City Mumbai Financial News

gold in the last one week has been -0.15% .whereas in the last month it has been 0.74%. The cost of silver is Rs.84300.0 per kg up by Rs.1710.0 per kg. Gold Price Today in Delhi is ₹74322.0/10 grams.

Weather update: IMD forecasts rain, thunderstorm in THESE states. Details here The India Meteorological Department said that winds over 50 kmph were reported in Delhi at 10 pm on Friday. With strong winds, a signboard fell and damaged two vehicles, including an ambulance, in the Dwarka More area.

Alternative Banking Options: Despite the closures, customers can continue to manage their finances using mobile and net banking services. These platforms offer a range of financial services that are accessible even on bank holidays. The Reserve Bank of India (RBI) classifies bank holidays under three categories: Negotiable Instruments Act Holiday, Real Time Gross Settlement Holiday, and bank account closures.

asset reconstruction companies (ARC) next week to discuss corporate governance and stressed-asset resolutions amid concerns of potential back-door entry by defaulting promoters, people with knowledge of the development told ET. The Reserve Bank of India (RBI) has asked the chairman of the board, chairman of the audit committee, and managing director of the ARCs to attend the May 17 meeting in Mumbai. Two Reserve Bank executive directors and senior Mint Road officials will also participate in the meeting, the first by the banking regulator that will see the participation of all 27 registered ARCs. The meeting comes amid allegations that ARCs often strike deals with defaulting promoters, effectively giving them a back-door entry at a steep discount. Under Section 29A of Insolvency and Bankruptcy Code (IBC), defaulting promoters are prohibited from giving a resolution plan to lenders.

The Courtyard by Marriott Aravali Resort with exclusive offers for 'valued' corporate clients, while the Four Seasons Mumbai is aiming to be 'the business traveller's choice' with curated business traveller package that it claims goes 'above and beyond' and includes complimentary sparkling wines on arrival and half an hour spa treatments. Travel and hospitality companies said they are witnessing clear shifts in the requirements of India's new-age business traveller, moving several notches beyond mere hotel accommodation. The demand for personalised amenities and services is going up and is being catered to. Satyajeet Krishnan, area director, operations and general manager, Taj Mahal Hotel, New Delhi said business travel — both individual and in groups — has seen a significant rise over last year. The hotel is running customised offers for lawyers, and diplomats on transfer, and there is a food and beverage (F&B) focus on express lunches and group dining offers, too.

Wales First Minister Vaughan Gething on Friday said he held a «candid meeting» with Tata Steel on the issue of expected job losses at the company's Port Talbot plant in South Welsh. The First Minister, who is on a visit to India as part of the trade mission, also expressed hope that the Indian steel major, which has a «positive reputation», would take the same approach for the workers at the Welsh plant. Last month, Tata Steel announced to proceed ahead with its plans to close down the two furnaces at the plant and replace them with electric furnaces as part of its plans to go green in steel manufacturing. The proposed move could affect some 2,500 jobs in the next 18 months. But trade unions have opposed the move, and some 1,500 workers have reportedly voted in favour of an industrial action.

soof patch embroidered on the back of the white jacket by artisans in Gujarat’s Palanpur, at a London party. Each of the 80 pieces was global, with an India signature. At its heart, the show, titled Legacy Of Deft Hands, served yet another reminder of what has long been known: Indian artisans have the skills to create work that can be as much part of daily wear as haute couture around the world, and all they need is guidance of homegrown designers to create global designs.

Celebrations erupted at AAP's office in Delhi after the Supreme Court granted interim bail to Chief Minister Arvind Kejriwal till June 1. Jubilant workers danced and raised slogans such as "Jail ke taale toot gaye, Kejriwal ji choot gaye". In a major relief, the Supreme Court on Friday granted Kejriwal interim bail to campaign in the Lok Sabha elections. A bench of Justice Sanjiv Khanna and Justice Dipankar Datta said Kejriwal, arrested in a money-laundering case linked to the alleged excise policy scam, will have to surrender and go back to jail on June 2.

Narendra Modi on Friday said some in the opposition want to bury him alive, but people of the country are his security shield and they won't let any harm come to him. Lashing out at the opposition Shiv Sena (UBT) headed by former Maharashtra CM Uddhav Thackeray, the BJP stalwart asserted the «nakli (fake) Shiv Sena» abuses him in such a way that it pleases its «favourite vote-bank». «The nakli Shiv Sena wants to bury me alive. They abuse me in such a way that it is liked by their favourite vote-bank. They also take a bomb blast accused for election campaigning,» Modi said while addressing a campaign rally in north Maharashtra's Nandurbar in support of BJP candidate Hina Gavit. The BJP on Thursday claimed 1993 serial bomb blasts accused Iqbal Musa alias Baba Chauhan was seen in a Lok Sabha campaign rally of Shiv Sena (UBT) Mumbai North West candidate Amol Kirtikar. The allegations were denied by Musa as well as Kirtikar, both of whom claimed they did not know each other. He maintained the opposition has lost people's support and trust, and that is why their political space is shrinking.

Election Commission of India on Friday criticised Congress President Mallikarjun Kharge for allegedly 'obstructing' the ongoing Lok Sabha elections. The commission has termed Kharge's views as 'aggression on vitals of live election operations.' "Baseless allegations regarding release of voter turnout data in middle of ongoing polls are designed to create confusion, misdirection and impediments in the conduct of free and fair polls. Utterances can have negative impact on voters’ participation and demoralize the large election machinery across states," news agency ANI quoted EC as saying. “The pattern in series of past, present irresponsible statements from the Congress party is disconcerting,” the commission said.

