City Mumbai Financial News

Mumbai: The Indian central bank likely sold U.S. dollars to cap further deprecation in the rupee after the currency hit a fresh record low on Wednesday due to strong dollar demand from local importers and oil companies, four traders told Reuters.

₹3 crore and monthly maintenance of ₹1.5 lakh to his estranged wife. Justice Sharmila Deshmukh passed the order saying that the amount is granted to the woman as a recompense not only for physical injuries but also for mental torture and emotional distress. She said that for every case the quantum of compensation will differ depending on the facts of each case.

Munawar Faruqui, posted his first update on Wednesday, stating he was “tired and travelling," following his detention and subsequent release by the Mumbai Police. Earlier, Munawar was one of 14 individuals detained during a raid in south Mumbai for smoking hookahs. “During the raid, the police found stand-up comedian Munawar Faruqui and others smoking hookahs at the joint.

PTI report, the Holi special train was travelling from Danapur to Mumbai. The cause of the fire is not yet known. Speaking on the incident, Danapur DRM Jayant Chaudhary told ANI the coach that caught fire did not have any reservations.

Lok Sabha elections, the Nationalist Congress Party (Sharad Chandra Pawar) Party has organized a meeting of the Central Parliamentary Executive Committee which will be held on Wednesday. Sharad Chandra Pawar's Chief spokesperson, Mahesh Tapase has said that the Lok Sabha candidates will be discussed in this meeting. The meeting will be held in the presence of Sharad Pawar. Members of the Central Parliamentary Board of the party will be present in this meeting as well as the party's Maharashtra president MLA Jayant Patil, MP Supriya Sule, PC Chacko, Anil Deshmukh, and Jitendra Awhad.

₹11.15 crore net in India, Sacnilk.com has reported. Speaking of its day 5 collections, the film saw a 7.14 percent drop and collected just ₹1.50 crore net. The film had an overall occupany of 12.75 percent in Hindi language.

MUMBAI : Scions of the Hiremath family have moved a Pune court demanding partitioning of the entire wealth of the Kalyani Family HUF, the original joint family of the Bharat Forge group, widening what was once a family feud over shares in Hikal Ltd. The families of Bharat Forge chairman Baba N.

MUMBAI : After its merger plans with Zee Entertainment Enterprises Ltd unravelled, Sony Pictures Networks India (SPNI) is quietly taking steps to fortify its sports content offerings. In a strategic move, SPNI has secured exclusive rights to broadcast and stream all New Zealand Cricket (NZC) home series, featuring the men’s (Blackcaps) as well as women’s (White Ferns) matches, in India and associated territories for the next seven years.

MUMBAI : Employees of ICICI Bank reached out to small shareholders of ICICI Securities on the broking unit’s delisting vote that concluded on Tuesday, several investors who received the overtures said. Five shareholders said the ICICI Bank’s branch employees have called and made home visits persuading them not just to vote, but also to vote in favour of delisting. While all five got calls, only one got a home visit.

Mumbai has displaced Beijing as Asia's city with the largest number of billionaires, according to Hurun Global Rich List 2024. This ticker-tape news comes as Indian stock markets powered ahead on a robust post-Covid recovery, while China is struggling to raise economic growth. The reordering is unlikely to be permanent, because India's market capitalisation-to-GDP ratio is in overvalued territory, while it is undervalued in China.

Alphabet Inc.’s Google is in advanced talks to buy a 22.5-acre land parcel in Navi Mumbai’s Juinagar for building its first-ever captive data centre in India, said people with direct knowledge of the development. California-headquartered Google is currently doing due diligence for the leasehold land parcel owned by the Maharashtra Industrial Development Corporation (MIDC). Lease rights of the plot that were originally allotted to Herdillia Chemicals are currently with Pune-based Gramercy Trade Industries. The potential deal is estimated at around Rs 850 crore given current property rates in the vicinity and MIDC’s transfer charges, said the people cited above.

ALSO READ: Zerodha's Nikhil Kamath on being a school dropout: ‘Felt insecure…’ The company was valued at approximately $34 million post-funding. The company will use the funds towards enhancing the talent pool, developing tech-enabled customer experiences, bolstering product and design R&D, improving farm-level infrastructure for speciality green coffee and fine cacao beans, and launching new ‘ready to drink’ coffee products. Subko is also planning to launch flagship experience cafes in different formats across select cities in India and globally.

