City Mumbai Financial News
11.01 / 05:11
UPS
Strategy
wellness
Healthcare
RAI
testing
In a luxury-focussed card market, BoB Card bets on health and insurance
Subscribe to enjoy similar stories. MUMBAI : As most credit card issuers chase premium experiences and luxury rewards to drive higher spending, BoB Card is betting on healthcare, wellness and insurance-led benefits to carve a niche for itself. With rising medical costs and changing customer preferences reshaping how credit cards are used, the Bank of Baroda subsidiary is moving away from one-size-fits-all offerings towards cohort-specific products.
11.01 / 02:19
markets
COST
Analysis
Research
Trade
show
Waiting for a market crash may cost you more than investing at record highs
Subscribe to enjoy similar stories. MUMBAI : With equity markets hovering near record highs, many investors are choosing to wait, hoping for a correction before committing fresh money. The instinct is understandable: buying at lower levels should, in theory, boost long-term returns.
10.01 / 09:43
UPS
Citi
FIVE
Manufacturing
security
Mobile
country
Top electric bus makers gear up for govt’s 6,230-bus mega tender
Subscribe to enjoy similar stories. New Delhi: India’s top electric bus manufacturers are gearing up for the government’s next mega tender of 6,230 electric buses, cumulatively valued at over ₹6,000 crore, to be deployed across five cities—Delhi, Mumbai, Pune, Ahmedabad and Hyderabad—according to tender documents released on 9 January. Delhi, grappling with severe air pollution, will get the largest allocation of 3,330 electric buses through this round of procurement, the tender document, reviewed by Mint, showed.
10.01 / 02:07
markets
MET
Career
security
Research
Trade
Ketan Parekh, the persistent ghoul of Dalal Street
Subscribe to enjoy similar stories. Ketan Parekh was a serial entrepreneur of systemic rot. First penalized for his role in the 1992 securities scam, he resurfaced by the turn of the millennium with a personalized version of market manipulation that eventually bore his name.
10.01 / 00:35
markets
UPS
Strategy
economy
Sustainability
Trade
strain
Canada's British Columbia steps up India outreach amid strained trade ties with US
Subscribe to enjoy similar stories. NEW DELHI : With US trade ties under strain, Canada’s west-coast province of British Columbia is stepping up its push into India, with Premier David Eby set to lead a trade mission to the country from 12 to 17 January, the Canadian High Commission said on Friday.
10.01 / 00:29
markets
Aviat
Airlines
Metro
reports
travelers
Traffic
IndiGo cancellations add to demand drag as airfares slide to four-year low
Subscribe to enjoy similar stories. Mumbai, New Delhi: India’s domestic airfares slid to a four-year low in the October–December quarter, an unusual outcome for a seasonally strong period, as passenger traffic slowed through the year and demand weakened on non-metro routes.
09.01 / 15:11
markets
UPS
Trade
country
shock
Pulse of the Street: A five-day rout makes market jittery
Subscribe to enjoy similar stories. MUMBAI: Domestic equities were shaken by the ‘Trump factor’ throughout the week, leaving India the worst-performing major market globally as risk-off sentiment gripped investors. Markets struggled amid a trio of US-driven shocks.
09.01 / 07:21
COST
security
Software
Cycling
reports
International
Deals, data centres, AI: Can TCS sell its future-ready story to investors?
Subscribe to enjoy similar stories. BENGALURU : Tata Consultancy Services Ltd (TCS) is attempting to shake off its reputation as a staid IT outsourcer. In the last three months alone, the company has announced its largest acquisition since going public, committed billions of dollars to data centre infrastructure, and moved closer to securing a rare billion-dollar contract.
09.01 / 03:49
markets
UPS
IPO
Compilation
security
Enterprise
India’s merchant bankers brace for a Sebi squeeze
Subscribe to enjoy similar stories. MUMBAI: India’s merchant banking industry may be headed for a sharp contraction as the market regulator's new, tougher regulatory framework threatens to push out a large number of players who have stayed on the rolls but barely participated in the Indian capital markets.
