City Mumbai Financial News

Mumbai plunged into darkness for a second consecutive day on late Friday evening following a snag, electricity officials said. The snag was caused at a 33 kilovolt (kv) feeder of city power discom Brihanmumbai Electric Supply and Transport (BEST) undertaking near Crawford Market, they said.

Kangana Ranaut, Bharatiya Janata Party candidate from Himachal Pradesh's Mandi on Friday said that people of Mandi should give a befitting reply to Rahul Gandhi over his 'Shakti' remarks, adding that «how can he say such things in a Hindu Rashtra». Questioning who has been writing his speeches, Kangana Ranaut said, «Rahul Gandhi says he wants to destroy 'Shakti'. Who writes such speeches for him? How can Rahul Gandhi say such kind of things in Hindu Rashtra? I want the people of Mandi to give an answer to those who have spoken indecently about women. The people of India have always blessed me.» The 'Shakti' remarks row erupted earlier this month following Gandhi's remarks during the campaign conclusion speech in Mumbai's Shivaji Ground.

SaaS startups rework pricing models amid shrinking budgets Among the business models, KYC software received the highest funding at $107 million between January and 15 March, followed by hyperlocal delivery app at $100 million. Fintech received $429 million in funding, marking a 48% growth from the last quarter's $289 million.

Bambrew, a cleantech startup operating in the sustainable packaging space, on Friday said it has raised Rs 60 crore (about $7 million) in Series A funding round led by Blume Ventures. The funding was a mix of equity and debt. The equity element totalled to about Rs 30 crore, a company spokesperson told ET.

Social media personality Orhan Awatramani, known as Orry, is embroiled in a controversy with content creator Ruchika Lohiya after she accused him of refusing to shake her hand at a Mumbai event. The incident has sparked a heated exchange between the two, with Orry threatening legal action against Lohiya for defamation.

Bollywood Life, “will name the bungalow", a ₹250 crore property, in their daughter Raha Kapoor's name, making her the youngest and wealthiest child in Bollywood. Late veteran actor Raj Kapoor and his wife Krishna Raj owned the bungalow. Ranbir Kapoor will inherit this ancestral property being the only grandson in the Kapoor family.

Real estate consultant Cushman & Wakefield on Friday released the data for launches of residential properties in the primary (first sale) of eight major cities. New supply has increased in Bengaluru and Mumbai but declined in Delhi-NCR, Chennai, Hyderabad, Pune, Kolkata, and Ahmedabad. Out of the total launches of residential properties in this quarter, the high-end and luxury segment had a 34 per cent share.

Kalyan has been unraveled with the capture of a thief on a passenger's phone. The incident occurred when the thief, identified as Akash Jadhav, attempted to snatch a passenger's phone while he was filming a selfie video on a moving train. The passenger, Zahid Zaidi, managed to capture the face of the thief on his phone as he tried to grab it. Seeking assistance, Mr. Zaidi shared the video on social media, leading to the attention of the Kalyan Railway Police who promptly made an arrest. Railway police officer Pandharinath Kande stated, «On Tuesday, we arrested a suspect who had prior cases registered against him in Thane. We recovered a second mobile phone from him.» Further investigation revealed that the phone belonged to Prabhas Bhange, a Pune resident who tragically lost his life after falling from a train at Vitthalwadi railway station.

Akasa Air has commenced its international operations with its inaugural overseas flight departing from Mumbai to Doha, Qatar. In a statement on Thursday, the airline said it has been granted traffic rights for three other international destinations — Kuwait, Jeddah, and Riyadh. Akasa will be rapidly expanding its global footprint in the coming months, the statement said. Further, the airline said with its conveniently timed flight schedule, travellers from other domestic cities such as Ahmedabad, Goa, Varanasi, Lucknow, Bengaluru, Kochi, and Delhi will also have multiple connecting options for travel to and from Doha via Mumbai.

Piyush Goyal, Commerce & Industry Minister, in conversation with Navika Kumar of ET Now at the Times Now Summit 2024. Goyal says: “This is an election where national issues and India's future assume the centrestage and not the local issues of the MLAs or of the corporators. It is that recognition that you have to get amongst the voters and I think then you are home and through.” You have moved from Cabinet to candidate. You are set to make a poll debut and will be fighting from Mumbai North in the general elections. How much has life changed for you? Piyush Goyal: What do you mean by “from cabinet to candidate”? I continue to be in the cabinet.

MUMBAI : Top consulting companies are poaching from rival firms for newer skills and experienced hands, even as they lose some of their own bright minds to competitors. At a time of rising opportunities in artificial intelligence to business transformation and risk to digital advisory, a number of global consulting bluechips in India have seen top partners switch jobs and take up new roles.