What is liability coverage? Liability coverage, often referred to as third-party insurance, is a mandatory component of both car insurance and bike insurance in India. But what does it precisely cover? Picture this situation–you are driving your newly purchased car through the busy streets of Mumbai when suddenly a motorbike crosses your path unexpectedly. Despite hitting the brakes, you couldn't avoid the collision. Now what? This is where your third-party liability coverage comes into play. Understanding third-party liability coverage This type of insurance covers any damage or injury caused to another person (the third party) by your vehicle. From medical expenses, if there are injuries or even fatalities, to compensating for any property damage caused by your vehicle – these are covered under third-party liability.

real estate boom in India has created a new avenue for NRI investments. There is a growing number of houses being purchased by this segment. The growth in NRI residential sales, which rose significantly over the last year, underscores this point. According to a report by NoBroker forecast report, NRI investments in India's real estate sector is poised to contribute 20% by 2025. This surge in demand can be attributed to several factors, both monetary and otherwise. Sentimentality has always been a key driving factor of NRI purchases in India, but with the world’s best comforts being available in India, the sentimental reason for buying a home “back home” amongst the NRIs, is also supported by valid reasons for quality real estate investing. To make matters more compelling, the technological revolutions that the entire world has witnessed in the 21st century have now made it easy for people from any part of the world to invest in different parts of the world with minimal hassles. Not just that, the technology also makes it easier for buyers around the world to have access to information on a real-time basis.

gold in the last one week has been -1.99% .whereas in the last month it has been -6.06%. The cost of silver is Rs.77900.0 per kg up by Rs.500.0 per kg. Gold Rate Today in Delhi is ₹68124.0/10 grams.

Lok Sabha elections that are scheduled to take place in seven phases beginning on April 19, said party leader Sanjay Raut. He said the list will feature 16 names of the Uddhav Thackeray-led opposition party, a constituent of the Maha Vikas Aghadi (MVA) in the state, PTI reported. "The Shiv Sena (UBT)'s (first) list will be declared tomorrow (March 26).

Holi greetings, wishing all a vibrant celebration filled with colours and music. In the heart of Washington, DC, Dupont Circle is alive with the festivities of the Holi festival.

Singapore is focusing on increasing its hospitality infrastructure such as hotel rooms, according to a senior tourism official here. Before the pandemic-induced lockdown, Singapore had received 1.4 million tourists from India in 2019. It then recovered to 1.1 million in 2023. With two offices in Mumbai and Delhi, the Singapore Tourism Board (STB) promotes Singapore attractions as a holiday destination aggressively in India, Poh Chi Chuan, Executive Director of Exhibitions & Conferences at the STB told PTI. Singapore is building infrastructure for tourists and business travellers such as 9,000 new hotel rooms that are being added to about 72,000 existing rooms.

Harsh Jain and Haptik CEO Aakrit Vaish to chair its eight-member governing council in its inaugural elections starting from April 1 for a two-year term. Other members of the newly elected governing council include Vishal Gondal, cofounder and CEO of GOQii; Dhruvil Sanghvi, founder and CEO of LogiNext; Akanksha Hazari, founder and CEO of LoveLocal; Mayank Kumar, cofounder and MD of upGrad; Naiyya Saggi, cofounder of The Good Glamm Group; and Vivek Khemani, cofounder of Quantiphi.

India has «incredibly affordable» airfares and the country's aviation market has the kind of growth potential where Akasa Air as well as other carriers can do well, according to the nearly two-year-old airline's chief Vinay Dube. As Akasa Air prepares to take the international skies on March 28 with the first overseas flight from Mumbai to Doha, Dube also asserted that the airline is not about «marketing gimmicks». Akasa Air is aiming to be among the world's top 30 airlines by 2030 and will go public in future. «We think we have a great financial future. Listing is in our future… but you never say never. We hope to list some day,» he told PTI in an interview this week. While acknowledging that aviation competition has always been intense, he said that as long as the focus is on fundamentals, there is enough room not just for Akasa Air to thrive in the future but for others as well.

Holi celebrations and holds great significance in Hindu culture. During this ritual, a bonfire is lit to symbolize the victory of good over evil, commemorating the legend of Prahlad and Holika from Hindu mythology. Also Read: Holi 2024: From Silsila to Yeh Jawaani Hai Deewani; celebrate the festival of colours with these 6 Bollywood films People gather around the bonfire, offer prayers, sing hymns, and perform rituals to seek blessings and protection from negative energies.