City Mumbai Financial News

PTI. “The ship was sailing to Singapore from Indonesia. We got a call on Friday night from the shipping company's Mumbai office, saying our kid had vanished while he was on board.

MUMBAI : India hasn’t yet produced a social media giant, yet investors continue to pump in money. The hope now lies in Indian startups’ ability to leverage artificial intelligence (AI) to build a bumper app. Since the beginning of this year, five startups with AI-driven social products have received cumulative funding of $27.8 million in seed and Series A rounds in addition to one undisclosed round, according to data from research platform Tracxn.

₹13,783 crores, up 11% over the year ago. Profit jumped 30% to ₹1,320 crore, according to its annual filings. In December 2019, TCPL’s shares were trading at about ₹318 apiece.

Ramsay Brothers’ films were stuff straight from nightmares for several generations! Today these movies may appear outdated, over-the-top, and slightly kitsch, but over the years, these movies have attained cult status. Gangu Ramsay, one of the seven Ramsay Brothers, the pioneers of the horror genre in India, breathed his last on Sunday. He was 83. The veteran cinematographer-director, who was associated with several horror classics such as ‘Purani Haveli’, ‘Tekhana’ etc, was admitted to the Kokilaben Hospital, Mumbai after he complained of some health issues. “With profound sadness, we announce the passing of one of the Ramsay Brothers, the legendary cinematographer, filmmaker, producer, and the second eldest son of F.U. Ramsay, Gangu Ramsay. He departed from us early this morning at 8 am, at the age of 83, after battling health issues for the past month. He was admitted to Kokilaben Hospital," the family said in a statement.” His last rites took place at the Oshiwara Crematorium at 2:00 pm.

The area of project in Khavda is five times the size of Paris and almost as large as Mumbai. The project was started in December 2022 and the first production was made on December 31, 2023. Adani Green Energy Limited will invest about Rs 1.5 lakh crore and Adani group will invest about Rs 2.3 lakh crore in renewable energy and manufacturing capacity by 2030. The project at Khavda is Hybrid renewable energy cluster where during the morning hours, solar energy is generated and during the evening hours wind generation is generated. It has operationalised capacity of 2,000 MW solar energy.

gold in the last one week has been -3.79% .whereas in the last month it has been -7.35%. The cost of silver is Rs.81700.0 per kg Gold Rate Today in Delhi is ₹71419.0/10 grams. Yesterday’s Gold Rate on 06-04-2024 was ₹72209.0/10 grams.

MUMBAI : Sellers made a beeline for the Jio Financial Services Ltd (JFSL) counter, dragging down the stock to the lower circuit for a third straight day. A total of 42.89 lakh shares were traded on the National Stock Exchange while 3.79 lakh shares changed hands on the BSE. The stock plunged 5% to ₹224.65 on the NSE and to ₹227.25 on the BSE.

Mumbai: Mirae Asset Financial Services (India) has inked a pact with FundsIndia to provide loans against securities on the FundsIndia platform through an entirely digital process.

Bulgari’s jewellery and watches have been lapped up by Indians. “We recorded our best ever sales performance in India in 2023,” says Babin. According to consulting major Bain & Co, the luxury goods market, which includes personal luxury goods, jewellery, home décor, cars, boats and spirits, is now worth $17 billion in India, and is expected to be $90 billion by 2030. Out of the $17 billion market, the personal luxury goods market, which includes watches, leather, apparel and beauty, is $4 billion.

Directorate of Enforcement (ED) has attached assets worth Rs 36.66 crore of Veena Developers in a bank fraud case belonging to the accused, Rakesh Wadhawan and Sarang Wadhawan, under provisions of the Prevention of Money Laundering Act (PMLA), the agency said in a statement on Saturday. The bank fraud case involves Rakesh Wadhawan and Sarang Wadhawan, who are the promoters of Housing Development Infrastructure Ltd. (HDIL), along with other individuals associated with Mack Star Marketing Private Limited. The attached assets are in the form of commercial properties consisting of two office units measuring approximately 22,366 square feet in the Kaledonia building in Andheri (East) in Mumbai and shops situated in Veena Velocity Phase II, Diwanman in Maharashtra's Palghar.

