City Mumbai Financial News

anchor investors, ahead of its initial public offering (IPO). The company has allotted 72.85 lakh equity shares to 22 funds at Rs 346 apiece, which is also the upper end of the price band, according to a circular uploaded on BSE's website late night on Monday. Government Pension Fund Global, BNP Paribas Arbitrage, Societe Generale, Integrated Core Strategies (Asia) Pte Ltd, Aditya Birla Sun Life Insurance Company, ICICI Prudential Mutual Fund (MF), HDFC MF, Nippon India MF, Edelweiss MF and Bandhan MF are among the anchor investors.

₹13,537 crore) in India, Mirae towers over other foreign asset managers in the nation. The firm's Indian arm has amassed a client base nearing six million, and the profits are soaring, touching up to 40 billion won ( ₹247 crore) annually.

World Cup match scheduled to take place at Arun Jaitley Stadium on 25 October. The Australia vs Netherlands World Cup match will start from 2 pm to 10:30 pm on Wednesday. According to the Delhi Traffic Police's latest advisory, "There will be a diversion of traffic for half an hour after the conclusion of the match".

world Cup 2023 match between South Africa and Bangladesh. More than 15,000 Mumbai police personnel will be on duty at venues of Dussehra rallies of rival Shiv Sena groups, World Cup match and for overseeing immersion of Goddess Durga, an official said as reported by news agency PTI. As many as 12,449 lower-rank personnel, 2,496 officers, 45 Assistant Commissioners of Police, 16 Deputy Commissioners and half a dozen Additional Commissioners of the city force are being deployed across the financial capital, he said.

Ravan Dahan on Dussehra. Take a look at state-wise Ravan Dahan tradition in India, 1) Delhi: One of the best spots to witness the Dussehra celebrations is on the grounds of the Red Fort in Delhi. The Ravan Dahan is a component of this magnificent festival.

World Cup 2023. In all the victories, they batted first and put up massive scores, twice beyond 300 (one 399) and once beyond 400. The biggest upset happened when they faced the Netherlands.

South Africa: Quinton de Kock, Rassie van der Dussen, Aiden Markram, David Miller, Heinrich Klaasen Bangladesh: Litton Das, Najmul Hossain Shanto, Shakib Al Hasan, Mehidy Hasan Miraz South Africa (SA): Quinton de Kock (WK), Temba Bavuma (C), Rassie van der Dussen, Aiden Markram, Heinrich Klaasen, David Miller, Marco Jansen, Kagiso Rabada, Keshav Maharaj, Lungi Ngidi, Gerald Coetzee Bangladesh (BAN): Litton Das, Tanzid Hasan, Najmul Hossain Shanto , Mehidy Hasan Miraz, Shakib al Hasan (C), Mushfiqur Rahim (WK), Mahmudullah, Nasum Ahmed, Hasan Mahmud, Mustafizur Rahman, Shoriful Islam Mumbai's Wankhede Stadium pitch has been known to be a batting-friendly track. The team winning the toss should bat first.

Catch all LIVE Updates on AQI levels in Delhi, Mumbai and other cities. Graded Response Action Plan (GRAP) is a set of guidelines and measures implemented to combat air pollution in the National Capital Region (NCR) of India, which includes Delhi and its surrounding areas. When the Air Quality Index of Delhi NCR ranges from 201 to 300, it will be termed 'poor' and classified under Stage 1 restrictions. AQI levels between 301-400 is called 'very poor' and falls under Stage 2.

JSW Steel as the company's financial ratios remain healthy and it invests in expansion, joint managing director Jayant Acharya said. The Mumbai-based steelmaker has a consolidated net debt of ₹69,195 crore as of September 30, growing more than 5% year-on-year and almost 4% sequentially. «I don't think debt is a concern at all,» Acharya told ET in an interview. «Our cash position and undrawn lines are also quite healthy.» JSW Steel's net debt to Ebitda ratio stood at 2.52 at the end of the September quarter. While the latest numbers for peers are not released yet, as of March 31, Tata Steel and Jindal Steel and Power (JSP) had net debt to Earnings Before Interest, Taxes, Depreciation, and Amortization (Ebitda) ratios of 2 and 0.7 compared to JSW Steel's 3.6. Acharya said the company's debt ratios were in a comfortable position. «We do not see any pressure because of the debt on our brownfield expansions or any kind of acquisition which makes structural or economic sense to us,» he said. The stock of JSW Steel closed 2.9% lower on Monday at ₹747.9 on the BSE.

MUMBAI : India’s gold trade is staring at a potential loss of ₹6,000 crore this festival season as authorities clamp down on transport of the precious metal in poll-bound states, an industry official said. Law enforcement agencies have seized gold consignments in Madhya Pradesh, Telangana, Rajasthan and Chhattisgarh, major consuming centres of gold where the model code of conduct is in place.

