City Mumbai Financial News

Subscribe to enjoy similar stories. Today's edition of Stocks Made Easy shines a spotlight on a luxury car rental services company. We first featured this company a month ago, during a deep dive into stocks trading below their book value—a trend that gained traction when the buzz around Elcid Investments’ boom was just hitting mainstream attention.

Reliance Industries Limited (RIL) shares will remain in focus on Monday after the company announced the acquisition of a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore. The deal, approved by RIL's Board of Directors on December 11, 2024, was completed following consent from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), which waived its rights of first refusal on December 12, 2024.

Hinduja Group company IIHL is expecting to complete the acquisition of debt-ridden Reliance Capital (RCAP) by next month and aims to ramp up banking, financial services, and insurance (BFSI) business more than three-fold to USD 50 billion in the next five years. «Most of the approvals and procedures related to the resolution process of Reliance Capital are complete. Couple of the procedures at the end of the administrator and CoC are to be completed. We hope that all these will be over in the next 4-6 weeks and RCAP should come into the fold of Hinduja Group by the end of January,» IIHL Chairman Ashok P Hinduja said. With the acquisition of RCAP, he said IndusInd International Holdings Ltd (IIHL) is targeting a valuation of USD 50 billion by 2030 as against the current valuation of USD 15 billion (as on September 30, 2024).

Shiv Sena (UBT) has dropped broad hints over the past few days of going back to its core Hindutva agenda after the drubbing the party received in the November 20 Maharashtra polls. The party has mounted a strident attack on the Centre for atrocities on Hindus in Bangladesh after the fall of the Sheikh Hasina government in the neighbouring country in August and has now come forward to «protect» an «80-year-old» Hanuman Temple outside Mumbai's Dadar station that was served a demolition notice by the railways. Signalling its intent on the issue, Shiv Sena (UBT) leader Aaditya Thackeray performed 'maha aarti' at the temple amid efforts by the party to corner the ruling BJP on the Hindutva plank.

Mum vs MP, Syed Mushtaq Ali Trophy final Live Updates: Shreyas Iyer has won the toss for Mumbai and opted to bowl against Madhya PradeshMumbai vs Madhya Pradesh, Syed Mushtaq Ali Trophy final, Syed Mushtaq Ali Trophy final Live, Syed Mushtaq Ali Trophy, Shreyas Iyer, M Chinnaswamy Stadium, Ajinkya Rahane, Rajat PatidarKeeping an eye on the second title of the Syed Mushtaq Ali Trophy, Shreyas Iyer-led Mumbai is clashing with Madhya Pradesh for a nail-biting clash with Rajat Patidar-led Madhya Pradesh in the finals on Sunday at the M Chinnaswamy Stadium.Shreyas Iyer has won the toss for Mumbai and opted to bowl against Madhya Pradesh.The final is being played as 38 teams clash for the title in 134 matches, spread across 12 sporting venues in a span of 21 days.Mumbai's star batter Ajinkya Rahane, in his last three matches, has scored 98 (off 56 balls), 84 (off 45 balls) and 93 (off 53 deliveries. He also helped Shreyas Iyer, Shivam Dube and others in in scoring runs for the team.On the other side, Madhya Pradesh's Rajat Patidar has caught the attention too.

Vijay Khare passed away at 4 AM today, December 15. Known widely for his iconic portrayal of Gabbar Singh, Khare was a well-known and respected name in the Bhojpuri film industry. His demise comes after a period of health struggles, during which he was receiving treatment at Cauvery Hospital in Bangalore. Although his condition had reportedly stabilised, his health took a sudden downturn, leading to his untimely passing. Fans and colleagues across the industry mourned the loss of a versatile actor who made his mark in over 200 Bhojpuri films throughout his illustrious career. Originally hailing from Muzaffarpur, Bihar, Vijay Khare later moved to Mumbai, where he founded the Vijay Khare Academy, a prominent acting school. Khare’s remarkable career spanned decades, with memorable performances in films like Raijzada (1976), Ganga Kinare Mora Gaon (1983), and Hamra Se Biyaah Karba (2003). His powerful on-screen presence and nuanced acting won him widespread acclaim from both fans and the film fraternity.