08.01 / 10:41
markets
Discover
TikTok
social
pop
Updates
International
The ‘Indian baddie’ moment does not impress Indian women—It only reveals the West’s colonial hangover
There’s been a curious phenomenon on my social media feeds over the last few weeks: The internet has suddenly discovered Indian women, and decided that we are... ‘hot.’The so-called rise of the Indian ‘baddie’ (Gen-Z slang for a woman who is attractive and stylish) has been fuelled by widely shared clips on TikTok and Instagram of young South Asian women dancing and singing along at pop star Tyla’s recent concert in Mumbai.
08.01 / 08:01
markets
UPS
Citi
Strategy
Trade
Updates
Why Titan’s lab-grown diamond bet looks carefully crafted
Titan Co. Ltd’s shares are up around 6% in the past two trading sessions, hitting an all-time high of ₹4,312.10 apiece on Wednesday, mostly led by the solid growth in its jewellery business, as per its December quarter (Q3FY26) update.It also held a conference call to lay out the initial roadmap for lab-grown diamond (LGD) studded jewellery under the brand name of ‘beYon’.
07.01 / 11:27
markets
UPS
film
Actor
blues
Updates
Allied Blenders leans on premium customers as mass consumption slows
: As tax hikes in major states and last year’s slowdown in middle-class consumption hurt mass alcohol brands that were the strength of the industry, Allied Blenders and Distilleries Ltd is homing in on premium customers.In March, the Mumbai-based distiller launched a premium and luxury spirits subsidiary, ABD Maestro, in partnership with Hindi film actor Ranveer Singh. The company is expecting to close FY26 with a revenue of ₹100 crore annualized run rate (ARR) and aims to double that in the next financial year, Alok Gupta, Allied Blenders’ managing director, told Mint in an interview.ABD Maestro is home to Allied Blenders’ premium brands, including small batch gin brands Zoya and Pumori, vodka brand Rangeela, and Yello, a whiskey the company launched just last month.“What we have been working on is to figure out what the forward consumption is, where the consumer is likely to go in the sipping and cocktails terrain,” Gupta said.
07.01 / 08:07
UPS
Citi
BAY
Matrix
Features
Updates
Bandra Bay: Mumbai’s new waterfront micro-market set to challenge Worli’s luxury crown
₹12 crore and going beyond ₹15 crore. Its Bandra Bay project is a Maharashtra Housing and Area Development Authority (Mhada) society redevelopment venture.“What makes Bandra Bay truly distinctive is that it combines the aspirational legacy of Bandra with the openness of bay front living, a rare offering in a land-constrained city like Mumbai,” Hiranandani added.Adani Properties will launch its largest luxury project in the area, featuring sea-facing apartments that will be sold by invitation only in the initial phase.
06.01 / 07:51
markets
UPS
War
beautiful
Features
Updates
Beauty wars intensify: Nykaa pilots Glam Pass to retain shoppers
₹39, Glam Pass offers shoppers a 10% discount, up to ₹300, on their first three purchases and is valid for three months. The feature is currently live for select users in Mumbai and is expected to be rolled out to other cities, including the National Capital Region and Bengaluru, in the coming weeks, the people said, on condition of anonymity.Glam Pass is expected to remain brand-specific rather than platform-wide, focusing on targeted benefits for labels shoppers already prefer, instead of generic perks spread across a large marketplace.
06.01 / 00:41
markets
Target
CEO
Platform
Research
innovations
reports
The year Indian drug innovation bets started paying off
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] July 2025, Mumbai-headquartered Glenmark grabbed the spotlight when it signed what was one of the biggest out-licensing deals for an Indian drugmaker with Chicago-based Abbvie Inc.
05.01 / 16:37
markets
UPS
Align
Updates
Interviews
International
IPO-bound Bharat Coking Coal pins growth on demand from steel sector, but over reliance on power producers to remain
Mumbai: Public markets-bound Bharat Coking Coal Ltd (BCCL), the largest producer of coking coal in India, is pinning its growth story on rising demand from the steel sector, for which the commodity is a key input, the company's management said on Monday.Coking coal is used to make coke, a key input for steel production. This coal sells at a premium to thermal coal, which is burned for heat in power plants and other industries."The real value of coking coal is not getting reflected properly in the Coal India valuation.
