City Mumbai Financial News

Reserve Bank of India's deputy governor pointed out that asset reconstruction companies (ARCs) have been 'conduits to the evergreening of distressed assets', and some of them have 'used innovative structures to circumvent regulations'. Directing ARCs to adopt a regulation-plus approach, the DG said that ARCs' performance is less than optimal. J Swaminathan, DG, stated this at a conference in Mumbai on May 17 with senior officials from the ARC industry. «During our onsite examinations, we have come across instances where ARCs have been used or allowed themselves to be used, if I may say so, as a conduit to evergreen distressed assets,» Swaminathan stated.

Children show increase in mental health difficulties over COVID-19 lockdown, on the Oxford University website.Another article, titled Babies Are Saying Less Since the Pandemic: Why That’s Concerning, on American educational news website Edweek cites research being done by The Advanced Baby Imaging Lab at the INSPIRE Center of Rhode Island Hospital since 2010. As per the study, “infants born during the pandemic vocalised significantly less and engaged in less verbal turn-taking behaviours that are critical for language development." Temper tantrums are a natural and predictable part of child development. Dr.

NEW DELHI : Ten of India’s 65 cities with over a million population experienced more than 100 hours of ‘heat stress’—dangerous levels of both heat and humidity—in May, in the midst of India’s longest election season, data analysed by climate tech startup, Respirer Living Sciences, showed. Heat stress refers to situations when the heat index, which accounts for both surface temperature and humidity, exceeds 41°C.

Western Railway has cancelled or rescheduled several trains following the derailment of a goods train at Palghar railway station in Maharashtra and the restoration work is on more than 15 hours after the incident, officials said on Wednesday. Seven wagons of the goods train derailed at Palghar, located around 100 km from Mumbai, at 5.08 pm on Tuesday, affecting the traffic of Mumbai-bound trains coming from Gujarat, a railway spokesperson earlier said here. No casualties were reported. The goods train with 43 wagons and carrying iron coils was heading to Karambeli in Gujarat from Visakhapatnam.

monsoon season. Reports have stated that the monsoon in Mumbai is likely begin from June 10.Moreover, the CM added that during the repair work, the vehicular movement on the coastal road won't be affected.

Mumbai, May 28, 2024: Krishival Foods Limited (NSE: KRISHIVAL), incorporated in 2014, is one of the fastest growing FMCG company focused on nuts and dried fruits. The company markets its products under the brand ’Krishival Nuts.’ The Company has announced its Audited financial results for the half Year ended March 31, 2024 and for the year ended March 31, 2024.

The price change in 24 carat gold in the last one week has been 3.25% .whereas in the last month it has been 0.97%.The cost of silver is Rs.93400.0 per kg up by Rs.2410.0 per kg. Gold Price Today in Delhi is ₹74243.0/10 grams. Yesterday’s Gold Price on 28-05-2024 was ₹73180.0/10 grams.

Bengaluru traffic authorities highlights the scheduled Palakki Utsav on Wednesday, prompting the issuance of commuter advisories.“Palakki Utsav & procession 29th - 30th May 25' 0700am onwards at Panathur Village, vehicular traffic will be temporarily prohibited at Panathur railway underpass. Use alternate roads.

Hardik Pandya’s wife Natasa Stankovic has dropped yet another cryptic post, amid rumours of a separation from the cricket sensation. The Serbian model-actress took to Instagram and shared a video of the Mumbai road — the Bandra- Worli sea link, along with the caption “Praise God.” This is far from the first cryptic post she had shared. Earlier, she had dropped a painting of the Lord Jesus following a little lamb on her Instagram Stories. Speculation surrounding Hardik and Natasa's divorce initially surfaced after a Reddit user on the subreddit BollyBlindsGossip observed Natasa removing Hardik's family name from her Instagram profile. The user pointed out the absence of recent pictures featuring the couple and questioned Natasa's absence at IPL 2024 matches.

bhai essentially gave me the football sense and shaped me into the player I am today. I’ll always be thankful to him and Mumbai FC’s academy set up," Rane says. “I spoke to him after the final and he simply asked me to come join him at Jamshedpur FC (an ISL club where Jamil is currently the coach) next season," he says, laughing.

Khosla ka Ghosla. In real life, too, it’s not uncommon to uncover issues related to properties after you’ve seemingly made a rightful purchase. Sometimes a property is sold twice, to different parties, or the title deed is not clear, or relatives might come into the picture.

Mumbai: TA FDI Investors sold shares of Prudent Corporate Advisory Services worth ₹481.31 crore in a bulk deal on NSE on Tuesday. The company sold 29.16 lakh shares at ₹1,650.05 apiece.

