City Mumbai Financial News

16.03 / 02:23
markets Mobile wellness Everest stage reports Interviews Uber in early discussions with EV ride-hailing startup BluSmart for a possible acquisition
Uber Technologies is in early stages of discussions to acquire BluSmart Mobility, the Gurugram-based all-electric cab service operator, two people in the know said. A deal could help Uber increase its presence in the growing space for electric cabs in India as well as signal consolidation in the urban mobility industry. The discussions come at a time when Gensol Engineering, the solar engineering procurement and construction company promoted by BluSmart cofounder Anmol Singh Jaggi, is facing liquidity issues. “Uber is scoping out BluSmart’s assets...particularly the electric vehicle fleet, which could help shore up its presence in the segment,” one of the people said.
15.03 / 11:55
UPS Research wellness Experts track information travelers Unlocking sleep: 10 common questions answered
Subscribe to enjoy similar stories. One of the worst curses of modern life is sleep deprivation, leaving hundreds of millions bleary eyed every single day. Sleep plays a critical role in our lives as our brains and bodies reset, recover and replenish so that we may function glitch-free- every day.
15.03 / 11:47
COST Citi security Analysis show country Realty firms buy nearly 6,000 acres land during 2022-24 for Rs 90,000 cr to build projects
Real estate developers have acquired 5,885 acres land during 2022-24 for Rs 90,000 crore to build projects amid strong demand for housing and commercial assets, according to JLL India. Real estate consultant JLL India data showed that real estate developers bought 1,603 acres of land in 2022 for Rs 18,112 crore, 1,947 acres in 2023 for Rs 32,203 crore. During 2024, the land acquisition by developers touched 2,335 acres costing Rs 39,742 crore. During the 2022-24 period, real estate developers bought 5,885 acres for Rs 90,057 crore.
15.03 / 08:57
Citi WhatsApp stage rowing Indian Super League announces dates for 2024-25 season playoffs
Indian Super League (ISL) on Saturday announced the dates for the 2024-25 playoffs with two-legged semifinals scheduled between April 2-6 and the final to be played on April 12. The league stage concluded on March 12. The Knockouts will be played on March 29 and 30, and the semifinals will be held on April 2, 3, 6 and 7. Mohun Bagan SG created history by clinching the League Shield for the second season in a row, becoming the first team in the competition to do so. Along with Mohun Bagan SG, FC Goa (2nd), Bengaluru FC (3rd), NorthEast United FC (4th), Jamshedpur FC (5th) and Mumbai City FC (6th) all confirmed their spots in the playoffs. In the playoffs, the teams ranked third to sixth will battle it out in two single-legged knockout matches to determine the opponents for Mohun Bagan SG and FC Goa, who made it directly to the semi-finals.
15.03 / 04:09
UPS Provident WhatsApp reports travelers Department NRI status and tax: Job search abroad part of non-resident stay, rules Mumbai ITAT
ITAT) in Mumbai has ruled in favour of an individual who claimed non-resident status for tax purposes as he had spent 210 days abroad for work and job search, according to a TOI report by Lubna Kably. The tribunal clarified that an individual’s tax residency status must be decided only based on the number of days spent in India. M Gulati, the taxpayer, did not disclose his overseas income of Rs 1.2 crore for the financial year 2015-16, asserting that he was a non-resident because he stayed in India for less than 182 days. The Income-tax department, however, contended that of the 210 days spent outside India, 28 days were used to search for employment and thus should not be counted. Based on this, the department treated him as a tax resident, making his global income taxable in India. The ITAT rejected this argument and held that days spent abroad for seeking employment must be considered as valid for determining non-resident status. The tribunal referred to Explanation 1 to section 6(1) of the Income-tax Act, which provides that if a person leaves India for employment purposes, they will be considered a tax resident only if they stay in India for 182 days or more in that year.
15.03 / 03:43
MET Extreme Actor reports gatherings Relationships Aamir Khan reveals how he kept romance with Bengaluru girl Gauri Spratt private for almost 2 years: 'I flew frequently to meet her'
Aamir Khan approaches his milestone 60th birthday, he has officially confirmed his romantic relationship with Bengaluru-based hair stylist Gauri Spratt. The Bollywood superstar introduced Gauri to the media during a casual pre-birthday gathering, where he shared that his family wholeheartedly approves of his new partner. Additionally, he disclosed that she has already met industry heavyweights Shah Rukh Khan and Salman Khan. According to various reports, the couple has been in a relationship for approximately a year and a half. Aamir, known for being extremely private about his personal life, managed to keep his relationship under wraps for a significant period. Addressing this, he playfully remarked at his pre-birthday event, «See, I ensured that none of you had even the slightest clue about this.» The actor then elaborated on how he successfully maintained secrecy, revealing that Gauri was residing in Bengaluru until recently. Since he would travel there to meet her, they were able to evade the ever-watchful eyes of the media. He explained that the media scrutiny in Bengaluru is not as intense as in Mumbai, allowing them to maintain a low profile.
