City Mumbai Financial News

The Mumbai city (area under BMC jurisdiction) recorded property registrations of 12,602 units between Navratri until Bhai Dooj, spanning from October 15th, 2023, to November 15th, 2023, as against 9,659 units registered during the same period last year, resulting in a 30.0% year-on-year (YoY) growth, according to Knight Frank India.

Slated to be completed by October 2026, the Haryana Government’s ambitious mixed-land-use project — Global City Gurugram — comprising residential and commercial complexes, high-street retail spaces, Special Economic Zones (SEZs), high-tech industrial spaces, plotted developments, and self-sufficient and inclusive social infrastructure is expected to ramp up investments in Dwarka Expressway. It is being built as an integrated township across 1080 acres in Sectors 36B, 37A, and 37B along the suburbs of Dwarka Expressway.

The festive season is upon us, and stakeholders in India’s real estate sector have more than just the holiday cheer to be excited about this year. What has kept the growth momentum going for the second-largest employment sector in the country at a time when global economies are reeling under the impact of geo-political tension?

The second edition of ‘Lollapalooza India’ will be taking place in Mumbai on January 27 and 28 2024. Just like the first edition, ‘Lollapalooza India 2024’ will be held at the iconic Mahalaxmi Race Course, Mumbai.

₹94.33KolkataPETROL (Rs/L) - 106.03DIESEL (Rs/L) - ₹92.76Mumbai CityPETROL (Rs/L) - 106.31DIESEL (Rs/L) - ₹94.27New DelhiPETROL (Rs/L) - 96.72DIESEL (Rs/L) - ₹89.62 Download the App to get 14 days of unlimited access to Mint Premium absolutely free!

football and Bollywood come across each other? A lot of fun parties that’s for sure! Football icon David Beckham, who was on a three-day visit to India as a UNICEF ambassador, attended a soiree arranged by superstar Shah Rukh Khan, before heading towards the Mumbai airport. In a video, the football legend is seen arriving at SRK’s mansion 'Mannat' in a car. His car is followed by several luxury cars. The video has gone viral on social media. Fans have speculated that King Khan must have thrown a party for the footballer.

Also Read: Adani to kick off Dharavi project with $1.5 billion investment The state government’s Urban Development Department has modified the rules through a notification, the report added. According to the existing rules, there is an indexation provision for the utilization of Transferable Development Rights (TDR). This means that there would not be any cap on area-specific use of the TDR.

World Cups. But the sheer dominance it has displayed over the one-day game this time is unprecedented. Wednesday’s 70-run win over New Zealand in the first semi-final exemplifies this success.

MUMBAI : After several months spent trying to sensitize lenders against the ongoing credit binge, the Reserve Bank of India (RBI) on Thursday raised risk weights on consumption loans, credit card exposures and loans to non-bank financiers by 25 percentage points each, hoping higher consumption of capital will slow such rapid growth. Bankers and financial sector experts said this would mean borrowers of such loans would have to shell out more as lenders try to compensate for the increase in capital requirement.

MUMBAI : Japan’s SoftBank Group Corp. will sell shares worth $154 million ( ₹1,250 crore) in Delhivery in a block deal on Friday, a term sheet for the transaction showed. The investment firm will continue to hold 10-11% in the new-age logistics firm after the sale.

MUMBAI : The Securities and Exchange Board of India (Sebi) will propose a review of its regulations for delisting stocks at its next board meeting, chairperson Madhabi Puri Buch said. “There was a popular belief that we would never review the delisting regulations and that we would stay with the reverse book-building process. A consultation paper has already been floated, and Sebi has received a lot of feedback.

MUMBAI : There is a “wide consensus" supported by economic forecasts that real gross domestic product (GDP) growth in the second quarter will turn out to be better than the Reserve Bank of India’s (RBI) projection of 6.5%, an article in the central bank’s November bulletin said on Thursday. The estimates for the second quarter (Q2) of FY24 are set to be released at the end of this month.

The Indian manufacturer of more than a number of eyedrops subject to a U.S. safety warning has officially recalled the products

Railway Minister Ashwini Vaishnaw on Thursday said there has been a nearly three-fold increase in the number of special train trips this festive season as compared to last year. The railways is operating 6,754 additional train trips this festive season between October 1 and December 31 to clear the rush of passengers as compared to 2,614 in the same period last year, he said. Till date 2,423 trips have been completed and the remaining trips will be made in the coming days, the minister said.

By Kane Wu and M. Sriram

World Cup semi-final at Mumbai's Wankhede Stadium. In her late-night Instagram post, Sharma referred to Kohli as "God's child". She expressed her gratitude for his presence in her life.

PTI reported.Check all the LIVE updates hereMajor cities across northern states of India have been battling the problem of pollution for the past few weeks with toxic haze blanketing the cities. These polluted cities include Patna, Delhi, Mumbai, Noida, etc.In the list of the top 10 most polluted cities with the worst air quality as of 6:30 am, two are in Bihar, more than three in Rajasthan, followed by Delhi, Punjab, Haryana, and more.According to Central Pollution Control Board (CPCB) data, Patna's air quality slipped into the ‘hazardous’ category as the overall AQI of Bihar’s capital city stood at 587 today morning, while Delhi's AQI was 449 at 6.30 am on Thursday.

World Cup 2023 at the Wankhede Stadium in Mumbai, Virat Kohli and Shreyas Iyer both scored centuries while Mohammed Shami claimed seven wickets. In the final on November 19, Rohit Sharma and the Men In Blue will face each other at the Narendra Modi Stadium in Ahmedabad under Rohit Sharma's leadership. The Indian team was praised by many political leaders, including Prime Minister Narendra Modi.

Sahara Group's real estate assets including the Aamby Valley City, in the neighbourhood of Lonavala near Mumbai and Pune, is with the group and is operating at full potential, the group said. Sahara group founder Subrata Roy, 75, passed away in Mumbai on Tuesday. Aamby Valley, spread across more than 10,000 acres in western Maharashtra, is a premium gated city with luxury villas, an 18-hole Golf course, and over 90% of landscaped open spaces. The Sahara Group has been entangled in a long-drawn court battle with the Securities & Exchange Board of India (Sebi) with regards to a case involving Optionally Fully Convertible Bonds (OFCBs) that were issued by the group to raise ₹25,000 crore. The Supreme Court had ordered the auction of Aamby Valley to recover the money and refund deposits to investors.

MUMBAI : Indian equities rallied on Wednesday tracking gains in global stocks, as lower-than-expected US inflation raised optimism about the end of the rate hike cycle. Derivative short covering by foreign portfolio investors (FPIs) also helped. The National Stock Exchange’s Nifty 50 gained 1.19% to close at 19,675.45, while the BSE’s 30-stock Sensex rose 1.14% to close at 65,675.93.

MUMBAI : Hiring activity cooled in tech and retail sectors in the December quarter as companies cut hiring mandates and reduced sub-contracting costs, while banking recruitment stayed flat and manufacturing saw a minor uptick. While hiring in the IT and startup sector is down to the levels of June quarter of 2020 when a strict lockdown was in force, retail and packaged consumer goods mandates are almost 20% lower from a year ago, recruiters said. However, manufacturing and automobile industries have shown some growth in hiring.