City Mumbai Financial News

ODI World Cup 2023 between India and New Zealand will be played at the iconic Wankhede Stadium on Wednesday. India have played 21 ODI games at the Wankhede Stadium in Mumbai, in which the 'Men in Blue' have clinched 12 wins and nine losses. The highest total by Team India was made recently when Rohit Sharma's side scored 357/8 against Sri Lanka in the ODI World Cup 2023 on November 2. On the other hand, the lowest score was on October 30, 1989, when India could score only 165 runs in 48.5 overs against West Indies.

Rohit Sharma-led India are all set to take on New Zealand in the semi-final of the ICC ODI World Cup 2023 at the iconic Wankhede Stadium in Mumbai on November 15. However, ahead of the scheduled match on Wednesday, the broadcaster - Star Sports - has come under a lot of criticism from social media users. A preview poster released by Star Sports for the upcoming clash of titans showed Kiwi captain Kane Williamson and veteran Indian batsman Virat Kohli standing side by side with the details of the match below.

Gautam Singhania announced on social media that he and his wife Nawaz Modi Singhania were separating, the latter posted a video of participating in a Diwali puja celebration with her in-laws. Nawaz took to Instagram — where she has 241K followers on her handle Nawazbodyartmumbai — and shared a video in which she thanked her in-laws «for their unstinted support, love, kindness & help, at these & all times.» In the video, the 53-year-old Nawaz is seen sitting on a sofa and participating in a puja with a few other unidentified family members. Later she is seen circling around the holy fire with the help of a walking stick. «Ever blessed to have my in-laws unstinted support, love, kindness & help, at these & all times.

India will play against the semi-final against the fourth-placed New Zealand on November 15 at Wankhede Stadium in Mumbai, while South Africa and Australia will play against each other in the second semifinal on November 16 at historic Eden Gardens in Kolkata. The ICC has announced adjustments to the rules for the semi-final matches compared to the group stage. To account for rain interruptions, the semi-finals have a reserve day scheduled.

UAE. The Singapore-headquartered transportation solutions enterprise, BoxcoWorld FZE, on November 1 inked a memorandum of understanding with Dubai-based global maritime major DP World to invest $28 million to construct a modern warehouse in the Jebel Ali Free Zone, a free trade zone in the UAE. The deal was signed by Abdulla Al Hashmi, COO of Parks & Zones, DP World, UAE Region, and Vir Kotak, Founder of BoxcoWorld. DP World is an multinational logistics company specialising in cargo logistics, port terminal operations, maritime services and free trade zones.

Fedbank Financial Services, Epack Durables and Suraj Estate Developers have received market regulator Securities and Exchange Board of India's (Sebi) approval to go ahead with their proposed initial public offerings (IPO). The regulator issued its final observations on the draft papers filed by the companies earlier this month. When a company receives a final observation from Sebi, it's a signal from the regulator to go ahead with the IPO process. Fedbank Financial Services' IPO consists of a fresh issue of ₹750 crore and an offer for sale of 70.3 million shares.

Michod has vivid memories of his last trip to India but what truly left an impression on him was witnessing the enchanting synergy between Bollywood superstar Shah Rukh Khan and his Hollywood counterpart, Brad Pitt. Michod had come to the country with Pitt to promote their Netflix satirical film 'War Machine' in May 2017. As part of the promotional campaign, Pitt and Khan came together for an in-conversation session, during which they discussed their respective careers and the many memorable movies that they fronted.

MUMBAI : Biocon Biologics Ltd, the biosimilar arm of Biocon, will consider a listing only after it completes the integration of its Viatris portfolio, which is due by the end of March, the company’s chief executive officer Sreehas Tambe said in an interview. The company is also looking to secure US regulatory approval for Aspart (insulin biosimilar) and Bevacizumab (cancer biosimilar) before going ahead with its initial public offering, he added. Biocon Biologics had acquired Viatris’ global biosimilar portfolio for $3.34 billion in November 2022 in a cash and equity transaction.

Adani Energy Solutions (AESL), erstwhile Adani Transmission Ltd is planning a private placement of bonds worth $360 million, said a company executive. «We are looking for a private placement of $360 million of transmission assets which were commissioned in the last three to four years. That is a size of $360 million, transactions and paperwork all are underway,» Rohit Soni, chief financial officer, AESL told analysts on the company's Q2 earnings call.

India vs New Zealand, ICC World Cup 2023: Shubman Gill surpassed Pakistan skipper Babar Azam as the number 1 in the One Day International (ODI) cricket. The 24-year-old Indian opener has been great in every format of the game this year and never misses out on showing his brilliant techniques.

