City Mumbai Financial News

Prince Pipes & Fittings, India's leading integrated piping solutions provider and multi-polymer manufacturer, witnessed a remarkable surge in its stock price during Wednesday's trading session, driven by the company's strong Q2FY24 performance. For the September ending quarter (Q2FY24), the company reported a net profit of ₹71 crore, a significant improvement compared to the net loss of ₹24 crore in the same period last year. The company's Q2FY24 results include an exceptional item of a net gain of ₹17.93 crore related to the settlement of the registration of its corporate office at The Ruby, Dadar, Mumbai, based on a valuation report, as per the company's earnings report.

BangalorePETROL (Rs/L) - 101.94DIESEL (Rs/L) - 87.94ChandigarhPETROL (Rs/L) - 96.2DIESEL (Rs/L) - 84.26ChennaiPETROL (Rs/L) - 102.63DIESEL (Rs/L) - ₹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!

₹400 crore to buy the three aircraft but is staring at further headwinds as the aircraft grounded for over four years will require 8-12 months to become airworthy and flown out of India. It will take some more time to convert the passenger planes to freighters, the company said. “...the more you wait, or the more the aircraft is on ground, it loses value and eventually you reach a point when the value of the assets is zero or sometimes even minus.

Glenn Maxwell has withstood an apparent back injury to produce the best knock by any Australian in ODI history, pulling the side from the brink of collapse with a double hundred to beat Afghanistan.

Bombay High Court issued permission to burst firecrackers on Diwali only for three hours, between 7 pm and 10 pm, to combat worsening air pollution in Mumbai. The financial capital's air quality has deteriorated in recent months, with AQI consistently remaining in the moderate to poor category (150-200). A central team is expected to visit the city soon to evaluate the dire situation and what steps the state government has taken to tackle the challenge that leaves a deep imprint on the environment, the health of citizens and the economy. However, banning crackers — as Delhi has done for several years — or restricting their use — as the court suggested in Mumbai — while very welcome, won't be enough.

Voltas Home Appliance Business’ which appeared on Bloomberg, which was also picked up by few other publications/channels, without ascertaining the facts from the Company’s officials before publishing the same. 'In this connection, we wish to categorically state that the aforesaid news is totally incorrect and blatantly false, with no factual basis whatsoever. The Management therefore denies any such development," the company said in a regulatory filing.

ICC World Cup 2023 as an underdog, is on the cusp of entering the tournament's semifinals. The Hashmatullah Shahidi-led team has pushed Australia to the backfoot in the ongoing match in Mumbai. At the time of writing this report, Australia were at 52/4 at the end of first powerplay (10 overs), chasing a significantly big target of 292.

Mumbai, November 06, 2023: The Board of Directors of One Point One Solutions Ltd., a leading provider of Business Process Management (BPM) solutions, has approved an allotment of 3,44,00,000 convertible warrants at Rs. 28.32 per warrant to the promoter or promoter group of the company and certain identified non-promoter persons or entities by way of preferential allotment.

Ipsita Dasgupta, senior vice president and managing director of HP India, has purchased a luxury apartment in Mumbai’s Worli locality for more than Rs 22.50 crore. Dasgupta was roped in by HP India from Apple in October and will be responsible for leading all aspects of the company’s strategy and profit and loss (P&L) in India, Bangladesh, and Sri Lanka. She has bought the apartment on 4th floor of super-premium project Raheja Artesia from the developer K Raheja Corp Homes. The deal was executed by Genext Hardware & Parks, one of the subsidiaries of the real estate developer. The deal, executed on October 26, has attracted more than Rs 22.56 lakh in fees, showed documents accessed through Zapkey.com.

₹346.7 crore in the September quarter. The company recorded a 24% jump in the operating income to ₹592 crore for the first half of FY24 (April-September). The company's income from operating lease rentals grew 33% YoY to Rs.

₹2.5 crore each. Currently, the company runs to and fro services between various routes connecting: Gateway of India to Mandwa, JNPT to Belapur, JNPT to Elephanta, Nerul to Elephanta, Nerul to JNPT, Belapur to Harbour Cruise, Belapur to Elephanta Caves, Belapur to JNPT and Belapur to Nerul.

home loan and real estate industries see the festive season as a potential opportunity to increase their sales by attracting customers. A recent report by real estate advisory company Palladian Partners shows there was a 32% jump in bookings in Mumbai in September 2023 year-on-year (YoY) while stamp revenue rose 53 per cent during the same period. Anarock Group’s data for September showed a jump of 29% YoY in new bookings in Bengaluru.

