City Mumbai Financial News

25.02 / 16:05

markets Digital Pool Enterprise RAI Diversity innovations Global Capacity Centres to expand to USD 105 billion by 2030: Labour Secretary

Labour Secretary Sumita Dawra on Tuesday said that global capability centres (GCC) are projected to expand to USD 105 billion by 2030, employing over 2.8 million people solidifying India's role as a global hub for enterprise operations and innovation.

25.02 / 12:57

markets COST Booking security Trade cover International What are the perils of using ‘buy now, pay later’ option for stock purchases

Subscribe to enjoy similar stories. MUMBAI : ICICI Direct’s latest TV commercial on the “buy now, pay later" offer for stock purchases created a lot of chatter on the microblogging site X, formerly Twitter, about the potential risks of buying shares by borrowing money from a broker. To be sure, most brokers in India offer a margin trading facility (MTF), positioning it as a “buy now, pay later" option.

25.02 / 07:01

markets Citi FIVE Waters community City-wise Ramadan 2025 Timings: Sehri & iftar schedule for Delhi, Mumbai, and more

Saudi Arabia, the UAE, the UK, and the US will attempt to sight the moon on 28 February. If visible, fasting will begin on 1 March. However, South Asian nations, including India, Pakistan, and Bangladesh, will observe moon sightings on 1 March, potentially starting fasting on either 2 or 3 March, depending on visibility.

24.02 / 17:37

markets UPS Digital Sustainability Parke country Blackstone, Panchshil to set up India’s largest data center with Rs 20,000-crore investment

Blackstone Group, the world’s largest alternative asset manager, and its development partner Panchshil Realty are planning to develop India’s single largest hyperscale data center with 500 MW capacity in Navi Mumbai with an investment of over Rs 20,000 crore, said persons with direct knowledge of the development.

24.02 / 13:57

markets UPS Reuters Software RAI inclusion RBI eases restrictions on New India Co-operative Bank; Deposit withdrawals up to Rs 25,000 now allowed

Reserve Bank of India on Monday announced its decision to relax the restrictions on New India Co-operative Bank Limited, Mumbai, allowing depositors to withdraw up to Rs 25,000 from their accounts. The decision, effective from February 27, 2025, follows a review of the bank’s liquidity position in consultation with the bank’s Administrator.

24.02 / 12:21

markets Citi Reuters Platform Nestle RAI Nescafe Nestle India considering price hikes to counter commodity inflation, executive says

Nestle India will consider raising prices of its products by a small margin to counter inflation in coffee, cocoa and edible oil while aiming to keep sales coming in, a top executive said on Monday.

24.02 / 10:51

markets UPS Digital CEO Software country India's IT sector should overhaul business, create own language models: HCLTech CEO

HCLTech CEO C Vijayakumar.

24.02 / 10:09

markets UPS Strategy Research President innovations medicines Ozempic play: Mankind Pharma in the fray for weight-loss drugs

Subscribe to enjoy similar stories. Mankind Pharma, India’s fourth largest drugmaker by domestic sales, is setting its sights on anti-obesity drugs like Semaglutide, better known by brand names Ozempic and Wegovy, which goes off-patent early next year. The pharma major is the latest among the country’s top generics drugmakers, including Dr.

24.02 / 03:45

markets Target CEO Platform Analysis Sustainability Trade How viable is Rs 250 per month SIP for Indian AMCs? Navneet Munot answers

Navneet Munot, MD & CEO, HDFC AMC, says they have collaborated with all ecosystem partners, including KRAs, depositories, exchanges, and banks. Their efforts are focused on making this initiative sustainable, with the aim of encouraging individuals to maintain their Systematic Investment Plans (SIPs) over the course of several years. On Rs 250 per month SIPs Navneet Munot: Indian mutual fund industry has 5.3 crore unique investors. This number needs to multiply over the next several years and what we have tried to do today is to reduce the ticket size of the per month SIP, bringing it down to Rs 250 where every fund house will bring down the minimum ticket size of the SIP in certain funds to 250.

