City Mumbai Financial News

two-wheeler showroom here early on Thursday morning, a police official said. The fire broke out around 5 am at the showroom located near the national highway (NH-16) and raged for about 90 minutes, the police official added. «The fire accident occurred when new vehicles were being unloaded from a truck which came from Chennai,» Vijayawada Central ACP P Bhaskar Rao said and added that the loss could be around Rs 4 crore, as per preliminary estimates. Five fire engines were deployed to douse the blaze as a result of which as many as 200 vehicles could be saved, he said. No police complaint has been lodged yet, he added. Police are yet to ascertain the cause of the accident, he said, adding there was no loss of life or injuries. Meanwhile, the situation is under control and the fire has been completely doused, Rao said, adding the owner of the showroom is estimating the loss.

₹600 crore as part of the probe. The I-T department carried out raids on Kalpataru Group across 30 locations in Mumbai, Gujarat and Rajasthan on August 4, according to a report by Business Today.

₹7, 693.17 crore were assessed," the ministry of commerce & industry said. Dawra stressed the importance of utilising the GatiShakti National Master Plan portal and adopting the 'whole of government' approach for infrastructure planning and execution. She emphasized upon the critical importance of the projects in terms of connectivity to economic and social nodes of the area and accentuated on following an area development approach.

Spykar launches its campaign that turns tradition on its head. Spykar introduces the ‘Rakhi Hamper’, a curated gift set designed for sisters to surprise their brothers. The campaign, titled #ThreadsOfLove, captures the essence of the brother-sister bond while embracing innovation and gestures.

Rapid urbanization, an influx of job opportunities, and the transformative rise of economical home options have amplified Bhiwadi as one of the top investment locations in the National Capital Region (NCR). Located on the Rajasthan-Haryana border, Bhiwadi is a well-planned city that is easily connected to Gurugram through NH-8 and is located at a mere 45-minute distance from the Millenium city. The city is known for its systematic and meticulous town planning, divided into three belts — industrial zone, commercial zone, and residential zone. Oftentimes, it has been credited as a new growth vortex shining as a beacon of hope in terms of growing urbanization, industrial development, and rise of residential real estate with the emergence of affordable housing and plot settlement options compared to cities like Dharuhera, Manesar, and New Gurugram, etc.

Business Standard, the tax department is mulling over the reduction of days to 10 from the current 16 days. The report says that the new timeline is expected to be implemented during the current fiscal year. Mint could not independently verify the development.

₹54,300 and ₹59, 220 respectively. Gold prices moved up in the domestic futures market on August 23. MCX Gold for October 5 series traded 0.07 per cent higher at ₹58863 per 10 grams around 12:09 pm.

The numbers tell the story. Just before the pandemic, India was spending a paltry 1.2 trillion rupees ($15 billion) on research and development. Since at least 1995, R&D expenditure has remained stuck at around 0.7% of gross domestic product, with less than two-fifths of it coming from the private sector.

MUMBAI/NEW DELHI (Reuters) -India is expected to ban mills from exporting sugar in the next season beginning in October, halting shipments for the first time in seven years, as a lack of rain has cut cane yields, three government sources said. India's absence from the world market would be likely to increase benchmark prices in New York and London that are already trading around multi-year highs, triggering fears of further inflation on global food markets. "Our primary focus is to fulfill local sugar requirements and produce ethanol from surplus sugarcane," said a government source who asked not to be named in line with official rules.

Nationalist Congress Party (NCP) president Sharad Pawar, Uddhav Thackeray who heads his own faction of the Shiv Sena and Congress leaders on Wednesday held a meeting of the Maha Vikas Aghadi (MVA) in order to fine tune preparations for the INDIA Bloc meet. The anti-BJP coalition called INDIA will see opposition leaders coming to Mumbai on August 31 for a two-day meet. The meeting was mainly held on the issue of travel arrangements and logistics for the visiting opposition leaders.

