City Mumbai Financial News

20.08 / 18:17

UPS Assurant Deal Out-of-court deal ends Murugappa family feud

MUMBAI : Three years after Valli Arunachalam, a New York-based nuclear scientist and daughter of former Murugappa Group chairman M.V. Murugappan, levelled gender discrimination allegations against the boards of the group’s firms, the estranged family members reached an out-of-court settlement, the terms of which remained undisclosed.

20.08 / 18:17

IPO FIVE SUN Exodus show star Retail buyers dump LIC, Nykaa, others

MUMBAI : A clutch of companies that eroded billions in shareholder wealth since their public listing has seen an exodus of retail shareholders, a Mint analysis of exchange data showed. At least 2.2 million retail shareholders, 73 large foreign institutional investors (FIIs), and 22 mutual funds sold shares of 12 large companies, including Nykaa (FSN E-Commerce Ventures Ltd), Life Insurance Corporation (LIC) of India and Paytm (One 97 Communications Ltd), since their initial public offerings.

20.08 / 17:49

Mobile performer What is the taxation on rental income?

I want to rent out my 1-bhk house and plan to move into a 2-bhk apartment taken on a higher rent. What will be the tax implication on this? —Name withheld on request The taxability of income earned by you from let-out residential house property and the tax deductions available towards rent paid, are dealt under separate provisions, under the Indian income-tax laws.

20.08 / 17:09

COST UPS film Actor star BoB to auction Sunny Deol’s Juhu property to recover ₹56 cr

Bank of Baroda (BoB) has decided to auction actor Sunny Deol’s property in Juhu to recover ₹56 crore. In an auction notice put out in newspapers, a week after the release of the actor’s movie Gadar 2, the bank has named Ajay Singh Deol, alias Sunny Deol—a member of parliament—the borrower and guarantor, along with brother Bobby and father Dharmendra as guarantors. The bank has set 25 September as the date for the e-auction, bids for which have to be submitted by 5 pm on 22 September.

20.08 / 17:09

COST UPS Extreme Celebrity country end End of diet curbs may fuel poultry price

NEW DELHI : After vegetables, poultry products including eggs and chicken are expected to see a sharp rise in sales and, consequently, prices starting September -- following the two-month-long Shravan restrictions. Hindus in parts of northern and western India follow dietary restrictions during the Shravan period.

20.08 / 17:09

COST UPS BLOCK show exclusive Mumbai SBI eyes Mumbai flats for execs

₹500 crore to house executives, underscoring how state-run banks offer generous perks to compensate for differences in remuneration with private sector rivals. India’s largest lender has called for applications from architects interested in the project. They will be selected through a design competition.

20.08 / 16:55

Progressive Assurant awards social Ratan Tata an institution: CM Shinde, says industries in Maharashtra main strength of growth engine

Maharashtra Chief Minister Eknath Shinde on Sunday hailed industrialist Ratan Tata, the first-ever recipient of the 'Udyog Ratna' award instituted by the state government, as an «institution». Shinde also said industries in Maharashtra are the main strength of the growth engine. He was speaking at the Udyog Puraskar 2023 distribution ceremony where he praised Ratan Tata.

20.08 / 16:29

FIVE country Mumbai Logo of opposition INDIA alliance likely to be unveiled during its upcoming Mumbai meeting

INDIA alliance is likely to be unveiled during the front's meeting in Mumbai on August 31 and September 1, sources said on Sunday. Approximately 80 leaders from more than 26 political parties are expected to attend the third meeting of the INDIA alliance in the country's financial capital, they said. At present, 26 parties are part of the grouping and a few more are set to join the alliance during the two-day meeting, the sources added.

20.08 / 13:17

Citi Remark show performer country cover Indian Record-breaking demand and supply drive Indian real estate market’s remarkable revival

India’s real estate started its upwards journey post the Covid-19 mayhem in 2021 itself. By the end of 2022, the country’s second largest employment generating sector had gained momentum as reflected in key performance indicators, as buyer sentiment vis-à-vis the sector changed in the aftermath of the pandemic. In that sense, the year 2023 started on a firm footing for the sector that contributes greatly to India’s overall growth.

20.08 / 12:35

COST UPS Citi Siemens Mumbai Adani to invest ₹2,000 crore to build 2 transmission lines in Mumbai for green energy

₹1,700 crore debt from international lenders for the projects being executed by its parent Adani Transmission. "We will be investing more than ₹2,000 crore for this, of which ₹1,700 crore will be debt-funded," the official said, adding the project also includes setting up a 400-kV substation which will raise the transmission capacity by 1,500 mw, as the company expects the peak demand for the megapolis to cross 5,000 mw mark by FY25 from around 4,000 mw now.

20.08 / 10:29

COST Actor Ballard social Bank of Baroda puts actor Sunny Deol's property on auction for loan dues of Rs 56 cr

Bank of Baroda (BOB) has put actor Sunny Deol's Mumbai property on e-auction for failing to pay back a loan of about Rs 56 crore and interest on that. In the newspaper advertisement — that has been widely circulated in the social media- BOB has said borrower Ajay Sing Deol alias Sunny Deol owes the bank about Rs 55.99 crore plus interest and cost from December 26 onwards less recovery upto date. Newspaper advertisement had used actors real name, Ajay Sing Deol.

