City Mumbai Financial News

Several key infrastructure projects announced in the budget including the third airport to cater to the country’s financial capital Mumbai are expected to enhance real estate prospects in the state. With a focus on improving connectivity and easing housing shortages, the state government’s initiatives are expected to drive demand in both residential and commercial markets across the state including key property markets of Mumbai, Pune, and Nashik.

Indian cricketers, led by Rohit Sharma, have made a quiet return home following their triumph in the Champions Trophy in Dubai. After leading India to their second ICC title in nine months, skipper Rohit landed back in Mumbai on Monday night. The squad members have got a week off before they join their respective IPL teams ahead of the tournament beginning March 22. «All the players with families left from Dubai on Monday. There are some players who have stayed back for a couple of days,» a BCCI source told PTI.

Subscribe to enjoy similar stories. A new chief executive trying to steer the company, generative AI disrupting the information technology (IT) services industry, and now an activist shareholder raising its stake—New Jersey-based Cognizant Technology Solutions Corp now finds itself walking a tightrope. Cognizant is one of the few companies seeing a second round of shareholder activism in less than 10 years.

Macrotech Developers, has entered into an agreement to acquire a land parcel spread over 3.4 acres in Mumbai's western suburb Jogeshwari West from pharmaceutical company Unichem Laboratories for over '279 crore. The land parcel at Prabhat Estate off Swami Vivekananda Road houses an office building spread over 82,000 sq ft, which was the registered office of the company until now. While the deal is yet to be inked and registered, Unichem's board of directors have approved the plan to monetise this land parcel.

Fitch Ratings has removed energy infrastructure company Adani Energy Solutions (AESL) from its 'Ratings Watch Negative' list and assigned a Negative Outlook, it said in a statement on Monday. The agency cited concerns over ongoing US investigations that could reveal governance weaknesses and affect financial stability. The agency warned that the outcome of the probe could impact the company's credit profile. It had affirmed the long-term foreign- and local-currency issuer default ratings at 'BBB-'. «The risks associated with the group's liquidity and funding requirements have moderated,» Fitch said in a statement, adding that the proceedings and outcome of the US investigations could reveal that the group's corporate governance practices are weaker than it expected, potentially leading to negative rating action in the near to medium term.

ICICI Securities Ltd from the bourses. Last year in August and October, Mumbai and Ahemadabad benches of the National Company Law Tribunal (NCLT) approved applications filed by the ICICI Securities Ltd and ICICI Bank to delist the private sector lender’s securities company from the bourses.

ICC Champions Trophy 2025 title with a four-wicket win over New Zealand in the final at Dubai International Stadium on March 9. New Zealand, batting first, posted a total of 251 runs. In response, Rohit Sharma led with 76 runs, while contributions from KL Rahul, Hardik Pandya, and Ravindra Jadeja ensured India’s victory.

Subscribe to enjoy similar stories. MUMBAI : The global tariff war will likely impact merger and acquisition (M&A) activity adversely, said Akeel Sachak, partner and global head of consumer at Rothschild & Co., adding that US President Donald Trump’s aggressive stance on tariffs has sparked a broader concern among economies, and it is already reflecting in the way markets have moved.

bridalwear designer is calling an end to the industry he helped supersize. Sales of elaborate bridal outfits — typically weighing up to 17 pounds and costing more than $6,800 — are declining, according to Sabyasachi Mukherjee, who has dressed some of India’s most famous women, including billionaire heiress Isha Ambani. Modern brides are now looking for more low-key designs as part of a broader shift away from traditionally ostentatious wedding celebrations, he said. “The wedding industry in India as we know of it today is breathing its last,” Mukherjee said in an interview at his 25,000-square-foot (2,323 square meter) store in Mumbai.

Nielsen, a global leader in audience measurement, data, and analytics had leased 2.86 lakh sqft across Goregaon in Mumbai and Whitefield in Bengaluru, to expand its presence as part of the company’s broader strategy to strengthen presence in the region, driving business growth and enhancing operations. The new offices has seating capacity for 1,500 employees each. The Mumbai office, leased from Oberoi Realty Limited, spans 1.5 lakh sq. ft., while the Bengaluru office, leased from Chalet Hotels Limited, covers 1.36 lakh sq. ft. Nielsen plans to open more offices across India, including in locations like Gurgaon and Hyderabad.

