City Mumbai Financial News
02.01 / 06:18
cover
reports
travelers
week
Bharat Nyay Yatra schedule: Rahul Gandhi likely to spend a week each in Gujarat and UP: Report
Hindustan Times. According to two leaders who are involved in the planning the march, requesting anonymity told HT that Gandhi may spend almost a week in each of these states during the yatra. “Both UP and Gujarat will be given prominence during the yatra.
02.01 / 06:11
FIVE
HUL hit with ₹447.5 crore GST demands and penalties
₹447.5 crore from the authorities. In a regulatory filing, HUL -- which owns brands such as Lux, Lifebuoy, Surf Excel, Rin, Pond's and Dove -- said these "orders are currently appealable" and it will make an assessment.
02.01 / 01:42
Provident
Nestle
reports
evacuation
Stocks to Watch: Vodafone Idea, Vedanta, TVS Motor, Nestle India, LIC, SJVN
Vodafone Idea: News reports claim that the government could sell its 33% stake in Vodafone Idea to tech-billionaire Elon Musk and his satellite internet venture Starlink collaborating with the carrier. Securities and Exchange Board of India (Sebi) has sought a clarification from India’s third-largest telecom service provider on the development. Vedanta Ltd: The London-based parent of India’s Vedanta Ltd has received between 20% and 40% investor votes in favour of its $3.8 billion bond restructuring exercise as of 29 December.
01.01 / 19:50
Provident
Manufacturing
Mobile
show
cover
reports
The Musk factor driving the Vodafone Idea stock
Vodafone Idea Ltd’s stock rose to a 52-week high on New Year’s Day to ₹18.42, amid news reports claiming that the government could sell its 33% stake in Vodafone Idea to tech-billionaire Elon Musk and his satellite internet venture Starlink collaborating with the carrier. Securities and Exchange Board of India (Sebi) sought a clarification from India’s third-largest telecom service provider on the development. Though the stock saw huge delivery based buying over the two sessions , the Vodafone Idea futures contract didn’t witness much of a change in positions, indicating that traders in the futures segment might not have been as euphoric as those in the cash segment.
01.01 / 18:57
FIVE
Platform
pandemic
reports
Cookies, cakes & stakes: Theobroma may change hands
₹1,200 crore, a third person said the chain’s founding family plans to exit as well. The owners expect a valuation of around ₹2,800 crore for the company, the people said on condition of anonymity. Theobroma Foods Pvt.
01.01 / 17:18
Entertainment
film
Actor
country
stars
'Pathaan' star John Abraham purchases palatial bungalow for Rs 75 cr
Mumbai: Bollywood actor and producer John Abraham has snapped up a luxury property in the tony Khar area of the megapolis for over Rs 75 crore, according to sources. The 51-year-old actor-producer who is also an astute investor in many realty projects and companies apart from being a sports enthusiast, lives in a sea-facing penthouse on the Hiten Apartments on the Shirley Rajan Road in Bandra West.
01.01 / 16:51
Digital
Airlines
show
track
reports
Air India derosters pilot involved in hard landing incident in Dubai; orders probe
disastrous landing, an Air India flight was involved in a rough landing incident in Dubai on December 20, but fortunately nothing bad happened. The plane that went through the hard landing was a 5.5-year-old Airbus A320neo (VT CIQ) which did not suffer structural damage when it made the heavy landing (3.5 G) and came to a stop safely, TOI reported.
01.01 / 16:03
Death
Coronavirus
hospital
reports
testing
infection
Gurugram reports first Covid death in six months
woman infected with coronavirus died on Sunday, the first Covid death in the district in about six months, an official said. The woman, who was undergoing treatment at a private hospital for six days, was also suffering from diabetes, high blood pressure and other health issues, he said.
01.01 / 15:53
Manufacturing
Mobile
economy
reports
Tata Motors' December domestic sales rise 4% to 76,138 units
Tata Motors, a leading global automobile manufacturer, Monday reported that its total domestic sales increased by 4% to 76,138 units in December 2023 The Mumbai-based automaker dispatched 72,997 units to its dealers in December 2022. The company has reported a 9% increase in its total Passenger Vehicles (PV) sales, including electric vehicles, in the domestic market at 43,470 units in December 2023 as compared to 40,043 units in December 2022.
01.01 / 15:51
FIVE
Ball
economy
performer
information
Lessons in Economics from the IPL auction
₹24.75 crore. What explains this? First, Starc is a great T20 bowler, who has taken 170 wickets in the 121 T20 appearances at an average of 19.5 per wicket and an economy rate of 7.5 runs per over. Second, he will be playing IPL after eight years, bringing a certain novelty to the tournament and the team that he will play for.
01.01 / 15:48
film
Actor
reports
John Abraham buys ₹75-crore bungalow in Mumbai’s Khar area
John Abraham has purchased a 13,138 sqft luxurious bungalow with two floors in Mumbai’s Khar for over ₹75 crore. The bungalow is located at Khar's Linking Road, one of the biggest retail high streets in Mumbai. The deal came to light through property registration documents obtained by IndexTap.com.
