City Mumbai Financial News

19.10 / 20:07

Citi CEO Experts show performer Gold Price Forecast (October 2023): Rs 2500 jump in 10 days! Should you buy before Diwali, Dhanteras?

Gold Price in India Trends and Prediction (October 2023): The retail price of pure 24-carat gold has jumped around Rs 2500 per 10 grams in the last 10 days. At the time of writing today, 24-carat Gold was selling at around Rs 60,490 per 10 grams in Mumbai as against Rs 57,980 on October 9, 2023.

19.10 / 20:07

UPS Citi Target FIVE Waters Strategy reports Global Hotspots for Ultra Luxury Real Estate: Where HNIs are investing

In the pulsating heart of India’s real estate market, a distinctive trend is reshaping the landscape – the surge in demand for sustainable luxury properties. This surge is not merely a market fluctuation; it’s a response to the conscientious desires of homebuyers, both domestic and international. In the wake of rising disposable incomes, an inclination towards opulent living, and the rapid urbanization of Indian cities, the Indian luxury real estate market is experiencing an unprecedented boom.

19.10 / 19:15

COST UPS Target economy pandemic Experts country Higher-for-longer interest era: The Indian outlook

MUMBAI : At the recently concluded International Monetary Fund (IMF)-World Bank meetings in Marrakesh, officials fretted over the new trend of interest rates remaining high for a long period. Mint looks at how it will impact the world at large and India in particular. Central banks across the world have raised interest rates over the last 18 months or more to battle runaway inflation.

19.10 / 17:19

COST Provident Digital Platform innovations reports acquires Tata Motors acquires 27% in digital platform Freight Tiger

Mumbai: In an effort to improve cost efficiency, Tata group’s automobile arm Tata Motors Ltd, on Thursday, announced its plan to acquire a 26.79% stake in Freight Tiger, a digital platform under Freight Commerce Solutions Pvt. Ltd, which is engaged in offering logistics solutions for cargo movement.

19.10 / 17:19

UPS Progressive CEO WhatsApp track reports PE firm Faering Capital invests $30 mn in Vastu Housing Finance

Mumbai: Private equity firm Faering Capital has acquired a $30 million stake from Multiples Alternate Asset Management and others in Vastu Housing Finance Corp., the two firms said on Thursday. The transaction is a secondary sale by funds managed by Multiples Alternate Asset Management and other shareholders of the company, the company said. “Housing finance and specifically affordable housing are multidecadal opportunities in India.

19.10 / 13:09

economy Highways President social hospital reports travelers High on hotels: A gold rush starts as businesses find 'room' for growth

Mankind Pharma entered the sector with the Courtyard by Marriott Aravali Resort, and added The Westin Rishikesh Resort & Spa earlier this year. Kaushalya Logistics is venturing into hospitality by building a 200-room Holiday Inn hotel on Delhi-Mumbai highway in Udaipur.

19.10 / 12:41

Target FIVE Assurant WhatsApp reports NOT Madhya Pradesh polls: Akhilesh Yadav targets Congress after snub, says 'I would not have trusted..'

Akhilesh Yadav even said on Thursday that Congress has cheated him. "We were assured that six seats will be given to us.

19.10 / 09:53

CEO Platform WhatsApp reports WestBridge-backed PropShare Capital launches second real-estate fund

₹500 crore with a green-shoe option of ₹200 crore and will invest it across completed Class A rent-generating commercial properties leased to multinational and blue-chip tenants in India’s tech hubs. For its previous fund PREF I, launched in March 2021, PropShare Capital aimed to raise ₹700 crore but could only put together ₹75 crore. Through the maiden vehicle it invested in four commercial properties in Bangalore and Mumbai, which have been leased out to companies such as LG, Tata Finance and 24/7 AI.

19.10 / 09:39

COST UPS Provident CEO performer exclusive 500 PropShare Capital launches second fund PREF II; plans to raise Rs 500 crore

PREF II will also focus exclusively on completed class-A income-generating commercial real estate leased to multinational and blue-chip tenants in the tech hubs of India. The proposed fund will also have a Rs.

19.10 / 06:11

show country reports Exports of 48 commodities grow despite global slowdown: Report

exports which are showing resilience. During January to July 2023, 48 commodities saw significant increase in exports, as per an analysis by MVIRDC WTC Mumbai.

19.10 / 06:11

UPS Action Racing Mobile Discover Inside Bank of Baroda suspends employees for jacking up number of app users

(This story originally appeared in on Oct 19, 2023)

19.10 / 05:23

WhatsApp Highways Mumbai Mumbai: Taxi, auto and cab unions announce strike today; All you need to know

Mumbai on Cyclone Tej alert! IMD warns of cyclonic storm in Arabian Sea. When is it expected to hit? Additional protests may occur in the future if the demands remain unmet. Passengers are advised to seek alternative routes to circumvent affected areas.

