City Mumbai Financial News

07.01 / 06:36
markets Citi CEO Mobile Tesla country reports View: Time for India to move into top gear with an eye on 2030 EV public infra goal
Elon Musk arriving in India next week to announce a Tesla manufacturing unit in Gujarat (although no official confirmation has come yet), the focus has once again shifted to ramp up the public infrastructure for electric vehicles (EVs) in the country in order to meet the ambitious 2030 goal of the government. India needs to have a robust backbone for charging infrastructure across the length and breadth of the country with considerations of traffic and population density, as it aims to break the barriers for large-scale adoption of electric vehicles. India's top nine cities, with a population of over 40 lakh each, would require 18,000 public EV charging stations by 2030, according to the recent government data.
07.01 / 06:36
Citizens Mobile social travelers Traffic Videos Investigations Mumbai Passenger exposes cab driver's concerning behaviour; Uber & Mumbai Police investigate
Mumbai has stirred concerns about passenger safety as a citizen captured footage of an Uber driver watching videos on his mobile phone while navigating through busy streets. The passenger, identified as Venkat, shared the video on social media, expressing alarm over the driver's unsafe behaviour during the ride. In the video, the Uber driver is seen scrolling through content on his phone, which was placed on his lap while driving. Venkat took to social media, posting, «I am not feeling safe to travel in @Uber_India these days as the drivers are driving dangerously.
07.01 / 05:19
UPS Citi Waves Man community Schools 96-year-old Karsevak Shalini Dabir recalls memories of Babri structure's collapse
Ram Mandir movement in the 90s, has been invited to the consecration ceremony of Lord Ram at Ram Mandir in Ayodhya on January 22. Dabir is specially invited to attend the historic event scheduled to take place in the holy city. Recalling the memory of the collapse of the Babri structure, she also recounted her memories of how she was 'compelled' to be locked in a school as the jails were full. Dabir, who was 63 then, reached Ayodhya, walking 60 km, and witnessed the waving of saffron on the Babri structure after reaching Ayodhya on October 30, 1990. Dabir, who hails from Maharashtra and left Mumbai in 1990 for Kar Seva. «There were bullets firing at the Karsevaks, and the police tortured us the most… The UP Police arrested a group of women karsevaks from Dadar and placed them on school premises. I was locked in a school as the jails were full,» she said. She also claimed that she not only experienced lathicharge but also tear gas and firing around her. She claimed that a bullet had just gone past her. «The person next to me died with the bullet,» she added. Shalini also said, «After many efforts, a wall was not falling, then a monkey sat on that wall and everything turned to dust because he had applied pressure to the wall and it collapsed.» «After the collapse of the Babri structure, a man belonging to the Muslim community came and offered sweet, saying, 'You people have now got what you wanted'.
06.01 / 13:00
markets FLEX reports testing Features Uber tests ‘Flex' feature in India, allowing riders to choose tailored fare preferences: Report
Uber stated to the publication that they are currently experimenting with this feature in select Tier 2 and 3 markets in India. As per a report from India Today, Uber Flex introduces a range of nine pricing choices for riders when booking a ride, departing from the conventional dynamic pricing model. Within these options, one price is designated as the default or starting price.
06.01 / 11:42
Fighting Injustice love Justice voice rights Bharat Jodo Nyay Yatra: Congress unveils logo, slogan and aim of 6000-km long march
ALSO READ: Bharat Jodo Yatra 2.0: Rahul Gandhi to start Bharat Nyay Yatra from Manipur to Mumbai on January 14. Details here "We are coming again in this fight for justice against injustice. Taking along the love and prayers of crores of countrymen, to give a befitting reply to dictatorship and arrogance.
06.01 / 09:36
Platform performer social song singer Videos Who is Swati Mishra? Singer who received PM Modi's praise for her 'Ram Ayenge' bhajan
Swati Mishra, a singer has recently garnered sudden attention after her recent bhajan 'Ram Ayenge' caught the attention of Prime Minister Narendra Modi. PM Modi took to his social media account on 'X' to share the video of Mishra's bhajan.
06.01 / 01:31
COST Citi CEO Metro Sony Updates NOT Income tax HRA: Why Bengaluru is not considered a metro city for taxpayers?
Bangalore undeniably shares attributes of other metros like high population density, significant economic activity, and a fast-paced lifestyle, it's still categorized as a non-metro for HRA purposes. This means residents can only claim 40% of their basic salary as tax-exempt HRA, compared to the 50% allowed in the four designated metros," said Abhishek Soni, CEO and Co-founder of Tax2win.
