City Mumbai Financial News
31.05 / 14:29
markets
UPS
FIVE
trends
show
performer
Mumbai property market continues record-setting spree with best-ever May
record-setting spree with the best-ever May performance driven by brisk sales activity and high demand, even amid higher mortgage rates and increasing property prices. The country’s commercial capital witnessed more than 11,917 property registrations during the month, up 21.3% from a year ago. The performance led to the state exchequer fetching revenue worth over Rs 1,029 crore through stamp duty collection, up 23.5% on-year, showed data from Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. “India's economic expansion and optimistic future have significantly enhanced homebuyers’ confidence in acquiring property, which has resulted in robust business activity in the industry. The sector is performing well on all key metrics including sales momentum, new developments, and price growth, and Mumbai property market undoubtedly remains the top performer,” said Deepak Goradia, CMD, Dosti Realty.
31.05 / 11:27
UPS
Aware
Death
community
Wildlife
International
Delhi airport operator DIAL says taking mitigating measures to reduce bird strikes
Delhi airport operator DIAL on Friday said its wildlife hazard management team is taking various mitigating measures to limit bird strikes in the airfield. The Delhi International Airport Ltd (DIAL), a consortium led by the GMR Group, also conducted an awareness campaign this week in the Rangpuri Pahari area near the airport to educate the local community about the dangers of wildlife strikes, particularly bird strikes. Rangpuri Pahari, located on the approach path of runway 29L/11R, was organised to address the increasing incidents of bird strikes observed in this area, especially during the monsoon season, according to a release. DIAL also said its dedicated Wildlife Hazard Management (WHM) team is actively engaged in various mitigation measures to limit bird strikes within the airfield.
31.05 / 10:37
UPS
love
show
information
reports
Relationships
Have Arjun Kapoor and Malaika Arora really broken up? Here is the entire truth
Rumors have been swirling since this morning about the alleged separation of Arjun Kapoor and Malaika Arora. Reports suggested that their relationship has come to an end, prompting speculation about the reasons behind it. However, seems like this might not have been the case.
31.05 / 10:27
UPS
Provident
BLOCK
Platform
security
Trade
stake
Large investors sell up to 5% stake in CarTrade for Rs 200 crore
institutional sellers have sold up to a 5% stake in CarTrade Tech, a multi-channel auto platform company, on Friday for a consideration of around Rs 200 crore ($24 million) through a block deal, according to a source familiar with the matter. ET has learned that some of the institutional investors had placed around 2.2-2.3 million shares of the company on the block. Axis Securities was the banker to the trade. An email sent to the company and Axis Securities remains unanswered as of press time.
31.05 / 00:43
markets
Action
security
Trade
information
Schools
Angel One to undertake corporate restructuring, create holding company
Angel One, the Mumbai-based stock broking major, is looking to create a holding company and structure its multiple businesses like credit, asset management and wealth management as the subsidiary entities, two people in the know said. Currently the businesses are held by Angel Broking, which owns a stockbroker licence from the Securities and Exchange Board of India, the people said.
30.05 / 18:31
Man
CBS
show
reports
Courts
Videos
Michigan man driving with suspended license caught live during court hearing, jailed | Watch
CBS, this happened in Michigan, the United States, where a man appearing virtually in a Washtenaw County court hearing was caught actively driving under a suspended license.ALSPO READ: Viral video: Man performs dangerous stunt on moving car, Mumbai Police reactsAccording to the report, the incident occurred on 15 May when Judge J. Cedric Simpson was hearing a case of 44-year-old Corey Harris, who was scheduled to attend the hearing for charges stemming from an earlier arrest in Pittsfield Township.The video showed that Harris joined the hearing and was behind the wheel of a car in motion.
30.05 / 18:31
Citi
reports
Monsoon Tracker: With an early onset in Kerala, here's when Mumbai, Delhi, other cities will receive rainfall
Heavy rainfall lashed the coastal state of Kerala and eight people were reportedly injured due to lightning."Normal date (for the arrival of Monsoon in the northeast) was 5th June, but it arrived today. In Kerala, it was supposed to be on 1st June, but it arrived here on 30th May.
