City Mumbai Financial News

Vande Bharat Exp 20902 Gandhinagar-Mumbai Vande Bharat Exp 12009 Mumbai - Ahmedabad Shatabdi Exp 12010 Ahmedabad- Mumbai Shatabdi Exp 19015 Dadar - Poarbandar Saurashtra Exp 12934 Ahmedabad -Mumbai Karnavati Exp 12932 (Ahmedabad-Mumbai AC Double Dekar Exp 82902 Ahmedabad-Mumbai Tejas express 22954 Ahmedabad-Mumbai Gujarat Superfast Exp 12933 Mumbai -Ahmedabad Kanvati Exp 12931 Mumbai-Ahmedabad AC Double Deker Exp 82901 Mumbai-Ahmedabad Tejas exp 12471 Bandra Terminus-Sri Mara Vaishnodevi Katra Swaraj Exp 12925 Bandra T -Amritsar Paschim Exp 09172 Bharuch -Surat MEMU Spl" In another tweet, it was informed that the helpline Numbers have been set up to assist passengers in getting train-related informations. Following heavy rainfall in the catchment areas and the release of water from the Sardar Sarovar Dam in Narmada, eight trains that connect Vadodara to Ekta Nagar, the site of the Statue of Unity, were canceled for a day.

data center major Colt DCS is looking to invest over $1.3 billion in India to develop hyperscale and enterprise solution data center campuses over the next 3-4 years, said a top official of the company. The London-headquartered company is looking to develop two campuses including one in Mumbai region and one in Chennai as per its India growth plan to begin with and in other key cities of the country in the years to come. For the Mumbai region project, the investment amounts to $115 million in the first phase, and the overall estimated investment for this campus stands at around $750 million. «Colt DCS' entry into the Indian market reaffirms our commitment to become the leading customer-centric data centre operator in the industry. Our strategic expansion is only set to continue with new sites expected across the country as we look to provide high quality data centre services,” Niclas Sanfridsson, CEO, Colt DCS, told ET. In Navi Mumbai’s Airoli locality, the company is setting up a 120 MW hyperscale data center spread over 15 acres.

Mumbai: For the first time, private asset reconstruction companies (ARCs) are on equal footing with the government-owned bad bank NARCL. In the Dharani Sugars case, private ARCs sought a clarification on the method to compute the net present value (NPV) based on the initial bid of ₹235.9 crore. Banks responded by saying that regardless of whether it's a 100% upfront cash offer or based on a combination of cash and security receipts (SRs), the comparison value remains ₹235.9 crore, which allows private ARCs to value their bid at ₹235.9 crore on an all-cash basis or ₹331 crore using the cash to security receipt structure. A consortium of 10 banks led by Indian Bank, holding 34% of the debt, has placed a ₹619 crore loan for sale at an offer price of ₹222.5 crore and will hold Swiss Challenge on September 18. NARCL offered ₹222.5 crore as the anchor bid, with a minimum mark-up requirement of ₹13.4 crore for other challengers. Some financial institutions like the Sugar Development Fund, the Indian Renewable Energy Development Agency (IREDA), and ICICI Bank, which holds a portion of ECBs, have excluded their debt from the sale.

International Realty on Sunday said it has bagged a mandate to sell ₹800 crore worth ultra-luxury apartments at Worli in Mumbai. In a statement, India Sotheby's International Realty said it has signed an exclusive sales and marketing mandate with The Residency, Worli, Mumbai that houses 19 ultra-luxury residences.Prime Realty is the developer of this project. These residences are ready with completion and occupancy certificates, it added. The price of these luxury residences starts at ₹60 crore each.

MUMBAI : The markets regulator’s attempts to warn retail investors about the risks of trading in derivatives appear to have fallen on deaf ears. The number of retail participants trading in derivatives on the National Stock Exchange (NSE) of India Ltd, the country’s largest stock exchange, hit a record in August. Market participants said the surge was fuelled by the growing popularity of relatively cheaper zero-day options, which expire daily.

₹800 crore worth ultra-luxury apartments at Worli in Mumbai. The property consultant, in a statement, said the company has signed an exclusive sales and marketing agreement with The Residency, Worli, Mumbai that houses 19 ultra-luxury residences.

