City Mumbai Financial News

₹11,000, showcasing a remarkable year-on-year growth of over 60%. Pune, Bengaluru, Hyderabad, Chennai and Delhi saw a decline in demand. The sharpest decline was seen in Pune and Bengaluru, between 5% and 10% in terms of occupancies, while the others were down by up to 5%.

World Cup match against South Africa at Kolkata's iconic Eden Gardens. Making this extraordinary day even more special, the Cricket Association of Bengal (CAB) has devised a grand plan, as per President Snehasish Ganguly. All the tickets for the match have been sold out, pointing to a packed house eager to witness this unique alignment of cricket and celebration.

Co-living space COVIE, on Tuesday, announced a partnership with Ashray Developers for the 'Jaswanti Bliss, Off BKC' project. In this project, COVIE will lease Ashray's 94 2BHK units across two wings accommodating approximately 400 beds. Mumbai’s BKC region, celebrated for its robust infrastructural framework, has witnessed a surge in co-living and student housing demands. The collaboration aims to fulfil this escalating need, leveraging the regions strategic positioning amidst educational institutes and growing corporate entities. Abhishek Kumar, Co-founder at COVIE, said in a statement, «The evolving aspirations of young professionals lean towards shared living spaces.

Moneycontrol IFSCA chairperson K Rajaraman, speaking to Moneycontrol during the Asia Securities Forum AGM in Mumbai, shared, "It is currently awaiting the PMO approval and could be out anytime soon. Recommendations by the working group, coordinating with the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI), will also be out in 10–15 days. Then, we can make the necessary amendments to enable the procedure by the end of the year, he told Moneycontrol during the event.

Indian Railways has unveiled a plan to introduce 283 festival special trains for the Diwali and Chhath Puja celebrations, special Vande Bharat Express train from Delhi to Patna is scheduled to take 3-4 trips during Chhath Puja. As reported by The New Indian Express citing a railway official, “this will be the first time that Indian Railways will be exhibiting a high degree of obeisance to the Chhath deity, by running the special Vande Bharat train between Patna and New Delhi." Also Read: Indian Railways extends Rani Kamlapati-Jabalpur Vande Bharat Express till Rewa.

Kashyap says the idea of his much-anticipated film 'Kennedy' came from his friend and fellow filmmaker Sudhir Mishra, who had originally planned to make the movie with actors Sanjay Dutt and Tejaswini Kolhapure decades ago. Starring Rahul Bhat, the Hindi-language neo-noir thriller received a standing ovation on Sunday night at its screening at the Jio MAMI Mumbai Film Festival 2023 under the Gala Premier South Asia section. During the Q&A session post the screening, Kashyap said Mishra had roped him in to write a movie revolving around Uday Shetty, the character eventually played by Bhat in 'Kennedy'.

The government recently imposed Minimum Export Price for onions and procurement of additional 2 lakh tonnes of onion for buffer stocks. A buyer in Mumbai said, «The prices of onions have increased so much. The rate is Rs 80 per kg. It may go up to Rs 150.

Vande Bharat Express: Amid rise in demand, Railways to increase operations on Mumbai-Goa route: Report The trials are expected to take place in the Mumbai-Nashik corridor, with a focus on the hilly terrain, as per the report. One potential route for the train would likely be Mumbai-Delhi. Officials did not respond to queries, the report added.

TVS Motors: TVS Motor Company on 30 October announced its quarterly reports for September 2023 and said its net profit grew 32% at ₹537 crore for Q2 FY2023-24, as against ₹408 crore during Q2 of FY 2022-23. Apart from this, the firm's operating revenue increased by 13% at ₹8,145 crore in the September quarter of FY 2023-24, compared to ₹7,219 crore in Q2 of last year, it said in a stock regulatory filing. Marico: Marico Ltd on October 30 reported a consolidated net profit of ₹360 crore for the second quarter of fiscal year 2023-24 (Q2FY24), marking a growth of 17.3% as compared to ₹307 crore reported in the year-ago period.

₹1,761.86 crore, according to NSE data. DIIs bought equities ₹1,328.47 crore net, the exchange data showed.World oil prices sank Monday as traders hoped a region-wide conflict could still be avoided and Israel said its forces killed dozens of Hamas militants in clashes in Gaza.Global investors are looking forward to key reports on consumer confidence and the U.S.

₹400 crore. HT reported that he is the same sender who sent two such emails on October 27 and demanded ₹200 crore from Ambani. “No matter how good your security is, one sniper of ours can kill you.

