City Mumbai Financial News

Congress leader Priyanka Gandhi Vadra on Saturday hit out at the Narendra Modi government over jobs and inflation, saying the unemployment rate is the highest in the country. Addressing a campaign rally at Udgir in Latur district for the Congress candidate, she said 30 lakh posts are lying vacant in the Central government which have not been filled in the last ten years. «Hardships (of the people) and unemployment have risen in the last ten years. 70 crore people, youth are unemployed,» Gandhi said. The AICC general secretary also said GST (Goods and Services Tax) has been imposed on every (piece of) agricultural equipment and promised to abolish it after Congress comes to power.

Taarak Mehta Ka Oolta Chasmah’ star Gurucharan Singh has been seen in a CCTV camera. The TV actor, who has been missing for more than five days, was last seen in the Delhi airport. He was travelling to Mumbai. However, he had not landed in Mumbai or returned home. This made his father file a report. In an interview with ANI, DCP South-West Delhi Rohit Meena assured that an investigation was going on to trace the missing actor. ‘'Gurucharan Singh's family lodged a complaint with us that he left for Mumbai on 22 April at 8:30 pm. He has been missing since then. We have registered a case and are investigating from multiple angles. We are looking for footage and technical investigation, and we have even found many vital clues,” he told the news agency. The DCP further revealed that Singh was seen leaving with a backpack. The actor’s co-star from the sitcom reacted to the news. Sachin Shroff who essayed the role of Taarak Mehta, told HT City, “I got to know on Saturday morning only. Though I have not worked with him on this show, the team is definitely helping the family and in touch with the agencies, it is quite disturbing."

Amit Shah on Saturday said people must not make the mistake of voting for "urban Naxals" and asserted that the Congress and Aam Aadmi Party were «anti-tribals». Addressing a rally in Gujarat's Bharuch Lok Sabha constituency, where the AAP has fielded a candidate as part of its alliance with the Congress, he urged the people to vote for BJP's sitting MP Mansukh Vasava. «You will never get a public representative like Manuskh Vasava. If you make a mistake, then some urban Naxal will take his place (as MP) and destroy this tribal region,» Shah said. Mansukh Vasava is pitted against the AAP's sitting MLA Chaitar Vasava in Bharuch, which is part of south Gujarat that has a sizable presence of tribals. «The Congress and AAP have come together to loot people. I have no hesitation in saying the Congress is an anti-tribal party and AAP will exploit tribals after getting their votes,» Shah asserted.

Indiabulls Real Estate Ltd (IBREL) has posted widening of consolidated net loss at Rs 1,038.65 crore for the last fiscal year. Its net loss stood at Rs 608.38 crore in 2022-23. Total income also fell to Rs 468.75 crore during 2023-24 from Rs 648.47 crore in the preceding year, according to a regulatory filing on Friday.

Delhi HC to hear plea seeking disqualification of PM Modi from elections for six years: What's the case against him? As reported by Hindustan Times citing senior officials national capital goes to polls on a Saturday has raised "concerns". Given that May 23 (Thursday) is a gazetted holiday for Buddha Purnima and May 26 is a Sunday, officials are concerned that many people might take May 24 (Friday) off to create an extended long weekend.

Gurucharan Singh, renowned for his portrayal of Sodhi in the hit series 'Taarak Mehta Ka Ooltah Chashmah,' has gone missing. DCP South-west Rohit Meena revealed that the actor's family has lodged a complaint in this regard. According to the complaint, the actor left for Mumbai on April 22 at 8:30 pm. He has been missing since then.

GIN & TONIC LEMON TART Recipe by sous chef Mozanne Karbhari, ITC Grand Central, Mumbai Makes 15 Ingredients For the pastry crust 300g flour 100g butter 160g icing sugar 2 eggs One and a half tbsp chilled tonic water For the lemon curd filling 200g sugar 200g butter Juice of 4 lemons 12 egg yolks 3 tbsp gin Topping 3 tsp candied lemon zest, chopped Method Make the pastry by creaming the butter and sugar until light and fluffy. Add the eggs and tonic water gradually together until fully incorporated. Add the flour and mix to make a smooth dough.

Weather update today: IMD issues red alert for heatwave in THESE states The News Himachal reported that rainfall will occur in several districts of Himachal Pradesh till April 30. The weather monitoring agency also predicted hailstorms in Shimla, Solan, Kullu, Sirmaur, Chamba, Kangra, Bilaspur, and Mandi districts in the coming days.