NCP (SP) president Sharad Pawar on Friday said the parliamentary democracy is under threat because of Prime Minister Narendra Modi, and he won't ally with those who do not believe in it. Pawar's statement has come after the prime minister advised the NCP (SP) and Shiv Sena (UBT) to join hands with Ajit Pawar and Eknath Shinde after the Lok Sabha poll results instead of «dying by merging» with the Congress. Speaking to reporters here, Pawar said it is his clear opinion that parliamentary democracy is under threat because of PM Modi. «Delhi Chief Minister Arvind Kejriwal and former Jharkhand Chief Minister Hemant Soren were arrested and put behind bars. This (the arrests) would not have been possible without the role of the Central government and Central leadership. This shows how much faith they have in the democratic system,» the party chief said.

₹109 to ₹114 per share. The IPO lot size for Veritaas Advertising is 1,200 shares. The equity share allocation is as follows: Market Maker is allotted up to 37,200 equity shares; Non-Institutional Investors (NII) is allotted up to 1,06,800 equity shares; Retail Individual Investors (RII) is allotted up to 2,48,400 equity shares; and QIB Anchor Portion is allotted up to 1,74,000 equity shares.

₹6.3 crore instead of her student grant of ₹7,600. Unaware of the source of transaction, the woman chose to spend the money on herself. However, her dream quickly turned into a nightmare after her eight-digit bank balance drew government scrutiny and she was jailed on accusation of theft and robbery.

Also Read: Video of BJP leader's minor son casting vote in Bhopal goes viral; Congress says 'turning EC into a child's plaything' The determination of the young kid despite hardships drew the attention of business tycoon Anand Mahindra, Aam Aadmi Party (AAP) MLA Jarnail Singh, and Bharatiya Janata Party leader Rajiv Babbar. Kapoor is the latest addition to the list. Also Read: Viral video shows Dolphin spotted off Mumbai coast; Netizens joke, ‘hope no builder sees this, otherwise…’ According to news agency PTI, Kapoor shared a news report about Jaspreet on his Instagram Story.

Sanjiv Bhasin, Director, IIFL Securities, says: “ This is the time to pull up your socks, ignore the fear and buy the stocks which you most wanted to and hopefully by Tuesday, Wednesday, we should be back to normalcy as far as the VIX goes and then we will take it with global cues.” Bhasin further says: “The pessimism on certain stocks and sectors has been overdone. Some of the largecap banks like HDFC, ICICI are looking very good, and of course, some of the PSUs. But the real killing will be in the commodity stocks. So, Coal India, Vedanta, NALCO, SAIL, Tata Steel basket is looking very strong. From their highs, the stocks have not even corrected 5%. If this market trends, which according to me on Tuesday, fingers crossed, then these stocks are headed to new highs. ” It is getting a little worse out here? When was the last time L&T fell that 6% or so and I am not even getting into other individual names here where the selling was excruciating. What is the strategy now? Do you throw in the towel and sell into the market or wait patiently because you see some recovery in store? Sanjiv Bhasin: What a week! Last Thursday, I was with you in Mumbai and we were hitting new highs and I told you to take some money off the table.

₹25.4 crore. Unlike other IT services companies, TCS does not offer employee stock ownership plans (ESOPs). Salaries of peers’ CEO are high on account of the ESOPs paid to them.

The price change in 24 carat gold in the last one week has been -0.76% .whereas in the last month it has been 0.12%. The cost of silver is Rs.82590.0 per kg up by Rs.82590.0 per kg. Gold Price Today in Delhi is ₹73218.0/10 grams.

Also Read: Lok Sabha elections 2024: Sanjay Raut praises 50 years of Congress rule, says ‘after June 4, Modiji…’ The Maharashtra unit of the BJP has said that Raut tried to draw parallels between Modi and Aurangzeb, adding, “Such comments are a ‘direct threat’ to the life of the PM," PTI reported. On Thursday, the BJP also wrote to the Election Commission and Mumbai police seeking action against Raut In its complaint to the EC, the party also said that such comments could potentially lead to communal disharmony and hamper the peaceful conduct of the electioneering process.

Also Read: Mutual Funds: How to check KYC status and what actions you might need to take? A step-by-step guide With the new set of rules stipulated by markets regulator SEBI on KYC (Know Your Customer) becoming effective from April 1 for MFs, investors have to check the status of their compliance with KRAs (KYC Registration Agencies) such as CAMS (Computer Age Management Services) to continue their investments and redemptions. “There are a lot of investors who have not done Aadhaar-based verification. Without Aadhaar-based KYC, we cannot process investments in new MF schemes," says Suresh Sadagopan, managing director and founder, Ladder7 Wealth Managers, a Mumbai-based wealth management firm.

(This story originally appeared in on May 10, 2024)

Akshaya Tritiya, also known as Akti or Akha Teej, is an Indian festival celebrated on the third lunar day (tithi) of the bright half (Shukla Paksha) of the month of Vaisakha. The term 'Akshaya' translates to 'never diminishing', and it is believed that buying gold on this day ensures unending wealth. Best Time to Buy Gold on Akshaya Tritiya 2024 Gold holds significant value in Indian culture, symbolizing wealth and purity. Purchasing gold on Akshaya Tritiya is considered auspicious and is believed to bring blessings and symbolize boundless prosperity. The best time to buy gold on Akshaya Tritiya in 2024 is from May 10, 2024, at 05:33 AM to May 11, 2024, at 02:50 AM.