City Mumbai Financial News

Shinde on Friday defended the 'one nation, one election' proposal, stating that it would save public money. Speaking to reporters ahead of a meeting of the BJP-led NDA here, he said the Opposition's INDIA alliance was made up of those who are full of hatred for Prime Minister Narendra Modi and can not decide on a leader. «The Election Commission of India had to spend Rs 10,000 crore on the 2019 general elections.

Parle G is still going strong. This iconic product, for its ubiquity as well as longevity, can serve as a viewpoint to tell several stories — how a product ticks all the boxes to become so popular with the masses and remains so for long; how India's vast poor population has been a large consuming class too that supports big FMCG companies; how the long-held popularity of Parle G points at India's largest consuming classes remaining massed at the bottom as India failed to lift them out of poverty for long; and how the premiumisation of Parle G indicates Indians gaining more spending power. Yet, the most memorable Parle G story remains of a humble biscuit that became the most loved food item of modern India, defying shifting fashions of taste and divisions of class.From Gavaskar to migrant labourers Legendary cricketer Sunil Gavaskar had a weakness for Parle G biscuits and loved to eat them with his tea or coffee.

INDIA bloc in Mumbai, Congress Parliamentary Party Chairperson Sonia Gandhi on Friday left for the national capital. Earlier in the day, the constituent parties in the Opposition INDIA alliance on Friday decided to contest the 2024 Lok Sabha election together «as far as possible», said the alliance's resolution taken during its third strategic meeting being held in Mumbai. «We, the INDIA parties, hereby resolve to contest the forthcoming Lok Sabha elections together as far as possible. Seat-sharing arrangements in different states will be initiated immediately and concluded at the earliest in a collaborative spirit of give-and-take,» said the resolution. The resolution also said that the parties will «organize public rallies at the earliest in different parts of the country on issues of public concern and importance». INDIA alliance also decided to coordinate among themselves on political communication and media strategies and will campaign with the theme 'Judega Bharat, Jiteega India' in different languages. «We, the INDIA parties, hereby resolve to coordinate our respective communications and media strategies and campaigns with the theme in different languages,» the resolution said. Earlier speaking at the INDIA alliance meeting Congress President Mallikarjun Kharge warned that the alliance leaders should be prepared for more attacks from the various agencies of the government. «We should be prepared for more attacks in the coming months, more raids and arrests due to this government's vendetta politics.

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general elections. Alka Lamba had said, “In the three-hour-long meeting, Rahul Gandhi, Kharge ji, KC Venugopal and Deepak Babaria ji were present. We have been asked to prepare for the upcoming Lok Sabha elections.

Mumbai recorded its best decade in the number of property registrations in August as it saw higher contribution by units priced over Rs 1 crore, a report on Thursday said. The city saw over 10,550 properties being sold in the month, a 23% year-on-year increase, and collected over Rs 790 crore in stamp duty, which rose by 22%, totaling Rs 7,242 crore in the first eight months of 2023, said the Knight Frank India report.

Global funds purchased $1.6 billion of Indian shares on a net basis last month through Aug. 30, according to the latest exchange data compiled by Bloomberg.

₹59,296 in the domestic market. Around 9.06 a.m., MCX Gold for October 5 delivery traded 0.11 per cent lower at ₹59310 per 10 grams.

NEW DELHI, MUMBAI : Viacom18 Media Pvt. Ltd, a unit of Reliance Industries Ltd (RIL), secured the media rights for all bilateral cricket matches to be played in India during the next five years for ₹5,963 crore through the e-auction conducted by the Board of Control for Cricket in India (BCCI) on Thursday. The RIL-run broadcaster outbid Sony Pictures Networks India across digital and television, while the third bidder, Disney Star, placed just a couple of bids, according to two people familiar with the development.

MUMBAI : The once-booming startup ecosystem in India is facing a much more severe job crisis than expected. According to staffing firms and headhunters, lay-offs at new-age businesses are estimated to be at least three times higher than publicly disclosed. In the past 24 months alone, more than 1,400 companies have handed out pink slips to around 91,000 employees.

Zee Entertainment Enterprises Ltd (ZEEL) on a plea by IDBI Bank requesting initiation of insolvency proceedings against the company. IDBI’s plea is after the bank is unable to recover unpaid dues of around ₹150 crore. The Tribunal instructed both parties to submit replies and rejoinders, acknowledging that the case requires consideration.

all-India House Price Index (HPI) rose by 5.1 per cent in the April-June quarter of 2023-24 as compared with 3.4 per cent a year ago, according to data released by the Reserve Bank of India on Thursday.

INDIA alliance on Thursday said they have come together to save the Constitution and the democracy in the country, and would evolve a common program as they prepare to take on the ruling Bharatiya Janata Party. A two-day meet of the Indian National Developmental Inclusive Alliance (INDIA) is being held at Grand Hyatt hotel here. Former Bihar chief minister Lalu Prasad Yadav said the need of the hour is to strengthen the unity and sovereignty of the country, and protect the Constitution and democracy.