01.01 / 13:31
country
cover
information
India, Pakistan exchange list of nuclear installations under 1988 bilateral pact
Pakistan on Monday exchanged a list of their nuclear installations under a bilateral pact signed in 1988 and came into force in 1991 that prohibits the two countries from attacking each other's atomic facilities. The list of nuclear installations and facilities, covered under the provisions of the Agreement on the Prohibition of Attack Against Nuclear Installations and Facilities, were simultaneously exchanged in New Delhi and Islamabad through diplomatic channels, the Ministry of External Affairs (MEA) said.
01.01 / 13:28
Target
reports
Khalistani leader Pannun threatens to 'target BSE, NSE', says dump Indian stock before March 12: Report
BSE from March 12 is aimed at destroying" India’s economic system, Pannun was quoted by News 18 as saying. According to the report, Pannun, a designated ‘terrorist’ in India, called for dumping Indian stock and purchasing American stock before March 12. "He also identified banks and corporates that trade internationally among the targets, the report added.
01.01 / 08:50
Waters
Parke
awards
voice
cover
social
Mumbai
Adani hires global team for Mumbai slum overhaul project
Gautam Adani's joint venture with Mumbai's slum rehabilitation authority has hired a global team to redevelop Dharavi, a key step in rebuilding one of Asia's biggest slums amid growing opposition to the project. Dharavi, about three quarters the size of New York's Central Park, is a crowded area that houses thousands of poor families in cramped quarters in the centre of India's financial capital. Many residents have no access to running water or clean toilets.
01.01 / 07:24
Manufacturing
Merit
blues
reports
Asian Paints gets tax demand of ₹13.83 crore, penalty of ₹1.38 cr from Tamil Nadu GST authority
₹13.83 crore tax demand, with a ₹1.38 crore penalty from the Deputy Commissioner of State Tax, Chennai, Tamil Nadu. "An order passed under relevant provisions of the Central Goods and Services Tax Act, 2017 and the corresponding provisions... demanding additional tax on outward supplies, disallowance on account of account of Input Tax Credit (ITC) mismatch between the purchases reported by the supplier in GT return and credit claimed by the company....," Asian Paints said.
01.01 / 04:59
Citi
Aware
reports
recommendations
Natural gas price slashed to $7.82 per mmBtu for January
₹0.50 to ₹4.50 per cylinder. The Petroleum and Natural Gas Regulatory Board (PNGRB) may recommend a specific allocation of natural gas used for cooking, two people aware of the matter told Mint earlier in December, 2023. City gas distributors (CGD) supply both compressed natural gas (CNG) for transportation and piped natural gas (PNG) for cooking.
01.01 / 04:35
Booking
Strategy
show
reports
Mumbai
Financial
Mumbai EOW arrests couple in Surat for multi-crore financial fraud in share trading firm
Mumbai Police's Economics Offence Wing (EOW) has apprehended Ashesh Mehta and Shivangi Lad Mehta in Surat. According to media reports, the couple is accused of orchestrating a massive financial fraud amounting to thousands of crores through their share trading firm.
31.12 / 20:29
IPO
Provident
Pool
Experts
show
stage
Funding winter for startups likely to thaw this year
MUMBAI : Venture capitalists, who had turned cautious amid last year’s high interest-rate regime and frothy valuations of startups not backed by fundamentals, are likely to return in 2024, betting on early-to growth-stage entities in their pursuit of the next set of winners. The new year will likely see a flurry of investors coming in to back companies, and funding rounds of Series A and beyond are likely to gain traction, industry experts and investors said. “There is adequate capital available, at least for the India opportunity.
31.12 / 16:33
Man
Mobile
track
Mumbai
Mumbai: Cop poses as food delivery agent to nab peddler, seize drugs worth ₹10 lakh
₹10 lakh in the western suburb of Jogeshwari here, an official said on Sunday. According to details, quoted by Hindustan Times and news agency PTI, the head of the crime branch unit 10 – Inspector Deepak Sawant – donned the uniform of a food delivery agent to apprehend the accused in the SV Road area in the intervening night of Saturday and Sunday. The accused, identified as Faisal Akbar Makhanoja, was nabbed by Sawant and his team after a chase.
31.12 / 16:30
Provident
Remark
Instagram
love
recommendations
Mumbai
Video of Mumbai restaurant's ant-garnished cocktail goes viral; netizens say, ‘going to be like China soon’
Mumbai. The black ants have been shared as garnish for the beverage. The video has been shared by Instagram user Nitin Tewari, whose handle read mr.bartender.
31.12 / 16:29
Citi
Action
Entertainment
Celebrity
Inside
social
New Year advisory: Delhi Police 'Zara Hatke' word of caution, Assam Police's 'buffet' on avoiding 'Custur-tudy'
'Zara Hatke' word of caution by the Delhi Police has gone viral on social media. Police also advised people to not unleash the "Animal" inside while partying. "Agar Animal banke Bawaal ya non-stop Dhamaal machaaya toh kahin aisa na ho ki 2024 ka pehla din apni the Great Indian Family ke bajay Indian Police Force ke sath manaana pade." ALSO READ: New Year 2024: Top 6 ideas to have cozy yet memorable and entertaining celebrations at home with family and friends This could be translated to: “If you create ruckus by becoming an animal or your actions lead to fracas, then you might end up with the police on the first day of the new year 2024." While the Delhi Police's advisory had a Bollywood twist, the Assam Police offered a "feast with Assam Police while sharing a "Rule Breaker Buffet".
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