City Mumbai Financial News

Adani Energy Solutions shares will remain in focus on Wednesday after the company won transmission projects worth Rs 28,455 crore in the quarter ended December 31, 2024, bolstering the company's under-construction project pipeline to Rs 54,700 crore from Rs 17,000 crore at the start of the year. In its Q3FY25 update filed to the exchanges on Tuesday, the Adani Group company said that it won two transmission projects — one was Khavda Phase IV Part-D with a project cost of Rs 3,455 crore and the second was Rajasthan Phase III Part-I (Bhadla – Fatehpur HVDC) with a preliminary project cost of Rs 25,000 crore.

Sharad Pawar has said that Uddhav Balasaheb Thackeray's decision to contest the local body polls independently was not out of line and that the INDIA bloc was meant for only the Lok Sabha polls. In what has come as a jolt to the Congress, Pawar indicated that he would prefer supporting the Aam Aadmi Party (AAP) in the Delhi assembly polls instead of long-term ally, the Congress.

Property developers in Dubai are receiving an increasing number of inquiries from residents of Tier 2 and tier 3 Indian cities as apartment and villa prices in Delhi and Mumbai literally shoot through the roof. While in Delhi and Mumbai, most of the properties launched are above ₹5 crore and above, in Dubai the average property price is also in the same range.

K Raheja Corp is acquiring a 5.75 acre plot along with a built-in property in Mumbai’s western suburb of Kandivali east for around Rs 466 crore.

Subscribe to enjoy similar stories. MUMBAI : Banks in India added more deposits than loans last year, leading to a softening of the credit-deposit ratio, even as deposit growth failed to keep pace with advances, showed latest data from the Reserve Bank of India (RBI). The gap between fresh deposits and non-food credit widened to over ₹2 trillion in 2024, higher than ₹1.3 trillion in the previous year.

Subscribe to enjoy similar stories. Kolkata: In December, the iconic Howrah Bridge in Kolkata turned blue, as did the city’s famous clock tower, a replica of London's Big Ben. The South City and Acropolis shopping malls got the same treatment, as did the conveyor belts at Netaji Subhas Chandra Bose airport.

Ajit Pawar on Tuesday described the murder of sarpanch Santosh Deshmukh in Beed district as a «brutal» act and asserted those involved in the crime would face stringent punishment.

BCAS), are working on formulating a standard operating procedure (SOP) to enable the operationalisation of e-commerce export hubs in the country, an official said. The commerce ministry has already approved five applications of DHL, Lexship, goGlocal, logistics aggregator Shiprocket, and air cargo handling company Cargo Service Centre to set up these hubs, the government official said.

Subscribe to enjoy similar stories. MUMBAI : The recent equities sell-off, led by aggressive offloading by foreign portfolio investors (FPI), has eroded investor wealth worth nearly ₹60 trillion in the past three and a half months. Market veterans expect the pain to last so long as the FPI selling continues amid an uncertain macro environment.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Sri Chakra Cement(20.00%), Palash Securities(17.18%), Centenial Surg(16.23%) and AVI Products India (15.81%).

CBRE data showed that land deals of more than 2,200 acres last year as against about 1,900 acres in the preceding year.

Subscribe to enjoy similar stories. Dreaming of a magical white Christmas in Europe but worried about the cost? Mumbai-based entrepreneur Mufaddal Kagalwala and his wife Sakina Gandhi turned this dream into a reality—without breaking the bank. By taking advantage of off-season deals on flights and hotels, the couple pulled off an unforgettable 13-day journey across Hungary, Slovakia, Austria, and the Czech Republic—all for under ₹3.5 lakh.

He had bought his first house when he was 35 years old. Twenty years on, he and his wife live in a much bigger flat in Mumbai. He had also restructured and modernised the house in which his retired parents lived in Pune. He had a farm in Karjat, where he had a small farmhouse. His plan is to retire to this house in another 5-10 years. “It all worked out well,” he told me. With the new airport coming up, he is considering booking a flat at one of the new developments in Panvel as well. “This will not be like Lavasa,” he offered. He had been an early investor in the dream project that failed to take off as planned. His money had been stuck there for quite a few years and he finally sold it at a loss. “I am confident the new one will be a winner,” he reassured me.

