City Mumbai Financial News

13.08 / 18:43

UPS Parke country The rich can 'first worldise' India quick

Central Park, Covent Garden, Saint-Germain-des-Pres...). Two, pour in money into your country/city as if it's all an extension of your living room to make your 'area of habitation' match your status and taste. The moderately rich do this with their street/neighbourhood.

13.08 / 18:21

UPS Digital Waters Manufacturing stage electronic Tata Projects to focus on building chip factories

MUMBAI : Tata Projects Ltd expects to earn around 20% of its revenue from building factories for semiconductor manufacturing by FY25-26, its managing director, Vinayak Pai, said in an interview. “One of our strong focus areas is design and EPC (engineering, procurement and construction) of state- of-the-art gigafactory for semiconductor and electronics manufacturing. We can leverage our significant experience in electronics and solar panel manufacturing facilities as well as data centres to deliver value to our customers for semiconductor and chip manufacturing," Pai said.

13.08 / 18:13

Citi IPO AXY Strategy country India’s appeal as alternative to China rises: Citi’s Khullar

MUMBAI : In a strategic shift, Citi India sold its retail business to Axis Bank and is now focussed on its institutional business and global capability centres (GCCs). By the end of this year, the bank’s GCCs that go beyond just being a back office to its global operations will employ around 30,000 people. In an interview, Citi India chief executive officer Ashu Khullar emphasized that while India is not the only option to counter the world’s dependence on China, it is a credible option, and the bank is seeing growing interest among clients to invest.

13.08 / 18:13

UPS Target film Celebrity show audience boost Gadar 2 gives single-screen cinemas a much-needed boost

₹110-120 crore within India and global gross collections of ₹150 crore for the film. Gadar 2 has been lapped up in the Hindi heartland including Delhi, Uttar Pradesh, Bihar, and parts of central India in a welcome relief to such cinemas at a time of waning popularity of Bollywood films among mass-market viewers with several new releases considered to feature mostly urban, elitist themes.

13.08 / 17:31

COST UPS Citi Metro cover Costs Know the costs associated with pregnancy and childbirth in India

Mint spoke with some parents to understand how they finalized their hospitals and how much they paid in hospital costs at the time of delivery. Metro charges Niranjan Avasthi, senior vice-president, Edelweiss Asset Management Company, 39, who resides in the suburbs of Mumbai, says he and his wife Sharvari opted for Mamta Maternity Home located near their house for his second baby’s delivery. The baby was delivered in June 2021.

13.08 / 17:31

UPS AXY SUN NIFTY show MFs take to RBL after M&M investment

MUMBAI : Top mutual fund houses were active on the RBL stock counter last month, coinciding with auto major M&M’s ₹417 crore investment for a 3.53% stake in the Mumbai-based lender, which was greeted with surprise by the market. Axis MF made a new entry into RBL stock counter while Aditya Birla Sun Life MF, which held 1.32% of its equity as of June quarter, added more, shows data from brokerage Nuvama. Interestingly, Nippon India MF, which held the highest stake among peers of 3.09%, cut its stake in RBL.

13.08 / 17:31

Target CEO Mobile PTC stage Financial Crisis-hit PTC Financial embarks on management overhaul

PTC India Financial Services (PFS) will undergo several management-level changes as the company steers towards an operational overhaul and new phase of growth, Mahendra Lodha, the company’s interim chief executive officer and managing director, said. In an interview, Lodha, who is also director of finance and chief financial officer, said PFS is looking at strengthening its team, including senior management. A new chief compliance officer and executive director for monitoring, disbursement and operations have also been appointed, who will soon join, he added.

13.08 / 12:45

UPS Citi FIVE stage Deaths hospital Maharashtra: 18 deaths reported in 24 hours in Thane hospital; probe panel constituted, says civic chief

Chhatrapati Shivaji Maharaj Hospital in Kalwa in Thane, civic commissioner Abhijit Bangar said on Sunday. These comprise 10 women and eight men, of which six are from Thane city, four from Kalyan, three from Sahapur, one each from Bhiwandi, Ulhasnagar and Govandi (in Mumbai), one patient is from some other place and and one is unidentified, he said. Twelve of the deceased were above the age of 50, Bangar added.

13.08 / 09:33

COST UPS Target Career show RBI signals to Delhi that it can’t cut rates before Lok Sabha polls

Lok Sabha elections due in April 2024, and before that a string of state assembly polls, Raisina Hill would like to see the Reserve Bank of India (RBI) start cutting rates sooner rather than later. Lower borrowing costs will allow it to craft a more election-friendly budget and signal to middle-class families repaying home loans that the cycle of rising monthly installments has ended. RBI’s interest-rate-setting committee has refrained from touching rates for three meetings in a row this year, including in the latest one, held from 8 to 10 August.

13.08 / 04:57

Career Google Remark Dreams star actress dance On Sridevi's 60th birth anniversary, Google honours Bollywood's 'Dream Girl' with special doodle

Sridevi, the legendary Bollywood actress, with a vibrant doodle that adorned the search giant's homepage on Sunday. It served as a heartfelt tribute to her remarkable journey from a small Tamil Nadu village to becoming one of India's most iconic actresses. The Google Doodle captured the essence of Sridevi's cinematic journey, depicting her in a poised dance pose that radiated the vibrancy of Indian cinema with warm tones. Google credited Mumbai-based guest artist Bhumika Mukherjee for creating the artwork. «Today’s Doodle celebrates Indian actress Sridevi, who is widely considered one of the most influential Bollywood actresses of all time,» they wrote.

