City Mumbai Financial News

BRISKPE, a Mumbai-based cross-border payments platform working on simplifying global payments for MSMEs. This investment underscores the importance of seamless international payments as part of PayU India’s strategy. PayU says it is committed to partnering with BRISKPE to meet the Indian government’s vision of reaching $2 trillion in exports by 2030. PayU will continue to invest in accelerating the adoption and simplify cross-border payments for multiple cohorts by adhering to new regulatory licenses like PA-CB. Vijay Agicha, Chief Investment Officer, PayU, said in a statement, “BRISKPE's alignment with our cross-border payment strategy and focus on compliance highlights a symbiotic partnership. With BRISKPE’s top-notch management team, expertise in digital-first business models and banking systems, we're excited to actively participate in shaping their future growth. We're optimistic about the potential in cross-border payments and remain committed to driving economic growth in India."

gold in the last one week has been 0.88% .whereas in the last month it has been -7.71%. The cost of silver is Rs.83900.0 per kg down by Rs.600.0 per kg. Gold Rate Today in Delhi is ₹74114.0/10 grams.

MUMBAI : April's subdued stock market volatility that has remained lower than in regular election years may just be the calm before the storm. Outstanding positions in marketwide futures hit a record ₹4.38 trillion on Thursday when the May series of derivatives began, pointing to a volatile month ahead.

Bihar, and Jharkhand for the next three days. HeatwaveIn an official release, IMD said, “Heat Wave to severe heatwave conditions very likely to prevail in many places over Gangetic West Bengal, Odisha and Bihar, in some parts over Jharkhand till 1 May and then heatwave to severe heatwave conditions likely at isolated places over these areas on 2 May.

Mumbai news: Actor Sahil Khan has been sent to police custody till May 1 in connection with the Mahadev betting app case. Mumbai's special investigation team (SIT) apprehended Khan from Jagdalpur in Chhattisgarh on Saturday after the Bombay High Court dismissed his bail plea. The well-known actor for his work in Bollywood films like Aladdin, Excuse Me, and Style is one of the 32 others charged with promoting the betting application.

PTI, at a meeting held on Friday the lenders of Reliance Capital have asked IndusInd International Holdings to make a payment of ₹9,650 crore by the due date. ALSO READ: IRDAI raises concern over Hinduja Group-led IIHL bid for Reliance Capital It is to be noted that the National Company Law Tribunal (NCLT)-Mumbai, while approving the resolution plan on February 27, directed the IIHL to implement the resolution plan within 90 days i.e. May 27.

Lok Sabha elections 2024:BJP candidate from Uttar Pradesh's Meerut Arun Govil sparked a political buzz with cryptic post on Sunday. The post stirred speculations over its implications for the Bharatiya Janata Party's electoral future in the region. his morning, Govil posted a cryptic message in Hindi, leaving political circles abuzz with speculation over its implications for the BJP's electoral fortunes in the region.

Reliance Capital (RCAP) have asked the Hinduja Group arm, IndusInd International Holdings Ltd, to expedite the process of obtaining necessary regulatory approvals and stick to the resolution plan deadline of May 27. In a meeting held in Mumbai on Friday with the senior officials of IndusInd International Holdings' (IIHL), the lenders of RCAP said the company has to make a payment of Rs 9,650 crore to them by the said date, a source said. It is to be noted that the National Company Law Tribunal (NCLT) Mumbai, while approving the resolution plan on February 27, directed the IIHL to implement the resolution plan within 90 days i.e. May 27. As per the approved resolution plan, IIHL has to make an upfront payment of Rs 9,650 crore to the RCAP lenders.

Bank Holidays in May 2024: Banks will remain closed on THESE 10 days. Check all details here In addition to May 1, the NSE and BSE will be closed on May 20 due to the general elections, specifically when all six Lok Sabha seats in Mumbai are contested in the fifth phase of the seven-phase electoral process. In Maharashtra, Lok Sabha elections are scheduled across five phases.

Bollywood actor and fitness influencer Sahil Khan from Chhattisgarh concerning the Mahadev betting app scam. Khan's arrest follows the Bombay High Court's denial of his pre-arrest bail plea, citing his direct involvement with an online betting application.

arrested Sahil Khan from Jagdalpur in Chhattisgarh in connection with the Mahadev betting app scam case. The Bollywood actor and fitness coach's arrest came after the Bombay High Court rejected his pre-arrest bail plea. Known for his roles in Bollywood movies such as Style and Excuse Me, Khan initially gained fame through a musical video of Stereo Nation's Nachange Sari Raat.

A post shared by Mehul Hingu (@streetfoodrecipe) He mentioned that he receives a lot of love and respect from both locals and tourists because he resembles PM Modi. Netizens left comments, with some calling him “Chota Modi," while others referred to him as “Karan Arjun." Another comment humorously dubbed him “Low Budget Modi." Here is another video: Earlier, Vikas Mahante, a resident of Mumbai's Malad, drew attention for his striking resemblance to Prime Minister Modi.

