City Mumbai Financial News

diesel prices are the costliest in the country in Andhra Pradesh, Telangana and Kerala while it is cheapest in smaller states and UTs like Andaman & Nicobar Islands, Delhi and those in the North East, mainly due to differential in local sales tax or VAT rates, oil industry data showed. The three state-owned fuel retailers — Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) — last week cut petrol and diesel prices by Rs 2 a litre each, ending a nearly two-year hiatus in price revision. That reduction brought relief to fuel users but rates continue to be above Rs 100 a litre mark in some states due to higher Value Added Tax (VAT). Y S Jagan Mohan Reddy's YSRCP-ruled Andhra Pradesh has the costliest petrol at Rs 109.87 a litre, followed by Left Democratic Front (LDF)-ruled Kerala, where a litre of petrol comes for Rs 107.54. Congress-run Telangana is close behind with petrol costing Rs 107.39 a litre.

Shiv Sena and NCP have made the battle for the 48 Lok Sabha seats in Maharashtra more interesting, besides the focus on traditional issues like unemployment and farmer suicides. Lok Sabha polls in Maharashtra will be held in five phases on April 19, April 26, May 7, May 13 and May 20. Counting of votes will be held on June 4. The BJP-Shiv Sena won 41 of the 48 seats in the 2019 polls, but the Sena has split since and a vast majority of the Bal Thackeray-founded party is now allied with the BJP. The Nationalist Congress Party also split as well with Ajit Pawar joining the ruling alliance in the state, led by Eknath Shinde. In the 2019 Lok Sabha polls, the BJP emerged the top party with 23 seats, followed by the undivided Sena with 18. The undivided NCP had emerged victorious on four seats, the Congress one, while the AIMIM and an Independent accounted for the remaining two. A total of 9.2 crore persons, including more than 50,000 centenarians, are eligible to exercise their franchise in the ensuing Lok Sabha elections in Maharashtra, an increase of 34 lakh from 2019. Here is how the political landscape in various regions of Maharashtra looks like ahead of the ensuing Lok Sabha elections.

Gold And Silver Prices Today: Gold prices saw a slight decrease on Sunday. The cost of 24 carat gold is Rs.6680.5 per gm down by Rs.131.0. The cost of 22 carat gold is Rs.6119.3 per gm down by Rs.120.0.

A post shared by Sonali Singh (@sonalisingh) Ed crooned his chart-busting track 'Lover' in Punjabi with the Punjabi singer which proved to be a big takeaway for fans attending the concert. Social media was strong to react to the stars performance as a user wrote, “I knew it!!!! History made…" Another user noted, “What a rise, was a gift of bringing the world together through music.

PTI Tamil Nadu Chief Minister M K Stalin, RJD leader and former Bihar Deputy CM Tejashwai Yadav and Samajwadi Party (SP) chief Akhilesh Yadav will take part. AAP leader Saurabh Bharadwaj who is the Delhi health minister, CPI general secretary Dipankar Bhattarchaya, National Conference leader Farooq Abdullah, Jharkhand Chief Minister Champai Soren, and former CM Hemant Soren's wife Kalpana Soren will also take part.

Moneycontol. “The employer must grant a paid holiday to all eligible employees on the day of the election. They must ensure that there is no deduction or abatement of wages," Moneycontrol quoted Partner at RR Legal, Abhishek Awasthi as saying.

Rahul Gandhi is set to commence a 'Nyay Sankalp Padyatra' from Mani Bhavan to August Kranti Maidan in Mumbai on Sunday. Here are the top ten updates: 1. Rahul Gandhi's Bharat Jodo Nyay Yatra, will culminate at Chaitya Bhoomi, Dr.

Rahul Gandhi, Tamil Nadu CM MK Stalin, Shiv Sena (UBT) president Uddhav Thackeray, NCP (SP) chief Sharad Pawar, RJD leader and former Bihar deputy chief minister Tejashwi Yadav, and SP leader Akhilesh Yadav are some opposition leaders who will take part in the campaign. - Prime Minister Narendra Modi is set to hold the first NDA rally in Andhra Pradesh today, March 17. This comes days after he completed an extensive 10-state tour of India, during which he unveiled development projects valued at thousands of crores and attended numerous important occasions including his first visit to Jammu and Kashmir since Article 370 was abrogated.

Ambedkar. Congress leaders paid floral tribute at the Ambedkar Smarak as the Bharat Jodo Nyay Yatra came to a end. Priyanka said the yatra was conducted to tell people "the reality of this country".

Congress general secretary Jairam Ramesh on Saturday accused the BJP-led government of conducting a "surgical strike" on his party by freezing its bank accounts ahead of the Lok Sabha elections, saying it was rendered «economically handicapped» through "tax terror". Addressing a press conference here as part of Rahul Gandhi-led Bharat Jodo Nyay Yatra, he also alleged that the ruling party was illegally collecting funds through electoral bonds. The Congress' main bank accounts were frozen last month over an income tax demand of Rs 210 crore. «BJP has done a surgical strike on Congress by freezing its bank accounts ahead of the general elections. We have no money to fight polls or prepare our election campaign. Even the money collected through crowd funding cannot be used. Congress has been made economically handicapped through tax terror,» Ramesh alleged.

Amitabh Bachchan's health, the veteran actor categorically denied reports of undergoing angioplasty following his recent hospitalization. Social media was abuzz with concerns about Bachchan's well-being after various sources claimed he had undergone a medical procedure. However, a video capturing Bachchan's exit from the Dadoji Kondadev Stadium in Thane, where he attended the final Indian Street Premier League (ISPL) match between Majhi Mumbai and Tigers of Kolkata, put an end to these rumours.

