City Mumbai Financial News

Subscribe to enjoy similar stories. The Dr Bhau Daji Lad Museum in Mumbai has become a backdrop to some interesting juxtapositions. In different corners and rooms, museum objects can be seen interacting with contemporary works by artist Reena Saini Kallat in a solo show, Cartographies of the Unseen, which is on view till 6 April.

Pancard Clubs Limited (PCL), its former directors and others, the federal agency said in a statement. This is a case of alleged fraud through a collective investment scheme (CIS), in violation of the SEBI Act, where more than 50 lakh investors were allegedly duped of over Rs 4,500 crore, it said. The economic offences wing (EOW) of the Mumbai Police had filed a case under the Maharashtra Protection of Interest of Depositors (in Financial Establishment) Act, 1999, against Pancard Clubs Limited and others and the ED took its cognisance to file a case under the Prevention of Money Laundering Act (PMLA).

The vox pop-style video, seemingly recorded in Mumbai, features a man posing a straightforward question to pedestrians: “What is the official language of Bengaluru?” One respondent confidently stated, “I think Bengaluru doesn’t have an official language.” Another immediately answered, “Hindi,” while a third person, seemingly uncertain yet determined, offered, “Hindi or Sanskrit. I’d place my bets on both.”

The February figure marks a 19.5% uptick from $1.38 billion in total funding in January 2025. On a year-on-year basis, the total amount of fundraise was down from $2.06 billion secured in February 2024.

Many netizens found humor in her perspective, with one user remarking that PG owners in Bengaluru are essentially building generational wealth while offering little in return. Another joked that these landlords serve only rice under the pretense of providing three full meals a day. Some even compared the business model to that of a unicorn startup—zero investment, infinite returns, and absolutely no refunds. Others expressed their frustration, pointing out that the security deposit system in Bengaluru is a one-way street—once paid, it is rarely seen again.

Subscribe to enjoy similar stories. MUMBAI : Bharti Airtel, India’s second-largest telecom operator, has cemented its position as the industry’s most resilient player, outpacing rivals in subscriber additions, revenue growth, and profitability. But with its core wireless business maturing, the company is now eyeing a new growth frontier: home services.

Subscribe to enjoy similar stories. Luxury watchmakers are keeping a close eye on India as demand for premium timepieces rises, with several global watch company heads doing the rounds of the country in the past year or so. From Panerai to Rado to Hublot, India is becoming the new playground for luxury brands, driven by a rising class of affluent consumers.

Subscribe to enjoy similar stories. Mumbai: With just over two weeks to go for the Indian Premier League (IPL) 2025, JioStar—the joint venture between Reliance Industries Ltd’s Viacom18 and The Walt Disney Co.—has secured 12 sponsors and is targeting ₹5,000 crore in advertising revenue from this edition, according to two people aware of the matter. However, industry experts are not sure if this target is achievable.

«This Bombay hotel provides bathroom slippers. But to ensure people don't flick them, they provide mismatched pairs,» the user named Thejaswi Udupa said, dropping a snapshot of a pair of slippers on top of a hotel towel. The slippers featured in the image he posted were noticeably mismatched, with each foot sporting a different color. According to the user, this was a deliberate strategy employed by the hotel to ensure that guests would only find the slippers convenient to wear within their rooms, discouraging them from taking them for personal use outside the premises.

Subscribe to enjoy similar stories. New Delhi: Chhattisgarh is courting defence firms from Russia and the US to set up manufacturing units in the state under its new Industrial Development Policy 2024-30, as it looks to position itself as a key player in India’s defence supply chain. "Numerous companies from Russia, the US, and other countries participated in our investment summit in Mumbai, and these investments will come to Chhattisgarh," chief minister Vishnu Deo Sai told Mint in an interview.

“I’ll smoke a cigarette socially, maybe fifteen days a year. The remaining days I’m a breathing Mumbaikar. The same taste. Today Mumbai was a Marlboro Light,” he wrote. His analogy struck a chord with many, sparking a wave of memes in the comments section. Even actress Sonam Kapoor amplified the discussion by resharing his post, shedding light on the increasing worries surrounding Mumbai’s worsening air quality.

