City Mumbai Financial News

27.07 / 09:13

Aware Action Discover cover rock Mumbai Python scales 13th-floor terrace of a Mumbai building, rescued

Mumbai's Ghatkopar (west), a four-foot-long Indian rock python was found perched on the terrace of a tower's 13th floor. As per ToI report, local residents were left astonished at how the python managed to ascend to such heights.

27.07 / 09:13

Provident Target Aware Strategy performer Baring stake Cipla promoters mull stake sale to top PE firms Blackstone, Baring Asia: Report

Cipla are in talks with top private equity (PE) players to sell a part of their total holding in the company, according to a media report. An investment bank has been hired to advise on the deal, and Blackstone, Baring Asia, among others, are in talks to explore a deal, the report said, citing three independent sources. The promoters own a 33.47% stake in Cipla, and this move is seen as a step towards succession planning for the company, the report said.

27.07 / 07:43

Action Remark Puzzle film Actor social Amitabh Bachchan faces backlash over old tweet about 'bras and panties'; netizens demand an apology

Amitabh Bachchan, the iconic Indian actor, found himself under scrutiny as an old tweet of his resurfaced and quickly went viral. The tweet, dating back to June 12, 2010, at 3:24 PM, raised eyebrows as it discussed a curious linguistic observation: «In the English language, why is 'bra' singular and 'panties' plural?» The tweet prompted a mix of reactions from netizens, leaving many puzzled about the reason behind Bachchan's unusual query.

27.07 / 07:09

COST UPS Metro track country social index India needs a multidimensional, local-level prosperity index

₹15,000 a month and living in a metro like Delhi or Mumbai is statistically not poor. But he is poor if one were to factor in the number of people his salary has to support, the cost of living in a metro, and the type of healthcare and education his family will be able to access.

27.07 / 05:25

Citi CAT film show track Inside Mumbai Leopard in Mumbai: Unwanted wild guest enters Marathi TV set, Goregaon Film City, creates panic. Watch video

Leopard scare in Mumbai: Panic struck inside a Marathi TV serial set in Mumbai's Goregaon, when a leopard entered into the premises on Wednesday. The incident created panic and havoc among the people present on the spot.

27.07 / 04:39

Citi FIVE Waters Extreme Videos From Telangana to Maharashtra: Monsoon mayhem across India in five videos | Watch

torrential rains and floods that continue to batter many parts of the state, hampering normal life. Incessant rain also lashed Mumbai the whole day, slowing down road traffic but services of suburban trains remained normal with slight delays, while in Punjab, 41 people have died and 1,616 are living in relief camps. 1) Water flowing over a part of NH-163 bridge in Mulugu, due to incessant rainfall in the city.

27.07 / 02:13

UPS COMPOSITE cover Weekly Mumbai Western Railways changes coach composition of Mumbai-Surat Express, extends trips of Bandra-Gorakhpur Weekly

Indian Railways, serving the route between Mumbai Central (MMCT) and Surat (ST) in India. It operates as Train No. 12922 from Surat to Mumbai Central and as Train No.

27.07 / 01:41

UPS Citizens Extreme Schools Colleges Rainfall creates havoc in India: Schools and colleges closed in THESE states till July 27 | Check list

1) Maharashtra: India Meteorological Department on Wednesday issues 'red alert' for Mumbai, Raigad, Ratnagiri and Sindhudurg districts. Keeping this in mind, all schools and colleges – government and private – in Mumbai will remain shut on 27 July, the Maharashtra government announced on Wednesday. 2) Delhi-NCR: All schools up to class 12 in Noida and Greater Noida were closed on Wednesday due to rain and waterlogging, the Gautam Buddh Nagar district administration said.

27.07 / 01:21

Citi Extreme Orange cover Schools services Mumbai Rainfall Alert! Mumbai recorded its wettest July: Schools closed, train services disrupted

IMD's Santacruz observatory (representative of Mumbai's suburbs), according to a report published by the news agency PTI. The weather office said, “From July 1 to July 26, 2023 morning 0830 hours (8.30 am), Santacruz (observatory) had recorded 1,433 mm. So today, this record for wettest July has been broken at 2030 (8.30 pm) on July 26, 2023, with the Santacruz observatory recording a total of 1557.8 mm so far." Incessant heavy rains lashed Mumbai throughout the day, prompting the weather office to upgrade the 'orange' alert to 'red' with effect from Wednesday night till Thursday afternoon.

27.07 / 01:01

Provident Platform Action Strategy Inside debate settlement Settlement with Sebi in ‘mirror trading’ case sparks a debate

Mumbai: A recent instance where a senior official of a broking firm settled a case with the Securities and Exchange Board of India (Sebi) for ‘mirror trading’ has sparked a debate over the legitimacy of such transactions. Mirror trading is a technique that allows an individual to copy the trade of another on a real-time basis. Mumbai-based Aequitas Investment Consultancy, a money manager run by Siddhartha Bhaiya, had alleged that Pawan Agarwal, a broker, executed trades for the fund as its broker while carrying out mirror trading.

