City Mumbai Financial News

Adani Ports and Special Economic Zone and Adani Electricity Mumbai to stable from negative on signs of robust cash flow in the next 12 to 24 months. Adani Ports' ratio of adjusted net debt to earnings before interest, tax, depreciation and amortization — a measure of its ability to pay off liabilities — is expected to be in the range of 3x to 4x over the next two years, S&P said.

free trade agreement between India and the four-nation EFTA bloc are at an advanced stage as both sides have reached a shared understanding on key issues, a senior official has said. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. India and the EFTA have been negotiating the pact, officially dubbed as Trade and Economic Partnership Agreement (TEPA), since January 2008 to boost economic ties.

Delhi High Court on Monday quashed a Central Information Commission’s order (CIC) that asked the income tax authorities to furnish information and copies of documents submitted by the PM Cares Fund while applying for income tax exemptions. While allowing the income tax department’s appeal, Justice Subramonium Prasad ruled that CIC does not have the jurisdiction to direct furnishing of information provided for in Section 138 of the Income Tax Act and Section 138 (2) of the Income Tax Act prevails over Section 22 of the Right to Information Act (RTI Act). «In the present case, the question which arose was whether Section 138(2) of the IT Act which also contains a non-obstante clause would override Section 22 of the RTI Act or not. In view of the fact that Section 138(1)(b) of the IT Act mandates that information relating to an assessee can only be supplied subject to the satisfaction of Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner, as the case may be, it can be said that Section 138(2) of the IT Act would prevail over Section 22 of the RTI Act,» the Court held. Even if the CIC had the jurisdiction to direct the department to provide the information, the Commission's failure to give PM CARES notice of hearing would in itself have vitiated the order, the HC said. Mumbai-based activist Girish Mittal had sought details regarding the tax exemption granted to the PM Cares Fund in May 2020.

Big fat weddings have been urged to go local. So it’s goodbye Dubai, London, Maldives or Lake Como, and back to the drawing board. We know of at least three top business families—in Ahmedabad, Mumbai and Kolkata—that have had to search for desi alternatives at the last minute. Some have found a way out by hosting all the pre-wedding festivities in the original exotic locations as planned, while the big day is held back home. Considering that some A-list invitees were also wary of attending such shaadis after the Wed in India mission statement, this was a happy nuptial workaround. Life Moves OnTh

Dennis Francis on Monday began a five-day visit to India to discuss with his Indian interlocutors various key issues including geopolitical tensions and New Delhi's engagement with the global body. «Delighted to arrive in New Delhi on an auspicious day when the country is celebrating its 'Second Diwali',» Francis posted on 'X' referring to the inauguration of the grand Ram temple in Ayodhya. «Looking forward to fruitful discussions over the next few days on Peace, Progress, Prosperity and Sustainability!» he said.

Kokilaben Dhirubhai Ambani Hospital and Medical Research Institute in Mumbai, reportedly due to a fractured knee and shoulder.

Air India on Monday commenced the commercial operations of its first wide-body A350 aircraft with a flight taking off for Chennai from the Mumbai airport. The 316-seater A350-900 aircraft has a three-class cabin configuration with 28 private business suites with full-flat beds, 24 premium economy and 264 economy seats.

Internshala, the leading career-tech platform, unveils critical insights for internship seekers, showcasing a substantial 200% increase in internship opportunities for Indian students over the past five years. The report highlights some key observations regarding the current internship market and what internship seeking students could expect from internship recruiters in the year 2024.

Catch all the Ayodhya Ram Mandir Inauguration Live UpdatesView

₹1622* (all-in) on non-stop domestic and international flights. “SpiceJet presents a special sale with airfares starting from Rs.

Catch all the Ayodhya Ram Mandir Inauguration Live UpdatesView

Catch all the Ayodhya Ram Mandir Inauguration Live UpdatesView

₹18,000 crore. It originates from Sewri in Mumbai and terminates at Nhava Sheva in Uran taluka in Raigad district.

Ahmedabad-Mumbai bullet train project, the Chief Representative of JICA India, Saito Mitsunori, said that the PM Gati Shakti plan has accelerated public works in the country. In an interview with PTI, Mitsunori also expressed Japan's interest in enhancing India's border road networks and participating in the transnational power transmission project with Bhutan, Nepal and Bangladesh.

Assam CM Himanta Biswa Sarma maintained that Rahul Gandhi should avoid visiting Batadrawa Than, the birthplace of Vaishnavite saint Srimanta Sankardeva, during the consecration ceremony of the Ram temple in Ayodhya, the Congress asserted on Sunday that Gandhi's visit will proceed as scheduled. All India Congress Committee (AICC) general secretary Jairam Ramesh maintained that Gandhi will visit the Than in Assam's Nagaon district as planned and urged that «no politics should be done over it». Gandhi is leading a 'Bharat Jodo Nyay Yatra' from Manipur to Mumbai, with the march travelling through Assam from January 18 to 25.

Sushant Singh Rajput’s Bollywood career came to a halt due to his sudden shocking demise. Since his death, the ‘Chhichhore’ star has been fondly remembered by his fans and well-wishers. The #JusticeFor Sushant hashtag has become more or less a mainstay on X (formerly Twitter).

Main Atal Hoon Box Office Collection Day 2: Pankaj Tripathi’s movie, Main Atal Hoon, opened with a lukewarm response at the box office. On the first Saturday, The biopic of former Prime Minister Atal Bihari Vajpayee, directed by Ravi Jadhav, earned ₹1.80 crore. On its release day, the movie did the business of ₹1.15 crore.

Ayodhya on 22 January, in several cities, bridges, temples, roads have been lit up to celebrate the grand opening. Mumbai's Bandra-Worli Sea Link also jumped on the bandwagon to celebrate on Saturday night with Lord Ram's image seen illuminated on the sea bridge. Mumbai Bandra-Worli Sea Link is a cable-stayed bridge with eight lanes and a length of roughly 5.6 kilometers which links Worli in South Mumbai with Bandra in the Western Suburbs of Mumbai.

President of the United Nations General Assembly Dennis Francis is undertaking an official visit to India from January 22 to 26 during which he will visit New Delhi, Jaipur and Mumbai and also meet External Affairs Minister S Jaishankar, according to an official statement issued by his office. During his five-day trip, Francis will hold bilateral discussions with the India leadership and engage with civil society, leading think tanks, embark on field visits and participate in events related to sustainability, multilateralism, accessibility, and digital public infrastructure, among other engagements.

PayTm Insider. However, netizen reported a delay in the show and expressed disappointment. Some social media users said on X that shutters of the venue were down even at 8 pm.

MUMBAI — ICICI Bank, one of India's leading private sector banks, has revealed its third-quarter earnings today. The bank reported a significant year-on-year rise in net profit, reaching ₹8,312 crore, exceeding market expectations that were already anticipating a robust increase. This figure is a correction from an earlier report which suggested a higher profit.