City Mumbai Financial News

Mumbai-In the bustling city of Mumbai, amidst the vibrant streets and dynamic lifestyle, Origin Corp introduces a new concept of luxurious living with Claremont. Nestled in the heart of Goregaon, Claremont is not just another residential tower; it's a testament to sophistication and unique style, offering residents a lifestyle of unparalleled palatialliving. This 46-storey residential tower provides residents with large, luxurious living spaces and stunning views.

MUMBAI:PocketATM, a fintech startup facilitating cash withdrawals from neighbourhood grocery stores, is expanding its customer base beyond senior citizens and people with mobility challenges."We are building doorstep banking at PocketATM via supply from neighbourhood stores instead of bank ATMs and branches, so essentially, we are elevating convenience," said Mihir Mehta, chief executive, PocketATM, at the Mint Digital Innovation Summit 2024.Founders Mehta and Sushil Kurri spoke about financial inclusion discussed financial inclusion through digital innovation, highlighting how their doorstep cash delivery service, branded as 'Gharpe,' literally meaning at home, will attract more consumers."We want to become the Blinkit for banking," Mehta told Mint on the sidelines of the event on Friday.The startup, which raised $400,000 in February, plans to expand beyond metros. PocketATM intends to extend its services to tier 2 and tier 3 cities by encouraging merchants to exchange cash for customers using UPI transactions."While India has gone digital, the whole ecosystem is very cost heavy, and there is unorganized cash management, which is what we are trying to solve," said Mehta.PocketATM is also targeting foreign tourists, partnering with Cheq, a UPI payments app for foreign tourists and non-resident Indians visiting the country, to facilitate cash withdrawals.The fintech has incorporated advanced features such as geolocation and geotagging, enabling merchants to indicate their availability.

MUMBAI:Technological advancements, especially in software and generative artificial intelligence (AI), are set to revolutionize healthcare, said Dileep Mangsuli, executive director and head of Development Care at Siemens Healthineers.At the Mint Digital Innovation Summit 2024 in Mumbai, Mangsuli highlighted the urgent need for innovation in healthcare as the global population continues to grow.The world’s population reached 8 billion last year and is projected to hit 9 billion within the next seven years, making it crucial to overcome existing healthcare challenges, Mangsuli emphasized.“With the population rising, nearly 73% of deaths worldwide are caused by non-communicable diseases like diabetes, cancer, stroke, and cardiovascular diseases. This has highlighted a huge challenge as to how it can be managed," he said.Siemens Healthineers, a global healthcare services firm headquartered in Germany, has been actively working to build solutions that ease access to healthcare worldwide.The Covid-19 pandemic underscored the continuing challenges in healthcare accessibility and success, contrasting sharply with pre-pandemic perceptions that healthcare was no longer a significant issue, according to Mangsuli.The world will face a shortage of healthcare workers by 2030, which will exacerbate the crisis.“In 1978, when WHO had declared ‘health for all’ by the year 2000, everyone thought this achievable.

₹15,800 crore) in India last year, according to a NielsenIQ report. A quick search for #whitening on social media, especially on YouTube and Instagram, will result in thousands of videos offering DIY solutions (even pills). And dermatologists say that there are many who won’t hesitate to shell out a small fortune for fair skin.

1. Bansuri Swaraj (BJP): Bansuri Swaraj is the daughter of the late Union Minister Sushma Swaraj. She is a New Delhi Lok Sabha candidate and is contesting against AAP's Somnath Bharti.

Adani Enterprises Ltd., the flagship of Indian billionaire Gautam Adani’s group, have erased all the losses inflicted by a scathing short-seller report in early 2023, after the conglomerate cut debt and landed major projects.The stock crawled back losses of more than $30 billion that came after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipulation at the ports-to-power conglomerate in January 2023. The group has repeatedly denied those allegations.The flagship’s stock rose 1.7% to 3,445.05 in Mumbai on Friday and has now almost tripled since its nadir in February 2023.

Also Read: Stage collapse in Mexico election rally kills 9; viral video shows presidential candidate's narrow escape | WatchThe texts on the video indicate that the argument between the two began after the vehicle broke down in the middle of their journey. The woman lost her cool after the male driver asked her to pay for the distance covered by the taxi before the breakdown. While, it is unclear to understand the exact reason behind the argument, it is clearly visible how the woman continued to humiliate the driver as he asked for his fare.Also Read: Mumbai restaurant issues clarification after employee seen cleaning drain with food frying net | VideoThe video has been shared widely on social media.

Pune Porsche crash accused ends today, May 25, Friday. The three accused — Naman Pralhad Bhutda, the owner of Cosie restaurant, its manager Sachin Katkar, and the manager of Blak Club Hotel Sandip Sangle — were remanded on Tuesday in the car accident case allegedly involving a 17-year-boy that claimed the lives of two persons. Police on Thursday questioned the teen's grandfather and friend regarding the horrific car hit-and-run incident.

Top Events on May 24: India is all set to witness various political, legal, sports, and entertainment events including PM Modi's elections rallies in Punjab and Himachal Pradesh, Mayawati's poll campaign in Punjab, voter numbers case hearing in Supreme Court, Pune Porsche crash case, cyclone Remal alert, and others today, Friday. Take a look at the top events of the day below, - Prime Minister Narendra Modi will address Lok Sabha election rallies in Punjab's Gurdaspur and Jalandhar constituencies today.