The much-awaited milestone 15th Apollo CV Awards 2024 had the bigwigs of the commercial vehicle industry gather in Mumbai on March 28, 2024. The prestigious awards are curated by Commercial Vehicle Magazine of Next Gen Publishing Pvt. Ltd. (A Shapoorji Pallonji Group Company) with the long-standing partner of 15 years — Apollo Tyres Ltd backing it. The award ceremony was supported by Avanteum Advisors LLP and MarketsandMarkets as the Technical Partners, Mazars in India as the audit partner, and Metric Global as the research and data analytic company with Mirror Now as the telecast partner. The 2024 edition marked the business end of Financial Year 2024 (FY24) with an air of nostalgia that had stalwarts and key stakeholders of the CV industry (including Dealerships, Body Builders, Fleet Operators and Dealerships, among others) reminiscing about the editions gone by, their memorable wins over the past decade and a half as they walked past the ‘Legacy Wall’. In a grand reveal, the Mahindra Bolero MaXX Pik-up HD and the Force Urbania bagged the coveted ‘CV of the Year’ title. Girish Wagh, Executive Director at Tata Motors Ltd., bagged the ‘CV Man of the Year’. VE Commercial Vehicles Ltd. emerged as the ‘CV Maker of the Year’. The journey the industry embarked on together, and the milestones achieved as a whole by the Industry were front and centre!

5 states where Indians need special permits to visit Aman Singh, a tourist from Mumbai said, "We wanted to come for a very long time to Lakshwadeep but there were many myths associated with the island but PM Modi's visit had an impact that it is possible to go". Sumit Anand said he made the archipelago his next designation only after seeing PM Modi's photos and videos.

Co-living property operators are looking to bolster their revenue streams by collaborating with developers for build-to-suit (BTS) properties, providing short-term stays and signing hospitality partnerships in the aftermath of the Covid-19 pandemic. “The BTS properties we offer are designed in-house by a team of architects in collaboration with a panel of students to ensure that their specific needs and preferences are integrated into the design,” said Parth Soni, co-Founder of Union Living. Union Living is offering 500 beds in Mumbai and Pune. By June, its operational co-living beds are set to increase to 1,500 across nine properties in the two cities.

Purple Cap IPL 2024: The match between Sunrisers Hyderabad (SRH) and Chennai Super Kings (CSK) on April 5 saw the re-entry of Pat Cummins in the Purple Cap tally. As the Orange Cap (currently claimed by Virat Kohli) goes to the highest run-getter in the tournament, the highest wicket-taker gets the Purple Cap. Let’s take a look at who are in the Top 10 after the SRH vs CSK match.

Mint in an exclusive interaction. Secondary markets (non-metro cities) are rapidly becoming a very important market size-wise for the growth that these cities are experiencing and these airports are experiencing. "In order to allow us to use our infrastructure more efficiently, we are in talks with airlines to serve those secondary markets.

Blinkit, Albinder Dhindsa, announced on X that the firm is collaborating with Sony to distribute the recently released PlayStation 5 Slim edition game system, which was released in India on April 5. According to a press release from Blinkit, customers in Delhi NCR, Mumbai, and Bengaluru can now receive the brand-new PlayStation 5 Slim models and controllers delivered in ten minutes. Albinder Dhindsa, the CEO of Blinkit, also verified the collaboration in a post on X (previously twitter).

Sporta Technologies, which operates the fantasy sports platform Dream 11, not to take any steps towards insolvency and keep the company as a going concern. The appellate tribunal said it has already stayed the Corporate Insolvency Resolution Process (CIRP) of the company. «We only clarify that IRP is directed not to take any steps in the CIRP, however, IRP being in the place shall keep the company as a going concern,» the NCLAT said in its order.

Shiv Sena on Thursday fielded Rajashree Patil, wife of Hingoli MP Hemant Patil, from Yavatmal-Washim Lok Sabha constituency in eastern Maharashtra in place of the party's sitting MP Bhavana Gawli. In Hingoli in central Maharashtra, the party led by Chief Minister Eknath Shinde replaced sitting MP Hemant Patil, giving ticket to Baburao Kadam-Kohlikar instead.

MUMBAI : Flexible office space providers have emerged as a significant challenger to technology firms in leasing offices, as companies across sectors gradually enforce return-to-office mandates for their employees. Between January and March, flexible office space providers have already captured a significant 22% share of leasing activity, as per a report by real estate consultancy CBRE. This translates to a leased area of about 3 million sq.ft., marking a significant rise in the sector's influence.

IDBI Bank and Axis Bank challenging the Zee-Sony merger which has been called off. The appellate tribunal will decide on 15 April whether the challenges to legal sanction of the Zee-Sony merger could be heard when the merger itself has been called off. IDBI Bank and Axis Bank had urged NCLAT to defer the pending case until the National Company Law Tribunal (NCLT) decides on Zee's plea to enforce the merger.

Gold prices rise for fourth straight session, silver surges to two-year high On Monday, the Directorate of Revenue Intelligence (DRI) and Customs Department stopped 36 passengers at Lucknow's airport, travelling from Sharjah. During the frisking, the customs officials seized cigarettes worth over ₹3 crore and cash worth ₹23.90 lakh. Besides, six passengers said they also had gold with them.