City Mumbai Financial News

22.02 / 04:57

markets UPS Target CEO Swimming reports Why Rashesh Shah of Edelweiss loves running metaphors

Subscribe to enjoy similar stories. Rashesh Shah, chairman of the financial services conglomerate Edelweiss and an avid long-distance runner, was participating in a run in Khandala, near Pune, in 2015 with a specific target. He wanted to complete the distance, which included a 16km uphill stretch, in under two hours.

22.02 / 01:01

COST UPS Booking Enterprise Fitch reports Indian Bank’s new chief wants to flip the playbook to focus on the small guns

Subscribe to enjoy similar stories. Mumbai: A month in as the new chief of Indian Bank and Binod Kumar is looking to flip the state-run lender’s playbook albeit at a cautious but steady pace.

22.02 / 00:11

markets Citi Digital Software Trade RAI FMCG Inc readies quick fix for urban distributors

quick commerce.

21.02 / 17:43

markets Digital CEO Software RAI beautiful Good Glamm sells digital media unit ScoopWhoop at fifth of its purchase price

Good Glamm Group, which is facing a cash crunch and is looking to raise capital at a significantly marked down valuation, has completed the sale of its digital media subsidiary, ScoopWhoop, to Bengaluru-based marketing agency WLDD, people in the know said.

21.02 / 17:11

markets security innovations Features International cricket Sporting International Masters League ropes in nine sponsors, partners for inaugural edition

International Masters League (IML) is set to kick off with a thrilling showdown between Sachin Tendulkar’s India Masters and Kumar Sangakkara’s Sri Lanka Masters on February 22. As excitement builds for this much-anticipated tournament, the league has secured a stellar roster of sponsors and partners.

21.02 / 15:23

markets UPS security students testing Schools No need for Sebi to comment on small, mid-cap slump: Madhabi Puri Buch

Subscribe to enjoy similar stories. Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said on Friday that there was no need for the regulator to comment on the recent slump in mid- and small-cap stocks, pockets of the market whose high valuations had prompted her to raise concerns last year.

21.02 / 12:11

security Analysis Research trends 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 red amid brisk selling in frontline bluechip counters. Stocks that surged in excess of 15% included, Nakoda Group Of Ind(PP)(19.94%), Narayani Steels(19.92%), Religare(18.96%), IKIO Lighting(18.82%), Envair Electro(17.96%), ETT Ltd(16.51%) and Saboo Sodium(15.08%).

21.02 / 09:53

markets Software RAI exclusive Courts Investigations Bankruptcy court allows exclusion of time in Gitanjali Gems liquidation due to PMLA proceedings

bankruptcy court in Mumbai has allowed an application filed by the liquidator of Gitanjali Gems to exclude about 260 days from the liquidation process of fugitive diamantaire Mehul Choksi-promoted firm’s liquidation process.

21.02 / 09:53

markets Action Election social Videos Viral video of patchwork on Mumbai Coastal Road prompts PMO action

21.02 / 07:41

COST Provident Target Highways reports travelers Highway tolls burning a hole in your pocket? The government has a plan

Subscribe to enjoy similar stories. Highway tolls are eating into commuters’ budgets, with costs rising year after year. Now, the government is weighing a plan to offer discounted toll passes that could bring relief to regular highway users, according to two people familiar with the matter.

21.02 / 05:07

Citi FIVE Career wellness Features rights cricket Women's Premier League: Breaking barriers one season at a time

Subscribe to enjoy similar stories. The stadium is packed every day, the matches are edge-of-the-seat affairs featuring muscular six hitting, wily spin bowling, pacers knocking down stumps, great catches and eye-catching athleticism on the field.

21.02 / 04:11

markets Aware Software RAI information New India Coop Bank embezzlement: Ex-GM would phone staffers to take cash out from safes, say cops

Hitesh Mehta, used to call two staffers, instructing them to hand over Rs 50 lakh at a time from the bank's safes to persons he sent, police officials have said. Mehta and real estate developer Dharmesh Paun have been in custody since Sunday in connection with the alleged embezzlement of Rs 122 crore from the bank that was uncovered following an inspection by the Reserve Bank of India.