15.03 / 01:37
markets Career security Fallout performer Courts Madhabi Puri Buch’s Sebi tenure: A legacy of reform, controversy, and resistance
Subscribe to enjoy similar stories. In August 2024, Madhabi Puri Buch, then-chairperson of India’s market regulator Securities and Exchange Board of India (Sebi), was on a long-overdue vacation in Turkey when a crisis erupted. Hindenburg Research, the now-defunct US short seller, alleged that Sebi’s probe into its January 2023 reporton the Adani Group was compromised.
14.03 / 20:11
MET Actor Celebrity social reports Relationships What happened when Tamannaah Bhatia and Vijay Varma met at Raveena Tandon's party
Tamannaah Bhatia and Vijay Varma, whose relationship has been the subject of much speculation, were recently spotted at Raveena Tandon’s Holi celebration. The duo, however, carefully avoided being photographed together, further fueling rumors about their alleged breakup. The grand Holi party, hosted by Raveena Tandon and her husband Anil Thadani, took place at their Mumbai residence and was attended by several celebrities. Tamannaah and Vijay arrived separately and participated in the festivities alongside Raveena’s daughter, Rasha Thadani, with whom they share a close bond. Social media influencer Ashish Chanchlani, filmmaker Abhishek Kapoor, and his wife Pragya Kapoor were among the other notable guests present at the event.
14.03 / 17:17
markets Enterprise trends President poverty country innovations Why did Narayana Murthy call the rising AI trend in India as silly, old programs? Infosys co-founder shares areas with greater potential
Infosys co-founder, Narayana Murthy, while speaking at the TiECon Mumbai on Wednesday commented on the rising hype around artificial intelligence (AI) in India, claiming that many systems marketed today as AI were simply traditional programming. “I think somehow it has become a fashion in India to talk of AI for everything. I have seen several normal, ordinary programs touted as AI,” Murthy commented during the annual entrepreneurial conference.
14.03 / 10:25
UPS HANS film Actor Celebrity hospital Director Ayan Mukerji's father also Kajol's uncle, dies at 83. Who was actor Deb Mukherjee?
Veteran actor Deb Mukherjee, father of acclaimed director Ayan Mukerji, passed away at the age of 83. He had been unwell and was hospitalized, where he breathed his last at 9:30 am today, March 14 (Friday). His funeral will take place today evening 4pm at Pawan Hans, Mumbai. Just last year, during Durga Puja celebrations, Deb Mukherjee was actively involved in the festivities alongside his nieces-actresses Kajol and Rani Mukerji. Deb Mukherjee's personal life was marked by two marriages. From his first marriage, he had a daughter, Sunita, who is married to renowned director Ashutosh Gowariker. His second marriage blessed him with a son, Ayan Mukerji, who has made a significant mark in Bollywood with films like Wake Up Sid, Yeh Jawaani Hai Deewani, and Brahmāstra: Part One – Shiva.
14.03 / 06:31
Hollywood Actor Photos social actress reports Headlines 'She looks like Hollywood actress': Aamir Khan's new GF Gauri Spratt sends internet into frenzy
Bollywood superstar Aamir Khan made headlines by introducing his new partner, Gauri Spratt, during a candid media interaction in Mumbai. The actor, known for keeping his personal life under wraps, confirmed that he and Gauri have been together for over a year and a half. Gauri, who reportedly hails from Bengaluru, has now become a topic of intrigue among fans. Following Aamir’s revelation, social media was abuzz with discussions, with many users even unearthing and sharing photos of her online.
14.03 / 06:31
markets COST Target Aviat Remark performer International InterGlobe Aviation among 2025’s best stocks? Hemang Jani thinks so
Hemang Jani expressed a strong bullish stance on InterGlobe Aviation-held IndiGo, stating that the stock should be a core holding in investor portfolios. Highlighting key growth drivers, he pointed to upcoming infrastructure developments and operational advantages that position the company favorably in the aviation sector. «This (IndiGo) has to be the allocation stock and could be one of the best performing stocks in 2025,» Jani remarked in his interaction underscoring the potential upside for investors looking to capitalize on growth in the aviation sector.
14.03 / 04:57
MET film Actor information gatherings Relationships How romantic is actor Aamir Khan? New girlfriend Gauri Spratt spills the beans
Aamir Khan has officially confirmed his relationship with Gauri Spratt, revealing that they have been together for over a year. A day before his 60th birthday, Aamir introduced Gauri to the media at an informal gathering, putting an end to speculation. Khan mentioned that he felt it was a good opportunity to introduce her, adding that it would also put an end to the need for secrecy.