20.08 / 09:31

Man Progressive Indian Mumbai Indian Passenger arrested with ₹15 crore worth of Cocaine at Mumbai airport

₹15 crore at the Chhatrapati Shivaji Maharaj International Airport in Mumbai on Sunday. THE DRI official recovered 1,496 grams of a white powder, purported to be cocaine. The value of the drug is said to be approximately ₹15 crore in the illicit market.

20.08 / 04:09

UPS FIVE ETF track country Latin US ETF market ushers in active investing in India, Brazil stocks

Brazil and India as the markets least vulnerable to the turmoil in emerging markets now have the opportunity to buy stocks in those countries via actively-managed exchange-traded funds. The Global X Brazil Active ETF and Global X India Active ETF both launched Friday amid increased clamor for Brazil as it embarks on interest-rate cuts and for India as it overtakes China as the world’s fastest growing major economy.

19.08 / 16:19

UPS Waters Mumbai Beware of jellyfish and stingrays! You can get stung by one on Mumbai's Juhu beach

In the wake of recent incidents of jellyfish sting at Juhu beach in Mumbai, the Brihanmumbai Municipal Corporation (BMC) on Saturday,, issued an advisory for people to take precautions while venturing into the sea. After a few incidents were reported earlier, officials from the fisheries department and senior civic officials visited the beach in the western suburbs. Moreover, caution boards were put up at various locations to warn people of the sea creature, an official told PTI.

19.08 / 10:49

UPS Target FIVE Man country Uttar Pradesh CM Yogi Adityanath inspects Ram Temple construction in Ayodhya

Also read: 'PM Modi govt, UP CM Yogi Adityanath are on target': Mumbai's traffic control room receives threating messages Following this, the Chief Minister conducted an inspection of the ongoing construction work at the Ram Janmabhoomi complex and will actively participate in other scheduled events. Subsequently, after spending a duration of two hours in Ayodhya, CM Yogi will make his way back to Lucknow.

19.08 / 10:49

CEO Platform Remark awards country Mumbai Maharashtra: Ratan Tata conferred with ‘Udyog Ratna’ award by Chief Minister Eknath Shinde in Mumbai

Tata Sons at his residence in Colaba, south Mumbai, by Chief Minister Eknath Shinde, along with Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar. This recognition comprised a shawl, a citation, and a memento from the Maharashtra Industrial Development Corporation (MIDC). Also read: Ratan Tata dismisses rumours, says ‘have no associations with cryptocurrency of any form' Following the presentation, Shinde stated that honouring Tata as the 'Udyog Ratna' has elevated the prestige of the award.

19.08 / 09:39

awards country Maharashtra: Industrialist Ratan Tata conferred with 'Udyog Ratna' award

industrialist Ratan Tata was on Saturday conferred the first ever 'Udyog Ratna' award instituted by the Maharashtra government. The award was presented to the 85-year-old chairman emeritus of Tata Sons by Chief Minister Eknath Shinde and Deputy CMs Devendra Fadnavis and Ajit Pawar at the industrialist's home in Colaba, south Mumbai.

19.08 / 06:37

Provident Waters Platform Photography Nestle Marvell beautiful Mumbai World Photography Day 2023: History, significance and some scenic spots to take pics in Delhi and Mumbai

World Photography Day reminds us of photography's ever-expanding role in our lives. This day provides photographers worldwide with a platform to showcase their work, exchange ideas, and advocate for the importance of photography. If you happen to be in Delhi or Mumbai, there are some fantastic locations that offer ideal settings for capturing captivating photographs. World Photography Day is a momentous occasion where individuals engage in discussions and participate in events that highlight the craft of photography. Photography has become an essential element in modern communication, journalism, advertising, and artistic expression.Delhi's Picturesque Spots:

19.08 / 04:23

Art Racing Celebrity performer stage rock Time 2024 Mumbai Lollapalooza music festival set to rock Mumbai for the second time in January 2024

music festival Lollapalooza will return to India with its second edition, set to be held in January 2024, the organisers announced Friday. The music festival will take place on January 27 and 28 at the Mahalaxmi Race Course here, a press release stated.

19.08 / 02:33

Citi Art Waters Photography beautiful Mumbai World Photography Day: Here's some picturesque places in Delhi, Mumbai for photography

World Photography Day, people engage in several activities like engaging in photography-related discussions and participating in events that showcase the art and craft of photography. It is an integral part of modern communication, journalism, advertising, and artistic expression. 1.

18.08 / 17:27

Target Digital country social moody’s Moody’s keeps India’s ratings but cites debt, political risks

MUMBAI : Moody’s Investors Service on Friday affirmed India’s long-term local and foreign-currency issuer ratings at Baa3 and retained the stable outlook while flagging risks from the country’s “high debt burden" and curbs on political dissent. The current rating of Baa3 and stable outlook, Moody’s said, also consider a “curtailment of civil society and political dissent, compounded by rising domestic political risk".

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