City Mumbai Financial News

09.03 / 11:09
FIVE Waters WhatsApp Death Inside hospital Five labourers suffocate to death while cleaning water tank at Mumbai under-construction building
Five workers entered a water tank to clean it but passed out inside while doing the job, said a fire official. Others at the construction site alerted the fire brigade, which rescued the five men and rushed them to the state-run JJ hospital. However, doctors declared them dead, said an official.
09.03 / 10:51
Analysis trends Trade hospital travelers International Destinations Tourism, weddings, and MICE drive India’s hospitality growth; Indian Hotels, Lemon Tree top buy
As we progress into the final quarter of FY25, multiple factors are reinforcing the sector’s positive trajectory.
09.03 / 10:51
markets Citi Booking Airlines Trade social Department Get ready, Bhubaneswar! Air India Express will connect the city to Hindon
Air India Express will begin flight services to Bhubaneswar from the Hindon civil terminal on March 30, making it the eighth new route to be introduced from the airport this month. The airline has already announced flights to Mumbai, Goa, Kolkata, Chennai, Jammu, and two Bengaluru services. Hindon’s civil terminal, launched in October 2019 under the Centre’s UDAN scheme, has been gradually expanding its domestic network. Odisha Chief Minister Mohan Charan Majhi confirmed the upcoming Bhubaneswar connection on social media. «Aviation Bonanza for #Bhubaneswar! Sincere gratitude to Hon'ble Prime Minister Shri @narendramodi as new flights to Ghaziabad (Hindon) and Port Blair take off shortly under the #NewDestinationPolicy—boosting tourism, trade, and seamless connectivity,» he wrote on X. Officials at Hindon are awaiting formal confirmation. «The official confirmation on Bhubaneswar from Hindon will be made in a day or two. But from March 30, the operation on the said route is most likely to start. We are working on the schedule, the announcement for which will be made shortly,» an AI Express representative said.
09.03 / 10:19
FIVE Career wellness film classical stars Interviews Amitabh Bachchan once said that he got to be famous after working with this iconic star
Bollywood classic, five decades after its theatrical release. The Hrishikesh Mukherjee directorial, which starred Amitabh Bachchan and Rajesh Khanna in lead roles, quickly became a box-office phenomenon as well as a milestone in Bachchan Sr’s career. 49, years after its release, an old interview of Bachchan is currently going viral. In a 1990 interview with Star Dust, the ‘Agneepath’ star stated that working with Rajesh Khanna played a big part in his rise to stardom. He revealed that after he did the movie, many people came up to him to ask after Rajesh Khanna, who was the reigning superstar at that time. “When Hrishida asked me to work with Rajesh Khanna in Anand, it was a dream come true for me. The hysteria that be evoked was witnessed for the first time in the history of Hindi films. I got famous purely because I was working with Rajesh Khanna. People came and asked me questions like ‘How does he look?’, ‘What does he do?’ So I became very important, thanks to him. I have always had the greatest respect for Kaka," he said.
09.03 / 09:59
markets UPS Career Research Cycling cover Know Your Fund Manager | Daylynn Pinto, Senior Fund Manager – Equity, Bandhan AMC
I was born in Mangalore, to a business family and have moved around quite a bit. I hold a Bachelor’s Degree in Commerce (Sydenham, Mumbai) and a Post Graduate Diploma in Management (PGDM – T.A. Pai Management Institute), which laid the foundation for my career. My academic background and early exposure to the asset management industry helped in shaping my career in the equity markets. How did you land up in this job?
09.03 / 09:57
UPS Food Immunic pandemic Cardiovascular 2020 A practical guide to help you cut back on processed foods
Subscribe to enjoy similar stories. A bag of chips here, a jam roll there or a small bar of dark chocolate because you craved something sweet— isn’t that what break-time or at-desk snacks invariably consists of for most of us these days? According to a WHO-led 2023 study, retail sales of ultra-processed foods in India had declined from 12.65 per cent in 2019 to 5.5 per cent in 2020. However, in 2021, it increased by 11.79 per cent.
09.03 / 08:43
UPS CEO love show prevention peace Manu Joseph: What promoters of hard work don’t get about workers
Subscribe to enjoy similar stories. About 20 years ago, the five-day week was not common in India. Some people in an office in Mumbai approached their boss to demand it.
