City Mumbai Financial News

15.01 / 08:39

UPS IPO Digital Progressive Platform reports Updates Reliance earnings preview: Investors want firm timelines for Jio's IPO, completion of new projects

Subscribe to enjoy similar stories. Mumbai: Billionaire Mukesh Ambani-led Reliance Industries is on the cusp of unlocking significant value for shareholders as all its key businesses generate free cash flows simultaneously for the first time and a public listing of its telecommunications business is imminent. Now, investors want firm timelines.

15.01 / 01:45

markets UPS Provident FIVE Aware security Sebi steps up checks on portfolio overlap in mutual fund schemes

Subscribe to enjoy similar stories. MUMBAI : India’s market regulator is closely scrutinizing new fund offers (NFOs) for portfolio overlap with existing schemes, even though its draft proposals on overlapping stocks in mutual fund schemes are yet to be notified.

15.01 / 01:45

markets Target Aware Platform Enterprise country reports The Gentari stake sale gets cracking. Will Actis, Macquarie and Sembcorp bid?

Subscribe to enjoy similar stories. MUMBAI : Global private equity firms Macquarie, Actis, Sembcorp and strategic investors such as Serentica Renewables and JSW Group are evaluating bidding for a 50% stake in Malaysian energy firm Gentari’s India business, three people aware of the development said. The first round of bidding is expected towards the end of this month.

14.01 / 10:33

Manufacturing Sustainability Research Trade show reports India’s spending momentum faces a critical test: Why jobs and wages hold the key

Subscribe to enjoy similar stories. MUMBAI : Fiscal and monetary policies cushioned household purses and buoyed sentiment, contributing to stronger consumption during the 2025 festive stretch. But with celebrations behind and policy oxygen expected to thin out in 2026, economists say the baton will need to pass to jobs and wage growth if consumption is to hold its course.

14.01 / 10:33

markets COST UPS Citi wellness Budget home buyers priced out of Gurugram's luxury boom

Subscribe to enjoy similar stories. Bengaluru: Gurugram’s post-pandemic property boom, driven by soaring prices and a rush of luxury housing, is starting to run into its own limits, with developers and consultants warning that homes increasingly priced beyond the reach of end-users are getting harder to sell, even as the national capital's suburban city remains one of India’s hottest real estate markets. In today's Gurugram, high residential prices, large-sized homes, branded residences, and an increasingly luxury-focused market are leaving affordable and mid-income home buyers out in the cold.

14.01 / 08:13

markets COST UPS Citi JPMorgan reports rights Boom and boon: GCC leases are surging and evolving in India, keeping top law firms busy

Subscribe to enjoy similar stories. India Inc’s global capability centre (GCC) boom is keeping the country’s law firms busier than ever as more multinational companies set up larger office campuses on longer lease tenures across major cities.

14.01 / 07:37

markets Provident security Mobile Metro exclusive rowing Telcos allege ‘market failure’ at Navi Mumbai airport, ask Trai to cap infrastructure costs

Subscribe to enjoy similar stories. The Cellular Operators Association of India (COAI), which represents major telecom companies, has approached the telecom regulator, seeking a cap on charges for in-building mobile network infrastructure at public places such as airports.

14.01 / 07:19

Target Strategy Mobile Metro Sony Everest reports Mint Explainer | Why Uber is making a second startup bet in India

Subscribe to enjoy similar stories. Uber India is shifting its fleet strategy. Until now, the company had invested only in Everest Fleet, backing the operator with a $20 million funding round in June 2023, followed by around $30 million in 2024 and another $20 million in 2025.

14.01 / 07:19

markets Aware Merit Deloitte Astec 2020 reports Godrej Industries charts new course into wealth management with fresh subsidiary

Subscribe to enjoy similar stories. MUMBAI: Godrej Industries Group is restructuring its financial services businesses to prepare for expansion into new segments, including wealth management, following an announcement it first made in August 2025. The listed holding company, Godrej Industries Ltd, last week incorporated a new subsidiary, Godrej Investment Ltd, which will serve as the umbrella entity for all its financial services operations, according to an executive familiar with the plans.

14.01 / 06:11

UPS Citi Waters Rust cricket rowing The Ghost Mansion fallacy: Why we build palaces we never live in

Subscribe to enjoy similar stories. It’s a familiar sight in the Indian hinterland—be it the lush green pockets of Kerala, the coastal belts of Konkan or the vast plains of Bihar and Punjab. You drive past rows of modest village homes and suddenly, you see it: A massive, three-storey, brightly painted concrete palace.

14.01 / 04:05

markets IPO security performer stage reports International Hornbill, Dragon Funds, others eye KreditBee stake ahead of IPO

Subscribe to enjoy similar stories. MUMBAI : Investment firms including Hornbill Capital and Japan’s MUFG-backed Dragon Funds are evaluating a stake in lending startup KreditBee as part of a proposed $100–120 million fundraise ahead of the company’s planned initial public offering, three people familiar with the matter said.

