City Mumbai Financial News

Chetan Singh to the custody of Government Railway Police till August 7 for allegedly shooting dead four persons on a moving train. The incident took place on Monday morning on board the Jaipur-Mumbai Central Express train near Palghar station on Mumbai's outskirts.

Chetan Sharma was escorting the train with two other constables and one Assistant Sub-Inspector (ASI) Tika Ram towards its destination Mumbai Central. As per a report by The Indian Express, Chetan Sharma requested his superior ASI to relieve him of duty early as he was unwell, but the ASI asked him to complete his duty which might have agitated Chetan.

Bigg Boss OTT 2, host Salman Khan found himself in the middle of controversy after losing his cool over contestant Elvish Yadav's use of derogatory language towards women inside the house. The incident took an unexpected turn as Canada-based gangster, Goldy Brar, supposedly tweeted threats against the Bollywood superstar, sparking concerns for Salman's safety. During the episode, Salman took a strong stand against Elvish's offensive remarks directed at fellow contestants Bebika Dhurve and Jiya Shankar.

Western Railway in a tweet has informed commuters of Mumbai local trains that due to a technical glitch, many AC local trains will run today (1st August 2023) as non-AC regular services. The Railways did not give any reason for this.Here are the Mumbai AC local trains that will run as non-AC — VR94018 (Departing ex Virar at 8.33 hrs) — BO94023 (Departing ex Churchgate at 10.24 hrs) — BO94030 (Departing ex Borivali at 11.35 hrs) — BO94035 (Departing ex Churchgate at 12.45 hrs) — BO94040 (Departing ex Borivali at 13.55 hrs) — BO94047 (Departing ex Churchgate at 15.05 hrs) — BO94050 (Departing ex Borivali at 16.18 hrs) — BO94055 (Departing ex Churchgate at 17.15 hrs) — BO94058 (Departing ex Borivali at 18.08 hrs) — BS94063 (Departing ex Churchgate at 19.00 hrs) — BS94072 (Departing ex Vasai Road at 20.41 hrs) — VR94077 (Departing ex Churchgate at 21.57 hrs) Some commuters vented their anger on social media.

Aditya Birla Group acquired full stake in KA Hospitality, announced the company on Tuesday. The acquisition has resulted in the addition of four new restaurant brands, Hakkasan, Yauatcha, Nara Thai and CinCin in its portfolio.

Aditya Birla New Age Hospitality has announced a deal to add four restaurant brands — Hakkasan, Yauatcha, Nara Thai and CinCin — to its portfolio. The hospitality arm of Aditya Birla Group has acquired 100% stake in KA Hospitality Private Limited (KAH), the company that owns the home-grown brand CinCin and franchise rights of the other three global restaurant brands. The four brands are positioned across the customer value pyramid, spanning the mid-market to premium segments.

Mumbai local trains update: Due to some technical issues, several Mumbai local AC services will be affected on Tuesday, said Western Railway. On Tuesday, many AC services will run as non-AC regular services today.

Narendra Modi on Tuesday condoled the loss of lives in the tragic accident at Shahapur in Maharashtra and announced an ex-gratia of Rs 2 lakh for the next of kin of each of the deceased and an assistance of Rs 50,000 for the injured persons.Sixteen workers were killed and three injured as a crane fell on a bridge slab during construction of the third phase of Samruddhi Expressway in Shahapur tehsil of Thane district on Tuesday, an official said. «Three to five persons are still feared trapped and efforts are on to rescue them,» an NDRF official said. The injured have been shifted to nearby hospital, he added.

price revision has been made for commercial LPG by oil marketing companies, while also keeping domestic cooking gas rates unchanged, according to a source. The monthly revisions for both commercial and domestic LPG gas cylinders occur on the first day of every month, with new rates being implemented from 1st June. The cost of 19 KG commercial LPG gas cylinders has undergone a substantial cut of Rs 99.75, effective from August 1st.

MUMBAI — The strong inflows into midcap and smallcap funds drove the outperformance of the broader market in the recent months, but the risk-reward doesn’t seem too favourable at the current juncture, according to Mayur Patel, fund manager — listed equity, 360 ONE Asset. It’s worth noting that the price-to-book valuation discount of the midcap and smallcap Indices compared to largecap indices, have significantly narrowed, he said.

