City Mumbai Financial News

03.09 / 14:11
FIVE Strategy country INDIA bloc’s floor leaders to meet at Mallikarjun Kharge’s residence on Sept 5: Report
ANI citing sources on Sunday. The meeting is being seen as a step towards chalking out a strategy for the upcoming assembly elections in five states as well as the Lok Sabha elections in 2024, the report added citing sources.
03.09 / 13:45
COST Extreme country 2024 INDIA bloc will defeat NDA in 2024 Lok Sabha polls, says Congress leader Ghulam Ahmad Mir
INDIA bloc will defeat the NDA in the 2024 Lok Sabha polls and the upcoming assembly elections in different states, Congress leader Ghulam Ahmad Mir said on Sunday.
03.09 / 13:11
UPS Citi MET stage Time Durand Cup finals: Mohun Bagan SG defeats East Bengal 1-0 for the first time in 23 years
Arch rivals in Indian football- Mohun Bagan Super Giant and East Bengal FC- faced off each other to clinch the Durand Cup finals win. In the match that took place at Kolkata's Vivekananda Yuba Bharati Krirangan, Mohun Bagan SG emerged as winner, defeating East Bengal 1-0, for the first time in twenty three years. Mohun Bagan SG and East Bengal FC are two of the most successful sides in the Durand Cup, having won a record 16 titles each in the tournament.
03.09 / 12:25
One of the first neutral umpires in Tests, Piloo Reporter dies at 84
Piloo Reporter, one of the first two neutral umpires in the history of international cricket, passed away on Sunday in Mumbai because of illness. The 84-year-old Reporter was suffering from Cerebral Contusion disease and was being taken care of at his home by his wife and two daughters. The 1992 World Cup, which was played in Australia and New Zealand, was one of the tournaments apart from 14 Test matches and 22 ODIs that Reporter officiated in. Reporter, the sole Indian umpire in the 1992 World Cup, was known for his nimble signalling of a boundary. The 1986 Test match played between Pakistan and West Indies at Lahore was a bigger occasion for Reporter — it was the first instance for a 'neutral' umpire in international cricket.
03.09 / 07:39
UPS Provident CEO Platform Dreams social 'Investment of ₹10,000 in 1985 would be now ₹300 crore,' says Uday Kotak
₹10,000 has given him crores of returns. In a post on X platform (formerly Twitter), Kotak wrote, "We are now a pre-eminent bank & financial institution, created on the basic tenets of trust and transparency. We have created value for our stakeholders and provide over 1 lakh direct jobs.
03.09 / 07:03
hospital Congress leader Sonia Gandhi admitted to hospital due to fever, condition stable
Congress Parliamentary Party Chairperson Sonia Gandhi has been admitted to Delhi's Sir Gangaram Hospital with symptoms of mild fever on Sunday. Currently, Sonia Gandhi is under doctors' observation and is currently stable, sources said. Earlier, the Congress leader was admitted to the hospital for treatment of a viral respiratory infection. The former Congress president's recent appearance was at the opposition alliance INDIA meeting held in Mumbai on September 1.
03.09 / 05:23
COST Action Strategy Remark social Sanatana Dharma Remark Row: ‘A genocidal call’, BJP slams DMK minister Udhayanidhi Stalin
remarks on Sanatana Dharma and said that the reality of some people in Tamil Nadu has now come out, according to a report published by the news agency ANI. “Just a few days ago, we organized Kashi Tamil Sangamam, and Lord Vishwanath is commemorated in every village in Tamil Nadu...'Sanatana' is eternal, nothing is going to happen with these political remarks...," Pradhan said. On the other hand, the chief priest of Ram Janmabhoomi Acharya Satyendra Das said that the Sanatana Dharma cannot be eradicated at any cost.
03.09 / 04:55
COST Citi Waters CLAM Shell show Traditional fish markets are a sustainable solution to tackle climate change challenges
It was just after Narali Purnima, when fishing communities make offerings to the sea to mark the start of a new fishing season. Monsoons no longer fit old calendar dates, but fishermen are ready to risk the seas again, to go fishing after the enforced closed season.