Supreme Court on Thursday questioned one of the convicts in the Bilkis Bano gangrape case and the murder of seven of her family members during the 2002 Gujarat riots for depositing the fine imposed on him when the hearing on the pleas challenging his remission was underway before it. Senior advocate Sidharth Luthra, appearing for convict Ramesh Rupabhai Chandana, told a bench of justices BV Nagarathna and Ujjal Bhuyan that convicts have approached the trial court in Mumbai and have deposited the fine imposed upon them. «Does non deposit of fine has a bearing on the remission? Did you apprehend that non deposit of fine would have a impact on the merits of the case. First you ask for permission and now without permission you have deposited,» the bench said. Responding to the court's query, Luthra said non-deposition of fine does not affect the decision on remission but he had advised his clients to deposit the fine to «reduce the controversy». «According to me, this has no legal consequence. But since the argument was raised...To reduce the controversy, we have deposited now,» he said. The submission assumes significance as one of the PIL petitioners, challenging the remission granted to convicts, has argued that their premature release is illegal as they have not served their sentence in entirety.

Devendra Fadnavis on Thursday called the opposition bloc INDIA an “agenda-less” alliance and said its only aim is to unseat Prime Minister Narendra Modi, while state BJP chief Chandrashekhar Bawankule called it a “pack of animals”. As many as 63 representatives from 28 political parties will attend the meeting of the Indian National Developmental Inclusive Alliance (INDIA) on Thursday and Friday at Grand Hyatt Hotel in Mumbai. Speaking to reporters, Fadnavis said, “INDIA alliance is agenda-less. Their only agenda is to remove Modi from his post.” “Once Modi finds a place in people's minds, not 36 but even if 100 parties come together, they cannot remove him.

"Just before the leaders of G20 are coming here, they are going to be asking what is this special company that is owned by a gentleman close to the PM and why is it in an economy like India this gentleman is being given a free ride?": Congress MP Rahul Gandhi on Adani group row, in Mumbai

Vistara Airlines, a joint venture of Tata Sons Private Limited and Singapore Airlines Limited (SIA), will be launching its second daily flight service to Mumbai from the state capital on September 1, the Thiruvananthapuram International Airport Ltd (TIAL) said on Thursday. The new flight service would depart from Thiruvananthapuram at 8.30 AM and reach Mumbai at 10.45 AM, TIAL said in a statement. The return flight would leave Mumbai at 8.25 PM and reach here at 11 PM, it said. The flight will operate from the domestic terminal (T1) at Shanghumugham, the statement said. «The convenient timing of the flight provides connection to various domestic points and also to/from international destinations including Europe, UK, US, Middle East and South-East Asia.

Lok Sabha elections. Sushil Kumar Modi has raised concerns about the alliance's ability to dent the prospects of the BJP in the upcoming elections. The Bharatiya Janata Party (BJP) leader and Rajya Sabha MP has pointedly questioned the unity within the alliance, highlighting the absence of Aam Aadmi Party (AAP) leader Arvind Kejriwal's photo on the alliance's promotional posters, which prominently feature Congress leader Rahul Gandhi.

Zee Entertainment Enterprises Limited (ZEEL) in a plea by IDBI Bank to initiate insolvency proceedings against the company. IDBI Bank, in its plea, said it was unable to recover unpaid dues of around ₹150 crore from Zee. The tribunal instructed both parties to submit replies and rejoinders, acknowledging that the case requires consideration.

BJP on Thursday slammed the opposition INDIA bloc as a «selfish alliance» aimed at promoting and protecting the interests of families at the helm of its member parties. With 28 opposition parties meeting in Mumbai to give concrete shape to their agenda against the BJP, the ruling party's spokesperson Sambit Patra said the Congress' «missile» will never launch as it has no fuel. The BJP's Chandrayaan will successfully land for a third time in the 2024 Lok Sabha polls as it is fuelled by development, he told reporters, drawing an analogy with the country's historic lunar exploration mission. «The CMP (common minimum programme) being discussed in the INDIA alliance is, in fact, all about having „corruption's maximum profit“ as all these parties together represent scams worth over Rs 20 lakh crore,» he alleged. Their other aim is to deliver a blow to the stable and pro-development dispensation running under Prime Minister Narendra Modi's leadership, he added. Patra said the opposition's attempt to come together is a game of musical chairs and that these parties engage before every election against the BJP even though their own alliance is marked by mutual fight and one-upmanship over who will be the prime ministerial face. This «ghamandia alliance» is a selfish grouping, he said, alleging that leaders like Sonia Gandhi and Lalu Prasad Yadav are more likely to be driven by the future of their children in politics than the country's development. Their goal is «maximum parivarvaad», he claimed.

Beyond Business Leader of the Year award category. During the final segment of the ETPrime Women Leadership Awards (ETPWLA) Grand Felicitation Ceremony held in Mumbai on August 4 — which marked the culmination of the six-month-long ETPWLA 2023 programme — Dr.