City Mumbai Financial News

22.03 / 07:43
markets FIVE Platform wellness show beautiful International 25 years of India's fashion week
Subscribe to enjoy similar stories. Next week, Lakmé Fashion Week, in collaboration with the Fashion Design Council of India (FDCI) and Reliance, will mark its 25th anniversary with a five-day showcase, starting 26 March, at Mumbai’s Jio World Convention Centre. Among the highlights will be AK-OK’s opening show, Satya Paul’s first collection under the new creative direction of Abraham & Thakore, and presentations by artisans-turned-designers from Gujarat.
22.03 / 07:27
WhatsApp President innovations L&T elevates Subramanian Sarma as Deputy MD & President
Subramanian Sarma to deputy managing director & president with effect April 2. Sarma was earlier wholetime director & president, Energy. The board also decided to extend his term to February 3, 2028 subject to shareholder’s approval in the upcoming AGM, according to a statement by the company. “Sarma has been instrumental in transforming our hydrocarbon and energy businesses, driving innovation, operational excellence, and global competitiveness,” chairman & managing director SN Subrahmanyan said. A graduate in chemical engineering, Sarma completed his master’s from IIT-Mumbai. He has over 40 years of experience, with 30 years being in the Middle East. He was appointed to the L&T board in August 2015.
22.03 / 06:07
Citizens Aviat Action Airlines trends travelers Supriya Sule slams Air India over delayed flight; airlines cite operational issues
Nationalist Congress Party (SP) MP Supriya Sule criticised Air India over delaying her flight for more than one hour, and urged the Union Aviation Minister Ram Mohan Naidu to enforce stricter regulations to hold airlines accountable. Supriya Sule said that her flight AI0508 was delayed by 1 hour and 19 minutes, noting the continuous trends of delays affecting passengers. «I was travelling on Air India flight AI0508, which was delayed by 1 hour and 19 minutes — part of a continuous trend of delays affecting passengers. This is unacceptable. Urging Hon'ble Civil Aviation Minister Ram Mohan Naidu to enforce stricter regulations to hold airlines like Air India accountable for repeated delays and ensure better service standards for passengers.» Sule wrote on X. In an another post, Sule added that these flights are never on time, affecting professionals, children, and senior citizens with their mismanagement. «Air India flights are endlessly delayed — this is unacceptable! We pay premium fares, yet flights are never on time. Professionals, children, and senior citizens — all affected by this constant mismanagement. Urging the Civil Aviation Minister to take action and hold Air India accountable,» Sule wrote.
22.03 / 03:09
markets Citi FIVE Sustainability trends cover reports EV insurance demand surges 16x in just 3 years, Delhi-NCR leads with 18.3% market share: Report
Policybazaar. The private sector insurer said in a report that the share of insurance policies for EV cars, which stood at a mere 0.50 per cent in FY23, has expanded to 14 per cent in March 2025, standing at 8.2 per cent Observing the evolving trends, Amit Chhabra, CBO of General Insurance at Policybazaar said, «The accelerating adoption of EV insurance signals India's shift toward sustainable mobility. With EV insurance share growing nearly 16-fold in just three years, consumers are not only adopting electric vehicles but also recognizing the need for tailored protection.»
22.03 / 01:53
markets Citi community Trade War symphony The merchant who built Bombay: How David Sassoon shaped a global city
Subscribe to enjoy similar stories. Sassoon Docks, tucked away in the bustling heart of South Mumbai’s Colaba, is a living testament to the city’s maritime soul. Just a stone’s throw from the Gateway of India, it is more than a mere port—it is the fish-scented, beating heart of Mumbai, where history, hustle, and heritage converge in an unforgettable sensory symphony.
22.03 / 01:21
markets COST IPO security Trade stage information NSE shrinks monthslong share transfer process to days ahead of a likely IPO
Subscribe to enjoy similar stories. Mumbai: In a significant step towards the potential listing of India’s largest bourse, the National Stock Exchange of India Ltd will lift a key hurdle that stood in the way of faster transfers of its shares. The stock exchange has informed its shareholders that the existing process for transferring its shares will be lifted on Monday, implying that NSE shares can be credited to a buyer’s account more expeditiously than in the current 2-4 months.
22.03 / 00:17
COST UPS Gap BURST wellness country Maharashtra's new power tariff proposal gives jitters to solar companies
Subscribe to enjoy similar stories. Mumbai: When Maharashtra decided to change how it prices power, the idea was simple: Prepare for an expected burst in solar power in the coming years with a model for its efficient use. However, its solution has worried the industry, which fears disruption in the way it does business and raises the cost of power in the country's fifth-largest solar power state.
