City Mumbai Financial News

Subscribe to enjoy similar stories. The Maharashtra government has increased ready reckoner (RR) rates for FY26 after a gap of two years. RR rates, also known as circle rates, are the state government's estimates of the minimum property prices in an area.

Subscribe to enjoy similar stories. Mumbai: Weikfield Foods, known for its custard, jelly mixes and baking powder, will produce more ready-to-eat products for the convenience-seeking younger generation of customers, look for acquisitions to boost growth, and come out with an IPO to fund its expansion plans, CEO and managing director Ashwini Malhotra told Mint in an interview. The company’s ready-to-eat custard, launched a few years ago, is gathering momentum and is one of its first game-changing products, he said.

Bewakoof, founder and CEO Prabhkiran Singh shared his journey from a modest office in a Mumbai slum to building a brand popular among urban youth. Singh posted on LinkedIn about the challenges he faced, including working in a small space without air conditioning under a tin shed, and the resilience that helped the company grow.

safe-haven assets. However, rising prices have crimped consumer sentiment, impacting sales of the yellow metal. Gold is currently trading at ₹90,966 per 10 gm in the physical market, up by ₹1,802 per 10 gm from Friday, when India's bullion market was last open. The market was closed on Monday due to Eid.

systemic liquidity to enable smoother transmission of policy rate decisions. This was conveyed by the executives to Reserve Bank of India (RBI) officials at a pre-policy review consultation meeting Monday in Mumbai, sources told ET. «During the meeting, the consensus was that RBI should provide more durable liquidity in the system and that the interest rates should come down,» a person aware of the development said.

Third-party logistics services provider Om Freight Forwarders Ltd has filed draft papers with capital market regulator Sebi to raise funds through an initial public offering (IPO). The IPO involves a fresh issuance of shares worth Rs 25 crore with an offer for sale of up to 72.50 lakh equity shares by the promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Monday. Proceeds from its fresh issuance to the extent of Rs 16.64 crore will be used funding of the capital expenditure requirements of the company related to the acquisition of commercial vehicles and heavy equipment, and a portion will be utilised for general corporate purposes.

Subscribe to enjoy similar stories. Mumbai: In 1983, a teenaged Salman Khan boarded a yacht off the Andaman Islands with a group of young, happening folks and a red icebox filled with chilled glass bottles of Campa Cola. They pitch tents on a pristine beach, chanting ‘Campa Cola’ to an electric guitar.

LPG prices are revised regularly, influenced by fluctuations in global crude oil rates and other economic factors. While commercial LPG rates have seen frequent adjustments, domestic LPG prices—used for household cooking—remain unchanged in this revision, providing stability for residential consumers.

Mumbai will witness an average 3.39% hike, while the average hike across the state is 3.89%. Municipal corporation areas across the state, except Mumbai, will witness an average increase of 5.95%, while municipal councils and nagar panchayats will see a 4.97% hike. Urban areas will see a 3.29% rise, and rural regions will witness an average increase of 3.36%, the state government said in a statement.

electric buses under the PM E-Drive scheme to cover more cities without increasing the budget allocation. The Centre currently offers a subsidy of ₹20-35 lakh per e-bus, depending on the carrying capacity and specification of the vehicle. According to officials aware of the development, Surat, Pune, Hyderabad and Bengaluru have together raised a demand for more than 15,000 units. This is well above the scheme target to subsidise 14,028 e-buses with a funding support of ₹4,391 crore. «The newly formed Delhi government is expected to raise a significant demand for e-buses. Orders from Ahmedabad, Mumbai, Chennai and Kolkata are awaited as well,» a senior official told ET, while adding that the government may lower the per e-bus subsidy for catering to more cities.

Subscribe to enjoy similar stories. When actor Kareena Kapoor Khan took the stage on 30 March in Mumbai to close the five-day Lakme Fashion Week, in collaboration with the Fashion Design Council of India and Reliance, she made it point to pay tribute to everyone behind the scenes. "The real icons are fashion stylists, make-up artists, hair stylists, choreographers and the 60 smashingly hot fashion models who are backstage...

Subscribe to enjoy similar stories. Mumbai: Indian markets could open up to 1% lower on Tuesday after the Eid holiday, suggests weekly options data, as bears are likely to return ahead of US President Donald Trump’s 2 April deadline for reciprocal tariffs. Trump's comments on the weekend dragged South Korea's Kospi and Japan's Nikkei down by 3-4% on Monday, while Germany's Dax and France's CAC traded 1% lower at the time of writing.

Kunal Kamra on Monday failed to appear before Khar police in connection with the case registered for his «traitor» jibe at Maharashtra Deputy Chief Minister Eknath Shinde, while a team went to his Mahim «home» to «check» his availability. The comedian later took a jibe at the police saying the visit was a waste of time and public resources as he had not been living there for the past 10 years.

Monalisa, was taken into custody in Ghaziabad on March 30, 2024. He was later brought to Nabi Karim Police Station in Delhi for further legal proceedings.

Mumbai: DGS Land Developers India Pvt Ltd has acquired approximately 10,000 square metres of prime land in Lokhandwala, Andheri West, to develop one of the largest high-rise projects in Mumbai’s western suburbs. The project, with a potential height of up to 43 floors and a total built-up area exceeding 500,000 square feet, will feature luxury residences and premium retail spaces.

Deepak Fertilisers And Petrochemicals Corporation Ltd on Monday said its subsidiary has received a demand notice of Rs 226.32 crore from the Income Tax Department for assessment years 2017-18 and 2018-19. In a regulatory filing, the company informed that the order imposing penalty has been passed against its wholly owned subsidiary Mahadhan AgriTech Ltd. The demand notice dated March 30, 2025, has been issued by Assistant Commissioner of Income Tax- Central Circle, Mumbai. The total penalty demands under various sections of the Income Tax Act 1961 amount to Rs 226.32 crore for assessment years 2017-18 and 2018-19, it added.

Subscribe to enjoy similar stories. We’re just stepping into April but several parts of India are already suffering heat waves and abnormally high temperatures. As a result, hydration has become a hot topic earlier than usual.

Subscribe to enjoy similar stories. Mumbai/New Delhi: Delhi-based 37-year-old insurance sector executive Prateek Verma says the biggest change his wife has noticed in him over the past few months is that he has become “weirdly philosophical". Can this be attributed to the joys of matrimony? “No, it is the stock market," he quipped.

The market’s performance during the month has also helped the state exchequer fetch highest ever revenue through stamp duty collection. The country’s financial capital witnessed registration of over 15,400 property deals, up 9% from a year ago, showed data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. The stamp duty collection grew 41% on-year to Rs 1,584 crore, making it the best performance in the month of March ever.

international board schools for their children, with the nation hosting the second-largest number of international schools worldwide — not just in name with a tag, but in affiliation with global education boards, reported ToI. Apart from being in India's richer cities like Mumbai, Bengaluru, the schools are now reaching places like Hatkanagale in Sangli, Tholahunse in Davangere, and Sonaghati in Betul. «Every year, Cambridge is adding 100 schools, and 30 to 40 new schools of IB are coming up each year. The aspiration of the middle class is at an all-time high. The phenomenon is not limited to metro cities but tier 2 and 3 cities, where the major growth now is coming from,» Mahesh Srivastava, former regional director (South Asia), Cambridge Assessment International Education told ToI.

motor accident claims tribunal (MACT) has directed a travel company and an insurance company to pay Rs 29.4 lakh to a 50-year-old woman who sustained serious injuries in a bus accident in south Mumbai in 2018. The tribunal has permitted the insurer to recover its share from the bus owner, a TOI report stated.