City Mumbai Financial News

MUMBAI: Many mutual fund holdings go unclaimed because investors either fail to document them properly or do not inform their family members. To address this, the Securities and Exchange Board of India (Sebi) has introduced a mechanism that integrates mutual fund statements with DigiLocker, enabling nominees to access investment details when needed.

QatarEnergy LNG for its North Field Production Sustainability Offshore Compression Project. The order is estimated at around $4 billion (about ₹34,000) crore), according to people familiar with the matter, It surpasses the ₹25,000 crore order won last year by the Railway Strategic Business Group of L&T Construction from an authorised Japanese agency to construct 508 route km of high-speed electrification system works for the Mumbai-Ahmedabad High-Speed Rail Bullet Train Project. The infrastructure firm, in its statement, referred to the project awarded to its offshore hydrocarbon business as an «ultra-mega» project, a term it uses for projects above ₹15,000 crore, without mentioning the order value. Doha-based QatarEnergy is a state-owned petroleum company and one of the largest gas companies in the world.

Kunal Kamra has lashed out at T-Series after the music label reportedly blocked visibility and monetisation of his stand-up special, Naya Bharat: A Comedy Special, on YouTube. Kamra took to X (formerly Twitter) to criticise the company, accusing it of misusing copyright laws. «Hello @TSeries, stop being a stooge. Parody and satire come under fair use legally. I haven’t used the lyrics or the original instrumental of the song. If you take this video down, every cover song and dance video can be taken down. Creators, please take a note of it,» he wrote. He further added, «Having said that, every monopoly in India is nothing short of the Mafia, so please watch/download this special before it’s taken down.»

Wipro, India's fourth largest IT services provider, won a 10-year deal worth 500 million pounds ($645.4 million) from British insurer Phoenix Group, the company said on Wednesday, announcing its second mega deal this financial year. Mega deals, which are typically worth more than $500 million, are key revenue drivers for IT services companies. In June 2024, Wipro announced a $500 million deal with a U.S. communications service provider. The latest deal is for Phoenix Group's ReAssure business where Wipro will work on life and pension business administration.

Subscribe to enjoy similar stories. Gurugram: It all began with an unassuming poster, pinned to a wall at a local Bandra library during the pandemic: “Tired of Zoom classes? Presenting Comini Learning Pods." It led curious parents to Priyanka Rai and Sai Gaddam, who had then just moved to Mumbai and were looking for alternative schooling options for their own children. As they began to speak to interested parents, the idea of a learning pod (where a small group of children learn together) turned into something bigger but small enough to suit their needs: Comini Microschool.

Eknath Shinde told the legislative council on Wednesday. «Some iconic buildings from the British era have given Mumbai a unique identity. To preserve this legacy and promote architecturally distinctive buildings in Mumbai, the state government has prepared a special policy,» Shinde said. Highlighting the importance of such developments, Shinde said that cities across the world are known for their unique urban planning, neighbourhoods, and landmark buildings. «Mumbai too, being a world-class city, deserves to encourage such iconic structures that will not only beautify the city but also strengthen its appeal as a tourist destination,» he said. The deputy CM said that the current Development Control and Promotion Regulations (DCPR) applicable to Mumbai pose limitations in facilitating the construction of distinctive structures. To address this, he said, the government has proposed separate provisions within the existing regulations to accommodate buildings that can become a symbol of the metropolis.

Nestle India has been handed a penalty of Rs 69.45 lakh by the Commissioner of Customs (Appeals) in Mumbai, the company said in an exchange filing on Wednesday. The penalty stems from a customs duty dispute, with the company having initially filed an appeal against a decision by the Deputy Commissioner of Customs. However, the appellate authority upheld the original order, confirming the demand for the custom duty amount of Rs 69.45 lakh, along with the same amount as penalty.

Reserve Bank of India governor Sanjay Malhotra while addressing Private Sector Collaborator Forum 2025 in Mumbai asserted that the measures taken to combat money laundering should not overzealous which can stifle legitimate activities and investments. «While we continue to keep our financial systems safe from money laundering and terrorist financing, policymakers must ensure that our measures are not overzealous and do not stifle legitimate activities and investments,» Malhotra said on Wednesday.

Subscribe to enjoy similar stories. MUMBAI : Bootstrapped upskilling firm Intellipaat Software Solutions Pvt. Ltd has appointed consultancy major EY to advise on its fundraising plans as it targets a revenue of ₹700-800 crore over the next two years, a top executive of the firm told Mint.

Subscribe to enjoy similar stories. Mumbai: Deposit rates may begin to come down starting April as lenders move to protect margins, at a time of easing credit demand and expectations of another repo rate cut. Most banks did not change their deposit rates after the Reserve Bank of India reduced the repo rate by 25 basis points (bps) in February.

‘The Buckingham Murders’ director took to X to express his support for the comedian. He flagged an abusive post that targeted Kamra. In response, an X user asked him why he did not stand up for Ranaut when her home was demolished in 2020, to which he retorted, “Was her house vandalised? Did goons enter her premises? Did they do this to challenge her freedom of expression or for alleged FSI violations? Please enlighten me. Maybe I don't know the facts." Ranaut, not to mince words, fired back. She stated how she was called slurs and her home was wrecked with bulldozers before the courts opened. She also claimed that people laughed at her ordeal and “raised a toast” to her public humiliation.