24.02 / 00:57

markets UPS Action security Experts Diversity Sebi chief’s new power during emergencies may have an unintended outcome, say experts

Subscribe to enjoy similar stories. Mumbai: A new framework that allows the market regulator’s chief to bypass the consultation process before finalizing rules has drawn criticism, with the legal fraternity saying it could make the process less transparent. Currently, the Securities and Exchange Board of India (Sebi) uses committees with diverse stakeholders to discuss proposed regulations, publish consultation papers for public comment and upload agenda papers (excluding confidential information) after board decisions.

24.02 / 00:57

markets Target Analysis wellness Cycling show 2020 Can multi-asset funds balance risk and returns?

Subscribe to enjoy similar stories. MUMBAI : Multi-asset funds work on the principle that by investing across different asset classes, investors can reduce volatility and optimize their returns, as at least one asset class is likely to do better than others in a given economic cycle. But can multi-asset portfolios work in Indian markets.

23.02 / 20:53

markets Citi FIVE Booking RAI country Interviews Home demand strong, but mellowing, says Pirojsha Godrej

residential properties remains «very strong» across major cities but the euphoria seen in the last few years is mellowing down a little bit, said Pirojsha Godrej, executive chairperson of Godrej Properties.

23.02 / 18:29

markets UPS Citi Provident strain Schools Mumbai’s redevelopment activity surge sparks rental housing market boom

housing society redevelopment across Mumbai has led to a significant surge in rental demand, pushing up rents in key areas of the country’s commercial capital and even in neighbouring cities like Thane and Navi Mumbai.

23.02 / 18:29

Action Fighting singer reports Courts rights Udit Narayan lands in legal dispute: First wife drags him to court over marriage and money

23.02 / 11:47

awards wellness trends Casella Diversity performer hospital How Singapore's bar culture has influenced the way Asia drinks

Subscribe to enjoy similar stories. Indra Kantono, co-founder of the multiple award-winning Jigger & Pony, one of Singapore’s top bars, visited India for the first time recently. In Mumbai, bartenders and restaurateurs thronged his masterclass on growing a great bar brand at The Oberoi’s Eau Bar, which was organised in association with The House of Suntory.

23.02 / 10:21

UPS Provident Healthcare Experts recommendations medicines infection Motherhood 101: A guide to demystify your breastfeeding journey

Subscribe to enjoy similar stories. Breastfeeding is often presented as a natural and effortless act, but the reality is that it's a journey filled with learning, adjustments, and a wide range of experiences. While some mothers and babies take to it seamlessly, others face challenges and have questions about what's considered “normal".

23.02 / 10:07

UPS Analysis Highways Death reports Traffic Hit-and-run cases account 38 pc of all fatal crashes on Mumbai roads in 2023: Report

Occupants of the two and three-wheeler vehicles and pedestrians were majority of the victims in the road crash deaths here in 2023, an official on Sunday said quoting the data.

23.02 / 09:43

markets MET Software RAI Department Videos Maharashtra: State Legislature session to begin from March 3, budget on March 10

Maharashtra Legislature will be held from March 3 to March 26 in Mumbai. The State Budget will be presented in both the Houses of the Legislature on March 10.

23.02 / 07:17

markets Digital Google Platform Mobile information Relationships Are digital payments changing our relationship with money?

Subscribe to enjoy similar stories. Ever had the fear of adding an extra zero while making an online payment—at a store, while jumping out of a cab, or at any moment when the ease of “scan to pay" or “tap to pay" collides with our natural tendency to rush? Mumbai-based financial markets professional Baibhav Mishra, 28, lived through that nightmare last year.

23.02 / 04:21

markets UPS Citi Career Strategy Schools Colleges Know your fund manager: Prashant Pimple, CIO - Fixed Income, Baroda BNP Paribas Mutual Fund

I am Prashant Raghunath Pimple, born in the city of dreams ‘Bombay’, in a family of bankers and accountants. This city ‘a majestic mayhem’, is where I travelled the journey from my formative years of schooling to the completion of my post-graduation. Trump-Modi MeetThe mega MIGA, MAGA

22.02 / 04:59

markets Digital Software Sustainability RAI International IMO Secretary-General Arsenio Dominguez visits India to discuss sustainable maritime practices

TK Ramachandran, Secretary of the Ministry of Ports, Shipping and Waterways (MoPSW), welcomed International Maritime Organisation (IMO) Secretary-General Arsenio Dominguez at the Ministry as part of his ongoing visit to India.

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