City Mumbai Financial News

India and Pakistan — and elsewhere in the world — as the two South Asian arch-rivals play each other at the men’s Cricket World Cup on Saturday. The two teams will meet in front of a crowd of 130,000 at the Narendra Modi Stadium in Ahmedabad, the world’s largest cricket ground. The one-day international match could last as long as nine hours and is taking on extra significance as it will be the first time in seven years that Pakistan has played in India following years of deteriorating relations between the two cricket-mad countries.

MUMBAI: Anand Rathi Wealth has reported a 37% year-on-year jump in consolidated revenue at 189 crore for the quarter ended September 2023. The wealth firm’s net profit surged 34% year-on-year to about 58 crore during the period.

MUMBAI: Health insurer Niva Bupa on Thursday said a clutch of private equity funds have committed to invest 800 crore in the company. India Business Excellence Fund IV (MO Alternate Investment Advisors), Temasek and Paragon Partners Growth Fund II will be investing the money for a minority stake in company.

MUMBAI: India Post Payments Bank (IPPB) and Small Industries Development Bank (Sidbi) have tied up to accelerate formal financial services in rural India and among smaller companies. The agreement is to leverage India Post’s deep connect with rural India and Sidbi’s lending and credit risk assessment models that could help millions get formal credit.

Once a computer scientist, Dilip D’Souza now lives in Mumbai and writes for his dinners. His Twitter handle is @DeathEndsFun."Exciting news! Mint is now on WhatsApp Channels

MUMBAI, NEW DELHI : India’s top three IT companies have seen more than 25,000 net employee exits in the six months to September, driven by cost-saving measures, unfilled job openings, and hiring curbs. Companies and recruiters expect the labour market to remain weak for at least a couple of quarters, pending a rebound in deal flow and immediate needs that would require renewed recruitment. “Cost optimization is taking place either through vacancies that remain unfilled or some amount of natural attrition.

ALSO READ: India vs Pakistan World Cup match: Babar Azam's team gets grand welcome in Ahmedabad |Watch Here's one tweet chatting with locals in Ahmedabad: Prior to this, he was also spotted in Mumbai playing cricket bowling the ball. Here's the tweet. He also made a song with MC Stan.

The Reserve Bank of India had recently announced the withdrawal of Rs 2,000 notes from circulation. The public was asked to deposit the notes and the deadline was also extended. The extended deadline for exchanging or depositing Rs 2,000 notes was October 7, 2023. After the deadline, the central bank had stated that exchange of notes will not be allowed.

In a groundbreaking shift in the Indian real estate industry, the demand for luxury homes has outpaced that of affordable housing for the first time in India. This momentous development emerged during the July-September quarter, as revealed in a recent report by real estate consultancy Knight Frank.

₹96.72 - lowest among metro cities - and in Mumbai it is at ₹106.31 - highest among Indian metro cities.Meanwhile, diesel price in Delhi were unchanged at ₹89.62 on October 12 and in Mumbai at ₹94.27. Track fuel prices data for different cities on Mint here.Fuel prices in India are influenced by many factors, the biggest of them all being the price of Crude Oil in the international market.

₹5 crore to the temples' joint committee, the Badri-Kedar Temple Committee (BKTC). This came after Mukesh Ambani topped Forbes 100 India's Richest List 2023 and Hurun's Rich List on Wednesday.

MUMBAI : Tata Consultancy Services (TCS) Ltd kick-started the fiscal second-quarter earnings season for the technology services industry on a disappointing note, with both revenue and profit falling short of analysts’ expectations. Worryingly, TCS’s dollar revenue slip in the September quarter comes on the back of a 0.4% sequential growth in the preceding three months, implying that the country’s largest technology services company added $779 million in incremental revenue in what is a seasonally strong first six months of the fiscal year. This translates into a 5.7% dollar revenue growth in the April-September period for TCS.

NEW DELHI : The Gujarat administration has kept communication channels open with Tesla Inc. to support the US company’s plans in India, Gujarat chief minister Bhupendra Patel said in an email interview. The chief minister said the state has set the goal of raising its contribution to the nation’s economic output from a little over 8% now to 10% by 2026-27, by which time it hopes to become a $500 billion economy.

MUMBAI : Indian insolvent airline Go First has received an expression of interest from Jindal Power Ltd, two banking sources and two people aware of the development told Reuters. An expression of interest is the first step in the bidding process and may not result in a financial bid.