21.02 / 02:47

markets Aware Career Strategy Exodus Diversity International Tata Motors sees a top-tier exodus ahead of demerger

Subscribe to enjoy similar stories. Mumbai: Tata Motors Ltd has seen a bevy of senior executives leave the automaker in the past few months at a time when it is undergoing a major restructuring, splitting its operations into two separate listed companies handling commercial vehicles (CV) and passenger vehicles (PV) businesses. Mint is aware of at least half a dozen such departures since August, all in the ranks of team heads or above.

21.02 / 02:47

UPS Cooper cover Department Profiles It’s time for a complete overhaul of bank deposit insurance

Subscribe to enjoy similar stories. The government is “actively considering" a hike in India’s deposit insurance limit beyond the current ₹5 lakh, according to M. Nagaraju, secretary, department of financial services.

20.02 / 14:51

FIVE Exodus Research performer Inside information Equality Exodus from cash-starved ATM firm’s board raises questions on role of independent directors

Subscribe to enjoy similar stories. Bengaluru/Mumbai: Within days of AGS Transact Technologies Ltd acknowledging that a cash crunch had forced it to default on bank loans, statutory payments, and staff salaries, all four independent directors on its board resigned in quick succession. This caught the attention of proxy advisory firms, who are questioning the overall role of independent directors and if they could have intervened to limit AGS’ cash crisis, which impacted cash dispensers of some of India’s top domestic banks.

20.02 / 09:51

markets COST Citi Software Sustainability RAI Hiranandani, Krisala ink development JV for 105-acre township in Pune’s Hinjewadi

Hiranandani Group has entered into a joint venture with Krisala Developers to develop an integrated township spread over 105-acre land parcel in Pune’s Hinjewadi area, marking its foray into the city’s real estate market.

20.02 / 06:27

markets UPS Provident FIVE Booking WhatsApp Maha Kumbh 2025: Mumbai residents fall prey to online scamsters promising VIP tents, helicopter rides

20.02 / 04:15

markets Target Digital Trade country Corporate executives wary of tariffs complicating investment decisions, says Deutsche Bank's Matthiessen

Subscribe to enjoy similar stories. MUMBAI : Corner-office executives across the world are wary of regulatory changes sparked by fresh tariff barriers, complicating investment decisions and adding to business uncertainties, said Ole Matthiessen, global head of cash management and head of corporate bank for Asia-Pacific, Middle East and Africa at Deutsche Bank. “Tariffs add uncertainty, forcing clients to rethink supply chains and investments.

20.02 / 00:33

UPS Provident MET Cooper Trade reports Mint Primer | Cooperative bank crisis: Has anything changed since PMC's plight in 2019?

Subscribe to enjoy similar stories. Another cooperative lender is now embroiled in an alleged fraud. Mumbai-based New India Cooperative Bank faces crippling curbs from RBI and its board has been dissolved, similar to what PMC Bank faced in 2019.

19.02 / 14:49

markets UPS Analysis Trade reports rights Goldman Sachs buys BSE shares for Rs 401 crore

Goldman Sachs on Wednesday bought shares of leading stock exchange BSE for Rs 401 crore through an open market transaction. According to the bulk deal data available on National Stock Exchange (NSE), US-based Goldman Sachs through its arm Goldman Sachs (Singapore) purchased 7.28 lakh shares of BSE Ltd. The shares of Mumbai-headquartered BSE were picked up at an average price of Rs 5,504.42 apiece, taking the deal value to Rs 401.19 crore.

19.02 / 09:37

markets UPS Food country reports Relationships Pharmaceuticals Why we need to rethink the discourse on body positivity in the age of Ozempic

Subscribe to enjoy similar stories. In July 2024, Eli Lilly and Co., the pharmaceutical company, announced that it has secured the first approvals for the import and sale of its diabetes and obesity medication, Tirzepatide—sold under the name Mounjaro—in India in 2025.

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