India vs New Zealand, ICC World Cup 2023 semi-finals: The world of cricket is ready for another action-packed thriller as India again faces New Zealand in a World Cup knockout match. You don't need to be a cricket pundit to say that watching India vs New Zealand knockout matches is not for the faint-hearted. More than a billion fans remember Martin Guptill's amazing throw which dismissed MS Dhoni and dashed India's chances to win the 2019 World Cup semi-finals.

student visa season, the US Embassy and Consulates in India granted a record-high number of student visas. In India, consular staff granted 95,269 visas in the F, M, and J categories.

Indian Railways is planning to operate Vande Bharat express trains connecting Gujarat's Vadodara city to Maharashtra's Pune, as reported by Times of India. As per the report, apart from this, Gujarat state is also soon set to get its second semi-high speed train between Ahmedabad and Mumbai Central route, for which the trial run was undertaken on 10 November. The plan to operate the new Ahmedabad and Mumbai Central route came after a rise in demand among commuters.

Kuldeep Yadav expects the bowlers to have a tough time at Mumbai's batsman-friendly Wankhede Stadium when the hosts take on New Zealand in their World Cup semi-final on Wednesday. South Africa posted 399-7 against England and 382-5 against Bangladesh while India made 357-8 against Sri Lanka at the venue before Glenn Maxwell smashed an extraordinary double century as Australia chased down 291 against Afghanistan last week. «It's a difficult venue to bowl in. The bounce is true and batsmen often dominate there.

Bloomberg reported that Mobius plans to step back from the namesake investment firm he co-founded five years ago. "London-based Mobius Investment Trust will continue to be managed by Mobius Capital Partners LLP, which is led by Founding Partner Carlos Hardenberg, according to a statement from the trust on Friday. The fund had $250 million in assets under management as of February," according to the Bloomberg report.

IQAir. Taking the number 1 position, Delhi is the most polluted Indian city and also took the top spot globally. As per IQAir, Delhi's air quality stood at 430. The ban on firecrackers was violated in several areas of Delhi as people celebrated Diwali on Sunday.

private equity major Warburg Pincus has made an exit worth over Rs 600 crore from its joint platform with realty developer Runwal Group for the development of retail-led, mixed-use properties in India, said persons with direct knowledge of the matter. Runwal took over the stake. In 2019, in one of the largest real-estate investment platform transactions in India, an affiliate of the New York-based institutional investor had entered into the alliance to develop shopping malls in key cities with a sizeable population and growing disposable incomes. “Warburg Pincus exited the joint retail development platform successfully with superior returns last week.

Karan Adani boasted that a newly inked $553 million US government financing deal toward a port terminal being developed by his family’s conglomerate was a “reaffirmation by the international community.” The announcement marked a welcome reprieve for India’s Adani Group following a damaging short-seller attack and a number of corporate fraud allegations leveled against it this year. It also signaled Washington’s endorsement for the port empire owned by Karan’s father and billionaire Gautam Adani — seen as a close ally of Prime Minister Narendra Modi — that would help curb China’s maritime influence in the Indian ocean. Those waters account for more than one-third of the world’s bulk cargo traffic and two-thirds of oil shipments. Chakri Lokapriya, chief investment officer at TCG Asset Management Co. in Mumbai, called Adani’s port ambitions a “strategic” play, assisting India to counter China’s own string of ports in its backyard, stretching from Sri Lanka to Pakistan. Now Adani Ports and Special Economic Zone Ltd., seen as the conglomerate’s crown jewel, is eyeing further “opportunities in our neighboring countries,” Karan Adani, the operator’s chief executive officer, told Bloomberg News in the Sri Lankan capital. Those include potential ventures in Bangladesh, as well as East African and Southeast Asian nations, including Tanzania and Vietnam, adding to its existing Sri Lanka and Israel developments, he said. In a world that’s “looking beyond China — it is indeed a Chinese-styled expansion by Adani,” said Sanjiv Bhasin, director at Mumbai-based IIFL Securities Ltd.

fire broke out in two places in the Khetrajpur area of Odisha's Sambalpur city on 12 November. One fire broke out at a gunny godown and another fire incident broke out on the third floor of a residential building. The fire on third floor of the building has been successfully controlled while the gunny godown fire have also been doused.

ANI. Meanwhile, in the financial capital, Mumbai also has seen the air quality dropping to alarming levels this year.

World Cup. Virat Kohli scored 51 in 56 balls, with five fours and a six. His runs came at a strike rate of over 91.