Subscribe to enjoy similar stories. After spending many years in the corporate world, Meenal Majumder decided to set it all aside and don the student’s hat to go the start-up way. Though there wasn’t a perfect plan in place, she knew that if she waited for the ‘right time’, there was a good chance it would never come.

Maharashtra Budget 2025 Live Updates: Deputy Chief Minister and Finance Minister Ajit Pawar will table the Maharashtra Budget for FY 2025-26 in the state assembly today. This is the first budget of the newly-formed Mahayuti government in the state that came to power late last year.

Subscribe to enjoy similar stories. When you see it from a distance, the new Google India campus on Bengaluru’s chaotic Outer Ring Road does look like the infinity symbol. With a curved, rounded structure, both in the outer walls of the building as well as the roof, the building creates an impression of the endless loop.

Nirmala Sitharaman, said Romal Shetty, CEO of Deloitte South Asia. «Our domestic consumption-driven economy, which makes up 62% of our GDP, shields us from external fluctuations. And our favourable geopolitical alignment opens doors where others see barriers,» Shetty said at the ET Awards for Corporate Excellence in Mumbai on Saturday.

Howard Marks, Co-chairman of Oaktree Capital Management, during his Mumbai visit, believes fixed-income investments are now highly competitive, with high-yield bonds offering returns of 7% and private credit reaching up to 11%. "High yield bonds are at 7%, other strategies are at 7%, maybe as high as 8%, private credit at 9-11%," he noted, reinforcing the case for fixed income as an alternative to equities.

Zomato's rise as a public company has been rapid as it has expanded into businesses beyond food delivery over the past few years. Adding quick commerce through its Blinkit acquisition and later buying out Paytm Insider to bulk up its going-out business, Zomato's success has emanated from combining profitability with the growth potential of its quick commerce unit and other new businesses which drove its market capitalisation to an all-time high of ₹2.75 lakh crore ($32 billion) by December 2024.

India has a unique opportunity to become a pivotal player on the global stage, according to Fareed Zakaria, India-born American journalist, political commentator and author. Speaking to the audience at the ET Awards for Corporate Excellence in Mumbai on Saturday, Zakaria said as a rising economic power, India is critical to the West for strategic reasons while remaining well-regarded and connected with the Global South.

Subscribe to enjoy similar stories. Hyundai Motor India Ltd's proposals to buy goods and services in excess of ₹31,000 crore next financial year from related companies, which could be more than half the purchases it made in the previous fiscal, have divided two of the country's leading proxy advisory firms. Stakeholders Empowerment Services (SES) and Institutional Investor Advisory Services (IiAS), both based in Mumbai, have put out contrasting notes on Hyundai's resolutions for dealing with seven related companies.

Subscribe to enjoy similar stories. Coforge Ltd’s recent announcement of its largest-ever contract with Sabre Corp brought cheers to shareholders, but at least three analysts have raised concerns about the Texas-based travel technology company's ability to see through the deal and make timely payments due to its weak financial health. The country’s seventh-largest software services provider announced a 13-year contract with Sabre late last Tuesday, valued at $1.56 billion.

Mumbai: India's housing finance market could more than double in value to '81 lakh crore in the next five years, according to a report by CareEdge Ratings. The ratings firm said the growth will be driven by robust structural elements and favourable government incentives, making housing finance an attractive asset class for lenders. India's housing finance market is valued at '33 lakh crore. CareEdge Ratings said the country's residential properties market remains buoyant, a key driver of the housing finance industry, having seen absolute growth of 74% since 2019 to 460,000 units in 2024.

Shiv Sena (UBT) chief Uddhav Thackeray on Sunday expressed his support to Tamil Nadu on the issue of National Educational Policy, saying that the Centre is using the issue to create discord and division in the country. Thackeray said that he agreed with Tamil actor Kamal Haasan who said that the BJP government at the Centre was trying to create 'Hindia'. «Kamal Haasan was right when he said they (Centre) want to create Hindia, they want to create discord in the country. I recently met people from Bihar who said that there were several languages of the state that have become extinct because of Hindi, we are not against Hindi but the BJP wants to create division and rule (with the language issue), said Thackeray while addressing party cadres in Mumbai. The Sena UBT chief had called the party meeting to rebuild the organisation with an eye on the upcoming Mumbai civic elections likely to be held in October-November this year. The Mumbai civic elections are significant for the Sena UBT as the party derived its power from ruling the Mumbai civic body for several decades. However, with Eknath Shinde splitting the united Shiv Sena, several former corporators from the Mumbai civic body have crossed over to the Shiv Sena.