City Mumbai Financial News

24.07 / 16:03

Matrix film Actor show country K Raheja Corp buys 3.7-acre land parcel in Mumbai’s Mulund for Rs 130 cr

K Raheja Corp has acquired a 3.72-acre land parcel on LBS Marg in Mumbai’s central suburb Mulund for Rs 130 crore. The company is planning to develop a premium residential project on the said parcel. K Raheja Corp has paid stamp duty of Rs 7.80 crore for the registration of the deal that took place on June 16.

24.07 / 12:33

Reuters Booking Aviat Airlines DGCA asked to de-register 54 aircrafts leased to Go First: Rajya Sabha informed

DGCA is subject to the outcome of the cases before National Company Law Tribunal, Delhi and High Court of Delhi" The Mumbai-based carrier Go First, which stopped flying on May 3, is undergoing an insolvency resolution process, and it has cancelled all its flights till 25 July. DGCA on Friday said it has approved Go First's plan to restart operations with 15 aircraft and 114 daily flights with a host of conditions, including the availability of required interim funding.

24.07 / 04:41

Orange Schools Maharashtra: All schools to remain closed in Raigad on Monday amid prediction of heavy rains

Raigad district will remain closed on Monday amid the prediction of heavy rains in the region. District Collector Raigad, Yogesh Mhase said," All schools to remain closed in the Raigad district today in view of the heavy rains in the region. IMD has issued Orange Alert for Raigad." Earlier, the rescue operation by the National Disaster Response Force (NDRF) team was called off on Sunday at the landslide-hit Irshalgad in Raigad which claimed 27 lives.

24.07 / 03:45

BLOCK Man Waters Orange heavy rain Schools Updates Maharashtra Heavy Rain Alert: All schools shut in Raigad today; One person swept away in Palghar. Top Updates

heavy rainfall in the Raigad district of Maharashtra, all schools in the area will remain closed today. As reported by ANI, the District Collector, Yogesh Mhase, announced this decision in response to the Orange Alert issued by the Indian Meteorological Department (IMD) for Raigad. The India Meteorological Department (IMD) on Sunday predicted moderate spells of rain to likely occur at isolated places in Mumbai, Thane, Palghar, Sindhudurg, Ratnagiri, and Raigad districts during the next 3-4 hours.

24.07 / 01:07

BLOCK Traffic Mumbai Maharashtra rains: Landslide blocks traffic on Mumbai-Pune Expressway

Mumbai, occurring on Wednesday night. At least 17 of 48 houses in the village were fully or partially buried under the landslide debris, officials said.

24.07 / 00:27

UPS Lowe's Target Compilation RIL stock could take a breather as D-Street digests Q1 results

Reliance Industries, India's most valuable company, may decline on Monday after the company's June quarter results fell below the estimates of a section of the market. The perceived earnings miss, which has come on the heels of the 31% record-breaking surge in the stock price from its 2023 lows in March, could dampen investor sentiment in the absence of near-term positive triggers, said analysts.

23.07 / 18:47

Enterprise performer Robust home sales improve realty companies' liquidity profile

property market over the last three financial years has resulted in robust improvement in liquidity and credit profile of key listed real estate developers since the outbreak of the Covid-19 pandemic. The buoyancy in residential demand in mid, premium and luxury segments across India's top property markets including Mumbai, Delhi-NCR, Bangalore, Pune, Kolkata, and Hyderabad has pushed both collections and realisations of these companies' higher.

23.07 / 18:27

UPS AXY Manufacturing track dividend Vedanta’s dividend payouts to parent concern lenders

MUMBAI, NEW DELHI : Banks have turned cautious on their exposures to Vedanta Ltd, worried that sizeable dividend payouts to ease the parent’s debt burden might stress the balance sheet of the domestic entity to which they have loaned money, said two bankers close to the matter. Bankers said a clutch of lenders have been discussing their stand on Vedanta and are uncomfortable with high dividends to help its London-based parent Vedanta Resources deleverage. They said they are closely watching their exposures but added that the company has been repaying loans on time.

23.07 / 18:27

UPS Lowe's NIFTY Small investors cash out as markets rally

MUMBAI : Small investors, who piled on to shares in the three years to 31 March, have turned net sellers in the June quarter despite the market rallying 14% from a March low to record highs by June-end on robust purchases by foreign portfolio investors (FPIs). Market experts attributed the selling by small investors to a combination of initial scepticism about the rally and the need to meet margin calls on loss-making derivatives positions.