In 2015, Ashwajeet quit his first job within three months to couchsurf with Arman, who was working in Mumbai at the time. The deal was that if the duo came up with a business idea, Arman would quit his job.

Bimaplan has raised $3.5 million in a pre series A funding round led by Orios Venture Partners. Existing investors Finsight Ventures and 2am VC also participated in the round. This takes the total funding raised by the startup to $6 million.

LEAP AHEAD initiative — a joint collaboration of Software Technology Parks of India (STPI) and The Indus Entrepreneurs (TiE) Delhi-NCR — to boost startups across the country. Arvind Kumar, Director General, STPI; Shri Sushil Pal, Joint Secretary, MeitY; Dr Saurabh Shrivastava, Chairman Emeritus, TiE Delhi-NCR & Co Founder, Indian Angel Network; Shri Alok Mittal, Co-founder, Indifi Technologies & President, TiE Delhi-NCR; Shri Ashok Singh, Executive Vice President, Investor Relations, Mumbai Angels; Shri Prem Bharthasarathy, Managing Partner, Pontaq Ventures India LLP, Shri Devesh Tyagi, Senior Director, STPI; Shri Subodh Sachan, Director, Innovation and Startups, STPI and Ms. Manjusha Chourasia, Scientist ‘E’, MeitY. This initiative is aimed to helping startups looking at scaling stage, growth stage, product diversification or planning expansion into new geographical locations.

Brookfield India Real Estate Trust has leased over 5.21 lakh sq ft office space including 4.63 lakh sq ft of new leasing during the quarter ended September. Of this, the listed Real Estate Investment Trust (REIT) has leased over 3.18 lakh sq ft in its Special Economic Zone (SEZ) assets with 2.20 lakh sq ft of expansion demand from existing occupiers. Around 37% of the office space was leased to Global Capability Centers (GCCs).

Also Read: Mumbai news: Bombay HC allows bursting of firecrackers for 3 hours on Diwali; all constructions halted As per the Drik Panchang, the muhurat for the festival is set to commence on November 14 and will continue through November 15. The Bhai Dooj Aparahna Time is scheduled to begin at 01:10 PM and come to a close at 03:19 PM. Also Read: 32% of families in Delhi-NCR planning to burst firecrackers this Diwali, says survey On November 14, 2023, the Dwitiya Tithi will commence at 02:36 PM and wrap up at 01:47 PM on November 15.

Australia vs Afghanistan Live Score Updates: AUS vs AFG, World Cup royalty Australia take on a resurgent Afghanistan side at the iconic Wankhede Stadium in Mumbai from 2pm today.The Aussies have made a great comeback in the tournament after being crushed by India and South Africa in their opening two ICC World Cup 2023 matches.David Warner, at the top of the Australian batting line-up, has proved his critics wrong and continues to shine as one of the tournament's top run-scorers.

benchmark NSE Nifty 50 Index has climbed in the six months leading to the vote in each of the past five elections, posting an average 16 percent return during the period, data compiled by Bloomberg show. Gains in the three months after the polls have averaged more than 3 percent. Prime Minister Narendra Modi faces a test in five state polls this month before the nationwide contest in the summer of 2024.

national capital found itself shrouded in dense smog on Tuesday. Delhi-NCR Air Pollution LIVE The overall air quality of Delhi was recorded in the 'very poor' category with an Air Quality Index (AQI) of 399, according to the System of Air Quality and Weather Forecasting and Research (SAFAR)-India. Air quality at Delhi University was recorded at 461, while the airport at Terminal 3 noted an AQI of 433, Noida at 463, IIT Delhi at 416, and Gurugram at 369, as per SAFAR data at 7 a.m.

MUMBAI: Bajaj Finance said it plans to raise as much as 8,772.5 crore in share sale to investors, reports Our Bureau. The company said it would sell 12.1 million shares at 7,250 apiece, a discount of about 5% to Monday's closing price.