City Mumbai Financial News

05.12 / 10:05
Updates International Andhra vs Mumbai Live Score: Match 126 of Syed Mushtaq Ali Trophy, 2024 to start at 04:30 PM
Venue : Rajiv Gandhi International Stadium, Hyderabad Andhra squad - Ashwin Hebbar, Maramreddy Reddy, Pyla Avinash, Ricky Bhui, Shaik Rasheed, Vamsi Krishna, Girinath Reddy, Tripurana Vijay, SDNV Prasad, Srikar Bharat, Bailapudi Yeswanth, Bodhala Kumar, Cheepurapalli Stephen, Kodavandla Sudharsan, KV Sasikanth, Satyanarayana Raju Mumbai squad - Ajinkya Rahane, Angkrish Raghuvanshi, Jay Bista, Prithvi Shaw, Shreyas Iyer, Suryakumar Yadav, Sairaj Patil, Shams Mulani, Shivam Dube, Siddhesh Lad, Suryansh Shedge, Tanush Kotian, Akash Anand, Hardik Tamore, Himanshu Singh, Mohammad Juned Khan, Mohit Avasthi, Royston Dias, Shardul Thakur Andhra vs Mumbai Match Details Match 126 of Syed Mushtaq Ali Trophy, 2024 between Andhra and Mumbai to be held at Rajiv Gandhi International Stadium, Hyderabad at 04:30 PM.
05.12 / 09:59
markets Citi Manufacturing Gap Software Metro show 70% of loan requests by MSMEs are to meet immediate financial needs: Paisabazaar
immediate financial needs. These range from working capital expenses, purchasing raw materials and consolidating debt. Consumers suggested that they need working capital to cover salaries and rent, pay utility bills, vendors and suppliers, and to manage routine day-to-day operations. The report by Paisabazaar shows that less than 30% of businesses applied for loans on future growth initiatives like marketing, brand building, upgrading machinery, or acquiring additional office space for expansion. The study revealed that nearly 45% of business loan applications were driven by the need for working capital expenses, highlighting the persistent liquidity challenges and short term cash flow gaps faced, especially by small businesses, in managing their day-to-day operations.
05.12 / 07:31
markets Digital Sustainability FLEX community social Publicis OOH India launches FlexForward initiative to combat billboard wastage
Publicis OOH India, a division of Publicis Groupe India, has developed FlexForward, a green initiative focused at recycling vinyl flexes used in the Out-of-Home (OOH) advertising market. In partnership with leading NGOs such as Goonj, FlexForward collects post-campaign flexes and repurposes them into eco-friendly utility products, including rain tarps, tote bags, and women’s utility pouches. These items are then distributed among marginalised communities, promoting sustainability while creating a positive social impact.
05.12 / 07:31
markets UPS Citi Digital CEO Software Struggling with jet lags? Age-reversing CEO Bryan Johnson shares some tips that might help you
Bryan Johnson, an American entrepreneur renowned for his anti-ageing endeavours, is currently on a six-day trip to India. From meeting the Ambanis to Bollywood celebrities like Sonam Kapoor, Bryan has shared his numerous experiences- not to forget how he felt the severity of air pollution in Mumbai soon after he landed in the city for an event held in collaboration with Zomato CEO Deepinder Goyal. He attended an intimate gathering at Soho House, where he met Deepinder Goyal and comedian Tanmay Bhat, engaging with a crowd of 50 for a candid conversation. Known for his groundbreaking 'Blueprint project' aimed at reversing ageing, the US tech billionaire is making waves during his visit to India. Johnson has been travelling across time zones which can often lead to jet lags. But the US software engineer has devised a comprehensive strategy to combat it. ALSO READ: Tech millionaire Bryan Johnson's India visit sparks buzz. What’s his link to Poonam Pandey?
05.12 / 07:03
markets Manufacturing wellness Trade country blues stars Blue Star sees strong growth in smaller towns, commercial air conditioning demand rises 20%
«The industry is closely working with the government on improving the energy efficiency as well as reducing the global warming. So, this industry is also regulated in that manner,» says B Thiagarajan, MD, Blue Star. The channel check by Motilal Oswal which is a securities firm, suggests that the festival demand was not very strong for consumer durable. Diwali and Durga Puja, since they were celebrated closely, do you think they cannibalised the sales for each other? B Thiagarajan: As far as room air conditioners is concerned, we had a fantastic festival season as well. In fact, the growth was more than 30%. It is probable that other durables did not do well, but very clearly air conditioners business has been growing and it continues even today.
05.12 / 01:49
Booking CEO Gap security Pride stage Interviews A small private bank, a new CEO and plans to stay conservative
Subscribe to enjoy similar stories. Mumbai: DCB Bank, one of India’s smallest private sector lenders, wants to play it safe. It is keeping a distance from unsecured loans, and banking on small businesses and individuals to improve its fledgling deposit ratios.