NCLT) has approved the merger of Kiranakart Technologies, which operates quick commerce platform Zepto, with its Singaporean affiliate entity Kiranakart Pte Ltd—a move that will help accelerate its initial public offering (IPO) plans in India this year. Zepto’s domicile flip to India will formally complete within the next 30 days, a person aware of the matter said, adding that this was one of the fastest approvals of its kind from the tribunal. “The scheme appears to be fair and reasonable and (it) is not in violation of any provisions of law and is not contrary to public policy,” the Mumbai bench of NCLT observed in its January 9 order.

integrated dental products company with presence in India and overseas. It is rolling out an initial public offering of ₹698 crore comprising a fresh issue of ₹138 crore and an offer for sale of ₹560 crore that dilutes the promoter shareholding from 46.5% to 42.6%. Of the issue proceeds, ₹27.5 crore will be used to repay borrowings and ₹68.3 crore for funding capex. Business: Incorporated in 2004, the company manufactures a range of branded dental products ranging from crowns, bridges, and aligners to thermoforming sheets, intraoral scanners and paediatric dental products. It is the largest and most profitable vertically integrated and indigenous B2B2C dental aligner solutions company.

Ira Jadhav became the first Indian to score a triple hundred in Under-19 cricket, when she made a 346 against Meghalaya in the U19 Women's One Day Trophy here on Sunday. Ira, a student of the Sharadashram Vidyamandir, the alma mater of Sachin Tendulkar, Vinod Kambli and Ajit Agarkar made her runs in 157 balls with 42 fours and 16 sixes. This is also the highest score in Youth List A matches by an Indian but the world record in the segment stands in the name of Lizelle Lee of South Africa, who made 427 in 2010 in a domestic match. Jadhav, who went unsold in the previous Women's Premier League auction, however has been named among the standbys for India's U19 T20 World Cup squad for the tournament to be held in Malaysia.

Subscribe to enjoy similar stories. Mumbai: In 2016, Amitabh K., a senior marketing executive working at a multinational technology company in Mumbai, raised what he thought was a pertinent question: “Where are the non-whites in the senior management team?" He brought up the issue with the company’s human resources (HR) department while discussing the possibility of a promotion. He noticed that while a substantial chunk of the company’s employees were from across the globe, there was little diversity at the top.

Rajeev Shukla on Sunday said that the 2025 season of the Indian Premier League (IPL) will begin on March 23. He made the announcement after the BCCI Special General Meeting in Mumbai on Sunday. Further, the BCCI has announced the appointment of a new commissioner for IPL for a one-year term. The next meeting is scheduled for January 18-19 and will finalise the squad for the upcoming Champions Trophy.

Subscribe to enjoy similar stories. Is there a new restaurant you are keen to try? They can probably seat you for dinner five weeks from now at 10pm—if you’re lucky and can reserve a spot in under two minutes online. That’s why Bengaluru-based algorithms engineer Dakshin Victor John, 28, spent a few hours analysing session timing, page views and queues on the website of Naru, the noodle bar that opens for reservations every Monday at 8pm and is booked within minutes.

Macrotech Developers has acquired nearly 20-acre land parcel in Bengaluru for development of a housing project worth Rs 2,800 crore, as part of its expansion plan. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, has been acquiring land through outright purchases as well as forming partnerships with landowners for the joint development. Out of the total, nearly 20 acre land was acquired in Bengaluru, the company has outright purchased some portion of land, while entering into joint development agreement with the landowner for the remaining part, sources said. In its latest operational update for the December quarter, Macrotech Developers informed that the company has added one new project in Bengaluru with GDV (gross development value) of Rs 2,800 crore.

Ira Jadhav, a 14-year-old Mumbai opener, created history by becoming the first Indian to smash a triple hundred in U19 limited overs cricket on Sunday. She ended the innings at 346 not out off just 157 balls as Mumbai posted 563/3 in 50 overs against Meghalaya. Opening the batting in the Women’s One Day Trophy at Alur, Karnataka, Jadhav broke multiple records as she overtook Smriti Mandhana's record for the highest U19 score by an Indian. Jadhav's marathon innings included 42 fours and 16 sixes as she propelled Mumbai to the highest score by an Indian women’s domestic side across all tournaments and age groups.