City Mumbai Financial News

Info Edge has filed a first information report (FIR) at Mumbai’s Bandra Police Station against Rahul Yadav and others in connection with a fraud involving funds from 4B Networks. In 2015, Yadav who cofounded real estate portal Housing.com was fired by the company’s board. «We would like to inform you that pursuant to a complaint filed by AIPL, an FIR has been registered by the Bandra Police Station (Mumbai Police) on November 29, 2024 against Rahul Yadav, Devesh Singh, Pratik Choudhary, Sanjay Saini (and unnamed others) in connection with 4B Networks, alleging inter alia commitment of certain fraudulent acts involving 4B Networks' funds,» the document read. In 2021-22, Info Edge invested Rs 295 crore in Housing.com founder Rahul Yadav’s new real estate startup, 4B Networks.

Blueprint, Bryan Johnson, renowned for his anti-ageing pursuits, has sparked chatter on social media with his visit to India. Taking to X, Johnson shared plans to visit Mumbai and Bengaluru in December to promote his book and the ‘Don’t Die’ programme, which advocates living longer, healthier, and happier lives. In addition, Johnson is set to meet Zomato CEO Deepinder Goyal today, further adding to the buzz surrounding his visit.

Radhika Merchant Ambani, the youngest daughter-in-law of the Ambani family, is often celebrated for her flawless fashion choices. Recently, she attended the Dua Lipa concert in Mumbai with her husband, Anant Ambani, and once again stole the spotlight with her unique style. Known for their extravagant, diamond-and-gold-adorned couture looks, the couple surprised everyone by embracing a «less is more» approach, stepping out in effortlessly chic, casual outfits instead.

Subscribe to enjoy similar stories. Mumbai-based Harsh Vardhan has never visited Goa, despite being a beach enthusiast. The 31-year-old is in no hurry to visit it anytime soon, as he has found his perfect escape in Da Nang, Vietnam.

cyber fraud when scammers posing as Delhi Police officers threatened her with "digital arrest" and coerced her into stripping during a video call under the guise of «body verification.» According to woman, who works at a pharma company, the incident occurred between November 19 and 20. The Dahisar police initially registered an FIR but later transferred the case to Andheri Police, as the offence occurred in their jurisdiction. The fraudsters also defrauded her of Rs 1.7 lakh online, and no arrests have been made yet. In a similar case last month, a 51-year-old music therapist from Navi Mumbai's Nerul was duped of Rs 32 lakh by cybercriminals impersonating ED officials. Claiming her Aadhaar and SIM card were linked to illegal bank accounts used for money laundering, the gang tricked her into downloading Skype and subjected her to round-the-clock surveillance via video calls. Over 10 days, the scammers convinced her to transfer her savings and investments before she realized the fraud and filed a complaint with the Nerul police.

Radhika Merchant and Anand Piramal were among the high-profile attendees at Dua Lipa’s concert in Mumbai on Saturday evening. The daughter-in-law and son-in-law of billionaire power couple Mukesh and Nita Ambani were seen arriving at the venue. Radhika, married to Mukesh and Nita Ambani’s younger son Anant Ambani, and Anand, married to their daughter Isha Ambani, were spotted entering the venue in different cars, along with a fleet of security vehicles. The video was shared by the Instagram handle of ETimes The concert, headlined by Grammy-winning singer Dua Lipa, marks the second edition of the Zomato Feeding India Concert. Held at the Bandra Kurla Complex (BKC) in Mumbai, the event also featured performances by artists like Jonita Gandhi, Talwiinder, and others.

Pushpa: The Rule, is slated for a grand theatrical release on December 5. Advance ticket bookings have already begun in cities such as Mumbai, Delhi, Bengaluru, and Chandigarh. However, they are yet to open in key markets like Hyderabad, Chennai, and Kochi. Ticket prices in Delhi reach an impressive Rs 1,800, while in Mumbai and Bengaluru, the highest prices are Rs 1,600 and Rs 1,000, respectively. As reported by the Deccan Herald, the filmmakers have secured permission from the Telangana and Andhra Pradesh governments to increase ticket prices for this action-packed spectacle. According to a leading distributor, ticket rates in the two Telugu states will be Rs 600 per person, marking the highest price ever for a Telugu film. This government-sanctioned hike is valid for four days, from Thursday, December 5, to Sunday, December 9), aiming to generate massive opening collections. Raising ticket prices for major releases has become a common trend. Movies such as Kalki 2898 AD, Salaar, and Devara received similar approvals, with rates ranging from Rs 395 to Rs 495. However, the extraordinary buzz surrounding Pushpa 2: The Rule has justified an even steeper price increase. The film is set to debut in over 800 theaters across Andhra Pradesh and Telangana, with multiple daily screenings planned to meet the surging demand.