Kunal Kamra has released a new video titled Hum Honge Kangal on Instagram, following his refusal to apologise for a joke about Maharashtra Deputy Chief Minister Eknath Shinde. The video, a parody of the song Hum Honge Kamyab, features visuals of Shiv Sena workers vandalizing the India Habitat venue, where Kamra had performed.

Sonu Sood’s wife, Sonali Sood, was involved in a severe car accident on the Mumbai-Nagpur highway on March 24, 2025. She was traveling with her sister and nephew when their vehicle met with a crash. Her nephew, who was behind the wheel, also suffered injuries, while her sister escaped with only minor wounds. Following the accident, Sonali and her nephew were rushed to Max Hospital in Nagpur, where they are undergoing treatment. Doctors have kept them under close observation for 48 to 72 hours to monitor their recovery. Upon hearing about the incident, Sonu Sood immediately rushed to the hospital to be by his wife’s side. A spokesperson confirmed the accident and stated that Sonu is currently unavailable as he remains with his family during this critical time.

Subscribe to enjoy similar stories. MUMBAI : Managing bulk payments efficiently while maximizing credit card rewards could be a smart financial move. Many credit card users do not get any reward points when paying bills directly.

Subscribe to enjoy similar stories. MUMBAI : A majority of the investors in the popular sovereign gold bonds (SGBs) are saying no to premature redemption despite making stellar returns on their original investment.

Subscribe to enjoy similar stories. The Securities and Exchange Board of India’s (Sebi) consultation paper, ‘Enhancing Trading Convenience and Strengthening Risk Monitoring in Equity Derivatives,’ issued last month, fulfils a long-standing market demand to increase the economic representativeness of its Open Interest (OI) measurement approach. The proposal will not only help retail investors, but also institutions such as mutual funds that manage retail money.

Private Sector Collaborative Forum (PSCF) 2025 of the Financial Action Task Force (FATF) from March 25-27, where issues of global priorities such as payment transparency, financial inclusion and digital transformation of financial systems will be discussed, the finance ministry said in a statement on Monday. The forum will be hosted by the Reserve Bank of India (RBI) and the Department of Revenue, under the finance ministry, in Mumbai. Discussions at the forum will revolve around issues shaping the global anti-money laundering and combating the financing of terrorism (AML/CFT) landscape, it said. «Participants will explore how FATF can continue to address evolving threats while promoting financial inclusion through robust, risk-based supervision of regulated entities,» it said, adding that the meeting will also focus on enhancing transparency in beneficial ownership and leveraging digital tools to strengthen AML/CFT compliance mechanisms.

comedian Kunal Kamra amid the controversy surrounding his remarks. Addressing the media at Parliament, Bachchan raised concerns about the increasing restrictions on freedom of expression in the country.

Quick commerce platform Swiggy Instamart on Monday said it will now deliver smartphones in 10 major cities. According to the platform, these cities include Bangalore, Delhi, Mumbai, Chennai, Faridabad, Noida, Gurgaon, Kolkata, Hyderabad, and Pune, with plans to expand to more cities. The smartphone brands available include the iPhone 16e, Samsung M35, OnePlus Nord CE, and Redmi 14C. Quick commerce platforms have been continuously expanding their offerings by partnering with brands and introducing products that were previously sold on ecommerce platforms. Rivals Zomato-owned Blinkit and Zepto are also offering electronics and phones, in addition to items such as fashion, accessories, beauty, and personal care products.

Devendra Fadnavis has taken a strong stand on the alleged disparaging remarks made by stand-up artist Kunal Kamra against the state deputy CM Eknath Shinde. The Chief Minister while speaking in the state Assembly on Monday stated that the government would not accept freedom of expression if it leads to tyranny. The chief minister said, «We appreciate humour and satire. We accept political satire, but we do not accept freedom of expression if it leads to tyranny.» He stated that Kamra staged «low-quality» comedy. «This artist makes statements against the Prime Minister, the Chief Justice; he wants to gain fame by creating controversy. He targeted Eknath Shinde and staged low-quality comedy,» adding that the people will decide whether Eknath Shinde is a traitor or a selfish person. Further referring to Eknath Shinde as the heir to Balasaheb Thackeray's legacy, he questioned the opposition, asking whether they had given a «supari» for the stand-up show. «Balasaheb Thackeray's legacy is with Eknath Shinde… and those on the opposite bench support him, have you given a supari? This Kamra tweeted a photo of the Constitution; if he had read the Constitution, he would not have committed such atrocities,» he added.

Shiv Sena (UBT) leader Sanjay Raut on Monday demanded that Maharashtra Chief Minister Devendra Fadnavis recover damages from Shiv Sainiks who vandalised the studio where stand-up comedian Kunal Kamra's show was shot. Speaking to reporters, Raut alleged that there was «gunda raj» (hooliganism) in the state capital and said Fadnavis was incapable of handling the home department. The Mumbai police have registered an FIR against Kamra for allegedly making defamatory remarks against Deputy Chief Minister Eknath Shinde during a show. The police also registered a case against nearly 40 Shiv Sena workers for allegedly vandalising the Habitat Studio in Mumbai's Khar area, where Kamra's show with «gaddar» (traitor) jibe at Shinde was filmed, and a hotel where the studio is located. The comedian taunted Shinde using a modified version of a Hindi song from the film «Dil To Pagal Hai», eliciting laughter from the audience. Raut said Kamra hadn't named anyone in the satire song and questioned the need for the agitated reaction.