Divi's Laboratories, one of the leading pharmaceutical companies in India, has purchased two properties worth Rs 80 crore in Hyderabad. The first property is spread over 12,000 sq ft with a built-up area of 200 sq ft. It changed hands from Srinivas Prasad, Surya Kamal Prasad and Satya Chandra Prasad for Rs 40 crore in Jubilee Hills and the second 12,000 sq ft plot from Moturi Surya Kamal Prasad for a similar amount, according to the sale deed documents shared by Zapkey. Properties across significant markets such as Mumbai, Bengaluru, Hyderabad, and Delhi-NCR that only the super-rich can afford have seen huge demand in the last two years.

Kirloskar Group's promoter family, the National Company Law Tribunal (NCLT) on Tuesday allowed Kirloskar Industries Limited (KIL) and its promoters Atul Kirloskar and Rahul Kirloskar to sell their stakes in Kirloskar Brothers Limited (KBL). The Mumbai bench of the tribunal agreed that petitioners KIL and Atul and Rahul Kirloskar have been able to make out a case of oppression and mismanagement against KBL.

InterGlobe Aviation Ltd, which runs India’s largest airline IndiGo, more than doubled its net profit to ₹1,894.8 crore in the quarter ended March. In another news, severe heatwave conditions continued to grip parts of North India, while some states in the southern regions grappled with heavy rainfall.

ALSO READ: IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soarsThis comes on the day the airline announced a record profit of ₹8,172.4 crore, not just the highest for the airline but the highest for any airline in India ever. The airline announced that it is taking the next step in IndiGo’s evolution.

Puravankara Limited, a Bengaluru-based real estate development firm, has achieved pre-sales of Rs 5,914 crore, up by 90% year-on- year for FY24, driven by new launches and home buyers’ demand. The firm has launched 12 projects with a saleable area of 9.47 million square feet, reinforcing its expansion into high- potential micro-markets for the fourth quarter (Q4FY24) ending March 31, 2024.

Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) declared their January-March quarter results for fiscal 2023-24 (Q4FY24) this month and have received bullish-to-neutral rating from domestic brokerage firms. Earlier this year, the CGDs announced a reduction in their respective compressed natural gas (CNG) prices across all locations.MGL, the city gas operator in Mumbai and its adjoining areas, announced a ₹2.5 per kg reduction in the CNG price on March 6.

Sister Midnight, which premiered at the 2024 Cannes Film Festival. The film features a knockout performance by Radhika Apte as Uma, a disgruntled new bride left to her own devices in an overwhelming and chaotic new city by a recalcitrant husband she barely knows.

A post shared by Netflix India (@netflix_in)The movie revolves around the lives of three women who work as flight attendants. All of these women come from different backgrounds but face the same financial security problem.The film then shows that the three women decide to earn money by smuggling after their airline, Kohinoor Airlines, goes bankrupt.The trio has its ups and downs, but they ultimately emerge victorious.The film features Kriti Sanon as Divya Rana, Tabu as Geeta Sethi, and Kareena Kapoor as Jasmine.

Kolkata Knight Riders reaching the finals after defeating Sunrisers Hyderabad in the first qualifiers of the Indian Premier League on 21 May, the Shah Rukh Khan-owned franchise will face either SRH or Rajasthan Royals on Sunday.Now as IPL finals after just couple of days away, KKR skipper Shreyas Iyer's messages was posted by the franchise on its official Instagram profile.KKR wrote Iyer's message as, "We are happy but not yet satisfied but there is one more game to go."Here's the Instagram feed:A post shared by Kolkata Knight Riders (@kkriders)Md Faizan wrote, "Can Mumbai still qualify?"Another commented, "agr is bar kkr na jeeti to support krna bnd (sic)"Adarsh said, "Shreyas Bhai respect button""The target is set , let's conquer cheapuk again," one social media user wrote."Kkriders are ready to bring there 3rd trophy (sic)", said a netizen.Anaya commented, "Korbo lorbo jeetbo re

₹1.2-1.8 lakh price range), a rendition of the royal bandhgala, in 2021. And the belief continues to be strong. “Over the past five years, our business in India has experienced robust growth.

MUMBAI:In a significant setback to Gift City's ambitions of becoming a global financial hub, the much-anticipated merger between the two international exchanges located there, NSE IX and India INX, has been called off, according to two persons aware of the development.India INX is a subsidiary of BSE Ltd, while NSE IX is led by the National Stock Exchange Ltd.The merger was expected to enhance trading volumes and attract international investors to Gujarat's Gift City, where the average daily turnover on international exchanges runs into billions of dollars.The talks were called off by the BSE because discussions, on since 2022, had failed to make any headway, said one of the persons cited above.A BSE spokesperson confirmed that the merger talks are "off the table" but declined to comment on the reasons for the decision. Attempts to reach a spokesperson of the National Stock Exchange (NSE) were unsuccessful."The merger was driven by the IFSCA's objective of making Gift City a global financial centre rivalling the likes of Singapore, Hong Kong, Luxembourg, and Dubai.

Indian Premier League 2024 is nearing its conclusion with just two matches—a playoff and a final—left for the season. On 24 May, the second qualifier between Sunrisers Hyderabad and Rajasthan Royal will decide which team will play in the final with Kolkata Knight Riders on Sunday.The 2024 IPL season saw a host of captaincy changes by franchises, including the five-time trophy winners Mumbai Indians and Chennai Super Kings.