City Mumbai Financial News

Mumbai (Maharashtra) [India], October 18: In an exciting development for travel enthusiasts, leading travel platform Musafir.com has entered into a strategic partnership with Vistara, India’s finest full-service carrier, to offer global visa services to its customers. With this partnership, Musafir.com has integrated its comprehensive visa services into Vistara's official website to offer a convenient one-stop solution for all visa needs, thereby significantly streamlining the often complex and time-consuming process. Customers applying for their visas will also benefit by earning 5 CV points for every INR100 spent.

gold loan from IIFL Finance is now more about convenience than mere lending funds to needy customers. What makes IIFL a leading choice among people seeking funds against their gold as mortgage is their strict ‘no hidden charge’ policy and the maximum loan value they provide against gold. Whether it's the processing fee (starting from INR 0), the interest rate (starting from 0.99% onwards), or the lightning-fast loan approval procedure, IIFL has secured to gain people’s trust in every way possible.

Biden pins ‘other team’ for Gaza hospital blast, Netanyahu says ‘deeply moving' Earlier on Monday, Pawar had told gathering of NCP workers in Mumbai that previous Prime Ministers – including Jawaharlal Nehru, Indira Gandhi, Rajiv Gandhi and Atal Bihari Vajpayee – had long stood with the people of Palestine. “The entire land is of Palestine and Israel encroached on their land...Israel is an outsider and the land is originally of Palestine.

Jet Airways founder Naresh Goyal, an accused in an alleged fraud of Rs 538 crore at the Canara Bank, to have home-cooked food inside prison. Goyal's plea for home-cooked food was allowed by special judge for cases under the Prevention of Money Laundering Act (PMLA) M G Deshpande on Tuesday.

Raj Kundra, recently admitted that facing a very public trial for filming porn did a number on his mental health. Kundra, who is married to Bollywood diva Shilpa Shetty, recently made his silver-screen debut with the biographical film ‘UT 69’. During the trailer launch of the movie, the entrepreneur broke down in tears and requested the media not to target his family.

NeoLiv, residential investment and development platform, founded by Mohit Malhotra, former MD and CEO of Godrej Properties plans to launch at least 10 projects with the revenue potential of Rs 12,000 crore on the next 3-4 years. NeoLiv has already secured the permission from the Securities & Exchange Board of India (SEBI) for a category II Alternate Investment Fund (AIF) with a plan to raise $ 150 million including a green-shoe option of $60 million. It plans to develop 10 residential projects in Delhi and Mumbai using the first round of fund. “We have identified 13 projects in Delhi-NCR and Mumbai and due diligence is on. We should be able to announce our first project in 2-3 months,” Malhotra told ET. Wealth and alternates-focused asset firm 360 ONE, erstwhile II FL Wealth & Asset Management, has entered into a strategic partnership with strategic partnership with NeoLiv by making a minority entity-level equity investment. “In the real estate sector, financial institutions and developer are two separate institutions but we have brought it together.

Toyam Sports jumped 5% upper circuit to hit the day's high of Rs 6.61 on the BSE in Wednesday's trade following the announcement of its sports web series, ‘Kumite 1 Warrior Hunt’ making an official entry to the Kenya International Sports Film Festival (KISFF). The web series is slated for screening at the premier African film festival on October 29, 2023, in Nairobi, Kenya, the company informed in its filing to the exchanges. The above development was announced by Toyam Sport on Tuesday minutes before the market closing time and it triggered a strong movement as the counter hit the upper circuit of Rs 6.30.

HSBC Holdings Plc has nearly doubled the size of a loan arrangement to part of Indian billionaire Mukesh Ambani’s business empire, bolstering its bet on Asia’s richest person. The London-based bank originally provided a £60 million ($73 million) loan facility to a subsidiary of Reliance Industries Ltd. shortly after it acquired the Stoke Park estate in southeast England for £57 million in 2021, according to UK registry filings.

₹94.33 KolkataPETROL (Rs/L) - 106.03DIESEL (Rs/L) - ₹92.76 Mumbai CityPETROL (Rs/L) - 106.31DIESEL (Rs/L) - ₹94.27 New DelhiPETROL (Rs/L) - 96.72DIESEL (Rs/L) - ₹89.62 Download the App to get 14 days of unlimited access to Mint Premium absolutely free!

Tata Elxsi, the design and digital technology division of the Tata Group, recently disclosed a net profit of ₹200 crore in the quarter ending September 2023, according to a regulatory filing submitted on October 17.This net profit marks a 14.8% annual growth, given that it was ₹174.3 crore in the corresponding period last year. Moreover, the company's net profit witnessed a sequential increase of 5.9% from ₹188.9 crore, which was reported in the June 2023 quarter.

