City Mumbai Financial News

10.08 / 15:13

UPS Art Williams awards film show classical Swiss Reviving tradition: Swiss paper cutting artist infuses new life into ancient art

The 64-year-old designer is reinventing the Swiss traditional art of paper cutting, which typically shows Alpine landscapes and cows heading to mountain pastures, by infusing a large dose of poetry and modernity. Dubuis, a florist by training, told AFP that she has devoted herself to paper cutting since childhood and now spends around six hours a day on her passion. At her home studio in Chateau d'Oex, in the Pays-d'Enhaut area where the Swiss tradition was born around 200 years ago, she showed off her craft, using scissors or a cutter to carve out intricate scenes inspired by the surrounding woods and the people she meets. The works, either in black and white or in colour, have been shown in Switzerland, France, Germany and Japan.

10.08 / 12:33

Citi Landmark Zara film shootings show country PVR Inox launches standalone IMAX property in Delhi

Priya Cinema, a popular landmark in the city and one of the first PVR properties in the country. Unlike other IMAX cinemas that are housed along with regular formats, this is the first time that an IMAX theatre is taking over an individual single screen cinema. Tickets to the 316-seater will be priced anywhere between ₹350 and ₹600 depending upon the film, day and show timing.

10.08 / 11:57

UPS BLOCK Aviat Airlines Parke Jalan-Kalrock blocking sale of grounded Jet aircraft: Ace Aviation to NCLAT

₹50 crore and brought the remaining ₹350 crore out of the total ₹400 crore for the aircraft purchase. He also pleaded that the asset's valuation of the parked aircraft is declining due to the ongoing deadlock between the lenders and consortium. The petitioner requested the court to issue a notice to Jalan Kalrock, but it refused, saying it wanted to settle the ownership case between the creditors and JKC by the end of August.

10.08 / 10:49

Bajaj Electricals Q1 Results: Profit falls as unseasonal rains, inflation hit demand

Bajaj Electricals Ltd on Thursday reported a 13.6% decline in first-quarter profit, dragged by intermittent unseasonal rains and inflationary pressure, sending the consumer durables major's shares down 3.2%. Consolidated net profit was 371.3 million rupees ($4.49 million) for the three months ended June 30, compared with 429.6 million rupees a year earlier.

10.08 / 09:39

Target CEO Mobile Mumbai Shiv Sena MLA's son allegedly kidnaps music company CEO in Mumbai

Sena MLA, following a dispute with a rival businessman. As per a ToI report, the incident, which unfolded at the CEO's office in Goregaon, has prompted an ongoing investigation by local authorities.Rajkumar Singh, the CEO of the targeted music company, found himself at the center of a violent encounter after a financial disagreement with Manoj Mishra, the owner of a competing music company. The confrontation, reportedly orchestrated by Mishra, involved around 10 to 12 individuals who forcibly entered Singh's office.

10.08 / 09:39

UPS Indian PE Investment in Indian Realty recorded at $1.92 bn in Q2, up 60%

Indian Real Estate Sector recorded robust private equity investment of $1.92 bn in Q2 2023, highlighting investor confidence in the market after a marginally subdued Q1. This is 63% higher than the previous quarter (Q1-23) and 60% higher than the same period last year, according to Cushman & Wakefield’s latest Investment report.

10.08 / 07:55

Booking Platform Entertainment film show star independence day Independence Day 2023: Movies, TV shows releasing around 15 August in theatres, OTT platforms. Full list

OTT platforms. This Independence Day, the box office battle will be between the two most-anticipated movies of the year--Gadar 2 and OMG 2. Actors Sunny Deol, 60, will be back as 'Tara Singh' on the big screens.

10.08 / 06:17

UPS Citi FIVE Southern performer country Eye care industry at inflection point, boom in M&A activity likely

India’s eye care sector is likely to witness a boom in mergers and acquisition (M&A) activity as it hits an inflection point from where organized players looking to build a national footprint will try and disrupt a market which has traditionally been dominated by mom-and-pop shops, according to several eye care entrepreneurs and industry watchers ET spoke with. The M&A boom could witness the emergence of four or more large players who could collectively own over 2000 eye hospitals in the next five years with a national footprint. As much as half of their expansion could come through acquisitions, as per industry watchers.

10.08 / 04:03

COST UPS Citi Remark show performer India's housing market enjoys rapid growth, but can it last?

real estate market is showing robust performance in the second quarter of 2023, with sales maintaining its momentum as new supply continues to pour in. Remarkably, even with the influx of new properties, prices in primary economic hotspots are skyrocketing. The ISB – Housing.com Housing Price Index (HPI) shows an increase of 7.21% in property prices during Q2 2023, a jump from both Q1 2023’s 6.78% and Q2 2022’s 2.83%.

09.08 / 18:51

Provident AXY Assurant Deal Ant Ant deal revives question on Sharma’s position at Paytm

Paytm founder-CEO Vijay Shekhar Sharma’s decision to acquire an additional 10.3% in the company from Ant Financial has reignited the debate around his actual holding in the company and if, as a public shareholder, he has control of the company and enjoys the perks of being a promoter without actually being classified as one. Paytm parent One97 Communications says Sharma owns 19.42% of the country’s largest payments company.

