City Mumbai Financial News

10.02 / 00:31

markets UPS Target Strategy President country reports JK Lakshmi Cement bets on capacity expansion to protect, grow market share amid industry-wide additions

Subscribe to enjoy similar stories. MUMBAI , NEW DELHI : JK Lakshmi Cement Ltd is sharpening its focus on protecting and selectively gaining market share in its core regions of North, West and East India, even as the country’s cement industry enters a phase of aggressive capacity additions by larger peers. The Singhania family-owned company, amongst the top 10 cement-makers of the country, recently announced a ₹3,000 crore expansion plan focusing on its core markets.

09.02 / 09:41

UPS Aware Racing Highways country reports France's Vinci eyes India return with $2 billion Macquarie deal

Subscribe to enjoy similar stories. MUMBAI : French concessions and construction company Vinci SA is nearing a $2 billion deal for Indian road assets owned by Australian asset manager Macquarie Group, paving the way for its return to the country after 11 years, two people aware of the matter told Mint. Macquarie launched the sale of its highway assets housed under Safeway Concessions Pvt.

09.02 / 09:41

markets UPS Platform security electronic Updates Mint Explainer: What Sebi’s proposal on SWP, STP means for demat mutual fund investors

Subscribe to enjoy similar stories. MUMBAI : The Securities and Exchange Board of India (Sebi) has proposed extending the facility of standing instructions for systematic withdrawal plans (SWP) and systematic transfer plans (STP) to mutual fund units held in demat form, a move that could simplify cash flow planning for investors. In a consultation paper issued on 5 February, the markets regulator said the change is aimed at improving ease of doing business and bringing parity between mutual fund units held in statement of account (SoA) form and those held in dematerialized form.

09.02 / 07:03

markets COST UPS Aviat Airlines Boeing International Akasa Air sees light at end of delivery tunnel as aircraft flows steady, pilot hiring restarts

Subscribe to enjoy similar stories. MUMBAI/NEW DELHI: After nearly two years of delivery disruptions, Akasa Air is emerging from aircraft supply constraints, an inflexion point that allows India’s third-largest airline to restart pilot hiring, stick to its original growth plan and avoid costly short-term fixes in a fiercely competitive aviation market. “So I’d say that’s a thing of the past," Vinay Dube, the founder and chief executive officer of Akasa Air, said in an interview with Mint, referring to earlier delays.

09.02 / 01:25

Sustainability Football stars International cricket Sporting athletics Mahesh Bhupathi courts cricket—a second innings with ‘legends league’

Subscribe to enjoy similar stories. Mumbai: Young fans gathered in a sunny sports stadium chanting ‘DJ Bravo! DJ Bravo!’ is not an everyday sight in Goa, a state traditionally obsessed with football.

09.02 / 01:25

markets Target Hyundai country International cricket Sporting Why Hyundai hitched its wagon to the ICC as cricket aims to go global

Subscribe to enjoy similar stories. Mumbai: Hyundai Motor Company has returned to the International Cricket Council (ICC) as a premier partner for two years after a decade-long hiatus. This time, the partnership is global, involving the company’s Seoul headquarters.

09.02 / 00:11

markets UPS Booking Trade country electronic Pharmaceuticals US tariff cuts set to revive summer bookings, exports to double in 4-5 years

Subscribe to enjoy similar stories. NEW DELHI : With US tariffs sharply reduced and policy uncertainty easing, Indian exporters are gearing up to resume exports at the revised duty rates. Industry executives say the move could double India’s exports to the US over the next four to five years.

08.02 / 07:33

Waters Manufacturing Action Justice hospital Courts Pharmaceuticals Piramal Pharma moves SC against Gujarat pollution body's plant closure order

Subscribe to enjoy similar stories. Piramal Pharma Ltd has moved the Supreme Court against a Gujarat Pollution Control Board order directing the immediate closure of its Dahej manufacturing unit over alleged environmental violations. The company is also contesting a direction allowing the encashment of a ₹15 lakh bank guarantee.

06.02 / 15:49

markets security Analysis Trade show performer Pulse of the Street: Trade buzz lifts D-Street, but pact details awaited

Subscribe to enjoy similar stories. MUMBAI: Indian equities logged their strongest weekly performance in 38 weeks and emerged as the world’s top-performing major market after the announcement of a US–India trade deal, even as its finer details remain unclear. Headline-driven optimism lifted the Nifty 50 and the Sensex 3.5% over a week that also included a special Sunday trading session for the Union budget.

06.02 / 07:27

Provident Mobile Enterprise Inside testing rights International Airtel’s network trials begin, but pricing dispute still clouds Navi Mumbai airport connectivity

Subscribe to enjoy similar stories. MUMBAI , NEW DELHI : Telecom operator Bharti Airtel has begun testing mobile signals at the Navi Mumbai International Airport (NMIA), two people familiar with the development said, signalling progress on cellular connectivity at the facility that was inaugurated in late December. The development assumes significance as billionaire Gautam Adani’s newest airport has been operating for over a month without network coverage from private telecom operators, causing persistent connectivity issues for passengers.

06.02 / 02:57

COST Provident Booking Sustainability Cycling reports Commentary SBI Q3 preview: Net profit seen rising 5%, loan growth to stay strong

Subscribe to enjoy similar stories. MUMBAI: State Bank of India (SBI), the country’s largest lender, is expected to post a 5% year-on-year rise in profit for the December quarter (Q3FY26) to ₹17,810 crore, according to consensus estimates from a Bloomberg poll of analysts. The state-owned bank had reported a net profit of ₹16,891 crore in the year-ago period and will announce its Q3FY26 results on 7 February.