21.03 / 12:41
markets UPS Manufacturing CEO exclusive Features polo IPL 2025: Rajasthan Royals, FanCode expand partnership to offer greater access to players, merchandise and more to fans
As per the statement, the collaboration will give fans greater access to the franchise and players, offering behind-the-scenes content and Rajasthan Royals merchandise. “Our fans are the heartbeat of Rajasthan Royals, and we are always looking for new ways to bring them closer to the team. Partnering with FanCode helps us do just that—giving fans more ways to engage, whether through exclusive content, behind-the-scenes access, or official Royals merchandise,” said Jake Lush McCrum, CEO, Rajasthan Royals. FanCode Shop will oversee the end-to-end operations of the team’s official merchandise, including designing, manufacturing, marketing, and distribution. The collection will feature official jerseys, accessories, and a wide range of fan apparel including polos, t-shirts, joggers, and shorts. Special customised jerseys, where fans can get names of their favourite player, or their own name printed will also be made available. This initiative aims to offer fans high-quality, affordable merchandise that reflects the Royals’ vibrant identity. To enhance offline accessibility, a special FanCode Shop kiosk will be set up at WTP Mall in Jaipur, where a dedicated ‘Royals Corner’ will allow fans to explore and purchase official team merchandise in person. In-stadia sales across Guwahati and Jaipur, where Rajasthan Royals play their home matches, will also be facilitated by FanCode Shop.
21.03 / 12:15
Platform security Death How you can get a loan against an insurance policy
Subscribe to enjoy similar stories. MUMBAI : Traditional insurance policies have a fixed maturity period. Until these policies mature, policyholders cannot withdraw funds.
21.03 / 12:15
UPS film Instagram show social Features Videos What does female rage look like?
Subscribe to enjoy similar stories. In her latest show, Divine Feminine, stand-up comedian Prashasti Singh remarks, “Bolti aurat kisi ko pasand nahin aati (nobody likes a woman with a voice)." Throughout her hour-long performance, her body language and sharp lines channel rage at a world that reduces women to potential wives or “crazy" spinsters. Women in the audience roar with laughter, cheering her; men chuckle at regular intervals.
21.03 / 11:25
Parke awards wellness Department Courts Traffic Lok Adalat on March 22 in Maharashtra: Chance to get your pending traffic challans waived off and resolution for other legal issues
Maharashtra State Legal Service Authority (MSLSA) is organising a Lok Adalat in the state tomorrow, March 22, 2025, in Mumbai and also across all the other three benches of the Bombay High Court, namely Nagpur, Aurangabad, and Panaji (Goa), from 10 am onwards. In addition to this, these Lok Adalats will also be conducted across all Maharashtra state district courts and family courts. Daman and Diu also have their Lok Adalat scheduled for tomorrow.
21.03 / 09:45
FIVE WhatsApp International CBI arrests senior GM of Power Grid Corporation of India for allegedly taking Rs 2.5 lakh bribe
Power Grid Corporation of India, for allegedly taking a bribe of Rs 2.5 lakh from an executive of Mumbai-based KEC International to extend favours to the company, officials said on Friday. Kumar, posted in Rajasthan's Ajmer, was arrested on Thursday along with Suman Singh of KEC International in Sikar where both had agreed to meet for alleged exchange of the bribe amount, they said.
21.03 / 08:29
Booking Strategy Food social concert travelers diving The scarcity theatre playing out in restaurants today
Subscribe to enjoy similar stories. I have never eaten at Papa’s in Bandra, Mumbai, the 12-seater chef’s table run by chef Hussain Shahzad that was recently named one of Time magazine’s World’s Greatest Places 2025, but during a recent visit to Veronica’s, above which Papa’s is perched like a secret little hidey-hole, I did get a tour of the space. It was mid-morning, and the chef was prepping for the 13-course dinner he serves Wednesday through Saturday.
21.03 / 07:39
Cooper WhatsApp information testing Courts New India Coop Bank case: Accused Hitesh Mehta to undergo brain-mapping test
Mehta, the bank's former general manager and head of accounts, underwent a polygraph test, also called a lie detector test, last week at the Forensic Science Laboratory (FSL) in Mumbai's Kalina area. However, the result was deceptive and did not yield more concrete information about the use of the fund and the role of other accused persons, he said.
21.03 / 00:47
markets UPS security Election War Street has a spring in the step, but no bottom yet
Subscribe to enjoy similar stories. Mumbai: Stock market indices have pulled back from the lows of early March, but veterans on the Street do not believe the market has bottomed out yet. The reason: Persistent selling by foreign portfolio investors (FPIs), who have dumped Indian shares for six straight months through March.