The bus was heading towards the Kurla bus depot from Shivaji Nagar when the victim's two-wheeler came in contact with one of the rear tyres of the bus, and he got run over, the official said. The victim, Dikshit Vinod Rajput, sustained a severe head injury and was rushed to the Rajawadi Hospital, where the doctors declared him dead before admission, he said.

neighbourhood billionaire, and all this is available in your city. Ultra-luxury houses that can give The Louvre a run for its money — like this particular residential tower in Mumbai where you can enjoy an original Picasso in the lobby as you sip your morning tea — are becoming all too common in India. The price tag can run into hundreds of crores, something that’s hardly a deterrent for the rich and famous whose numbers seem to only be increasing, with India adding a billionaire every 5 days in 2023. The extraordinary surge in wealth since the pandemic has fuelled a boom in the luxury housing market that has all but reshaped the country’s real estate landscape. With the pandemic behind us and the economy continuing to deliver world-beating growth, the luxury residential segment is emulating the growth march, setting new benchmarks for opulence, exclusivity and sophistication.

Neerav Parekh, owner of professional football club Barnsley Football Club in South Yorkshire, England, and his mother Kalpana Parekh have purchased two sea-facing luxury apartments including a duplex on Mumbai’s Worli sea face for a total of Rs 170 crore. Both Kalpana Parekh and Neerav Parekh are part of promoter group of Pidilite Industries. The chairman of Barnsley Football Club, which was founded in 1887 and competes in EFL League One, has acquired the duplex on the 23rd and 24th floor of the under-construction super-premium tower Naman Xana himself, while his mother has acquired another apartment on the 22nd floor.

MDoNER) is set to host the Northeast Trade and Investment Roadshow in Mumbai on December 16, 2024. The event will be addressed by Jyotiraditya M. Scindia, Union Minister for MDoNER, along with Manik Saha, Chief Minister of Tripura, and Conrad K. Sangma, Chief Minister of Meghalaya. Key officials, including Chanchal Kumar, Secretary, MDoNER, and Monalisa Dash,

BJP leaders on Saturday claimed that a demolition notice issued by the Railways to a temple outside Mumbai's Dadar station has been stayed, with Maharashtra Chief Minister Devendra Fadnavis saying it would be regularised as per rules. The assertions by the ruling party leaders came a day after Shiv Sena (UBT) chief Uddhav Thackeray slammed the BJP over the notice. BJP legislator Mangal Prabhat Lodha said the Dadar Hanuman temple will be protected. Lodha visited the shrine near Platform No. 12 at Dadar East, adjacent to the Central Railway station. He interacted with the temple trustees and joined the 'aarti'.

Tollywood actress Lakshmi Manchu, daughter of veteran actor Mohan Babu, has found herself under the spotlight amid a publicized family feud involving her father and brother, Manchu Manoj. Fans have flooded her social media with questions regarding the conflict, but Lakshmi has chosen to remain silent, opting instead to share cryptic messages online. In the past, Lakshmi has openly spoken about the challenges she has faced within her family, particularly highlighting the gender disparity where the men have enjoyed more privileges than the women. Her decision to move from Hyderabad to Mumbai in 2023 was a pivotal step in her career, made possible with the support of actors Ram Charan and Rana Daggubati. On Thursday, Lakshmi posted a thought-provoking quote by Roman emperor Marcus Aurelius on X (formerly Twitter): “What are you afraid of losing when nothing in the world actually belongs to you.” This came a day after she shared a peaceful Instagram video of her daughter, Vidya Nirvana, captioned simply as “Peace” with an evil eye emoji.

Reliance Industries Limited (RIL) on Friday announced the acquisition of a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for Rs 1,628.03 crore. The deal, approved by RIL's Board of Directors on December 11, 2024, was completed following consent from the City and Industrial Development Corporation of Maharashtra Limited (CIDCO), which waived its rights of first refusal on December 12, 2024. As part of the transaction, RIL acquired 57.12 crore equity shares of NMIIA at Rs 28.50 per share, the company stated in a release on the exchanges.