06.02 / 00:41

markets COST UPS Citi Target Strategy exclusive Motilal Oswal Group targets 10 owned office towers across major cities by 2028

Subscribe to enjoy similar stories. Having built a distinct mark as one of India's prominent diversified financial services groups, Motilal Oswal Group is now stepping up its focus on physical infrastructure. At a time when co-working spaces are booming and companies are pursuing asset-light, flexible office models, the group is investing heavily in owned office towers.

05.02 / 15:15

markets Target Booking wellness performer track country Godrej Properties will outperform real estate sector growth, says Pirojsha Godrej

Subscribe to enjoy similar stories. BENGALURU : India's top developers, such as Godrej Properties Ltd (GPL), will outpace the pace of the real estate sector's growth, according to a senior company executive. Mumbai-based Godrej Properties, the country's highest-selling residential developer, has already clocked sales bookings of ₹24,008 crore in the first nine months of 2025-26, about 74% of its full-year target of ₹32,500 crore.

05.02 / 12:11

markets security Analysis Pool information reports NSDL glitch stalls settlements for second day, leaving investors without shares or funds

Subscribe to enjoy similar stories. MUMBAI: Settlement disruptions hit investors for a second consecutive day on Thursday as operations at National Securities Depository Ltd (NSDL) remained suspended because of a technical glitch. As a result, investors who bought shares on Tuesday did not receive them on Wednesday in their demat accounts, while those who sold did not see sale proceeds credited.

05.02 / 00:39

markets UPS Citi Manufacturing Platform hospital reports How startups are turning India’s home interiors into a DIY marketplace

Subscribe to enjoy similar stories. MUMBAI: As Indian homeowners become more involved in choosing how their homes look and what goes into them, investors are beginning to back startups that focus not on designing entire interiors, but on helping consumers directly discover and buy materials, bypassing traditional interior designers and full-stack execution firms. Early-stage investors see the materials-led interiors segment as a large, under-utilized opportunity, estimated at about $14 billion, with rising consumer spend and no clear market leader.

05.02 / 00:39

markets COST trends show performer Latin Tata Motors' $4.4 billion Iveco move faces fresh concerns

Subscribe to enjoy similar stories. NEW DELHI : Italian automaker Iveco's two reductions in its cash flow outlook within six months have reignited concerns over Tata Motors Ltd’s biggest acquisition, as analysts caution the Italian business's volatile show may leave the Indian parent vulnerable to global headwinds.

05.02 / 00:39

UPS Booking CEO Research Trade 2020 reports Why Vinay Tonse's final stint at SBI matters most as Yes Bank's new CEO

Subscribe to enjoy similar stories. Mumbai: When Vinay M. Tonse takes over the reins of Yes Bank Ltd, the private lender would be significantly different in character and strength from where it was about six years ago.

05.02 / 00:07

Target Aware Mobile performer Courts Updates Vodafone Idea’s ₹35,000-crore loan bid faces fresh lender scrutiny

Subscribe to enjoy similar stories. NEW DELHI/MUMBAI : Lenders to embattled telecom operator Vodafone Idea Ltd are examining the company’s spectrum dues, subscriber losses and weak user revenue before deciding on its request for a fresh loan of ₹35,000 crore, a person involved in the discussions said. An external techno-economic viability (TEV) study done in 2024 to examine Vodafone Idea's creditworthiness will be updated with new projections, and a fresh TEV will not be done, the person said on condition of anonymity.

04.02 / 18:11

markets Aviat Airlines country reports travelers Investigations CCI orders probe into IndiGo over alleged abuse of dominance after mass flight cancellations

Subscribe to enjoy similar stories. NEW DELHI/ MUMBAI : The Competition Commission of India (CCI), the country's competition watchdog, has ordered an anti-trust investigation into IndiGo for alleged abuse of dominant position following large-scale flight cancellations and sharp fare increases in December. CCI has observed that passengers were “left with no real choice but to accept last-minute cancellations" and were forced to seek alternatives “at significantly higher prices".

04.02 / 14:17

markets FIVE Celebrity Inside classical Features Destinations India is the largest private equity destination for us outside the US: Chip Kaye, chairman, Warburg Pincus

Subscribe to enjoy similar stories. MUMBAI : India’s scale and growth, combined with increasingly sophisticated capital markets, have helped Warburg Pincus’s India franchise to become the firm’s largest investment destination outside US, senior executives said at a media roundtable in Mumbai on Wednesday. “India is the largest private equity destination for us outside the US.

04.02 / 12:11

markets UPS IPO Enterprise wellness performer reports Today, the AI story is not well understood in the Indian market: Fractal CEO

Subscribe to enjoy similar stories. MUMBAI : Squeezed out on the valuation Fractal Analytics sought for the initial public offering (IPO), its founder feels that public market investors have yet to fully understand the AI sector. The management is citing investor scepticism towards AI complexity and the need for market education as it prepares for a market debut at a lower valuation.

what's happening in city Mumbai

What is the current situation in city Mumbai?

In city Mumbai, the spotlight is on socially significant developments that spark public discussion.

Where can I find reliable news about city Mumbai?

We publish reliable reports about the situation in city Mumbai, based on information from regional journalists.

What shapes the media agenda in city Mumbai?

The news landscape of city Mumbai is shaped by major cultural and social events, reflecting its local way of life.