City Mumbai Financial News

MUMBAI : Rich and retail investors have turned bearish on index futures, the first time in nearly three months, indicating stocks trading at record levels may be close to a peak for now as tensions rise in West Asia. On Wednesday, when the Nifty kissed a fresh high of 22775.70 points, retail and high networth individual investors (HNIs) initiated cumulative bearish bets on these index futures contracts, showed data from NSE, which groups both under the 'Client' category. The category turned cumulative net sellers of 16,088 Nifty and Bank Nifty futures contracts, marking a shift 84 days after remaining net buyers of these contracts.

Jasprit Bumrah delivered a stellar performance against Royal Challengers Bangalore at Wankhede Stadium, Mumbai, clinching impressive figures of 5/21 on Thursday. Bumrah's exceptional display saw him on the verge of a hat-trick, boosting him to the top of the purple-cap leaderboard, tied with Yuzvendra Chahal at 10 wickets each. His five-wicket haul created history in the IPL, marking him as the first bowler to achieve this milestone against RCB. Bumrah also set a new record of 29 wickets against RCB, surpassing Ravindra Jadeja and Sandeep Sharma's previous records of 26 wickets. He now joined a select group of bowlers, including James Faulkner, Jaydev Unadkat, and Bhuvneshwar Kumar, to have secured two five-wicket hauls in IPL history. Opted to bowl first, MI started the match on a good note as Gerald Coetzee started off his spell impressively on a pitch that favours the pacers. Despite the last-ball six, both Faf du Plessis and Virat Kohli have opted to see through the majority of Coetzee's first over.

Tata Steel workers based at two plants in Wales voted in favour of industrial action on Thursday over the company's plan to close its blast furnaces and shed 2,800 jobs. The Mumbai-headquartered steel major said it was «disappointed» over the move while consultation continues and pointed to «significant irregularities» in the ballot process in favour of strikes. While the company says its restructuring plans were important to sustain the business as it transforms to new electric technology, Unite the Union said its workers from the Port Talbot and Newport Llanwern plants had voted against the «disastrous» plans because they did not agree with the approach. «We are naturally disappointed that while consultation continues, Unite Union members at Port Talbot and Llanwern have indicated that they would be prepared to take industrial action up to and including strike action if an agreement cannot be reached on a way forward for the business and its employees,» a Tata Steel spokesperson said.

King Khan stepped out onto the balcony of Mannat, radiating elegance and charm despite the scorching Mumbai heat. Accompanied by his son Abram, who donned a matching white kurta-pyjama ensemble, the father-son duo captured the hearts of onlookers as they waved and blew kisses to the throngs of adoring fans gathered outside. Last year's Eid saw a similar spectacle as Khan graciously emerged onto the balcony of Mannat, delighting fans with his presence and heartfelt greetings.

MUMBAI : Non-bank lenders are struggling through a spike in borrowing costs as banks have become cautious in lending to them following a regulatory warning, forcing these companies to diversify their money sources. Large deposit-taking non-banking finance companies such as Bajaj Finance and Shriram Finance Ltd, for instance, hiked their fixed deposit rates sharply this month, hoping to shore up funds that can make up for lower bank borrowings. Non-bank lenders that depend on banks for a significant portion of their borrowings are now turning to other more expensive options for funds, including deposits and bonds.

Munawwar Faruqui was recently attacked… with eggs! A video that shows a distressed Faruqui, losing his cool, after a restaurant owner pelts eggs at him has gone viral on social media. The video was shared on Instagram by paparazzo Viral Bhayani. Faruqui had visited the restaurant to celebrate Iftar. In the video, a security guard is shown to be holding him back as he looks ready to throw hands at the culprits. The eatery is located at Mumbai’s Mohammed Ali Road. According to reports, an FIR has been filed against the owner and his staff for the misdeed. A Times Of India report claimed that despite agreeing to come to the restaurant for Iftar, the ‘Lock Upp’ winner had visited another eatery, thereby causing the owner to lose his temper.

Mumbai Congress president Varsha Gaikwad on Thursday said the party's Maharashtra leadership should have pursued equal seat-sharing among the three Maha Vikas Aghadi (MVA) allies for the Lok Sabha polls to ensure a better deal in the metropolis. There are six Lok Sabha seats in Mumbai — Mumbai North, Mumbai North-Central, which have been allotted to the Congress in the seat sharing deal, while four others — Mumbai South, Mumbai South-Central, Mumbai North-East and Mumbai North-West went to the Shiv Sena (UBT). The MVA coalition in Maharashtra announced its seat-sharing arrangement for the Lok Sabha elections on Tuesday with the Shiv Sena (UBT) securing a substantial portion with 21 seats, while the Congress will contest 17 seats, and the NCP (SP) 10 seats. Talking to reporters here, Gaikwad said, «Earlier, Congress used to contest five seats in Mumbai, leaving only Mumbai North-East to the undivided Nationalist Congress Party (NCP). So we were demanding equal seat-sharing this time.»

₹95 lakh. Can I claim a long-term capital gains exemption for all three properties by investing the capital gains in a single residential house property? Section 54 provides for exemption from long-term capital gains from the sale of a residential house if you invest the indexed long-term capital gains in one residential house within the prescribed period.

