City Mumbai Financial News

NEW DELHI : In 1937, Amrita Sher-Gil, an Indo-Hungarian artist, painted The Story Teller. The oil-on-canvas painting depicts an intimate rural scene, with village women huddled together in a courtyard, their faces relaxed and smiles easy. The cosy setting also features cows and a calf, a dog lazing under a charpai, a little boy, and a man in a doorway. That November, Sher-Gil sold the work to Badruddin Tyabji Jr., a diplomat bearing the same name as his grandfather, the third president of the Indian National Congress, at an exhibition in Faletti’s Hotel, Lahore.

INDIA bloc leaders was held at the office of the Leader of opposition in Rajya Sabha, Mallikarjun Kharge on Monday to chalk out the strategy for the winter session of Parliament. In the meeting, Congress leader Jairam Ramesh, TMC leader Derek O'Brien, Farooq Abdullah, JDU leader Harivansh Narayan Singh, AAP leader Raghav Chadha and other leaders were present. Meanwhile, Members of the INDIA block have decided to highlight issues of the people in the remaining part of the winter session of Parliament to make the government accountable. The next meeting of the leaders of the INDIA bloc will be held on December 19 in the national capital. Taking to 'X', Congress leader Jairam Ramesh said, «The 4th meeting of the leaders of INDIA parties will be held on Tuesday, December 19th, 2023, in New Delhi at 3 p.m.» Earlier, Congress president Mallikarjun Kharge called a meeting of the INDIA bloc leaders for December 6. However, the meeting was cancelled as key opposition leaders, including Janata Dal-United (JDU) Supremo and Bihar Chief Minister Nitish Kumar, Trinamool Congress (TMC) Chief and West Bengal Chief Minister Mamata Banerjee, Dravida Munnetra Kazhagam (DMK) Tamil Nadu CM MK Stalin and Samajwadi Party (SP) Chief Akhilesh Yadav did not gave their confirmation of attending the meeting. The first meeting of the joint opposition convened in Patna on June 23 and the second meeting was held in Bengaluru on July 17-18. The third meeting happened in Mumbai on August 31-September 1. INDIA or 'Indian National Developmental Inclusive Alliance' is a group of opposition parties, including the Congress.

home loan EMIs have been pivotal factors in convincing tenants to invest in their own homes. The report also threw light upon the continued reliability of the real estate sector for investment among Indians. In the survey, it was found that 74% of respondents found real estate as a better option to invest in compared to other options like gold, bitcoin, etc.

₹2 crores, news agency ANI has reported. As per the report, incident happened on 8 December and has been sent to 14 days of Judicial Custody. As per The Free Press Journal report, the woman was to get an amount of ₹50,000 for delivering the heroin.

BCCI secretary Jay Shah said on Saturday that the second edition of the Women's Premier League (WPL) will be played only in one city, like it was the case in the inaugural season. Shah, who is also the WPL committee's convenor, said the league will start in the second or third week of February, 2024. There were talks of next year's WPL being played in multiple cities like the IPL.

exercise, which is conducted every six months, was held on the R12A (Ratna) Platform of Oil & Natural Gas Corporation (ONGC) around 83 km away from Mumbai harbour. The 'Prasthan' is conducted to validate measures and procedures to address various contingencies that may arise in the oil production platforms and was held in two phases on Friday.

Kashvee Gautam and Vrinda Dinesh triggered a huge bidding war in the second session of the Women's Premier League (WPL) 2024 Auction with Gujarat Giants and UP Warriorz spending big bucks to get them in their team. Kashvee Gautam went for Rs 2 crore while Vrinda Dinesh, a batter from Karnataka, picked for Rs 1.3 crore. Gujarat Giants made a winning bid of a whopping Rs 2 crore for Kashvee Gautam, a 20-year-old allrounder from Chandigarh, making her the joint-most expensive player with Annabel Sutherland of Australia in the first phase of the WPL 2024 auction. A right-handed batter and a right-handed medium pacer, Kashvee has recently played for India A against the England A women in three T20Is in Mumbai and it appears that the scouts of the franchises have seen something that they feel makes the player a mega pick. Gujarat won her after a fierce bidding war with U.P Warriorz, who are one of the franchises with deep pockets in this Auction Vrinda is known as a consistent batter who has done well in the local leagues in Karnataka and UP Warriorz went for her outbidding Gujarat, Mumbai Indians and Delhi. Vrinda has been a prolific scorer for Karnataka over the last two domestic seasons, earning praise for her ability to balance consistency with her powerful power-hitting up front.

