City Mumbai Financial News

Vande Bharat Express trains since its launch has been under scanner right from stone pelting incidents to high pricing to bad food quality. Recently, a Twitter user has shared an image and compared the food quality on the day of the inauguration vs now.

The industrial and warehousing sector recorded a total absorption of 22.4 million sq ft in H1 2023, indicating a 7% increase compared to the 20.9 million sq ft absorbed in the first half of 2022, according to a Savills India report.

The brand will open at Phoenix Marketcity, Kurla, Uniqlo and plans to open more stores outside North India. All it’s 10 store is in North India and the company is looking to set up a significant manufacturing presence in India through about 20 'production partners. “October will also mark the anniversary of our four-year journey in India, and this new milestone highlights our strong ongoing commitment to India. Until now, our customers in Mumbai have been using our e-commerce channel to shop for their LifeWear essentials, and we now look forward to welcoming them in person to our first Mumbai store,” said Tomohiko Sei, Chief Executive Officer, Uniqlo India. Uniqlo, Phoenix Marketcity Kurla, will be the 11th brick-and-mortar Uniqlo store in India. Uniqlo has more than 2,400 stores across the world.

Nationalist Congress Party (NCP) in Mumbai, has reportedly submitted a petition to the Election Commission of India, asserting his right to the NCP and its election symbol. As per a report by The Wire, Jayant Patil, a supporter of Sharad Pawar, Ajit's uncle and the president of the NCP, has reportedly filed a separate note of caution with the Election Commission. The note highlights their intention to disqualify the nine party MLAs who joined the Maharashtra government led by the Bharatiya Janata Party (BJP).

The industrial and warehousing sector also witnessed a new supply of 27.4 million sq. ft. during the same period, reflecting a 36% growth from the 20.2 million sq.

Rakhi Sawant returned to Mumbai and voiced her frustrations regarding the soaring prices of vegetables, particularly tomatoes. During a late-night interaction with paparazzi on July 5, Sawant shared her concerns about the impact of inflation on her daily life. With a touch of humor, Sawant jokingly contemplated growing her own vegetables on a personal farm, seeking the assistance of the paparazzi in plowing the land.

New Delhi: Japanese apparel retailer Uniqlo is set to open its first store in Mumbai. The store, set to come up in Phoenix Marketcity, Kurla, is scheduled to open on 6 October. “We are delighted to be launching in Mumbai this fall...October will also mark the anniversary of our four-year journey in India, and this new milestone highlights our strong ongoing commitment to India.

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Godrej Properties Ltd soared to a 52-week high of ₹1,616 on the National Stock Exchange on Thursday, driven by promising new land acquisitions. The real estate giant recently acquired approximately 15 acre of land in Gurugram, Haryana, and plans to develop for premium residential properties. Additionally, a 7.44 acre parcel in New Alipore, a high-end residential area in Kolkata, will soon be under Godrej's ownership, acquired from the West Bengal Housing Infrastructure Development Corp.

DCB Bank share price rallied nearly 8% in the early trading on Thursday after Tata Asset Management Company (AMC) received regulatory nod to increase stake in the lender. The stock price of the bank jumped as much as 7.98% to an intraday high of ₹131.15 apiece on the BSE.

MUMBAI — Even after 18 months of correction phase, Indian markets remain highly valued compared to other markets globally. However, there are a few pockets that offer value to investors, believes Siddhartha Bhaiya, managing director and fund manager, Aequitas Investment Consultancy. “There are certain sectors that have just experienced an inflexion point after a long period of headwinds where growth may continue going forward.

The Maharashtra Congress has scheduled a meeting of the Congress Core Committee in Mumbai today. As reported by ANI, the meeting will be presided over by the party's state president, Nana Patole.

Maharashtra, Ajit Pawar on Wednesday expressed his aspiration to become the state's Chief Minister. The remark by the NCP leader, who has never hidden his chief ministerial ambitions, is certain to unsettle Chief Minister Eknath Shinde, whose Sena-BJP coalition government completed one year last week. "I was sworn in deputy CM five times.

latest updates, the Brihanmumbai Electric Supply and Transport (BEST) bus services in the city are functioning smoothly. The suburban train services of the Central Railway and Western Railway are also currently running normal. Meanwhile, a red alert has been issued for Raigad district in Maharashtra for July 6, warning of excessive rainfall, officials told PTI.

₹4,900 in July from ₹7,200-plus in the previous month, down by around 50%. Likewise, spot fares for Mumbai-Goa dipped to around ₹1,500 from over ₹3,200, declining 112%. For Mumbai-Lucknow, last-minute fares have contracted to almost ₹5,000 from ₹9,000 earlier, while Delhi-Kolkata shrunk to around ₹5,200 as compared to over ₹8200 in June.

MUMBAI : Anxious shareholders grilled the founders and the management of edtech giant Byju’s at an emergency meeting on Tuesday, seeking explanations about funds utilization, with some even demanding that founder Byju Raveendran step aside to make room for an interim chief executive officer (CEO). According to four people aware of the development, shareholders of the online tutor pressed its leadership for pro-forma financials at the extraordinary general meeting (EGM) following the exit of its long-time auditor and three external directors amid delay in financials and lawsuits in the US.

MUMBAI : Private sector banks saw the share of low-cost current and savings account (Casa) deposits contract in the first three months of the current financial year as customers chasing better returns preferred to park funds in fixed deposits, showed business updates by individual banks. The trend was visible across large lenders like HDFC Bank as well as smaller ones like IndusInd Bank, IDFC First Bank, Federal Bank and Yes Bank, business updates by individual banks showed. IDFC First Bank and Bandhan Bank recorded the sharpest sequential dip in Casa ratio, with a decline of 330 basis points (bps) in the first quarter.

MUMBAI : PKH Ventures Ltd, a construction and development company, withdrew its initial public offering (IPO) on Wednesday after failing to meet the minimum subscription requirement of qualified institutional buyers (QIBs). The IPO, open for subscription from 30 June to 4 July, was subscribed 65% at the end of the bidding process. The QIB portion of the IPO was subscribed 11%, which is below the minimum subscription requirement of 90%.

MUMBAI : A Reserve Bank of India (RBI) appointed committee on Wednesday has recommended a roadmap to achieve internationalisation of rupee including efforts for inclusion in the International Monetary Fund’s Special Drawing Rights (SDR) basket. The inter-deparmental group headed by RBI executive director RS Ratho in its report said the rupee has the potential to become an international currency as India is one of the fastest growing economies and has shown resilience in the face of major headwinds.

ALSO READ: Maharashtra news LIVE Updates Adding more, he had said, ". “There were 17 opposition parties there, and seven of them have only one MP in Lok Sabha. There was one party that has zero MPs.

Taipei Economic and Cultural Center (TECC) in India's financial capital Mumbai in sync with the broader aim of expanding overall cooperation between the two sides. Taiwan's decision to set up the TECC in Mumbai came at a time when leading Taiwanese companies are increasingly looking at relocating their production bases from China to India, the US and countries in Europe amid Taipei's increasingly tense relations with Beijing.