Tech giant Google Inc has picked up office space spread over an entire floor in Blackstone Group-owned Nucleus Office Parks' commercial tower Fintech One at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar to set up its global fintech centre. The company's Indian arm, Google India, has picked up office space from Nucleus Office Parks through a long-term lease of 10 years, including an initial term of five years and an option to extend it for five additional years. In a virtual interaction on Monday, Prime Minister Narendra Modi welcomed Google's plans to open its global fintech operations centre at GIFT City. Sundar Pichai, CEO of Google and Alphabet, apprised Modi of Google's plans to work on strengthening financial inclusion in India by leveraging UPI. Pichai, through a social media post, thanked the Prime Minister Modi for a «terrific» meeting to discuss Google's ongoing commitment to India. ET's separate email queries to Google, Blackstone and Nucleus Office Parks remained unanswered until the time of going to press. Fintech One is a 20-storey commercial office tower with a typical floor plate spanning over 22,000 sq ft.

MUMBAI : Jio Financial Services Ltd on Monday unveiled its long-term strategy to position itself as a full-fledged financial services company by diversifying into secured loan products, including home and auto loans. In its half yearly results presentation to analysts, the firm said it has launched personal loans for the salaried and self-employed in Mumbai, besides consumer durable loans across 300 stores in India. The services are available on the MyJio app, it added.

Mumbai: Lightbox India Advisors Pvt. Ltd expects 10 out of its 14 portfolio companies in India to turn profitable over the next year, a top executive at the venture capital firm said. The company, which entered India in 2014 by acquiring six portfolio firms of venture firms Kleiner Perkins Caufield & Byers (KPCB) and Ram Shriram-led Sherpalo Ventures, has raised $450 million across three funds over the last decade and has backed the likes of Dunzo and Rebel Foods.

MUMBAI : The Reserve Bank of India (RBI) has not been maintaining daily and monthly transaction records for its e-rupee digital currency pilots, the central bank said in response to Mint’s Right to Information (RTI) application. However, a senior regulatory official had recently pegged daily retail usage volumes at 15,000. Mint had sought daily and monthly data on the number of retail and wholesale transactions for the central bank digital currency (CBDC).

₹4,993 crore. The issue is related to two tax dispute cases pertaining to amounts of ₹1,838.8 crore and ₹3,153.9 crore, respectively. Both the cases are related to assessment year 2013-14.

₹20.03 crore, compared to ₹30.24 crore in the year-ago period. The company's revenue from operations in the second quarter of current fiscal stood at ₹483.79 crore, registering a rise 2.23 per cent, compared to ₹473.22 crore in the year-ago period. Hathway Cable's revenue from the broadband business came in at ₹156.46 crore, while it earned ₹327.33 crore from the cable television business, according to a regulatory filing by the company to the stock exchanges.

As many as 4,438 passengers were fined in a single day at Kalyan railway station in the Mumbai division of Central Railway during a drive against ticketless and unauthorised travel, an official release said on Tuesday.

Jio Financial Services (JFS) plans to launch auto, home loans and other products, as the billionaire Mukesh Ambani-backed company seeks to establish itself as a full-service financial services firm in a rapidly growing market. Despite strong growth, penetration of financial investment products in India is low relative to the size of the economy. Ambani is looking to tap into this market after similar disruptive forays into the telecom and retail sectors. JFS has already launched personal loans for salaried and self-employed individuals in the financial capital of Mumbai and consumer durable loans across 300 stores in India, it said in a presentation to analysts late on Monday, offering a first glimpse into operational details that had largely been vague at the time of its listing in August. It will now also launch business and merchant loans for self-employed individuals, it said. The company's insurance broking arm has also partnered with 24 insurance companies, while its payments bank division, which relaunched savings account and bill payment services, plans to launch debit cards.

cricket is set to make a remarkable comeback to the Olympic Games after a hiatus of 128 years. The International Olympic Committee (IOC) confirmed on Monday that cricket, along with sports like baseball/softball, lacrosse, squash, and flag football, will be featured in the 2028 Los Angeles Olympics. During the IOC's 141st session, the iconic status of star Indian batter Virat Kohli was evident as his name was mentioned in connection with the decision to include cricket in the Olympics.

new world order. Inaugurating the three-day Global Maritime India Summit in the national capital on Tuesday, PM Modi said, «In this changing world order, the whole world is looking towards India with new aspirations. The Indian economy is gathering more strength while the world is in the grip of an economic crisis.

Reliance Industries (RIL), underscoring concerns around succession planning at India’s largest company by market value. “A vote against this resolution is warranted as Anant Ambani’s limited leadership/board experience of around six years, raises concerns on his potential contribution to the board," ISS said in an October 12 note, which it shared with Bloomberg.