09.08 / 18:51

Booking Platform Remark film show performer star Weekend Theatres get ready for an action-packed holiday weekend

PVR Inox Ltd. According to Bijli, around 20 films across languages have been screening concurrently across theatres, with a minimal impact on the box office performance of one over another. Ashish Saksena, chief operating officer, cinemas, BookMyShow said so far Jailer has seen around 900,000 bookings on the platform, leading with the original Tamil version in south India including Chennai, Bengaluru, and Hyderabad.

09.08 / 18:21

UPS Citi Strategy Dreams electronic exits L&T eyes green energy, plans to sell non-core biz as Naik exits

MUMBAI : I am leaving, but I am still there," said A. M. Naik, the departing chairman of engineering and construction giant Larsen & Toubro (L&T) Ltd, while addressing his final and the conglomerate’s 78th annual general meeting (AGM) on Wednesday.

09.08 / 16:43

Digital performer country NBF writes to I&B minister against a group of broadcasters seeking to suspend news genre ratings

MUMBAI : The News Broadcasters Federation (NBF), a lobby group of national and regional news broadcasters that collectively represents over 300 TV news channels, has addressed a letter to Anurag Thakur, the Minister of Information & Broadcasting, highlighting its members’ apprehensions regarding the suspension of weekly ratings for the news genre. The letter, a copy of which was accessed by Mint, alleges that a group of broadcasters is making attempts to get the news channels’ ratings suspended.

09.08 / 13:05

band country Jio, Airtel meet first year minimum rollout obligation norms for 5G

Bharti Airtel and Reliance Jio successfully tested 5G services and data speeds on both the 26 GHz, or millimetre (mmWave), and 3300 MHz spectrum bands in the Mumbai licensed service area (LSA). The Department of Telecommunications’ Mumbai service area wing undertook the testing to check the minimum rollout obligations (MRO) on August 8 (Jio) and August 9 (Airtel).

09.08 / 13:05

UPS Digital Amazon CEO Tata Digital standalone FY23 revenue grows 13 times to Rs 204 crore, loss up 23%

Tata Digital, which houses ecommerce superapp Neu, has recorded a standalone revenue of Rs 204.35 crore in FY23, growing close to 13 times compared to the previous year, as per Tata Sons annual report. On a standalone level, the unit recorded a loss of Rs 1,370 crore – a jump of around 23%. Tata Digital is the ecommerce arm of the Mumbai-based salt-to-aviation major which houses digital assets such as egrocery firm BigBasket and online pharmacy 1mg, besides its own digital offerings like Tata Cliq, Croma and others.

09.08 / 09:33

UPS FIVE Parke Premature redemption of sovereign gold bonds: How much you will get for Series I of SGB 2016-17

RBI has set up a price for early redemption of Series I of SGB 2016-17. This series opened for subscription from July 18 to 22 in 2016. The issue price of the Sovereign Gold Bond was fixed at ₹3119 per gram of gold.

09.08 / 08:37

UPS SENSEX social This is how AM Naik will continue at L&T after stepping down on September 30: Report

Moneycontrol, Naik said that he will continue to be associated with the company as chairman of the two information technology (IT) subsidiaries, an advisor to the board, and chairman of the employees’ trust. "I have decided that by 2025, I will give up everything and only run the trust and my two trust social work ventures," Naik said as reported by Moneycontrol. Naik has served the company for more than 58 years.

09.08 / 03:21

Matrix Actor show Mumbai Mumbai court asks Kangana Ranaut to file reply to Javed Akhtar's plea challenging summons to him on her complaint

Kangana Ranaut to file reply to veteran poet-lyricist Javed Akhtar's application challenging the summons issued to him by a magistrate's court in a case filed by her. Additional sessions judge (Dindoshi court) AZ Khan, presiding over the case related to alleged criminal intimidation, issued a notice to Ranaut seeking her reply and adjourned the matter to August 24.

09.08 / 02:25

UPS Enterprise Discover DISH Stocks to Watch: Coal India, Adani Ent, Happiest Minds, NTPC, Oberoi Hotels

Coal India: Coal India Limited posted a 10% year-on-year decline in net profit which stood at ₹7,941 crore during the quarter ending June 2023 down from ₹8,834 crore reported during the corresponding quarter last year. The net sales of the company grew marginally to ₹33,072.6 crore during the quarter under review from ₹32,497.9 during Q1FY23. Sequentially, Coal India's net profit jumped 43% from ₹5527.6 crore during the quarter ending March 2023.

09.08 / 00:47

Citi CEO JPMorgan Parke JPMorgan opens two global centres in India

JPMorgan Chase on Tuesday announced the opening of 2 global centres in Mumbai and Bangalore that will cater to technology and operations. With this move the foreign lender is looking to consolidate its offices in these locations and cater to growing employee strength.

08.08 / 21:59

UPS CEO Remark performer country Oberoi Hotels Q1 results: PAT jumps 61% to ₹106 crore

Mumbai: Oberoi Hotels parent EIH Ltd has posted a 61% jump in its consolidated net profit for the first quarter of the fiscal, while its revenue jumped 26.7%, compared to year ago period. The hospitality company posted a profit after tax of ₹106 crore in the quarter ended 30 June, compared to ₹69.44 crore in the corresponding quarter of the previous fiscal.

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