City Mumbai Financial News

18.08 / 17:27

Provident Covenant tenor emi RBI calls for transparency in EMI reset, penal levies

MUMBAI : Borrowers will soon get to choose whether to pay higher equated monthly instalments (EMIs) or repay their loan over a longer period when banks raise interest rates. They can also expect greater transparency from lenders on penalties if they miss out on repayments. In the first of two circulars issued on Friday, the Reserve Bank of India (RBI) said banks and non-banks should provide individual borrowers with the option to switch to a fixed rate at the time of resetting interest rates.

18.08 / 16:51

UPS Man Action track social Mumbai Mumbai news: Train runs over man who fell on railway tracks after being assaulted by couple | Video

train to stop, but as Dinesh Rathod was struggling to get up, the train ran over him. Mumbai Railway Police has confirmed the incident and based on the CCTV footage has arrested the couple. Avinash Mane and his wife Sheetal Mane will face charges under culpable homicide not amounting to murder, the reports mentioned.

18.08 / 16:17

Citi Target Mumbai Mumbai police issues order banning drones, gliders till September 16

Mumbai police have issued an order banning the flying of drones, remote-controlled micro light aircraft, paragliders, para motors, hand gliders and hot-air balloons in the city's air space till September 16, an official said on Friday. As per the prohibitory order issued on Thursday, violators will be charged under section 188 of the Indian Penal Code, he said.

18.08 / 15:39

beautiful orchestra 'Meticulously maintained': Anand Mahindra lauds Maharashtra Governor's residence

ALSO READ: 'Most beautiful, upscale restaurant in India': Anand Mahindra boasts about his friend's new restaurant in Mumbai Apart from this, Mahindra is also an investor in Indian Accent.

18.08 / 14:07

UPS Provident Digital Strategy Matthews country One Point One Solutions Q1 net grows by 1.42 times to ₹4.32 crore

Mumbai, August 17, 2023: One Point One Solutions, a Business Process Management (BPM) service provider, has reported that its net profit in the June quarter was doubled to ₹4.32 crore as compared with ₹1.79 crore in the year-earlier period, up 141%. Total income during the quarter ended June 30, 2023 increased 14.81% to ₹40.24 crore, as compared with ₹35.05 crore a year ago. EBITDA was at ₹12.81 crore, as compared with ₹8.63 crore in the same period the year earlier, up 48.44%.

18.08 / 13:43

COST UPS FIVE Digital Enterprise country G20 trade and investment ministerial meeting to begin in Jaipur from 24 August

New Delhi: The G20 Trade and Investment Ministerial Meeting will be held in Jaipur on 24-25 August. The meeting will be preceded by the fourth and last Trade and Investment Working Group (TIWG) meeting under India’s G20 Presidency on 21-22 August, the ministry of commerce & industry said.

18.08 / 12:43

Provident Aviat Platform Action Airlines Instagram social Passenger clicks objectionable photos on SpiceJet flight; DCW issues notices to Delhi Police & DGCA

DCW) on Friday issued notices to the Delhi Police and Directorate General of Civil Aviation (DGCA) after a video went viral on a social media platform in which it was alleged that an onboard passenger took objectionable photos of a flight attendant and a woman on a flight from Delhi to Mumbai. The airline in its official statement said, «A passenger seated in the first row of SpiceJet flight SG157 operating from Delhi to Mumbai on 2nd August was found clicking pictures of cabin crew, while she was seated on the jump seat at the time of take-off. The passenger was confronted by the crew members.

18.08 / 12:43

UPS Provident Digital Amazon show services Amazon Data Services, L&T ink over 18-year lease for 4-acre land in Mumbai’s Powai

Amazon Data Services India has picked up a land parcel spread over four acres in Mumbai’s Powai suburb from engineering and construction major Larsen & Toubro through a long-term lease of nearly 18 years. The subsidiary of Amazon is planning to develop a data center on this land parcel for which it will be paying rent of over Rs 562 crore over the total lease tenure excluding the rent escalation. The agreement includes a clause to escalate lease rental by 3% every year.Amazon Data Services India has already paid a security deposit worth Rs 2.40 crore to Larsen & Toubro.

18.08 / 09:19

Provident Man Action Airlines Mobile Mumbai SpiceJet passenger clicks improper photos of air hostess on Delhi-Mumbai flight; DCW takes action

DCW chairperson Swati Maliwal tweeted on Friday. The notice stated that the incident allegedly took place on Spicejet flight No 157 flying from Delhi to Mumbai on August 16. “It is alleged in the viral video that a passenger Was trying to click obscene pictures of a woman flight attendant and his woman co-passenger.

18.08 / 08:52

UPS FIVE track Chennai-Bengaluru train travel to get faster as Railways approves speed increase to 130 kmph

Indian Railways has approved an increase in train speeds between Arakkonam and Jolarpet, reducing travel time between Chennai and Bengaluru, among other destinations. Following upgrades to tracks and signals, trains on this 144-kilometer stretch will now operate at speeds of 130 km per hour (kmph), up from the previous 110 kmph. As per a TOI report, this acceleration is anticipated to cut travel time by approximately 20 minutes.

