City Mumbai Financial News

27.01 / 17:35

markets COST Provident CEO Chevron cover reports ONGC reaches out to Shell, ExxonMobil, TotalEnergies, Chevron, others for production enhancement in western offshore

Subscribe to enjoy similar stories. New Delhi: State-run Oil and Natural Gas Corp. (ONGC) has reached out to as many as 10 global energy players to participate in its tender for the role of technical services provider (TSP) to enhance production in its western offshore fields, Pankaj Kumar, director (production) at ONGC, said to mediapersons on the sidelines of India Energy Week.

27.01 / 14:51

markets UPS Manufacturing Trade Experts country Destinations India-EU FTA: Carbon tax relief may open EU market for Indian steel

Subscribe to enjoy similar stories. MUMBAI : The free trade agreement (FTA) between India and the European Union (EU) promises preferential treatment for Indian industries under the bloc’s carbon tax mechanism, potentially opening up export opportunities for domestic steelmakers, which remain largely focused on the local market.

27.01 / 13:47

markets UPS Trade Experts show EU-India FTA: India's finished jewellery set for a big win in Europe

Subscribe to enjoy similar stories. MUMBAI : The European Union’s (EU) decision to scrap import duties on Indian gems and jewellery could partly offset the impact of steep US tariffs, according to experts. The EU currently levies import duties of 2.5-4% on finished jewellery—studded, plain, and imitation—from India, which will be eliminated under the India-EU free trade agreement (FTA) announced on Tuesday.

27.01 / 08:09

Provident security Deloitte band show Colleges Destinations The second shift: How Gen Z is building wealth after office hours

Subscribe to enjoy similar stories. As ‘thank God it’s Friday’s resounds across offices, Stephen Fernandes is packing away his laptop after a long day. His day as a DevOps engineer may be done, but his day as a sound engineer is only getting started as he heads into sound check and rehearsals for a local band in Mumbai.

27.01 / 05:35

markets Digital Platform Strategy Sustainability Food reports As premium personal care booms, ITC stays measured on acquisitions

Subscribe to enjoy similar stories. MUMBAI : As India’s personal care market gets increasingly crowded and legacy fast-moving consumer goods (FMCG) firms rush to buy venture capital-backed brands, ITC Ltd is deliberately slowing down and staying guarded on acquisitions, Sameer Satpathy, divisional chief executive of ITC’s personal care products business, told Mint in a conversation. ITC’s older personal care acquisitions including Savlon, bought in 2015, and Nimyle, bought in 2018, have grown to six to seven times their original size, Satpathy said.

27.01 / 05:17

markets UPS Strategy Cycling stage country reports Foundation PE looks to ramp up India bets as secondary market gains momentum

Subscribe to enjoy similar stories. MUMBAI: Foundation Private Equity expects to step up investments in India after deploying about 60% of its maiden $120 million fund in the country, according to top executives at the firm, citing a growing need for liquidity among private equity and venture capital firms.

27.01 / 01:13

markets UPS Digital hospital testing rights Govt planning ATMs that will dispense small notes and coins

Subscribe to enjoy similar stories. NEW DELHI : The Centre is exploring multiple ways to make small-denomination currency notes more widely available, in a move to address a persistent shortage that has plagued everyday cash transactions nearly a decade after demonetization.

27.01 / 01:13

markets UPS show country reports Courts Adani Power’s India grid plan gains urgency amid Bangladesh tariff row

Subscribe to enjoy similar stories. MUMBAI : A timely connectivity to the Indian power grid could help Adani Power Ltd offset some of the potential risks to its financials if its $1-billion-a-year power supply deal with Bangladesh sours, after India’s eastern neighbour accused the Ahmedabad-based conglomerate of charging above-market rates. A committee set up by Bangladesh’s interim government to review power supply deals signed under the now-ousted Sheikh Hasina regime has accused Adani Power of exporting electricity priced about 50% above market rates.

27.01 / 01:13

markets UPS Target security Analysis Experts reports No more fireworks for markets—Budget Day 'big bang' loses its spark amid year-round reforms

Subscribe to enjoy similar stories. MUMBAI : The Union Budget, once the single biggest policy trigger for Indian stock markets, has increasingly become a non-event in recent years. But the muted reaction on Budget Day reflects a deeper shift.

26.01 / 15:39

markets UPS Waters Experts Courts International Lodha's maiden Bengaluru project runs into legal hurdle

Subscribe to enjoy similar stories. Bengaluru: Mumbai’s Lodha Developers Ltd's maiden Bengaluru project has run into a legal tussle with a group of residents over the development of high-end residential towers. In June 2022, Lodha entered the Bengaluru market and signed its first joint development agreement, acquiring a 100% equity stake in G Corp Homes Pvt Ltd for a residential project.

