 69.43 MT handled in the corresponding month of 2023 with nine such ports showing positive growth. Visakhapatnam Port registered the maximum cargo growth in cargo handling at 22.05 per cent during the reporting month followed by Chennai Port with 9.10 per cent, Cochin Port with 7.78 per cent and Mumbai Port with 5.89 per cent, according to data released by the major ports' apex body, Indian Ports Association (IPA).

delayed local train services on the Central Railway, with the authorities attributing the disruptions to the new signalling system. The Central Railway undertook a 36-hour mega block over the weekend along with a 63-hour block for widening platforms at Thane station between Friday and Sunday.

Market regulator the Securities and Exchange Board of India (Sebi) launched 'Saa₹thi 2.0' mobile app in Mumbai on Monday. The updated Saa₹thi app has introduced a user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts, a Sebi release said. It includes financial calculators, and has modules that introduce and explain KYC procedures, mutual funds, ETFs, buying and selling shares on stock exchanges, investor grievances redressal mechanism, and the Online Dispute Resolution (ODR) platform. Additionally, the app features a range of videos designed to assist investors in their personal finance planning.

aviation ministry has set in motion the urban air mobility project with the setting up several technical committees to pave the way for India's first ait taxi to take-off by 2026, as was being planned for some time.

Alia Bhatt and Ranbir Kapoor, along with their daughter Raha Kapoor, recently returned to Mumbai after attending Anant Ambani and Radhika Merchant’s second pre-wedding bash in Europe. Their arrival at the Kalina Airport was marked by a heartwarming scene that quickly went viral on social media and all for adorable reasons.

withdrawn Rs 2,000 banknotes are still in circulation, about eight months after the deadline to deposit or exchange them at bank branches was over.

Variety that, “In 'Heeramandi 2,' the women now come from Lahore to the film world. They leave Lahore after the partition and most of them settle in the Mumbai film industry or Kolkata film industry.

Mint on the sidelines of the annual general meeting of the International Air Transport Association, a global airline body. On receiving the nod from NCLT, the airline hopes to take another 4-5 months to merge the air operator certificate of AIX Connect with Air India Express. The Tatas acquired both Air India and its subsidiary Air India Express in January 2022.

Also Read | 'Come to Bengaluru, increase odds of success': Unacademy’s Gaurav Munjal asks start-up founders to ditch Mumbai, DelhiMunjal's praise for Bengaluru resonated with many social media users. One user commented, "Not even starting a company, if you want non-linear outcomes in your career, BLR is the place with the highest probability!" Another user highlighted the city's advantages: "Its robust infrastructure, talent pool, and cosmopolitan culture foster innovation.

Kangana Ranaut stands by Raveena Tandon after her recent attack in Mumbai, calling the incident “violent" and condemning road rage outbursts.BJP candidate from Mandi further urged for reprimand against those responsible, expressing her support via Instagram Stories.Kangana wrote, “What happened to Raveena Tandon ji is absolutely alarming; had there been 5-6 more people in the opposite group, she would have been lynched; we condemn such road rage outbursts; those people must be reprimanded. They must not get away with such violent and poisonous behaviour."Earlier, Mumbai Police, while investigating the road rage incident involving actor Raveena Tandon, confirmed that her car did not collide with anyone, according to an official statement on Sunday, PTI reported.Also Read: Mumbai Police issues statement on 'attack' on Raveena Tandon, says ‘both parties denied….’Contradicting claims in a viral video, where a man alleged that Raveena's driver hit his mother and led to an assault, CCTV footage from the vicinity of the Khar-based building where the incident occurred showed the women near the actor's car but not being struck by it.

gold in the last one week has been -1.0% whereas in the last month it has been -1.8%.The cost of silver is Rs.92630.0 per kg Gold Price Today in Delhi is ₹73948.0/10 grams. Yesterday’s Gold Price on 02-06-2024 was ₹74527.0/10 grams. and last week’s gold price on 28-05-2024 was ₹73779.0/10 grams.

MUMBAI : The Reserve Bank of India (RBI) is intensifying scrutiny on asset reconstruction companies (ARCs), mandating that they classify borrowers by risk profile and verify their KYC (know your customer) data after acquiring bad loans from banks and non-bank financiers. This move aims to bolster fraud detection and anti-money laundering measures, aligning ARCs with the same rigorous standards imposed on banks. According to two ARC executives aware of the development, the RBI has informed ARCs that they need to start verifying the KYC of borrowers even if they are buying from lenders who have those details.