City Mumbai Financial News

Sun Pharma is looking at high single-digit growth in its consolidated topline this fiscal on the back of robust performance from all its business verticals, according to company's Managing Director Dilip Shanghvi. The Mumbai-based company had reported a consolidated revenue of Rs 43,278 crore in 2022-23. «All our businesses are well-positioned, and we expect high-single-digit consolidated topline growth for FY24,» Shanghvi informed shareholders through company's Annual Report for 2022-23. He noted that the global pharmaceutical industry remains quite dynamic, and always buzzing with new avenues for capital deployment. Pursuing any one of these options can place considerable pressure on the balance sheet, he added. «Success is not guaranteed, and it is important for us that we remain thoughtful and selective in deciding which options to pursue. However, we will not shy away from making disproportionate investments to grow our businesses, should an opportunity present itself,» Shanghvi said. The drug maker is currently sitting on a net cash position of around USD 1.5 billion, he said.

Rocky Aur Rani Ki Prem Kahani', featuring the dynamic duo of Alia Bhatt and Ranveer Singh, commenced its theatrical run with a respectable start on the opening day. Though early estimates projected a collection ranging between Rs 12-15 crore on Day 1, the film garnered Rs 11.10 crore. Nevertheless, the film exhibited promising growth on its first Saturday, as per the latest estimates.

Also read: Monsoon rain: IMD predicts heavy rains in these states till 1 August. Check full forecast here In North India, Himachal Pradesh, Punjab, West Uttar Pradesh, Haryana, and east Rajasthan are likely to experience light to moderate rainfall until August 2. Western Uttar Pradesh, Uttarakhand, and eastern Uttar Pradesh are expected to receive light to moderate rainfall during the same period.

The Mumbai Police have heightened security outside Chabad house after images of the 26/11 terror attack were recovered from the phone of two terror suspects. A Google image of the five-storey landmark was recovered from two accused arrested for planning an attack in Rajasthan.

An upcoming Opposition meet in Mumbai may be postponed as several leaders of the INDIA coalition have flagged their unavailability. The meeting - scheduled for August 25 and 26 - is likely to be postponed until the first week of September.

World Cup, an inspection team from the International Cricket Council is checking the readiness of venues that will host the quadrennial extravaganza in October-November this year. The ICC team, which is currently at the Narendra Modi Stadium in Ahmedabad, has paid a visit to three venues in South — Bengaluru, Chennai and Thiruvananthapuram, where practice matches will be held — and the Wankhede Stadium in Mumbai. The reconnaissance unit dropped in at the M Chinnaswamy Stadium here on July 28, and expressed their satisfaction over the facilities.

Mumbai Police beefed up security outside Chabad House in Colaba after a Google image of Chabad House was recovered from two suspected terrorists arrested for planning an attack in Rajasthan. Notably, Chabad House was one of the targets of the 26/11 terror attack in Mumbai in 2008. The ATS took custody of Mohammad Imran Mohammad Yunus Khan and Mohammad Yunus Mohammad Yakub Saki – residents of Ratlam, Madhya Pradesh, from Pune a few days ago and were probing the case.

Intense rains lashed several parts of India in the past few weeks with Himachal Pradesh being the worst affected as more than 180 people lost their life in rain-related incidents. Thousands of people were displaced and properties worth crore was destroyed in the floods triggered by heavy rains in the state.

Indian Railways' Western Railway Mumbai Division on 30 July will operate Jumbo block on the Down Slow lines between Marine Lines and Mahim stations for carrying out maintenance of track, signalling and overhead equipment works. As per Railways, these maintenance are essential for infrastructure upkeep and safety. -The Jumbo block will be carried out for five hours from 10.35 am -3.35 pm.

alcohol, the police said on Saturday as reported by news agency PTI. The man identified as Manish Uttekar, resident of Thane's Wagle Estate area, shared a suicide note on social media claiming harassment by the traffic cops, however, a senior police official has denied the allegation. As per an official, Uttekar hanged himself in his home on Friday afternoon.

Warehouse by Mudita has emerged as a groundbreaking luxury multi-designer outlet, breathing new life into the Indian fashion industry with its unique approach of offering surplus inventory from top designers. With its innovative strategy of offering premium designer fashion at exceptional value, this visionary enterprise has made high-end fashion readily available to a wider audience. The recent exhibition in Kolkata stands as a testament to the brand's phenomenal success, surpassing expectations and capturing the city's passion for luxury fashion.

Tata Consultancy Services (TCS) has announced change in senior management positions (SMP). The Indian IT major informed Indian stock market bourses about the changes in its exchange communication. TCS executive vice-president K Ananth Krishnan will no more remain in SMP due to his upcoming retirement.

Real estate contracting and advisory firm ArisUnitern plans to raise Rs 350 crore through the alternative investment fund route this year, marking its foray into the real estate alternative financing segment in the country The proposed fund, which will have a green shoe option of Rs 100 crore, will be used for last-mile funding of residential projects. “We have already applied for the approval with the Securities and Exchange Board of India (Sebi) and are awaiting their reply,” said Srinivas Gopalan, chairman at ArisUnitern. The firm has ventured into development management of residential projects and plotted development by providing last-mile funding.

Mumbai rains LIVE -Light to Moderate fairly widespread to widespread rainfall with isolated heavy rainfall is very likely over Uttarakhand, Himachal Pradesh, Haryana, Chandigarh, Delhi, East Rajasthan on 29th July; over East Uttar Pradesh during 29th July-01st August, 2023. -The weather department has predicted Light to moderate fairly widespread to widespread rainfall with isolated heavy rainfall over the Central India region on 29th July and reduction thereafter.

Haier in Pune, Mumbai, and Noida, and the premises of its promoters. The searches are in connection with underreporting of income and royalty payment, officials said. The email and text query ET sent to Haier India remained unanswered till press time.

Bengaluru: Real estate contracting and advisory firm ArisUnitern plans to raise ₹350 crore through the alternative investment fund route this year, marking its foray into the real estate alternative financing segment in the country. The proposed fund, which will have a green shoe option of ₹100 crore, will be used for last-mile funding of residential projects. «We have already applied for the approval with the Securities and Exchange Board of India (Sebi) and are awaiting their reply,» said Srinivas Gopalan, chairman at ArisUnitern.

Advanced Micro Devices (AMD), which designs but doesn’t manufacture its own chips, will invest about $400 million in India over the next five years to expand research, development and engineering operations in the South Asian nation, Mark Papermaster, executive vice president and chief technology officer said on Friday. “I am pleased to announce that AMD will invest approximately $400 million in India over the next five years," he said. Making the announcement at the Semicon India 2023 conference, the top executive said that AMD will build a new campus in Bengaluru which will be AMD’s largest R&D facility in the world.

Maruti revolution where it wasn't just the Suzuki car coming in, it wasn't only about a car coming in, it was a way actually for the entire lifestyle, it was a thinking, it was an industrial culture which got changed," he said. "The second revolution was the metro revolution. I think it's had a very profound impact on the urban infrastructure of India," Jaishankar said.

₹18.7 crore, up 85% year-on-year. However, profit declined 15% sequentially.

₹400 crore of public money into the airline, which includes settling airport dues. According to the January order by the Mumbai bench of the tribunal, the effective date of the resolution plan was taken as 16 November.

landslide occurred on the Mumbai-Pune Expressway near Kamshet tunnel, the debris was completely cleared in the early hours of Friday, and all three lanes towards the state capital were closed for traffic for two hours in the afternoon, an official said. The landslide took place around 8 pm on Thursday, which affected the vehicular traffic towards Mumbai, he said.