Want to be Amitabh Bachchan’s neighbour? Here’s your chance to buy 3,000-sqft property near Jalsa In a video, circulating on social media, Bachchan is seen exiting the stadium when someone from the crowd asks him about his health. The actor is initially seen gesturing with his hands that everything is fine. The person then asked him, "How are you? All fine? to which Bachchan said, “Fake news." The reports started in the afternoon with some saying he had gone to the Kokilaben Dhirubhai Ambani Hospital for a routine check.

electoral bonds scheme have exposed the Bharatiya Janata Party (BJP), which routinely accuses the Congress of looting the country, Shiv Sena (UBT) leader Uddhav Thackeray has said. The BJP got Rs 8,000 crore in electoral bonds and if one compares it with the amount received by the Congress, it would be clear who has been carrying out loot, Thackeray claimed at a gathering of party workers in Colaba area of south Mumbai on Friday. «Disclosures linked to the electoral bonds scheme have exposed the BJP, which routinely accuses the Congress of looting the country. Will you give this country in the hands of looters? The BJP wants another five-year term (at the Centre) to loot the country while showing you (citizens) dreams of 'Viksit Bharat' (developed India)...,» he said. Just as leaders of his party were being pressured by probe agencies, like the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED), corporates were also threatened into making large donations to the BJP, the former chief minister of Maharashtra alleged.

MUMBAI : The Securities and Exchange Board of India (Sebi) on Friday approved a slew of proposals, including exempting certain foreign portfolio investors (FPIs) from additional disclosure requirements, launch of beta version of the T+0 settlement, and facilitation of ease of doing business for companies going public. For ease of doing business, the markets regulator in its annual board meeting approved a proposal to exempt additional disclosure requirements for FPIs having more than 50% of their Indian equity assets under management (AUM) in a single corporate group, in case the concentrated holdings of the FPIs are in a listed company with no identified promoter, if certain conditions are met.

Amitabh Bachchan has been discharged from Kokilaben Hospital, Mumbai. The ‘living legend’ was admitted there, after he felt uneasy. According to a News 18 report, a blood clot was found in his leg. The ‘Kabhie Khushi, Kabhie Gham’ star had to undergo an angioplasty. However, barely hours after he was discharged, Bachchan Sr was spotted attending an ISPL T-10 cricket match with his son Abhishek Bachchan and GOAT of Indian cricket, Sachin Tendulkar. The match took place between Majhi Mumbai (Bachchan’s team) and Tigers Of Kolkata at the Dadoji Kondadev Stadium in Thane. After the pictures of the star at the match went viral, DNA contacted the authorities of Kokilaben Hospital. They told the news publication that as the superstar was expected to attend the match, he was discharged earlier, and there was no big procedure involved.

ALSO READ: Indian Navy commissions 'INS Jatayu' Admiral Ramdas, or Laxminarayan Ramdas, was born on September 5, 1933 in Matunga, Mumbai. After retirement, he settled in Bhaimala village in Alibag, Maharashtra, on a piece of land awarded to him by the Maharashtra government in recognition of his acts of gallantry in the 1971 war, PTI reported. He completed his early education in Delhi at Presentation Convent and Ramjas College.

luxury fashion house Bulgari saw its best-ever sales performance in India in 2023 and this year looks even better with robust demand for its jewellery products, Jean-Christophe Babin, CEO, told ET in an interview. Babin said the opening of the Jio World Plaza, a luxury mall in Mumbai, has delivered “very good” results for Bulgari, which rolled out India-inspired creations such as the Mangalsutra and the B.zero1 Kada bracelet. “While Indians love our Serpenti watch, we have thought of creating jewellery that resonates better with Indian hearts. Indians are deeply rooted in their tradition and culture,” Babin said.

MUMBAI : India's top small-cap fund managers will take anywhere between a day and 17 days to liquidate a quarter of their portfolios during market upheavals, as revealed by stress tests conducted by various fund houses. Asset managers would likely require a minimum of three days and a maximum of 34 days to exit half of their mid-cap stocks. Market regulator Securities and Exchange Board of India (Sebi) initiated these stress tests following concerns about potential market bubbles, primarily fuelled by the overenthusiasm of retail investors.

MUMBAI : India's top small-cap fund managers will require substantial time, in some cases up to 30 days, to liquidate a quarter of their portfolios during market upheavals, as revealed by stress tests conducted by various fund houses. Fund houses would likely need between six days and 30 days to exit a quarter of their small-cap portfolio, and 12-60 days to liquidate half of the portfolio. If a fund takes longer than two to three days to return investors' money, it suggests stress in the portfolio.

external affairs minister S Jaishankar said India has begun to take manufacturing seriously, adding that the world's perspective towards the country's technological landscape has changed in the past decade. Speaking at the ET Awards in Mumbai, the minister said, «India is beginning to take manufacturing seriously. Without manufacturing, no one will take you seriously on technology,» he said.

Governor Shaktikanta Das said that the central bank's assessment of grievances received at RBI offices revealed gaps in systems and procedures in financial institutions. «We have brought such deficiencies to the notice of the individual banks and NBFCs. Our effort is to work with the regulated entities and rectify such deficiencies,» Das said at the annual conference of RBI Ombudsman held in Mumbai.