Mumbai North Central MP Poonam Mahajan, who has been denied renomination by the BJP this time, has said people from the constituency treated her like a family for 10 years and she hopes the relationship would always continue. In a post on X on Saturday, Mahajan, who has been replaced by prominent lawyer Ujjwal Nikam, also thanked the BJP and Prime Minister Narendra Modi for giving her an opportunity to serve the people of Mumbai North Central constituency for 10 years. «I wish to continue on the path of 'nation first' shown by my late father Pramod Mahajan. I hope to walk on that path always,» she said. The BJP on Saturday denied ticket to Mahajan and instead picked Nikam, who was the special public prosecutor in Mumbai terror attack and 1993 serial blasts cases, as its nominee from the Mumbai North Central seat.

special investigation team of Mumbai cyber cell has detained actor Sahil Khan from Chhattisgarh in connection with the Mahadev betting app case, an official said on Sunday. The actor was apprehended from Jagdalpur in Chhattisgarh on Saturday after the Bombay High Court rejected his pre-arrest bail plea, he said. Khan was recently questioned by the SIT in connection with the case. The SIT has been conducting a probe into the alleged illegal transactions between certain financial and real estate firms in the state and the promoters of the controversial Mahadev betting app.

LTCG) tax. And if the assets were sold within three years of purchase, you are entitled to pay short-term capital gain tax, which means the gains are added to the tax slab. Income Tax (I-T) Act 1961 allows taxpayers to claim tax exemption of LTCG under section 54F.

Mumbai: Private lender IDFC First Bank reported a 9.8% dip in net profit to ₹724 crore for the fourth quarter ending March 2024 over the corresponding period last year. The Bloomberg poll had estimated a net profit of ₹756 crore in the fourth quarter. The bank's net profits were impacted by a significant 50% increase in provisions for bad loans, which amounted to ₹722 crore in Q4. For FY24, the bank reported a 21% rise to ₹2,957 crore.

ICICI Bank, the second largest non-state lender by assets in India, on Saturday reported a better-than-expected 17% increase in net profit for the fourth quarter, helped by strong demand for loans and lower provisions. The Mumbai-based bank posted a net profit of ₹10,707.5 crore for the quarter ended March 31, compared with the average estimate of ₹10,489 crore by analysts tracked by Bloomberg.

Bharatiya Janata Party (BJP) has selected lawyer Ujjwal Nikam as its candidate for the Mumbai North Central constituency, replacing Poonam Mahajan. Nikam, known for his role as the prosecutor in the 26/11 attacks case, will contest against Congress' Varsha Gaikwad. Who is Ujjwal Nikam Ujjwal Nikam was born in Maharashtra's Jalgaon on March 30, 1953, to lawyer Deorao Madhavrao Nikam and Vimaladevi, a well-known freedom fighter. He has a Bachelor of Science degree and obtained his law degree from SS Maniyar Law College in Jalgaon.

unidentified caller after the Mumbai airport received a hoax bomb call, warning of an explosive in Terminal 1, police said on Saturday. Sharing details, the Mumbai police said, «A female employee working at Mumbai International Airport Limited (MIAL) at Chhatrapati Shivaji Maharaj International Airport Terminal-1 received a call from an unknown number about the bomb threat.» «The caller said that there was a bomb in Terminal 1 of Mumbai Airport, after which the information was given to the Bomb Squad and the local police. Following this, the officials reached the spot and started an investigation,» said the police.

lookout circular (LOC) has been issued against Anmol Bishnoi, the younger brother of jailed gangster Lawrence Bishnoi, in connection with the firing outside actor Salman Khan's house in Mumbai's Bandra earlier this month, a police official has said. The police are also likely to take custody of Lawrence Bishnoi, who is currently lodged in a jail in Gujarat's Sabarmati, and was also contemplating invoking the stringent Maharashtra Control of Organised Crime Act (MCOCA) in the case, he said. Anmol Bishnoi had claimed responsibility for the firing and a probe too showed his involvement, following which the LOC was issued on Friday by the Mumbai police, the official added. «Anmol and Lawrence Bishnoi have been named as wanted accused in the case. Anmol Bishnoi stays in Canada and travels to the USA. However, the IP address of the Facebook post, through which he claimed responsibility of the firing, was traced to Portugal,» the official said.

BJP) has fielded Ujjwal Nikam, who was a special public prosecutor in the Mumbai 26/11 terror attack, from Mumbai North Central in the Lok Sabha elections. Nikam, a senior public prosecutor, has appeared for the government in several high-profile cases, including the 26/11 Mumbai attack case. Ujjwal Nikam will be contesting the polls against Congress's Varsha Gaikwad.