City Mumbai Financial News

Ranji Trophy final 2024: Tanush Kotian and Tushar Deshpande played a historical innings to seal Mumbai's fate in the finals of Ranji Trophy 2024 and brought the title home for the record 42nd time. Mumbai defeated Vidarbha by 169 runs at the Wankhede Stadium to clinch the prestigious trophy after eight years. The Mumbai Cricket Association (MCA) was elated with the win and announced to double the prize money for the winning team.

Manba Finance, an NBFC-BL providing financial solutions for auto loans, used cars, small business loans, filed a draft red herring prospectus with Sebi for an IPO. The IPO is completely a fresh equity issue of 1.25 crore shares with no offer for sale (OFS) segment.

Mumbai team will receive an additional Rs 5 crore for its unprecedented 42nd Ranji Trophy title after the state cricket association doubled the prize purse on Thursday. Mumbai won a record-extending 42nd Ranji title after beating Vidarbha by 169 runs on the fifth and final day of the summit showdown at the Wankhede Stadium. "MCA President Amol Kale and Apex Council has decided to double the Ranji Trophy prize money. The MCA will pay additional sum of Rs 5 crore to the winning Mumbai Ranji Trophy team," a statement from MCA secretary Ajinkya Naik read. «It has been a great year for the MCA as the association has won 7 titles and we have made it to knockout stage in all age groups in BCCI tournaments.»

Shreyas Iyer's back injury seems to be aggravated and the Kolkata Knight Riders (KKR) batter may miss the initial few games of the Indian Premier League (IPL) 2024. If true, the claim raises doubts about the NCA's fitness report, based on which BCCI took serious action against Shreyas Iyer. “It’s not looking good.

₹680 to ₹715 for each equity share with a face value of ₹10. Bids can be placed for multiples of 20 shares, or at least 20 shares.

Solo Leveling, Jujutsu Kaisen, Mashle: Magic and Muscles, One Piece, and The Daily Life of the Immortal King have found traction in India. Crunchyroll, LLC is an independent joint venture between Sony Pictures Entertainment in the US and Aniplex in Japan, a subsidiary of Sony Music Entertainment (Japan) Inc., both subsidiaries of Tokyo-based Sony Group Corp. Crunchyroll opened its second office in India in Hyderabad earlier this month.

silver in Delhi is Rs.75100.0 per kg, a decrease of Rs.1100.0 per kg. Gold and Silver prices in major cities are as follows: Chennai - Gold: Rs.66446.0/10g, Silver: Rs.78400.0/1kg.

Narendra Modi and 34 Union Ministers featured in the first list. However, at least 33 members of parliament (MPs) were dropped. Prominent names in the second list include nine Union Ministers, including Nitin Gadkari, Piyush Goyal, Anurag Thakur and Prahlad Joshi.

MUMBAI : Private sector lender Yes Bank Ltd is looking for a new promoter to sell up to 51% stake, and has hired Citigroup’s India unit to find a buyer, two people aware of the development said. The bank has also invited some Indian lenders, including some of its existing shareholders, to join as promoter. Yes Bank, India’s sixth largest private lender by assets, is seeking a valuation of $8-9 billion, which would be 20-25% above its current market capitalization of $7.2 billion, the people said on condition of anonymity.

real estate demand across the country. Capital flows hit a record $1.3 billion, compared to $600 million in 2022, according to real estate consultancy CBRE. While average annual inflow from 2019 to 2022 stood at $500 million, more than 85% of transactions in these cities were focused on development sites and the logistics sector. According to CBRE, several cities such as Ahmedabad, Indore, Jaipur, and Coimbatore are also seeing robust private equity (PE) interest across sectors such as e-commerce, startups, banking, financial services and insurance (BFSI) — all of which can have a complementing impact on real estate investments.

Ambani pre-wedding celebrations in Jamnagar have made headlines in more ways than one. The array of premium handcrafted jewellery worn by the guests has stoked enormous interest, especially on social media, prompting top jewellers to focus on such ornaments studded with emeralds, sapphires, rubies and diamonds. “We have just launched a new line with platinum, crafted in a pattern with emeralds and diamonds,” said Rajiv Popley, director of Mumbai-based Popley & Sons that sells high-end jewellery. “Demand has picked up for this kind of jewellery after the pre-wedding bash. Indian customers can relate to what had been worn… It’s all over social media.” Prices typically start from `5 lakh and go up to `1 crore, Popley said. “A pair of earrings from our new line of jewellery studded with emerald and diamonds costs `7 lakh,” he said. Chairman Joy Alukkas said his eponymous chain will be launching a gemstone-studded premium line — spurred by the Ambani celebrations — by the end of next month. “We are working on the designs,” he said. This is a shift for Joyalukkas, which typically has a range dominated by gold and diamonds, although the retail chain does sell affordable, gemstudded ornaments in its north India stores.