India Sotheby's International Realty on Sunday said it has bagged a mandate to sell Rs 800 crore worth ultra-luxury apartments at Worli in Mumbai. In a statement, India Sotheby's International Realty said it has signed an exclusive sales and marketing mandate with The Residency, Worli, Mumbai that houses 19 ultra-luxury residences. Prime Realty is the developer of this project. These residences are ready with completion and occupancy certificates, it added. The price of these luxury residences starts at Rs 60 crore each.

Congress president Mallikarjun Kharge on Sunday asked party leaders to prioritise the success of the party putting aside personal differences and take on adversaries with full might in the upcoming state and Lok Sabha elections. Addressing the extended CWC meeting on the second day of deliberations, Kharge said the party's goal must be to defeat the BJP in the 2024 Lok Sabha elections and work diligently to form an alternative government in the country. In a scathing attack on the Modi government, Kharge accused it of playing politics and distracting and diverting people from basic issues by bringing new ones. «Recently, during the Mumbai meeting of INDIA alliance, Modi government formed a committee on 'One Nation, One Election'.

The youth wing of Bharatiya Janata Party (BJP) has removed posters of the upcoming event of Canadian singer Shubh in Mumbai. A video showed that workers of Bharatiya Janata Yuva Morcha (BJYM) on Saturday removed posters of the Canadian singer, saying that there is no place for 'Khalistan' supporters in Bharat. The BJYM has alleged that the Canadian singer, Shubh, also known as Shubhneet Singh, supports the Khalistan movement through social media.

₹22 crore as compensation from the 43 pilots for the loss of revenue and damaging reputation of the airline. According to a report by the Times of India, the mass exodus of pilots has forced the airline to cancel its several operations since August 2023. "We have sought legal remedy only against a small set of pilots who abandoned their duties and left without serving their mandatory contractual notice period," an Akasa Air spokesperson said.

Jet Airways founder Naresh Goyal, who was sent to 14-day judicial custody in a ₹538 crore bank fraud case, should have taken a timely decision to bring inequity before it was too late. He also said that the government must always save the airline because of jobs and infrastructure, according to a report published by the news agency ANI. Speaking to media persons, Gopinath said, “He (Naresh Goyal) had made the country proud as an airline, but unfortunately, I think he should have sensed that the problem was coming and taken a timely decision to bring inequity before it was too late." “But I think the governments must always save the airline.

In the bustling streets of Mumbai, Ravi, a talented graphic designer, wakes up every day with a sense of purpose. He’s a freelancer, not tied to any corporate office but the master of his own destiny. As he juggles multiple projects and clients, Ravi cherishes the freedom and flexibility that comes with his freelance career. However, he also realises that this newfound independence brings its own set of responsibilities and potential risks, especially when it comes to healthcare and financial stability.

Also Read: Charter aircraft skids off runway at Mumbai airport, delays 40 flights Manaus Aerotaxi airline has released a statement acknowledging the occurrence of an accident and confirming an ongoing investigation. However, the statement did not provide any specific information regarding casualties or injuries.

India and Canada have hit a new low as Canadian trade minister Mary Ng has 'postponed' a planned trade mission to Mumbai next month without giving any explanation. The move comes after Canadian Prime Minister Justin Trudeau's not-so-happy trip to India for the G20 Summit this month that also involved an extended stay here due to a snag in his flight. Ng was to come to Mumbai on October 9 along with Canadian businesses for a five-day trip known as a 'Team Canada' trade mission to revive bilateral trade talks that are currently paused, review trade ties, and meet industry representatives. «At this time, we are postponing the upcoming trade mission to India,» a spokesperson for the minister said without giving a reason, as per a Reuters report. The relationship between Canada and India has been showing signs of strain in recent times with the Trudeau government taking limited steps to address India's concerns over anti-India activities in Canada. Last Sunday, Prime Minister Narendra Modi conveyed India's concerns to Trudeau following the G20 Summit here. Officials here said extremist elements in Canada are promoting secessionism and inciting violence against Indian diplomats, damaging diplomatic premises, and threatening the Indian community in Canada and their places of worship. They said the nexus of such forces with organised crime, drug syndicates and human trafficking should be a concern for Canada as well. Modi had told Trudeau that it is essential for the two countries to cooperate in dealing with such threats.

