City Mumbai Financial News

A day after film-maker Hansal Mehta complained of a severe stomach bug, entrepreneur-turned-investor Kunal Bahl revealed that he fell prey to it too last week in Mumbai. Taking to Twitter, the Snapdeal founder quote-tweeted Mehta's post and said he got a severe infection to last week after a trip to Mumbai. Despite a full course of antibiotics, he has been still suffering from the bug.

Supreme Court on Friday adjourned for July 17 the hearing of a plea by jailed former Maharashtra minister and NCP leader Nawab Malik against the Bombay High Court's decision of adjourning the proceedings on his bail application in a money laundering case. A bench of Justices Sanjiv Khanna, Bela M Trivedi and Ujjal Bhuyan posted the matter for further hearing after it was informed that senior advocate Kapil Sibal, who is representing Malik in the case, was not available. During the brief hearing, the bench initially said Malik is required to file a fresh petition as the Bombay High Court has already decided his plea for interim bail on Thursday.

Manali for days. Taking to his Instagram Story, the 'Kehta Hai Dil Jee Le Zara' star shared a short video from Mumbai airports pick-up point where his friend showed up to take him home.

Marg S.V road," Mumbai Traffic Police said on Twitter. A spokesperson of the Brihanmumbai Electricity Supply and Transport, also known as BEST, said the transport body diverted its buses on around half a dozen routes due to a tree fall incident near Sadhana Vidyalaya at Sion.

Bombay High Court (HC) granted interim stay on the investigation against Morgan Securities and Credits Pvt. Ltd. and its promoters in an FIR registered by the city police.

Maharashtra has accorded the final approval to the much-awaited redevelopment of Asia's biggest slum, Dharavi, spread over 600 acres of prime land in the heart of the country's commercial capital, Mumbai. In November 2022, Adani Properties, the real estate development company owned by Gautam Adani-led Adani Group, had emerged as the highest bidder to bag the rights to redevelop the slum.

“I have been involved with the Kala Ghoda Art Festival since 1998. Since all these years, the David Sassoon Library has welcomed me and millions of people with open doors during the Kala Ghoda Arts Festival. When I was approached to support the restoration of the library, I saw it as yet another opportunity to preserve the legacy of it for future generations,” says Sangita Jindal, Chairperson of JSW Foundation, who conceptualised and implemented the restoration along with India’s leading Conservation Architect, Abha Narain Lambah. “My purpose in restoring the David Sassoon Library is to conserve the beauty and legacy of one of the oldest libraries in the city,” adds Jindal.

India’s palm oil imports jumped 56% to a three-month high in June, as buyers took advantage of a dip in prices to increase purchases, a leading trade body said on Friday. Imports rose to 683,133 metric tons in June, up from 439,173 metric tons in May as prices fell to their lowest in 28 months, the Mumbai-based Solvent Extractors’ Association of India (SEA) said in a statement.

Narendra Modi, approved a bill for this transformation, signalling a significant milestone for NITIE Mumbai. NITIE Mumbai was established in 1963 with the support of the United Nations Development Programme and the International Labour Organization.

Pakistani woman Seema Haider did not return to her country, said an official on Friday, according to PTI reports.  Police received the call on July 12. The caller, who spoke in Urdu, said there would be a terror attack, like the one that took place on November 26, 2008, in Mumbai and that the Uttar Pradesh government will be responsible for it, the police official said.  He informed that Mumbai Police is investigating the threat call and a crime branch team has also been roped in.

recruitment scandal at India’s largest software exporter Tata Consultancy Services (TCS) was a one-off code of conduct violation and not a “systemic failure,” said CEO and MD K Krithivasan, 58, adding that the incident was swiftly dealt with and has had no impact on relationships with clients. The $27.92 billion Indian IT company expects the demand environment to be muted. Customers are reassessing technology spends and postponing non-critical engagements, he told Romita Majumdar and Surabhi Agarwal in an interview.