JSW Infrastructure on Wednesday said it has incorporated a wholly-owned subsidiary for the execution of a port project at JNPT in Maharashtra. JSW JNPT Liquid Terminal Pvt Ltd has been incorporated on March 13, in Mumbai, according to a regulatory filing. The company said it has received a Letter of Intent (LoI) from Jawaharlal Nehru Port Authority for equipping, operation, maintenance and transfer of additional liquid cargo berths LB3 and LB4 at the port. The terms of LoI require the incorporation of a special purpose vehicle to enter into a concession agreement within 30 days of the issue of LoI.

Adani group stocks, leading to a steep fall in Adani's net worth. The group denied all wrongdoing. Later, the Supreme Court formed a committee to probe the charges against the group.

₹90.04 crore from anchor investors, a day before its initial public offerings (IPO) opens for subscription. According to an exchange filing, Krystal Integrated Services allocated 12,59,265 shares at ₹715 per share to 10 anchor investors.

Piyush Goyal is all set to take the plunge in the rough and tumble of electoral politics as the BJP's candidate from Mumbai North in the upcoming Lok Sabha polls. A three-term Rajya Sabha member, Goyal (59) has been in the thick of politics since his teenage years when he campaigned for his mother, late Chandrakanta Goyal, for the Maharashtra Assembly election. Ved Prakash Goyal, Piyush Goyal's father, was an old-time RSS worker who worked closely with Sangh stalwarts Balasaheb Deoras, Atal Bihari Vajpayee and L K Advani. The Goyal home at Sion in central Mumbai was a beehive of political activity, with veteran leaders opting for it as a residence of choice when visiting the metropolis. Piyush Goyal, known largely by his pet name «Happy», had the task of escorting leaders around Mumbai. The formal alliance of the Bharatiya Janata Party (BJP) and the Shiv Sena was also struck at the Goyal residence after a meeting between Sena supremo Balasaheb Thackeray and Vajpayee in 1984.

MUMBAI : Tile manufacturers have warned that the recent gas price cuts by city gas distribution (CGD) companies like Mahanagar Gas Ltd, Indraprastha Gas Ltd and Gujarat Gas Ltd are unlikely to result into significant margin gains for them. Gas accounts for a significant portion of the overall expenses for tile makers. So, lower gas prices should be a reprieve for tile manufacturers such as Kajaria Ceramics and Somany Ceramics, which use it to fuel their kilns.

MUMBAI : Byju Raveendran received an extended relief from the Karnataka High Court on Wednesday, allowing him to remain at the helm of Byju’s, amid a volley of charges and countercharges between his troubled edtech company and its investors. But that could also result in Think & Learn Pvt.

Lohum has raised Rs 450 crore ($54 million) in a primary funding round. Mumbai-based Singularity Growth Fund, which counts CaratLane founder Mithun Sacheti among its backers, led the round in which investors like Baring Private Equity, Cactus Venture Partners and Venture East also participated.

Visa application volumes from Mumbai in 2023 registered a 30 per cent year-on-year growth, according to a report by VFS Global, closing in further to the pre-pandemic levels. When compared to the pre-pandemic numbers, visa application volumes from Mumbai reached 90 per cent of the 2019 levels. The demand pattern in Mumbai was in line with the overall growth trend registered in India, which saw a 16 per cent year-on-year in visa applications in 2023. In comparison to the pre-pandemic numbers, visa application volumes from India reached 93 per cent of the 2019 levels.

BPCL, Chhattisgarh Biofuel Development Authority and municipal corporations of Raipur and Bhilai for production of Compressed Bio Gas (CBG) in Chhattisgarh, officials said. As per the pact, BPCL- a central PSU, will set up CBG plants in Raipur and Bhilai with an investment of around Rs 100 crore and the capacity of each plant will be 100-150 tonne per day. The MoU was signed in the presence of Chief Minister Vishnu Deo Sai and Deputy CM Arun Sao here at the former's official residence, they said. In his address, Chief Minister Sai said the establishment of CBG plants is a key step towards clean city, clean energy and zero carbon emissions.

Vodafone Idea (Vi) has surrendered fractional spectrum in the 900MHz and 1800MHz bands in select circles as the airwaves were incompatible with its latest network technology. "VIL has opted for extension of required spectrum in both Uttar Pradesh (West) and West Bengal circles, releasing only the fractional spectrum that cannot be used with the newer technology and as such not currently required," a Vi spokesperson said. The spectrum was up for renewal this year.