City Mumbai Financial News

fixed deposits and savings accounts, followed by 16% in gold, 15% in mutual funds, 10% in real estate and 7% in stocks, a new survey shows. The survey, conducted by DBS Bank India and CRISIL, is in line with the behaviour trends from DBS Bank India’s own customer insights, which showed 10% of female customers have an active fixed deposit (FD) account compared with 5% for male customers.

Bengaluru flight. The man got stuck inside the bathroom as the door malfunctioned. He was rescued after the Spicejet flight reached Bengaluru airport.

HDFC Bank, India's biggest by market value, kicked off third-quarter earnings for banks with a 34% on-year rise in net profit, underpinned by strong growth in retail loans and fee incomes. The bank, which merged its mortgage-lending parent into itself last year, is focused on mobilising deposits that have lately trailed credit growth. Bank Deposits Climb 28% YoY The Mumbai-based lender's December quarter net profit rose to ₹16,373 crore, from ₹12,259 crore a year earlier, with the retail segment in the lead. Analysts polled by Bloomberg had forecast net profit at ₹15,760 crore. Total deposits, a key monitorable for the bank after the merger with HDFC, climbed 28% on year, but were still slower than the 62% rise in total advances.

Realty major Lodha, listed as Macrotech Developers, expects its integrated smart township Palava City spread over nearly 5,000 acres near Mumbai to scale up and generate revenues worth $1 billion, or over Rs 8,000 crore per year, in the next few years, led by the development of residential and commercial properties including offices, a life sciences hub, warehousing & industrial spaces, said a top company official. The development at Palava City started in 2010, with phase 1 covering 300 acres that was sold out and delivered to nearly 20,000 families in 4-5 years. In 2014, the company started with phase 2 spanning 1,000 acres with over 75 million sq ft of developable area, of which over 20 million sq ft is complete.

₹1,800 crore (through the IPO) to grow rapidly. Of this, ₹1,500 crore will be a capital raise to deleverage and future growth. We will use the remaining ₹300 crore for general corporate purposes and will deploy that later.

Bajaj Finance by launching Jio Financial Services, with the venture resulting from the demerger of Reliance’s financial services business. It has already launched personal loans for the salaried and self-employed in Mumbai, besides consumer durable loans across 300 stores in India. The services are also available on the MyJio app.

moved the Supreme Court against the judgement given by those fraud people. I challenge Rahul Narvekar and (Eknath) Shinde to appear before people and answer the question of whom Shiv Sena belongs to," Thackeray said on Tuesday. ALSO READ: Eknath Shinde-led Shiv Sena ‘real’, rules Speaker | 10 points On January 10, Narwekar held in a long-awaited ruling that the Shinde faction was the real Sena, while dismissing disqualification petitions filed by both Shinde and Thackeray camps against each other's MLAs following a split in the party in June 2022.

Ira Khan’s resplendent red and gold lehenga seemed as if it was crafted straight from Bollywood dreams! Aamir Khan’s daughter, who recently tied the knot with long-time beau Nupur Shikhare, stole the show at her Mumbai reception on January 13, as she appeared in a magnificent lehenga. Deep red and dazzling, this lehenga seemed straight out of a Bollywood film! According to a News 18 report, the lehenga seemed like a work of art because it was one! The three-piece lehenga reportedly took more than 300 hours to make!

₹ 3,605.7, hit on Monday. On Tuesday, L&T said that its construction arm has bagged a “mega" order, valued between ₹ 10,000 crore and ₹ 15,000 crore for constructing a high-speed electrification system for the Mumbai-Ahmedabad bullet train project. This significant domestic contract is expected to bolster L&T’s order book and revenue stream.

₹336.2 crore for the third quarter of FY24, registering a growth of 13.3% from ₹296.8 crore in the corresponding quarter of last year, the firm said in a regulatory filing. L&T Technology’s revenue in Q3FY24 increased 12.3% to ₹2,421.8 crore, from ₹2,157 crore, YoY. Among other details, the firm said that the EBITDA of ₹487.7 crore for the quarter was registered up 11.9 percent, from ₹435.6 crore in the corresponding quarter of last year.

IndiGo is currently grappling with a surge in passenger complaints and public outcry, ranging from incidents of apron dining to slapping and verbal spats. Passengers of an IndiGo flight, delayed and diverted from Goa to Mumbai, sparked controversy by using the airport apron as a dining area upon disembarking. The apron, designated for aircraft activities, raised concerns over safety norms.

