City Mumbai Financial News

Indian stock market bulls during Monday morning deals as company has announced value unlocking via demerger of Jio Financial Services. Reliance share price today opened upside and went on to hit intraday high of ₹2756 apiece on NSE, breaching previous life-time high of ₹2755 per share.

MUMBAI — After the recent rally, the Nifty 50 as well as the broader market are trading at a valuation above their long-term averages, but this still doesn’t warrant a caution, believes Edelweiss Asset Management. “Using valuation as a standalone variable can be misleading and it has to be seen in the context of earnings growth.

Jyoti Sonar. "A 27-year-old woman, namely Jyoti Sonar, drowned in the sea in Mumbai's Bandra," said a Brihanmumbai Municipal Corporation official (BMC).

Narendra Modi during a rally in Bhopal, Madhya Pradesh, where he accused the Nationalist Congress Party (NCP) of being involved in a corruption scandal amounting to ₹70,000 crores. Uddhav pointed out that now PM Modi himself would be associated with those he had previously labeled as corrupt. Uddhav Thackeray, in a critical statement, expressed his disappointment over PM Modi's perceived silence regarding the situation in Manipur.

According to Schengen Statistics, Algerian nationals were refused Schengen visa applications the most in 2022, with a total of 179,409 visas not being issued with the total rate of not issued uniform visas reaching 45.8 per cent. The list of top ten countries with the highest Schengen visa rejection rates for 2022 also included countries like Turkey, Morocco and Russia, which had 120,876, 119,346 and 68,753 visa applications rejected, respectively.

Axis Bank, has taken on lease two floors in Macrotech Developers’ commercial tower in Mumbai’s Lower Parel to set up its head office, people aware of the development said. The company’s headquarters — currently in Wadia International Center on Worli’s Budhkar Marg — is expected to be shifted to this place soon, in line with its expansion and consolidation plan. “Axis AMC is likely to consolidate some of its existing Mumbai offices that support a few key functions in this newly leased space,” one of the persons cited earlier said, adding that the company has leased more than 63,000 sq ft of office space in ‘One Lodha Place’ for more than nine years. The company will be paying a monthly rent of Rs 1.2 crore for the office space spread over the 22nd and 23rd floors of the 39-storey tower, the sources said, adding that the space has already been handed over to the new tenant for fit-out work. Queries sent to Axis AMC and Lodha remained unanswered till as of press time. Transaction advisor JLL India declined to comment.

MUMBAI : The information technology (IT) industry is likely to offer muted variable payouts of 60-70% of the promised amount for the June quarter, with top performers getting as much as 80%, as IT companies focus on saving costs amid a weakening revenue outlook and reduced employee turnover. “Considering the current sentiment, there is a possibility that employers take a prudent approach, and payouts will be made only to those teams whose businesses have performed well," said R. Ramesh, director of digital business solutions, professional staffing and international engagement at staffing firm Adecco Staffing.

₹70,000 crore scam took place in Maharashtra and blamed it on the Nationalist Congress Party. Within a few days, an NCP (section) joined the Maharashtra government. Now leaders of the NCP will share their photos with the prime minister.

MUMBAI : Shares of Reliance Industries Ltd (RIL), which have underperformed the broader market this year, are expected to get a sentiment boost this week following news about the upcoming demerger and listing of Jio Financial Services, as well as the buyout of minority shareholders in Reliance Retail, analysts said. The firm on Saturday informed exchanges about the National Company Law Tribunal approving the planned demerger, as well as the record date for the same.

MUMBAI : Wind turbine maker Suzlon Energy Ltd is looking to refinance its ₹2,000 crore debt through equity and loans, ​​according to two people familiar with the matter. The company on Friday said its board has approved raising up to ₹2,000 crore through a qualified institutional placement to repay debt and for growth capital. It has also been in talks with foreign banks and non-banking financial companies to raise long-term debt.

Creativeland Asia Group is looking to create a multi-million-pound content fund in partnership with global investors, the company's founder, Sajan Raj Kurup, told ET. “We are looking to build a global content fund. It will be aglobal consortium of investors who are willing to put money behind a certain type of content,” Kurup said. The company, which recently launched Creativeland Studios, is planning to build a strong content pipeline of long-form content like films and web series. The launch of its content studio coincided with the acquisition of a 62% stake in London-based Creators Inc for over Rs 30 crore. The Creators Inc. acquisition will give the company access to directorial talent from British and American filmmakers like Guy Ritchie, Cary Joji Fukunaga, Philip Barantini, Colin Tilley, and Mark Osborne. The advertising firm, which closed FY23 with a top line of over Rs 130 crore, has acquired over 45 book titles and scripts in India, the UK, and the USA over the past three years.