26.07 / 23:02

Aviat Aware Airlines awards IBC NCLT allows Go First to use leased aircraft

NEW DELHI, MUMBAI : The National Company Law Tribunal (NCLT) has granted relief to bankrupt Go First, allowing the grounded airline to utilize leased aircraft as it prepares to resume operations. In an order issued on Wednesday, NCLT said that the civil aviation regulator Directorate General of Civil Aviation (DGCA), has not deregistered the aircraft, which means that they are available to the airline to resume operations.

26.07 / 23:01

COST Progressive Aware Enterprise Deloitte country UK pushes for bottling of whisky in third country

MUMBAI : British officials negotiating a free trade agreement (FTA) are advocating bottling their whisky ‘in transit’ in a third country for reasons related to cost, logistics, and ‘premium-ness’ of the products, a person aware of the development said. Negotiations on alcoholic beverages assume significance as India considers opening its vast market to countries such as the UK, Australia, Canada, and the European Union (EU) under the FTA route. India emerged as the world’s largest consumer of scotch whisky—a key UK export—last year.

26.07 / 19:11

UPS Booking Strategy GENZ performer stake Mahindra eyes 9.9% stake in RBL Bank

MUMBAI : Mahindra and Mahindra (M&M) Ltd has evinced interest in acquiring as much as a 9.9% stake in private bank RBL Bank Ltd, after picking up a 3.53% stake in the latter a week ago. “We may consider further investment subject to pricing, regulatory approvals, and required procedures. However, in no circumstance will it exceed 9.9%," said the Mahindra group in a regulatory filing on Wednesday evening while commenting on the stake acquisition in RBL Bank, which has recently expressed its new strategy to shift from bulk to granular deposits model to expand the bank’s margins beyond 5%.

26.07 / 18:25

UPS Citi Entertainment country ICC World Cup date change may spark hotel cancellations

₹75,000. A month ago, when World Cup schedule was announced, most hotels, including homestays, had taken an over 100% price hike in their asking room rate. Prices of 5-stars hotels had gone up from ₹5,000-8,000 a night to ₹40,000 to ₹1 lakh for 15 October.

26.07 / 17:37

UPS Booking CEO LIC MF ranking to jump a notch after merger with IDBI MF

MUMBAI : The integration of the IDBI Mutual Fund schemes with those of LIC MF could push up the ranking of the latter by a notch to 22 after the transfer concludes on 29 July, said a top official of LIC MF. The ranking is by assets under management (AUM). “We should get around ₹3,700 crore of AUM from IDBI MF, which when added to our AUM of upwards of ₹18,400 crore, gives a combined AUM of around ₹22,200 crore, which is dynamic depending on the market movement," said T.

26.07 / 17:37

COST Booking AXY reports Axis Bank reports 41% growth in Q1

MUMBAI : Private sector lender Axis bank reported a 41% year-on-year (y-o-y) increase in net profit for the first quarter of the current fiscal, driven by higher net interest income and fee income. Net profit stood at ₹5,797 crore in the three months through June, compared to ₹4,125 crore during the corresponding period last year. The bank’s profit missed analyst estimates.

26.07 / 17:05

UPS Strategy Colliers India adopts flexible office strategy, moves into Tablespace Pune

Property consultant Colliers India has adopted a flexible office strategy and as part of this, has moved into a new managed office space at Tablespace in Pune. Over the past three years, this is the fifth new office picked up by Colliers India, after Bengaluru, Gurgaon, Mumbai, and Hyderabad.

26.07 / 16:57

COST Citi Provident Maharashtra govt says no stamp duty on redeveloped housing society apartments

housing society that undergoes redevelopment need not pay stamp duty on the allotted permanent accommodation as part of the project. Following this, the member of the housing society undergoing redevelopment is expected to pay only Rs 100 as stamp duty, while the principal agreement between the development and the housing society will be charged as per the conveyance.

26.07 / 16:41

COST UPS Target Booking awards performer Margin is the villain of L&T story, for now

₹32,718 crore, aided by improved execution across segments. Further, order inflows from this segment jumped 80% y-o-y to almost ₹50,400 crore buoyed by the Mumbai Ahmedabad High Speed Rail project contract. This went a long way in driving consolidated order inflows, which also got a boost from large orders in the infrastructure and hydrocarbon segments.

26.07 / 15:43

Target BlackRock jio financial jio financial services services Financial India's Jio Financial Services, Blackrock to launch asset management venture

MUMBAI (Reuters) — India's Jio Financial Services, part of billionaire Mukesh Ambani led Reliance Industries, and Blackrock (NYSE:BLK) Inc will form a joint venture to launch asset management services in India.

26.07 / 12:37

MET Man Racing LinkedIn 27-year-old IIM Bangalore student dies of heart attack

cardiac arrest. IIM Bangalore in a tweet said that Ayush Gupta was a second-year PGP or Post Graduate Programme in Management student and also was a senior coordinator of the Student Alumni Committee of PGP. «We are deeply saddened by the demise of Ayush Gupta, our second-year PGP student, who suffered a cardiac arrest, this afternoon.

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