City Mumbai Financial News

By Dharamraj Dhutia

Amritpal Singh who was arrested in April this year. The youth wing has also submitted a memorandum to the Mumbai Police Commissioner demanding strict action against Shubh and cancellation of all his performances. "We have given a memorandum to the organizers and Mumbai police to cancel the program peacefully and if appropriate action is not taken, we will protest.

₹6000 on the iPhone 15 series. As per a report by India Today, these attractive offers can be accessed on the Apple India website as well as at their retail outlets in Delhi and Mumbai. Apple India is currently offering an immediate discount of up to ₹6,000 when you make a purchase on their website using an HDFC Bank card.

MUMBAI — NCC is one of the largest listed construction companies in India in terms of revenue, with a well-diversified portfolio comprising buildings, transportation, water and environment, irrigation, electrical (T&D), mining and railways.

₹2.24 lakh crore) in 2022, marking a 37% increase in just four years, as per data from Statistics Canada. Bloomberg quoted Vivek Dehejia, an Economics Professor at Ottawa's Carleton University, as saying, “The financial connections are very strong in both directions." He opined that the recent diplomatic fallout could have a “chilling effect" on investment flows. India holds significant sway in Canada’s education sector, being the largest source of international students in Canadian universities and colleges.

₹59,222 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 59,240, and a low of ₹59,222. Around 9.10 a.m., MCX Gold for October 5 delivery traded 0.07 per cent lower at ₹59240 per 10 grams.

MUMBAI : HDFC Bank Ltd expects a worsening of net interest margin (NIM), net worth and asset quality in the short term following its merger with parent Housing Development Finance Corp. (HDFC), analysts who attended a meeting with a top bank executive said. NIM may narrow 25 basis points (bps) due to the combined effect of incremental cash reserve ratio (CRR) and excess liquidity, analysts cited chief financial officer Srinivasan Vaidyanathan as saying at the meeting.

MUMBAI : The Reserve Bank of India has approved the reappointment of Sashidhar Jagdishan as HDFC Bank managing director and chief executive officer for three more years till 26 October 2026, the bank said in a regulatory filing. Jagdishan joined the bank in 1996 as a manager in the finance function and became business head of finance in 1999. He was later appointed chief financial officer in 2008.

MUMBAI : Deteriorating diplomatic ties between Canada and India have sparked concerns about the visa prospects for hundreds of thousands of immigrants, students and workers heading to the North American country every year. Companies with tie-ups with universities and offices in Canada are worried that scrutiny of applications from states such as Punjab and Haryana will increase and immigrant visas will be harder to come by. “This will show up in the visa approvals in the long term.

New Delhi/ Mumbai: The Union government is weighing the introduction of a production-linked incentive (PLI) scheme for wearables, including hearing devices, to boost local production by both Indian and global companies. “We’re exploring whether there’s a need for it. It’s the fastest-growing category (for consumer goods).

Edited excerpts: Why is Niantic entering India seven years after the launch of Pokémon Go? India has been a massive market for Android,and we are seeing fast adoption of new devices, with over 500 million active smartphone users. That is great for us, because for augmented reality, we need to have a graphics accelerator and advanced features in the phones. Today, you can find sub-$100 smartphones that have good enough features to match our needs, and within two years we may find similar features in sub-$50 phones, which will only expand the market.

Reliance Jio on Tuesday launched its fixed wireless access (FWA) device — Jio AirFiber — in eight cities — Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune, just over a month after rival Bharti Airtel introduced its own device in two cities, as both telcos make initial attempts at monetising their 5G services. «Our extensive fiber-to-the-home service JioFiber, already serves over 10 million customers...With JioAirFiber, we are expanding our addressable market to rapidly cover every home in our country with similar quality of service,» Akash Ambani, chairman of Reliance Jio, said in a statement. A fixed wireless device uses radio frequencies instead of cables/fibres to provide fixed broadband access, using technologies like 5G. Simply put, these are portable broadband devices, much like dongles but with better coverage and speeds. The Jio AirFiber service has been launched with multiple plans ranging from 30 Mbps speeds to 1000 Mbps speeds, all available in blocks of six months and 12 months, the telco said in the statement. The plans are available in two buckets — Jio AirFiber and Jio AirFiber Max.

