City Mumbai Financial News

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 an ability to produce abundant diesel and boost exports. Arrivals into Europe in November include a rare shipment from Mumbai-based Nayara Energy Ltd., which imported almost 60% of its crude from Russia this year, according to Kpler. Reliance Industries Ltd., Europe’s top supplier of Indian diesel, draws more than third of its crude from Russia, the figures show. The surge in diesel imports from India also illustrates a fundamental shift in oil trading in the wake of the Kremlin’s war in Ukraine. A year ago, Russia was Europe’s top supplier of diesel, a fuel vital to the industrial and transport sectors. The European Union banned most seaborne imports of Russian crude in December and oil products in February.

poor air quality. A number of areas in the national capital received incessant rainfall post sunset, combined with gusty winds of around 30-40 kmph.

₹6.95 crore in advance ticket sales on day one after the advance booking for the film began, according to film industry tracker Sacnilk. The film is produced by Bhushan Kumar and Krishan Kumar’s T-Series, Murad Khetani’s Cine1 Studios and Pranay Reddy Vanga’s Bhadrakali Pictures. The film is set to release in theatres on December 1 in Hindi, Telugu, Tamil, Kannada and Malayalam languages.

Mumbai Trans Harbour Link (MTHL) – the 23-km bridge connecting Sewri to Nhava Sheva – will be heavily subsidised by the Maharashtra government, a report said on November 27. The toll charge, which is yet to be announced, is likely to be subsidised by around 40-50 percent, the Times of India reported, citing persons privy to the matter.

The World Bank estimates that India will need to invest approximately $ 840 billion in urban infrastructure over the next 15 years. The Union Budget 2023-24 has already allocated ₹10 trillion towards capital investment and has identified one hundred critical transport projects for first and last mile connectivity.

Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) in which it will sell crude oil it produces from Mumbai offshore fields at a premium to international benchmark Brent. According to a news report, the oil has been priced at the prevailing Brent crude oil price plus 1%.

Goenka Group vice chairman Shashwat Goenka said the group is confident of turning profitable its consumer business comprising retail stores such as Spencer's Retail, Nature's Basket and the FMCG business within 2-3 years. The financial turnaround will be achieved by reducing debt through a mix of restructuring and repayment of loans, exiting loss-making stores and categories, and entering a new high margin retail format through world-class luxury gourmet stores, said Goenka in an interview. The group, meanwhile, continues to hold talks to sell a minority stake in Spencer's Retail and plans to list the FMCG business at the «right time», said Goenka.

MUMBAI : Asset allocation in equities should reflect the changes in market conditions. Unfortunately, a lot of investors have misinterpreted this as selling when the market goes up and buying when the market goes down," says Nimesh Chandan, chief investment officer, Bajaj Finserv Mutual Fund. The asset management firm was in the news recently for launching a balanced advantage fund (BAF), a type of hybrid mutual fund that invests in a mix of equity and debt securities.

MUMBAI : Boston-based private equity firm Bain Capital, which has over $160 billion of assets under management, may spend more time looking at late-stage tech deals next year in India, as the opportunities in the segment widen for traditional private equity firms, a top executive said. The PE firm closed a $7.1 billion fifth Asian fund last week, up from $4.5 billion which it raised for its fourth Asia fund. It expects to widen the scope of its investments in India over the next few years, including in newer sectors.

MUMBAI : Nodal gold trade body India Bullion and Jewellers Association (IBJA) has locked horns with MCXCCL, the clearing corporation of India’s largest commodity derivatives exchange MCX, over a crucial revision in the platform’s settlement procedure for gold and silver contracts traded on the bourse. The revision puts the onus of collecting goods and services tax (GST) on the seller and buyer, who give and take delivery on the exchange platform. Up until now, MCXCCL would facilitate the payment of GST from buyer to seller through the exchange’s clearing members.

Early morning 5 am the sky was going crazy with sleet hitting the earth with thunder. Something never seen before in Mumbai in this month NOVEMBER RAIN." Another user shared a video showing "Thunderstorms..Raining in Andheri".

Mumbai, where state Deputy CM Devendra Fadnavis, ministers Mangal Prabhat Lodha, Deepak Kesarkar, city police chief Vivek Phansalkar and other senior officials were also present. Family members of the policemen, who lost their lives during the November 2008 attacks, also paid tributes to the martyrs. The governor met the family members of those who died in the attacks. Personnel of the National Security Guard, Mumbai police and Indian Revenue Service officer Sameer Wankhede participated in a candle and flag march held at the Gateway of India, opposite the Taj Mahal Palace Hotel, one of the terror attack sites. Rotary Club members and students of the Mithibhai College joined the march held in remembrance of the martyrs. On November 26, 2008, 10 Pakistani terrorists arrived by the sea route and opened indiscriminate firing, killing 166 people, including 18 security personnel, and injuring several others, besides damaging property worth crores of rupees. The then Anti-Terrorism Squad (ATS) chief Hemant Karkare, Army Major Sandeep Unnikrishnan, Mumbai's additional police commissioner Ashok Kamte and senior police inspector Vijay Salaskar were among those killed in the attacks. The attacks began on November 26, 2008 and lasted until November 29. The Chhatrapati Shivaji Maharaj Terminus, the Oberoi Trident, the Taj Mahal Palace and Tower, Leopold Cafe, Cama Hospital, the Nariman House Jewish community centre were some of the places targeted by the terrorists. Nine terrorists were later killed by the security forces. Ajmal Kasab was the only terrorist who was captured alive.

