City Mumbai Financial News
19.03 / 19:55
markets
CEO
Entertainment
WhatsApp
France's YKONE buys marketing agency Barcode
influencer marketing agency YKONE has bought a controlling stake in Indian content and influencer marketing agency Barcode Entertainment to foray into the Indian market, top executives of both firms told ET. YKONE has bought a 70% stake in the Mumbai-based Barcode for an estimated valuation of $18-20 million. The two companies refused to confirm the value of the transaction, which is one of the biggest in the fledgling influencer marketing industry, pegged at ₹1,200 crore. YKONE has paid cash to acquire the 70% stake and intends to buy out the remaining 30% stake through an equity swap. Rahul Khanna, CEO of Barcode, will become a board member of YKONE.
19.03 / 17:35
UPS
Platform
film
show
country
innovations
Videos
Prime Video bets on India to acquire next 250 million subscribers outside US
India will play a key role in Prime Video's strategy to acquire the next 250 million subscribers outside the United States (US), a top company official said at an event in Mumbai. Prime Video and MGM Studios Head Mike Hopkins highlighted India as a crucial market for the streaming platform. He also highlighted the growing popularity of streaming among Indian audiences. «As we look at the next 250 million subscribers that we're going to acquire, they are going to come from outside of the United States. And we're not going to be able to achieve that unless we do a really good job for customers in India as well,» Hopkins said in a conversation with film producer Karan Johar.
19.03 / 16:27
markets
Citi
Airlines
Metro
country
travelers
Destinations
India, Vietnam in talks to increase bilateral flights
Mint. A bilateral air service agreement mandates a limit on the number of seats or flights that airlines can allocate between two countries. India currently has bilateral air service agreements with 116 countries.
19.03 / 15:37
markets
IPO
Target
Enterprise
NVIDIA
wellness
stage
Yotta looking to raise equity-based funding amid Nvidia spotlight
Mint, Sunil Gupta, cofounder and chief executive of Yotta, confirmed that the company will make an announcement on the matter “in the coming days", and that it will “dilute equity holdings" for the funding sequence. Gupta, however, neither confirmed nor denied if it plans for an initial public offering (IPO) in the coming days.
19.03 / 13:09
markets
UPS
Citi
Aware
country
Department
SBI to shift global back office from Kolkata to Mumbai
State Bank of India is likely to shift its centralised global back office and some other foreign exchange related departments from Kolkata to Mumbai, the country's financial capital, in yet another move to centralize operations. The back office was set up in 2015 in the City of Joy when Anundhati Bhattacharya was the chairperson of the bank. The back office works 22x7 to cater to customers in Sydney, Bahrain, Hong Kong, London and New York. The bank has not formally announced the move but started preparing grounds for it, three people aware of the development said.
19.03 / 12:39
Provident
security
Dreams
community
innovations
Features
Rustomjee Crown Receives Part Occupation Certificate for Tower B Comprising 182 Homes
Initiated in 2018 by the Rustomjee Group in South Mumbai, this project underscores the company's unwavering dedication to excellence and timely delivery. In August 2023, part Occupation (OC) was secured for 'Tower A', comprising 182 residences. As of March 2024, all 186 homes within Tower A have obtained their OC.
19.03 / 10:35
markets
UPS
Citi
Citizens
CEO
trends
Housing sales in India’s top six cities surge by 20% in Q1 2024
Housing sales in India’s top six cities – Delhi NCR, Mumbai, Bengaluru, Hyderabad, Chennai, and Pune — have surged by 20% during the January-March period. The number of housing units sold has reached around 1,47,000 units, according to NoBroker.
19.03 / 06:59
Man
Career
Election
social
stars
Commentary
Sporting
Navjot Singh Sidhu is back as commentator for IPL 2024. Here are details
Star Sports has made a significant announcement by enlisting Navjot Singh Sidhu to resume his commentary career after a hiatus. «A wise man once said, „Hope is the biggest ‘tope’“ And this wise man, the great Navjot Singh Sidhu himself, has joined our Incredible StarCast!,» said Star Sports in a post on social media platform X.
