City Mumbai Financial News

Narendra Modi and other prominent leaders have extended their warm wishes to the nation as the ten-day-long celebration of Ganesh Chaturthi kicks off across the country. In a Twitter post, PM Modi expressed, «Happy Ganesh Chaturthi to the countrymen! Ganpati Bappa Morya!» He also conveyed his blessings to his family members across the nation, hoping that this auspicious festival would bring prosperity to everyone. Union Home Minister Amit Shah also joined in, sending heartfelt greetings to the citizens on this holy occasion. He prayed to 'Vighnaharta- Shri Ganpati Bappa' for their well-being. Maharashtra Chief Minister Eknath Shinde joined the chorus of greetings, extending his wishes to the people on this joyous occasion. The celebrations have already begun with a morning 'Aarti' at the historic Shri Siddhivinayak Temple in Mumbai, attracting a large gathering of devotees. In Raipur, Chhattisgarh, a creatively designed pandal, resembling Bharat's successful lunar mission Chandrayaan-3 aircraft, is set to captivate the public. Kolkata has also witnessed the artistic fervor of Ganesh Utsav committees with elaborately designed pandals featuring unique themes.

Mumbai's traffic authorities have issued restrictions on heavy vehicles and private buses to ensure smooth traffic flow. The restrictions will be in effect on various dates in different parts of the city.South Mumbai Restrictions On September 21, 24, 26, and 29, heavy vehicles and private buses will not be allowed to enter or ply on the roads in South Mumbai.

«I think the patient realisation has also gone up. It is nearing almost per patient to about 800 bucks or something and I think there is a lot of unorganised market here,» says Gurmeet Chadha, Complete Circle Consultants.Within pharma and healthcare which are your top recommendations?So, we again are tracking diagnostics. Initially, we had issues when the disruption happened by the new-age companies.

Also read: Weather Updates: IMD predicts heavy rainfall in Gujarat, Rajasthan till September 19. Check here Extremely heavy rainfall likely over Gujarat, south Rajasthan, north Konkan, and north Madhya Maharashtra is expected on 19 September. Heavy rainfall may also occur in Jammu and Himachal Pradesh today In East India, IMD projected that West Bengal, Sikkim, Jharkhand, Odisha, and Bihar may occur till 22 September.

Heavy rains in Gujarat, Maharashtra and Madhya Pradesh severely impacted train schedules on the Mumbai-Delhi sector yesterday, particularly on the Western Railway. Bridge No. 502, which spans the River Narmada between Bharuch and Ankleshwar, is experiencing water levels above the danger mark, exceeding 40 feet.

NEW DELHI : Planning to fly during the festival season? Prepare to shell out a lot more this year. Airfares for the Navratri season on some routes have doubled compared to the levels seen last year as well as in the pre-covid year of 2019, while fares in other routes remain elevated, data from travel portal Ixigo showed. Average fares for a Bengaluru-Kolkata flight during the second half of the Navratri period have shot up to over ₹14,000 from nearly ₹7,000 in the same period a year ago.

MUMBAI : Tata Capital Ltd is restructuring its operations and expanding its board as part of the Tata group’s plan to take the non-bank lender public, two people with direct knowledge of the matter said. “The group is targeting an IPO (for Tata Capital) in 2025. The board has been expanded, and mergers of some of the group firms under Tata Capital have been done as a part of the IPO plan," one of the two people said on condition of anonymity.

Trinamool National General Secretary Abhishek Banerjee on Monday said his party has always urged all like-minded anti-BJP parties to come together and CPM can clarify its own stand on the INDIA alliance's coordination committee meeting. Banerjee's comments came a day after the central committee of the CPM allowed the Bengal CPM unit to field candidates against the Trinamool Congress in the 2024 Lok Sabha polls. Trinamool Congress also posted on its 'X' handle that «recognising the importance of solidarity in safeguarding democratic values, Shri @abhishekaitc affirmed that our doors are always open to all like-minded parties.