13.01 / 16:29

markets Aware Career CEO Racing security Strategy ITC veteran Sachin Sahay frontrunner in CEO race at Birla Opus

Subscribe to enjoy similar stories. Mumbai: Sachin Sahay, executive vice-president—sales operations at ITC Ltd, has emerged as the frontrunner to take over as chief executive officer of the Aditya Birla Group-backed Birla Opus, the disruptor in India’s ₹70,000-crore paints market, according to two people aware of the development. Sahay is set to succeed Rakshit Hargave, who stepped down as the chief executive in November 2025.

13.01 / 13:29

Provident Digital Platform Analysis hospital reports prevention Health tech startups deploy AI to overcome India’s preventive care apathy

Subscribe to enjoy similar stories. BENGALURU/MUMBAI : Indians have not fully embraced routine health monitoring, and the nation’s digital health startups are betting on artificial intelligence to overcome this hurdle.

12.01 / 09:53

UPS wellness Experts country reports International Why India's iron ore imports are at a seven-year high despite ample reserves

Subscribe to enjoy similar stories. MUMBAI: A global glut of high-grade iron ore is reshaping India’s raw material economics—and pushing steelmakers to import more at home’s expense. The country's iron ore imports climbed to a seven-year high in 2025, as shortages of high-grade domestic ore, softer international prices and logistical challenges pushed steelmakers to look overseas—raising concerns over raw material security just as capacity expansion accelerates.

12.01 / 06:47

markets UPS security Align Enterprise stage reports Dharana Capital closes second growth fund raise of $250mn corpus; to invest in tech, consumer startups

Subscribe to enjoy similar stories. Mumbai: Dharana Capital, which has backed startups such as Urban Company, Zomato, LAT Aerospace and Pet Pooja, has raised its second growth fund with a corpus of $250 million to continue investing in tech and consumer businesses in India. The investment firm will continue to back founders building large and standalone listed businesses, its founder and managing partner said.

12.01 / 05:17

markets COST IPO FIVE band testing Relationships Amagi’s IPO to test 2026 markets with a valuation reset and no clear peers

Subscribe to enjoy similar stories. MUMBAI: Amagi Media Labs will open its ₹1,789 crore initial public offering (IPO) on 13 January, becoming one of the first companies to test public market appetite in 2026 with a business that is globally scaled—but difficult to price. The IPO comprises a ₹816 crore fresh issue and a ₹973 crore offer for sale.

12.01 / 05:17

Citi Platform security Metro trends beautiful Quick fashion set to redefine India’s apparel retail battle in 2026

Subscribe to enjoy similar stories. Dear reader, as 2025, a year of global tumult and volatility, rolls by, Mint's reporters and columnists look around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]. The demand for instant deliveries has intensified competition in India’s fashion retail industry, pushing platforms and startups alike to bet on speed as a key differentiator, setting the stage for a more execution-intensive battle in 2026.

12.01 / 01:35

Citi Death community Experts country cover Courts Mandatory probate on Will removed but it is still a smart move for inheritance

Subscribe to enjoy similar stories. NEW DELHI : Parliament in December cleared the Repealing and Amending Act, 2025, which has removed a long-standing procedural hurdle in inheritance by deleting Section 213 of the Indian Succession Act, 1925. The change means that beneficiaries in Mumbai, Chennai, and Kolkata no longer have to mandatorily get a probate and can now act on a valid Will.

12.01 / 01:25

markets UPS IPO security Trade NOC country NSE's unlisted shares back in focus as Sebi chief says IPO nod likely by month-end

Subscribe to enjoy similar stories. MUMBAI : The unlisted market could be in for a flurry of activity, with the National Stock Exchange (NSE) likely to get the market regulator's approval to begin its listing process by the end of this month.

11.01 / 13:45

COST Provident security Mobile Metro rights International Why are Mumbai's new airport and metro signal-starved?

Subscribe to enjoy similar stories. Imagine walking into a world-class facility such as the Navi Mumbai International Airport or commuting through the Mumbai Metro Aqua line. The architecture is futuristic, the lighting is perfect, but the moment you pull out your phone, the signal bars drop to zero.

11.01 / 08:11

markets UPS IPO Platform Pool reports rights DAM Capital's strategic shift: How it plans to beat I-banking volatility

Subscribe to enjoy similar stories. MUMBAI : India’s only listed pure-play investment bank, DAM Capital Advisors Ltd, plans to deploy its capital reserves into recurring, fee-based businesses to reduce the inherent volatility of investment banking, managing director and chief executive Dharmesh Mehta told Mint. While merchant banking remains the firm’s primary earnings driver, DAM Capital is evaluating asset-light ancillary services that require minimal capital deployment and limited balance-sheet risk to diversify its revenue base.

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