City Mumbai Financial News

Read more Prime Minister Narendra Modi on Tuesday filed his nomination from Varanasi Lok Sabha seat. Before filing the nomination, PM Modi offered prayers at Dashashwamedh Ghat on the banks of the Ganges and visited Kal Bhairav temple. Read more Amid the planemaker's preparation to meet with the US aviation regulator Federal Aviation Administration (FAA) over its quality-control problems, Boeing shareholders at its annual general meeting (AGM) on Friday re-elected CEO David Calhoun and approved his $32.8 million compensation.

TV actor Gurucharan Singh, who went missing in April 22, returned home on Friday. The ‘Taarak Mehta Ka Ooltah Chasmah’ star, who created quite a stir, by going completely off the radar for a month, was finally traced by Delhi Police, and upon interrogation, he revealed that he had renounced worldly life and was went on a spiritual journey. AnIndia Today report revealed that he had visited Gurudwaras in several cities such as Amritsar and Ludhiana, but later decided to return home. Also read: Taarak Mehta actor Gurucharan Singh update: Pending marriage, ATM transaction add intrigue over disappearance

Mumbai scheduled for May 20 in phase 5, Industrialist and philanthropist Ratan Tata urged all the Mumbaikars to go out and vote responsibly. The fifth phase of Lok Sabha polls will be held on May 20 and will cover the seats in Mumbai. «Monday is voting day in Mumbai. I urge all Mumbaikars to go out and vote responsibly,» Ratan Tata posted on X.

The price change in 24 carat gold in the last one week has been -0.19% .whereas in the last month it has been 0.65%. The cost of silver is Rs.86460.0 per kg up by Rs.60.0 per kg. Gold Price Today in Delhi is ₹75731.0/10 grams.

debit cards for payments has remained stagnant during the timeframe, RBI data showed. RBI’s latest decision to enable cash deposit facility through UPI at ATMs will only hasten the process of a complete switch from card-based transactions to fully mobile/ digital payments, according to top officials in digital payments infrastructure business. With this announcement, customers no longer have to carry their debit cards for depositing cash at the CDMs (cash deposit machines).

monsoon rains will lead to better crop yields and boost rural demand. Motorcycle manufacturers, farm-equipment makers and producers of fast-moving consumer goods have rallied following forecasts of timely and above-normal monsoon rains in 2024, after extreme and unseasonal heat wreaked havoc on Indian agriculture in the last two years. Sales volumes in rural areas are improving and several major consumer goods firms have predicted stronger business ahead.

Gurucharan Singh, known for his role as Roshan Singh Sodhi in 'Taarak Mehta Ka Ooltah Chashmah,' returned home on Friday after being missing since April 22, police said. The Delhi Police had filed a kidnapping case and were investigating his disappearance. Singh told the police he had embarked on a religious journey, leaving his worldly life behind.

MUMBAI: Indian equity markets will remain open on Saturday, May 18, for a special trading session, while both BSE and NSE will be remain closed on Monday, May 20, due to parliamentary polls in Mumbai. The special trading session will be held to check the preparedness of market intermediaries in case of a major disruption or failure of the primary site.

bars, pubs and cafes are capitalising on a surge in interest among fans. The ongoing heatwave means alarge number of cricket enthusiasts are gravitating toward air-conditioned comfort to avoid having to sweat it out in sweltering stadiums, executives said. Bars and pubs said they are rolling out live screenings, trying to replicate a stadium-like atmosphere with curated sports menus, cocktails, beer buckets and staff dressed in IPL jerseys. Some are even providing team apparel and merchandise. To be sure, elections in Mumbai (May 20) and Delhi-Gurgaon (May 25) will mean alcohol-free dry days around those dates in those regions but executives said they expect to make up for that in other states. Besides, folks may be drawn by the group-watching vibe even without the booze, they said.

Investors and traders are finding no respite from the election heat, with exchanges even holding a special trading session on Saturday. Both the equity cash and derivative markets will function in two sessions on Saturday.

Mumbai around May 28, 2024. “Cyclone Alert: Intense cyclone is expected in Bay of Bengal by 23rd May which is likely to impact Odisha, Maharashtra, Gujarat between 23-27. Models predicting Heavy Rains for Gujarat and Mumbai around 28 May," Mumbai Nowcast wrote on X (formerly Twitter).

Anita Goyal, the wife of Jet Airways founder Naresh Goyal, passed away early Thursday morning, confirmed by a close family source. The 70-year-old had been battling cancer, reaching its third stage and undergoing treatment. Her health had been deteriorating over recent months, culminating in her passing at 3 am in a Mumbai hospital. Plans are underway to bring her mortal remains back home.

voting in the seven Lok Sabha seats, the Delhi electoral office has started distributing voter information slips to registered electors. The voter information slip not only contains the voter's details but also provides the address of the polling location, the polling booth number, and the serial number of the person on the electoral list. This information aims to assist people in voting smoothly without any inconvenience. The information slips are currently being distributed by booth-level officers (BLOs) in the area. This process is expected to be completed within the next few days. According to officials, the BLOs will show their photo identity cards and request the individual receiving the slip to provide an acknowledgment along with their contact details. «Voters are requested to keep the information slip safe and take it with them to the polling station to cast their vote. This will help polling staff quickly locate their names on the electoral rolls, thereby saving everyone's time,» an official told The Times of India.