Glenmark Pharmaceuticals is recalling close to 15 lakh bottles of a generic medication used in the treatment of attention deficit hyperactivity disorder in the US market, according to the US health regulator. Glenmark Pharmaceuticals Inc, USA, a subsidiary of the Mumbai-based drug maker, is recalling around 14.76 lakh bottles of Atomoxetine Capsules in multiple strengths. The company is recalling the affected lot due to «CGMP Deviations», the US Food and Drug Administration (USFDA) said in its latest Enforcement Report. The recall is due to «presence of N-Nitroso Atomoxetine impurity above the FDA recommended limit,» it added.

Manav Sharma, a Senior Process Associate at Tata Consultancy Services (TCS), allegedly died by suicide in Agra on 24 February 2025. A live video recorded before his death surfaced, in which he blamed his wife, Niketa, for pushing him towards the drastic step. His family has accused her of harassment and making divorce difficult for him.

Tanuj Mahashabde, widely recognized for his role as Krishnan Subramaniam Iyer in Taarak Mehta Ka Ooltah Chashmah, recently opened up about his personal and professional life in an interview. Known for portraying a Chennai-based scientist and the husband of Babita (played by Munmun Dutta), his character also serves as the treasurer of Gokuldham Society. During the interview with the Times of India, Tanuj humorously addressed his single status, joking that he is the «real-life Popatlal,» a nod to a character in the show who struggles to find a life partner. He playfully remarked that while his on-screen character has a beautiful wife, in real life, he remains unmarried. When asked whether his busy schedule keeps him from pursuing a relationship, he admitted he wasn't sure about the reason.

Mahindra & Mahindra (M&M), driven by strong demand for its range of SUVs, raced past Korean rival Hyundai Motor in February to grab the second spot in India's passenger vehicle market behind leader Maurti Suzuki. The Mumbai-based manufacturer of the XUV700 and Thar Roxx SUVs sold 50,420 passenger vehicles, up 19% from a year earlier, in a month when industry sales were estimated to be subdued, growing just around 2% amid tepid consumer demand.

non-alcoholic whiskey, please. An oxymoron has entered the bar. Who, indeed, wants a tipple minus the tipsiness? Ruchi Nagrecha did.

L Catterton India and former Managing Director HUL, Sanjiv Mehta said on Saturday. He also said that the India-focussed joint venture that he formed with global investment firm L Catterton's Asian arm to develop a new investment vehicle is primarily focused on consumers, which is his «sweet spot… „If you look at the investment journey, this entire private equity journey, it starts with identifying where you want to invest. Then you look at identifying what could be your potential investment in a portfolio company. Then you decide the timing of investment and how much to invest. Then it is the classical creation of value. And the value is what I described, how technology will reshape value creation,“ Mehta said at the Mumbai Tech Week, which concluded here on Saturday. Noting that the last thing is determining when to exit, he said that's the whole value chain of private equity.

Subscribe to enjoy similar stories. Damu Nagar near Mumbai’s Sanjay Gandhi National Park is one of those places where slum fires are a frequent occurrence. When residents hear “Cooker phat gaya" (an LPG cylinder has blasted), they all fetch that one bag of documents, which is always kept handy, and run for their life.

Subscribe to enjoy similar stories. When it comes to birds, India has always been a superpower.

Subscribe to enjoy similar stories. Indian apparel startups – the likes of Myntra, The Souled Store, and niche players – have capitalised on the cultural hype surrounding major music events this year, leading to a sharp rise in sales of artist-themed merchandise and festival fashion, several executives told Mint. The buzz around events such as Coldplay's India tour, Ed Sheeran’s concert and Diljit Dosanjh's 'Dil-Luminati' collection this year has spurred new business opportunities, shaping consumer trends and driving sales.

Subscribe to enjoy similar stories. Mumbai: A.P. Moller-Maersk has offered to invest up to $5 billion in India to expand its local operations, but about $2 billion of this is contingent upon the shipping and logistics major getting an extension of its 30-year concession for the Pipavav port in Gujarat that expires in September 2028.