City Mumbai Financial News
25.12 / 11:48
Target
Action
Southern
cover
reports
SOLIDARITY
Iran spars with US over drone strike accusation off India's west coast - Here's all you need to know
MV Chem Pluto, off the coast of India in Arabian Sea, Iran's foreign ministry rejected "worthless" Washington's accusations. "We declare these claims as completely rejected and worthless," said foreign ministry spokesman Nasser Kanani when asked about the US accusations.
25.12 / 11:17
Citi
Racing
awards
innovations
Climate change greater threat to human race than world wars: Sonam Wangchuk
Sonam Wangchuk on Saturday asserted that climate change poses a greater threat to the human race than world wars. He underlined the role of tribal communities in protecting the environment and urged the residents of modern cities to learn the sustainable way of living from the people who live in harmony with the nature.
25.12 / 11:16
Target
Man
shootings
reports
shock
medicines
Mumbai
Swiggy responds after Mumbai man finds half-cooked tablets in food
Leopold café through aggregator Swiggy. The incident came to public attention when the man, named Ujwal Puri, shared images and a video of the food he was delivered. He posted on X (formerly Twitter): «My Mumbai Christmas Surprise ordered food from Swiggy from Leopold Colaba got this half cooked medicine in my food.» It may be mentioned here that he had ordered chicken in oyster sauce. In his post, Puri also tagged Swiggy. Puri's post quickly went viral.
25.12 / 07:11
Citi
Platform
Metro
stage
country
PE investments in real estate decline by 44% to $3.0 bn in 2023: Knight Frank India
India’s real estate market received private equity (PE) investments of USD 3.0 billion from 23 deals in 2023 (January 01 – December12, 2023), as against USD 5.3 bn recorded in 2022, according to Knight Frank India.
25.12 / 06:25
Citi
Airlines
travelers
Hyderabad-bound Vistara flights turn back due to averse weather condition
Vistara flights bound for Hyderabad from Bengaluru and Mumbai had to return to their respective departure cities on Monday morning. The first one, UK837 traveling from Mumbai to Hyderabad, had to go back to Mumbai because of unfavourable weather at the Hyderabad airport. Similarly, the second flight, UK897 from Bengaluru to Hyderabad, was diverted and returned. #DiversionUpdate: Flight UK873 from Mumbai to Hyderabad (BOM-HYD) has returned to Mumbai (BOM) due to bad weather at Hyderabad airport and is expected to arrive in Mumbai at 0915 hours. Please stay tuned for further updates. — Vistara (@airvistara) December 25, 2023 «Flight UK873 from Mumbai to Hyderabad (BOM-HYD) has returned to Mumbai (BOM) due to bad weather at Hyderabad airport and is expected to arrive in Mumbai at 0915 hours,» the airline posted on X (formerly Twitter). #DiversionUpdate: Flight UK897 from Bangalore to Hyderabad (BLR-HYD) has returned to Bangalore (BLR) due to bad weather at Hyderabad airport and is expected to arrive in Bangalore at 0940 hours.
25.12 / 06:20
Airlines
reports
Department
Fog alert! Flight operations affected in Delhi, Hyderabad due to bad weather
Telangana Today report, on 25 December, Hyderabad witnessed dense fog for the second day in a row. At Rajiv Gandhi International Airport, the visibility decreased to just 300 metres, which was a first for this winter season.
25.12 / 05:40
Booking
Man
reports
Mumbai
Former girlfriend booked for abetting 20-year-old student to suicide in Mumbai
Mumbai took his own life on November 1, and now, almost two months later, his former girlfriend is facing allegations of abetting the suicide. Pratham Howal's father, Sachin Howal, revealed in a recent police complaint that his son resorted to hanging himself due to the unbearable pressure arising from his ex-girlfriend's alleged blackmail, a TOI report stated. According to Sachin Howal, the young man had been subjected to relentless demands by his former partner, who insisted on a payment of Rs 1 lakh.