03.09 / 04:39
Provident Action Strategy Remark social malaria 'Sanatana dharma is like malaria and dengue..,' Udhayanidhi Stalin's remark sparks huge outcry
ANI. The remarks sparked a significant backlash on social media, with numerous individuals urging for legal action to be taken against the Tamil Nadu minister. BJP's Amit Malviya took to X and slammed MK Stalin adding, “Rahul Gandhi speaks of 'Mohabbat ki dukaan' but Congress ally DMK's scion talks about eradicating Sanatana Dharma.
02.09 / 14:41
UPS Strategy RAI social 2024 INDIA bloc makes additional appointments in newly-formed panels for 2024 polls
INDIA on Saturday made some additional appointments in some of the committees set up at its Mumbai meeting to get battle-ready for the Lok Sabha polls.
02.09 / 12:57
CEO Platform As Uday Kotak resigns, a look back at Kotak Bank's inception and his response to RBI's granting of license
Mumbai: Amid Uday Kotak's unanticipated resignation as the CEO of Kotak Mahindra Bank, three months ahead of schedule, it's an opportune time to revisit the bank's inception in 2003 and Uday Kotak's response to the RBI's granting of a banking license to the then non-bank lender. Kotak Mahindra Bank founder Uday Kotak believed that the approval granted by the Reserve Bank of India (RBI) in 2003 to convert non-bank lender Kotak Mahindra Finance into a bank was a vote of trust. “More than anything else, this is a vote of trust.
02.09 / 12:57
Jet Airways founder Naresh Goyal sent to ED custody till September 11
Canara Bank of ₹538 crore. Goyal was taken into custody on Friday under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central agency's office.
02.09 / 12:49
UPS Booking Man CEO social Uday Kotak: How an outsider built a bank from scratch and made it one of the best
Uday Kotak has stepped down as the Managing Director and Chief Executive Officer of Kotak Mahindra Bank, the bank he started in 1985, which is India's third-largest private lender by market value. «An investment of ₹10,000 with us in 1985 would be worth around ₹ 300 crore today,» Kotak said. That's the measure of the miracle wrought by Kotak. Rarely in the world has such a vast financial services conglomerate come up within one generation.
02.09 / 12:15
FIVE Airlines show creditors Jet Airways owes an undisputed sum of Rs 15,400 crore to creditors out of which Rs 1,254 crore is owed to employees
Jet Airways promoter Naresh Goyal diverted Rs 9.46 crores out of a loan granted by Canara Bank to the airline to his wife, son and daughter, from 2011-12 till 2018-19, a remand application filed by the Enforcement Directorate said. Another Rs 1,152 crore was siphoned off as consultancy expense during those five years and salary expense of Goyal’s residential staff at Delhi and Mumbai was being borne by Jet Airways. ED also said that Goyal diverted Rs 2,547 crore showing a payment to its subsidiary JetLite and then wrote off the amount. The central agency on Friday night arrested Goyal and today produced him before a PMLA court in Mumbai. Amit Agarwal, then Chief Financial Officer of the company told ED during interrogations that these payments were directly approved by Goyal himself. “On being asked by the CFO, Naresh Goyal authoritatively replied that these payments were critical for the functioning of the company and there was no point in asking further questions,” the ED said. “As per the CFO, the finance department had no say about these payments and it was directly approved by Goyal through his secretary,” the agency added. A consortium led by State Bank of India of which Canara Bank is part owes Rs 6,000 crore to the airline which has now been marked as Non-Performing Asset (NPA) after the airline shut business in 2019. Lenders will lose 95% haircut on the recovery of the amount if a consortium manages to restart the airline.
02.09 / 10:27
CEO Action Dreams Matrix Destiny country letter place ‘I stand in a lonely place of being a founder..’: Uday Kotak's resignation letter as MD & CEO of Kotak Mahindra Bank
RBI approval of the proposed successor. In the interim my dear colleague Dipak Gupta - currently Joint MD, will function as MD & CEO, subject to approvals." Kotak mentioned in his post. Uday Kotak attached a letter with his post, a handwritten heartfelt note.
