City Mumbai Financial News

26.12 / 13:41

Digital Aware Action President information reports Brightcom Group files fresh application seeking stay on Sebi order

MUMBAI : Brightcom Group Ltd has filed a fresh application before the Securities Appellate Tribunal seeking a stay on the market regulator’s order restraining ace investor Shankar Sharma and others from selling shares in the digital marketing company. The Securities and Exchange Board of India had in August restrained Brightcom’s then chairman and managing director Suresh Kumar Reddy and chief financial officer Narayan Raju from holding directorial positions following an investigation into alleged irregularities in preferential allotment of shares. Brightcom in its petition said the allegations made in Sebi’s order were “baseless and completely unfounded".

26.12 / 12:55

Reuters Gap Software show electronic travelers India's current account gap narrows, BoP in surplus in Q2 FY24 - cenbank

By Swati Bhat

26.12 / 12:49

Bill Instagram show reports Airport food price jolts netizens again; dosa the culprit this time

Mumbai airport reportedly charged an extortionate amount for a basic masala dosa. As shown in an Instagram clip, the restaurant at Mumbai's Chhatrapati Shivaji Maharaj International Airport priced its masala dosa at Rs 600. The video shows the restaurant's price list, which prices a basic masala dosa with buttermilk at Rs 600. A benne khali dosa costs even more — Rs 620.

26.12 / 12:46

reports RBI, banks receive bomb threats demanding Nirmala Sitharaman and Governor Das' resignation: Report

HDFC and ICICI, on Tuesday received threatening mail demanding resignation of Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das. The sender has claimed that bombs would be planted at RBI's and premises of two banks if their demands are not met, media reports suggest. «We have planted „11“ bombs in different locations of Mumbai RBI along with private sector banks have executed the biggest scam in the history of India,» the email read.

26.12 / 12:31

reports RBI, HDFC, other banks receive bomb threat, sender demands resignation of Nirmala Sitharaman, Shaktikanta Das

threat email accessed by ABP news read: "We have planted 11 bombs in different locations in Mumbai. RBI along with private sector banks have executed the biggest scam in the history of India. The scam involves RBI Governor Shaktikanta Das, Finance Minister Nirmala Sitharaman, some of the top banking officials and some renowned ministers of India." ALSO READ: Delhi's Amrita School gets bomb threat via e-mail; nothing suspicious found yet The Mumbai Police said, “A total of 11 bomb threats were made at 11 places in Mumbai." Moreover, the email also mentioned the location where three bombs were plants.

26.12 / 11:07

President country Jammu & Kashmir can become Gaza in absence of India-Pakistan dialogue: Farooq Abdullah

ANI. The National Conference president also urged the leaders of both India and Pakistan to find a solution to their bilateral issues through dialogue. “(Late former prime minister) Atal Bihari Vajpayee had said that we can change our friends but not our neighbours.

26.12 / 10:27

Provident Target Action Southern country SOLIDARITY 'We will find them from depth of seas': Rajnath Singh says India will take action over ship attacks

INS Imphal’ in Mumbai on Tuesday, Singh said, "India's growing economic and strategic power has filled some forces with jealousy and hatred." ALSO READ: MV Sai Baba with Indian crew, among other ships attacked by Houthi drone in Red Sea. Here's what we know so far He added that India has intensified patrolling of seas after recent attacks on merchant navy ships. "The Indian Navy has increased surveillance of the sea.

26.12 / 08:58

Citi CEO economy performer record high Office space leasing in India reaches a record high in 2023

Savills India. Bengaluru, Delhi-NCR and Mumbai are the top 3 performing cities and contributed to nearly 60% of the gross leasing activity in 2023. “Indian office market has seen an all-time high leasing in 2023, reversing the tides of subdued demand till six months ago. Mumbai and Chennai hit their peaks, as the second half of 2023 recovered strongly compared to the trailing 12 months (June 2022-June 2023). The renewed confidence of the markets bodes well for the industry as well for the economy, especially as we tread into a year of major democratic elections, in India as well as the US” said Anurag Mathur, CEO, Savills India. Mumbai saw record leasing activity at 10.1 mn sq.

26.12 / 08:04

Target Cooper Citizens reports Mumbai Aaditya Thackeray targets BJP over delay in Mumbai Trans Harbor Link inauguration, ‘discriminatory treatment as state’

Mumbai Trans Harbour Link (MTHL) inauguration which was earlier speculated on December 25. CM Eknath Shinde earlier announced that the first phase of Mumbai’s ambitious coastal road, from Marine Drive to Worli, will be operational by the end of January 2024. “For those residing in Maharashtra.

26.12 / 06:13

BLOCK Remark Highways reports travelers Traffic Mumbai Traffic Chaos on Mumbai-Pune Expressway: 12-km long jam burns clutch plates of over 100 cars

Christmas weekend, the Saimal to Dasturi section of the Mumbai-Pune national highway witnessed the burning of clutch plates in over 100 cars, with a similar fate befalling more than a dozen vehicles on the Dheku village stretch of the Mumbai-Pune expressway. The incidents occurred during the holiday rush, spanning from Friday evening to Sunday night, a TOI report stated. To manage the aftermath, towing vans from the highway safety patrol were deployed in the ghat section to clear the Pune-bound carriageway.

26.12 / 05:10

IPO Provident band track Suraj Estate Developers share price debuts with 5.55% discount at ₹340 on NSE

₹340 per share, 5.55 percent lower than the issue price of ₹360, and on the BSE, the stock was listed at ₹343.80 apiece, a 4.5 percent discount. Suraj Estate IPO was open for subscription between December 18-20 for a price band of ₹340-360 per share. Ahead of the IPO, it raised ₹120 crore from 11 anchor investors allotting 33.33 lakh equity shares at ₹360 apiece.

