City Mumbai Financial News

Microsoft Corporation recently acquired 48 acres of land in Hyderabad for a deal valued at approximately Rs 267 crore. The property was purchased from the land aggregator, Sai Balaji Developers, located in Ranga Reddy district, as per the document shared by Propstack, a data analytics firm. «Microsoft has big plans to expand its data centre business and will be developing one of the biggest data centres in the region. The property is located about forty kilometres from the main city of Hyderabad, and the company paid a premium on the land,» said a person aware of the deal.

MUMBAI : TI Clean Mobility, a wholly-owned subsidiary of Tube Investments of India Ltd, said it has signed a definitive agreement to raise ₹580 crore from GEF Capital Partners, through equity and compulsorily convertible preference shares. This is part of TI Clean Mobility’s planned ₹3,000 crore fundraise for its electric vehicle (EV) venture.

Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE) is expected to release SSC (Class 10th) and HSC (Class 12th) Board Results 2024 very soon. As per media reports, the board is likely to announce the results of both classes by May 10, 2024. However, there is no official confirmation on the date and time of the much-awaited board results.

₹1 lakh and not leave Mumbai without prior permission from the trial court. "The applicant (Goyal) shall be released on interim bail for a period of two months. He shall abide by all conditions imposed," the bench said.

Also Read: Actor Govinda joins Eknath Shinde's Shiv Sena, over a decade after 'big mistake' claim. Here's what ‘inspired’ him On Sunday, before the road show was set to begin, Govinda addressed some media personnel. However, after uttering 'respected', the actor blanked on the name of the candidate and turned to BJP leader Uma Khapre, seated beside him, for assistance.

Mumbai-Pune commuters will have to wait a bit longer for smoother travel as the completion of the crucial cable-stayed bridge, a pivotal part of the Rs 6,695 crore missing link project, faces delays. Despite initial projections for a July deadline this year, the bridge's construction may extend until March of the following year, delaying the anticipated reduction in travel time by half an hour, a Mumbai Mirror report stated. Challenges and Delays: Anil Kumar Gaikwad, the Managing Director of MSRDC, elucidated the complexities hindering the project's timeline. Factors such as the formidable task of erecting four 182-meter-tall pylons amidst the valley's relentless winds and precarious visibility conditions have contributed to the delay. Moreover, the exigencies imposed by the ongoing COVID-19 pandemic, coupled with the logistical hurdles of deploying skilled workers to lofty heights, have compounded the construction challenges. Anticipated Impact on Travel: The completion of the missing link project holds significant promise for streamlining travel between Mumbai and Pune, offering a respite from the arduous journey through the ghat section. With 85% of the Expressway's current traffic expected to migrate to the new route upon its inauguration, commuters can anticipate a smoother and more time-efficient journey. The project aims to bypass the treacherous Khandala ghat section, thereby trimming the distance between the two bustling cities by over 6 kilometers and slashing travel time by nearly 30 minutes.

—Avantika Bhuyan A few years ago, when YouTube bet big on vertical videos and Instagram Reels entered our lives, the vertical video format became the norm for smartphone users. Creators have been innovating with the format ever since. One Instagram handle—The Vertical Cinema—has brought the vertical touch to some of my most cherished movies.

India,- New Balance, one of the world’s fastest growing sports brands, unveils its newest retail concept at Linking Road, Mumbai alongside celebrated cricketer,Pat Cummins.The launchhighlights New Balance's strategic expansion plans, under the newly launched India subsidiary,of broadening its global presence and making significant strides within India. The unique retail concept embodies New Balance at the intersection of sports and culture catering to both, the fashion influencers, and the elite athletes. The new store intends to offer a dynamic retail experience highlighting the brand’s quality craftsmanship and its consistent strive for innovation.

₹30 per equity share. The qualified institutional buyers (QIBs) portion is yet to be booked. At 12:51 IST, the Indegene IPO subscription status is 55%, as per BSE data.

MUMBAI : IndusInd International Holdings Ltd (IIHL), promoter of IndusInd Bank, said it is likely to receive the Reserve Bank of India's final approval to increase its stake in the private-sector lender over the next two weeks. Ashok Hinduja, chairman, IIHL, said that the promoter will not look at raising its stake from the existing 16.4% to 26% immediately in one go, as it would involve infusing capital worth $1 billion. "15% to 26% stake increase, there is a policy of the regulator (RBI).

NEW DELHI : Indians are packing travel bags for summer, braving heat waves and steep fares as school vacations and annual holidays beckon. Air travel that hit a daily peak in April is expected to rise further as more travellers work out plans for May and June, cheering airlines and travel industry alike. While there is heightened demand for cooler destinations, places that are typically warm at this time are also seeing interest.

