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MUMBAI : Sebi has relaxed the Know Your Customer (KYC) requirements for mutual fund (MF) investors, residents, and non-resident Indians (NRIs) following consumer feedback. Mint has seen a copy of a mail sent by the Securities and Exchange Board of India (Sebi) to industry participants. NRIs have been given a breather of one year for completing KYC requirements following representations from them about difficulty in passport validation.

Piyush Goyal, who is the BJP's candidate from Mumbai North, on Wednesday hit out at leaders of opposition Maha Vikas Aghadi (MVA) for labelling him as an outsider, saying they are «helpless» and making ridiculous arguments. «There can be nobody more Mumbaikar than me,» Goyal told PTI during a road show here in response to questions on the «outsider» barb hurled at him by the opposition. Shiv Sena (UBT) leader Sanjay Raut and Congress leader Varsha Gaikwad, who dubbed Goyal as an «outsider», had said voters of Mumbai North would send «Pedder Road's parcel back to Pedder Road» in the Lok Sabha elections for the parliamentary constituency on May 20. Goyal had mentioned his residential address as Malabar Hill, a locality in the vicinity of Pedder Road, an affluent neighbourhood in South Mumbai. «That is a very ridiculous argument. Not even worth responding to. I am a born Mumbaikar. Lived in Mumbai all my life, worked in Mumbai all my life,» Goyal said.

he started Fractal. All the co-founders pooled in about ₹2 lakh each. “I got my ₹2 lakh from my mother.

Piyush Goyal, contesting a Lok Sabha election for the first time, asserted on Wednesday that he will surely win — but almost entirely because of the work done by Prime Minister Narendra Modi, adding that this election will determine the fate of India. «I recognise that we are all subsumed under Mr Modi's performance… It is gradually dawning on people that this is Modi's election,» Goyal told PTI during a road show — a slow crawling journey atop a decked up pickup truck that wound its way through a ward of Borivali in the Mumbai North constituency. Goyal, a Rajya Sabha member and a veteran manager of many an election campaign, including that of Lal Krishna Advani in 1989, replaced incumbent Gopal Shetty as BJP's candidate for the constituency. The elections are due on May 20. With four days left for campaigning, which ends on the evening of May 18, Goyal is crisscrossing all the assembly segments of the constituency every day in his truck in a set pattern: every morning, a few hundred party workers wearing orange caps, BJP scarves hanging down their shoulders and lotus sticker on their clothing, gather at the starting point of the road show.

Modi claimed that Uddhav Thackeray's Shiv Sena would merge with Congress, along with "all the small parties in Maharashtra." “It is certain that ‘fake Shiv Sena’ and ‘fake Nationalist Party’, will merge with Congress. When this ‘fake Shiv Sena’ will merge with Congress, I will remember Bala Saheb Thackeray the most, because Bala Saheb also used to say that the day he felt that Shiv Sena has become Congress, that day he will end Shiv Sena, meaning that now there will be no trace of fake Shiv Sena," PM Modi said.

Mumbai-based FA Airlines is set to acquire regional carrier FlyBig, according to sources. FlyBig has four planes in its fleet. Incorporated in 2022, FA Airlines is focused on the aviation sector. The sources said an initial pact has been signed between the two entities for the deal. Once the transaction is complete, FlyBig's fleet will be expanded by more than 20 aircraft, they added.

Nikhil Kamath, the billionaire entrepreneur and co-founder of Zerodha, recently shared his admiration for Bengaluru, the country's startup capital, during his podcast on YouTube. Despite acknowledging challenges like traffic and road conditions, Kamath highlighted why Bengaluru stands out for him. He emphasized that Bengaluru's real treasure lies in its people, despite the hurdles like congested roads and traffic. .Kamath stated, «The big, big differentiator at the end of the day — forget all the roads, the traffic… those things don't matter — the people of Bengaluru are second to none… the love they have for the city, how nice they are as people.» Delving into what makes each city renowned, Kamath mentioned Hyderabad's biryani, Mumbai's «good-looking people» and fast-paced culture, and Delhi's affluent population. However, he reserved special praise for Bengaluru, describing it as a city famous for its kind-hearted residents. He also noted that people in Bengaluru are welcoming, down-to-earth, and subtle.

Janhvi Kapoor expressing his respect for MS Dhoni recently; during the show, she described how MS Dhoni treated a man who invaded the IPL 2024 pitch during a CSK match to touch MS Dhoni's feel. "I recently saw a video in which a fan had come near the pitch to meet MS Dhoni. The way Dhoni handled it was that he behaved very nicely with that fan.

declared immovable assets worth over ₹62.92 crore and movable assets worth ₹28.73 crore, including three luxury cars like a Mercedes Maybach, according to her election affidavit filed on May 14, 2024. Her election affidavit revealed that Ranaut has liabilities exceeding ₹17.38 crore, along with ₹2 lakh in cash and nearly ₹1.35 crore in bank balance.

considering discussing generative AI and making enterprise-wide changes on them. This comes on the back of more than half the respondents stating that GenAI’s impact on their business model will be greater than that of previous disruptive technologies like the internet and smartphones. Also Read: AI asymmetry: Can our IT service firms close their gap with GenAI rivals? At least 54% of senior executives who have responded believe that their company is a long way from fully leveraging Al, with the primary barrier being the quality and availability of enterprise data.