Bangladesh Navy chief Admiral M Nazmul Hassan was on a three-day visit to Mumbai which culminated on Saturday during which he interacted with top Indian Navy officials and discussed issues of mutual interest. Indian Navy played a big role in the 1971 war with Pakistan that led to the creation of Bangladesh. In Mumbai, The Admiral interacted with Vice Admiral Dinesh K Tripathi, Flag Officer Commanding-in-Chief, Western Naval Command and discussed issues of mutual interest including increased cooperation in maritime operations, training and infrastructure accretion. He was given an overview of the operational capability, responsibilities and activities of Western Naval Command. «Admiral M Nazmul Hassan, Chief of the Naval Staff, Bangladesh Navy, accompanied by Mrs Nadia Sultana, President, Bangladesh Navy Family Welfare Association visited Mumbai 14-16 September 23,» the Navy said in a statement. He visited indigenously built vessels including Naval Offshore Patrol Vessel INS Sunayna, guided missile destroyer INS Visakhapatnam and Kalvari class attack submarine INS Khanderi. During his visit to the Naval Dockyard in Mumbai, Admiral Hassan interacted with Rear Admiral DK Goswami, Admiral Superintendent, Naval Dockyard (Mumbai) and discussed matters related to the maintenance, repair and refit capabilities of the facility. The Admiral was shown the state-of-the-art Aircraft Carrier Dock as well as other niche repair and maintenance facilities. «The two neighbours are committed to bolstering maritime security in the region and share a common goal of development and prosperity.

diesel-run double-decker bus of the Brihanmumbai Electric Supply and Transport (BEST) undertaking, commuters and staffers reminisced about their journey in the iconic red vehicle that became a symbol of the city itself. «Hello, Mumbai Police? I'd like to report the theft of one of my most important childhood memories,» wrote industrialist Anand Mahindra on 'X', echoing the loss felt by many Mumbaikars. The bus started its final trip on route 415 from the Andheri railway station to SEEPZ village in the western suburbs around 11.05 pm on Friday.

Standard Chartered Bank has inaugurated its private banking centre in the city, the over-century-old bank said on Saturday. This Private Banking Centre is the fifth after Bengaluru, New Delhi, Kolkata, and Mumbai. Aimed at serving high net worth and ultra-high net worth clients, the Private Banking Centre offers products, advisory, and insights to manage, grow, and protect personal and business wealth. «Being one of the oldest global banks in India, we have relationships across multi-generations and therefore we can focus both on a traditional approach while offering bespoke, objective, and holistic advice supported by an open architecture platform,» said the Bank's Managing Director and Head Affluent, Private Bank and Branch Network, Nitin Chengappa. «We are excited to open our new private banking centre in Chennai.

ED) Friday filed its prosecution complaint ( PC) in the alleged irregularities in awarding the covid field hospital contracts to Lifeline Hospital Management Services (LHMS). A PC is equivalent to a chargesheet filed by the police under CrPC. Earlier in July, the ED had arrested Sujit Patkar, a co-partner of LHMS who is also said to be a close aide of Shiv Sena leader (Uddhav Balasaheb Thackeray), Sanjay Raut, and Dr Kishore Bisure, dean of the jumbo covidfacility in Dahisar. According to the ED, LHMS was incorporated with a mere investment of Rs 12,500, received Rs 31.84 crores from the BMC for supply of medical staff to covid centres. The probe found that 50-60 percent of the medical staff, including doctors and paramedics, were non-existent.

Multibagger stock: AVG Logistics shares are one of the multibagger stocks that Indian stock market has delivered in YTD time. This small-cap stock has risen from around ₹118 to ₹262 apiece levels in year-to-date time, delivering to the tune of 125 per cent to its positional shareholders. However, some fund houses still believe that the small-cap multibagger stock may continue its uptrend.

weather forecast for the upcoming days indicates a pattern of light to moderate fairly widespread to widespread rainfall, accompanied by thunderstorms and lightning. This weather condition is expected to prevail over ghat areas of Madhya Maharashtra from September 15th to September 19th.

₹5,000 crore, it's the Bollywood angle that has set tongues wagging. Chandrakar used to be a humble juice vendor in Bhilai, Chhattisgarh. He is now said to be in his early twenties.