City Mumbai Financial News

The Supreme Court on Friday granted bail to activists Vernon Gonsalves and Arun Ferreira, charged with the Unlawful Activities (Prevention) Act (UAPA) in the Bhima Koregaon violence case, reports Bar and Bench.

A professor was arrested for allegedly sexually harassing a female co-passenger onboard a Delhi-Mumbai flight.

As per the report, the incident took place on Wednesday. The accused professor was seated next to the 24-year-old victim on the flight, which took off at 5.30 am from Delhi. According to the lady doctor's allegation, the accused made unwanted physical contact with her before the plane was set to touch down at the Mumbai airport, a police official told PTI.

Income Tax Department is conducting searches at multiple locations in Mumbai, Pune and Noida, including the offices and promises of promoters of Chinese home appliance company Haier on Friday. Officials said that the searches are in connection with a tax evasion and royalty payment.

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Vasco da Gama Nizamuddin-Goa Express were left stranded at the Manmad junction due to an unforeseen turn of events. The train, following a route diversion, arrived at the station an astonishing one-and-a-half hours earlier than its scheduled time and departed promptly, catching unaware passengers off guard.

MUMBAI — Eventhough valuations in the midcap and smallcap segments look a bit frothy, interesting themes to play on are only here given the large number of stocks available, believes Mihir Vora, Chief Investment Officer, Max Life Insurance. “While the space is small in terms of market capitalization, it is large in terms of the number of stocks,” Vora said. Some of the themes he likes in the midcap and smallcap segments are speciality chemicals, defence, railways, transmission and distribution, irrigation, logistics etc.

fresh landslide on the Mumbai-Pune Expressway near the Kamshet tunnel on Thursday night, said an official, adding that it has affected vehicular movement. The landslide took place at around 8 pm yesterday. The official stated that highway police personnel were on the spot and efforts were on to remove the debris on the busy 6-lane road, according to a report published by the news agency PTI.

Maharashtra's Palghar has announced the closure of schools and colleges on Friday due to a heavy rainfall alert issued by the weather department in the district. Similar closures will be observed in Ratnagiri and Thane districts as well. Meanwhile, the India Meteorological Department (IMD) issued a yellow alert for Mumbai on Friday.

Corporate Debt Market Development Fund (CDMDF) in Mumbai, Sebi has come out with the guidelines for the fund. The fund will act as a backstop facility for purchase of investment-grade corporate debt securities, to instil confidence among the participants in the corporate debt market during times of stress.

MUMBAI : Indians snapped up collateral-free loans at a brisk pace in the June quarter, at a time the banking regulator has turned uneasy over the unabated growth in consumption credit. Unsecured loan portfolios of banks grew in double digits in the first quarter, led by a surge in personal loans. The growth in personal loans at HDFC Bank was 19.5%, ICICI Bank 38.6%, Yes Bank 32%, and Axis Bank 21%.

NEW DELHI : India and Iran are expected to sign a long-term deal for the development of Iran’s Chabahar Port by September before the Global Maritime India Summit 2023 scheduled in New Delhi in October, two people familiar with the matter said. After years of negotiations, Delhi and Tehran are expected to sign a multi-year deal, allowing India to develop the Shahid Beheshti Terminal in the Chabahar port. In 2016, India Ports Global Ltd (IPGL) and Arya Banader of Iran had signed a contract to develop the port.

alliance had announced their name after a meeting in Bengaluru earlier this month. While its first meeting was hosted in Patna by Chief Minister Nitish Kumar's JD(U), the second occurred in Congress-ruled Karnataka.

Mumbai: The Securities Appellate Tribunal (SAT) on Thursday modified its previous order that directed the Securities and Exchange Board of India (Sebi) to appoint another whole-time member (WTM) to pass a final order in the Punit Goenka matter. A bench led by Justice Tarun Agarwala, said, “Considering the (Delegation of Powers, 2019) issued by Sebi we modify the directions of 10 July.

Sujit Patkar, a friend of Shiv Sena (UBT) MP Sanjay Raut, played a crucial role in criminal activities related to alleged irregularities in managing COVID-19 treatment centres in Mumbai and hatching a conspiracy with other partners of his firm as well as BMC officials, the Enforcement Directorate (ED) told a special court on Thursday. Patkar, arrested on July 19, received a «substantial» amount of proceeds of crime in his personal bank account from his company, Lifeline Hospital Management Services (LHMS), said the ED here while seeking extension of the businessman's remand in a money laundering case related to the alleged scam.

Ninety-six per cent of students in the age group of 14-17 years who took part in a survey do not know that vapes and similar electronic devices are banned in India, while 89 per cent of them are unaware of their harmful effects, according to a study. The survey findings come amid the Union Health Ministry sending notices to 15 websites selling e-cigarettes, which are banned in India, directing them to stop advertisement and sale of the products.

The Indian Metrological Department (IMD) on Thursday said that they have issued an orange warning for the state capital which has already experienced the wettest July in decades. The weather agency had earlier issued a red alert for Thursday in Mumbai. "Monsoon in entire Maharashtra has aggravated as it is active in the Southwest region.

Mumbai rains: Slight waterlogging was witnessed on the railway tracks between Churchgate - Marine Lines railway station. However, reports have stated that train movement is smooth. Commuters complained of waterlogging on tracks between Churchgate and Marine Lines stations, but the Western Railway said the train services was not disturbed.

The luxury housing segment in India maintained strong sales momentum, registering a 130% Y-o-Y increase in Jan-Jun’23 period. Total sales of luxury units during Jan-Jun’23 period stood at 6900 compared to 3000 units during the same period last year, according to a CBRE report.

buyback of shares will be fully subscribed as it offers shareholders around 15% premium to the market price, chief financial officer R. Shankar Raman told Mint in an interview. “If you look at various offers that have been put out, they've been between 15 and 20% premium and our assessment of the market is that it is around 15% premium.

Mumbai suburb of Mulund. The snake was later rescued and handed over the forest department. Mumbai has been seeing heavy rains for the last few days, leading to waterlogging in many areas. Rains likely would have also flooded the natural habitats of the animals. Quoting an animal activist, Times of India reported that the Indian rock python was noticed on the terrace of Vraj Paradise building on LBS Road, Ghatkopar (west), on Tuesday. But the python was in bad shape as it was covered with wet cement as some construction activity was going on this terrace, the activist said. Mumbai forest department personnel were informed who later rescued the snake. According to Wldlife SOS, the Indian Rock python is one of the largest snake species found in India. It can measure up to 20 feet in length and weigh up to 90 kg. They are native to the Indian subcontinent. They are often found closer to water sources and said to be excellent climbers of trees and rock surfaces.