Oberoi Realty jumped 7 percent to their record high of ₹1,629.15 apiece in intra-day deals on Wednesday, May 15, after the real estate developer posted robust earnings for the quarter ended March 2024 (Q4FY24). The Mumbai-based developer posted a 64 percent year-on-year (YoY) increase in its net profit to ₹788 crore as against ₹480.3 crore in the same quarter last fiscal. Meanwhile, its total income for the quarter under review surged 56 percent YoY to ₹1,558 crore.

Maharashtra has identified 91 cases of the new Covid-19 Omicron subvariant KP.2, which has exceeded the previously prevalent JN.1 variant and is currently the main cause of infections in various countries. Pune recorded the highest number of KP.2 cases at 51, with Thane following closely behind with 20 cases, a TOI report stated. Maharashtra initially identified cases of the KP.2 variant in January. By March and April, it had become the dominant strain in the region. Dr. Rajesh Karyakarte, who is the genome sequencing coordinator for the state, observed that although there has been an increase in cases, there has not been a corresponding rise in hospitalizations or severe cases. The small increase in cases seen by the state in March, averaging around 250 detections, is probably a result of the transmission of the KP.2 variant, which originated from JN.1, the prevalent Covid strain at the end of 2023. Apart from Pune and Thane, seven cases were reported in Amravati and Aurangabad. Solapur had two cases, and Ahmednagar, Nashik, Latur, and Sangli each had one case of the KP.2 variant. It is notable that there were no cases reported from Mumbai.

Mumbai's Ghatkopar at 8 pm from Shreyas Cinema on LBS Road to Gandhi market on Wednesday, May 15. To avoid security lapses, Mumbai police issued traffic guidelines for the day. Multiple routes including LBS road in Ghatkopar will remain closed for some hours.

Also Read: Mumbai rainstorm: Who is Bhavesh Bhide owner of 'illegal' hoarding collapsed in Ghatkopar After casting their votes, voters can avail of discounts at different eateries in the metro city under schemes like “Pledge to Vote" and “Democracy discount" on May 20 and May 21. According to an Indian Express report, the “Pledge To Vote" campaign by the Hotel and Restaurant Association (Western India) has included several hotels and restaurants in Maharashtra. These eateries will offer a 10- 20 per cent discount to customers who cast their votes.

jury gathered to deliberate on the young business leaders vying for a highly coveted spot on The Economic Times 40 Under Forty scroll. Thirteen elite jurors — women and men who have weathered many economic cycles and built enduring businesses — gathered in the Jaipur Suite at The Oberoi in Mumbai last week, tasked with recognising the most brilliant young leaders of corporate India. The 10th edition of 40 Under Forty was adjudicated by a power-packed panel led by Reliance Foundation’s Nita Ambani.

RX Propellant has secured the first ‘IFC-EDGE Advanced’ Certified Speculative Life Sciences Building globally for 3GV, one of the pharma and life sciences facilities located at Genome Valley, Hyderabad. Rx Propellant that specialises in life science real estate projects across India has portfolio in Hyderabad, Bengaluru, and Mumbai. The company has taken the helm in developing 3GV as a flagship life sciences and pharma centre, with a total built-up area of 150,000 sq. ft.

retail investors of the perils associated with the derivatives market stressing that «unchecked explosion» in the riskier futures & options (F&O) may potentially create problems in household finances. «Any unchecked explosion in retail trading in F&O can create future challenges not just for the markets (but) for investor sentiment and also for household finances,» the FM said and PTI reported.

discharged after treatment. The other injured people are still receiving treatment at the hospital. The tragedy evoked reactions from various influential people and celebrities, such as Mahindra Group chairman Anand Mahindra, actor Vijay Verma, Soni Razdan, and Mini Mathur, who expressed their shock at the accident.

MUMBAI : Homegrown private equity firm ChrysCapital is set to invest up to $100 million in New Delhi-based Centre for Sight for a “significant" minority stake in the eyecare chain. As part of the transaction, ChrysCapital will purchase the entire stake held by Mahindra Holdings Ltd, a wholly owned subsidiary of Mahindra & Mahindra Ltd, in Center for Sight. Mahindra Holdings had invested in the eyecare chain in 2019.

Godrej Properties Ltd, in 2009, Pirojsha Godrej, who was then its executive director, met up with the executives of a prominent Mumbai-based investment banking firm. The investment bank’s feedback wasn’t that encouraging. Godrej’s property business, executives from the bank said, wasn’t ready for an IPO yet; the developer needed to build scale.

MasterChef Australia’s season four winner-turned-judge, teamed up with Mumbai chef Hussain Shahzad for a pop-up at O Pedro last weekend. Manifestation seems to be another constant in Allen’s life as he talks about how this collaborative effort reached fruition. “On my last trip to India, where I collaborated on a range of Australian flavours-inspired chocolates with the ITC brand Fabelle, I remember saying how much I wanted to do something with The Bombay Canteen guys.