City Mumbai Financial News

Anant Ambani and Radhika Merchant as pre-wedding festivities will take place in Jamnagar, Gujarat from March 1 to March 3. The functions are expected to take place in a traditional yet grand way.

Gold And Silver Prices Today: Gold prices experienced a slight decrease on Thursday. The price of 24 carat gold in Delhi is Rs.6319.2 per gm, a decrease of Rs.3.0, while the cost of 22 carat gold is Rs.5788.3 per gm, down by Rs.4.0. The price change in 24 carat gold over the last week has been -2.17%, whereas in the last month it has shown a decrease of -0.05%.

Anant Ambani, the youngest son of Reliance chairman Mukesh Ambani, will wed Radhika Merchant, the daughter of industrialist Viren Merchant, on July 12 in Mumbai. The list of international guests expected to attend the pre-wedding celebrations in Jamnagar in early March reads like a veritable who's who of the global business elite. It includes Microsoft founder Bill Gates, Meta CEO Mark Zuckerberg, BlackRock CEO Larry Fink, Blackstone chairman Stephen Schwarzman, Disney CEO Bob Iger, Ivanka Trump, Morgan Stanley CEO Ted Pick, Bank of America chairman Brian Thomas Moynihan, Qatar Premier Mohammed bin Abdulrahman bin Jassim Al Thani, Adnoc CEO Sultan Ahmed Al Jaber, EL Rothschild chair Lynn Forester de Rothschild, the king and queen of Bhutan, tech investor Yuri Milner and Adobe CEO Shantanu Narayen, among others. The bride and groom recently celebrated their Lagan Lakhvanu. The auspicious ritual, which includes written invitations offered first to the Gods and then to close family, took place on February 16 at Jamnagar, Gujarat, at the Ambani family estate. During the ceremony, bride-to-be Radhika donned a custom-made lehenga by Anamika Khanna.

MUMBAI : Government-backed National Investment and Infrastructure Fund (NIIF) has agreed to invest $200 million ( ₹1,658 crore) in digital infrastructure company iBus for a controlling stake, two people aware of the development said. iBus Network and Infrastructure Pvt. Ltd, which is backed by Morgan Stanley Infrastructure Partners, will use the money to finance its expansion.

India will allow foreign airlines to operate non-scheduled cargo flights from all international airports in the country for three years, lifting 2020 curbs that had restricted them to six — Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai. This followed lobbying by exporters against the restrictions. While India had an open sky policy in air cargo that allowed unhindered movement by foreign airlines, the government amended it in 2020 to give Indian carriers a boost. However, exporters have been protesting that goods capacity had shrunk as Indian carriers failed to deploy enough aircraft to meet demand.

MUMBAI : Fantasy gaming app My11Circle on Wednesday won the race to be an official partner of the Indian Premier League (IPL), bidding ₹125 crore per year for a period of five years. The app from Games24x7 trumped incumbent Dream11, which bid ₹103 crore per year for the partner rights for the cricket tournament. Over five years, My11Circle will pay a total of ₹625 crore for the rights, two officials in the BCCI confirmed.

MUMBAI : Lunolux Ltd, the promoter of Eureka Forbes Ltd, will sell up to a 12% stake in the household appliances maker for $138.6 million ( ₹1,148.7crore) through a block deal on Thursday, people with knowledge of the deal said. Advent International had bought a majority stake in Eureka Forbes from Shapoorji Pallonji Group for ₹4,400 crore in 2021. Lunolux is an entity held by Advent International.

MUMBAI : Think & Learn Pvt. Ltd, the parent of edtech firm Byju’s, said it has secured an order from the Karnataka High Court stating that any resolutions proposed in an emergency meeting called by some of its key investors would be invalid until a final hearing by the court.

MUMBAI : Lunolux Ltd, the promoter of Eureka Forbes Ltd, will sell a 22% stake in the household appliances maker for $254 million ( ₹2,106 crore) through a block deal on Thursday, people with knowledge of the deal said. Advent International had bought a majority stake in Eureka Forbes from Shapoorji Pallonji Group for ₹4,400 crore in 2021. Lunolux is an entity held by Advent International.

Hindustan Times. ALSO READ: Yuvraj Singh hails Shubman Gill after criticism from cricket veterans like Ravi Shastri, Sunil Gavaskar: ‘Let the bat…’ The Andhra player hit the first delivery for a Six via slog sweep over cow corner. After this, he went straight with the bat and then delivered the same result. With the left-arm spinner Damandeep Singh pitching the third ball on middle and leg, Krrishna disdainfully launched over long-on.

coal gasification projects in the country, the Ministry of Coal is planning to offer coal at a notified price for coal gasification, a senior ministry official said on Wednesday. «We are considering offering coal at a notified price for coal gasification plants that will be set up. We will be making a policy for the same so that the industry does not face a shortage of coal,» said Nagaraju Maddirala, the Additional Secretary, Ministry of Coal at a roadshow in Mumbai, held to push coal gasification projects. Notified pricing means coal will be made available at a cheaper rate than its auction rate. Currently, only the power sector receives coal at a notified price. Other sectors avail of coal at auction prices.

