City Mumbai Financial News

Silver prices Thursday surged to an all-time high, just shy of Rs 90,000 a kg, paced by an increase in industrial applications of the precious metal amid shortening odds of an imminent reduction in policy rates by the US Federal Reserve. Prices climbed more than Rs 2,000, or nearly 4%, through the course of a single trading session to end at Rs 87,476 a kg. Within a month, silver prices have climbed more than 5%, resulting in annualised gains of 60%, with analysts attributing increasing industrial demand of silver from the makers of electric vehicles (EV) and photovoltaic solar panels. High prices have sparked selling of household silver in Mumbai’s Zaveri Bazaar, said Prithviraj Kothari, MD, RiddiSiddhi Bullions. “People are selling bars, coins and silver utensils to get cash in hand. Also, after a long time, silver is witnessing such a bull run and consumers want to make the most of it,” said Kothari.

Mumbai. The post provoked an outrage as one of the requirements listed was "Marathi people are not welcome here". The firm in question claimed that their Linkedin profile was used by a freelance recruiter and they apologised for the advertisement, so did the HR recruiter. However, the post has sparked off a Marathi versus Gujarati row in Mumbai which is now seeing it being reflected in some constituencies in Mumbai, especially in Mumbai North East as BJP's Mihir Kotecha takes on Uddhav Balasaheb Thackeray Sena's Sanjay Dina Patil here. Kotecha is the BJP MLA from Mulund, who has replaced sitting MP Manoj Kotak. In 2014, BJP candidate Kirit Somaiya won the elections against NCP candidate Sanjay Dina Patil by 3.17 lakh votes. Five years later, the BJP fielded Manoj Kotak who defeated Patil by a margin of 2.36 lakh votes. Sanjay Dina Patil has quit the NCP and is now contesting on the Uddhav Balasaheb Thackeray Sena faction ticket.

Arvind Kejriwal's aide for the assault, here are some of the top stories of May 16. Vineet Nayyar, the former vice-chairman of Tech Mahindra, passed away on Thursday, at 85. From starting off as a district magistrate to overseeing the turnaround of an Indian IT giant marred by scandals, Nayyar wore many hats in his lifetime.

Do you want to own a commercial building or an office or a warehouse in cities like Mumbai, Pune, Bengaluru or Delhi? It’s possible and that too at an investment of as low as Rs 1 lakh, which comes to less than Rs 300 a day, through the fractional ownership model.

Brookfield India Real Estate Trust (BIRET) on Thursday reported an 89 per cent rise in its adjusted net operating income to Rs 460.8 crore during the March quarter and announced distribution of Rs 208.6 crore to unitholders. Its net operating income (NOI) stood at Rs 244.4 crore in the year-ago period. During the full 2023-24 fiscal, the company's NOI increased to Rs 1,506.2 crore from Rs 960.8 crore in the preceding year, according to a regulatory filing.

Sunil Chhetri, India's leading goal scorer, announces his retirement, Indian football is left pondering a significant question: who will fill the void left by the veteran striker? Chhetri's impact on the Indian football scene has been immense, and finding a suitable replacement is crucial for the national team's future. Chhetri's Legacy and the Search for His Successor Since 2005, when Sunil Chhetri first joined the Indian football team, the striker position has been synonymous with his name. His prolific goal-scoring ability and leadership on the field have made him a legend in Indian football. However, with his retirement looming, the spotlight shifts to the next generation of players who will step up to fill his shoes.

. “India, I think, is moving forward quickly and therefore I think has a very good chance with our brand to grow faster than China," he said. Drew said more Western companies will eventually invest in India, with the country benefitting from the West's ‘China plus one’ strategy, referring to plans to avoid investing only in China and diversify businesses into other countries. “I would also like to think that it is due to the democracy (in India) and also the availability of not only cheap but educated labour," he said in an interview.

workspace solutions provider Awfis Space Solutions on Thursday announced a price band of Rs 364-383 per share for its initial public offering, scheduled for launch on May 22. At that price, the total proceeds from the IPO would be between Rs 576 crore and Rs 599 crore. Awfis is the first Indian coworking services provider heading for an IPO.

JAUNPUR: Prime Minister Narendra Modi on Thursday asserted that in the coming five years, Modi and Yogi are going to change the «picture» and «fate» of Purvanchal, adding that he aims to make India a 'Viksit Bharat'. Addressing a rally in Jaunpur, PM Modi asserted that winning even a single seat in UP is difficult for the INDIA bloc. «I pledge to build a developed India and the growth engine of developed India will be Purvanchal, Eastern India. This entire region is becoming a strong hub of health and education. In the coming five years, Modi-Yogi is going to change both the image and the fate of Purvanchal,» PM Modi said.

DLF ended FY24 with healthy sales bookings of ₹14,780 crore, a tad lower than FY23 as it did not launch any major projects in the fourth quarter. The company has already made a solid start to FY25 by selling all 795 apartments in its latest luxury housing project in Gurugram – DLF Privana West – for a staggering ₹5,590 crore, and that too within three days of launch earlier this month. It has given a sales booking guidance of ₹17,000 crore for FY25, but analysts are more gung-ho expecting DLF to surpass this target.

