City Mumbai Financial News

vegetable inflation by increasing the portion of pulses in their plate and the rise in international prices of pulses as exporting countries try to cash in on the fall in India’s pulses sowing has led to an increase of 2-3% in wholesale prices of pulses within a week. The demand for the relatively cheaper pulses like masoor and moong has increased as vegetable inflation continues to stay firm with tomato prices remaining 233% more expensive in July over June. Exporting countries like Canada, Myanmar, Mozambique and others, which are closely monitoring the progress of kharif sowing in India, have increased the prices of pulses as the sowing of kharif pulses is lagging by over 9%. Among all the pulses, the highest increase in prices was seen in urad, whose prices increased by Rs 3/kg or nearly 3% last week in Jalgaon, one of the main processing centres for urad in the country. Prices of tur dal have increased by Rs 200-400/quintal last week for various qualities. In the Akola (Maharashtra) market and in Gulbarga (Karnataka), the price of tur dal shot up from Rs 136/kg to Rs 140/kg last week, while the price of tur imported from Mozambique increased by a substantial Rs 5.5/kg in a week in Mumbai. According to trade data, all India urad sowing is down by close to 14%, while sowing of tur is down by about 8%.

MUMBAI : Subhash Chandra’s Essel Group-owned Zee Learn Ltd on Tuesday confirmed signing a settlement agreement with JC Flowers Asset Restructuring Co. (ARC). Zee Learn is among Essel Group companies with a total exposure of ₹6,500 crore with JC Flowers ARC, which Chandra has been trying to settle.

MUMBAI : Private equity (PE) giant Carlyle has agreed to acquire a significant minority stake in engineering services firm Quest Global, the two companies said on Tuesday. Simultaneously, Carlyle and Quest will together buy back all shares from the company’s existing investors, Bain Capital LP, Advent International LP, and GIC Re and extinguish them. Alongside, founder Ajit Prabhu will bring in additional funds to increase his stake.

Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, according to people familiar with the matter. The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar Ltd.

Tata Realty and Infrastructure Ltd (TRIL), the real estate development arm of Tata Group, has acquired a land parcel spread over 25.3 acres in Doddanekundi near Whitefield locality in Bengaluru for over Rs 986 crore. The company has bought the land parcel from Graphite India through its wholly owned subsidiaries TRIL Bengaluru Real Estate Five Ltd and TRIL Bengaluru Real Estate Six Ltd.

RBI) has imposed monetary penalties on four co-operative banks for deficiencies in regulatory compliance. These banks are Shri Vinayak Sahakari Bank, Shreeji Bhatia Cooperative Bank, Mizoram Urban Cooperative Development Bank and Vita Urban Co-operative Bank.

travel and tourism industry in India has rebounded significantly from the pandemic, with job postings for hospitality jobs surging by 66% from June 2022 to 2023. The company said this is a marked departure from the 60% decline in job demand during 2019-2020 and the subsequent 7% dip in the following year. Indeed said the sector showed 'remarkable resilience' and 'adaptability' by embracing changing customer preferences. «Curated experiences for staycations, workcations and solo trips have become the new norm, offering customers personalized and safe travel options,» the company said in a statement.«Technology played a vital role in this transformation, integrating seamless digital experiences into every aspect of the hospitality journey,» it added.

Peninsula Land has reported a 362% year-on-year growth in consolidated net profit of Rs 60 crore for the quarter ended June. Revenue for the quarter stood at Rs 188 crore.

₹13,000 crore. The two projects will have a combined capacity of 2800 megawatt and help the state achieve its goal of becoming a $1 trillion economy by 2028. The two plants will be situated in Shirvata, Pune (1800 MW) and Bhivpuri, Raigad (1000 MW) and will generate employment for over 6,000 people.