₹98,508.26. Kolkata, another major metro, has also witnessed an upward trend in ATF prices, with rates soaring to ₹1,07,383.08 per kilo-litre. Meanwhile, Mumbai, the financial hub of India, recorded a price hike, with ATF now priced at ₹92,124.13 per kilo-litre.

Hindustan Times. The average rainfall in Mumbai Metropolitan reported from 8 am of 30 July to 31 July was 2.75 mm in Mumbai city, 12.43 mm in Eastern suburbs while 10.42 mm in Western suburbs. The water stock also in the city as of 6 am yesterday stood at 75.54 percent.

Kotak Mahindra Bank (KMB), India's third-largest private lender by market value, has denied that the banking regulator has suggested it hire an external candidate to succeed founder-CEO and richest Asian banker Uday Kotak, who is set to give up executive responsibilities at the end of this year. The ₹3.7-lakh-crore bank, among the four large lenders that make up India's top fifteen companies by market capitalisation, also denied a report that the RBI had directed it to reduce its stake in insurance ventures.

MUMBAI : Private equity firm Blackstone and the Chaudhry family, the two minority shareholders in Aakash Educational Services Ltd (AESL), have declined to swap their equity holding in the test preparation subsidiary unit with parent Think & Learn Pvt. Ltd (Byju’s), leading to a rift with Byju Raveendran and a potential impasse in the conclusion of a deal that was originally announced as a cash plus equity merger. Chaudhry and Blackstone collectively own 30% of AESL, while parent Think & Learn owns 43%, and the latter’s founder Byju Raveendran owns 27%.

₹150 billion in the financial year 2023-24. The Adani Group is gearing for local-currency debt sales as reported by Bloomberg. This debt sales will be the first since damaging allegations were made by Hindenburg Research earlier this year, according to people familiar with the development as cited by Bloomberg.

K Raheja Corp is planning to consolidate its residential real estate portfolio to improve focus on housing and increase the scale of the business. The group also expects to attract strategic and financial investments in the company, which is proposed to be its flagship residential real estate development entity.

MUMBAI : Adani Green Energy Ltd (AGEL) and Adani Energy Solutions Ltd (AESL), previously known as Adani Transmission Ltd, on Monday, reported mixed financial results for the first quarter of FY2024. Adani Green Energy’s consolidated net profit increased by 50.5% year-on-year to ₹322 crore from ₹214 crore in the previous year, while its revenue rose by 41.3% to ₹2,404 crore from ₹1,701 crore in Q1 FY2023. AGEL’s Ebitda from power supply increased by 53% year-on-year to ₹1,938 crore, with a high Ebitda margin of 92.5%.

RPF jawan shoots 4 persons dead onboard Jaipur-Mumbai train; DRM assures ‘probe’ While speaking to the media about the train firing incident, Western Railway Police Commissioner said, "He (RPF constable, Chetan Kumar) wasn't feeling well and lost his calm. There was no argument." Four Railway passengers including a Railway Protection Force ASI were shot dead by an RPF jawan who opened fire in the Mumbai-Jaipur Superfast Express, officials said on Monday. GRP commissioner Ravindra Shisve told reporters the constable has been identified as Chetan Singh.

Star pacer Jasprit Bumrah returned from a long injury lay off and will lead the Indian team in the three-match T20I series against Ireland to in Dublin. The three-match series is scheduled to be held from August 18 to 23.

The country’s financial capital witnessed over 10,221 property registrations in the month of July helping generate stamp duty collection worth nearly Rs 831 crore for the state exchequer. In July 2022, the city had seen stamp duty collection of Rs 829 crore on the back of registrations of 11,340, showed data from inspector general of registration, Maharashtra. «The demand in the mid-income and premium segment continues to be robust.

Registration for Xavier Aptitude Test (XAT) 2024, the national-level MBA entrance exam, has now begun. The test is scheduled to take place on Sunday, January 7, 2024. With its scores accepted by over 160+ prestigious management institutes across the country. For XAT 2024, the registration fee is Rs. 2100. However, candidates applying for XLRI programmes are required to pay an additional fee of Rs 200 each, according to an official release.