05.01 / 10:21
markets
Booking
Research
stage
reports
Updates
Realty pre-sales mixed in Q3, launch spillovers to set stage in Q4
real estate developers is expected to be mixed in Q3FY26, largely dependent on the pace of new project launches.Sobha Ltd, for example, launched the luxury Sobha Magnus project in south Bengaluru, ventured into Mumbai with Sobha Inizio, and unveiled Sobha Strada in sector 106, Gurgaon. This propelled its pre-sales to ₹2,115 crore in Q3, marking a 52% year-on-year jump and making this its best Q3 ever, with Bengaluru driving the bulk of the bookings.
05.01 / 00:41
markets
UPS
Digital
wellness
social
Features
Updates
India now shops by season: ACs for summer, air purifiers for winter
Mumbai: If searing heat is an annual feature of the Indian summer, air pollution is fast settling into a permanent fixture of winter. For companies that sell both air-conditioners (ACs) and air purifiers, sales and marketing now fall into two neatly-distinct seasons—summer for ACs and winter for air purifiers, a much smaller category. Given this sharp seasonality, how do marketing heads manage their business when demand peaks so unevenly through the year? Girish Hingorani, vice-president of marketing at Blue Star, tells Mint it is all about planning the year carefully and efficiently.
04.01 / 01:45
UPS
Mobile
Highways
travelers
guidelines
Updates
Stuck with a dead EV on the highway? Govt plans roadside rescue hubs
EV users as well as technical and maintenance support for commercial fleets,” said the first official.The ministry of road transport and highways (MoRTH) is examining changes to its guidelines for way-side amenities (WSAs) on expressways to formally include EV-focused infrastructure, including rapid diagnostics, minor repairs, battery support, towing and real-time assistance through integrated control centres, the second official said, adding that the under-construction 1,300-km Delhi–Mumbai Expressway is likely to be the first long-distance corridor where the model could be rolled out, providing an end-to-end EV-supportive route between two major metropolitan regions.“The idea is to move beyond charging points and create a full ecosystem that supports EV users on highways, similar to how air traffic control and ground handling work together in aviation,” said the first official. “Control and command centres can coordinate roadside assistance, track vehicle issues, manage response times and offer confidence to EV users undertaking intercity travel.”Queries emailed to MoRTH, National Highways Authority of India, and EV makers Tata Motors, Mahindra & Mahindra, Hyundai, Kia, and JSW MG on 31 December remained unanswered.Since the Delhi-Mumbai Expressway is an access-controlled expressway, a commuter expects the EV charging infrastructure along the route for convenience, said Ashish Modani, senior vice-president and group head, Icra.
03.01 / 04:43
markets
UPS
Landmark
2020
Colleges
Updates
Vishal Kamat of Kamat Hotels on being the consistency king
₹702 crore, KHIL’s year-on-year revenue growth went from negative figures in FY20 and 2021 to ₹10.2 crore and ₹10.8 crore in the subsequent post-lockdown years. Their profits went from approximately ₹25 crore in 2020 to ₹312 crore in 2023. “We had our value really down before covid,” Vishal says, “now it’s come up.
02.01 / 00:45
markets
Pool
Experts
show
Equality
Updates
Investment bankers eye bumper bonuses after record $1.5 bn fee year in 2025
Mumbai: Top investment bankers are likely licking their chops at the prospect of lucrative bonuses, after 2025 delivered record fees on the back of buoyant equity capital markets (ECM) and hectic private-market dealmaking.Data from the London Stock Exchange Group (LSEG) shows that investment banking fees for 2025 totalled $1.5 billion, of which $651.8 million came from equity deals, $391.3 million from M&A deals, $232.5 million from bond deals, and $227 million from loan syndications.Comparatively, investment banking fees in the previous two years were $1.36 billion (in 2024) and $1.33 billion (2023). In 2024, bonus payouts to investment bankers were an estimated ₹1,000 crore, according to industry experts and headhunters.The bonuses for 2025 deals are expected to be higher.
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