NEW DELHI : Akasa Air is a long-term investment for Rare Enterprises and the Rakesh Jhunjhunwala family, the airline’s founder and chief executive officer Vinay Dube said, pointing to the lengthy investment horizons of the late legendary investor. “If you look at Rakesh’s average holding time, I believe you will see the average holding time from his equity investments is over nine years. Whatever chatter (about dilution of stake) is so inconsistent with decades of investment that Rakesh has made.

Himachal Pradesh and Jammu & Kashmir, likely slashing production in the country's top two apple-growing states at least by half this season, farmers said. «The growers are not being able to visit the fields due to the rains,» said Ravinder Chauhan, president of Apple Growers Association of India.

Rashmi Housing, while the company was still undergoing the Corporate Insolvency Resolution Process (CIRP), sold 82 apartments in the company’s projects in contravention of the law. The tribunal has now set aside the sale of these 82 flats and has also imposed a fine of Rs 3 lakh on each of the promoters. Finance Advisors & Managers and Vista ITCL, formerly an IL&FS trust company, had taken the developer Rashmi Housing to the National Company Law Tribunal (NCLT) following its default in payments. The NCLT had admitted the company under insolvency and had appointed OP Agrawal as the interim resolution professional to take over the operations of the defaulter company in 2018 while suspending its directors and intimating them about implications of the moratorium under the code. In February 2019, one of the employees of the company had requested the resolution professional through an email to authorise the suspended directors to sign pre-CIRP sale agreements. In response to the said email the resolution professional held that permission for agreements related to the pre CIRP period will be required to be put before the COC.

MUMBAI : The surprise surge in retail inflation for June has prompted economists to raise their forecast for July amid firming vegetable prices, dashing hopes of a rate cut anytime soon. Inflation measured on the Consumer Price Index (CPI) came in at 4.81% in June, higher than 4.6% predicted by Mint poll of 19 economists, led by food inflation. After the June price rise data was released, economists now believe inflation could average 5-5.4% in the current fiscal year, higher than their previous estimates.

The American Naturalist, rb.gy/sx1se). Why would that be? Partly because a long beak can get in the way while perching, in ways it would not while hovering.

Mumbai/New Delhi: High employee expenses have prompted information technology (IT) companies to defer onboarding and promotions to initiate strict cost control measures. A weak deal pipeline and poor visibility for the next couple of quarters has compelled Tata Consultancy Services (TCS), HCL Technologies and Wipro to set minimal hiring targets. A Mint analysis found that in the first quarter of the financial year, wage costs as a share of revenue increased for all three companies to a record high in the last at least five years.

MUMBAI : Arjun Mohan, the former chief executive officer of upGrad and former chief business officer of Byju’s confirmed on Thursday that he is working with Byju’s co-founder Raveendran on “multiple things" but said he hasn’t been roped in for the role of international CEO. Responding to queries from Mint, Mohan said, “I am working with Byju’s founder Byju Raveendran on multiple things but I have not joined the company on this role." He didn’t respond to follow up messages requesting details on the scope of his current role in Byju’s. A spokesperson for Byju’s declined to comment.

Realty developer Kolte-Patil Developers has recorded 58% on-year growth in sales at Rs 701 crore for the quarter ended June led by strong volumes achieved on the back of new launches and existing sustenance inventory. Sales volume rose 52% from a year ago to 9.30 lakh sq ft and collections rose 8% to Rs 513 crore.

noteworthy milestone in a big way.  Its celebration “campaign was titled #50MillionFeelings to pay tribute to the myriad of feelings they have instilled in their customers over the years," Vistara said in a statement. The airline treated its 50 millionth customer with various services that included  a pick-up and drop service in a luxury, chauffeur driven car, surprise cabin upgrade to business class and complimentary Gold Tier membership for Club Vistara loyalty program.

upcoming IPO have finally cleared. There were a lot of speculations last year about the IPO timeline, its size and the valuation of unlisted shares of the largest Indian depository. All speculations have been put to rest as NSDL filed its draft red herring prospectus (DRHP) with the market regulator.