Also Read | ‘Let me die in jail’: Naresh Goyal, visibly trembling, tells court; Jet Airways founder missing wife battling cancer Anita is survived by her husband, Naresh, and their two children, Namrata and Nivaan. Her funeral is expected to take place in Mumbai later on Thursday.

₹223 and ₹235 per equity share with a face value of ₹10 each. The lot size for the Rulka Electricals IPO is 600 shares.

hoarding that collapsed in Ghatkopar, killing 16 people, Hindustan Times reported. According to the report, Bhinde reportedly switched off his phone and fled the city as soon as reports about deaths from the billboard collapse emerged. Although his phone was briefly switched on in Lonavala on Tuesday evening, it has since been untraceable.

hoarding collapse incident in Ghatkopar, Brihanmumbai Municipal Corporation (BMC) Commissioner Bhushan Gagrsaid that it was a tragic incident and informed that the rescue operation has been completed. «This was a tragic incident in which 16 people died. The rescue operation has been completed. Here is an active petrol pump; that's why our rescue operation was delayed,» Gagrani said. The BMC Commissioner stated that Maharashtra Chief Minister Eknath Shinde has ordered all hoardings to be checked.

ICC Men’s T20 World Cup, in June, is going to feel different. For the first time in the history of the cricket World Cups – both 50-over and 20-over versions – the deaf and visually impaired people of country will be able to experience their favourite sport better than ever as the broadcasters – Star Sports and Disney+ Hotstar – have added features to interpret live commentary for those who can’t hear or see. Disney Star has joined hands with India Signing Hands (ISH), a Mumbai-based broadcast company, to add Indian Sign Language (ISL) interpretation to its feed. There will be an audio descriptive feed for the visually impaired fans. The announcement was made on the Global Accessibility Awareness Day, which is observed on the third Thursday of May.

What makes an ideal vacation bag? The foundation, set up as a public charitable trust, has been protecting and preserving this space, and ensuring it remains open to everyone, for 17 years. Since every visitor would not know the names of all the plants, the foundation has planned to introduce ebooks and conducts regular tree-cum-heritage walks to introduce visitors to special specimens as well as to unique heritage structures.

Congress questioned Prime Minister Narendra Modi's statement that he has «never done Hindu-Muslim» politics in elections and that the day he would do so he would be unworthy of public life. Spokesman Jairam Ramesh said Modi had «brazenly used communal language» during his campaign speeches and that Congress had complained to the Election Commission about it. «Even by his own pathetic standards, Mr Modi's latest claim that he does not do Hindu-Muslim politics shows the new depths he reaches daily in lying. Since April 19, 2024, it is a matter of public record that cannot be erased from our collective memory — even if Mr Modi erases it from his own — that the outgoing PM has blatantly and brazenly used communal language, symbols and allusions. We have brought this to the attention of the Election Commission of India as well. Action should have been taken, but sadly it has not,» he said.

Mumbai once had the dubious distinction of being Asia's largest slum. Then, an embarrassed Mumbai Municipal Corporation claimed Orangi in the Pakistani port city of Karachi has inherited that rather ignominious moniker. However, Dharavi still is home to a very large number of people — more than half a million — jostling for meagre resources on a relatively tiny patch of land — of about 550 acres. And, the area remains central to the outcome of the parliamentary polls in the Mumbai South Central seat. Dharavi is populated largely with 50 to 70 square foot homes, interspersed with leather and plastic recycling and pottery and other small-scale units. Successive state governments for several decades have been promising to redevelop Dharavi, which is part of the Mumbai south central constituency.

Shiv Sena candidate, Arvind Sawant, sprang a surprise by defeating Congress MP Milind Deora from Mumbai South constituency by about 128,000 votes. Sawant was said to be a lightweight, and Deora's defeat came in the backdrop of the «Modi wave». In 2019 Deora was expected to give a tougher fight, but Sawant won again, this time by about 100,000 votes. Deora is now in the Shiv Sena but the party has fielded its Byculla MLA Yamini Jadhav, setting up a contest between the two factions of the erstwhile party, as Sawant is the Shiv Sena (Uddhav Balasaheb Thackeray) candidate. The Mumbai South constituency presents a paradox — with tall skyscrapers housing billionaires and millionaires while sharing space with slum dwellers and mill workers who live in 90 square feet and 250 sq ft homes respectively.

-A 120 x 120 feet hoarding fell on a petrol pump at Chheda Nagar in Ghatkopar on Monday evening due to gusty winds and unseasonal rains, killing 16 persons and injuring 75 others. -Brihanmumbai Municipal Corporation (BMC), Mumbai's civic body has said the hoarding was erected without permission.

etween Jagruti Nagar and Ghatkopar stations amid Prime Minister Narendra Modi's visit to Maximum City. Due to PM Modi's road show, the metro services were shut from 6 pm, which is usually when office-goers start returning home. However, the services were resumed at 7:46 pm.