MUMBAI : Indian stocks plunged on concerns over the impact of rising US bond yields, the widening Israel-Hamas conflict, and the pressure on profitability posed by potentially higher crude oil prices. The decline was fuelled by widespread selling by retail and affluent investors across small- and mid-cap stocks, which had previously outperformed their large-cap counterparts. The Nifty and Sensex fell by more than a percent each, breaching key supports, while the Nifty Midcap 150 and the Nifty Smallcap 250 indices slumped 2.7% and 3.79% each.

Also Read: Probe into Mumbai airport to focus on GVK’s alleged lapses The massive deployment of police officials will ensure proper managements of a range of events coinciding with each other. Police personnel will be deployed at the venues of Dussehra rallies of Shiv Sena groups as well. The ruling Shiv Sena and its rival group led by former Maharashtra chief minister Uddhav Thackeray will organise rallies on Dussehra at Azad Maida, South Mumbai and Shivaji Park, Central Mumbai.

MUMBAI : More than half a dozen companies aim to raise as much as ₹6,000 crore via initial public offerings (IPOs) in the run-up to Diwali and the weeks following the festival, leveraging the current market liquidity and investor enthusiasm. Mamaearth, Cello World, Flair Writing Industries, ESAF Small Finance Bank, Blue Jet Healthcare, Protean eGov Technologies and ASK Automotive are all gearing up for public listings ahead of the Diwali, which starts on 10 November, three people with aware of the firms’ plans said. Blue Jet Healthcare’s IPO will open for subscription on 25 October, followed by Honasa Consumer Pvt.

Siemens Ltd has filed a writ petition before the Bombay high court challenging show cause notice (SCN) issued by the GST authority, the company said in a regulatory filing on Monday. The German engineering and technology conglomerate’s Indian arm has challenged the receipt of the show cause notice proposing to levy GST on leasehold interest in the land located at Worli, Mumbai and freehold interest in the buildings on the property.

₹15.5 crore against the profit of ₹11.9 crore achieved in the same period in FY 2022-23. Though the revenue was up 2.9 percent at ₹1,364.8 crore in Q2FY24 in comparison to ₹1,326.3 crore in the same period in FY 2022-23, the firm said in a stock regulatory filing.

₹1,037 crore for FY23, a 100% growth from ₹517 crore clocked in the previous year. Profit stood at ₹95.5 crore in FY23 compared with ₹65 crore a year ago, the company said in a statement. The Mumbai-based fintech startup, founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, claims to have a customer base of over 10 million with about 4 million customers onboarded over the last 12 months.

Atul Save is planning to soon convene a meeting with key stakeholders from the state’s Finance Ministry, Urban Development (UD), and Revenue Departments to review these charges. Realty developers have been urging the state government to consider a 50% reduction in these premiums to make the city more affordable for homebuyers and businesses. Representatives of realtors’ body CREDAI-MCHI had recently met the state’s Revenue Minister Radhakrishna Vikhe Patil to highlight the issues leading to Mumbai's waning allure as the country's financial capital, primarily due to its exorbitant real estate prices. “I will soon convene a meeting with developers along with UD, FM, and Revenue department to understand their concerns and consider reducing the premiums and permission fees.

₹1,037 crore for FY23, a 100% growth from ₹517 crore clocked in the previous year. Profit stood at ₹95.5 crore in FY23 compared with ₹65 crore a year ago, the company said in a statement. The Mumbai-based fintech startup, founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, claims to have a customer base of over 10 million with about 4 million customers onboarded over the last 12 months.

Cello World Ltd is set to launch its Rs 1,900-crore initial share sale for public subscription on October 30. The maiden public issue will conclude on November 1 and the anchor book of the offer will be opened for a day on October 27, according to the red herring prospectus. The issue is a complete offer for sale (OFS) by promoters and other selling shareholders with no fresh issue of equity share component.

Saibaba Nagar locality, specifically within the nine-story Veena Santoor Society at Mumbai. The blaze was initially observed on the first floor of the building, where it appeared to have ignited within the electrical wiring and installations. In response to the emergency, two fire-tenders were promptly dispatched to the scene. As the firemen grappled with the inferno, thick plumes of black smoke billowed from the building, causing alarm and anxiety in the nearby areas.

fire broke out on the first floor of a nine-storey building in the Kandivali area of Maharashtra's capital city Mumbai, where 2 people lost their lives and 3 persons are injured, reported news agency ANI on 23 October. Mumbai Fire Services rushed fire tenders to the Pavan Dham Veena Santur building after receiving information of the blaze at 12:27 pm today, an official said.