City Mumbai Financial News

OYO on Tuesday announced its foray into premium resorts and hotels category with the launch of its new brand -Palette with plans to have a total of 50 properties by second quarter of FY24. The company has started 10 Palette resorts as a pilot in Jaipur, Hyderabad, Digha, Mumbai, Chennai, Manesar and Bangalore.

India has made remarkable progress in its quest for a sustainable future, showcasing significant advancements in the field of green buildings. The country has emerged as a global leader in incorporating sustainable and eco-friendly practices into the real estate sector, demonstrating a strong commitment to energy-efficiency and environmentally-conscious materials. The green building revolution in India has been further bolstered by proactive government policies and initiatives.

Regional Meteorological Centre (RMC) at Mumbai has issued an 'orange' alert for Maharashtra's Palghar district, predicting heavy to very heavy rainfall at a few places here over the next two days, the local administration said on Tuesday. In view of the forecast, Palghar Collector Govind Bodke on Tuesday issued an advisory asking citizens to remain extra cautious, remain indoors and not to venture into rivers, lakes and other water bodies, the district administration said in release. District Disaster Management Cell chief Vivekanand Kadam said the RMC Mumbai has issued a 'yellow' alert for Tuesday, predicting heavy to very heavy rainfall at isolated places in Palghar. For Wednesday and Thursday, it has issued an 'orange' alert, forecasting heavy to very heavy rainfall at a few places in Palghar district, he said in the release. The collector has advised citizens to avoid going out of the house, not to take shelter under trees, and not attempt to cross the flooded and overflowing rivers, creeks and streams. The advisory also asked citizens not to venture into the water bodies, and not to carry any metallic object with them when moving out.

India's masoor/lentil dal imports are set to soar as this cheaper substitute is being used to replace arhar/pigeon peas in sambar and dals at restaurants, dhabas and canteens. Being 60-70% cheaper and comparable in taste and texture to arhar, masoor has become a popular substitute for arhar in institutional setups. When eating dal or sambar at a restaurant, the chances are high that it is made either fully or partially using masoor dal instead of the traditional recipe of using arhar dal.

Yogi Adityanath and PM Modi government are on target. The accused also threatened to be ready for anothet 26/11 terrorist attack.

₹5 lakh crore in Uttar Pradesh by 2024. The announcement was made during an event in Lucknow where Gadkari presented development projects valued at over ₹3300 crore. The ceremony was attended by Chief Minister Yogi Adityanath and Defence Minister Rajnath Singh.

LTIMindtree, which now features in India’s top 50 stocks gauge after HDFC’s merger into the lender it spawned, Monday missed forecasts to report a 4% June-quarter profit growth in what the company described as a “challenging macroeconomic environment”, potentially denting the prospects of double-digit revenue growth in FY24. Net profit for the three months ended June was Rs 1,152.3 crore, compared with Rs 1,105 crore a year ago. Revenue came in at Rs 8,702.1 crore, up 13.8% year on year, which also missed estimates.

MUMBAI : HDFC Bank Ltd, India’s largest private sector lender, reported a 30% increase in net profit driven by lower provisions for loan losses and increased other income. The bank’s first-quarter results, however, do not include the earnings of the merged entity, as the merger between HDFC Bank Ltd and its parent company, Housing Development Finance Corp. Ltd (HDFC), took effect on 1 July.

Mumbai: Temasek Holdings Pvt. Ltd has doubled its pace of investments in India, amid the valuation reset in the tech ecosystem, and will increase its focus on due diligence and scrutiny for potential investment opportunities, senior executives Ravi Lambah and Mohit Bhandari said in an interview. Over the past 15 months, the Singapore state investor committed nearly $4 billion in capital, including its stake in Manipal Healthcare Enterprises.

Mumbai: The surge in food prices that led to higher inflation in June is in line with the view of the rate-setting panel that the fight against inflation is far from over, the Reserve Bank of India (RBI) said on Monday. “Food price spikes typical of the onset of the monsoon drove up headline inflation in June, corroborating the monetary policy committee’s (MPC) view that the fight against inflation is far from over and monetary policy has to stay the course on the arduous last leg of the journey to align inflation with the target," said the article titled ‘State of the economy’ in the central bank’s July bulletin.

market supply, with prospective buyers increasingly viewing the resale market as a viable alternative. Factors contributing to this trend include a scarcity of newly constructed properties ready for immediate occupancy, a dearth of new developments, and escalating price hikes in major markets. «Recently, there has been a notable surge in the demand for resale residential properties across cities.

Vistara CEO Vinod Kannan on Monday said the airline will submit its response to the Competition Commission's queries on the proposed merger with Air India by the end of this month and expressed confidence of receiving all regulatory approvals by early next year. The Competition Commission of India (CCI) has sought more details on the merger of Vistara with Air India, a deal that was announced in November last year. «There are certain questions that have been asked.

MUMBAI : I never thought the last days of my youth would be spent worrying about a home loan," said Rahul, days before he entered his mid-thirties. “You turn 36, my dear," his wife Pooja, who had taken a break to complete her PhD in economics, replied. “I didn’t know 36 was young these days." “Well, the trouble with youth is that one assumes it will continue forever," replied Rahul.

Madhya Pradesh government will set up 9,000 'CM Rise' schools to provide quality education, Chief Minister Shivraj Singh Chouhan said in Shajapur district on Monday. He inaugurated a CM Rise School in Gulana village and announced that it would be named after legendary jurist and social reformer Babasaheb Ambedkar.

same meeting between the two factions was also held on Sunday. After the Sunday meeting, Praful Patel had said that Sharad Pawar only listened to the Ajit Pawar-led faction but didn’t say anything.

ICRA. The incremental absorption is estimated to remain at around 39 million sq ft, the level witnessed in 2022-23. Nearly 52% of the expected supply addition across these primary markets including Mumbai, National Capital Region, Pune, Chennai, Bengaluru, Kolkata, Hyderabad, and Ahmedabad will be in grade A category.

World Cup frenzy has already got India in its firm grip — and the India-Pakistan match is at the center of it all. All roads, and air-routes, lead to the Motera stadium in Ahmedabad, which is set to host the most-awaited match between India and Pakistan on October 15. And this is one time when being the early bird gets you nothing.

Adani Enterprises share price rallying over 3%. Adani Wilmar, Adani Total Gas and Adani Power share price gained over 3% each, while Adani Ports & SEZ and Adani Transmission rose over 2% each.

Adani Enterprises rose over 3% to Rs 2,459 on the NSE in Monday's trade after the Maharashtra government gave nod for the Dharavi Redevelopment project to one of its group companies. The rub-off impact was seen on other Adani Group stocks as all 10 stocks were trading in the green, gaining up to 5%. Adani Ports and Special Economic Zone rose 1.63%, Adani Wilmar 2.38%, Adani Power 2.27%, Adani Transmission 2%, Adani Total Gas 2.19%, Adani Green 0.74%, ACC 1.41%, Ambuja Cements 0.29% and NDTV 5%.

Katrina Kaif turned 40 on July 16 (Sunday). Her actor-husband Vicky Kaushal took to Instagram to wish a very happy birthday to the ‘Mere Brother Ki Dulhan’ star and also treated their fans to some adorable pictures of their vacation. Sharing two mushy pictures of themselves, the ‘Zara Hatke Zara Bachke’ actor wrote, “In awe of your magic … every day.

MUMBAI — After the stellar run by midcap and smallcap stocks in the recent months, a few sections in this segment do look a bit stretched, but one cannot say that the market is overheating, believes investment advisory firm Weekend Investing. “The large cap stocks and the more institutional invested portions of the markets are not heated at all.