18.08 / 08:27

Provident Action Fighting Fine Returns NOT 83-year-old woman, not liable to file tax returns, wins case against fine

MUMBAI: An 83-year-old widow, who was not liable to file her IT return, has obtained a favourable order from the income-tax appellate tribunal (ITAT), Delhi bench. The tax tribunal set aside the penalty imposed on her for not filing her tax return. This Gurgaon-based octogenarian who had never filed an I-T return, as she was a homemaker and did not have taxable income, would have understandably been shocked to get a demand of Rs 5,000 — a penalty imposed under (erstwhile) section 271F of the I-T Act for not filing the tax return by the due date. This action was taken in respect of the financial

18.08 / 06:07

Extradition Mumbai 26/11 Mumbai terror attack accused Tahawwur Rana extradition to India soon - here's how

26/11 Mumbai attacks to justice, a US court approved 62-year-old Rana's extradition to India in May. Currently, Rana is detained at the Metropolitan Detention Centre in Los Angeles. Rana, in June this year, filed a “writ of habeas corpus" challenging the court order that acceded to the request of the US government that the 2008 Mumbai terror attacks accused be extradited to India, according to PTI reports.

18.08 / 03:39

Digital CEO SENSEX Adidas stage Bata India continues to 'explore strategic alliances' amid speculations of partnership talks with Adidas

Bata India clarified it 'continues to explore opportunities for strategic alliances' after speculations that it is in talks with footwear giant Adidas for a strategic partnership for the Indian market. A television channel in India had reported on Thursday citing sources that Bata is in partnership talks with Adidas.

18.08 / 03:39

UPS Provident Strategy NIFTY etmarkets ETMarkets Fund Manager Talk-Avoiding weak sectors consistently can help outperform indices: Agreya Capital

MUMBAI — Agreya Capital Advisors believes in creating a portfolio that consists of strong growth sectors/stocks which could help in generating index-beating returns. The portfolio management services provider’s largecap fund has given close to 24% returns over a 1-year period, according to PMS Bazaar data. “We believe that avoiding weak sectors consistently through a process could potentially outperform indices.

18.08 / 03:21

cryptocurrency Forex Women Currencies Indian 1 in 10 Indian women own crypto: Study

Mumbai: Nearly 1 in every 10 women in India have owned cryptocurrency in India, marking the third-highest share globally, a study showed. Women crypto owners stood at 63 million in India as against a female population of about 685 million — a 9.2% share, data from foreign exchange education platform Forex Suggest showed. Vietnam tops the list with 12 million women cryp

18.08 / 02:39

UPS NIFTY Indus Indian Stocks to Watch: RIL, JSW Steel, ACC, PNB, Airtel, Indian Oil

Reliance Industries: Jio Financial Services is being removed from several FTSE Indices for failing to commence trading after 20 business days. A notice shared by FTSE Russell said that the company had also not announced a firm trading date since its inclusion on July 20. The omission will come into effect from August 22.

17.08 / 18:33

UPS CEO Delhi-NCR to see record housing launches in festive season

Delhi-NCR is expected to see a record number of housing-unit launches around the upcoming festive season as multiple developers acquired land in the past six months, seeking to cater to rising demand for homes.DLF, Godrej, L&T, TARC, Signature Global, and County group are among the developers that have planned launches in the second half of the year. According to Cushman & Wakefield, residential launches during the first half were already more than double of the previous year.

17.08 / 18:05

Provident Aviat Aware Metro cover Inside Eight key airports need thousands more in staff

NEW DELHI : India’s swelling airports need thousands of additional security and immigration personnel to avoid the kind of crush witnessed at the beginning of the year, an aviation ministry study found. Just eight airports alone need 3,800 more Central Industrial Security Force (CISF) personnel and 440 more immigration staff, found the study, which covered the metro airports in Delhi, Mumbai, Bengaluru and Chennai, as well as airports in Bagdogra, Indore, Jammu and Srinagar.

17.08 / 18:05

Citi Progressive Aware Action Fallout show country Indian Russia war fallout may hurt Indian diamond exports

MUMBAI : The Indian diamond trade, which produces nine out of 10 of the world’s polished diamonds and employs over 4 million, could face collateral damage from the Russian war. The Group of Seven (G7) nations, an informal bloc of advanced democracies led by the US, is threatening to halt the imports of certain grades of polished diamonds from India that use rough diamonds indirectly sourced from Russia.

17.08 / 17:51

IBC Future resolution Future Retail resolution professional moves NCLT against Kishore Biyani and family alleging fraudulent transaction

Resolution Professional (RP) of Future Retail Ltd (FRL) has filed an application before the NCLT against Kishore Biyani, his brother Rakesh Biyani and eight other entities alleging their involvement in a "fraudulent transaction" in the company. This application «has been filed pursuant to the findings in the report received from Nangia & Co. LLP, which was appointed as 'Transaction Review Auditor' by the RP,» said a regulatory filing from Future Retail Ltd (FRL).

17.08 / 17:13

show Sebi order on Royal Orchid after getting show cause notice reply

Mumbai: The Securities and Exchange Board of India (Sebi) on Thursday said it will pass a final order on the Royal Orchid matter after hearing the hospitality firm. Sebi has requested a response from the company on the show cause notice it issued on 31 March.

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