19.03 / 06:59
Provident
Target
security
Universities
Investigations
Pro-Khalistani-gangster nexus similar to Dawood-Chhota Rajan rivalry that led to '93 blasts, NIA probe finds
Mumbai blasts. “The emerging gangster-Pro-Khalistani Elements (PKEs) nexus is akin to the scenario that existed in Mumbai in the early ’90s,” the NIA has observed in multiple charge sheets. The two main gangs at loggerheads now are those of Lawrence Bishnoi and Kaushal Chaudhary, similar to the rivalries of underworld dons Dawood and the now jailed Chhota Rajan. The federal agency is investigating more than a dozen cases involving terrorist-gangster syndicates and PKEs and have arrested more than 45 suspects. However, foreign handlers in Canada, United States, Australia, Dubai and the United Kingdom continue to remain at large. ET joins the dots. Lawrence Bishnoi gang Jailed Lawrence Bishnoi is said to be the mastermind who brought together the criminal gangs of Punjab, Haryana, Uttar Pradesh, Rajasthan, Delhi and Chandigarh. “The growth of Lawrence Bishnoi and his terror syndicate has tremendous similarities to the rise of Dawood Ibrahim, a wanted terrorist, gangster and drug kingpin who heads the notorious organised terror syndicate D-Company,” as per the NIA.
19.03 / 06:51
FIVE
Remark
Election
President
country
rights
PM Modi's guarantees will meet 'India Shining' fate in Lok Sabha Elections 2024 : Malikarjun Kharge at CWC meet
Bharatiya Janata Party (BJP) in the forthcoming Lok Sabha elections saying that the country is fervently demanding a change. Kharge said the Prime Narendra Modi's ‘guarantees’ highlighting in the BJP's poll campaign will mee the same fate as party's "India Shining" slogan ahead of 2004 general elections. "Country is fervently demanding a change.
19.03 / 06:23
Digital
Citizens
show
country
travelers
Updates
UAE updates visa-on-arrival for 87 countries; is India included?
visa exemption policy and will now allow citizens from 87 countries to enter the UAE without needing a pre-entry visa. The updated regulations say that nationals from from 110 countries are required to obtain a visa prior to their arrival in the UAE, according to Gulf News. The UAE Digital Government has made it clear that citizens of the GCC do not require a visa or sponsorship to travel to the country. They can enter simply by showing a passport from a GCC state or an identity card when they arrive at UAE entry points.
19.03 / 02:29
UPS
Provident
FIVE
Election
social
Congress' key meeting to okay manifesto for Lok Sabha elections 2024 today
Lok Sabha polls that are scheduled to be held in seven phases beginning from April 19. The party's top decision making body is also expected to pass a resolution lauding former party chief Rahul Gandhi's Bharat Jodo Nyay Yatra, which started from Manipur on January 14 and ended in Mumbai on March 17.
19.03 / 00:33
markets
BLOCK
Aviat
security
Enterprise
wellness
rights
A former Delhi top cop is named Religare director. Burmans say rules broken.
MUMBAI : The billionaire Burman family has questioned the process of appointing former Delhi Police commissioner Rakesh Asthana as a director on the board of Religare Enterprises Ltd, calling it a breach of listing rules. The Burmans, locked in a battle for control of Religare where they own more than 25%, have written to the market regulator that the company erred in not getting Asthana's 2 November appointment as whole-time executive director cleared by shareholders within the mandatory three months.
18.03 / 17:53
markets
Align
Enterprise
wellness
Diversity
inclusion
rowing
Tata AIA Recognized as a Kincentric Best Employer 2023
Mumbai, 16 March 2024: Tata AIA Life Insurance Company Limited (Tata AIA), one of India’s leading life insurers, is proud to announce its recognition as a Kincentric Best Employer 2023. Kincentric Is a globally renowned platformthat showcases organizations which are industry leaders in employee engagement and development. Tata AIA's recognition as the Kincentric Best Employer for the 8th consecutive year is a result of its effective people management in an increasingly complex business environment.