Yes Bank Results Live Updates: Shares of YES Bank Ltd were trading green in the trading session on April 26, in anticipation of its upcoming earnings release. The private sector bank is set to announce its results for the quarter and the financial year that concluded on March 31, 2024, on Saturday, April 27.A special CBI court in Mumbai that granted bail to Yes Bank founder Rana Kapoor in a fraud case has observed that any further incarceration without trial would amount to a "pre-trial conviction" of the banker on April 20.

PTI reported citing sources within the Delhi Police. Singh has played the famous character of Roshan Singh Sodhi.

Severe heatwave alert! IMD issues fresh warning, predicts 2024 will emerge as the hottest year on record The weather department has also issued a heatwave alert for Maharashtra's Thane, Raigad districts and parts of Mumbai from April 27 to 29. The temperatures are likely to peak on April 27 and 28.

pilot of Singapore Airlines. The man is said to be a 24-year-old youth from Gautam Budh Nagar, Uttar Pradesh. He was booked for posing as a pilot with Singapore Airlines in front of CISF personnel. The CISF is in charge of airport security across the country.

mutual funds are now beginning to show early signs of a possible reversal in March when an outflow of Rs 94.17 crore was seen for the first time in 31 months. Largecap funds, on the other hand, are back in vogue as investors poured in Rs 2,127 crore last month after pulling out Rs 2,741 crore in the last 11 months. The total assets under management (AUM) of largecap funds has now surged to Rs 3.14 lakh crore, the second highest in equity category after flexicap funds. Does the on-going volatility in the mid and small cap funds and the outflows from small cap funds in March indicate that large cap funds will gain more popularity from the investors?

₹100-crore club today. As per industry tracker Sacnilk's estimates, the Ali Abbas Zafar directorial minted ₹58.54 crore net during its fifteen-day run in theatres. On Thursday, April 25, the film raked in ₹84 lakh net.

Vedanta by the end of May, a senior executive at the natural resources conglomerate told ET. «Right now, the file is with Sebi. The important step that remains is securing the lenders' approval,» group chief financial officer Ajay Goel said. Mumbai-listed Vedanta had announced a demerger in September last year. It intends to form six companies, each of which will house its different businesses — aluminium, power, oil and gas, base metals and steel. Goel reiterated that the demerger is on track to be concluded by the end of the calendar year.

Essel Group entities Primcomm Media Distribution Ventures Ltd and Essel Homes Pvt Ltd under the Corporate Insolvency Resolution Process (CIRP) after Gnex Realtech Pvt Ltd, an affiliate entity, defaulted on its dues of Rs 260 crore where these companies provided corporate guarantee. The Mumbai bench of the National Company Law Tribunal (NCLT), in applications filed by Indiabulls Housing Finance Ltd, also appointed Ravi Prakash Ganti as interim resolution professional (IRP) for these companies.

Job creation: During a press conference, Thackeray said the financial city, which he claimed was “moved to Gujarat", will be built in Mumbai. He said the move will enable employment opportunities in the state as people from the state then won’t have to migrate.

MUMBAI : Two Essel Group entities face bankruptcy proceedings for allegedly defaulting on repayments adding up to ₹520 crore. The National Company Law Tribunal on Thursday admitted Essel Homes Pvt. Ltd and Primcomm Media Distribution Ventures Ltd into insolvency for failing to repay ₹260 crore each.

Mumbai, April 24, 2024 - So many organizations have jumped on the generative AI (GenAI) bandwagon in the last year, but are those efforts delivering results yet? If the organization uses the SAS® Viya® data and AI platform, the answer is a resounding yes. Infused with large language model (LLM) orchestration strength, SAS Viya is already helping customers accelerate efficiency and productivity.

In 2023, the real estate sector showed resilience amid changing trends. Global economic recovery drove up demand for residential properties in India, thanks to low interest rates and a preference for smart living and luxurious ownerships. With India's status as one of the world's fastest-growing economies propelled by private spending and capital buildup, the real estate sector remains a top investment choice. 

Provident Housing, a wholly-owned subsidiary of realty developer Puravankara has raised Rs 1,150 crore from HDFC Capital Advisors, the real estate private equity arm of HDFC Group, to support future growth and expansion plans. This strategic collaboration between the developer and India’s largest residential investment platform, is expected to lead to an addition of 6.2 million sq ft of new projects to the ongoing 14.8 million sq ft. This combined portfolio will hold a gross development value of Rs 17,100 crores, which will be delivered over the next five to six years.