Subscribe to enjoy similar stories. MUMBAI : Bajaj Finance Ltd, one of India’s leading non-bank lenders, is scaling back its ambitions in the payments and credit card businesses as part of a revised five-year roadmap, BFL 3.0.

IndiGo flights 6E 12 (Istanbul to Delhi) and 6E 18 (Istanbul to Mumbai) faced significant delays exceeding 24 hours at Istanbul Airport. Originally scheduled for departure on Wednesday night, the flights were postponed multiple times without proper updates, leaving travellers stranded in challenging conditions. As of Friday morning, 39 hours into the ordeal, IndiGo had not confirmed departure times.

The incident occurred around 12.30 am on the Nishanpada Road, an official said. As per primary information, the building was vacant as it was in dilapidated condition, he added.

Vinod Kambli has been grabbing the headlines for his deteriorating health conditions. Now, he has recently opened up about his health struggles and financial challenges, revealing the vital role played by his childhood friend Sachin Tendulkar. Tendulkar provided financial assistance to Kambli during two critical surgeries following a heart attack in 2013. Kambli underwent the procedures at Lilavati Hospital in Mumbai and expressed deep gratitude for Tendulkar’s unwavering support during that difficult period. Reflecting on his recent health issues, Kambli opened up about it in an interview with Vickey Lalwani. He shared that he faced a medical emergency about a month ago, requiring hospitalization at three different facilities. He described the incident as a sudden collapse at home, where his son and daughter had to assist him. His wife, Andrea, took him to the hospital multiple times, ensuring he received the necessary care. He credited her for her dedication and encouragement. Kambli emphasized that he is now doing better and continues to focus on his health. Addressing past speculation about health problems linked to alcohol addiction, Kambli clarified that he had quit drinking and smoking months before his collapse. He recounted an incident where he suddenly fainted while driving, leading to an emergency trip to the hospital. He also noted that surviving two heart attacks has reinforced his determination to prioritize his health, with his wife standing by him through these challenges.

Noida International Airport (NIA) in Uttar Pradesh. The total CISF manpower sanctioned for providing a counter-terrorist cover to the two upcoming airports is 2,870. The sanction of the Central Industrial Security Force (CISF) manpower is for the first phase of operationalisation of the two airports. The force's strength will be enhanced once these airports finish phase II, sources said.

Prashant Mehta as Managing Director to lead its Global Delivery Centre (GDC). Mehta will focus on accelerating the GDC’s global growth, with a significant concentration of talent based in India. The specialist capability hub, accessible to all WPP agency teams worldwide, will be headquartered in India. This follows the recent opening of a new campus in Chennai, WPP’s third in the country after Mumbai and Gurugram. India, a top-10 growth market for WPP and a hub of technological innovation and creativity, is pivotal to the GDC’s strategic expansion. Leveraging an existing workforce of 11,000 in the country, the GDC enhances WPP’s presence by capitalising on India’s resources and specialist expertise.

Sagar Gangwar, son of television actress Sapna Singh Gangwar—known for her roles in Bhabhiji Ghar Par Hai and Crime Patrol—has sent shockwaves through Bareilly. Sagar’s body was discovered on Monday morning near Adalakhia village in the Izzatnagar area, two days after he went to play cricket with his 20-year-old friend, Anuj Singh Chaudhary. A Class 8 student, Sagar had been living with his maternal uncle, Rajesh Kumar Gangwar, in Bareilly, while his mother resides in Mumbai. Police have detained Chaudhary and another youth, Sunny (19), both college students, for questioning. While Sapna alleged her son’s body showed severe injuries, including a slit throat and broken limbs, authorities refuted these claims, citing the autopsy report. According to SSP Bareilly Anurag Arya, “The exact cause of death is undetermined. There are no traces of poisoning, but we suspect excessive alcohol consumption and a possible drug overdose. The report will be sent to the state forensic department for further analysis. Regarding injury claims, there were no wounds except for drag marks on the body.

Rent can be an additional source of income for salaried individuals who have invested in property. While real estate as an investment may have its challenges in terms of liquidity and high capital requirement, rental income can complement one's salary.