Passengers of a Goa Delhi Indigo flight which was ... morePassengers of a Goa Delhi Indigo flight which was delayed by over 10 hours were seen eating their dinner on the Mumbai airport tarmac.

Mumbai-Ahmedabad bullet train project. The company added that the order has been bagged from an authorised Japanese agency. "The railways strategic business group of L&T Construction has secured a mega contract to ....construct 508 route km of high-speed electrification system works for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project, popularly referred to as the bullet train project," the company said in a filing to BSE.

Delhi weather: 30 flights delayed, 17 cancelled due to bad weather conditions In a statement, IndiGo declared the passenger as 'unruly' and is contemplating placing him on the no-fly list for up to 30 days. The airline emphasised its commitment to passenger and crew safety, maintaining a zero-tolerance policy for such behaviour. "The incident is being referred to the independent internal committee for appropriate action and inclusion of the passenger on the 'no-fly list' as laid down in regulatory guidelines," stated IndiGo.

Farzi, streaming on Amazon Prime Video, topped India's 2023 charts as the most-watched Hindi web show with a staggering 37.1 million viewers, according to a report by Ormax, a media consulting firm. It was the first show of 2023 to surpass 30 million viewers, making it the all-time most-watched SVoD series in India.

Cost of Living LIVE Updates January 16: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

Even as Delhi shivers, tempers are flaring at its airport. On Monday, a passenger on a Delhi-to-Goa flight was arrested after he assaulted the pilot, who had stepped into the passenger cabin to announce a delay in taking off on account of heavy fog. While circumstances can get aggravating for passengers confined to a long metal tube for longer than they expect, what the irate passenger did was unpardonable.

MUMBAI : Livspace, a new-age home interiors solutions provider backed by private equity firm KKR, is planning to shift its domicile back to India, and list on local stock exchanges. Currently based in Singapore, the firm has initiated internal processes with the aim to go public in 2025, three people in the know of the development said. The company is looking to hit profitability by the end of the current financial year and is eyeing a listing opportunity in 2025, one of the three people cited above said, seeking anonymity.

Navi Mumbai, driven by transformative infrastructure projects such as the Mumbai Trans Harbour Link (MTHL) and the forthcoming international airport. The hospitality market is witnessing a surge in investments in the region, with Navi Mumbai, Panvel and Khopoli emerging as the prime locations for investors, said hotel industry executives and transaction advisory firms. Most of the leading hospitality brands are either looking to step up their presence or are entering the region. American hotel operator Radisson Hotel Group that currently has one property, Country Inn & Suites by Radisson at Turbhe in Navi Mumbai, recently signed up for a 100-room hotel in Khopoli and has another one of similar size coming up soon. The MHTL, which opened to the public on Saturday, is set to decongest Mumbai by improving connectivity between the island city and mainland and promoting the development of Navi Mumbai region. This significant infrastructure link spans a length of about 21.8 km.

₹30,000 for Novotel Goa resorts, which are not even on the beach. In contrast, we paid ₹9,000 for a hotel on the beach in Phuket that had a private pool and the rooms were almost three times bigger. Similarly, in Vietnam, we paid ₹6,000 for Movenpick Camranh, one of the best resorts I have ever been to," said Rai.

IndiGo aircraft at the Mumbai airport, sat on the tarmac, and some were also seen having food there as soon as their diverted Goa-Delhi flight landed after a long delay on Sunday. A short video clipping of the incident was shared on social media, following which Mumbai airport claimed that the airport operators in coordination with the Quick Response Team (QRT) of the CISF «cordoned off the passengers into a safety zone». An IndiGo spokesperson said the airline was looking into the incident and «sincerely apologised» to its customers. The flight that took off from Goa could not land at the Delhi airport due to dense fog, and was diverted to the Mumbai airport on Sunday. A significant number of flights were impacted at the Delhi airport on Sunday due to dense fog and low visibility conditions. «IndiGo flight 6E 2195 (Goa to Delhi) was diverted due to unfavourable weather conditions. As the flight was already significantly delayed in Goa, passengers were irate and rushed out of the aircraft as soon as the step ladder was connected,» a Mumbai airport spokesperson said in a statement. According to the spokesperson, the airport operator in coordination with CISF QRT cordoned off the passengers into a safety zone as «passengers refused to get into the airline coach and proceed to the terminal building». Further, the spokesperson said the passengers were kept under the strict watch of the airline authorities and security until further actions were taken. In a statement, an IndiGo spokesperson said the flight was diverted to Mumbai due to low visibility conditions in Delhi. «We sincerely apologise to our customers and are currently looking into the incident.