City Mumbai Financial News

MUMBAI : Mumbai: Indian residents' appetite for gold bonds knows no bounds, despite the metal hitting record high prices this fiscal year, and stock markets trading at life highs. In the latest issuance last month, residents subscribed to a record 12.78 tonnes of bonds worth ₹8,008.38 crore, or $966 million, the highest-ever amount since the first issuance eight years and two months ago, RBI data shows . The issue price was at a record high of ₹6,263 per gram.

BigBasket said it is not in a rush to broaden its product portfolio and will continue to focus primarily on grocery even as quick commerce rivals such as Zomato-owned Blinkit and Mumbai-based Zepto are rapidly diversifying into newer categories. “We evaluate new categories carefully and are very careful about entering segments beyond grocery… For now, we’ll remain a grocer and depending on the need we will keep adding categories as we go along,” Hari Menon, cofounder and CEO of BigBasket, told ET in an interaction on Tuesday.

Jamnagar, Gujarat. Hassan also claimed that she "walked out" of the event after that happened. ALSO READ: Bill Gates comments on Mark Zuckerberg’s ‘Sunderbans’ shirt at Anant Ambani-Radhika's pre-wedding bash: ‘You’ve always…’ Her statement came as a video showing Shah Rukh Khan inviting Ram Charan on stage went viral.

Bengaluru's Rameshwaram Cafe, Chief Minister Siddaramaiah and many other cabinet ministers have received threat mails, as per ANI. CCB police have registered the case and investigations are going on. A bomb explosion in East Bengaluru's Rameshwaram Cafe injured at least 10 individuals on March 1. Reports say the investigation into the explosion has now been handed over to the National Investigation Agency (NIA).

₹2.3 trillion in 2023, is expected to grow at a compound annual growth rate (CAGR) of 10% to reach ₹3.08 trillion by 2026, according to the annual media and entertainment (M&E) report by Ficci and consulting firm EY. However, the growth of ₹17,300 crore last year was half of the ₹37,100 crore growth that took place in 2022, mainly due to headwinds in advertising during the first half of the year, the report added. Except for television, all M&E segments grew in 2023, but the share of traditional media (television, print, filmed entertainment, live events, out of home, music, radio) stood at 57% of M&E sector revenues, down from 76% in 2019.

Mumbai, depending on market conditions, with the possibility that more banks could be added, as per the report. Representatives for the five banks, as well as Ather, declined to comment.

Gold And Silver Prices Today: Gold prices experienced a slight increase on Tuesday. The price of 24 carat gold stood at Rs.6519.4 per gm, showing an increase of Rs.870.0.

HCL Group has invested Rs 166 crore to acquire a minority stake in education software company Educational Initiatives (Ei) This is a part of the secondary stake sale, where HCL Group has acquired a portion of the stake held by Mumbai-based private equity firm Gaja Capital in Ei.

Ben Greenfield, well-known fitness consultant, ‘biohacker’ and triathlon runner, whose list of high-profile clients includes Twitter cofounder Jack Dorsey, is consulting with serial entrepreneur Mukesh Bansal to help him set up a chain of biohacking centres across the country. These centres, which employ popular practices of biohacking and age reversal, will provide various therapies and consultations, among other services.

NARCL) has offered lenders base bids for the bad loan accounts of Hitodi Infra, Sion Panvel Tollways and Morarjee Textile with total consolidated debt of more than ₹4,000 crore. Based on binding bids from the government-backed bad bank, lenders have initiated a Swiss challenge auction for Hitodi Infra. The lenders, including Bank of Baroda, ICICI Bank, Axis Bank, Bank of India, IDBI Bank and State Bank of India, have appointed BoB Capital as the process advisor. NARCL has offered ₹465 crore for the outstanding loans of ₹2,101 crore. The lenders have asked bidders to either bid in all cash or on a cash-and-security receipt basis. NARCL buys debt under a 15:85 structure where 15% is paid in cash and 85% in security receipts. The minimum markup will be 5% of the anchor bid. The Swiss auction will be held on March 26.