BJP's stellar performance in the recent Assembly polls is an acknowledgement of the tremendous welfare work Prime Minister Narendra Modi's government has done for the people in nine years, Maharashtra Chief Minister Eknath Shinde said on Saturday. In Assembly polls held in five states between November 7 and 30, results of which were declared on December 3, the Bharatiya Janata Party retained power in Madhya Pradesh emphatically and unseated the Congress in Rajasthan and Chhattisgarh.

automatic train protection (ATP) system, Kavach, has so far been deployed on 1465 route km and 139 locomotives (including Electric Multiple Unit rakes) on South Central Railway sections, as per a government release. The sections include Lingamapalli — Vikarabad — Wadi and Vikarabad — Bidar section (265 Rkm), Manmad-Mudkhed-Dhone-Guntkal section (959Rkm) and Bidar-Parbhsection (241Rkm). As per the release, presently Kavach tenders have been awarded for the Delhi — Mumbai and Delhi — Howrah corridors (approximately 3000 Route km) and work is in progress on these routes. Indian Railways has also taken up preparatory works, including a survey, Detailed Project Report (DPR) and preparation of detailed estimate on another 6000 RKm, the release mentioned. Presently, three Indian OEMs are approved for Kavach. Efforts are being made to develop more OEMs to enhance the capacity and scale up the implementation of Kavach. Kavach is an indigenously developed Automatic Train Protection (ATP) system.

MUMBAI : The Nifty and Sensex scaled fresh record highs, driven by FPI buying, as RBI’s rate setting committee kept the repo rate unchanged but raised the economic growth forecast by 50 basis points to 7% from FY24. However, analysts remain divided on the near-term market prospects, with the Fed meeting next week being the only immediate trigger. The Nifty logged the longest winning streak in three years this Friday, hitting a fresh record of 21,006.10 while the Sensex surged to an all-time high of 69,893.80, falling shy of the 70,000 mark by just 106 points as FPIs net purchased shares worth a provisional ₹3,632.30 crore.

MUMBAI : The Reserve Bank of India’s (RBI) move to allow banks more flexibility in managing funds over weekends and on holidays will help smoothen the functioning of the money market and in reducing cost, according to traders. The central bank governor Shaktikanta Das, while announcing RBI’s monetary policy review said it will allow banks to move and borrow between the standing deposit facility (SDF) and marginal standing facility (MSF) during weekends and holidays from 30 December.

₹538 crore at state-run Canara Bank and has been in jail for nearly three months, on Friday moved an application before a special court here seeking bail in the case. The court has instructed the ED, the agency investigating the case, to submit its response to Naresh Goyal's plea by December 20.

GQG Partners on Friday bought close to 5% stake in GMR Airports Infrastructure in a deal worth Rs 1,672 crore through the open market. GQG Partners Emerging Markets Fund bought 92,636,787 shares, and Goldman Sachs GQG Partners International Opportunities Fund bought 19,02,45,637 shares, according to bulk deals data. The shares purchased represent a cumulative stake of 4.7%.

MUMBAI : The National Company Law Tribunal has ordered insolvency proceedings against a Sahara Group subsidiary, deciding that a dispute raised by the company against its creditor was a means to avoid paying its dues. A Mumbai bench of the tribunal, led by Justice Kishore Vemulapalli, held that Sahara Q Shop Unique Products Range had defaulted in paying its dues to Sigma Supply Chain Solution. Sahara Q Shop had been launched as a consumer packaged goods and retail business in 2012.