Mumbai: Kajaria Tiles, the largest manufacturer of ceramic and vitrified tiles in the country along with the Royal Challengers Bangalore announced today that the brand would stay on as the “Principal Sponsors" for the RCB Women’s Team extending their partnership which began with the inaugural season of T20, last year. Speaking on the associationMr Rishi Kajaria, Joint Managing Director at Kajaria Ceramics Ltd, said: “I am happy to announce that we have extended our partnership with the Royal Challengers Bangalore Women’s Team and look forward to a successful season. For us Women Empowerment is a core ethos of our organisation, and our sporting superstars are inspiring not just this generation but every little girl watching the game. We look forward to continuing our support for RCB Women team and contributing to their journey of success in the upcoming season". Rajesh Menon, Vice President & Head of Royal Challengers Bangalore, said “We are pleased to extend our partnership with Kajaria for another season. The association began on a successful note with the inaugural season, last year and we look forward to strengthening our collaboration as the tournament grows in magnitude." The second edition of the Women’s T20 will be played between 23 February to 17 March 2024 across two venues, Bangalore, and Delhi.

detonators in two boxes were found abandoned on a platform at Kalyan railway station in Thane district on Wednesday, a Government Railway Police (GRP) official said. The official said the boxes were spotted by the GRP lying unattended on the platform No. 1 of the usually crowded station on the Central Railway (CR) route following which a dog squad and Bomb Detection and Disposal Squad (BDDS) personnel were immediately called to the spot. The BDDS team took the boxes into custody and on opening found as many as 54 detonators (a device containing small amount of explosive) inside them, he said. The Kalyan GRP has launched a probe though they were yet to register a case in connection with the seizure, said the official. Senior police officials, including Thane city cops, visited the spot where the detonators were found. Usually, detonators are used in Thane district for illegally catching fish in lakes and also for carrying out blasting operations in quarries. Detonators are used to send shock-waves through the water, stunning or killing fish which are then collected.

artificial intelligence (AI) in India, the BharatGPT group backed by Mukesh Ambani’s Reliance Industries and top engineering schools in the country aims to launch its first ChatGPT-style service next month. The model is being developed in collaboration with Indian Institutes of Technology, and backed by Reliance Jio Infocomm and the Centre. The consortium — which includes Reliance and eight IITs—offered a sneak peek of the model during a recent technology conference in Mumbai.

₹5.38 crore, according to documents obtained by real estate database platform Zapkey, as quoted by Moneycontrol. The apartment, situated in the Ten BKC project at Bandra East, spans 1,110 square feet.

Women's Premier League (WPL) is set to kick off from Friday i.e. on 23 February. The tournament will go on till March 17 and will be held in Bengaluru and Delhi.

₹10 and consists of a fresh issue worth ₹120 crore and an offer for sale of up to 46 lakh equity shares by the Promoter Selling Shareholders. The offer for sale consists of the sale of equity shares of up to 11.50 lakh by Ajay Baliram Sawant, Umesh Navnitlal Shah, Ujwal Arvind Mhatre, and Jayesh Manharlal Shah by each promoter.

Congress Party leader Baba Siddique left the Congress, the Congress party removed his son Zeeshan Siddique from his position as the President of the Mumbai Youth Congress. Akhilesh Yadav has been appointed as the new Mumbai Youth Congress President, as per a press release by the Congress. On February 8, Baba Siddique, a prominent minority face of the Congress in Mumbai, announced his decision to sever his 48-year-old tie with the party.

MUMBAI , BENGALURU : Investors, gaming firms and filmmakers remain largely bullish on the prospect of OpenAI’s Sora, a text-to-video generative artificial intelligence model and tool. However, nearly a week since its introduction, legal experts believe commercial firms will remain wary of using AI video generator tools in official marketing campaigns in fear of infringing on copyrights and intellectual property protections.

₹2,000 crore from private equity firms Advent International and Multiples Private Equity, a person aware of the deal said. The Mumbai-based microfinance institution (MFI)will use the funds to expand and consolidate its growth, the person added, requesting anonymity. Queries sent to Svatantra, Multiples and Advent remained unanswered.

CNBC TV-18. “The kind of people we hire may also change, but we don’t expect to reduce our hiring," he added. The TCS CEO said that Generative AI is increasing the productivity in the programming experts.