City Mumbai Financial News

29.11 / 04:19

Target Manufacturing CEO show social exclusive recommendations share price New beer launch expected to boost United Breweries share price by 20%

Launch of a new beer is expected to help United Breweries share price rise 20%, said Nuvama Institutional Equities. Heineken Silver Draught Beer will be launched exclusively in premium bars and pubs across Mumbai, Thane, and Pune in Maharashtra, with plans to expand to Karnataka in the fiscal year 2024. “This launch is a meaningful expansion of United Breweries’ portfolio and shows its intent to focus on innovation," said Nuvama nstitutional Equities.

29.11 / 03:05

Cooper Progressive Fighting Strategy country social gatherings Mumbai ‘Never forget, never forgive’: Victims of 26/11 Mumbai terror attacks remembered; ‘friends of India’ join London event

Mumbai terror attacks. This gathering at Gandhi Hall, India House, was more than a memorial. It was a reaffirmation of India's commitment to combat terrorism.

29.11 / 00:43

Platform Matrix show performer Inside reports P2P companies log revenue jump, thanks to business partnerships

Peer-to-peer lending, which has mostly remained confined to the margins of the financial services sector, has reported strong growth in the last financial year. According to their regulatory filings, a bunch of P2P lending companies more than doubled their revenue in fiscal 2023 from the previous year. According to industry insiders, P2P lenders finally seem to have found a steady business model through partnerships with large consumer-facing applications.

28.11 / 21:49

Provident exclusive licence How is property leased out with a leave and licence agreement?

My father has been approached by several public sector undertakings (PSUs) for leasing the property that he owns in New Mumbai. How is leasing different from that of a leave and licence agreement? Additionally, is it necessary to register these documents with the PSU? 

28.11 / 20:03

FIVE Enterprise show reports Adani group’s m-cap posts biggest rise since Hindenburg report

MUMBAI : The Adani Group of stocks showed its biggest increase in market capitalization of over a trillion rupees for the first time since the Hindenburg report surfaced, days after the Supreme Court reserved its judgement on a bunch of public interest litigations pleading for a court-monitored investigation into allegations of corporate malfeasance and manipulation against the ports to renewables conglomerate. The market, which was closed for the Guru Nanak Jayanti holiday on Monday, reacted to the conclusion of the SC hearing on Friday as investors interpreted some of the SC’s observations as its having confidence in Sebi’s investigation pertaining to the Hindenburg report that was released on 24 January.

28.11 / 15:33

Citi Provident Cooper Fighting Remark Southern information India's position on Gaza crisis 'remarkable' from day one: Israeli envoy Naor Gilon

Israeli defence forces have completely destroyed Hamas's infrastructure in northern Gaza except the underground tunnels and the focus at the end of the current pause in fighting will be to clean up the southern part of the strip, Israeli Ambassador Naor Gilon said on Tuesday. In an interaction with a group of journalists, the envoy also described India's position on the Gaza crisis as «remarkable» from the day one and especially mentioned Prime Minister Narendra Modi's strong denunciation of Hamas's unprecedented terror attack on Israeli cities on October 7.

28.11 / 14:49

Cooper Healthcare hospital Aster DM Healthcare divests Gulf business for $1.01 bn

MUMBAI : Aster DM Healthcare has agreed to sell its gulf business to its India promoters and Fajr Capital Advisors for $1.01 billion, the company said on Tuesday. While sovereign-backed private equity Fajr will own 65% of the new entity, Alpha GCC Holdings Ltd, the promoter of Aster India will own 35%, at the close of the transaction. The selling entity is Affinity Holdings Pvt Ltd, a wholly owned material subsidiary of Aster DM Healthcare, that operates the entities conducting business in the Gulf Cooperation Council (GCC) region.

28.11 / 13:31

Strategy President performer country information 2020 recommendations How Unifi Capital is set to navigate the MF universe

₹20,000 crore assets under management. For the first 10 years of its existence, the company was focused only on south India, where it built its reputation, mostly by word of mouth. Twelve years later, in 2013, it opened an office in Mumbai and then started exploring the rest of the country.

28.11 / 10:05

CEO Gap Dreams Metro Experts Celebrity Mumbai Delhi, Mumbai to Bangalore: These Indian metros record highest demand in loans for the big fat Indian wedding

Weddings are a lavish affair in India- be it a local or a destination wedding, The list of expenses is unending. Well, some are able to conveniently pay for the extravaganza on their own, while others have to opt for a wedding loan to make their D-Day special and memorable. Experts believe that the wedding industry is so expensive that normal people can't afford it. Hence, the demand for wedding loans has increased.

28.11 / 07:33

Extreme Death reports Mumbai Woman training to be Agniveer commits suicide at Navy hostel in Mumbai

Agniveer training in the Indian Navy allegedly committed suicide by hanging herself in her hostel room at INS Hamla in Mumbai, police said on Tuesday. The woman, hailing from Kerala, was undergoing training at the INS Hamla in Malwani area in the western suburb of Malad, an official said.

