City Mumbai Financial News
17.07 / 02:29
UPS
Citi
Chase
Mumbai
Mumbai dogs get Aadhaar card for easy identification. All you need to know
airport on Saturday morning. The unique identification cards were strung around their neck with QR codes. After scanning the codes, one can get the dog's complete information which can be used in case he is lost. The Brihanmumbai Municipal Corporation (BMC) also vaccinated the dogs outside terminal 1 of Chhatrapati Shivaji Maharaj International Airport, Sahar, according to a report published by The Times Of India. Akshay Ridlan, an engineer from Sion, came up with the idea of tagging Aadhaar cards for dogs through an initiative titled ‘pawfriend.in’ He said that the team of ‘pawfriend.in’ started chasing the stray dogs to fix the QR code tags and to vaccinate them at 8.30 am on Saturday.
16.07 / 20:11
UPS
Lowe's
NIFTY
Sovereign gold bond sales hit record ₹4,600 cr in Jun
MUMBAI : Amid last month’s stock market breakout, Indians purchased the largest quantity of sovereign gold bonds (SGBs) at 7.77 tonnes worth a whopping ₹4,604 crore in the first series of this fiscal year, underscoring the preference for an asset that acts as a hedge against inflation and a safe-haven asset at times of global uncertainty. The SGB scheme, run by the Reserve Bank of India (RBI) on behalf of the government, has seen an average subscription of 1.72 tonnes across 64 series in the seven years and seven months since its introduction as an alternative to physical gold in 2015.
16.07 / 20:11
Provident
Racing
Align
Dreams
Executive
Kotak to take non-executive role after leaving MD post in December
MUMBAI : Billionaire banker Uday Kotak, the founder of India’s fourth largest private sector lender, will transition to a non-executive board member after he steps down from the whole-time role at Kotak Mahindra Bank. In his final letter to shareholders as managing director on Saturday, Kotak said that the alignment and commitment of the shareholders, board and management will help the bank navigate the changing times. “I see my role as a non-executive board governance member and a strategic shareholder with a long-term perspective of nurturing a world-class institution," Kotak said in his letter.
16.07 / 16:05
UPS
Man
Citizens
Mobile
SPY
Suspected ISI agent arrested in UP for supplying vital info about defence establishments
ISI agent was arrested here on Sunday for allegedly supplying vital information about Indian military establishments to his handlers in Pakistan, an official statement said. "Raees, a resident of Gonda, was arrested by the Uttar Pradesh Anti Terrorist Squad (ATS).
16.07 / 02:41
Extreme
CEO
Platform
Stealth
Naval Group welcomes MoU with Mazgon for construction of three Scorpene submarines
Mazagon Dock Shipbuilders Limited and the Indian industry to fulfill the needs of the Indian Navy". Pierre Eric Pommellet, CEO of Naval Group said.
15.07 / 18:07
UPS
Citi
foreign
Destinations
Flight of family office: Why more and more affluent Indians are looking at foreign destinations like Dubai and Singapore to set up family offices
When the son of a consumer firm’s promoter recently decided to relocate from Mumbai to Dubai, he was not looking for new real estate pastures. He wanted, instead, to take care of his crossborder family office.
15.07 / 18:07
UPS
MET
After calling on Sharad Pawar and Supriya Sule, Ajit Pawar says local polls will bring clarity on party control
Nationalist Congress Party leader and Deputy Chief Minister Ajit Pawar on Saturday said that who the Nationalist Congress party and the symbol belong to would be clear when the 'A B Form' is given during the upcoming local body polls. Pawar's somewhat loaded statement comes a day after he met Nationalist Congress Party President Sharad Pawar and Cousin Supriya Sule.
15.07 / 15:43
Provident
Merit
bail
NOT
Nawab Malik getting adequate treatment, his right to health not curtailed: Bombay HC on refusing him medical bail
Nationalist Congress Party leader Nawab Malik is getting «specialized medical assistance» and his right to health or right to life is not infringed in any manner, said the Bombay High Court while refusing him medical bail in a money laundering case being probed by the Enforcement Directorate (ED). The HC further said Malik's medical report does not indicate he is suffering from any critical ailment. On the contrary, the report says the former state minister does not need further hospitalization, the HC observed.