14.03 / 00:51
markets Career President rights Interviews Relationships Profiles Returning from a career break? Employers may bet on you in a slow job market
Subscribe to enjoy similar stories. When Harini Kartik applied for the role of a manager with a private lender in 2022, one interview question would have been obvious: "Why do you want to return to the workplace?" Kartik, 45, who holds an MBA degree and worked at two private banks from 2001-2006, had quit her corporate job to take care of her family. “I worked in between as a teacher, but when my son turned 16, I decided to give the corporate sector another go," she told Mint.
14.03 / 00:51
markets Align Metro Food Research travelers Online-first gourmet food startups seek offline expansions to drive discovery
Subscribe to enjoy similar stories. Online-first food brands selling gourmet and premium snacks and groceries like healthy chips and organic fruits and vegetables are increasingly eyeing expansions through offline retail to tap into the bulk of India’s consumers who still prefer buying essentials at physical retail stores.
14.03 / 00:51
markets UPS IPO Platform performer Interviews 3one4 Capital eyes new fund amid big gains on old bets
Subscribe to enjoy similar stories. Mumbai: 3one4 Capital, a homegrown venture capital firm, has successfully returned its first fund to investors with a performance of more than 1.0 DPI (distributed to paid-in capital). The firm is sitting on unrealized gains of around 4x in the portfolio companies of this fund, said Pranav Pai, founding partner and chief investment officer of 3one4 Capital, in an interview with Mint.
14.03 / 00:51
markets COST Target show social Ola Electric’s scooter deliveries hit as it renegotiates contracts with vehicle registration agencies to cut costs
Subscribe to enjoy similar stories. Ola Electric Mobility Ltd’s decision to renegotiate contracts with two of India’s largest vehicle registration agencies last month has resulted in prolonged delays in the deliveries of its scooters, according to store managers and complaints posted by buyers on social media. The waiting period for the company’s electric scooters increased to 20-45 days from 5-7 days before February, managers at seven Ola Electric stores across New Delhi, Mumbai and Bengaluru told Mint.
13.03 / 20:47
markets UPS Trade show information reports International Bears arrived at IndusInd months before the bad news broke
Subscribe to enjoy similar stories. Mumbai: Bears began converging at the IndusInd Bank derivatives counter as October drew to a close, a time when the private lender detected the debacle that would jolt its investors only months later.
13.03 / 17:45
MET film Actor audience information stars Relationships Is Andaz Apna Apna 2 becoing a reality soon? Aamir Khan drops big hint, says Salman and I definitely...
"...We would all want Andaz Apna Apna 2. We have told Raj ji (director Rajkumar Santoshi) to work on the script. As soon as his script is ready, Salman and I would definitely want to work on it. I think audience would want to watch Andaz Apna Apna 2...Raj ji is working on the script," said the Bollywood star. Aamir will be seen next in «Sitaare Zameen Par», a sequel to his 2007 movie «Taare Zameen Par,» which marked his directorial debut and received critical acclaim. The actor revealed that «Sitaare Zameen Par», directed by RS Prasanna, will be released in June. «It's a thematic sequel. It is many steps ahead of 'Taare Zameen Par', which was about a special child who is struggling. Here in this film, 10 special people are the protagonists, and I'm the antagonist,» the actor said.
13.03 / 10:47
Remark Schools Courts Interviews politician Investigations Court schools Abu Azmi over Aurangzeb remarks, cautions him to exercise restraint during interviews
Samajwadi Party MLA Abu Azmi has been cautioned by a Mumbai court to exercise restraint during interviews as any «irresponsible» statement by a senior politician like him can spark riots. Additional Sessions Judge V G Raghuwanshi schooled Azmi while granting him anticipatory bail on Tuesday in a case filed against the SP legislator for his remarks praising Mughal ruler Aurangzeb. The offence concerns some statements made during an interview and it means police do not need custody for seizure of any article or interrogation, the court said in the order, a copy of which was made available on Thursday. Noting that Azmi is a politician and businessman and it was improbable that he would run away from the course of justice, the judge said it was a «fit case to exercise discretion» in his favour. «Before parting with the order I would like to caution the applicant (Azmi) to exercise restraint on himself while giving interviews, having regards to prevailing circumstances. Any irresponsible statement can flare riots and create law and order problems,» the court said. «I hope the applicant, being a senior politician, will understand his responsibility,» it added.
13.03 / 07:07
Remark President poverty country Infosys cofounder Narayana Murthy cautions entrepreneurs against AI hype
Infosys cofounder N R Narayana Murthy on Wednesday sought to calm the «exaggerated» hype around artificial intelligence (AI) in India, noting that many systems being labelled AI were nothing more than old programming. “I think somehow it has become a fashion in India to talk of AI for everything. I have seen several normal, ordinary programs touted as AI,” he remarked at TiECon Mumbai, an annual conference of entrepreneurs. In a conversation with TiE Mumbai founding president Harish Mehta, Murthy explained that there are two fundamental principles behind true AI: the first is machine learning, which enables large-scale correlation to make predictions; the second is deep learning, which mimics how the human brain works, using unsupervised algorithms.

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