City Mumbai Financial News

merger still hangs in the balance. Sony Pictures Networks India (SPNI) Tuesday said it hasn't yet decided on extending the Thursday, December 21, deadline to complete the merger with Zee Entertainment Enterprises Ltd (ZEEL).

Finhaat has raised $3 million in its first institutional fundraise led by agri-focused venture fund Omnivore, along with participation from early-stage venture fund Kettleborough VC. Finhaat runs an online distribution platform through which insurance products are sold to consumers in rural and semi-urban India.

In the fast-growing housing market of India, where affordable residences for the economically underprivileged and opulent homes for the affluent take centre stage, attention is increasingly drawn to a crucial yet sometimes overlooked segment—the mid-segment homes.

₹106,155.67 per kl on 1 December, marking the second reduction in a month after a nearly 6% decrease on 1 November. Despite these cuts, prices remain over 80% higher than in 2019. This consecutive reduction offers some respite to Indian airlines, which had added a fuel surcharge in October to offset the soaring costs.

Embassy Office Parks Reit for an estimated ₹6,931.5 crore, or $833 million, through a block deal on Wednesday. As per the deal terms reviewed by Mint, the sale has a floor price of ₹310 per share, representing a discount of approximately 7.7% compared to Embassy Office Parks’ Tuesday closing price of ₹335.75 on the NSE. This marks a significant exit for Blackstone, which had been a key investor in Embassy Office Parks Reit since its initial public offering (IPO) in 2019.

SpiceJet for 19% stake in the company. Aries Opportunities Fund will hold 3% while Elara Capital will hold 8%, after conversion of warrants, according to a detailed funding proposal reviewed by ET. Last week, the cash-strapped airline announced that it got a lifeline as a clutch of funds and high net worth individuals will invest Rs 2,254 crore through the issue of up to 130 million convertible warrants and 320.8 million fresh equity shares. Promoter Ajay Singh’s current shareholding in the airline will reduce from 56.49% to at least 38.55 % once the shareholders approve the issuance of equity and warrants.

MUMBAI : Companies listing their shares on the stock markets are basking in the frenzied attention of individual investors, a trend expected to continue into next year and make up for the relatively tepid enthusiasm of institutional investors. The initial public offerings of Happy Forgings, RBZ Jewellers, and Credo Brands Marketing were oversubscribed on Day 1 on Tuesday, while those of Muthoot Microfin, Suraj Estate Developers and Motisons Jewellers continued to attract strong retail interest on their second day.

Premier League (IPL) as the most expensive player in history. Kolkata Knight Riders secured his services with a whopping bid of Rs 24.75 crore in Tuesday's players' auction. Starc surpassed the previous record held briefly by Australia captain Pat Cummins, who was bought by Sunrisers Hyderabad for Rs 20.50 crore.

Jubilant FoodWorks, master franchisee of Domino's Pizza and Dunkin' Donuts, on Tuesday announced the appointment of Suman Hegde as the Executive Vice President and Chief Financial Officer of the company. The board of JFL, in its meeting held on Tuesday, approved the appointment of Hedge, who is presently working with the leading FMCG maker Hindustan Unilever as Vice President of Finance – Beauty, Wellbeing & Personal Care, South Asia. Hedge's appointment is effective from March 1, 2024, said a statement from JFL, which is also a master franchisee of leading QSR brands such as Fried Chicken brand Popeyes and Hong's Kitchen. Commenting on the development, JFL CEO & MD Sameer Khetarpal said: «As a leader, she brings high-quality experience in customer-first thinking, ability to partner with businesses and lead high-performing teams. The appointment is in line with the company's strategic priority of building a solid yet diverse foundation of people and culture.» Hedge has over 20 years of experience and held leadership positions in the finance function. She is a Chartered Accountant and MBA from Jamnalal Bajaj Institute of Management Studies, Mumbai. In India, JFL operates a network of 1,888 Domino's stores across 397 cities.

₹1 lakh. He is the seventh accused in the case to be granted bail.