15.07 / 15:21
UPS
Citi
Provident
Cooper
Compilation
Mobile
Centre
Tomato prices ruling up to Rs 250/kg; Centre selling at Rs 90/kg in Delhi-NCR, Patna, Lucknow
To provide relief to retail consumers, the Centre is selling tomato at a discounted Rs 90 per kg in select cities like Delhi-NCR, Patna and Lucknow. National Cooperative Consumers' Federation of India (NCCF) and National Agricultural Cooperative Marketing Federation of India (NAFED) are selling tomato on behalf of the Centre through mobile vans.
15.07 / 14:47
FIVE
BURST
Mumbai
Mumbai Police bans drones, gliders, gathering of 5 or more person till 29 July
ALSO READ: Caller warns Mumbai Police of 26/11-like terror attack again if… Apart from this, the order also restricts unlawful assemblies of five or more persons, as the police gathered information from various sources about the likelihood of a breach of peace and disturbance to public tranquility from such gatherings. The ban covers processions, the use of loudspeakers and other sound amplifying systems, musical bands, and bursting of firecrackers, said the official.
15.07 / 12:51
Target
FIVE
Waters
BURST
Mumbai
Mumbai police issues prohibitory order banning drones, gliders & unlawful gathering of five or more persons
Mumbai police on Saturday issued a preventive order banning the flying of drones, remote controlled micro light aircraft, paragliders, para motors, hand gliders and hot air balloons over the metropolis for a period of 30 days, an official said. The prohibitory order, which he said was a «regular» one, was in view of the possibility of misuse of such objects to target VVIPS, endanger life of public at large, destroy public property and cause law and order disturbance. The order also bans unlawful assemblies of five or more persons due to information gathered from various sources about the likelihood of breach of peace and disturbance to public tranquility from such gatherings, the official added. The prohibitory order covers processions, use of loudspeakers and other sound amplifying systems, musical bands and bursting of firecrackers, he said. However, marriage and funeral functions, statutory meeting of companies, clubs, and assemblies in and around cinemas, halls, schools etc are exempt, the official pointed out.
15.07 / 11:41
Booking
Metro
Injustice
2024
Oppn can't decide its leader, Modi's victory in 2024 is certain: Maha CM Eknath Shinde
Eknath Shinde on Saturday said Prime Minister Narendra Modi would certainly win the 2024 general election as the opposition has failed to decide on a leader. Speaking at 'Shasan Aplya Dari' (government at your doorstep) program, he also said that NCP leader Ajit Pawar joining the Shiv Sena-BJP government in the state will make it «faster». «We have 200 MLAs and MPs with us (in Maharashtra).
15.07 / 11:11
UPS
Citi
Twitter
Aware
MotoGP Bharat announces multiple city event Road to MotoGP
MotoGP Bharat has announced a multiple city event ‘Road to MotoGP’. As per the company, the event would cover leading cities across the country and reach out to biking enthusiasts, biker groups and among others to celebrate the spirit of motorcycling. Moreover, the event will also scout for talent and create association with young aspiring riders to take up the sport professionally.
15.07 / 09:31
Waters
Manufacturing
Platform
Assurant
Mumbai
India-France sign MoU to manufacture submarine, surface combatants in Mumbai, Kolkata for export
Hindustan Times, the focus of PM Modi was to marry India's talent and workers with the high-end technology of France to produce platforms for the time to come. Despite the media's exclusive attention on 26 Rafale M fighter jets and three Scorpene submarines, the two leaders reached an agreement to construct compact diesel-powered attack submarines for nations in the Indo-Pacific region that face aggression from China.