30.05 / 16:49
Citi
Citizens
Courts
Mumbai: Building slab collapses in Vikhroli, two senior citizens dead
Also Read: Ghatkopar hoarding collapse: Retired ATC official, wife waiting to refuel found in 'decomposed state'According to TOI, the 20 dangerous buildings house a total of 711 residents or tenants, comprising 494 residential and 217 nonresidential occupants.The board has appealed to occupants to vacate the buildings and avoid loss of life and property. It has urged them to notify the 24/7 control room at Tardeo of danger or accidents at 022-2353 6945, 0222351 7423 and 93216 37699, said the report.In another development, a 47-year-old structural engineer was arrested on Thursday in connection with Ghatkopar hoarding collapse on May 13.
30.05 / 16:49
markets
economy
Enterprise
NVIDIA
trends
electronic
reports
AI chip demand to surge by a third with AI adoption across all devices
AI and clean energy: Prepare for the global economy that's emergingMoreover, the consumer electronics industry is set to contribute to this growth, driven by the steady rise in AI-specific chips used in personal computers. This trend is expected to continue over the next three years, the report said.Gartner's analysis indicates that 'AI PCs', including desktops and laptops equipped with dedicated chips for AI tasks, will account for just over one-fifth of all new desktop and laptop sales worldwide this year.“By the end of 2026, 100% of enterprise PC purchases will be an AI PC," the report said, highlighting the potential impact of Microsoft’s announcement on the launch of AI PCs earlier this month.On 20 May, Microsoft CEO Satya Nadella introduced 'Copilot+ PCs', a set of specifications mandating brands to incorporate chips with dedicated neural processors to enhance new features available on Microsoft’s Windows operating system.
30.05 / 11:21
Provident
voice
exclusive
reports
Department
Tired of pesky calls? Soon 160 prefix for calls from banks, brokers, insurers, NBFCs, other service providers
pesky calls and SMSes, the department of telecom (DoT) has decided to allocate a separate number series — 160 — exclusively for service and transactional voice calls, as per Telecom Commercial Communication Customer Preference Regulation (TCCCPR), 2018, reported Business Line.The phone calls coming from government and regulators should have the prefix of 1600 and financial entities which are regulated by RBI, SEBI, PFRDA and IRDAI should have a prefix of 1601, Department of Telecommunications said.Apart from these principal entities (PEs), if any other entity requires assignment of number resources under this series, the same has to be requested separately by TRAI, a source, reported BusinessLine.DoT stated, telecom service providers (TSPs) have to indicate the licensing service area as part of the series in the 10-digit number provided to PEs. If a call is routed from Delhi, then the series should be 1600 (or 1601)11; if from Tamil Nadu then 1600 (or 1601)44; from Mumbai, the series would be 1600 (or 1601) 22.
30.05 / 10:21
markets
COST
Target
Man
Analysis
Research
reports
Billionaire Gautam Adani’s green targets questioned in Snowcap analysis
renewable energy unit of billionaire Gautam Adani’s empire is at risk of missing key growth targets unless it resorts to a share issue to consolidate its finances, according to a report by Snowcap Research. Adani Green Energy Ltd., a company within the sprawling conglomerate of India’s second-richest man, is falling short of its stated return targets, London-based Snowcap said in a 51-page report on Thursday. The lower returns, coupled with rising debt-financing costs, mean the firm may not have sufficient funding to meet its 2030 renewable energy goal. The company “can meet just 50% of its 50GW target funding requirement by 2030 without raising equity, despite claiming this target is ‘fully funded’,” Snowcap said.
30.05 / 10:09
Porsche
show
hospital
reports
Department
Colleges
Investigations
Porsche teen's mother may have given blood sample to be swapped with son's: Report
Shivani Agarwal's blood sample who was present at the hospital. According to a report in NDTV, police are now looking for the teenager's mother to investigate her role in the plan.Earlier, the Maharashtra Medical Education (MME) Department on Monday, May 27, formed the committee headed by Dr Pallavi Sapale, dean of Mumbai-based Grants Medical College, to probe the alleged manipulation of the blood samples of the teenager.Police sources said the panel, in its investigation, found that blood samples of a woman and two men were collected at the hospital.
