City Mumbai Financial News

Reliance Retail has crossed the milestone of a billion transactions in FY23 and its registered customer base reached 249 million, said the latest annual report of Reliance Industries. In FY23, Reliance Retail's digital commerce and new commerce businesses contributed to 18 per cent of its revenue, which stood at Rs 2.60 lakh crore. The company added 3,300 new stores, taking the total count to 18,040 stores with a total area of 65.6 million square feet and has plans to «continue to expand reach into Tier 2 and 3 markets through store network expansion».

NCP leader Jayant Patil, a Sharad Pawar loyalist, on Sunday dismissed reports that he met Union Home Minister Amit Shah in Pune «secretly» and also scotched speculation that he was set to join the Ajit Pawar-led group in the Shiv Sena-BJP government. Patil said he was with Nationalist Congress Party (NCP) chief Sharad Pawar on Saturday evening and later met senior colleagues Anil Deshmukh, Rajesh Tope and Sunil Bhusara at his home. «They were at my house till 1.30 am.

Prabha Mota's donation went viral on social media. Maharashtra Pradesh Congress general secretary Sachin Sawant, who lives in the same building, also tweeted. «Very rare incident in country happened in our Satyam Tower CHS.

Also read: Chandrayaan-3 LIVE Updates: Soft-landing of Chandrayaan-3 on lunar surface likely on 23 August As for the eligibility criteria, candidates should be aged between 18 to 35 years to apply for these posts. The selection process for ISRO Recruitment 2023 involves a Written Test and a Skill Test. The written test will be of 90 minutes duration and will consist of 80 multiple-choice questions.

Mumbai Police on Sunday morning received a call from a person warning of «serial bomb blasts» in local trains, an official said. The police later detained a 25-year-old man from Juhu area for allegedly making the threat call, he said, adding the man is suspected to have made the call in an inebriated state. The police control room in the morning received the call wherein the person claimed a bomb had been planted in a local train in Mumbai and that «serial bomb blasts» were about to take place, the official said.

ICICI Bank-Videocon's 2019 case, the Central Bureau of Investigation (CBI) has claimed that credit facilities sanctioned by the bank to the Videocon group turned into non-performing assets (NPAs) of more than ₹1,000 crore. The anti-money laundering agency said it in the charge sheet filed against the ICICI Bank's former CEO Chanda Kochhar, her husband Deepak Kochhar, and Videocon founder Venugopal Dhoot on Saturday.

ANI citing Mumbai Police, “Police control room received a threat call from a man. The caller told Police that serial blasts will take place on a local train in Mumbai.

Roseate Hotels & Resorts, owned by Bird Group, plans to add two hotels annually through management agreements while pursuing the development of luxury boutique properties in India and abroad, Kush Kapoor, CEO of the company, told ET. The company intends to include coworking centers at hotels in metro cities, while its properties in holiday destinations will be developed as resorts. «We are receiving organic queries from owners willing to offer their properties, and simultaneously, some owners with beautiful locations are interested in entrusting their properties to us. We are now exploring management options alongside our existing hotels,» Kapoor said. The company has recently acquired 2.6 acres of land near the upcoming Noida airport for the development of a 250-room project that will include a spacious convention center. «If everything goes well, and we get all our approvals in time, we should be able to start construction soon on the Noida hotel. We are also looking at expanding the Rishikesh resort as well,» Kapoor said.

Chandak Group has entered into an agreement to redevelop a housing society spread over 3.6 acre in Mumbai’s Andheri suburb with the project envisaging a total development potential of over 460,000 sq ft. Of the total development potential, the project will provide a saleable area of over 281,000 sq ft that is estimated to have revenue potential of Rs 956 crore.

Congress chief Nana Patole on Saturday said the upcoming meeting of the INDIA bloc in Mumbai is very significant in view of the Supreme Court staying Rahul Gandhi's conviction in a defamation case. Talking to reporters here after constituents of Maha Vikas Aghadi held a meeting, Patole said the leaders discussed preparations for the upcoming meeting of INDIA allies, which will be organised in Mumbai on Aug 31- September 1.