Indian Oil Corp Ltd (IOCL), India's largest oil marketing company has completed the Rs 148 crore deal to acquire oil and gas company Mercator Petroleum, its first acquisition through the insolvency and bankruptcy code (IBC). The deal was completed on Tuesday after the company transferred the amount to lead lender Bank of Baroda (BoB), people familiar with the matter said. The Rs 148 crore deal amounts to about 31% recovery for total admitted dues of Rs 482 crore. Secured creditors are to receive Rs 135 crore for their admitted claims of Rs 291 crore, while operational creditors including employees and vendors are to receive Rs 5.40 crore against their total admitted claims of Rs 73 crore. IOCL is also supposed to bear the process cost of Rs 8.7 crore. “The money was received and distributed among the creditors this week. There are some procedural things to be completed before IOCL will be given complete charge of the company in the next week or so,” said a person familiar with the deal.

Ayodhya getting ready for the Ram temple consecration ceremony. Almost four months later, the excitement has settled down and some voters are crediting the BJP for fulfilling its promise while others feel that development should reach every corner of the district. Prajjwal Singh, a resident of Arhgarha Chauraha, told PTI that Ayodhya's transformation began on January 22, when the Ram temple consecration ceremony was held. «On January 22, 2024, the promise that was made to us by various BJP leaders was fulfilled in a grand manner. From that day, Ayodhya set out on the path of development,» he said. «The hospitality sector has seen visible growth. A number of eateries and food joints have come up. Prime Minister Narendra Modi and Uttar Pradesh Chief Minister Yogi Adityanath deserve a round of applause for such a positive transformation of Ayodhya,» Prajjwal Singh told PTI.

Indian Hotels: The brokerage has a target price of ₹680 for the stock, indicating a 19 percent potential upside. MOSL expects the strong momentum to continue in FY25, led by 1)an increase in ARR; 2) sustaining higher occupancy levels led by favourable demand-supply dynamics; 3) strong room addition pipeline till FY28 in both owned/leased (2,779 rooms) and management hotels (10,174); 4) higher income from management contracts; and 5) value unlocking by scaling up reimagined and new brands. In FY25, Indian Hotel (IH) expects to sustain double-digit revenue growth, with new businesses expected to grow 30%.

₹1.57 lakh crore for three years, reported Hindustan Times referring to documents by Zapkey. Also Read: Malaika Arora on her journey as an entrepreneur with The Label Life: 'Not a bed of roses' According to the report, the apartment is in Pali Hill, Bandra West. As per the agreement, the apartment rent will increase 5% yearly.

The price change in 24 carat gold in the last one week has been -0.34% .whereas in the last month it has been 0.26%. The cost of silver is Rs.86400.0 per kg up by Rs.1640.0 per kg. Gold Price Today in Delhi is ₹75127.0/10 grams.

Ghatkopar hoarding collapse: Bhavesh Bhide arrested by Mumbai Police At least eight teams of the Mumbai police were sent to various places to track him down. The Mumbai Police worked round the clock and deployed eight teams to track Bhinde. The authorities tracked him in Lonavala, Thane, and Ahmedabad before finally apprehending him in Udaipur.

National Company Law Tribunal has admitted the merger scheme between Reliance Industries Ltd's Viacom18, its wholly-owned subsidiary Digital18 and Walt Disney's Star India, marking the first step towards completion of the mega-merger deal. In an order passed on May 7, a division bench of judicial member Kishore Vemulapalli and technical member Anu Jagmohan Singh directed the companies to convene a meeting of their secured and unsecured creditors to get approval for the merger scheme. The tribunal has appointed retired Justice Suresh Chandrakant Gupte as chairperson for the meetings of secured and unsecured creditors of Viacom18 and unsecured creditors of Star India.

owner of Ego Media, the company responsible for installing the massive billboard in Mumbai's Ghatkopar area which collapsed earlier this week in the face of strong winds and rainfall, leaving 16 dead and 75 injured; was brought to Mumbai in the early hours of Friday for further legal proceedings, police said. Bhavesh Bhide, the owner of the company that put up the giant billboard, was arrested by the Mumbai Police Crime Branch from Udaipur in neighbouring Rajasthan on Thursday. «Owner (of the company that put up the billboard) Bhavesh Bhinde, who was arrested by the Mumbai Police Crime Branch from Udaipur, has been brought to Mumbai,» a police officer confirmed on Friday.