02.09 / 10:27
FIVE ‘Will be govt of poor rather than govt of Adani’: Rahul Gandhi hits out at BJP in poll-bound Chhattisgarh
Rahul Gandhi on Saturday at an event in poll-bound Chhattisgarh hit out at Prime Minister and Bhartiya Janata Party (BJP) leader Narendra Modi regarding the Adani group stock manipulation charges. He said, "India's PM can't make an inquiry on the Adani. Because after the inquiry the loss will not be for Adani but to someone else." Talking about the defeat BJP faced in the Karnataka Assembly elections, Rahul Gandhi said, "Before every election, BJP presents a number.
02.09 / 10:08
MET BLOCK Progressive country NOT They want to take their families ahead, not country: JP Nadda attacks INDIA at 'Meri Maati-Mera Desh' event
BJP national president JP Nadda on Saturday said the parties in the bloc only want to take the political families that they represent forward. Addressing a 'Meri Maati, Mera Desh' programme in Ghaziabad's Krishna Engineering College, the BJP national chief said, «Did you see the ones who gathered in Mumbai yesterday? These are leaders who want to take their families ahead, not the country. Sonia-ji (Congress leader Sonia Gandhi) is worried about his son Rahul-ji (Congress MP Rahul Gandhi) and Lalu-ji (former Bihar chief minister Lalu Prasad Yadav) is worried about his son Tejaswi Yadav (Bihar deputy chief minister).
02.09 / 08:41
Target Celebrity country Opposition bloc INDIA must give proper agenda to country: Shiv Sena (UBT)
INDIA alliance meeting culminated in Mumbai, the Shiv Sena (UBT) on Saturday said the fabric stitched by its constituents will be futile if the opposition bloc does not give a proper agenda to the country. In an editorial in its mouthpiece 'Saamana', the Uddhav Thackeray-led party said the issue of seat-sharing should be resolved peacefully in every state. The INDIA grouping on Friday vowed to contest the 2024 Lok Sabha polls together «as far as possible», asserting seat-sharing arrangements in states will be concluded at the earliest in a «collaborative spirit of give-and-take». As many as 63 representatives from 28 political parties took part in the third meeting of the Indian National Developmental Inclusive Alliance (INDIA) alliance at Grand Hyatt Hotel in Mumbai. The editorial said that the Left and the ruling Trinamool Congress have differences in West Bengal, but the two parties took part in the INDIA alliance meeting. The same is the case in Kerala where the Congress and CPI(M) are arch-rivals. The Aam Aadmi Party has shown its willingness to hold discussions with the Congress in Punjab and Delhi, while there are no major differences in Maharashtra in the Maha Vikas Aghadi (MVA), it said.
02.09 / 08:41
RAI Celebrity country social INDIA bloc to hold country-wide programmes on Gandhi Jayanti, says Nitish Kumar
Nitish Kumar on Saturday said that the opposition coalition INDIA will be holding country-wide programmes on the occasion of Gandhi Jayanti on October 2. Without revealing details of the proposed programmes, the leader of the JD(U), a constituent of INDIA, said that a decision in this regard was taken at the just concluded conclave of the opposition alliance in Mumbai. Kumar claimed that the BJP-led NDA was rattled by the «unity of the opposition» and, therefore, the central government has convened later this month a special session of Parliament, the agenda for which has not been revealed. «We have taken a resolution that the INDIA alliance will celebrate Gandhi Jayanti across the country. »The INDIA alliance has rattled the ruling BJP which has forced the Central government to explore the possibility of holding assembly and national elections simultaneously.
02.09 / 08:29
UPS Citi Digital AXY Customers How Bank of Baroda customers can scan UPI QR code and pay via digital rupee
digital currency available in their digital rupee [CBDC-R] wallet and scan to pay across any UPI QR code. Similarly, merchants need to only display their existing single QR code, which can accept payments in both CBDC and UPI.
02.09 / 06:35
Citi FIVE events Chhattisgarh Assembly Election 2023: Amit Shah, Rahul Gandhi to attend public events in poll-bound state
Rahul Gandhi will address public meetings in poll-bound Chhattisgarh on Saturday where assembly elections are due by the year-end. This is the first time that the events of the two senior leaders belonging to rival parties are coinciding on the same day in the Congress-ruled state ahead of polls. While Shah will attend two functions, one in Raipur and the other at Saraipali in Mahasamund district, Gandhi will address a program of Rajiv Yuva Mitan Club in Nava Raipur – the upcoming new capital city of Chhattisgarh.

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