09.03 / 08:31
markets Citi Digital economy RAI Aaditya demands facilities like GIFT City for Mumbai, alleges metropolis weakened by BJP
Aaditya Thackeray on Sunday demanded facilities and incentives like Gujarat's GIFT City for Mumbai while accusing the BJP of systematically weakening the city's economic standing. Talking at a party event here, Thackeray alleged a deliberate erosion of Mumbai's financial importance. «Subsidies and facilities given to GIFT City should also be extended to Mumbai. The BJP is deliberately weakening Mumbai's economic backbone,» he claimed. The former state minister criticised the BJP's policies for shifting major projects and headquarters from Mumbai to Gujarat and Delhi, questioning the impact on Maharashtra's economy.
09.03 / 08:07
markets Digital Man Photos Experts RAI Encouraged by Rahul Gandhi, Sultanpur cobbler preparing to launch own brand 'Ramchet Mochi'
Ramchet Mochi'. The man behind his transformation is Rahul Gandhi, Leader of Opposition in Lok Sabha and Congress MP from Rae Bareli, who gifted him a machine to improve his work.
09.03 / 01:01
markets UPS economy awards Trade country ET Awards: GST rate cut, slabs review in works, says Finance Minister Nirmala Sitharaman
Nirmala Sitharaman said India is close to taking a final call on reducing goods and services tax (GST) rates further and reviewing the levy’s slabs. The revenue neutral rate had dropped from 15.8% when GST was introduced in 2017, to 11.4% by 2023, she said at the 25th ET Awards for Corporate Excellence on Saturday. “Let me dispel any (notion) that GST has made life costlier. Item by item, I would challenge anyone to tell me if there is any one item for which tax rate has gone up after introduction of GST… So, the clue is, it will come down even further,” she told an audience that represented the best of India Inc at the stately National Centre for the Performing Arts in Mumbai. A group of ministers on GST rationalisation has been set up under Bihar deputy CM Samrat Chaudhary.
07.03 / 13:41
markets security Tesla Experts country reports BNP Paribas leases office space in Mumbai’s BKC at record Rs 811 per sq ft
BNP Paribas has secured a prime office space in Mumbai’s business district Bandra Kurla Complex (BKC), leasing a ground-floor unit in a commercial complex at a monthly rental of Rs 811 per sq ft, making it one of the most expensive commercial property deals in the country. ET has reported earlier this week that Elon Musk-owned electric vehicle (EV) maker Tesla Inc leased space in BKC at monthly rentals of Rs 881 per sq ft setting a new national record surpassing the earlier benchmark set by Apple Inc at Rs 738 per sq ft in January. The BNP Paribas’ lease agreement was finalized on February 18, with the five-year lease tenure set to commence later this year on August 16. The bank will occupy a 3,497 sq ft chargeable area in Maker Maxity’s 1 North Avenue, paying a total rent of Rs 28.36 lakh per month to the landlord, Neelammegha Investments and Trading Company.
07.03 / 13:41
markets Digital President RAI Courts India "working closely" with US on extradition of Tahawwur Rana: MEA
United States to complete the necessary formalities for the extradition of Tahawwur Rana, Ministry of External Affairs spokesperson Randhir Jaiswal said on Friday. Speaking at the weekly briefing, Jaiswal stated, you would have seen President Trump's comments regarding the extradition of Rana. The Joint Statement also reflects this sentiment. We are working closely with the US Government to complete the necessary formalities to allow for his extradition to India." Earlier on Thursday (local time), the US Supreme Court rejected the plea of the 26/11 Mumbai attack accused, Tahawwur Rana, seeking a stay on his extradition to India.
07.03 / 11:55
UPS Analysis Food Trade rights International Sensex falls! But these stocks rallied over 15% on BSE in today's trade
stocks rallied as much as 15% in Mumbai trading on Friday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the green amid brisk buying in frontline bluechip counters. Stocks that surged in excess of 15% included, AVI Polymers Ltd.(20.00%), Bengal Tea & Fabrics(19.99%), KLK Electrical(19.99%), Hemo Organic(19.97%), Somi Conveyor(19.79%), Spenta Intnl(18.11%), Futuristic Sol(16.48%), Laxmi Dental(16.43%), Ashnisha Industries(15.92%) and Capital Trust(15.59%).