ALSO READ: Mumbai train firing: RPF constable was 'feeling unwell' and 'in no mood to listen', recalls colleague While seeking his custody, the GRP officers told the court they are yet to obtain the CCTV footage of the entire train journey. Apart from this, GRP officers told the court that they wanted to find out if Singh was instigated by someone to commit the crime. Apart from the previous charges, the Borivli GRP has added IPC Section 153A (promoting enmity between different groups on grounds of religion, race, place of birth, residence, language, etc., and doing acts prejudicial to maintenance of harmony) to the FIR against Singh.

wheat prices surged to a six-month high on Tuesday due to limited supplies and robust demand ahead of the festival season, dealers said. The increasing prices may prompt New Delhi to eliminate import duties on the cereal to bolster supplies and control prices ahead of key state polls and next year's general election. Rising wheat prices could contribute to food inflation and potentially complicate the efforts of both the government and the central bank to contain inflation.

New Delhi: Tata Cliq Palette, the beauty retail platform under Tata Unistore, on Tuesday announced the opening of its first beauty store in Nexus Seawood Mall in Navi Mumbai. The retailer also launched its beauty app that directly competes with the likes of Nykaa and Reliance Retail’s Tira. “Tata CLiQ Palette recognises that everyone’s beauty journey is different.

Ducati Diavel V4 comes ingrained with technical, dynamic, and stylistic features, such as those of sport nakeds and muscle cruisers. The motorcycle comes with a starting price of ₹25.91 lacs (ex-showroom). Deliveries will begin immediately across all Ducati stores in New Delhi, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, Kochi, Kolkata, Ahmedabad, and Chandigarh.

1. Lonavala, Mahabaleshwar, Matheran in Maharashtra: Maharashtra in the monsoon season is filled with greenery, waterfalls. Right from forts, hills, beaches to forest, the state has a vast varierty to offer.

New Delhi: Leasing activity in India’s industrial & logistics sector surged to 19.1 million sq. ft. across eight major cities during the first half of 2023 (Jan-Jun), marking a substantial 35% year-on-year increase, according to a report by CBRE South Asia Pvt.

income tax returns (ITRs), The Economic Times reported. The tax notices were sent to individuals who earned extra from the ‘moonlighting’. Over 1,000 notices were sent for the financial years 2019-2020 and 2020-2021, as per the report published in ET.

Mumbai: Ambareesh Murty, co-founder of online furniture store Pepperfry, died of a cardiac arrest in Leh on Monday. The 51-year-old entrepreneur was there with the strategy team of Pepperfry for an offsite. Murty, a fitness freak and trekker, founded Pepperfry along with Ashish Shah in 2011.

noise pollution, Supreme Court and High Courts have laid out guidelines and restrictions on decibel levels and horn usage in residential and silence zones. Silence zone areas include hospitals, courts, religious places, and educational institutions, etc.

Mindspace Business Parks REIT has rejigged its senior management to ensure stability and continuity of leadership to drive the next phase of growth. The K Raheja Corp-backed listed entity has appointed Ramesh Nair as Chief Executive Officer, with effect from September 1 while elevating Vinod Rohira to Board Member of the REIT.

PTI, this notable group is being led by Indian-American Congressman Ro Khanna and Congressman Michael Waltz. Their leadership stems from their roles as co-chairs of the bipartisan Congressional Caucus on India and Indian Americans, as stated in an official announcement. The lawmakers will visit Red Fort where the Prime Minister will address the nation on August 15th, India’s Independence Day.

MUMBAI — Green Portfolio PMS is extremely bullish on the midcap and smallcap segment and believes that their outperformance to largecaps will continue in the near term. “Despite being small and midcaps, these are fundamentally strong companies which are high on corporate governance, growth prospects and yet available at comfortable valuations,” said Divam Sharma, co-founder of the PMS and a smallcase manager. Supriya Lifesciences, Elin Electricals, Orient paper, Likhita Infra, Aarti Pharmalabs, Piramal Pharma are a few names that the PMS is inclined towards currently.