IIHL is yet to get a nod from insurance watchdog Irdai for its Rs 9,650-crore acquisition of Reliance Capital, its chairman Ashok Hinduja has said. Stating that IIHL has been in touch with the Insurance Regulatory and Development Authority of India (Irdai) since November on the deal, he said IIHL is «hopeful» of the nod coming as soon as possible and added that usually, such a go-ahead comes in 2-3 months. Speaking with reporters here over the weekend, Hinduja said IIHL will be able to pay the sum it has bid for within 48 hours of the Irdai nod and complete the deal. With a little over three weeks to go before the National Company Law Tribunal's May 27 deadline for executing the Rs 9,650 crore buy of RCAP comes to a close, Ashok Hinduja said the Mauritius-based IIHL has tied up Rs 7,500 crore from a clutch of banks for the acquisition.

Congress leader Vijay Wadettiwar stoked controversy by claiming that former ATS chief Hemant Karkare was «not killed by terrorists during the 26/11 attack but by a police official close to Rashtriya Swayamsevak Sangh», Shiv Sena leader Milind Deora said that such remarks made by Leader of Opposition in Maharashtra Assembly are shameful and the opposition party is busy giving «clean chit to the Pakistan». «It is a very shameful statement. During the 26/11 attack. I saw the pain, suffering and terror that the people of South Mumbai, Maharashtra and India had to witness. Why are they trying to appease Pakistan and blame one community? As an Indian, a responsible leader from an Opposition party is making this statement for the second time from the same party and giving a clean chit to Pakistan,» Milind Deora told ANI. After the outrage, Vijay Wadettiwar issued a clarification, saying that these are not his words and it has been mentioned in the book authored by SM Mushrif, a former Inspector General of Police, Maharashtra.

smuggling nearly $2 million worth of gold into the country. Zakia Wardak, the Afghan Consul-General in India's financial capital Mumbai, posted a statement on social media platform X announcing her resignation. Afghanistan's embassy in New Delhi shut down in November, more than two years after the Taliban returned to power in Kabul following the collapse of the Western-backed government, leaving Wardak as the country's most senior representative in India.

Sanjay Raut on Sunday said Prime Minister Narendra Modi will seek votes in the name of Lord Ram but will not speak on development, inflation and jobs. Talking to reporters in Mumbai, Raut claimed that the Bharatiya Janata Party (BJP) was trailing after the first two phases of the Lok Sabha elections. The third phase of polls will take place on May 7. Prime Minister Modi is scheduled to visit the Ram temple in Ayodhya on Sunday and hold a roadshow.

Economy Class, both 'Comfort' and 'Comfort Plus' fare families now provide 15 kg baggage allowance, while 'Flex' provides 25 kg allowance. "The Business Class baggage allowance on domestic routes ranges from 25 kg to 35 kg.

gold in the last one week has been 0.59% .whereas in the last month it has been -2.12%. The cost of silver is Rs.83500.0 per kg Gold Rate Today in Delhi is ₹73184.0/10 grams. Yesterday’s Gold Rate on 04-05-2024 was ₹73681.0/10 grams.

Heatwaves to result in production loss in heat-intensive industries Parts of Telangana, Vidarbha, Rayalaseema and interior Odisha, north interior Karnataka, Marathwada, Madhya Pradesh, Chhattisgarh, Madhya Maharashtra, and east Uttar Pradesh witnessed maximum temperatures in the range of 40°C to 45°C on Saturday. Nandyal in Andhra Pradesh sizzled at 46 degrees Celsius and was the hottest place in the country for the third consecutive day on Saturday.

MUMBAI : Kotak Mahindra Bank's new managing director and chief executive officer, Ashok Vaswani, has expressed greater concern over the reputational fallout of the Reserve Bank of India's (RBI) restrictions on the bank than their financial impact. During his first earnings press conference on Saturday, Vaswani stressed that regaining the trust of customers and regulators would be the bank's utmost priority. To achieve this, the focus would be on upgrading technology systems and accelerating investments.

Mumbai City FC has become the winner of Indian Super League 2024. In a thrilling match, at the Salt Lake Stadium in Kolkata, Mumbai City beat Mohun Bagan 3-1. It was kind of a revenge for the Mumbai team as last month the Mariners edged past the Islanders 3-1 to dethrone Mumbai City FC and get crowned the ISL Champions.

Zakia Wardak has announced her decision to step down from her role at the Consulate and Embassy of Afghanistan in India. Wardak said that she has faced numerous «personal attacks and defamation» over the past year. The development comes after the Directorate of Revenue Intelligence intercepted her over alleged attempts to smuggle gold from India to Dubai. She noted that these attacks which seem to be organized have severely affected her ability to effectively operate in her role and showcase the challenges faced by women in Afghan society who want to bring a positive change amidst the «propaganda campaigns.