City Mumbai Financial News

₹17.01 crore in Mumbai's Bandra, a Moneycontrol report quoted the documents accessed by realty platform IndexTap.com. The apartment is located in the posh locality of Pali Hill and comes with a carpet area of 1,474 sq ft. As per the report, Keystone Realtors Limited is the seller of the property and Preity Zinta paid the stamp duty of ₹85.07 lakh.

festive season has sparked a surge in the property market of Mumbai, the country’s financial capital led by positive sentiment among homebuyers. During the nine days of Navratri spanning from October 15 to 23 witnessed a 37.4% year-on-year growth in registrations at 4,594 property transactions in the city. The state exchequer collected a total revenue of Rs 435 crores from property registrations during this nine-day period.

local train services in Mumbai will be cancelled from October 27 to November 5, as Western Railway (WR) will be implementing blocks for commissioning. The cancellations will affect train services towards Virar and Churchgate. The reason behind these cancellations is the ongoing construction of the 6th line project, which aims to enhance the carrying capacity of the suburban train network.

PTI reported. Earlier, during the Security Council meeting, US Secretary of State Antony Blinken emphasized that all acts of terrorism, whether carried out by organizations like Lashkar-e-Taiba based in Pakistan or by Hamas, and regardless of the locations they target such as Mumbai or Kibbutz Beeri, are considered unlawful and unjustifiable.

As many as 4,594 property units were registered during the nine days of Navratri, spanning from October 15th to October 23rd, 2023, in Mumbai city (areas under BMC jurisdiction), according to a report by Knight Frank India. Property registration in the city witnessed 37.4% year-on-year (YoY) growth, marking an increase from 3,343 units registered during the Navratri period last year. 

CBRE, the Industrial & Logistics (I&L) sector is likely to touch a 5-year high absorption mark and touch 36 – 38 million sq ft in 2023 across the top 8 cities in India. “With the surge in quality supply additions, robust festive demand, and the completion of pent-up projects, we anticipate the overall absorption to touch a 5-year high, reaching an impressive 36-38 million square feet by the end of 2023. The active participation of larger developers backed by institutional funds, contributing around 40% to the completed projects, underscores the sector's growth potential,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE.

In the quarter, the total revenue stood at Rs 1,364.8 crore, up 2.9% against Rs 1,326.3 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA declined 20.7% to Rs 53.6 crore from Rs 67.6 crore in the corresponding period in the previous fiscal. Meanwhile, EBITDA margin stood at 3.9% in the reporting quarter as compared to 5.1% in the corresponding period in the previous fiscal. Mahindra Logistics reported a 4% increase in volumes for its MLL Express business during the quarter.

PTI, speaking to a large crowd during the Shiv Sena's Dussehra rally at Azad Maidan, Shinde, said, “I am aware of their pain and sorrow. The Justice Shinde (retd) committee is working 24 hours and a curative petition has been filed in the Supreme Court (which had struck down the Maratha quota) and it has been admitted.

Catch all Updates on AQI levels in Delhi, Mumbai and other cities here. Congress leader Deepender Singh Hooda on Tuesday said the Manohar Lal Khattar-led BJP government did not pay attention to Haryana's air quality for the past 9-10 years. Citing a report on the AQI, the Congress MP also informed that nine cities of Haryana were included in the top 27 most polluted cities in the world. While speaking to news agency ANI, Hooda said, "Air pollution is a serious issue.

₹7.59 lakh crore on Monday as the equity market took a heavy drubbing amid escalating tensions in the Middle EastThe 10-year Treasury yield eased on Tuesday after hitting its highest level since 2007 a day before and was at 4.82%. Another drop in oil prices helped to ease the pressure on inflation.Oil steadied after falling more than 6% over the previous three sessions on signs the Israel-Hamas war will remain contained for the time being.Tata Consultancy Services (TCS) Ltd is revising the rates it pays to about 1,000 staffing firms for every engineer deployed, the first such revision by India’s largest information technology (IT) services company in the past six years.The Mumbai-based company communicated to the staffing firms last month that the new pricing structure for engineers, depending on the skill sets, will be effective from January, according to two executives privy to the development.“The vendor contracts get renewed every September/October and are valid for a year.