In a significant development for home searchers, Housing.com has unveiled an AI-driven Price Trend Engine. This feature utilises Machine Learning (ML) and Artificial Intelligence (AI) to offer users critical pricing data and insights, thus facilitating more informed decisions for buying, selling, or renting properties.

Paris, France & Mumbai, Maharashtra, India – Business Wire India Blink Digital, a full-service independent digital advertising agency, is thrilled to announce the world premiere of its co-produced film, ‘Girls Will Be Girls’, at the prestigious Sundance Film Festival 2024, to be held from 18th to 28th January 2024. The film, written and directed by debutant Shuchi Talati, has been selected to participate in the highly anticipated World Cinema Dramatic Competition.The film, ‘Girls Will Be Girls’ unfolds within the walls of an elite boarding school nestled in a small Himalayan hill town in northern India.

₹1,000 crore over the next 18 months towards consolidating, building operational excellence, and growth through expansions, chairperson Nandini Piramal told Mint in an interview. “For the second half of the fiscal year, the company plans to deploy around ₹330 crore, focusing on revenue gain, operational excellence, and making the added brownfield capacities more productive," Piramal added. “And then probably on similar lines, ₹660 crore for the full fiscal year.

Vir Das, who recently won the prestigious International Emmy Award for Comedy for his standup special 'Vir Das: Landing', celebrated his victory by hosting a party in Mumbai. The event saw the presence of several celebrities, including Soni Razdan and her daughter Shaheen Bhatt, Nushrratt Bharuccha, Shriya Pilgaonkar, and Kunal Kemmu. Vir Das and his wife Shivani Mathur organized the party on Thursday night, where everyone came together to congratulate and celebrate his remarkable achievement.

Sahara Q Shop Unique Products Range Ltd, the FMCG and retail arm of Sahara India Pariwar, under the Corporate Insolvency Resolution Process (CIRP) and has appointed Udaykumar Bhaskar Bhat as the resolution professional of the company. The development comes within a month of the passing away of Subrata Roy, founder of Sahara Group, at the age of 75 in Mumbai. The Sahara Group company had entered into a service agreement with the Sigma Supply Chain Solution for handling, storage, maintenance, administration, distribution and arrangement of goods from the Sahara Q Shop at different places across the country. Originally, the company’s operational creditor Sigma Supply Chain Solution Pvt Ltd had approached the tribunal in December 2021, after the company had defaulted on its dues of over Rs 4.75 crore. “The order of moratorium shall have effect from the date of this order till the completion of the corporate insolvency resolution process or until this Bench approves the resolution plan,” said the division bench of judicial member Kishore Vemulapalli and a technical member Anu Jagmohan Singh in its order of December 6. Before the tribunal’s order, Sigma Supply Chain Solution, through its counsel Nausher Kohli argued that it had addressed various emails to the company about outstanding amounts of dues and payable by the Sahara Q Shop and the company neither disputed nor denied the same. While countering this, advocate Sandeep Bajaj, appearing for the Sahara Group company argued that the application is barred by limitation since the cause of action first arose in the year 2013 and the operational creditor had applied in the year 2021. A total of 7,058 companies across sectors were brought into administration until

MUMBAI : An arm of Japan’s SoftBank Group is slated to sell a 1.1% stake in food-delivery company Zomato Ltd on 8 December for an estimated Rs1,127.5 crore, or $135 million, as per the term sheet of the block deal. The floor price of the deal is set at Rs120.5 per share, as per the deal terms reviewed by Mint. That’s a discount of about 1.1% to Zomato’s Thursday closing price of Rs121.80 on BSE.

NEW DELHI : A glitzy upper-crust wedding this week at a sprawling Delhi farmhouse–one of about 400,000 taking place in the capital this matrimonial season–is being attended by the who’s who in the city. The ceremonies, involving two business families, one in construction and the other in, let’s say, consumer goods, will include a cocktail party at Delhi’s Roseate Hotel before the wedding, which will have specialised catering from Mumbai’s famous Mahesh Lunch Home. The grand party will have artist Bismil performing for about 400 guests.