City Mumbai Financial News

Mumbai: The broking community is divided about extending trading hours for the equity derivatives segment but is deliberating it and is expected to reach a decision shortly, said Madhabi Puri Buch, chairperson, Securities and Exchange Board of India (Sebi). “At the moment, the broking community itself is divided. It’s a divided house, and there is a lot of discussion that is going on.

RBI deputy governor Swaminathan J countered the popular notion that a small entity like an Urban cooperative Bank (UCB) is not systemically important and underscored the importance of governance standards among others to strengthen them. “Some may argue that UCBs are not systemically important in view of their size and turnover” RBI deputy governor Swaminathan J.” However, if we consider the inter-connectedness that binds the entire spectrum of financial entities, it becomes evident that any vulnerable link has the potential to erode public trust and confidence” Mr Swaminathan J said in his speech titled “ Urban Co-operative Banks: Upholding Governance and Professionalism with Capacity Buidling and Technology Upgradation” delivered to the South based UCBs at Hyderabad last week. In an increasingly interwoven financial landscape, the ripples of even an apparently small disturbance can resonate far beyond its initial impact, said citing that the failure in 2001 of a Gujarat based UCB and more recently in 2019 to a Mumbai based UCB attest to the contagion risks posed by even relatively smaller banks. UCBs form a critical layer of the financial system of the country. Despite the sector's consistent 3-4% presence in the overall banking business, its significance should not be underestimated, he said.

Indians now constitute one-tenth of all US visa applicants globally, with demand skyrocketing across all visa categories, witnessing a remarkable 60 per cent surge compared to the previous year. «In 2023, the US Embassy and Consulates in India processed a record-smashing 1.4 million US visas. Demand across all visa classes was unprecedented, with a 60 per cent increase in applications compared to 2022. Indians now represent one out of every ten US visa applicants around the world,» a statement by the US Embassy and Consulates in India said. Visitor visas (B1/B2) experienced a notable resurgence, representing the second-highest number of applications in the history of the US Mission, surpassing 700,000. The United States has ramped up staff in India whoch have led to a remarkable reduction of appointment wait times from an average of 1,000 days to a mere 250 days nationwide, across all visa categories. The US consular team in India achieved another milestone by issuing over 140,000 student visas in 2023, setting a record for the third consecutive year. Mumbai, New Delhi, Hyderabad, and Chennai emerged as the top four student visa processing posts globally, solidifying Indian students as the largest cohort of international graduate students in the United States, constituting over a quarter of the one million foreign students in the country.

Ravindra Jadeja and batter KL Rahul were on Monday ruled out of the second Test against England starting in Visakhapatnam on February 2. Jadeja sustained a hamstring injury during play on Sunday while Rahul complained of a right quadriceps pain. «Mr.

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Adani Enterprises with an ‘Overweight’ rating and a target price of ₹4,368 per share, expecting an upside of over 50% on Adani Enterprises shares. Adani Enterprises share price jumped over 5% in early trade on Monday. The stock gained as much as 5.89% to ₹3,065.15 apiece on the BSE.

Gandhi's first visit to Bihar since the assembly poll campaign of 2020. He is scheduled to address a public meeting in Kishanganj, followed by a big rally in the adjoining district of Purnea on Tuesday and another one in Katihar a day later, according to Congress legislature party leader Shakil Ahmed Khan. The former Congress chief resumed the Bharat Jodo Nyay Yatra from North Dinajpur in West Bengal.

New Delhi: The government is planning to roll out a faster biometrics-based process for international passengers to speed up immigration checks as part of the strategy to develop India's airports as global transit hubs. The New Delhi, Mumbai and Bengaluru airports will introduce automated immigration clearances, allowing international entries and departures without physical passport verification, people aware of the details told ET.

NEW DELHI, MUMBAI : Amidst a recovery in global steel prices and the upcoming general elections, JSW Steel maintains an optimistic outlook for the domestic steel market for the fourth fiscal quarter, expecting a notable uptick in steel volumes, Jayant Acharya, joint managing director of the company, said in an interview. “I expect the volumes will be better, driven by a seasonally strong quarter. The global steel prices in the last month have improved in the US, Europe, and China, as well as in the Asian regions," he said, adding that the buoyant global prices should translate into better pricing even in the domestic market.