18.03 / 16:17
Platform
Fighting
Remark
Election
Trade
country
rowing
‘Shakti’ row: Priyanka Gandhi defends Rahul, says PM Modi ‘master of...'
Rahul Gandhi over his remarks on ‘fight against Shakti’, Priyanka Gandhi Vadra on Monday slammed Prime Minister Modi saying that “his priority is to divert public attention by twisting the statements of opposition leaders." Taking to microblogging platform X (formerly known as Twitter), the Congress general secretary posted in Hindi, “The Prime Minister is just a master of diverting public attention. The people of the country are struggling with inflation, unemployment and economic crisis. The youth are disappointed.
18.03 / 15:57
UPS
Fighting
Remark
Election
Courts
rowing
Top 6 events of the day: SC's order on electoral bonds, EC action on top officials, ‘Shakti’ row and more
Supreme Court on Monday, March 18, directed the SBI to release all the details related to electoral bonds along with details like date of purchase, redemption and name of the purchaser and recipient, denomination, and serial bonds. “SBI should not be selective in disclosing the details. We want all information related to the electoral bonds to be disclosed which is in SBI possession," the court said in its judgment.
18.03 / 13:35
markets
Sustainability
Enterprise
Morningstar
cover
information
rights
Tata AIA Investment Plans: Performance delivery, right from the start
Mumbai, 15 March, 2024: Driven by its core value of consumer obsession, Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading life insurers, has introduced a host of funds, over time, for the benefit of consumers.
18.03 / 13:09
Fighting
Remark
Election
Trade
country
electronic
Department
'Modi ji twisting 'Shakti' remark': Rahul Gandhi clarifies after PM Modi's 'jaan ki baazi' attack
Shakti that I mentioned, the Shakti that we are fighting, is the mask of that power, Modi ji," Rahul Gandhi said in a long post on X. The developments triggered Rahul Gandhi's speech in Mumbai on Sunday where he attacked the ruling BJP and PM Modi on various issues including the tampering allegations against Electronic Voting Machines (EVM). “There is a word 'Shakti' (might) in Hinduism.
18.03 / 12:43
Remark
Parke
Research
country
audience
gatherings
Uddhav Thackeray defends 'patriot' invocation instead of 'Hindu' one at INDIA alliance rally
Shiv Sena (UBT) leader Uddhav Thackeray on Monday hit out at BJP for criticising him over his opening remarks while addressing the INDIA bloc rally in Mumbai in the presence of Rahul Gandhi and other leaders of the Opposition. Thackeray had addressed the audience as his «deshbhakt and deshpremi brothers and sisters» instead of the traditional invocation of «Hindu brothers and sisters» at the Shivaji Park gathering in Mumbai. Shivaji Park has been associated with rallies of Shiv Sena since the days of Bal Thackeray, who would begin his speech with «my Hindu brothers and sisters» phrase. «BJP leaders criticised me over the opening sentence of my speech in the rally. But I want to ask them aren't they patriots?» Uddhav Thackeray said while addressing a rally in Vasmat in Hingoli district.
18.03 / 10:51
UPS
MET
Remark
testing
travelers
cricket
Rishabh Pant’s Wealth: Exploring the Delhi Capitals Captain’s Rs 100 crore net worth and sources of income
After enduring a life-threatening car accident in December 2022, Rishabh Pant is gearing up for a remarkable comeback in cricket during the upcoming Indian Premier League (IPL) 2024 season. His return to the field has been met with widespread joy, considering the severity of his accident, which left him with multiple injuries and necessitated surgery, sidelining him from cricket for over a year. However, Pant’s remarkable determination and resilience have propelled him back to the cricketing arena in just 14 months.
18.03 / 10:25
UPS
testing
Interviews
UPSC CSE: JMI opens window for free Civil Services coaching today; From entrance test dates to timings, all details here
₹1000 per month that has to be paid six months in advance. The UPSC entrance exam will be conducted across ten centres including Delhi, Srinagar, Jammu, Hyderabad, Guwahati, Mumbai, Patna, Lucknow, Bengaluru and Malappuram.
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