Jio Infocomm is chasing a ₹70,000-crore annual revenue opportunity as part of its "change India project" to connect 100 million households with broadband in the coming couple of years, a senior company executive told ET. This will be at the heart of the telecom operator's push to monetise 5G services and drive average revenue per user (ARPU). While fibre remains an important means, its fixed wireless access (FWA) offering, JioAirFiber, will be key to achieving the ambitious figure.

Mindspace Business Parks REIT is planning to develop a mixed-use property spread over 8 lakh sq ft including commercial offices and a luxury hotel at its existing business park in Mumbai region’s Airoli east locality. Of the total development, 5.30 lakh sq ft will be earmarked for office development and 2.80 lakh sq ft will be set aside for an upscale hotel. On Monday, the REIT received an approval from its board to ink a long-term lease with group company Chalet Hotels for this property. “Our memorandum of understanding (MoU) with Chalet Hotels for the mixed-use development, enhances tenant offerings and fosters business synergies,” said Ramesh Nair, Chief Executive Officer, K Raheja Corp Investment Managers, manager to Mindspace REIT. In terms of development, the REIT is actively working on an under-construction pipeline of 2.9 million sq ft.

₹5,000 crore tender early next year for fast-tracking the adoption of Kavach. These include two tenders for Kavach, on a 6,000-km network each. This is double the 3,000 km first tender for Kavach issued in 2021.

Mumbai: As per the International Monetary Fund’s World Economic Outlook released in early October, China is expected to grow by 5% in 2023. This growth forecast is in constant terms adjusted for inflation and in the Chinese currency yuan. A growth of 5% in 2023 is better than growth of 2.2% in 2020 and 3% in 2022.

Mumbai: Blackstone Group Inc. has acquired controlling interests in Care Hospitals and Kims Health in a multi-layered deal valued at $1 billion, marking the private equity giant's maiden foray into India's healthcare sector. The New York-based firm secured roughly a 75% stake in Care Hospitals from Evercare Health Fund, an arm of TPG, for around $700 million, said a persom familiar with the transaction, requesting anonymity.

Rajasthan News: CM Ashok Gehlot accuses BJP of targeting him via ED raids: 'Red Rose is happening' The summons are linked to recent ED raids against Rajasthan based hospitality group Triton Hotels & Resorts Pvt. Ltd., Vardha Enterprises Pvt.

Lodha, listed at Macrotech Developers, is set to exceed its full year guidance of Rs 17,500 crore worth Gross Development Value (GDV) for new project additions in the current financial year, said a top company official. The company has already added projects with development value of Rs 14,300 crore or over 80% of its full year guidance in the first half of the financial year and expects to surpass the guidance soon, Abhishek Lodha, MD & CEO, Macrotech Developers, told ET. “Given how much we have already achieved in the first half and the pace of new project additions and strengthening the pipeline of business development opportunities, we are well on our way to exceed our full-year guidance,” Lodha said. The company will continue to operate with its ‘supermarket’ strategy that involves undertaking a development every 3-5 kilometres across key core property markets including Mumbai and Pune. “The ‘supermarket’ strategy is part of our diversification. We believe that Indian homebuyers typically do not shift beyond 3-5 kilometres away from where they currently live.

GST Intelligence (DGGI) is investigating the sale of Raymond's consumer goods business to a Godrej unit, The Economic Times reported quoting sources. In April 2023, Godrej Consumer Products (GCPL) acquired Raymond's FMCG business, including the Park Avenue, KS, KamaSutra, and Premium trademarks, through a slump sale. Also Read: Centre notifies 18% GST on corporate guarantees In a filing with the stock exchanges, GCPL revealed that it paid ₹2,825 crore for this acquisition.

Manipal Group has invested in Mumbai-based online beauty products retailer Purplle in a secondary transaction, purchasing shares from JSW Ventures. Through the deal, JSW Ventures has partially sold its shareholding in Purplle. In May, ET had reported thatJSW Ventures had partially sold its stake in Purplle to Abu Dhabi Investment Authority (ADIA). At the time, the startup closed a $40-50 million funding round, split between primary and secondary transactions, at a flat valuation of $1.1 billion.

Anand Mahindra, the Chairman of the Mahindra Group, took a moment to celebrate the iconic "kaali peeli" taxi by sharing a heartfelt post on social media. He posted a picture of a "Premier Padmini" taxi and expressed his nostalgia for these vehicles. «From today, the iconic Premier Padmini Taxi vanishes from Mumbai's roads. They were clunkers, uncomfortable, unreliable, noisy.