07.03 / 09:39
COST UPS Citi Platform Food wellness IPO-bound Rebel Foods bets growth on 15-minute food deliveries
Subscribe to enjoy similar stories. BENGALURU : Multi-brand restaurant operator Rebel Foods, which is gearing up for a public-market listing in 2025-26, expects its newly launched 15-minute food delivery service ‘Quickies by EatSure’ to be a major growth driver in coming years, EatSure’s co-founder and chief executive Sagar Kochhar told Mint in an interview. The Mumbai-based company sees a massive opportunity in quick food deliveries and believes it has the right to win in the category thanks to its well-established model comprising offline eateries as well as cloud kitchens, which allow it to offer a full-stack setup with access to multiple brands such as Faasos, Behrouz Biryani, and Wendy’s, Kochhar said.
07.03 / 03:21
markets Progressive Remark Experts Celebrity Equality After 90-hour workweek remark, L&T chief S N Subrahmanyan now announces one day paid menstrual leave for women employees
menstrual leave policy for its women employees. The announcement, made by Chairman and Managing Director S N Subrahmanyan, came during Women's Day celebrations at the company's Powai office in Mumbai. This policy, a first in the industry, is expected to benefit around 5,000 women employees, who constitute 9% of L&T’s 60,000-strong workforce. The provision, however, is limited to L&T’s core engineering and construction divisions, excluding its financial and technology subsidiaries, which already offer work-from-home and flexible arrangements. The specifics regarding its implementation, including whether it will be an additional paid leave or part of existing entitlements, remain unclear.
07.03 / 01:15
UPS Platform security economy Flushing students International Study-abroad player Leap is in late-stage talks to acquire Prodigy Finance
Subscribe to enjoy similar stories. MUMBAI : Flush with funds, study-abroad platform Leap is in late-stage talks to acquire study-abroad fintech Prodigy Finance Ltd, with plans to acquire more startups, three persons close to the development told Mint. The final details are being ironed out, and the deal will close soon, said one of the persons, adding that Leap is also evaluating two to three other startups to acquire, with study-abroad consultancy KC Overseas Education being one of the leading prospects.
07.03 / 01:15
markets UPS IPO CEO security Parke country Blackstone, Sattva-backed Reit files draft papers for ₹7,000 cr IPO
Subscribe to enjoy similar stories. A real estate investment trust sponsored by asset manager Blackstone Group and Bengaluru developer Sattva Group filed its draft papers with the market regulator for an initial public offering (IPO) to raise around ₹7,000 crore. The Knowledge Realty Trust has a portfolio of 30 Grade A office assets across 48 million sq.
07.03 / 01:15
UPS Citi Booking Strategy country International Afcons eyes Middle East construction boom, shifts strategy with local partnerships
Subscribe to enjoy similar stories. Mumbai: Afcons Infrastructure Ltd, which has so far limited its exposure to the Middle East due to unfavourable contract terms, is looking to increase its business there as the region witnesses a construction boom to diversify from oil money. The company will work in the region in collaboration with local partners who are familiar with domestic conditions to reduce the execution risk, as per top company executives.
07.03 / 01:15
UPS Provident security Mobile show information Jaggi-led Gensol's debt woes much bigger than thought
Subscribe to enjoy similar stories. Mumbai: The debt troubles of Gensol Engineering Ltd, whose loans were downgraded to default by two rating agencies this week, are more pronounced than initially thought. Mint has learnt that Ahmedabad-based solar plant construction company has delayed repayments to one of its largest lenders, the Indian Renewable Energy Development Agency (Ireda), by up to two months.
06.03 / 19:45
markets UPS Digital Experts RAI show Priyanka Chopra Jonas sells four apartments in Mumbai’s Andheri suburb for Rs 16.17 crore
The apartments spread over a total built up area of 5,045 sq ft on the 18th and 19th floor of the tower to four different buyers. These four apartments also include a duplex spanning over 18th and 19th floor and this has been sold for Rs 6.35 crore. The deals were registered on Monday and has attracted cumulative stamp duty worth Rs 84.47 lakh, showed the documents accessed through IndexTap.com. Priyanka’s mother Madhu Chopra has executed both the deals on the actor’s behalf.
06.03 / 15:07
markets UPS Target CEO Nestle trends Nescafe Nestle flirts with luxury via First Nespresso boutique in India; more to follow
Subscribe to enjoy similar stories. Nestlé, the world's largest coffee company, has launched a Nespresso boutique in Delhi's Nexus CityWalk mall, targeting India's affluent consumers. The boutique offers Nespresso coffee machines, priced from ₹16,500, and coffee pods.

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