23.07 / 18:11

COST Provident Lowe's Aware Airlines Go First looks at external funding for contingency plan

The airline had filed for voluntary insolvency proceedings on May 3 before the Mumbai bench of the NCLT, attributing the decision to protracted delays in sourcing airworthy engines from Pratt & Whitney (P&W). The Insolvency and Bankruptcy Code (IBC) provides for priority funding after a company has been admitted in NCLT at higher rates. This is considered in corporate insolvency resolution process (CIRP) costs and remains above banks' in the priority list of repayment, people familiar with the matter said.Bank of Baroda (BoB) and Central Bank of India (CBI), the two lead lenders for the grounded airline, have in principle agreed to lend Rs 450 crore, but needs approval from their board.

23.07 / 18:11

UPS Enterprise performer Sustained housing sales helps improve developers’ liquidity, credit profile

The buoyancy in residential demand in mid, premium and luxury segments across India’s top property markets including Mumbai, Delhi-NCR, Bangalore, Pune, Kolkata, and Hyderabad has pushed both collections and realisations of these companies’ higher. The performance helped strengthen their leverage and credit profiles and this is expected to sustain over the medium term.

23.07 / 17:31

Reuters Booking Aviat Aware Airlines Assurant Go First cancels flights till 25 July

Go First also assured that they will be able to resume booking shortly. “As you are aware, the company has filed an application for immediate resolution and revival of operations. We will be able to resume bookings shortly" the statement read.

23.07 / 16:11

Target Action country AIM Taking aim at retail inflation is a very complex challenge for RBI

₹200 per kg in some parts of Mumbai. But with a weight of around 0.6%, they have shown negative inflation for the last three months, with the latest being -35% in June. This reads odd, but it is a statistical reality, as the base was high last year, which has given us such a counter-intuitive outcome.

23.07 / 16:11

COST Aviat Adventure social classical The list of stuff only the super rich can buy has shrunk

₹10 lakh in today’s money. Today, for half that amount, you can get a first-class return ticket on a Mumbai-New York flight. Billionaires who undertake outlandish space and marine missions are pioneers who pave the way for the same adventures to become mass market.

23.07 / 16:11

COST UPS Citi Software Why demand for office space is experiencing a lull

real estate services firm CBRE in the March-ended quarter found that 96% of businesses expected employees to work at least three days a week at office once stability returns, up from 91% last year. Around 40% hoped to have work-from-office fully. A survey by Unispace found 92% of employees expect to work at least four days a week in the office in the near future.

23.07 / 14:55

Maharashtra landslide: NDRF calls off operation, says minister; no body found on Sunday, toll stays at 27

landslide in Irshalwadi in Maharashtra's Raigad district, state minister Uday Samant said on Sunday. Addressing a press conference, Samant, who is guardian minister of Raigad, said the decision was taken in consultation with the district administration and other concerned authorities as well as local residents.

23.07 / 14:37

UPS IPO Target stake Bain Capital to buy out 90% stake in Adani Capital, Adani Housing

Bain Capital has also committed $120 million in primary capital to facilitate the company’s ongoing growth. “I have known Gaurav since his days as an investment banker," said Gautam Adani, the chairman of Adani Group. “He wanted to become an entrepreneur and I backed him.

23.07 / 13:23

Citi FIVE Digital Manufacturing performer Industrial & Warehousing demand in India stable in H1 2023: Colliers

New Delhi: Industrial and warehousing demand across the top five cities was stable during H1 2023 with 11 mn sq ft of leasing, compared to the same period last year, professional services and investment management company Colliers said in a report. According to it, Delhi-NCR continued to lead demand with 25.0% share, closely followed by Mumbai at 24.6%.

23.07 / 13:07

Aviat Manufacturing Airlines Boeing Returns Dubai-bound Air India flight returns to Kerala two hours after departing. Here's why

Air India flight, IX 539, which took off with 174 people onboard -- including the crew -- from here at 1.19pm returned back and landed safely at 3.52pm, an airport official said. "The plane landed safely. All passengers and crew are fine.

23.07 / 10:33

Citi FIVE Manufacturing India’s industrial and warehousing demand stable in first half of 2023: Colliers

New Delhi: Industrial and warehousing demand across the top five cities was stable during the first half of 2023 compared to the same period last year, with 11 million square feet of leasing, professional services and investment management company Colliers said in a report. According to Colliers, Delhi NCR continued to lead demand with 25% share, closely followed by Mumbai at 24.6%.

23.07 / 09:43

Action social Maharashtra: MNS workers ransack Nashik toll plaza after party founder's son Amit Thackeray is stopped

Amit Thackeray was stopped at it earlier, an official said. He is the son of MNS founder Raj Thackeray and was reportedly stopped at Gonde toll plaza in Sinnar at 9:15pm on Saturday while on his way to Mumbai due to some mismatch in his vehicle's Fastag details, he said.

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