City Mumbai Financial News

Alliance (INDIA) to challenge the ruling BJP-led National Democratic Alliance (NDA). However, amidst this grand coalition lies one of the most critical challenges - the selection of a strong and unifying leader to spearhead the bloc.

Gaurav Gupta, will retain the remaining 10% stake in the firm, and Bain Capital will invest another 10 billion rupees to grow the business, according to the report by Business Standard. The management owns 10% stake in the company while billionaire Gautam Adani owns approximately 90 per cent. According to a report by India Today, Bain Capital has surpassed Carlyle to emerge as the frontrunner in the acquisition process.

RSS chief Mohan Bhagwat on Sunday said the discussion on good things happening in the country now is at least 40 times more than the talk on the bad things happening. He was speaking after inaugurating Shrimati Dhankuvrben Babubhai Dhakan Hospital (Suvarna Hospital) in Kandivali suburb of north Mumbai in the presence of Maharashtra Deputy Chief Minister Devendra Fadnavis. «Many times negative discussions are heard.

Mundra in Gujarat will start operations from March next year, helping cut India's dependence on imports and aiding energy transition, sources said. Copper is known as the «metal of electrification» as deeper electrification requires wires, which are primarily made from copper. Technologies critical to the energy transition like electric vehicles (EVs), charging infrastructure, solar photovoltaics (PV), wind and batteries, all require copper.Kutch Copper Ltd (KCL), a subsidiary of the group's flagship Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for the production of refined copper with 1 million tonnes per annum in two phases.

Anil Ambani group due to poor maintenance and non-payment of statutory dues, TOI quoted Maharashtra deputy chief minister Devendra Fadnavis told the assembly as saying on Friday. «They did not maintain the airports nor pay the statutory dues. We will consult the state advocate general and see if we can take charge of the airports by paying the dues and retrieving them later from the company,» said Fadnavis.

Mega block is suspension of traffic on a long stretch due to maintenance work.

Maharashtra's Raigad district. As reported by PTI, the massive landslide in the area resulted in the tragic loss of at least 27 lives. As of the morning's update, the NDRF official reported that no bodies have been recovered yet during the ongoing search and rescue operation.

The Maharashtra government is going to take back five airports from Anil Ambani's Reliance Airport Developers Private Limited (RADPL) firm, the state's deputy chief minister said in the Assembly. The Maharashtra government awarded the airports to RADPL, a subsidiary of Reliance Infrastructure led by Anil Ambani, for 30 years in 2009. The five airports include in Baramati, Nanded, Latur, Yavatmal, and Osmanabad.

Airport in Gujarat was flooded with knee-high water as per visuals shared on social media websites. The heavy rains induced water logging at the airport have led to passengers facing trouble in reaching for their flights on time while authorities have asked the passengers to check in with their airlines about their flights.

Nykaa have dominated the sector in the recent past, it is increasingly seeing consolidation of brands or bigger conglomerates making an entry. The latest is Radhakishan Damani, billionaire investor and founder of Avenue Supermarts that runs the D-Mart chain.

New Delhi: Homegrown lifestyle brand Fabindia has partnered Dolomite Restaurants Pvt Ltd to open Jamie Oliver’s branded cafes at many Fabindia Experience Centres across the country. Dolomite Restaurants is the master franchise of Jamie Oliver brands in India and operates Jamie’s Italian, Jamie’s Pizzeria, Jamie’s Diner and Jamie’s Cafes. Fabindia operates 357 stores in 127 locations across the country, apart from 13 international outlets.

Gautam Adani, the Chairman of Adani Group, has promised to change Dharavi so much that it will produce millionaires without the slumdog prefix. Adani Properties, an Adani Group company, has recently won the bid to redevelop Dharavi, an area spread over nearly 600 acres of prime land in the heart of Mumbai.

Altre has raised $1million in a pre series A round to grow technology, capability and teams across the country. Altre is a B2B fulfilment marketplace for commercial real estate.

Arvind Kejriwal on Saturday said Delhi's green cover has to be increased from the existing 23 per cent to 25 per cent in the coming years to make the national capital world's greenest and cleanest city. Kejriwal, attending a Van Mahotsav where Delhi Lt Governor V K Saxena was the chief guest, said this year, more than one crore saplings will be planted across the city.

Aditya Birla Capital Capital, has extended debt worth Rs 40 crore to Agami Realty’s premium residential project involving redevelopment of a housing society in Kala Nagar near Mumbai’s business district Bandra-Kurla Complex (BKC). The project to be developed on the land parcel spread over a quarter of an acre is estimated to have a development potential of about 1 lakh sq ft and a free-sale component of about 45,000 sq ft.

Manipur, offering evidence of the barbaric ethnic clashes in the northeast state just a day after footage appeared of women being paraded naked before they were allegedly gang-raped by a mob. In the latest video, a man's head getting chopped has shaken the internet. In this case, the victim is from the Kuki community.

After days of severe rainfall in the city, Mumbai will witness heavy rainfall on Saturday. The Indian Meteorological Department has issued orange alert for Mumbai, Thane, Raigad, and Ratnagiri. Moreover, a red alert has been issued in Palghar district.

New Delhi: The Railways will armour 3,000 km of its network covering the Delhi-Mumbai and Delhi-Howrah routes with the protection system Kavach system, the government said on Friday. In a written reply to a question in Rajya Sabha, Minister of Railways, Communications and Electronic & Information Technology, Ashwini Vaishnaw said, “Kavach tenders have been awarded for Delhi – Mumbai & Delhi – Howrah corridors (approximately 3000 Route km) and work is in progress on these routes. Indian Railways is preparing Detailed Project Report (DPR) and detailed estimate for another 6000 RKM." He added that Kavach has so far been deployed on 1465 Route km and 121 locomotives (including Electric Multiple Unit rakes) on South Central Railway.

MUMBAI : Despite rising raw material prices and energy costs, Aditya Birla Group-owned UltraTech Cement Ltd, on Friday, reported a 6.6% jump in consolidated net profit to ₹1,688.45 crore for the first quarter of FY24 as compared to ₹1,584.08 crore a year ago. The profit beats Bloomberg analysts’ estimate at ₹1,615.3 crore for the country’s largest cement-maker. During April-June, the company’s revenue from operations increased by 17% y-o-y to ₹17,737 crore against ₹15,163.98 crore in Q1 FY23.

₹650 crore terminal building at Shirdi airport," Devendra Fadnavis said. He also informed the state assembly that the Maharashtra government is planning to set up a dedicated authority for efficient airport management.

NEW DELHI : With the 2023 ICC Men’s Cricket World Cup captivating cricket fans, domestic airfares to Ahmedabad, where the crucial India-Pakistan match will be played on 15 October, have surged more than fourfold. Fares have shot up as fans scramble for tickets to witness the clash between the two teams in India after more than a decade. The last time India and Pakistan played each other on Indian soil was on January 2013 in Delhi.