City Mumbai Financial News

Indian Railways is set to operate nearly 300 special trains, making a total of 4,480 trips, in order to cater to the increased demand during the festive season, including Durga Puja, Diwali, and Chhath. The announcement of 283 special trains was made by Union Railway Minister Ashwini Vaishnaw. According to the details shared by the minister, South Central Railway will run 58 trains, making a total of 404 trips.

Backed by strong residential sales and collections from customers, property developers are not utilising credit lines sanctioned by their lenders including banks, housing finance companies and non banking finance companies (NBFCs) for construction finance .

BITS School of Management, Mumbai (BITSoM) has appointed Saravanan Kesavan as its new Dean. Earlier he contributed as an Associate Dean of the UNC Kenan-Flagler Business School for 16 years at the University of North Carolina (UNC) at Chapel Hill, according to an official announcement.

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!

Vedanta Ltd. may lose its third chief financial officer in as many years just as the mining conglomerate controlled by billionaire Anil Agarwal heads into an ambitious restructuring of its businesses, according to people familiar with the matter. Sonal Shrivastava, who joined the company in June, informed Agarwal about her decision to leave last month, the people said, asking not to be named as the information is not public. Agarwal is talking with finance professionals who had earlier stints in the group to replace her, and a decision is expected as early as this week, they said. Shrivastava’s departure will add to Agarwal’s woes as his holding company, Vedanta Resources Ltd., faces about $3 billion of bond repayments in the next two years.

air quality in Mumbai on Monday morning was recorded in the 'moderate' category with an air quality index of 127, according to the system of Air Quality and Weather Forecasting And Research, Safar-India. The air quality in Mumbai on Tuesday last week was recorded in the 'moderate' category with an air quality index of 115.

warehousing demand across the top five cities was recorded at 17 mn sq ft of gross leasing in the first three quarters of 2023. Despite a relatively slower growth during H1 2023, leasing activity picked up in Q3 2023, registering a 55% QoQ growth.

Kotak Mahindra Bank: After the resignation of Uday Kotak as CEO and MD of Kotak Mahindra Bank, international banker Ashok Vaswani, on Saturday, was announced as the next CEO. Unlike experts' prediction of the appointment of an insider in the top leadership role, Kotak Mahindra Bank chose to bring the “Global Indian" back home as its next CEO. Ashok Vaswani holds immense experience in a wide range of fields from AI to banking.

Indian Railways has started monitoring the demand for Vande Bharat trains on the basis of gender and age of passengers. The data include the number of males, females, and transgenders traveling on the four Vande Bharat routes — three from Mumbai to Shirdi, Goa, and Solapur. For the first time, the Central Railway collated data that revealed the highest number of passengers traveling in Vande Bharat Express starting from Mumbai belonging to the age group of 31-45 years, followed by 15-30 years of age.

Catch all LIVE Updates on AQI levels in Delhi, Mumbai and other cities. BMC's methods to curb air pollution in Mumbai includes: -Installation of sprinkler system within 15 days in construction sites, and anti-smog machines within 30 days; Compulsory 35 ft iron sheet enclosures on all construction sites made mandatory; Construction sites to install independent air quality measuring devices and monitor them.

Brihanmumbai Municipal Corporation (BMC) has released a number of measures to curb the worsening air pollution. The AQI in Mumbai on 23 October morning remained at 173, also categorised an ‘unhealthy’.

lending industry is betting big on a quick rebound in business, as consumers prepare to loosen their purse strings and merchants stock up to meet the additional demand. While the December quarter historically sees consumer-facing businesses making the most of it, this year the fintech lending industry is on a much stronger footing to meet the heightened credit demand. ET wrote on August 4 how fintech lenders reported stronger and profitable balance sheets for the last fiscal year.

₹250 crore from Chhatrapati Sambhajinagar from Maharashtra and arrested two persons, PTI reported Sunday. The recovery of the drugs – cocaine, mephedrone and ketamine – was made on Friday based on inputs from DRI’s Ahmedabad zonal unit and the crime branch there, PTI quoted Deputy Commissioner of Police (Crime), Ahmedabad, Chaitanya Mandlik.