MUMBAI : TPG-backed online lending platform Fibe, formerly EarlySalary, is looking to secure a new funding round, comprising both primary and secondary capital, said three people in the know. TR Capital, a global fund specializing in secondary investments, is expected to lead the round, acquiring full or partial stakes from the company's existing investors, the people added, seeking anonymity. “The round is likely to be a secondary transaction.

The Thriving Global Market for Used Cars Among the car models, the Renault Kwid, Grand-i10, and Baleno emerged favourite among women buyers aged between 30-40 years. "'Lady Luck' promotion, offered during the month of March, featured exclusive discounts of up to ₹25,000 on car purchases.

Uddhav Balasaheb Thackeray Sena faction on Thursday bluntly told the Congress party that if it wants to harbor ambitions of it leading the country and its party leader becoming the Prime Minister of the country then it should let the UBT have the Sangli Lok Sabha seat. “Congress is a big party, we believe that the Congress is to lead the country, we (UBT) don’t want to lead it. We want the Prime Minister of the country to be from the Congress party. For just one seat (Sangli) are you ready to lose the Prime Minister’s post, they (Congress) should think it over.”said UBT Rajya Sabha MP Sanjay Raut. Referring to threats of the local leadership of Sangli announcing that they would not be working for the UBT candidate, Raut warned, “ If someone is talking of a boycott then it is very dangerous for the Maha Vikas Aghadi alliance, if the same situation happens in other constituencies in the state then who would be responsible.”

Madgaon Express Box Office Collection Day 6: Madgaon Express, starring Pratik Gandhi, Divyendu Sharma, Avinash Tiwary, Nora Fatehi and Upendra Limaye in lead roles, witnessed a drop in daily collection on Day 6 by 13.79%. According to film industry tracker Sacnilk, the film collected ₹12.35 crore net during its six-day run in theatres. The film which was released on March 22, Friday, managed to rake in ₹1.25 crore net on its sixth day.

The price change in 24 carat gold in the last one week has been -0.2% .whereas in the last month it has been -5.67%. The cost of silver is Rs.77100.0 per kg down by Rs.300.0 per kg. Gold Rate Today in Delhi is ₹68572.0/10 grams.

Shiv Sena (UBT) left Congress seething on Wednesday after it announced its first list of 17 candidates for the Lok Sabha polls, with the ally saying talks were still on for Sangli and three Mumbai constituencies. The Uddhav Thackeray-led party has named wrestler Chandrahar Patil for Sangli, Anil Desai for Mumbai South Central, Sanjay Dina Patil for Mumbai North East and Amol Kirtikar for Mumbai North West seats. Congress Legislature Party leader Balasaheb Thorat and Leader of Opposition in Maharashtra assembly Vijay Wadettiwar asked their MVA partner to reconsider its decision, stressing that it did not suit "coalition dharma".

MUMBAI : Automobile portal CarDekho is navigating a new round of funding that is likely to raise its valuation marginally, as it steers towards a public listing over the next 18-24 months, according to three people aware of the development. The company is in talks with investors to raise $100-150 million in a largely secondary round where early investors will clock in full or partial exits, the people said.

MUMBAI : Gopika Gopakumar [email protected] mumbai The Reserve Bank of India (RBI) on Wednesday tweaked rules governing investments in alternative investment funds (AIFs), offering some relief for lenders forced to make large provisions, and investors suddenly facing a drought of capital. In December, RBI ordered banks and non-bank lenders to sell their investments in AIFs, which had further invested in companies to which the lenders had given loans in the previous 12 months; otherwise, they had to make 100% provisions against them.

Nitin Gadkari today said that the government is ending toll and the new satellite based toll collection system will be introduced soon. «Now we are ending toll and there will be a satellite base toll collection system. Money will be deducted from your bank account and the amount of road you cover will be charged accordingly. Through this time and money can be saved. Earlier, it used to take 9 hours to travel from Mumbai to Pune, now it is reduced to 2 hours,» Nitin Gadkari told ANI. Discussing the Bharatmala Pariyojana, which aims to develop approximately 26,000 km of economic corridors, Nitin Gadkari emphasized their significance alongside the Golden Quadrilateral (GQ) and North-South and East-West (NS-EW) corridors in handling the bulk of freight traffic on roads. He expressed confidence that the project will revolutionize the nation's future by 2024. Gadkari articulated his ambition to elevate India's National Highway road network to the standard of America, expressing assurance in his ability to achieve this goal.

MUMBAI : Bengaluru: India's ice cream sector may attract more investments in the coming years as rising demand and easier access through quick commerce platforms have made dessert consumption less seasonal, experts and investors told Mint. Some recent deals in the space include Jungle Ventures's $20 million investment in Walko Food, which houses ice cream brands such as NIC and Grameen Kulfi, and Kedaara Capital's $150 million infusion into Dairy Classic Ice Creams Pvt Ltd (Dairy Day).