26.12 / 03:26

IPO Experts track information recommendations Suraj Estate IPO listing date today. GMP, experts see a positive debut of shares

Suraj Estate IPO: Listing date for the initial public offering (IPO) of Suraj Estate Developers Limited has been fixed on 26th December 2023. As per the information available on BSE website, Suraj Estate share price will list on BSE and NSE during Tuesday deals in special pre open session. Suraj Estate IPO listing will take place in 'B' group of securities.

26.12 / 03:23

FIVE Platform show country social reports travelers Real-life ‘Dunki’: 25 stay back to seek asylum in France as charter plane carries Indians back home after 4-day halt

left Vatry airport near Paris at 2:30 PM local time, reaching Mumbai after 4 AM. The flight was originally en route to Nicaragua from Dubai. French authorities interrupted it for a technical stopover after an anonymous tip, AFP reported.

26.12 / 03:22

Target Southern reports Indian Navy deploys 3 warships in Arabian Sea after attacks on merchant vessels

MV Chem Pluto on its arrival at Mumbai harbor. Officials said the Navy deployed P-8I long-range patrol aircraft for surveillance, and warships INS Mormugao, INS Kochi, and INS Kolkata in the region to maintain a “deterrent presence. This came given the spate of attacks on commercial vessels in the Arabian Sea.

26.12 / 02:29

Provident Experts prevention Fundraise by co rated 'D' a sign of junk bond market breaking free

debt markets appear to have come of age, with companies that defaulted on repayment deadlines still able to face potential investors and raise funds, promising a turnaround in their fortunes. Recently, a real estate company with a D rating (indicating default) raised ₹95 crore from the private placement bond market — sending early signs of the evolution of the junk bond market in India. Mumbai-based Damji Shamji Realty raised ₹95 crore from the bond market in mid-December despite being assigned a D rating by India Ratings and Research, according to a stock exchange disclosure.

26.12 / 01:41

Citi Aware track information reports Department Tech & Taxes: I-T lens on mismatch in TDS and claims

claims can drag both under the taxman's glare. The Income Tax (I-T) department is using a fine-tooth comb to nab discrepancies in the tax deducted at source, or TDS, by companies and the declarations by its employees in the annual I-T returns. What's underway is a line-wise reconciliation of the two sets of numbers under different heads — house rent allowance, medical insurance, outgo on home loans, tax saving investments under 80c etc. Around early December, several companies in Mumbai, Delhi and other big cities have been served notices under Section 133C which was introduced in 2014-15, empowering authorities to call for information to verify details.

26.12 / 01:40

Provident Airlines country information reports Department Mumbai Plane with Indians grounded in France over human trafficking lands in Mumbai

passengers, mainly Indian, and previously grounded in France due to suspected human trafficking, touched down in Mumbai during the early hours of Tuesday. According to officials, the aircraft completed its journey, departing from Vatry airport near Paris at approximately 2:30 pm local time and arriving in Mumbai shortly after 4 am. Based on information from French authorities, the aircraft carried 276 passengers when it departed for Mumbai. Twenty-five individuals, including two minors, had indicated their intention to seek asylum and remained on French territory. Two additional individuals were apprehended and subsequently brought before a judge.

25.12 / 19:02

Aware pandemic show Small investors make up a big bunch. Do they pack a punch too?

MUMBAI : Individuals who invested up to ₹10,000 in the stock market made up a third of the entire investing community, including institutional and non-institutional, November data from National Stock Exchange (NSE) showed, even as their contribution to the turnover remained fractional. The data, considering so-called active investors who invested at least once a month, shows how an increasing number of small investors has been crowding the market bandwagon and investing part of their investible surplus in stocks in the past few years since the pandemic years of 2020-21 and 2021-22.

25.12 / 18:06

Citi Provident Strategy awards country prevention guidelines ET explainer: TDRs, tool for structured, planned urban growth

Dharavi, spread over 600 acres of prime land in the heart of the country's commercial capital, Mumbai has intensified the discussion surrounding Transferable Development Rights (TDRs). The concept of TDRs originated in New York City in the early 1960s. While it has been utilized worldwide since then, it has garnered increased attention, particularly in major Indian cities over the past few decades.

25.12 / 13:13

Mobile Photography reports Department Welcome to the future? THIS mysterious valley in Jharkhand runs ahead in time by 2 years

ALSO READ: Exploring the mystery of invasion by ballooning Dr Bacha Ram Jha, Head of the Geology Department of Ranchi University, was quoted by News 18 as saying that granite stone found in the Chunki Taimara Valley has magnetic properties. "Due to any magnetic effect, the time of the clock can change; but in this matter, more discovery and research are needed, so that the true fact can be known," Jha had said earlier. ALSO READ: The new Harry Potter game is all about the life in Hogwarts On the contrary, Dainik Jagran shared a first-hand experience from the valley and said many people told its media correspondent that it was rumour.

25.12 / 13:10

Citi Progressive Celebrity travelers Traffic Updates Mumbai Christmas day sees traffic mayhem in Manali, Mumbai-Pune Expressway | Top updates

find solace in the mountains found themselves in the middle of chaos as they waited for hours in long traffic jams across the popular tourist destinations in Himachal Pradesh. The government is expecting more than one lakh tourists around Christmas and New Year, and the administration has made special arrangements for the same. The people commuting on the Mumbai-Pune Expressway faced the same ordeal as the roads remained packed with travelers out to celebrate the three-day Christmas weekend.

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