Gautam Adani, who has survived the 2008 terror attack in Mumbai's Taj Hotel and kidnapping incident in 1998, is walking out of 2023 after suffering a loss of about $35 billion from the Hindenburg attack. Following the Hindenburg controversy and subsequent investigation by markets regulator Sebi on allegations of share price manipulation, the 61-year-old tycoon saw the highest decline in his personal wealth globally, data from Bloomberg Billionaires Index shows. In pre-Hindenburg days, the maverick businessman's wealth saw a gravity-defying one-way movement that took him to the position of world's second richest man for a brief period. With his fortune being estimated at around $85 billion, Adani is now the second richest Indian after Mukesh Ambani. In the world order of billionaires, the school dropout now stands at the 15th spot after losing over 29% of his wealth in the worst crisis faced by the apples-to-airport conglomerate’s history. The combined market capitalisation of all 10 listed Adani stocks has now fallen to about Rs 14 lakh crore from over Rs 19 lakh crore before the Hindenburg report was released. At one point during the year, almost 60% of Adani's wealth was wiped off following non-stop selling of Adani stocks.

MUMBAI : Gamezop, the global provider of plug-and-play content solutions for apps and websites, is set to expand its offerings into three new domains—news, astrology and cricket—to help digital publishers monetize and boost user engagement. Part of Advergame Technologies, which also earlier launched the quiz service Quizop, the company is now launching three new products—Newszop, Astrozop, and Criczop—and has already licensed content from content developers. Newszop will be a plug-and-play solution that can be integrated into apps and websites as a news centre.

NEW DELHI : In a testament to India’s continuing passion for cinematic experiences, as many as 1,648,508 movie enthusiasts watched at least six movies and more in 2023, with an average frequency of at least one visit to the cinemas every two months, according to BookMyShow’s year-end wrap Best of 2023 – Entertainment On A Spree that curates data from 1 January to 5 December 2023. Titles such as Jawan, Pathaan, Gadar 2: The Katha Continues, Jailer, Animal (Hindi), Leo, The Kerala Story, Adipurush (Hindi), Ponniyan Selvan: Part 2 (Tamil), Tiger 3, Rocky Aur Rani Kii Prem Kahaani, and OMG 2 emerged as crowd favourites.

The company allocated 21 lakh equity shares at Rs 100 per share to anchor investors. PGIM India Fund, BOFA Securities and Negen Undiscovered Value Fund among others were the buyers. The IPO is completely a fresh issue of 1 crore shares.

opportunity to discuss it in detail. The majority of political parties will agree to one-to-one seat sharing; maybe one or two may not agree...I don't have any motto or vendetta to not walk with anybody," the West Bengal CM said. Mamata Banerjee also responded to the alliance question with Congress in the West Bengal.

Indian Premiere League (IPL) Auction will be held outside India for the first time in Dubai on Tuesday, 19 December. However, that is not the only first for the IPL 2024. For the first time in IPL's 16 year history, a female auctioneer has been handling the gavel- Mallika Sagar.

first information report (FIR) was filed against Chairman Sajjan Jindal by a Mumbai woman, accusing him of rape. However, the chairman of the steel-to-power conglomerate has denied the allegations. "Mr Sajjan Jindal denies these false and baseless allegations.

Suraj Estate Developers was subscribed 30% so far on Monday, the first day of the bidding process. The issue closes on Wednesday. While the retail portion was subscribed 55%, the NII category was booked 11%.

JSW Group fell up to 4% in the early trade on Monday following allegations of rape against its Chairman Sajjan Jindal. JSW Holdings was the top loser in the pack and its stock price plunged nearly 4% to the day's low of Rs 4965.05 on the BSE. Meanwhile, JSW Steel, JSW Infrastructure and JSW Energy were down nearly 2%. On Sunday, Jindal denied these allegations and said that he would cooperate with the ongoing investigation. «Mr.

The Indian Premiere League (IPL) mini auction is just hours away, history will be created at the Coca-Cola arena as it is the first time an Indian will take over the auction for full time. Apart from this, it also that a female auctioneer will take charge for the first time in this marquee tournament. Mallika Sagar, who hosted the recently concluded Women's Premiere League (WPL) auction, is all set to take the role at the IPL 2024 auctions.

₹4.45 crore in India. “Despite not being a Mass Action movie, #SRK 's #Dunki has sold 100K tickets in advance already," trade analyst Ramesh Bala said.