MUMBAI : Retail investors appear to have turned savvier with stock trading, cashing out of small-cap counters while prices ruled high. As a category, retail investors' share in these stocks declined between the March and December quarters, a period when many small-cap stocks generated sky-high returns. In the past, many retail investors used to burn their fingers, buying up overheated shares and selling lower.

money laundering case, the Enforcement Directorate (ED) has frozen various security holdings valued at over Rs 580 crore belonging to a Dubai-based «hawala operator.» The ED conducted fresh raids on February 28 at multiple locations across Kolkata, Gurugram, Delhi, Indore, Mumbai, Bhopal, and Raipur, resulting in the seizure of cash and valuables worth Rs 3.64 crore. As per reports, the ED's investigation into the Mahadev online book gaming and betting app has revealed the involvement of high-ranking politicians and bureaucrats from Chhattisgarh, the home state of the app's main promoters. The agency identified Hari Shankar Tibrewal, a Kolkata native currently residing in Dubai, as a «hawala operator and major player» in the case. Tibrewal allegedly partnered with the Mahadev app promoters and operated an illegal betting app called «skyexchange.»

Justice Uday Umesh Lalit: Justice Lalit was born on 9th November 1957, in a family of leading lawyers, in Solapur, Maharashtra. His father, Shri U.R. Lalit, was an Additional Judge at the Nagpur Bench of the Bombay High Court’s and a leading senior advocate at the Supreme Court of India.

₹1,930 crore in Ananya Birla’s Svatantra Microfin. They said this will be the largest private-equity investment in the sector in India. Mint had reported on the development in February, noting that the Mumbai-based microfinance institution (MFI) would use the funds to expand and consolidate its growth.

MUMBAI : Customers will soon be able to pay businesses through net banking irrespective of whether their banks and the merchants’ payment aggregator are integrated, with the central bank ironing out one more wrinkle in India’s rapidly evolving digital payments ecosystem. “We have given approval for implementing such an interoperable system to NPCI Bharat BillPay Ltd. We expect the launch of this interoperable payment system for internet banking during the current calendar year," Reserve Bank of India governor Shaktikanta Das said on Monday.

Mujhe Bengaluru se Mumbai ka return ticket chahiye (I need a return ticket from Bengaluru to Mumbai)." The bot, which can understand both text and voice inputs, responded by asking for my mobile number, following which it provided me with a one-time password (OTP), asked for my name, travel dates, gender, and coach requirements. It almost lured me into buying a ticket. I figured out that Ask Disha, which can answer questions in English, Hindi and Gujarati, is a next generation bot, one that uses generative artificial intelligence (GenAI).

Mumbai man has been arrested on charges of sexually assaulting his minor daughter after the matter came to light during a counselling session with the police. The incident unfolded in Mumbai, where the victim, a 17-year-old girl, resides with her parents. The father approached the police seeking assistance, expressing concern over his daughter's excessive use of social media and her rebellious behavior towards her parents. The father told Poilce that his daughter was glued to social media and her phone all the time and said she no longer listens to her parents and yells back at them. He requested the police to counsel her. Subsequently, the girl and her mother came to the police station. Hoping for guidance, he requested the police to counsel her. Responding promptly, a woman police officer took charge of the counselling session, enlightening the young girl on the potential risks associated with excessive social media and internet usage. The officer also encouraged her to voice any issues she might be facing. It was during this session that the girl bravely disclosed a traumatic incident—she revealed that she had been molested and sexually assaulted by her own father over several days last year.

Gold And Silver Prices Today: Gold prices witnessed a slight decrease on Monday. The price of 24 carat gold is Rs.6432.4 per gm, down by Rs.502.0. The price of 22 carat gold is Rs.5892.1 per gm, down by Rs.460.0.

NEW DELHI, MUMBAI : Latin America's largest lender Itau is looking to open a branch in India, two people aware of the development said. Representatives from Itaú Unibanco Holding SA's retail, wholesale and asset management divisions held preliminary talks with government officials in New Delhi and expressed their willingness to open shop in the country, the people cited above said on condition of anonymity. Foreign banks seeking to enter India need to secure approval from the Reserve Bank of India (RBI).

Vedanta: Parent of Mumbai-based mining giant Vedanta Limited, Vedanta Resources has plans to reduce its debt by as much as $3 billion over the next three years, according to a senior official at an analyst meeting. The company has no plans to roll over its loans in the upcoming years. “Our priority is deleveraging.

MUMBAI : Apples, cashews or the weather? You may soon be able to trade on the prices of these and several more on an exchange platform, with the finance ministry expanding the list of commodity derivatives that can be offered on national stock exchanges. The finance ministry has notified 13 new commodities for derivatives trading, including manganese, freight (road, shipping and airways), weather, cement, bitumen, apple, cashew, garlic, skimmed milk powder, white butter, timber, bamboo and palladium.