30.05 / 10:09
security
Football
Food
DISH
cricket
Sporting
Weekend food plan: Cocktails on a cricket bat and last of mango menus
A new Japanese resto-bar in GurugramTwo weeks ago, a Japanese resto-bar named SHIN’YA opened at the Hyatt Regency Gurugram. It offers a premium-meets-fun izakaya-style experience with robata (barbecued dishes), karage (batter-fried dishes) and a range of sushi and shashimi. Wash them down with sophisticated cocktails stirred and shaken with sake.A bar from Milan in MumbaiA spice shop makes way for one of Milan’s most famous speakeasy-style bars, 1930.
30.05 / 08:59
Provident
reports
travelers
Updates
International
cricket
T20 World Cup 2024: Virat Kohli to miss India vs Bangladesh warm-up match? All you need to know
PTI report, Kohli has taken a break for personal reasons and is expected to rejoin the squad by Friday, May 31. However, a report by ESPNcricinfo mentioned that the BCCI has not yet provided any updates on his travel status.
30.05 / 08:59
Pool
Nestle
Healthcare
Schools
Features
Courts
peace
LAUNCHING ELIXIR RESERVE 2: Luxury So Rare, You’ll Wonder Whether It’s Mumbai
Welcome to Elixir Reserve-2.Situated in the heart of the city, Elixir Reserve-2 offers easy access to both the eastern and western parts of Mumbai. Located adjacent to JVLR, commuting to the western side is seamless. The upcoming Metro station, just half a kilometre away, further enhances accessibility, making Elixir Reserve-2 the best choice for those seeking both luxury and connectivity.Elixir Reserve-2 promises a lifestyle where serenity and urban living coexist harmoniously.
30.05 / 08:59
CEO
Photos
Divinity
Celebrity
singer
stars
Save the date! Anant Ambani-Radhika Merchant wedding card OUT. Check date, venue, dress code, other details here
Anant Ambani will tie the knot with Radhika Merchant on July 12 in Mumbai. The wedding ceremony will take place in the traditional Hindu Vedic way at the Jio World Convention Centre in the Bandra-Kurla Complex (BKC).The main ceremonies will start on Friday, July 12, with the auspicious Shubh Vivah, or wedding function.
30.05 / 05:47
30.05 / 05:35
UPS
security
Mobile
Metro
country
travelers
NOT
New RuPay payment mechanism using NFC: Know who will benefit from it and who may not need it
Mumbai, Haryana Roadways, Assam ASTC, and many more. This sticker, which is NFC-enabled, requires no battery, no charge, no electricity, no internet and is also waterproof. You can make payments up to Rs 2,000 without a PIN and reload money on this sticker using the official app or any NCMC terminal like those found at Delhi and other metro recharge counters. This is because this NFC sticker's backend technology works using the RuPay network and since it is NCMC-enabled, it can work across the country at all National Common Mobility Card (NCMC) compatible metro, and bus networks.
30.05 / 05:31
Twitter
Metro
Opinion
Death
Experts
NOC
Which one is advisable, A will or a gift deed?
My mother wants to make a gift deed or a will of the property in my favour. My mother is 91 years of age and cannot walk. Which option is better? I am staying in Mumbai. Do I need to take NOC of Society? Does the gift deed need to be registered?
30.05 / 01:39
Citi
country
cover
information
reports
Updates
Monsoon 2024 Update: Maharashtra's monsoon onset in 8-10 days, Mumbai to experience relief soon, says IMD
Mumbai, the temperature typically ranges from 35 to 36 degrees Celsius during the summer, which is considered normal. However, due to high humidity levels ranging from 80% to 90%, the perceived temperature can feel 40 degrees Celsius even at 35-36 degrees Celsius.
30.05 / 00:35
markets
IPO
WhatsApp
reports
Allied Blenders plans Rs 1,500-crore IPO in June
Allied Blenders and Distillers, India's third-largest Indian Made Foreign Liquor (IMFL) producer, plans to enter the capital market in the second half of June to raise about ₹1,500 crore, bankers told ET. The Mumbai-based company, known for Officer's Choice and Sterling Reserve whisky, refiled its draft red herring prospectus (DRHP) in January and received regulatory approval on May 10. The IPO comprises a ₹1,000-crore fresh issue and a ₹500 crore offer for sale. The company had initially filed its DRHP with the market regulator in June 2022 to raise ₹2,000 crore.
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