15.07 / 08:53
Cooper
Extreme
Manufacturing
Platform
Stealth
India, France sign MoU for construction of three Scorpene submarines
Narendra Modi's visit to France, New Delhi, and Paris signed an MoU to fabricate submarine and surface combatants and parts in Mumbai and Kolkata respectively for export. The move will boost PM Modi’s “Make in India" initiative as Mazagon Dockyards Limited will jointly develop and manufacture Scorpene class submarines with French Naval Group for a third country. In addition to this, a Memorandum of Understanding (MoU) was also signed between Garden Reach Shipbuilders and Engineers Ltd.
15.07 / 03:29
UPS
IPO
Manufacturing
Cardiovascular
stake
Washing powder maker Nirma and Sekhmet vie for $731 million Glenmark Life stake: Sources
Nirma Ltd. and PAG-backed Sekhmet Pharmaventures are among the shortlisted bidders for a controlling stake in Glenmark Life Sciences Ltd., according to people familiar with the matter. The suitors have entered the final round of bidding for a stake of about 83% in the Mumbai-listed company held by Glenmark Pharmaceuticals Ltd., said the people, who asked not to be identified as the information is private.
15.07 / 03:29
Sharad Pawar's wife undergoes surgery; Ajit Pawar visited NCP chief's residence to meet her, says party functionary
Pratibha Pawar, wife of Nationalist Congress Party (NCP) founder Sharad Pawar, underwent surgery at the Breach Candy Hospital in south Mumbai on Friday, a party functionary said. The surgery was related to her hand, the functionary from the Sharad Pawar faction said without elaborating.
15.07 / 02:35
Citi
Twitter
FIVE
BAY
Subway
Warning
Mumbai
Mumbai rains: IMD predicts moderate to heavy rainfall for next 5 days, warning issued to fishermen
Mumbai, Thane, Palghar, Raigarh, and others. It has predicted moderate to heavy rainfall for the next five days in Mumbai, Sindhudurg, Dhule, Ratnagiri, etc. According to the notice issued by Regional Meteorological Centre, heavy rainfall is expected at isolated places in Mumbai for the next five days. Heavy to very heavy rainfall is also forecasted at isolated places in Raigad and Ratnagiri, ANI reported. The weather office has also warned fishermen not to venture out in the sea for the next five days.
15.07 / 01:33
UPS
Lowe's
CEO
Software
TCS
Slow tech spends hit IT staff’s wallets
India's third-largest IT firm HCLTech told ET that senior employees will not get annual increments for this fiscal year while hikes will be deferred by a quarter for other staff.Also read | HCL Tech Q1 Results: Profit rises 8% YoY to Rs 3,534 crore, misses estimatesWipro has also delayed annual hikes by a quarter. The company has been facing margin pressure and widespread underperformance, especially of its banking financial services and technology vertical.Also read | TCS Q1 Results: Profit rises 17% YoY to Rs 11,074 crore, beats estimates; revenue up 13% India’s largest software exporter Tata Consultancy Services was the only company to have rolled out annual hikes in the first quarter itself, leading to a large margin setback of 200 basis points from increments.Hiring in negative territory The Tata Group firm however has been delaying the onboarding of lateral hires, typically in the 3-10 years’ experience range.
14.07 / 18:45
UPS
Citi
Maharashtra gives its nod to Adani’s Dharavi project
Mint has reviewed a copy of the letter termed a “government resolution." The notification marks the first in a series of approvals required for the slum redevelopment project to proceed. It comes following significant political upheaval in Maharashtra, where Nationalist Congress Party (NCP) leader Ajit Pawar has joined the state government, assuming the role of the state’s deputy chief minister and finance minister, after breaking ranks with his uncle Sharad Pawar. However, Adani may get the remaining approvals for the project in another month.
14.07 / 18:33
COST
UPS
Manufacturing
Dreams
TCS
Indian
Silver
Dark clouds and a silver lining: In search of the Indian Dream
El Niño, the warm current in the Pacific Ocean that is exacerbating bad weather in the Global South. Check out this Plain Facts piece and its 6 charts to understand why the world could be staring at a food shortage. On the other side of the coin, Sayantan Bera explained why India should consider limiting the advertising of junk food, based on the World Health Organisation's recommendations.
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