MUMBAI : PSU banks have rallied sharply in the past month, culminating in volumes on the Nifty PSU Bank Index, comprising 12 lenders, hitting a record high of 1.78 billion shares on 18 September. Normally this is a sign of worry, as the index has plunged 20-25% in the near term on previous occasions after volumes peaked. But, analysts remain unfazed despite stocks like Indian Overseas Bank (IOB), UCO Bank, Punjab & Sind Bank, Central Bank of India and Bank of Maharashtra rising 25-50% in last month alone and their valuations looking stretched compared to State Bank of India (SBI), the country’s largest bank by assets.

Cowrks, a flexible and managed office provider backed by Brookfield Asset Management, is set to expand its presence across major cities by opening new centres within large office campuses owned by the fund, said its senior vice president Parul Thakur. The company plans to open six new centres with 3,600 seats in Pune, Mumbai, Bengaluru and Chennai by the end of 2023, catering to increasing demand for a hybrid work model among large corporations, she said. “Since the acquisition, the focus was more on stabilising assets than expanding. We turned EBITDA positive mid-last year and will be adding newer properties within our business parks but will be mindful of expansion.

Ganesh Chaturthi 2023: This year the Ganesh Chaturthi festival begins from today i.e., September 19th and will continue till September 28th. The festival celebrates the birthday of Lord Ganesh. From common man to bollywood celebrities, everyone is soaking up the festive fervor.

Shubhneet Singh, popularly known as Shubh, has found himself in the midst of controversy as he gears up for his upcoming concert in Mumbai. The turmoil stems from allegations of his support for Khalistani separatist elements, which has led to consumer lifestyle brand BoAt to pull out their sponsorship from Shubh’s Mumbai concert.

Reliance Jio, AirFiber, was launched on the ocassion of Ganesh Chaturthi on Tuesday. So far, the service will be active in eight cities. Jio AirFiber also offers subscription of popular OTTs like Netflix, Amazon, Hotstar, etc on selected plans.

Reliance Jio, on Tuesday, launched its Jio AirFiber services. In its initial stage, the service will be live in eight cities including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Mumbai and Pune. "With JioAirFiber, we are expanding our addressable market to rapidly cover every home in our country with similar quality of service.

MUMBAI/NEW DELHI : India's Torrent Pharmaceutical is in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion to help fund a planned bid for Cipla, two people briefed on the discussions said. Torrent is hoping to secure roughly $3 billion to $4 billion in financing for the bid for its much bigger rival, they said. Bernstein analysts have estimated that a deal for about 60% of India's No.

Lord Ganesha, the God of prosperity, joy, and good fortune. One of the most auspicious figures in the Hindu pantheon, this pot-bellies, elephant faced deity is worshipped by lakhs of devotees on Ganesh Chaturthi every year. Since, Ganpati Mahotsav is most popular in the state of Maharashtra, every year many Bollywood stars hold lavish Ganpati celebrations in their home or are seen paying a visit to the iconic Lalbaugcha Raja (Lord Ganpati) pandel in Mumbai. This year too, many A-listers from Bollywood took to social media to wish their fans a happy, safe, and prosperous Ganesh Chaturthi.

Bharti Airtel's introduction of India's inaugural wireless home Wi-Fi service, Mukesh Ambani-led Reliance Industries made a similar announcement during its 46th AGM, stating plans to launch Jio AirFiber on September 19. Ambani explained during the AGM that their extensive optical fiber network connects them to over 200 million locations. The Jio AirFiber devices is aimed at providing last-mile connectivity to many parts of India. As for pricing, while Reliance hasn't disclosed specifics, there is precedent to suggest that consumers can expect rates lower than existing options.