06.01 / 01:29
Booking security Inside sanitizer Investigations Mumbai Mumbai museums receive bomb threat emails, police book unidentified people
Mumbai Police receive threat of blasts ahead of New Year, investigation underway Based on the complaint filed by the museum management, an offence under section 505 (1) (b), 506 (2), 182 of the Indian Penal Code was registered against unidentified persons at Colaba police station. An investigation into this matter is underway.
05.01 / 15:05
markets Citi FIVE performer country cover exclusive DHC Advisory’s co-founder buys sea-view luxury duplex in SOBO's Breach Candy for Rs 85 cr
Dilip Bhikhalal Desai, co-founder & chairman of professional services firm DHC Advisory LLP, has purchased a sea-view luxury duplex apartment in a super-premium tower opposite the Breach Candy Club in South Mumbai’s plush Breach Candy locality for over Rs 85 crore. The transaction values the apartment spread over 5,874 sq ft on the 10th and 11th habitable floor of super-luxury residential tower Bishopsgate at nearly Rs 1.45 lakh per sq ft, pushing it higher in the tally of most expensive homes sold on per sq ft basis anywhere in the country. Kolkata-based Desai has acquired the property along with his wife from a private family trust based out of Mumbai. The buyers have paid Rs 5.10 crore as stamp duty alone for the registration of the deal that took place on December 13. As per the agreement, the buyer will also get exclusive access to a total five covered car parking slots in the tower along with the duplex apartment, showed the documents accessed through IndexTap.com. Mumbai-headquartered DHC Advisory is among the oldest Indian professional services firms with presence across 11 cities and 20 offices.
05.01 / 12:20
UPS security hospital 2020 reports Maharashtra: Dawood Ibrahim's ancestral property auctioned for ₹2 crore
₹15,440 was auctioned by the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Authority (SAFEMA) at ₹2 crore on Friday. Notably, this was the smallest plot of the four properties belonging to his family members. These four properties are located at Mumbke village in Khed tehsil of coastal Ratnagiri district in Maharashtra.
05.01 / 09:59
markets UPS Citi Remark Metro Experts surges Demand for luxury housing in India surges, villas most popular in metro cities: NoBroker
Why one should invest in real estate in Bengaluru: Experts share 5 profit tips Among the housing units, the appeal of owning a villa has intensified in the metro cities. Delhi-NCR, Mumbai-MMR, Hyderabad, and Bangalore have seen the greatest demand for these luxury properties.
05.01 / 08:22
Cooper Remark Discover prevention Courts Investigations ED searching 6 locations, one related to Sharad Pawar's nephew, in relation Maharashtra Co-operative Bank alleged scam
Sharad Pawar faction leader Jitendra Awhad 'regrets' his 'lord Ram was non-vegetarian' remark The six locations include Amravati, Aurangabad, Baramati, and Pune, the sources added. The money laundering case stems from an August 2019 FIR of the Mumbai Police Economic Offences (EOW) wing.
05.01 / 08:21
markets Citi economy Sustainability trends reports Housing sales in top eight cities witness 33% YoY growth in 2023: Report
Residential real estate sales in India were at their highest since the peak seen in 2013, witnessing a 33 percent YoY growth, with a total of 4.10 lakh units sold during calendar year 2023, according to the latest report by PropTiger.com.
05.01 / 06:35
UPS Manufacturing Trade 2020 reports week Alok Industries shares jump around 16%, up for 3rd time this week; here's why
Alok Industries rallied almost 16 percent in trade on Friday, spiking for the 3rd time this week, after Reliance Industries invested ₹3,300 crore in the company by subscribing to preferential shares. The stock jumped as much as 15.8 percent to its 52-week high of ₹31.45. Before this, it rose 7 percent on January 3 and hit its 20 percent upper circuit on January 2 (when the announcement was made).
05.01 / 06:08
UPS Election country cover travelers NOT 'People will not vote for Rahul Gandhi': AIUDF chief on Bharat Jodo Nyay Yatra
Congress renames upcoming march, to embark on Bharat Jodo Nyay Yatra from Jan 14 Ajmal said that earlier Rahul Gandhi travelled 50% of the country during 'Bharat Jodo Yatra'. 'But what they got the results in the election, did they get the expected results?' asked Ajmal. On ED's notice to Arvind Kejriwal, Ajmal said, "PM Modi will put Jharkhand's Hemant Soren and Kejriwal behind bars".