19.10 / 02:49

Citi WhatsApp Mercury track Mumbai Mumbai on Cyclone Tej alert! IMD warns of cyclonic storm in Arabian Sea. When is it expected to hit?

weather changes in Maharashtra city due to a possible cyclonic storm that is expected to develop in the Arabian Sea. The IMD’s weather update on Monday outlined that a low-pressure area is likely to develop over the southeast and adjoining east-central Arabian Sea in the next 48 hours. October to December is among the favorable periods for the development of cyclones in the Bay of Bengal and the Arabian Sea due to warmer ocean temperatures.

19.10 / 02:49

Platform Remark WhatsApp ‘Should condemn terrorism’: Sharad Pawar's statement on Hamas-Israel war draws backlash from BJP

'I think Sharad Pawar will send daughter Supriya to Gaza': Assam CM Sarma's jibe on NCP leader's remark Reacting to Pawar's remark, Maharashtra Deputy Chief Minister Devendra Fadnavis stated that the veteran political leader should strongly condemn terrorism and shun vote-bank politics while talking about the Israel-Palestine issue. “My request to Sharad Pawar ji is not to think about vote-bank politics, but strongly condemn terrorism. “India has never changed its position on the Israel-Palestine dispute.

18.10 / 19:39

UPS Enterprise Pfizer Southern Healthcare reports acquires Brigade acquires Hyderabad land parcel for Rs 660 crore

Brigade Enterprises has concluded the acquisition of a 9.72-acre land parcel in Hyderabad, with the transaction valued at about '660 crore. The acquisition came in the backdrop of an agreement made in August, when the company agreed to purchase the land in Neopolis area at a rate of '68 crore per acre through an e-auction conducted by the Hyderabad Metropolitan Development Authority.

18.10 / 18:47

UPS Citi IPO Provident Platform Enterprise Astrotalk taps PE funds to raise $40 million in pre-IPO round

Mumbai: Investors in the Indian stock market will soon have the opportunity to invest in a novel business enterprise, adding to the diversity of companies available in the market. Astrotalk, the online astrology consultation services provider, is currently in talks with growth and mid-size PE funds and family offices to raise up to $40 million (around ₹333 crore) as part of its pre-IPO funding round, valuing the company at $220 million, people familiar with the company’s plans said. The firm, backed by Kunal Shah’s Qed Innovation Labs, aims to go public in FY25, said Astrotalk CEO Puneet Gupta.

18.10 / 18:47

Provident Progressive CEO Platform Strategy country innovations ‘India the engine room for global solutions’

MUMBAI : In an interview with Mint, Dentsu’s Asia Pacific chief executive officer Rob Gilby, and South Asia CEO Harsha Razdan, shared their vision for the Indian market. This comes in the wake of significant changes, including the departure of nearly 20 top executives within two years. Razdan elaborated on fostering a cultural shift within the organization, and simplifying its hierarchical structure, while Gilby emphasized India’s potential as a global powerhouse.

18.10 / 18:47

COST UPS pandemic stage country reports Byju’s plans cash sops for sales staff

MUMBAI : After extended legal battles and massive layoffs, Byju’s, the largest edtech startup in India, is in initial stages of planning a rewards programme for 7,000-10,000 members of its sales team. One of the options on the table is a short-term cash incentive, said a senior company executive. But its challenging financial situation has also prompted the firm to assess if its balance sheet can take the hit of this programme, he added.

18.10 / 17:43

show hospital 2020 Maharashtra drug dealer's arrest from Chennai takes political colour

Lalit Patil, the main accused in a multi-crore drug racket who escaped from judicial custody on October 2 while taking treatment in a Pune hospital. Patil's escape had led to the Maharashtra government facing allegations that its ministers from the Shiv Sena were involved in protecting Patil and that the state was turning into another Punjab. Patil was arrested by the Mumbai police from Chennai on Tuesday night and was brought to Mumbai.

18.10 / 16:29

Cooper prevention Ukraine removes Shree Ramkrishna Exports from war sponsors list

Shree Ramkrishna Exports (SRK), one the world’s largest diamond producers, from its list of international sponsors of war. Kyiv had accused the Mumbai-based company last month of «continuing to cooperate with the aggressor, purchasing diamonds in Russia,» despite Western sanctions over Russia’s invasion of Ukraine. SRK responded by insisting that it had not purchased rough diamonds from Russia since January and does not plan to do so in the future.

18.10 / 15:03

COST UPS Chase reports guidance LTIMindtree Q2 results: Net profit down 2%, maintains margin guidance for FY24

LTIMindtree reported a 2% on-year dip in net profit for the second quarter amidst a “challenging business environment” that was marked by wage hikes and muted growth. The company however retained its margin guidance led by strong in flow of cost optimization deals and cost optimisation program. Net profit for the three months ended September was Rs 1162.3 crore, compared with an estimated Rs 1,189 crore a year ago.

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