MUMBAI : The Bengaluru twins Infosys Ltd and Wipro Ltd, which together hired 208,000 engineering graduates in the past three years, have said they don’t plan to go to the campuses this year. This implies that Tata Consultancy Services (TCS) Ltd and HCL Technologies Ltd, which hired 55% of the half a million engineering graduates between 1 April 2020 and 31 March 2023, will be the only ones among the top four IT companies to hire from colleges this year. According to two analysts, this split in campus hiring strategies among the country’s Big Four IT services firms—a first in more than two decades—could serve as a pointer to investors looking to separate the leaders from the laggards.

MUMBAI : Analysts expect the shares of Kotak Mahindra Bank Ltd to open higher on Monday, potentially outperforming benchmark indices, driven by the banking regulator’s approval of the managing director and chief executive candidate and quarterly earnings that met analysts’ expectations. Friday’s delivery-to-traded volume at 72.13% was the highest since 14 July (83.59%).

These devices, which once helped millions get connected to fast internet when WiFi penetration was low and data prices too steep, are now missing from retail shelves, edged out by the ubiquitous 4G smartphones with their WiFi hotspots and publicly available free WiFi in community areas. A multitude of factors have led to 4G dongles seeing the end of the line, right from data prices crashing to the proliferation of high data usage during the pandemic through home broadband connections, said industry executives and market trackers. «There are now no new dongles coming into the market.

Mumbai has directed real estate developers and contractors of infrastructure-related works to follow pollution control measures in the backdrop of a deterioration in air quality in the country’s commercial capital over the last few days. Construction, including private and infrastructure work led by the government, is currently underway at 6,000 locations and sites in Mumbai. While the Municipal Corporation of Greater Mumbai (MCGM) will issue detailed guidelines in the next few days, municipal commissioner and administrator Iqbal Singh Chahal has stated that projects being undertaken by both private as well as government bodies will be stopped if these measures are not followed. Following directions from the Prime Minister’s Office (PMO) that expressed concern over air quality index of Mumbai, Chahal interacted with state government agencies including MMRDA, MMRCL, MHADA and SRA, real estate developers’ bodies Credai and Naredco, and architects’ body PEATA on Friday. “Hardly 10 to 15 days have passed since the end of the monsoon…it is being observed that the air quality is adversely affected in the Mumbai region and also in the Mumbai metropolis,” Chahal said. The central and state governments have taken note of it and have instructed the local body to implement immediate measures, he added. “Dust is a major factor behind the increase in air pollution,” Chahal said, adding that there is a need to take measures to prevent and control dust and other factors that cause pollution. All the government agencies in Mumbai need to coordinate with each other and take urgent and mandatory measures, he said. Apart from construction, Chahal has also instructed that efforts should be made by projects related to electricity,

Air India Express will focus on routes which have a higher component of price-sensitive customers and leisure travellers, airline's Managing Director Aloke Singh has said. Singh also said that Air India Express is not looking at spreading its capacity all over the country in the beginning and instead will first consolidate its presence on the existing routes.

IndiGo and SpiceJet – are listed on the bourses. The plans of GoAir to launch an IPO were cancelled, and the airline has been facing financial issues that have affected its operations since May this year. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Akasa, launched in mid-2022, currently operates over 750 flights per week across 16 routes.

suburban train in Mumbai got separated on Sunday morning and no passenger was hurt in the incident, a Western Railway official said. A Borivali-bound slow train departed from Churchgate station and uncoupled at Marine Lines around 11.02 am, the Western Railway's chief public relations officer Sumit Thakur said.

₹5 lakh for not following environmental safety rules during construction in New Delhi, PTI reported. In a statement on Saturday, Godrej Properties said that its subsidiary, Godrej Vestamark LLP, was served this penalty on October 16 under the Delhi Municipal Corporation Act 1957.