City Mumbai Financial News

Also Read: Sebi chair Buch cautions investors against heavy F&O bets These decisions were taken by the board of the Securities and Exchange Board of India (Sebi) during its meeting held in Mumbai on Saturday. Here are the key decisions taken by the SEBI board during its meeting. Those waiting for a firm decision on new delisting rules might have to wait for more as the SEBI board on Saturday denied approval of the new regulations, citing a lack of data available.

In his order on Friday, Sessions Judge Ajit Kumar Hinger said the prosecution has presented adequate evidence to authenticate facts. Priya Seth (27), the main accused, befriended Dushyant Sharma on Tinder and later called him to a rented accommodation where she and her two accomplices, Dishkant Kamra and Lakshya Walia, held him hostage to demand ransom from his family. After Dushyant's family failed to pay the ransom, the accused killed him by stabbing him multiple times and smothering him with a pillow, prosecution counsel Sandeep Lohariya said on Saturday. «The prosecution has presented adequate evidence to authenticate these facts. The evidence presented by the prosecution proved that the accused have committed the crime,» Lohariya quoted the judge as saying. Based on the evidence, the court convicted the three accused under sections 342 (wrongful confinement), 302 (murder), 201 (causing disappearance of evidence of offence) and 120-B (criminal conspiracy) of the Indian Penal Code and sentenced them to life imprisonment, he said. Sharma met Seth online in February 2018.

CNBC-TV18. Notably, the regulator has indicated its willingness to review the delisting regulations, and had issued a consultation paper on the issue in August. While addressing Ficci’s Capital Markets Conference, or CAPAM 2023 in Mumbai last week, Buch had noted that the subject would feature in the discussions before the SEBI board in the next meeting.

Salman Khan and Katrina Kaif's latest theatrical offering, 'Tiger 3', now in its 13th day since a grand Diwali release, continues its journey at the box-office, albeit with a noticeable dip in collections. The film, which started with a robust opening of Rs 44.5 crore in India, reached its pinnacle on the second day with a whopping Rs 59.25 crore. However, the subsequent days have witnessed a gradual decline in earnings.

Mumbai Police has formed a four-member special team to investigate the 'Mahadev betting app case'. The team includes experts in cybertechnology and financial crimes. FIR registered at Matunga police station in the case has been transferred to the Mumbai crime branch. A case has been registered against the promoters of the Mahadev Book Betting App, Saurabh Chandrakar, Ravi Uppal, Shubham Soni, and 29 others in the Mahadev betting app case. In this case, there are allegations of fraud of 15,000 crore rupees along with match-fixing, illegal hawala, and cryptocurrency transactions. The investigation of the case is now being done by the Crime Branch. Earlier on November 14, Mumbai Police registered a case against 32 people, including the director of Dabur, Gaurav Burman and company chairman Mohit Burman, alleging a connection to the betting app scam.

Mahadev betting app case: FIR transferred to Mumbai crime branch "Das had written a letter from the jail to the Director of the ED and also sent copies to higher authorities including the Prime Minister's Office on November 17 stating that he was being implicated in the case and the central investigating agency forced him to sign a statement in English, a language he does not understand," lawyer Shoaib Alvi said. Das and constable Bhim Singh Yadav were arrested by the ED on November 3. Mint Explainer: Mahadev app and the alleged money laundering scandal The duo were on Friday produced before Ajay Singh Rajput, a special judge for Prevention of Money Laundering Act cases.

Rain Alert! IMD issues warning for Tamil Nadu, Puducherry for next 3 hours According to the IMD, the formation of low pressure in the Bay of Bengal is the reason behind the unseasonal rainfall. "Due to the formation of low pressure in the Bay of Bengal, thunderstorm activities are likely to begin at isolated places of south Maharashtra from tomorrow. A yellow alert has been issued for November 26-28 across Maharashtra," Sunil Kamble, Head, of IMD Mumbai, told PTI.

Godrej Industries Ltd for ₹300 crore. Currently, Nature’s Basket operates 32 stores as an upmarket food retailer. In contrast, Artisan Pantry will be more luxe, offering imported wines, a diverse range of cheese, a dedicated section for artisan chocolates, honey, gourmet fruits, and vegetables such as Yuzu Lemon, multicolored corn, Japanese Apple Fuji, and more.

Moneycontrol on 24 November, citing property documents accessed by Zapkey. According to the report, the transfer of ownership was formalized through two distinct gift deeds on 8 November and a stamp duty of ₹50.65 lakh was paid for the transaction. The property is located on two plots of sizes 890.47 sq m and 674 sq m in Mumbai's Juhu.

MNS style', the Brihanmumbai Municipal Corporation has now warned shopkeepers that they would be fined Rs 2,000 per employee if they don’t put a marathi sign board by Saturday. The MNS had put up hoardings in part of the city that they would do ‘MNS style’ agitation on those shops that do not put up the signboards in Marathi by Saturday. The MNS style protest is a MNS warning that they would vandalise and do violence in the shops. The Mumbai Municipal Corporation has now said that they would begin fining shopkeepers from Monday if they haven’t put up signboards. November 25 was the deadline issued by the Supreme Court for the shopkeepers to put the Marathis signboards after the Federation of Retail Traders Association had approached the Supreme Court seeking to challenge a state government order of 2022 which had made it mandatory for all shops and establishments in the state to also display Marathi signboards on their shops along with the English signboards or fonts.