26.01 / 12:09

markets Football country Olympics Courts cricket Sporting Inside India’s big sports power shift and what it means for cricket and beyond

Subscribe to enjoy similar stories. Mumbai: The conference room in New Delhi was unremarkable. No television cameras, no press gallery, no fanfare.

26.01 / 01:35

COST Citi Booking wellness Trade reports DLF hits 52-week low as Q3 pre-sales slump overshadows strong cash flows

Subscribe to enjoy similar stories. DLF Ltd’s stock closed 4% lower on Friday, also sliding to a new 52-week low of ₹586.65 during trading hours. The sharp drop in the December quarter (Q3FY26) pre-sales disappointed investors.

25.01 / 15:17

markets CEO Platform Healthcare country reports International Moelis India CEO Girotra sees private credit surging, bets on AI and data centre deals

Subscribe to enjoy similar stories. India is seeing a surge in private credit, and its flexibility compared to traditional bank loans is fuelling higher risk appetite in the country's deals environment, according to a top executive at a global investment bank. "India's private credit market is booming," Manisha Girotra, chief executive of Moelis India, told Mint.

25.01 / 10:27

markets UPS Booking economy Research pandemic Andy Mukherjee: India’s property development market faces hard times as sales peak and funds run thin

Subscribe to enjoy similar stories. With markets from Tokyo to New York on edge this week, the warning sign flashing around a large Mumbai builder didn’t get much attention. But Indian investors were keeping a close eye.

25.01 / 09:07

COST UPS Target FIVE security reports JSW Steel sharpens expansion roadmap, eyes 56 mtpa capacity by FY31

Subscribe to enjoy similar stories. MUMBAI: JSW Steel, India’s largest steelmaker by capacity, is accelerating its expansion plans and now expects to reach around 56 million tonnes per annum (mtpa) by FY31, overshooting its earlier guidance of 50 mtpa, according to the company’s top executive. The higher target comes as the company emerges from a period of weak steel prices and margin pressure, even as it steps up efforts to secure raw materials and looks for early signs of a recovery in demand.

25.01 / 09:07

Election Food film Actor show performer country Manu Joseph: Why one may choose not to vote—and why this choice needn’t be a moral failure

Subscribe to enjoy similar stories. One way or another, the central message of all annoying people is ‘why can’t you be like me?’ I cannot think of a more foolish use of human speech. Often this message is conveyed as an insult to those who do not perform some sacred thing that is dear to the pontificator.

25.01 / 01:53

Citi Digital Mobile Food country Features Videos India warms up to AI virtual pets as companionship goes digital

Subscribe to enjoy similar stories. NEW DELHI : In 2024, Indrani Sen, a Mumbai-based food blogger, was distressed by the growing distance with her then 16-year-old daughter. The digital-savvy 47-year-old found the solution in Pengu—a mobile app she installed on both their phones that let them raise an artificial intelligence (AI) pet penguin together.

24.01 / 06:37

Aware SEC security Justice show Courts US bribery case: Adani makes first legal submission, asks court to defer ruling

Subscribe to enjoy similar stories. MUMBAI , BENGALURU : Adani Group chairperson Gautam Adani's counsel on 23 January made their first submission in a US court 14 months after the Securities and Exchange Commission (SEC) filed a bribery and securities fraud case against the Indian billionaire and his nephew.

23.01 / 15:19

markets UPS Provident security reports RBI announces third tranche of stimulus ahead of MPC as rupee hits new low

Subscribe to enjoy similar stories. MUMBAI : Amid persistent tightness in liquidity conditions, the Reserve Bank of India (RBI) today announced its third tranche of open market operations (OMOs) for the purchase of government securities worth ₹1 trillion and dollar-rupee buy/sell swaps of $10 billion, to be conducted in February. The central bank will purchase government securities worth ₹50,000 crore each on 5 February and 12 February, whereas it will auction dollar/rupee swaps of three years on 4 February, it said in a release.

23.01 / 05:09

markets UPS Healthcare Linux reports Pharmaceuticals Tata Capital Healthcare-backed Linux Laboratories hires Avendus as banker to raise up to $70 million

Subscribe to enjoy similar stories. Mumbai: Tata Capital Healthcare Fund-backed Linux Laboratories, which is focused on central nervous system (CNS)-based domestic formulations, has appointed Avendus as an adviser to facilitate a capital raise, two people familiar with the matter said. The Chennai-based company aims to raise $50-70 million to fund its expansion plans through organic and inorganic growth, double down on its existing categories and widen its footprint beyond India, the people said on the condition of anonymity.

22.01 / 08:45

COST UPS Booking Research reports Banks want to revive an old ally as margins shrink and asset quality holds

Subscribe to enjoy similar stories. MUMBAI: India’s banks are cautiously reopening the tap on unsecured lending, driven by margin pressure from policy rate cuts and as risks look largely under control. The shift follows a period of restrained growth following a regulatory clampdown in November 2023, when tighter rules forced lenders to rein in fast-growing personal loans and credit cards.

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