City Mumbai Financial News

Mumbai: Inflation is set to average “well above" 6% in the second quarter, according to the RBI’s August bulletin published on Thursday. “The incidence of supply shocks is not over—elevation in vegetable prices has extended into the first half of August.

online gaming and Rs 200-400 on over-the-top (OTT) platforms, according to a report by technology and policy think tank Esya Centre. Published in a working paper of IIM Ahmedabad, the survey outlines that users spend the maximum time about 194 minutes a day on social media, compared to 46 minutes on online gaming and 44 minutes on OTT.

Dr Agarwals Health Care has raised about Rs 650 crore from the TPG Growth and Singapore's sovereign wealth fund Temasek, within a year of raising Rs 1,050 crore from them in an earlier round. The Chennai headquartered chain said they would use about Rs 1,200 crore to double their hospital count to 300 in the next 2-3 years. The company is mainly looking to open hospitals in Maharashtra, Delhi and Uttar Pradesh, a shift from its established ground in South India, company Chairman Dr.

Yash Acharya,a job seeker recently shared his story on X (formerly known as Twitter) that how a co-founder of online grocery delivery platformZepto reached out to him directly for his CV. Later,Acharya’spost went viral on the social media platform. According to Acharya’s post, he had applied for the role of a product design intern at Zepto.However, he received a reply through an email with the subject line: “You’d be a great fit for this Delivery Boy (Mumbai) role at Zepto!" The job seeker has posted a screenshot of the email he received from the company, and wrote: “Par maine to product designer ke liye apply kiya tha (But I applied for the role of a product designer)." After the Acharya’s post came to the notice ofZepto’sco-founder and CTO Kaivalya Vohra, he then reached out toAcharyadirectly and asked him to share his CV.

Housing affordability saw a steady improvement from 2010 to 2021 across the eight leading cities of India, even during the Covid-19 pandemic, when the Reserve Bank of India (RBI) cut repo rates to decadal lows, the data showed. However, things changed after the Russia-Ukraine war started last year which pushed global inflation due to supply chain disruptions.

JSW Steel Ltd is considering picking up a 75% interest in Teck Resources' steelmaking coal business Elk Valley Resources, according to a Bloomberg report. Bloomberg had reported in July that the Mumbai-based company was interested in up to 20% of Teck’s coal business. The potential deal could value the business at $8 billion, said Bloomberg, rivaling an earlier bid by Swiss commodities giant Glencore.

alliance in the state. Raj Thackeray on Wednesday said the saffron party should ‘first build itself without breaking MLAs from other parties’. Thackeray was addressing his party workers in Panvel when he took a dig at BJP hinting at the recent spilt in political parties in Maharashtra.

iQoo. Shwetank will get a salary of ₹10 lakh for 6 months. His selection was the outcome of a rigorous evaluation process that encompassed factors such as Gameplay, Gaming Knowledge, and Personality & Communication skills.

₹100 a month and less than an hour a day on online gaming. On OTT platforms, the amount was far more, between ₹200 and ₹400 a month. The paper by Rajat Sharma and Vikash Gautam titled ‘New-Age Digital Consumption: A Survey of Social Media, OTT Content and Online Gaming’ also outlines that policy concerns around unwanted user actions, especially in online gaming, which are not supported by user time-spend or money-spend data.

real estate investments across the country. Attendees will have the opportunity to meet one-on-one with the USIF Team and a seasoned immigration attorney from Donoso & Partners LLC, who has substantial experience with EB-5 matters.

Mumbai: Bahrain Steel, producer and global supplier of high-grade iron ore pellets, on Thursday said that it has signed a Letter of Intent (LoI) with Essar Group to supply 4 million tonne of DR-grade pellets per annum (mtpa) to Green Steel Arabia (GSA) project in Saudi Arabia. “Essar is looking at investing about $4.5 billion in setting up an integrated steel plant in Ras Al Khair, Saudi Arabia," said Naushad Ansari, country kead for Essar Group in KSA.

NCLAT) on Thursday agreed to hear IDBI Bank’s plea against Zee Entertainment in payment dispute case on August 31, 2023. The private lender has challenged an NCLT order, which had on May 19 rejected its plea to initiate insolvency proceedings against the media major.

New Delhi: The national capital and the adjoining region (Delhi-NCR) reported a 65% year-on-year increase in retail leasing across investment-grade malls, high streets and stand-alone developments in the first six months of calendar year 2023, real estate consulting firm CBRE South Asia said in a report released Thursday. The city recorded a retail supply of 0.22 million square feet (msf) between January and June, while total leasing during the period stood at 0.70msf compared to 0.42msf a year ago. Fashion and apparel retailers led retail leasing activity in the region with a share of 47%, followed by luxury at 13%, and food and beverage.

A question that has been making rounds on social media and among avid Bollywood followers for quite some time now is: Who is Orry and what does he do? Well, we might help you with an answer here!

real estate consultant released its 'Affordability Index' for the top eight cities for the first six months of the 2023 calendar year. The index tracks the EMI (Equated Monthly Instalment)-to-income ratio for an average household. It indicates the proportion of income that a household requires, to fund the EMI of a housing unit in a particular city.

India's homegrown Paytm Payments Bank's second product in the mass transit category after FASTags, Paytm Wallet & Transit Card, has seen massive deployment across the country. This card, approved by Rupay National Payments Corporation of India (NPCI), has been developed in line with the Government of India’s National Common Mobility Card (NCMC) project. It enables travellers and commuters in most cities to seamlessly pay for multiple purposes.

Health Care has raised $80 million from existing investors Singapore's Temasek and U.S.-based TPG The fundraise will provide significant capital to fuel the company’s expansion plans. The company plans to deploy capital to expand the current network of 150+ centres to over 300+ centres in the next 3 years. The company has new projects in development in Mumbai, Punjab, central and northern India, among others.

Sunny Deol dug out a hand-pump to fight the people who were against his love? Who doesn't? Twenty-two years later, the superstar recreated the same sequence for the unstoppable 'Gadar 2', directed by Anil Sharma. It is one of the classic Bollywood scenes that is engraved in people's minds, including Bollywood heartthrob Kartik Aaryan's. Dressed in a white shirt, the actor watched the show at the Gaeity Galaxy cinema in Mumbai recently.

MUMBAI — Buying unpopular stocks and selling the popular ones is one of the key strategies adopted by Counter Cyclical PMS, which has helped its smallcap fund give multibagger returns over a 3-year period. “We try to stay ahead of the curve, by spotting promising companies early, before they come into the limelight,” says Keshav Garg, director, Counter Cyclical PMS.

InMobi announced the acquisition of Quantcast Choice, a consent management platform designed to help publishers align with the global privacy regulations on Wednesday. This comes on the heels of India enacting its first privacy legislation, the Digital Personal Data Protection (DPDP) Act. InMobi maintains a large presence in Bengaluru, and has operations in Delhi and Mumbai.

alliance ran into several hurdles this week amid preparations for a third INDIA meeting in Mumbai. The crises covered a slew of prominent parties - from the AAP threatening to walk away to persistent rumours that NCP chief Sharad Pawar would join the BJP-led NDA. The Congress found itself sparring with Arvind Kejriwal's AAP on Wednesday after a spokesperson said that the party planned to contest all Lok Sabha seats in Delhi.