04.01 / 18:15
markets UPS Manufacturing Trade show country International India has the potential to become the world’s largest gems and jewellery exporter, says Piyush Goyal
potential to become the world’s largest gems and jewellery exporter, commerce and industry minister Piyush Goyal said at the inaugural event of the five-day India International Jewellery Show on Thursday. The country can be a proficient lab-grown diamond maker, impeccable design centre and technologically advanced machinery manufacturer, he said. “It’s time we embark on the journey to realise our true potential and show our prowess to the world,” said Goyal. The five-day exposition comprises about 1,500 exhibitors and 3,000 stalls. The largest jewellery trade show in the country kicked off against the backdrop of a consistent surge in gold prices in the domestic market and a sluggish exports market. Sharing his outlook on the market, Vipul Shah, chairman, Gem & Jewellery Export Promotion Council said gold prices are set to skyrocket further due to a combination of factors, the most important being the “de-dollarisation trend” which is prompting people across the world to invest in gold as an asset class. Geopolitical factors will also contribute to the prices going up further, he said. Meanwhile, exports which fell 20-22% year-on-year in the first nine months of this financial year, are likely to end the fiscal with almost a 25% decline year-on-year, said Shah. Goyal said massive investments are being made to create a world-class infrastructure, including the 20-acre India Jewellery Park in Navi Mumbai and a common facility centre in SEEPZ Mumbai with modern machinery and equipment.
04.01 / 14:25
CEO Mobile Sustainability pandemic blues hospital Videos Breach Candy Hospital CEO turns autorickshaw driver, Anand Mahindra lauds him for promoting sustainable transportation
Business tycoon Anand Mahindra took to X (formerly Twitter) on Wednesday and shared a video of Anirudh Kohli, the CEO of Breach Candy Hospital, Mumbai, driving an auto rickshaw. The deep blue coloured auto-rickshaw was a Mahindra Last Mile Mobility, an electric three-wheeler. The Mahindra Group Chairman wrote that Kohli had loved the auto-rickshaw.
04.01 / 14:03
markets UPS Citi pandemic trends country reports Why bigger and more shopping malls are coming up in top cities
shop online. After the Covid lockdowns, retailers had started shutting stores or reducing the size of stores to save on rentals.
04.01 / 13:10
Provident Target trends hospital reports week Indian Hotels shares hit 52-week high, what drove the rally?
₹458 on January 4. This uptrend followed a positive move by global brokerage firm Morgan Stanley, which raised the target for IHCL to ₹490 from ₹450. This adjustment implies a potential upside of 7 percent from the current market levels.
04.01 / 12:34
cover travelers Congress renames Rahul Gandhi-led yatra as Bharat Jodo Nyay Yatra
Rahul Gandhi-led Manipur-Mumbai yatra starting on January 14 as 'Bharat Jodo Nyay Yatra' which will travel through 15 states, including Arunachal Pradesh. This was announced by Congress general secretary Jairam Ramesh after a meeting of party general secretaries, state in-charges, state unit chiefs and Congress Legislature Party leaders chaired by party chief Mallikarjun Kharge at the Congress headquarters here.
04.01 / 10:32
Career security War electronic 2020 Schools Colleges Vice Admiral Dinesh K Tripathi takes over as Vice Chief of Naval Staff
Dinesh K Tripathi took charge as the Vice Chief of the Naval Staff on Thursday. Prior to his current appointment, Vice Admiral Tripathi served as the Flag Officer Commanding-in-Chief (FOC-in-C) of the Western Naval Command. An alumnus of Sainik School Rewa and the National Defence Academy, Khadakwasla, Vice Admiral Tripathi was commissioned into the Indian Navy on July 1, 1985. Specializing in Communication and Electronic Warfare, he has an illustrious career serving on frontline warships, including stints as Signal Communication Officer and Electronic Warfare Officer. Vice Admiral Tripathi commanded Indian Naval Ships Vinash, Kirch, and Trishul, demonstrating his leadership and operational skills. Throughout his career, he held various crucial operational and staff positions, such as Fleet Operations Officer of the Western Fleet at Mumbai and Principal Director of Network Centric Operations at New Delhi. Promoted to the rank of Rear Admiral, he served as Assistant Chief of Naval Staff (Policy and Plans) at NHQ and Flag Officer Commanding Eastern Fleet.

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