Reliance Industries: According to reports, Reliance is close to finalising a cash and stock agreement to acquire Walt Disney's India operations. It is speculated that the US entertainment powerhouse might relinquish a controlling interest in the Disney Star enterprise, estimating its worth at approximately $10 billion. Conversely, Reliance has appraised the assets to be valued within the range of $7 billion to $8 billion.

Also read: The air quality struggles of Delhi and Mumbai, explained in charts Besides, district officials will be conducting field visits to ensure the strict implementation of pollution mitigation measures. The Delhi government has also been instructed to run additional buses in the capital under the "Paryavaran Bus Sewa" campaign to bolster public transport in a bid to reduce vehicular emissions.

Exponent Energy is set to shortly close its first funding round in more than a year by raising $25 million at a valuation of $100-120 million, multiple people briefed on the development said. The round will be led by Fidelity-backed global investor Eight Roads, which has invested in Indian startups such as Pharmeasy, Whatfix, Shadowfax and Icertis. Exponent Energy’s existing investors including Lightspeed India and AdvantEdge VC will also take part in the round, the people cited above said.

Inc.5 Shoes raised its maiden venture funding of $10 million (about Rs 83 crore) in a round led by Mumbai-based venture firm Carpediem Capital, with participation from Param Capital and P3 Venture Fund. It did not disclose the valuation at which it raised the funds.

MUMBAI : Tata Consultancy Services (TCS) Ltd is revising the rates it pays to about 1,000 staffing firms for every engineer deployed, the first such revision by India’s largest information technology (IT) services company in the past six years. The Mumbai-based company communicated to the staffing firms last month that the new pricing structure for engineers, depending on the skill sets, will be effective from January, according to two executives privy to the development.

MUMBAI : A remarkable shift has unfolded in the world of banking over the past decade in India, and it’s not what you might expect. This time, it’s not the mega loans to corporate giants that are making bankers nervous. The latest cause for concern is much smaller in scale: Consumer loans, each less than ₹50,000.

Uddhav Thackeray invoked late former prime minister Atal Bihari Vajpayee in his Dussehra speech at Mumbai's iconic Shivaji Park, as he highlighted the importance of a “mili-juli sarkaar" (coalition government) at the Centre. Thackeray also lashed out at his former aid and Maharashtra CM Eknath Shinde, daring him to call the Assembly elections at the earliest to ascertain the real claimant of Shiv Sena. Here are the 10 key highlights: - Despite losing the Shiv Sena name and electoral symbol to rival Shinde, Thackeray asserted that the bulk of the party's cadre are with him, adding that his group is the real claimant to the legacy of late Sena founder and his father Bal Thackeray.

MUMBAI : Retail investors who entered the market in the past two months through September will be worst affected if the broader market indices pull back further from current levels amid surging bond yields in the US and the Israel-Hamas war in West Asia. According to National Stock Exchange (NSE) data, retail investors who directly buy and sell shares on its secondary market made net purchases for a second straight month in September, amounting to ₹7,500 crore.

Amid the ongoing Navratri festival in India, there has been a surge in Gold prices. At the time of writing today (October 23), 24-carat gold was selling at Rs 6145 per gram in Mumbai, up by around Rs 1350 per gram since October 17. The eruption of a fresh conflict in West Asia is being seen as the prime reason behind the recent surge in Gold prices.

MUMBAI : Kaya Ltd, a skincare and haircare services provider, announced on Tuesday that its board has approved a rights issue to raise ₹300 crore. The issue will be offered to the existing shareholders of the company on a record date to be specified, according to an exchange filing. On 20 October, the company had said its board would consider and approve various fund-raising options.

World Cup, as South Africa piled up 382-5 against Bangladesh at the Wankhede Stadium in Mumbai on Tuesday. The Proteas were briefly in trouble at 36-2 after winning the toss but rallied strongly, taking 144 runs off the last 10 overs. But left-handed opener De Kock responded with a third hundred in five World Cup innings — after scores of 100 and 109 against Sri Lanka and Australia — as he continued his superb start to what the 30-year-old has said will be his last major one-day tournament.