Mumbai: Developing the company’s culture while working remotely, accepting that the pandemic has changed the expectations of a multi-generational workforce, and tapping the next generation of leaders are some issues India Inc. is grappling with. Global training and development company Dale Carnegie’s global president and CEO Joe Hart explains in an interview given to Mint how firms in India are navigating people challenges, which now includes concerns around artificial intelligence (AI) and job security.

foldable smartphones registered 150,000-plus pre-orders. “This gave us almost ₹1,500 crore with pre-booking of our latest foldable smartphones…this meant a growth of 1.5x in the number of units we sold in pre-booking this year, over last year’s foldable phone sales," Pullan added. The year 2023 is also the first time when both of Samsung’s most recent generation foldable smartphones were manufactured at the company’s Noida assembly plant.

MUMBAI : Muthoot Fincorp Ltd (MFL), flagship company of Muthoot Pappachan Group, on Wednesday said its new digital financial pla-tform Muthoot Fincorp One will introduce insurance, personal loans, two-wheeler, and housing loans in six months. Muthoot Fincorp One has reported over 20,000 daily transactions, and over 200,000 app downloads.

Mumbai: Vegetable prices have started softening and will see an appreciable slowdown from September, according to Reserve bank of India governor Shaktikanta Das. Delivering the key note address at the Lalit Doshi Memorial Lecture, Das said that the outlook for cereal prices has brightened, thanks to supply side interventions. Das also said that even though core inflation remains high, the steady easing seen in the last few months indicates that monetary policy transmission is happening.

cessed buildings owned by the Life Insurance Corporation of India (LIC) in Mumbai, the Housing Minister of Maharashtra Atul Save has directed the Maharashtra Housing and Area Development Authority (MHADA) to issue notices to the LIC. These notices will be issued under the newly introduced section 79 (A) of the Maharashtra Housing and Area Development Act, 1976. The new section deals with the redevelopment of cessed buildings that are declared as dangerous by the Municipal Corporation of Greater Mumbai (MCGM). These 68 buildings have a total 1,764 tenants across 39 such buildings in South Mumbai’s Fort area, 18 in Girgaon, 8 in Dadar and 3 in Matunga locality.

vegetable prices that caused an alarming spike in the latest monthly consumer inflation assessment should start easing next month following the arrival of fresh crops and join the broad directional trend on core inflation, Reserve Bank of India Governor Shaktikanta Das said Wednesday, but higher-than-mandated prints for the price gauge have lengthened the odds on a rate cut through the latter half of FY24. «On the positive side, inflation excluding food and fuel (core inflation) has softened by around 130 basis points from its recent peak. Although it is still elevated at 4.9 per cent, this steady easing of core inflation indicates tight monetary policy is working,” Governor Das said while delivering the Lalit Doshi Memorial Lecture in Mumbai.

August 23rd, 2023, MUMBAI – Nucleus Office Parks (“Nucleus"), which manages an industry leading portfolio of over 20 million square feet of Grade A commercial assets in India, hosted its second annual Environmental, Social, and Governance (ESG) Summit. More than 170 real estate and policy experts from leading organizations including Harappa Education, Infosys, Schneider Electric, Cushman & Wakefield, Cyril Amarchand Mangaldas, and Deloitte Consulting, gathered under the theme of “Staying Ahead of the ESG Curve" to share best ESG practices.

ICC Men’s Cricket World Cup 2023. With unwavering confidence, we anticipate a seamless ticketing experience, aimed at offering fans unobstructed access to the thrilling on-field encounters.

Ampverse plans to set up a gaming studio in India and scale up its local team, a senior company official said. Ampverse cofounder and chief strategy officer Charlie Baillie told PTI that the company will operate through a joint venture formed with DMI Finance. «Content is a big part of our business.

MUMBAI/NEW DELHI : India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years, as a lack of rain has cut cane yields, three government sources said. India's absence from the world market would be likely to increase benchmark prices in New York and London that are already trading around multi-year highs, triggering fears of further inflation on global food markets. Mint reported about this development first on 02 June this year.

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