25.12 / 05:19
film
Instagram
Actor
love
performer
beautiful
social
Arbaaz Khan commences 'a lifetime of love and togetherness' with Shura Khan, shares first pic from intimate wedding ceremony
Arbaaz Khan embraced a new chapter in his life on Christmas Eve, exchanging vows with make-up artist Shura Khan in an intimate ceremony held at the Mumbai residence of his sister, Arpita Khan Sharma. The couple, who met on the sets of Arbaaz's upcoming movie 'Patna Shukla,' shared the joyous news on their Instagram pages, expressing gratitude for the presence of their loved ones.
24.12 / 22:50
Stealth
reports
India set to step up presence in Arabian Sea; inspects vessels
India is set to step up presence in the Arabian Sea after a tanker ferrying goods to Mangalore was attacked by a drone off the Porbandar coast. Additional deployments to ensure the safety of commercial shipping in the region are likely to take place shortly. Officials said that Indian warships are already present in the area and are conducting searches on nearby vessels, while the stricken MV Chem Pluto is being escorted to Mumbai by a coast guard vessel.
24.12 / 21:59
Manufacturing
stage
Tata Steel plays the long game in India's infra boom
MUMBAI , NEW DELHI : Tata Steel Ltd is looking to capture India’s infrastructure boom by doubling the manufacturing of long steel products used in construction over the next six years, a top company executive said. Currently, three-fourth of its capacity is in flat steel, used in automobiles and consumer goods. The company will boost capacity at its recently acquired Neelachal Ispat Nigam Ltd (NINL) to 5.5 million tonnes per annum (mtpa) from the present 1 mtpa, said Ashish Anupam, vice-president, long products at Tata Steel.
24.12 / 19:55
Citi
CEO
Metro
reports
travelers
Rentals in prime micro-markets surge on rising demand for larger homes
Renting costs in prime residential micro-markets in Mumbai, Delhi, Bengaluru, Noida, and Gurugram have surged by up to 35% in 2023, driven by the resumption of normal office routines by corporate employees who had chosen to work from non-metro locations through the Covid years. Central Delhi, Golf Course Road, and Dwarka Expressway in Gurugram have witnessed the highest appreciation of 35% while in Mumbai, rentals have increased by 19%. As per Savills India, cities are observing a rise in average rental values due to the increasing demand for leasing larger homes, with improved amenities gaining momentum.
24.12 / 19:54
Stealth
reports
India set to set up presence in Arabian Sea; inspects vessels
India is set to step up presence in the Arabian Sea after a tanker ferrying goods to Mangalore was attacked by a drone off the Porbandar coast. Additional deployments to ensure the safety of commercial shipping in the region are likely to take place shortly. Officials said that Indian warships are already present in the area and are conducting searches on nearby vessels, while the stricken MV Chem Pluto is being escorted to Mumbai by a coast guard vessel.
24.12 / 17:51
Provident
information
reports
Indian Navy closely monitoring situation in Arabian Sea after suspected drone attack
Indian Navy swiftly responded to the maritime incident involving a drone attack on MT Chem Pluto in the Arabian Sea and continues to monitor the situation very closely with all stakeholders, the Ministry of Defence informed in a press release. The vessel with 22 crew (21 Indian and one Vietnamese) was reported on fire after being hit by a projectile at around 7:45 am on December 23 likely to be a missile or drone. Responding swiftly to the developing situation, the Indian Navy diverted a maritime patrol aircraft operating in the area to undertake routine surveillance. Indian Navy also diverted the Indian naval ship Mormugao to assess the situation and provide assistance to MT Chem Pluto. The naval maritime patrol aircraft overflew MT Chem Pluto at 1:15 pm on December 23 and established contact with the crew.
24.12 / 17:41
Booking
band
show
cover
Retail versus FPIs, the tug-of-war building in derivatives
MUMBAI : A battle of nerves has built up in India’s derivatives market with foreign portfolio investors (FPIs) betting the indices will rise further, while an opposing camp of retail and wealthy investors is equally convinced they can correct. Even as markets have hit record highs, National Stock Exchange’s Client category—comprising largely high-net-worth individuals (HNIs) and retail investors—has taken a sizeable bearish position on index futures contracts, mainly the Nifty and the Bank Nifty, while FPIs have a bullish position on them. NSE data showed that Client held 85,251 cumulative net short contracts as of 22 December, while FPIs held 84,690 net long contracts.