28.11 / 05:07

FIVE BAY Death reports isolate Department Rain Alert! IMD predicts heavy rainfall, thunderstorms in THESE states. Check full list here

India Meteorological Department (IMD) issued a warning for heavy rainfall in Madhya Maharashtra, Madhya Pradesh along with the potential for hailstorms. IMD reported heavy rainfall in Marathwada over the past 24 hours. Purna in the Parbhani district recorded the highest rainfall at nine cm, followed by Manvat and Parbhani with eight cm each.

28.11 / 05:07

Progressive CEO Platform Experts innovations recommendations open How SEBI's nod to Small and Medium REITs may open doors for real estate investors?

SM REITs, with an asset value of at least ₹50 crore vis-a-vis minimum asset value of ₹500 crore for existing REITs.The decision was approved at the meeting of the board of the Securities and Exchange Board of India (Sebi) in Mumbai. Industry experts welcomed the Sebi decision to regulate fractional ownership real estate market.

28.11 / 05:07

Booking awards film Actor love show reports Ranbir Kapoor's latest film ‘Animal’ earns over ₹9 crore in advance booking

₹9.75 crore in its advance bookings on Monday, November 27. So far, a total of 3,34,173 tickets have been sold across 7,200 shows in India, according to Indian film trade portal Sacnilk. For Hindi 2D shows, as many as 2,73,425 tickets have been booked in advance, while 58,465 tickets are booked for Telugu 2D shows, followed by 1,504 tickets for Kannada shows and 779 for Tamil shows.

28.11 / 02:41

Reuters Parke Tesla show country reports strain Tesla on two wheels? Ola Electric feels the strains of success

electric scooters and speed his nation to a cleaner future. Some of his mechanics can't keep up, though. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years. The tech entrepreneur vows to banish the internal combustion engine (ICE) from India, where two-wheel vehicles rule the roads.

28.11 / 02:27

Reuters Booking Parke Tesla show country reports surges Tesla on two wheels? India's Ola Electric faces service challenges as demand for electric scooters surges

Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a cleaner future. Some of his mechanics can't keep up, though. Aggarwal's Ola Electric, which he likens to Tesla in the West, is zipping towards a stock-market listing after going from zero to 338,000 e-scooter sales in about two years.

27.11 / 17:47

Aware Enterprise performer country Inside information reports Miffed Irdai questions Care top brass on Saluja Esops

MUMBAI : The insurance regulator has asked top executives of Care Health Insurance Ltd to explain the issue of stock options to non-executive chairperson Rashmi Saluja despite being told not to do so, two people aware of the matter said. On 22 November, officials of the Insurance Regulatory and Development Authority of India (Irdai) summoned Anuj Gulati and Anoop Singh of Care Health and questioned them about “excessive" stock options issued to Saluja and Gulati, the people said on the condition of anonymity. While Gulati is managing director and chief executive of Care Health, Singh is chief compliance officer.

27.11 / 17:47

ETF Nov Experts show country FPI debt inflows at 26-month high in Nov on Fed rate pause

MUMBAI : FPI net inflows into Indian bonds in November have hit the highest level in 26 months, thanks to higher allocations by foreign investors to emerging markets like India in anticipation of US interest rates having peaked and buying by non-index funds ahead of the country’s inclusion in JP Morgan’s Global Bond Index - Emerging Markets next year. Analysts expect the flows to remain strong, though volatile.

27.11 / 17:47

Gap show 2020 Europe is guzzling diesel from India, a key buyer of Russian oil

Russian crude. The region’s imports of diesel from India, one of the biggest buyers of Russian crude, are on course to soar to 305,000 barrels a day, the most since at least January 2017, data from market-intelligence firm Kpler show. While it’s not possible to say with certainty that the molecules originated in Russia — India also processes oil from elsewhere — Moscow’s deliveries have given Indian refineries the ability to produce abundant diesel and boost exports.

27.11 / 17:47

Man performer 2024 T20 World Cup 2024: India will be serious challenger for title, says Ravi Shastri

ALSO READ: ‘If India don't win this ICC World Cup, they will have to...: Ravi Shastri "It might not be a 50-overs (one) that easily because you have to rebuild the side but 20-overs cricket, the very next one India will be a very serious challenger because you have got the nucleus. This is a shorter format of the game.

27.11 / 17:47

Action Compilation Fitch Experts show reports guidelines Penalties rise as RBI turns up scrutiny of banks, NBFCs

MUMBAI : The Reserve Bank of India (RBI) slapped penalties totalling ₹71.4 crore in 56 cases in the year so far as it enhanced scrutiny of banks, non-banks and other regulated entities, data compiled by Mint showed. In comparison, the banking regulator levied fines of ₹26 crore across 34 cases in all of last year.

27.11 / 17:47

Provident Target Align Highways Experts show Another jump likely in budget for roads

₹3.2 trillion, the highest-ever. This would allow it to build more greenfield highways and expressways, giving a leg-up to transport infrastructure that is key to propelling economic growth. The higher capex for the roads ministry may be announced in the interim budget to be presented in Parliament in February, the person said, adding that MoRTH has already indicated the numbers in its pre-budget consultations.

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