13.08 / 04:57

Twitter MET Booking Remark Actor show Amitabh Bachchan is biggest brand ambassador for India: US Congressman Ro Khanna

Bachchan is the biggest brand ambassador for India in the world, a top Indian-American Congressman has said. The remarks by Congressman Ro Khanna came after he met Bachchan, 80, in Mumbai on Saturday. Khanna, the co-chair of the Congressional India Caucus, is currently leading a bipartisan Congressional delegation to India along with Congressman Michael Waltz, the other co-chair of the India Caucus.

13.08 / 03:19

Google awards film Actor star actress dance Google Doodle pays tribute to Bollywood icon Sridevi on 60th birth anniversary

Khushi Kapoor. The tech giant credited the doodle illustration to Mumbai-based guest artist Bhumika Mukherjee which tributes the iconic actress in a dancing pose for which she was known. Sridevi started acting at the age of four years, her first film was a Tamil movie named Kandhan Karunai in 1967.

12.08 / 18:47

UPS Citi Platform Parke show country Warehousing emerges as high-growth realty assets class in India

India's warehousing and industrial sector is expected to reach 516 million sq ft by 2026 from 344 million sq ft in the first half of 2023. Around 15 million sq ft of new stock were added between January and June this year with Delhi-NCR, Mumbai and Bengaluru gaining maximum share of the supply, showed data from JLL India.

12.08 / 10:45

COST Citi Provident FIVE Highways Maharashtra News: Nitin Gadkari inaugurates Chandni Chowk flyover on Pune-Bengaluru Highway

₹865 crore. Under this project of total length of 16 km, the work of 2.2 km long Chandni Chowk Interchange has been completed. Both sides of the Mumbai-Bangalore highway have 2-lane internal and 2-lane external service.

12.08 / 10:01

Target Man Airlines country Smuggling Mumbai Mumbai airport: Man held for smuggling ‘diamonds’ by hiding them in tea powder pouches. Details here

airport for allegedly trying to smuggle diamonds worth ₹1.49 crore out of the country by hiding them in tea powder pouches kept in his luggage, officials said. The 30-year-old accused, Mukkim Raza Ashraf Mansuri, was arrested on August 9 by the Air Intelligence Unit of the Customs department when he was about to fly to Dubai, a Customs official said. "Mansuri, a resident of Null Bazar area in south Mumbai, was arrested at the Chhatrapati Shivaji Maharaj International Airport.

12.08 / 08:19

UPS Citi Platform Parke show country Ft Warehousing supply across India’s key cities to touch 516 million sq ft by 2026

e-commerce and the growth of third-party logistics (3PL) companies is also driving the investments in this segment. The cumulative supply in India’s warehousing and industrial sector is expected to reach 516 million sq ft by 2026 from 344 million sq ft in the first half of 2023.

12.08 / 06:43

UPS Art Waters Nestle love Harmonic Latin Centre Mumbai Amadeo By Oberoi at the Nita Mukesh Ambani Cultural Centre, Jio World Centre, BKC, Mumbai

Amadeo by Oberoi, latest independent restaurant by The Oberoi Group offers elevated service and authentic, high-quality cuisines prepared by the talented Executive Chef Kayzad Sadri and his expert team. Derived from the Latin word Amadeus, which symbolizes receiving the love of God, the name Amadeo embodies the ambrosial culinary offerings that are served with Oberoi's signature grace and personalized care.

12.08 / 06:43

Provident Platform Entertainment Dreams Sony Celebrity star Talent Platform Exchange4Talent Announces Brand Ambassadors Remo D'souza & Iulia Vântur

Mumbai, August 11: Ace director Prem Raj Soni has launched Exchange4Talent, a groundbreaking platform that opens up unprecedented creative opportunities. The platform is designed to bridge the gap between budding talents and eager talent seekers as it reshapes the landscape of the entertainment and creative industries. Exchange4Talent stands out in the talent exchange market by offering a comprehensive range of subscription models, catering to both aspiring talents and established professionals.

12.08 / 05:03

UPS FIVE BLOCK Platform track Mumbai Mumbai local train update: Jumbo block between Santacruz and Goregaon station on 13 August. Check details here

Indian Railways' Western Railway Mumbai Division will operate Jumbo block on the UP and DOWN Slow lines between Santacruz and Goregaon station on 13 August. This comes in order to carry out maintenance work of tracks, signalling and overhead equipment. As per Railways, these maintenance are essential for infrastructure upkeep and safety.

11.08 / 19:42

COST UPS Citi Platform Entertainment Mirchi parent ENIL swings to black in Q1

Entertainment Network India Ltd (ENIL), the operator of India's top FM radio channel Mirchi, reported a net profit of ₹4.4 crore for the fiscal first quarter, rebounding from a loss a year earlier. For the quarter ended June 30, the company reported revenue of ₹91.7 crore, a decline of 3.7% YoY. Notably, the radio segment revenue was up by 7.6% year-on-year, led by volume growth.

11.08 / 19:41

UPS Viatris cover end Biocon to close Viatris merger by FY24 end

MUMBAI : Biocon Biologics Ltd expects to conclude the merger with Viatris’ biosimilars portfolio in FY24, chief executive Shreehas Tambe said on Friday. “We are looking to complete the transition ahead of time. We planned a two-year transition.

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