24.12 / 17:04
gatherings
Businesses from Maharashtra being 'snatched' to strengthen Gujarat: Uddhav Thackeray
Shiv Sena (UBT) chief Uddhav Thackeray on Sunday alleged industries and businesses from Maharashtra are being «snatched» to make Gujarat stronger. He also expressed apprehensions that north Indian migrants settled in Mumbai and nearby areas will be forced to shift to Gujarat for employment. Addressing a public event of north Indians in Mira Bhayander area, Thackeray said, «Most of you are assimilated with local people like sugar and milk.
24.12 / 16:18
country
India's Olympic bid: Ahmedabad's Sardar Patel complex to be venue, says Amit Shah
Amit Shah on Sunday expressed hope the 2036 Olympics will be held in the Sardar Patel complex coming up close to the imposing Narendra Modi cricket stadium here. In October, Prime Minister Narendra Modi had said during an event in Mumbai that the country would submit a bid to host the Olympics that year. The Gujarat government has engaged the services of some of the finest firms to create sports infrastructure to ensure it can host the event.
24.12 / 13:25
Citi
Experts
show
cover
information
Modest placements at engineering, business schools spark repayment concerns
MUMBAI : It has been a tepid student placements season so far at India’s engineering colleges, and a similar lull is expected in business schools, particularly in the small cities. But for some, there's a bigger worry: without a job straight out of college, or jobs at lower salaries than expected, students who’ve borrowed lakhs of rupees to fund their expensive education might struggle to repay. While banks and non-banks—the ones who should be concerned—do not seem perturbed, faculty members Mint spoke with fear that the number of students defaulting on their loans could rise on the back of an estimated drop in median salaries.
24.12 / 12:57
Citi
Celebrity
beautiful
dance
hospital
travelers
Christmas takes over India, one city at a time, starting with Mizoram, Shimla, and Bengaluru
Christmas 2023: Christmas is almost here, and churches all over India are getting ready for the big day. They're shining with lots of bright colors and decked out in Christmas decorations, making everything look really cheerful. The streets of Aizawl in Mizoram are transformed into a dazzling spectacle of lights and decorations.
24.12 / 11:39
Citi
Stealth
reports
Mumbai
Indian Navy all set to commission INS Imphal at Mumbai's Naval Dockyard on December 26
ANI quoted Indian Navy as saying. Earlier on 29 November, Rajnath Singh unveiled the crest of Yard 12706 (Imphal) – Indian Navy's third stealth guided missile destroyer, reported Times of India. ALSO READ: Indian Navy aircraft establishes connection with Israel-linked ship hit by drone strike near Indian coast | 10 Points Named after Imphal, the INS Imphal is the first capital warship that has been got its name after a city in the northeastern region.
24.12 / 05:36
Reuters
Waters
Platform
Action
Assurant
information
reports
Navy investigating drone attack on merchant ship off Indian coast: Officials
Indian Navy warship INS Mormugao reached MV Chem Pluto, the India-bound merchant vessel, which was 'attacked' by an Iranian drone, on Saturday night and ascertained details of the attack, officials informed on Sunday. According to officials, the Indian Navy has opened an investigation into whether the drone used to attack the vessel was launched from long range or from a nearby vessel. «The vessels operating in the area where the attack took place are being checked,» an official told ANI.
24.12 / 03:26
Metro
film
performer
country
audience
stars
Dunki box office collection day 3: Shah Rukh Khan's film sees slight jump; earns ₹26.6 crore on third day
₹26.6 crore after experiencing a dip of day 2. The film grossed ₹49.32 crore net in India over the 3 days, and ₹103 crore worldwide. Major metropolitan areas like Delhi, Mumbai, and Bengaluru held onto their enthusiasm, maintaining similar numbers to the opening day.
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