Pune district on Sunday morning, the police official said. According to senior police officials from Pimpri Chinchwad Police station of Pune district, the victim is identified as Vandana Dwivedi who is from Lucknow and had traveled to Pune after being called by her boyfriend residing in a hotel room.

MUMBAI : Five years since Zee Entertainment persuaded lenders not to classify its debt as default, the media giant is facing pressure to oust its promoter family, after an aborted merger with Sony Pictures in India. In an interview, founder Subhash Chandra said his son Punit Goenka, who heads Zee, is the right person to lead it in the future as well, as he aims to raise the family’s stake in Zee from 4% to 26%. Edited excerpts: As you know, the 25th of January was the fifth anniversary of our failure in the capital market, when Zee’s shares fell almost 40%.

MUMBAI : Foreign portfolio investors (FPIs), whose assets under custody in India stand at $758.4 billion, have closed out bullish positions and created huge bearish positions on index futures (Nifty and Bank Nifty) contracts ahead of a key meeting of the US monetary policy body, or FOMC (federal open market committee), on 30 and 31 January, and India’s interim budget on 1 February. Against a cumulative net bullish position of 81,357 contracts at the beginning of the month, FPIs held a cumulative bearish 108,883 contracts as of 25 January.

handed over to the local police. "An Air India pilot reported spotting an intruder around 11.30 pm as the flight landed safely and taxied to the parking bay," according to airport officials. "The pilot reported to air traffic controllers (ATC) that a man had crossed in front of the aircraft during taxing.

NDA government would be formed again in Bihar. I have said this before that I disagree with Nitish Kumar over his policies and it would continue if we continue to work over his policies," Chirag Paswan said.

₹15 trillion mark soon after the Supreme Court judgement. The Adani group has already invested close to $1 billion in the Navi Mumbai airport to operationalize the first of the four planned passenger terminals by December 2024.

Hindustan Times, the Bombay High Court has granted permission to the state-owned oil company to cut 11,677 trees, including 10,582 mangroves, for laying four pipelines from its refinery in Mahul in Chembur to Rasayani in Raigad district. “The project was in the larger public interest," Justice AS Chandurkar and Justice Jitendra Jain said.

Dev Patel, in collaboration with Jordan Peele, brings forth an adrenaline-fueled action movie titled "Monkey Man." The recently released trailer has drawn comparisons to the intense action sequences seen in the "John Wick" franchise.

Bihar, all political parties in the State held meetings on Saturday with party leaders and legislators in Patna after likelihood that Chief Minister Nitish Kumar may jump ship to the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA), Nationalist Congress Party (NCP) Chief Sharad Pawar said that «it is just a speculation as nothing has been finalised yet. The NCP is an ally of the JDU in the INDIA bloc. »Has it been finalised yet? It is still a speculation," Pawar told in Maharashtra's Mumbai.

Macrotech Developers Q3 Results: Macrotech Developers announced its October-December quarter results for fiscal 2023-24 (Q3FY24) on Saturday, reporting a rise of 25 per cent in consolidated net profit at ₹505 crore, compared to ₹405 crore in the year-ago period. The real estate developer's revenue from operations in the third quarter of current fiscal rose 65.2 per cent at ₹2,930.6 crore, compared to ₹1,774 crore in the corresponding period last year. The Mumbai-based company's total income in the December quarter rose to ₹2,958.7 crore from ₹1,902.4 crore in the year-ago period.

there was a bomb under his seat, after which the authorities conducted a thorough check of the aircraft. A team of Mumbai Police also rushed to the spot soon after the incident was reported. "No suspicious object was found during the investigation," Mumbai police said.

demand for reservation to his community. His meeting was significant because the Maharashtra government on Friday night came out with a draft ordinance regarding the reservation demands of Marathas, and a team of government officials visited him last night at the campsite. During his speech on Friday, Jarange had warned that he and his supporters would enter Mumbai on Saturday for their planned protest at Azad Maidan ground if their demands were not met by Friday night, PTI reported.