MUMBAI : Indian Institute of Technology (IIT)-Delhi is overhauling its syllabus after a decade to weave in sustainability and bring in flexibility in engineering courses to engage the younger generation. The institute, established in 1961, is reaching out to India Inc, recruiters and education consultants to bring in more experiential ways of learning. The publicly funded institute is concerned that its corpus of ₹600 crore falls way short of what it needs— ₹10,000-12,000 crore—to build infrastructure and offer better options to grow the institute.

traffic restrictions will be in place in different parts of Mumbai during Ganesh Chaturthi celebrations starting from September 19, but there will be no curbs on vehicles supplying essential commodities. Idol immersion processions, which take place on different days of the festival starting from the second day, attract massive crowds of devotees as people from all over the city and also outside come to witness the grand event, leading to a surge in pedestrian and vehicular traffic, which may be aggravated by plying of heavy vehicles and private buses, a traffic department official said. Therefore, some traffic arrangements have been made for heavy vehicles and private buses from September 19 to 29, he said. There shall be complete restriction on movement of all types of heavy vehicles and private buses in south Mumbai on September 21, 24, 26 and 29, said the official. On other days between September 19 and 29, heavy vehicles are allowed to ply in south Mumbai between 00:00 hours and 07:00 hours, he said.

₹155.65 crore. AirAsia India flies over 50 direct and over 100 connecting routes across 19 destinations in India including Bengaluru, Delhi, Kolkata, Mumbai, Kochi, Chennai, Hyderabad, Pune, Bhubaneswar, Visakhapatnam, Imphal, Guwahati, Goa, Jaipur, Lucknow, Surat, Bagdogra, Ranchi, and Srinagar.

₹3,847.58 crore fraud case. It also conducted searches at four locations in Mumbai and booked then CMD Kishore Krishnarao Avarsekar in the case, officials said on Monday. CBI came into action after a complaint was filed by the State Bank of India, one of the consortium members which alleged that the fraud took place at its commercial branch in Mumbai.

₹1,770 crore. The MMLP will be spread across 400 acre at Muddelinganahalli in Bengaluru rural. The project is poised to become the first and largest MMLP ever implemented in the country under the PM GatiShakti National Master Plan.

MUMBAI (Reuters) — The Indian central bank sees stabilising core inflation, which excludes food and fuel prices, as a sign of easing price pressures in the economy.

Orios Venture Partners (VP) on Monday had two of its managing partners, Anup Jain and Rajeev Suri, step down in back-to-back announcements on professionals networking platform LinkedIn. Jain and Suri are set out to launch a fund independently, sources in the know told ET. “Rajeev Suri who was heading investor relations and Anup Jain who was part of the investing team have departed. Rehan Yar Khan, the founding partner, continues to head fund investments along with a nine member team,” a spokesperson from Orios VP said in a statement. The Mumbai-based firm said it will continue to look to make eight to ten investments a year.

Ganesh Chaturthi, the vibrant festival that marks the birth of Lord Ganesha, is just around the corner and with it communities across India are eagerly decking the halls, quite literally, with creative and eco-friendly decorations to celebrate the special occasion on September 19.

Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg. The momentum can sustain into next year and beyond as owners of Indian companies are keen to raise funds for other investments, said Abhinav Bharti, India head of equity capital markets at JPMorgan.

Ganeshotsav is in full swing in Mumbai, and this year's festivities promise to be more exciting than ever. With increased budgets, better provisions for devotees, enhanced security measures, digital-friendly darshans, and more, the city is abuzz with anticipation.

Small Industries Development Bank of India (SIDBI) has announced 100% funding for green and clean projects of MSMEs, marking a significant step towards green financing. SIDBI is the country's primary financial institution for promoting, developing and financing MSME (Micro, Small and Medium Enterprise) sector. “We invite MSMEs to avail of SIDBI’s financial schemes for installing solar energy and adopting energy efficient machineries and business processes. SIDBI extends 100% loans at interest rate as low as 7%-8% depending on the credit rating of MSMEs for installing rooftop and ground mounted solar rooftop power projects.

Also Read: Several Mumbai-Gujarat trains cancelled due to heavy rainfall. Check details here The Narmada and other rivers are flowing at full capacity. As a response to the situation, 9,600 individuals were relocated to safer locations, and 207 others were rescued across five districts.

The chief investment officer at Nippon Life India Asset Management Ltd. says it’s increasingly difficult to find opportunities in the $3.8 trillion market, where benchmarks have just hit record highs.