They said that the present situation is not alarming but if the illness spreads to other parts of the globe, it will have an impact on world trade as China is a hub of global manufacturing and exports. The government on November 24 stated that India is prepared for any kind of exigency that may emerge from the current influenza situation in China and it is monitoring the outbreak of H9N2 and clusters of respiratory illness in children in that country. There is a low risk to India from the avian influenza, H9N2, cases reported in China as well as the clusters of respiratory illness, the Union health ministry has said. Some media reports indicated a clustering of cases of respiratory illness in children in northern China for which the World Health Organization (WHO) has also issued a statement. Leading leather exporter and Farida Group Chairman Rafeeq Ahmed said: “We are cautiously watching the situation. If the diseases spread, it will have an impact on trade”. Sharing similar views, Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said: “We are definitely concerned and most of the things depend on its spread.

26/11 Mumbai terror attacks as "horrendous" and emphasized the global nature of terrorism, urging collective action against it. Speaking to ANI, Gilon stressed the disruption caused by such events, likening the attackers' aim to that of Hamas, stating, "Their aim is not only to kill but also to create panic." Gilon also echoed Prime Minister Narendra Modi's stance on terrorism, affirming Israel's unwavering support for India in combating this menace. He underscored the imperative for countries to unite unequivocally in the fight against terrorism, asserting, "When you come to fight terrorism, there are no ifs or buts." Also Read | Remembering 26/11: 15 years on since the terror attack – all you need to know "We are telling the Indians, like India is always standing with Israel, more recently but always.

Narendra Modi has questioned the practice of some families to organise weddings abroad. He has urged such celebrations to be held within India. “I know some people want it.

S Jaishankar on Sunday paid homage to the victims on the 15th anniversary of the 26/11 Mumbai terror attacks. Taking to his official handle on X, the External Affairs Minister said India remains committed to bringing the perpetrators of «these horrific acts» to justice. «It is 15 years today since the 26/11 Mumbai terror attacks. Our quest to bring those responsible for planning and executing these horrific acts to justice continues,» Jaishankar posted from his official handle on X, formerly Twitter. On November 26, 2008, a group of 10 heavily-armed terrorists, belonging to the Pakistan-based Lashkar-e-Taiba, unleashed a macabre dance of death in the country's commercial capital. Holding the city under siege over four days, the terrorists killed 166 civilians, including foreigners.

26/11 Mumbai terror attack. Bais and Shinde offered floral tributes at the martyrs' memorial located within the Police Commissioner Office premises in South Mumbai. Senior police officials and family members of the fallen policemen also paid their respects to the martyrs.

terrorist attacks that shook India's financial capital, Mumbai, on November 26, 2008. Commonly referred to as 26/11, these coordinated assaults by a group of 10 terrorists did mayhem on the streets of Mumbai and sent shockwaves through the nation and the world. Terrorists from the Lashkar-e-Taiba (LeT) terror group had entered the city of Mumbai on the night of November 26, 2008. Over the course of four days, they killed 166 people and injured 300. The targets were carefully chosen after being surveyed for maximum impact, viz., the Taj and Oberoi Hotels, Chhatrapati Shivaji Maharaj Terminus, the Jewish centre at Nariman House, and the Leopold Cafe, since these places were frequented by Europeans, Indians and Jews. The nine LeT terrorists were killed while Mohammad Ajmal Amir Qasab, the lone surviving Pakistterrorist from the attack at the Chhatrapati Shivaji Terminus railway station, was arrested.

IMD weather forecast: Mumbai braces for rainfall from today Besides, the weather monitoring agency has made a similar rain forecast for Marathwada, as well as, east and west Rajasthan. "Thunderstorm activity accompanied with hailstorm and heavy rainfall likely over Maharashtra, Madhya Pradesh, Gujarat, and south Rajasthan during 26th -27th November," the weather department added.

ICC) event ever, there is a sense of confidence in cricket’s health. But, look a little deeper and you start to doubt your hypothesis. While the games involving India were watched by millions, what about the games that didn’t involve India? How many fans watched the brilliant Australia-South Africa semi-final? India — or more specifically, it’s fans and market— is cricket’s biggest strength.

Maharashtra's Deputy Chief Minister Devendra Fadnavis, has called the current level of interest charged by the state government's housing body MHADA from realty developers high and stated the need to lower the same to bring it at par with that of the Municipal Corporation of Greater Mumbai (MCGM). Fadnavis stated that the state government would soon review the matter and ask MHADA to submit a proposal; so that the current rate of 18% of compounded interest would be brought down to the rate charged by the MCGM. «MHADA charging 18% compound interest is really high and it is absolutely not right to charge so much of interest. The interest rate should be at par with the banks.