PFI), the National Investigation Agency (NIA) on Wednesday carried out extensive search operations at twenty different locations in six states in connection with a case linked to Bihar's Phulwari Sharif terror conspiracy case. The Bihar's Phulwari Sharif terror case is being probed by the agency for the last one year. These searches were carried out at premises in various regions, including Fazalpur, Shaheen Bagh, Okhla, and Chandni Chowk in Delhi; Bhopal district in Madhya Pradesh; Thane and Mumbai in Maharashtra; Tonk and Gangapur City districts in Rajasthan; and in the regions of Lucknow, Siddharth Nagar, Sant Ravidas Nagar, Kanpur, and Gorakhpur in Uttar Pradesh. Additionally, searches were conducted in Madurai, Tamil Nadu. These operations were part of an ongoing investigation into cases linked with the PFI, and their involvement in unlawful and anti-national activities. During the searches, a substantial cache of crucial evidence in the ongoing case was found, said the NIA, adding «This evidence includes various digital devices such as laptops, mobile phones, SIM cards, memory cards, pen drives, and hard discs.» «Furthermore, incriminating documents have been recovered during the operations,» the NIA also said. Additionally, the agency further said, a significant amount of Indian currency, with a face value of Rs 8.5 lakhs has been seized in connection with the instant case. The case was initially reregistered at Phulwari Sharif Police Station in Bihar's Patna district on July 12 last year.

Israel but he was not aware of any Indian national getting injured or killed in the ongoing fighting between Israeli forces and Hamas militants, Israel's Consul General in Mumbai Kobbi Shoshani has said. Airline operations from India to Israel have been stopped and the Ministry of External Affairs is working to bring back the Indians stranded in his country, he told PTI on Tuesday.

Vision Mercedes-Maybach 6 was recently showcased in Mumbai on October 11. This all-electric aero coupe is truly a sight to behold. Despite its impressive length of 5,700 mm, the Maybach 6 accommodates only four passengers, paying homage to the elegant aero style coupes of the past, such as the iconic 300SL. Taking inspiration from the SL, the Maybach 6 features massive gullwing doors. The front end, spanning 2,100 mm wide, boasts LED wing lights, an imposing chrome grille, and an upright Mercedes-Benz logo. Its stunning Maybach red paintwork completes the picture. The rear end of the Maybach 6 is equally distinctive, with its extended round 'boat-tail' design, reminiscent of a luxury yacht. Stepping inside, the Maybach 6 offers a truly unique experience. Mercedes refers to it as the «360-degree lounge» as the cabin is designed as a wraparound cockpit with a large glass area. The minimalist front dash extends into a center console adorned with illuminated elements. Surprisingly, there are no touchscreens in the Maybach 6. Instead, driver-related data and geographical location are displayed on the entire windscreen, and various functions can be operated through gestures rather than physical controls.

Werks – Iron Mountain data centres joint venture has acquired a four-acre land in Ambattur, Chennai, to house two new data centers (CHE-1 and CHE-2) to meet growing customer demand in the region. The two data centers will be built to Tier III standards. They will support 36 megawatts of IT load, further enhancing the company’s rapidly growing pan-India footprint, which will support more than 90 megawatts of new development across the key markets of Pune, Bengaluru, Noida, Mumbai and Hyderabad. “As Chennai is one of India’s most important connectivity hubs, we are thrilled to be building capacity to meet hyperscale, network, content, public sector undertakings and enterprise customer demand,” said Mark Kidd, EVP & Global General Manager, Iron Mountain Data Centers & Asset Lifecycle Management. Chennai is emerging as one of India's fastest-growing data center markets due to its strong interconnection with Singapore and the rest of Asia.

₹83.3 crore) in a mix of primary and secondary investment as part of its funding round from Tata Capital Healthcare Fund, the healthcare-focused arm of private equity firm Tata Capital Ltd. The Mumbai-based healthcare chain will use the fresh money to expand its dialysis services across the country. Notably, this is the second transaction in the nephrology space in the last month.

The Economic Times reported. As per the report, a few months back, a similarly sized apartment in the same location was sold for ₹60 crore.

MUMBAI : Insurtech startup InsuranceDekho on Tuesday said it has raised $60 million in a Series B funding round led by Japan’s Mitsubishi UFJ Financial Group (MUFG); insurer BNP Paribas Cardif through its insurtech fund managed by European investment major Eurazeo; Beams Fintech Fund; and Yogesh Mahansaria Family Office. A person aware of the transaction said the investment valued the company, the insurance unit of used-car platform CarDekho, at around $600 million. While a large part of the funding round is equity, a small portion has been raised via debt, the company said.