City Mumbai Financial News

Juniper Hotels, which runs hotels under the «Hyatt» brand, announced the dates for its maiden public offer on Wednesday. The Rs 1,800-crore issue will open for subscription on February 21 and close on February 23. The IPO with a face value of Rs 10 is entirely a fresh equity with no offer for sale (OFS) component. The price band for the public offer will be announced soon.

₹90 for this 52-kilometer stretch from Nerul to Mantralaya. “We have planned at least four services and two air-conditioned electric buses will ply through the bridge," NMMT manager Yogesh Kaduskar said as quoted by HT.

₹3,296 crore. Like-to-like consumption was softer, up 5%. This can be partially due to the usual quarterly shift in the festive season.

Warehousing & Logistics recorded absorption of 37.8 million sq ft, 21% higher, compared to the previous year. Absorption has been on the rise since 2021, increasing gradually year over year. Despite dried-up investments in 2023, absorption surpassed pre-pandemic level of 2019 by 15%. The sector received investments worth USD 646 million in 2023, accounting for 15% of the total institutional investment received in the real estate sector. However, investments declined by 65% in 2023 over the previous year as investors opted for wait-and-watch mode amid global macroeconomic uncertainty. In the past decade, 3PL companies emerged as a preferred choice for several businesses as these companies can optimize cost along with providing flexibility to their clients in case of demand uncertainty.

Infosys, India’s second-largest Indian IT major, saying that the company acquired 58 acres of land in his home constituency of Hubli-Dharwad West to create a campus and promising jobs but failed to do so. Addressing the state Assembly on Wednesday, Bellad, who is also Deputy Leader of the Opposition, called it “betrayal at its finest” and demanded the state government take back the land.

₹1.8 lakh for a 40-minute circling time to ₹2.6 lakh for 60 minutes. This not only increases airfares for customers but also affects the efficiency of airport operations, resulting in long wait times and delays, the ministry added.

«You have only got to look at Delhi and what is going on there from an infrastructure and then come to Mumbai and it is breathtaking,» says Peter McGuire, CEO, XM Australia. And let us get to talking about that hotter than expected inflation print that came in. What do you think this will lead the US Fed to do? A couple of things. I think it hit the market by a little bit of a surprise and as far as a pushback, we were looking at the best part of 65-66% as far as a rate cut come May and that has been pushed back now to around about 32-33% and they are rolling that forward to possibly by June or July.

Ronnie Screwvala said on Wednesday. “I think part of the rotten apples is because it was just too much money being thrown… this sector needs change with frugality. What I mean by frugality is that it forces you to innovate well, well beyond," Screwvala said at an event in Gurgaon.

Congress party announced on Wednesday the first list of candidates for the upcoming Rajya Sabha Biennial Elections to be held in various states. According to an official release from the All India Congress Committee (AICC), «Congress President Mallikarjun Kharge has approved the candidature of Sonia Gandhi from Rajasthan and Dr. Akhilesh Prasad Singh from Bihar.» Additionally, Abhishek Manu Singhvi has been fielded from Himachal Pradesh and Chandrakant Handore from Maharashtra.

₹100 crore defamation case for her fake death stunt. The case has accused Pandey and Bombay of trivializing a serious disease and creating a 'false conspiracy of death', a report by Times of India said. Earlier this month, Pandey's team announced that she had passed away due to cervical cancer.

Section 80TTB of the Income Tax Act outlines the tax benefits that senior citizens can avail of regarding the interest income they receive from deposits. The Finance Budget 2018 introduced several benefits specifically targeted at senior citizens, one of which is the new provision -Section 80TTB.

banks. The RBI communicates its holiday schedule through official channels like its website and notifications to banks and financial institutions. 14 February: Basanta Panchami/Saraswati Puja (Shree Panchami) (Banks will remain closed in Agartala, Bhubaneswar, Kolkata) 15 February: Lui-Ngai-Ni (Banks will remain closed in Imphal) 18 February: Sunday 19 February: Chhatrapati Shivaji Maharaj Jayanti (Banks will remain closed in Belapur, Mumbai, Nagpur) 20 February: Banks will remain closed in Aizawl, Itanagar, due to State Day/Statehood Day 24 February: Second Saturday 25 February: Sunday 26 February: Nyokum (Banks will remain closed in Itanagar) Vasant Panchami highlights the incoming of spring.

MUMBAI : Life Insurance Corp. of India (LIC) reaped windfall gains in the December quarter, selling a record $4.7 billion worth of shares of listed domestic companies as the shares reached all-time highs during the market bull run.

Mumbai airport to reduce flights as it had given excess slots that was causing congestion, leading to a situation where aircraft were hovering over the airport for as long as 60 minutes. An airport slot is a period of time during which an aircraft can take off or land. The ministry said the airport operator didn't take steps to streamline and regulate the air traffic movement.

Civil Aviation on Tuesday said that it had to force Mumbai Airport to reduce flights as the airport had given excessive slots which was causing congestion leading to a situation where aircraft are hovering above the airport for as long as 60 minutes. An airport slot is a period of time during which an aircraft can take off or land. It said that the airport operator didn’t take steps to streamline and regulate the air traffic movements.

Moody’s Investors Service on Tuesday upgraded the outlook on four Adani Group companies to stable from negative, while maintaining the stable outlook on four others. The four companies which have seen their rating outlook changed to stable from negative are Adani Green Energy Limited, Adani Green Energy Restricted Group 1, Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited.

MUMBAI : Prime Volleyball League, India’s first private sporting league, will soon start looking at getting a strategic investor, as its valuation has more than quadrupled since its inception to over $90 million, said a top executive. Prime Volleyball was co-founded in 2021 by Indian sports marketing firm Baseline Ventures, the erstwhile promoter of the Pro Volleyball league, along with five original franchise owners of the now-defunct Pro Volleyball.

₹3800 per share. "We expect AEL's EBITDA to double from FY23 to FY26 and grow 3x+ by FY28. We build the contribution of new biz scaling from 40% of consol EBITDA (FY23) to -75% by FY26 and 85% by FY28, At CMP.

MUMBAI : Advertising expenditure in India is expected to grow at 10.2% in 2024, slower than last year’s 11.3%, according to media investment company GroupM. But even at that pace, India would still be among the fastest-growing ad markets globally. Overall advertising expenditure this year is expected to increase by ₹14,423 crore to ₹1,55,386 crore, GroupM said Tuesday in its annual forecast titled ‘This Year Next Year’.

Spacenet Enterprises India Limited (NSE: SPCENET), a prominent global trading entity with substantial operations in Hong Kong and Dubai, has reported an exceptional 486% increase in its consolidated profit after tax (PAT) on an annual basis. This significant growth highlights Spacenet's focused strategy on diversifying its investment portfolio by incorporating stakes in pioneering, disruptive technology enterprises.

BENGALURU : Sula Vineyards, India's biggest wine manufacturer, reported a more than 9% rise in third-quarter profit on Tuesday, helped by increased demand for its premium brands and wine tourism business. The Mumbai-headquartered company said its consolidated net profit rose to ₹42.98 ($5.2 million) from ₹39.28 a year ago.