Nitin Desai, known to have created epic sets for acclaimed Bollywood films and TV shows such as 'Lagaan', 'Devdas', 'Jodhaa Akbar' and 'Kaun Banega Crorepati', was cremated with police honours on Friday evening at ND Film Studio in Karjat. ETimes reported that the cremation arrangements included a police gun salute in the presence of Raigad Superintendent of Police, Somnath Gharge. The last rites were attended by prominent politicians like Vinod Tawde and Kirit Somaiya, along with several film personalities like Aamir Khan, Ashutosh Gowarikar, Sanjay Leela Bhansali, and more.

Congress on Saturday cited the takeover of a cement company to allege that probe agencies were being misused by the BJP government to «enrich» a select few crony capitalists. Congress general secretary Jairam Ramesh claimed that in sectors such as airports, ports and cement, companies competing with the Adani Group for prized assets have faced CBI, ED and Income Tax raids «that have dissuaded them from proceeding with their bids, and the assets have ultimately gone to Adani». «In our Hum Adani ke Hain Kaun (HAHK) series of 100 questions for Prime Minister (Narendra) Modi, the Congress party had pointed out how the Adani Group has repeatedly profited from well-timed, Modi-made raids by investigative agencies on its business competitors,» he said in a statement.

IndiGo has commenced new daily direct flights between Mumbai and Nairobi, starting August 5, 2023. Nairobi, Kenya’s capital, and largest city is 27th international and 105th overall destination in the 6E network.

fake messages regarding income tax refunds. Mumbai-based income tax and investment expert Balwant Jain said that you will get the refund after your ITR is processed. “Please note that the refund does not come instantly but will be issued to you after the details of taxes already paid are verified by the income tax department from the information available with it," Jain said.

BEST — Mumbai's civic transport utility — over salary hike and other demands entered the fourth day on Saturday with more than 1,000 buses staying off roads, leaving commuters hassled. Of the total 1,671 private buses of the Brihanmumbai Electric Supply and Transport (BEST), 1,077 buses remained stationed at 18 depots, its spokesperson Sunil Vaidya said. The BEST operates buses from 27 depots across the city.

₹68.65 lakh in cash and documents of properties worth crores. As per the PTI news agency, the anti-money laundering agency recovered documents of 50 immovable properties located at various places in Maharashtra with a market value of more than ₹150 crore, fixed deposits and investments worth ₹15 crore, and jewellery worth ₹2.46 crore.

Vernon Gonsalves and Arun Ferreira, accused in the Elgar Parishad-Maoist links case, are likely to walk out of jail on Saturday as a special court here has issued their release order, a week after they were granted bail by the Supreme Court. A lawyer linked to the case said the special court hearing cases related to the National Investigation Agency (NIA) issued their release order on Friday and the accused are likely to walk out of the jail by this evening as their bail formalities before the court have been completed. The accused are currently lodged in Taloja jail in neighbouring Navi Mumbai.

INDIA is likely to hold its next meeting on August 31 and September 1 in Mumbai, sources said on Friday. They said it would be held in the format of the Bengaluru meeting with leaders first confabulating in an informal setting on August 31 before their main meeting the next day. «The opposition meeting will be a two-day affair and will take place on August 31 and September 1 with all leaders approving the dates,» a source said.

alliance. The MVA constituents had been holding parleys to schedule the meeting. Moreover, the sources also told the agency that Congress leader Rahul Gandhi also met RJD supremo Lalu Prasad Yadav has discussed a host of issues, including the way forward for opposition bloc INDIA.

MUMBAI : Two days after the death of renowned art director Nitin Desai, the Raigad police registered a case of abetment of suicide against five officials of Edelweiss and ECL Finance, including Rashesh Shah, chairman and CEO of Edelweiss group. The FIR also named chief risk officer of ECL Finance Smit Shah, R.K. Bansal from Edelweiss ARC, insolvency professional Jitendra Kothari, and Keyur Mehta.

MUMBAI : Stocks rebounded on Friday, snapping three straight days of losses, ending the session in the green. However, the markets ended lower for the second consecutive week. Foreign portfolio investors (FPIs) capitalized on the bounce, selling shares worth a provisional ₹556.32 crore, while domestic institutional investors (DIIs) bought shares worth a provisional ₹366.61 crore.