04.12 / 14:11
markets COST Man Citizens Strategy Parke travelers Rs 350 samosa, Rs 250 tea, common man forced to buy overpriced items: AAP's Raghav Chadha exposes high prices and air travel woes
Aam Aadmi Party (AAP) leader Raghav Chadha brought attention to a series of ongoing issues with air travel in India, stating that the government has failed to deliver on its promise of affordable domestic airfares. Speaking in the Rajya Sabha on Wednesday during a discussion on the Bharatiya Vayuyan Vidheyak, Chadha highlighted the numerous challenges passengers face, from rising ticket prices to overcrowded airports and high baggage charges. Chadha began by emphasising that economy class, once regarded as an affordable option for the average traveller, is no longer economically viable. Quoting his own experience, Chadha pointed out that airfares for domestic flights have reached unreasonably high levels. «Economy class is no longer economical. Before coming to the debate in this house today, I was checking flight rates on my phone. If I have to travel from Delhi to Mumbai tomorrow, the ticket costs 14,000 rupees. The cheapest one-way ticket from Delhi to Patna is 12,000 rupees, and from Delhi to Bangalore, it’s 16,000 rupees,» Chadha said. He added, «And forget that, just the day before yesterday, I travelled from my region Punjab to Delhi. I took a flight from Mohali Airport to Chandigarh Airport and reached Delhi. The ticket for that flight was 14,500 rupees.»
04.12 / 07:01
markets Ball Strategy AVP testing Schools KL Rahul keeps India's batting line-up a closely guarded secret
KL Rahul has refused to divulge the makeup of India's opening partnership for the second test against Australia amid speculation that he will drop down the order to make way for returning captain Rohit Sharma. Rohit missed India's comprehensive victory in the series opener in Perth to care for his newborn baby in Mumbai but has since joined the squad ahead of the pink-ball test at Adelaide Oval, which begins on Friday. Rahul filled in for Rohit at the top of the order at Perth Stadium and forged a 201-run opening stand with Yashashvi Jaiswal to put India on course for victory.
04.12 / 03:47
Booking Strategy Instagram actress innovations Features Updates US tycoon Bryan Johnson hobnobs with the Ambanis at Antilla; pics with Shloka Ambani go viral
Bryan Johnson, a 45-year-old millionaire entrepreneur and the visionary behind the ‘Blueprint’ project aimed at reversing aging, is presently in Mumbai. Renowned for his innovative strategies in longevity science, the tech entrepreneur offered a sneak peek into his visit to Antilia, the opulent home of the Ambani family, through his official Instagram account. Johnson, who is visiting India to promote his book Don't Die, shared his enthusiasm about the opportunity to spend time with the billionaire family.
04.12 / 02:53
Actor show performer reports travelers Videos Updates Sunil Pal found: Comedian was going through a problem which led to his disappearance
Comedian and actor Sunil Pal was reported missing for several hours after traveling out of Mumbai for a performance. Concerned by her inability to contact him, his wife, Sarita, filed a missing person complaint at the Santacruz police station on Tuesday. However, Film Trade analyst Girish Wankhede later informed ETimes, «He told me there was a problem, but he is out of it. He is now taking a flight from Delhi for Mumbai.» Senior police official Daya Nayak from Unit 9 Crime Branch also confirmed to ETimes that Sunil Pal had been located and was safe, adding that he is on his way home. Authorities have begun investigating the circumstances surrounding the case.
04.12 / 00:29
markets UPS Google Airlines Experts Traffic Submarine optic fibre infra booms as Google, Meta pour in dollars; data rivalry with local telcos in the offing
Bharti Airtel and Tata Communications amid a data centre boom. Opportunities are also opening up for neutral players such as Sify Technologies and Lightstorm — that offer cheaper landing infrastructure in India compared with telecom incumbents such as Airtel and Tata Communications, say industry insiders. Google is set to commission its Blue-Raman Submarine Cable System in Mumbai in the first quarter of 2025, people aware of the development told ET. The $400-million, 218-Tbps (terabits per second) capacity project entails investment by Italy's Sparkle too, among others. With Blue and Raman, Google now has 18 investments in subsea cables globally.
03.12 / 12:51
markets wellness Trade Experts track audience What should investors do as markets swing? Keep calm and carry on, experts say.
The stock markets have been volatile, with benchmark indices down as much as 10% from their recent highs. The correction comes amid a record selloff by foreign investors, downgrades to corporate earnings, and slower economic growth.
03.12 / 10:53
COST UPS Citi Food wellness DISH Fishing Can UK's beloved fish and chips survive rising costs and closures?
Subscribe to enjoy similar stories. Freshly cooked, piping hot fish and chips, sprinkled with salt and soused with vinegar, wrapped in paper and eaten out-of-doors on a cold and wintry day. Could there be anything more quintessentially British than fish and chips? The British love what Winston Churchill called “the good companions".