21.03 / 00:47
markets UPS Target Digital Platform social reports Fake job postings on social media leave India Inc. worried
Subscribe to enjoy similar stories. Mumbai/New Delhi: A fake job post on LinkedIn forced Nestlé India Ltd chairman and managing director Suresh Narayanan to debunk the scam. The menace, however, is far bigger, as multiple companies have reported such sham advertisements.
20.03 / 17:37
markets Provident Platform Parke Matrix show exclusive Puravankara Chairman buys office space in Mumbai’s Andheri for Rs 242 cr
Puravankara Ltd, bought Rs 242.1 crore worth of commercial properties totalling more than 104,000 sq ft carpet area in Mumbai’s western suburb Andheri from Rockfort Estate Developers, an HLV Group promoter company. The transaction, concluded on Wednesday, includes a dozen commercial units on the 7th, 8th, and 9th floors of commercial complex Business Park 2 in Marol locality of the suburb. The company had to pay a stamp duty of around Rs 14.5 crore to register the deal. The acquisition provides Puravankara with exclusive access to over 135 car parking slots in the commercial complex, showed documents accessed through data analytics platform CRE Matrix.
20.03 / 09:31
Art awards WhatsApp information Sculptor Ram Sutar to get Maharashtra Bhushan award: CM Devendra Fadnavis
Ram Sutar has been chosen for Maharashtra Bhushan, the state government's highest civilian award, Chief Minister Devendra Fadnavis informed the legislative assembly on Thursday. Sutar, who turned 100 last month, is a Padma Bhushan awardee and has designed the Statue of Unity which is the world's tallest statue with a height of 182 metres. Fadnavis said the decision to honour Sutar with the highest civilian award of the state was taken unanimously by a committee headed by him on March 12. «He is a centenarian but is still working on the Ambedkar statue at the Indu mill memorial project in Mumbai,» he said. The award comprises Rs 25 lakh and a memento. Sutar, who works with his son Anil, has been associated with many major projects like the Statue of Unity, the 251-metre tall statue of Lord Ram at Ayodhya, 153-feet high statue of Lord Shiva in Bengaluru and a 100-feet tall statue of Chhatrapati Sambhaji Maharaj at Moshi in Pune.
20.03 / 08:37
markets Provident CEO Sony Trade Experts recommendations Nifty crosses 23,000 mark after a month: Should mutual fund investors stay invested or rebalance?
Nifty 50 crossing the 23,000 mark once again after a month, a mutual fund expert recommends that for investors looking for long-term wealth creation and have a stomach for equity market volatility, large and midcap funds / multicap funds / flexicap funds would be a good bet. “Large and mid-cap funds, multi-cap funds, or flexi-cap funds — for investors looking for long-term wealth creation and who can stomach equity market volatility, these funds would be a good bet, as they provide a portfolio mix across market capitalizations that helps reduce the impact of sharp gyrations in any particular segment of the market,” says Suresh Soni, CEO of Baroda BNP Paribas Asset Management. The expert also recommends that for such investors, where the recent 10% drop has brought the realization that equity investments can go up and down, but who still want a core of equity holdings for its status as the best-performing long-term asset class in India, hybrid equity schemes or balanced advantage funds would definitely be something to carefully consider. And for investors who believe in the dictum, “Don’t put all your eggs in one basket,” a diversified mix of multiple asset classes with low correlation to each other may be a preferred option.
20.03 / 07:45
markets UPS economy Sustainability Trade President Bears bail as inflows boost Indian rupee to near two-month high
Indian rupee hit a near two-month high on Thursday, boosted by dollar sales by foreign banks and the culling of bearish wagers as seasonal inflows propped up the currency. The rupee touched a high of 86.2075, its best since January 24, marking a 1.2% appreciation over the past seven trading sessions. The currency was last quoted at 86.29, up 0.2% on the day.
20.03 / 06:47
markets Reuters Career CEO Airlines Boeing show Akasa’s ambitions face risk as Boeing’s delays create turbulence, leave pilots idle
Akasa Air, with top executives privately criticising Boeing for delayed plane deliveries and scrambling to assuage hundreds of anxious pilots who remain idle without work. Troubles at Akasa, backed by an Indian billionaire's family, are among the starkest examples of how Boeing's woes are crippling airlines globally and having a ripple effect on their planned expansions. The Mumbai-based low-cost airline, which started operations about three years ago, has a fleet of 27 planes, but has 226 jets — all Boeing 737 MAXs — on order. Deliveries have been delayed as Boeing's 737 programme faced regulatory scrutiny after a mid-air cabin panel blowout last year and suffered from the effects of a seven-week workers' strike.

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