GT vs RR IPL 2024: Rajasthan Royals skipper Sanju Samson fined ₹12 lakh for Code of Conduct breach Outlining the strategy behind the successful run chase on Thursday, Gill said, “We were targeting 45 in three overs and that is very much gettable. Fifteen runs per over you just need two hits in the over and that was the mindset at that time.

Nizamuddin Market were adorned with bright lights, creating a festive atmosphere. The iconic Jama Masjid also saw a large congregation offering prayers on this auspicious occasion. Delhi's Eid Celebrations: The iconic dome of the Nizamuddin Dargah glowed with bright yellow lights, welcoming visitors for the Eid celebrations. Crowds thronged the markets, purchasing sweets, clothes, and essentials while exchanging greetings. Security measures were intensified in the national capital, with thorough checks conducted by the police to ensure a safe and peaceful celebration. Barricades were set up to manage the expected influx of visitors to the dargah.

IITs) at Delhi, Bombay (Mumbai), Kanpur, Madras (Chennai), Kharagpur, Roorkee, Guwahati and Varanasi (BHU), the struggle to place students in a challenging environment hasn't gotten any easier. The schools are going all out to get more recruiters to campuses. The placement season ends in May-June for the IITs. Two of the top schools — IIT Bombay and IIT Delhi — have provided official placement data to ET. At IIT Bombay, the top choice for those who clear the entrance exam process, 33% of the 1,973 students participating in placements were yet to get jobs as of April 4. The older IITs are typically regarded by candidates as the most desirable. Apart from the eight older ones, India has 15 other IITs set up since 2008. IT-BHU became IIT-BHU (Varanasi) in 2012 by an act of Parliament.

MUMBAI : Warburg Pincus has picked up a stake in Chennai-based Appasamy Associates Pvt. Ltd., a manufacturer of ophthalmic equipment and devices, in what is the US-based private equity firm's largest investment in the healthcare sector in India, a statement released by the two firms said. Though the firms did not disclose the financial details of the deal, people with knowledge of the matter said that Warburg has acquired around 65% stake in the company for nearly $300 million.

₹8,000 crore to Anil Ambani's firm. A special bench headed by Chief Justice D Y Chandrachud on Wednesday held that the top court erred in setting aside the Delhi High Court verdict. The top court said that the DMRC was not obliged to pay over ₹8,000 crore to the Delhi Airport Metro Express Private Ltd (DAMEPL)--a subsidiary of Anil Ambani's Reliance Infrastructure firm.

Holani Venture Capital Fund to capitalize on investment opportunities within the SME sector. The company's focused approach and deep understanding of the SME landscape enable it to identify promising businesses with high growth potential in SME segment The fund to contribute to the growth of the SME ecosystem. Mumbai (Maharashtra) [India], April 9: Holani Venture Capital Fund, a fund promoted by a renowned name in the investing realm, The Holani Group, has received a communique from the Securities and Exchange Board of India (SEBI) for registration of its Alternate Investment Fund, enabling it to operate as a Equity Fund house. This landmark communication marks a significant milestone for the Holani Group, signaling its foray into the realm of fund management and investment.

₹2,043 crore from a year earlier, as per the company's latest filings sourced from Tofler. Fractal Analytics reported a profit of ₹194 crore in FY23 from a loss of ₹148 crore a year earlier. It benefited from an exceptional item gain from the loss of control of a subsidiary company, as per the company's filings.

Mumbai Congress chief Sanjay Nirupam on Wednesday said his old party will be out at zero in the coming Lok Sabha elections. In a post on social media platform X, Nirupam said, “In the 2014 Lok Sabha elections, Congress won two seats in Maharashtra. In 2019, the party won one seat. This time, Ubatha has given Congress seats like alms. According to this calculation, Congress will be out at zero in 2024.” “That's why many leaders have become non-reachable by mobile. After June 4, they will all start hiding. Foreign trips on a large scale may also be arranged,” he added in his post.

₹120 apiece of face value of ₹10 each. Grill Splendour Services IPO will commence subscription from Monday, April 15, and end on Thursday, April 18. Grill Splendour Services Ltd IPO lot size consists of 1,200 shares.

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

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

Maharashtra Navnirman Sena has announced support for NDA in the forthcoming Lok Sabha elections. MNS would unconditionally support NDA, for Prime Minister Narendra Modi's sake, party president Raj Thackeray said during a rally in Mumbai's Shivaji Park on Tuesday. «The country needs strong leadership. I told them I don't have any expectations; for Narendra Modi, I am extending unconditional support for BJP, Shiv Sena, NCP,» Thackeray said. «The Maharashtra chief minister has been telling me for a year or so that we should come together. Fadnavis also said the same thing. I didn't understand what it meant. So, I met home minister Amit Shah… I have told Fadnavis that I don't want any LS seat or Rajya Sabha seat, but I want a strong leadership for the country to resolve issues,» Thackeray said.

MUMBAI : To capitalize on the country’s rising equity investment trend, especially through mutual funds, IndusInd International Holdings Ltd. (IIHL), a Mauritius-based investment firm led by the Hinduja brothers, said on Tuesday it has entered into an asset management joint venture with Atlanta-based fund management group Invesco Ltd.