03.12 / 09:55
markets Provident Digital Mobile Parke information International Drones, LiDAR put in use to map Asia's largest slum redevelopment project
Dharavi Redevelopment Project (DRP) has embraced cutting-edge technologies to survey and document Asia's largest slum, officials said. Drones and remote sensing technology Light Detection and Ranging (LiDAR) are being used to map the 620 acres densely populated Dharavi slums. This is to ensure accuracy, transparency, and efficiency in a redevelopment project of this scale and complexity. The Dharavi Redevelopment Project Pvt Ltd, in which the Adani Group holds an 80 per cent stake along with the state government, plans to turn 620 acres of prime land, about three-quarters of the size of New York's Central Park, into a glitzy urban hub. About 7 lakh living in rickety shanties with open sewers and shared toilets in the densely populated slums, close to Mumbai's international airport, are to be given flats up to 350 square feet free of cost.
03.12 / 04:25
markets UPS Digital Strategy AVP Eknath Shinde's contribution should be duly recognised: Deepak Kesarkar
Shiv Sena leader Deepak Kesarkar has said the Maharashtra assembly polls were recently fought under the leadership of Eknath Shinde and it is up to the BJP's central leadership to decide how to maintain his stature. The contribution of Shinde, the caretaker chief minister of the state, should be duly recognised, Kesarkar said at a press conference here on Monday. The Mahayuti, comprising the Shiv Sena led by Shinde, BJP and Ajit Pawar's NCP, won 230 out of 288 assembly seats in the November 20 polls, results of which were declared on November 23. The BJP led with 132 seats, while the Shiv Sena got 57 and NCP 41 seats. BJP leader Devendra Fadnavis, two-time former CM, is widely seen as the frontrunner for the top post.
02.12 / 16:59
markets UPS Citi Digital Strategy trends PAM Bank of America picks up 1.60 lakh sq ft office in Mumbai’s Powai through 12-year lease
Bank of America has picked up more than 160,000 sq ft office space in a commercial complex in Mumbai’s Powai locality through a long-term lease of 12 years, with provisions for future scalability to accommodate growth, said people with direct knowledge of the development. Bank of America will be paying rentals of over Rs 350 crore for this new office spread across three floors. As per the agreement, it holds an option to pick up additional 1 lakh sq ft spanning two floors taking the total size of the deal to 250,000 sq ft and rental payout to Rs 600 crore. The investment bank has entered into the lease agreement with K Raheja Corp’s Chalet Hotels for this office space at Cignus Powai through its subsidiary BA Continuum India.
02.12 / 16:05
markets UPS Provident Strategy wellness rights International Puravankara eyes up to ₹2,000 cr capex, PE backing to become a ‘national player’
Subscribe to enjoy similar stories. In the race to become a national brand, Puravankara Ltd, a Bengaluru-based real estate company, will set aside up to ₹2,000 crore for acquiring land in the next 12 months. The group plans to triple its land bank to about 45 million square feet from the current 15 msf of net developable area in the next three years.
02.12 / 15:13
markets UPS Provident Target Digital security Why ATM solutions company CMS Info Systems is looking for a queen
Subscribe to enjoy similar stories. Mumbai: In September 2021, when Rajiv Kaul, vice-chairman and chief executive of CMS Info Systems, India’s largest cash management firm, met investors, he was desperate to explain that his business had potential. The questions he faced were primarily around how the dwindling use of cash in the years ahead would impact a business that relies on the movement of paper currency.
02.12 / 06:09
Aware CEO Remark Experts audience social song Age-reversing CEO Bryan Johnson links night-time erections to being healthy, shares Anil Kapoor’s 'Khada Hai' song
Bryan Johnson, known for his unconventional approaches to promoting health awareness, has sparked discussions on social media with his latest campaign. Johnson is on a trip to India. Ahead of his scheduled India tour, Johnson used a Bollywood song from the 1994 film Andaaz to underscore the importance of sexual health and its link to overall wellness.
01.12 / 20:25
markets UPS Citi Digital Manufacturing hospital travelers Big hotel brands see room for growth in manufacturing hubs
hotels are coming up in India's manufacturing hubs, driven by the growing needs of business travellers for quality accommodation. Hotel brands such as Marriott, Hyatt, Orchid, Regenta, Vivanta and Ginger are setting up properties in industrial belts such as Vithalapur, Talegaon, Chakan, Bhiwandi, Pithampur, Kalinganagar, Sanand and Hosur. While visiting executives used to stay in hotels in cities close to these industrial areas in the past, increasing manufacturing activities and traffic woes are making them seek accommodation close to their factories. At Vithalapur, a five-star property, the Courtyard by Marriott and Hyatt Place, is expected to become operational within the next 12 months, underscoring the demand for premium hospitality options in this fast-evolving industrial hub over a two-hour drive from the Ahmedabad city. In the automotive town of Talegaon on the outskirts of Pune, the recently opened 100-room Fern Residency has gained traction among business travellers. Pithampur in Madhya Pradesh has seen mid-market offerings like Click Hotel and Sayaji, riding on robust corporate demand from the manufacturing sector. Chakan in Pune district and Bhiwandi near Mumbai are also attracting attention, with Ginger Hotel developing 200-room properties in both locations. These developments reflect the broader trend of hospitality players expanding to locations with significant manufacturing activity.

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