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Maharashtra has been planning to effect necessary requisites in the state's new housing policy to make 'Housing for All' a reality and to ensure that every citizen gets their own house either through housing body MHADA or slum rehabilitation projects or through other developments, said Housing Minister Atul Save. In order to boost affordable housing, the government will also find ways to push new investments in the state's housing sector, he said while speaking at a NAREDCO Maharashtra conference. The minister added that the state government's focus is to ensure a maximum flow of housing in Mumbai and the state and provide all the possible support to the real estate sector and bring in new investments. “As the Prime Minister Narendra Modi has envisaged under the PM Awaas Yojana to ensure 'Housing for All', the State Government believes that every citizen of Maharashtra should get his own house through the MHADA or SRA schemes or otherwise… The real estate and construction sector should get a required priority,” he said. Several issues pending in the state's housing sector will be resolved in the new housing policy and 80% draft work of the new policy has been completed and suggestions of the new stakeholders would be considered before finalizing the same. Other departments like home, urban development, revenue, and slum rehabilitation authority (SRA) have also been involved in the policy making, Save added. «More than 50% of the population in the city still lives in slums and about 20% to 30% of slums are to be redeveloped.

Fortis Healthcare said on Friday that it has signed definitive agreements to sell Fortis Malar Hospital in Chennai, to MGM Healthcare Private Limited for about Rs 128 crore. The deal is for the sale of the business operations along with the land and building assets pertaining to Fortis Malar Hospital situated at Gandhi Nagar, Adyar in Chennai. The transaction will be an all-cash deal and is estimated to be consummated by end of January 2024, the company said in a statement to stock exchanges. The divestment is a part of Fortis’ ongoing portfolio rationalization strategy in order to focus on deepening its presence in select geographic clusters where it has a sizable presence.

Bank of India (RBI), banks will remain closed in the following regions: Agartala, Aizwal, Belapur, Bhopal, Bhubaneswar, Chandigarh, Dehradun, Hyderabad, Telangana, Itanagar, Jaipur, Jammu, Kanpur, Kohima, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla, and Srinagar. Apart from this, banks will remain shut in Ahmedabad, Bengaluru, Chennai, Gangtok, Guwahati, Hyderabad-Andhra Pradesh, Imphal, Kochi, Panaji, Patna, Shillong and Thiruvananthapuram.

Raymond's founder, Vijaypat Singhania, in an interview to Business Today, expressed his regrets about handing over his business entirely to the current Managing director, Gautam Singhania. Vijaypat Singhania handed over the authority of his company to his son, Gautam Singhania in 2015. Soon after, Gautam Singhania allegedly drove Vijayapat Singhania out of his JK House building in South Mumbai in 2017, according to various reports.

Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) in India received a bomb threat on Thursday, with an anonymous sender demanding $1 million in Bitcoin (BTC) within 48 hours.

Mumbai International Airport, also known as Chhatrapati Shivaji Maharaj International Airport, on Thursday, November 23, received a "threat" email to blow up its Terminal 2 if the authorities don't comply with the demands, police told ANI. To avert the blast, the blackmailer demanded USD 1 million in Bitcoin within 48 hours.

bond markets to raise capital for infrastructure projects, with big names such as the National Bank for Financing Infrastructure and Development as well as large public sector banks eyeing fund raises worth close to ₹30,000 crore in coming days. Sources aware of the developments told ET that NABFID is eyeing a bond sale worth up to ₹10,000 crore, while the Delhi-Mumbai Expressway aims to garner funds worth up to ₹3,000 crore. Amongst banks, state-owned lenders Bank of Baroda and Canara Bank are looking to raise funds worth up to ₹10,000 crore and ₹5,000 crore, respectively, through the issuance of infrastructure bonds, the sources said. The massive bond pipeline comes at a time when government bond yields have eased significantly from seven-month highs touched in early October.

MHADA) is set to implement the final phase of work related to the Geographical Information System (GIS)-based asset and inventory management system that will help in managing the housing body's land and properties. Sanjeev Jaiswal, Vice President and Chief Executive Officer of MHADA has directed concerned authorities to initiate the implementation of this system from the beginning of the new year. According to Jaiswal, this system, based on GIS, would prove to be a boon for the future housing development projects and land management sectors of MHADA. This system will provide immediate access to information regarding the housing body's current land holdings, potential development on land, encroachments, reservations, and available vacant lands, empowering efficient land management. The GIS-based asset and inventory management system will enable comprehensive surveys and assessments of various housing society properties in Mumbai and across the state through GIS mapping. Moreover, satellite imagery will be used to capture accurate representations of structures on existing lands, facilitating precise instructions for site locations, along with the inclusion of satellite images acquired from satellites to enhance accuracy. Jaiswal suggested expanding the scope of these directives by incorporating information on redevelopment projects covered under Regulation 33/5, 33/7, and 33/9, from inception to the current status and the future prospect of the project, into the system.

Shares are mostly lower in Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain

Syedna Mufaddal Saifuddin, head of the Mumbai-based Dawoodi Bohra sect of Islam, will be conferred 'Nishan-e-Pakistan', making him the fourth Indian to be honoured with Pakistan's highest civilian award. The announcement of the award comes as an acknowledgement of Dr Saiduddin's services, according to a statement by Pakistan President Arif Alvi, who approved the conferment on Wednesday. The date for the investiture ceremony was, however, not made public.