Cosmos Bank is looking to meet the Reserve Bank of India’s target of maintaining 50 percent of its loan portfolio comprising ticket size less than Rs one crore this fiscal. “ We are looking at meeting the RBI’s target of 50 percent of the banks loans portfolio at less than the ticket size of Rs one crore ib FY’2024-25” said Milind kale, the bank’ chairman of Cosmos Bank at a media conference in Mumbai adding that it would use its network of 179 branches to achieve this target. Currently 43 percent of the bank’s loan book comprises loans below Rs 1 crore, Mr Kale said.

Losing money to an online scam or fraud is not uncommon anymore. But what has becomecommon sadly is the loss of fortune to the tune of crores to hapless senior citizens. 

Increasing relative humidity across all climate zones has worsened the heat index (combination of air temperature and relative humidity) and heat stress in every city," said a trend-analysis report released by the Center for Science and Environment. The study was conducted by the CSE between the summers of January 2001 and April 2024.The CSE explained in its analysis that the heat stress is not just about rising temperatures.

₹20-trillion plan envisages construction of more than 75,000 km of highways over the next 15 years, including 50,000 km of access-controlled highways or expressways, one of the two persons said on condition of anonymity. As of now, about 4,000 km of centrally funded access-controlled highways have been built. Queries sent to MoRTH remained unanswered till press time.

MUMBAI : Asset manager 360 One WAM Ltd is in talks with investors to raise a ₹4,000-crore secondaries fund—a vehicle typically used to buy stakes in companies from other investors or replace another investor in multiple firms. The alternatives asset manager is also in talks to raise a healthcare-focussed private equity fund, Sameer Nath, chief investment officer and head of 360 One Asset’s venture capital and private equity business, said at a press briefing on Tuesday. 360 One WAM, which handles nearly $2.9 billion in assets under management under its alternatives strategies, also plans to launch an early-stage venture capital fund as well as a fourth pre-IPO fund over the next year, Nath said.

HouseEazy, a proptech venture, hosted a landmark ‘Partner Summit’ in the NCR region. The company marked a significant milestone for the secondary real estate industry by unveiling a one of its kind ‘Annual Jackpot’ for its channel partners, and ‘HouseEazy Premier League’ also a first in the market.Attended by over 700 partners, the major highlight of the event was introduction of the exceptional annual rewards plan for channel partners which offers incentive slabs upto ₹1.75 crore for the top performing partners.Adding glamour to the affair was popular Bollywood celebrity Karishma Tanna who felicitated the top performing Channel Partners.

air ticket prices in India spiked 9 per cent in the first quarter of 2024, primarily on account of general increase in travel demand and «much stronger» economic growth, according to Australian Securities Exchange-listed FCM Travel. At the same time, FCM Travel said there was a 20 per cent jump in the premium class bookings in the January-March period compared to the same period last year, driven by sectors such as manufacturing IT as well as conglomerates. «Domestic air capacity has increased more than 3 per cent but due to the demand in travel, we have seen average ticket prices increase by 9 per cent which is attributed to a much stronger economic growth and a general increase in demand for travel,» said Sunny Sodhi, Managing Director of FCM Travel India. Popular domestic routes for business travel include Delhi to Mumbai, Mumbai to Delhi, and Bengaluru to Mumbai, he added.

Papua New Guinea in the wake of a devastating landslide on the Pacific island nation, as per a release from the Ministry of External Affairs on May 28.This comes after a massive landslide occurred on May 24 in Enga Province, Papua New Guinea, which buried hundreds of people and caused major destruction and loss of life.Also Read | South Africa following up with India after Gupta brothers arrests — Why are they in jail and what are the cases?"​As a close friend and partner under the Forum for India-Pacific Islands Cooperation (FIPIC) and as a gesture of solidarity with the friendly people of Papua New Guinea, the Government of India extends an immediate relief assistance of $1 million to support relief, rehabilitation and reconstruction efforts," the statement read."India has firmly stood by Papua New Guinea during times of difficulty and devastation caused by natural disasters, as in the wake of the earthquake in 2018 and volcanic eruptions in 2019 and 2023.

regional connectivity, a new 60 km railway line has been proposed between Chola in Bulandshahr and Rundhi in Palwal. This line aims to link Noida International Airport with major routes to Howrah, Chennai, and Mumbai, a TOI report stated. Officials from North Central Railway have recommended connecting the proposed tracks to the airport’s ground transportation center through an underground channel. The new line will have junctions at Chola, merging with the Delhi-Howrah line, and Rundhi, extending to the Delhi-Chennai/Mumbai route. This strategic alignment will facilitate trains from the airport to travel in multiple directions.