India becoming a signatory to the Artemis Accords and the focus on the space sector, particularly on addressing issues related to export control and technology transfer, during Prime Minister Narendra Modi's recent visit to the US will open up doors for private players, industry leaders believe. Since India opened up its space sector in 2020, more than 150 start-ups have come up in areas such as building rockets and satellites, setting up astronaut training facilities and exploring possibilities for space tourism.

Bank of India is exploring the possibility of share sale to investors over the next one year to meet the minimum public holding requirement of 25 per cent. Currently, Government of India holds 81.41 per cent stake in the Mumbai-based bank. «We are exploring options to meet Sebi's minimum public holding requirement.

India and Chennai Super Kings (CKS) batter Ambati Rayudu has withdrawn from the inaugural edition of USA's Major League Cricket, where he was to represent Texas Super Kings, reported ESPNcricinfo. In May, Rayudu announced his retirement ahead of Chennai Super Kings' (CSK) fifth Indian Indian Premier [IPL] triumph.

₹1,891,085, with the most common earnings being ₹576,851, according to the Average Salary Survey figures as of July 2023. There is a notable difference in salaries between men and women, as men receive an average salary of ₹1,953,055, while women earn an average salary of ₹1,516,296. These figures reflect the existing gender pay gap in the country.

Farmland on the outskirts of metropolitan cities is attracting more buyers, attracting not just celebrities but also executives from multinational corporations, according to industry experts.Responding swiftly to seize the opportunity, several developers have initiated the development of gated communities comprising farm lands within a two-hour drive from metros such as Delhi, Bengaluru, Mumbai and Hyderabad.Recently, Suhana Khan, daughter of

Mukul Agrawal has raised his stake in Capacit'e Infraprojects from 1.91% or 13 lakh shares to 4.33% or 29.38 lakh shares as on the quarter ended June 30, according to the BSE shareholding data. He has raised his stake by 2.4% over the March quarter, the data on shareholding pattern suggested. The value of his stake now stands at Rs 64.2 crore according to Trendlyne.

online dating scene. Scroll through any Gen-Zer’s dating profile or listen to some of their dating stories and words like ‘breadcrumbing’, ‘rizz’, ‘roaching’ and ‘soft launch’ are bound to crop up. While some of these are new ways to package long-known terms and trends, others are annoying behaviours that seem to have become part and parcel of the modern dating scene. For example, in India, desi online dating trends like ‘evil dead rise’ and ‘delusionship’ seem to be trumping global trends like ‘situationship’ or ‘ghosting’. “We have noticed that approximately 44% of participants (out of 15,000 surveyed) have been a part of more than one trend, with Delushionship and Evil Dead Rise in the lead,” says Ravi Mittal, founder and CEO of homegrown dating app, QuackQuack. “Much has been said and done about the global dating patterns, but this time, we wanted to shed some light on the up-and-coming desi online dating trends and specifically observe GenZ Indian daters' behaviour.” The platform spoke to 15,000 men and women between the ages of 18 – 26 in cities like Delhi, Mumbai, Kolkata, Bengaluru, Surat, Lucknow, Jaipur, Bhopal, Patna, Indore, Kochi, Kanpur, and Guwahati, and found four key trends that have emerged amongst Gen-Z Indian daters.

Shikhar Dhawan will lead the team as the captain, providing guidance and leadership to the young squad. By sending teams to the Asian Games, India aims to further strengthen their cricketing prowess on the international stage.

Jio Financial Services demerger: The primary and secondary market is ful of buzz about the Jio Financial Services IPO as Reliance Industries Ltd (RIL) is all set for demerger after receiving the nod from National Company Law Tribunal (NCLT). RIL has informed Indian stock market exchanges that NCLT has given its nod for demerger of company's financial services undertakings.

Mumbai: Indian shares retreated Friday in anticipation that the US Federal Reserve will tighten policy even further to tame sticky inflation. India’s leading equity benchmarks fell nearly 1%, their biggest single-day drop since mid-April — after briefly touching fresh all-time highs in Friday’s trading — dragged down by heavyweight financials, technology, consumer staples and utilities. The Sensex declined 505.19 points or 0.77% to settle at 65,280.45.