During an interview on the Something Bigger Show YouTube channel, Madhu emotionally described Siddharth as “collateral damage” to Priyanka’s success. She explained, “Siddharth was the collateral damage to all of Priyanka’s success because dad was working, I was with Priyanka, and he just grew up on his own. He was a teenager at that time, and I think, for me, he was collateral damage.” Reflecting on the struggles her son faces, she added, “I see him struggling every day, and I feel that God has blessed us, so I count my blessings one by one. It surprises me what the Lord has done.” Madhu acknowledged the challenges of balancing her responsibilities as a mother while supporting Priyanka’s career. Despite the struggles, she expressed gratitude for her children, saying, “I have two great kids who love me and care for me.”

Knight Frank India. As many as 9,736 units were registered during November 2023. In a statement on Saturday, real estate consultant Knight Frank India said that Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), recorded 10,216 property registrations in November 2024. The data is as of 8 pm on Saturday. The number might increase slightly.

«The pneumatic gate system installed at Pise, which supplies water to BMC has malfunctioned today (30th November 2024). The repair work of this gate will be done between 1st December to 2nd December 2024. Due to this work, 10% water cut will be imposed in the Mumbai City and Suburbs during 1st December to 5th December 2024,» said the civic body in a statement.

strategic action plan to strengthen ties between India and Italy, unveiled by Prime Minister Narendra Modi and his Italian counterpart Giorgia Meloni will lead to improved ties between the two nations, a senior Italian minister said on Saturday. Adolfo Urso, Minister of Business and Made in Italy, was speaking in Mumbai at the Villaggio Italia exposition, being held to coincide with the port of call of Amerigo Vespucci, a 93-year-old Italian Navy ship used for training and supporting national diplomacy. The plan, announced at the G20 summit, focuses on 10 key areas including defense, trade, clean energy, and connectivity, aiming to deepen collaboration and boost economic ties.

Mumbai Police on Saturday invoked the Maharashtra Control of Organised Crime Act (MCOCA) in the murder of Bab Siddique murder case. Baba Siddique was an NCP leader who was shot dead by three assailants near his son, MLA Zeeshan Siddique's, office in Mumbai's Nirmal Nagar on October 12. So far, the police have arrested 26 accused, while 3 more people are wanted by the authorities.

In a statement, Jairam Ramesh accused the Modi government of ignoring the «grim reality» of stagnant wages. He also accused Prime Minister Narendra Modi of «generating hype» while people continue to live in hope.

European House Ambrosetti group's senior partner Lorenzo Tavazzi has said Italian companies have invested USD 6.5 billion in India, which speaks of the importance accorded to the world's fastest growing major economy, and stressed that there are a lot of opportunities for growth. Tavazzi, who heads TEHA's Scenarios and Intelligence Areas, was speaking in Mumbai on Friday after the inauguration of the Villaggio Italia exposition, being held to coincide with the port of call of Amerigo Vespucci, an Italian Navy ship used for training and supporting national diplomacy. Speaking at a panel discussion curated by top Italian news agency ANSA in connection with the ship's arrival in Mumbai, Tavazzi said Italy can help India's aspirations on the energy transition and transport fronts with its expertise in sustainable technologies and also high-speed rail. Alessandro Giuliani of SDA Bocconi Asia Center, a Mumbai-based management education institute, said that given the commonality on the food front, wherein the culinary habits of both the countries focus on usage of spices, Indian students should feel at home if they go to study in Italy.

₹11.1 crore. The victim, a former ship captain, fell prey to a well-orchestrated scam that began through a WhatsApp group, reported ET.As per the publication, the elderly man was added to the group on August 19, under the guise of a reputed financial services company.

Orkla ASA is considering an initial public offering of its Indian business next year that could raise as much as $400 million, according to people familiar with the matter. Orkla may file for an IPO in Mumbai as soon as next quarter, the people said, asking not to be identified as the information isn’t public. The Oslo-based company is working with advisers on the potential share sale, the people said. It could seek a valuation of over $2 billion for the unit, one of the people said.

Shahid Afridi has extended his support to the Pakistan Cricket Board (PCB) for not accepting the hybrid model for next year's Champions Trophy, scheduled to be played in Pakistan. The veteran all-rounder has blamed the Board of Control for Cricket in India (BCCI) for 'intertwining politics with sports' and called for ICC to 'uphold fairness and assert their authority'. The ICC Board meeting is set to take place on Friday to decide the schedule of the marquee tournament. The BCCI has told ICC that the Indian team will not travel to Pakistan for the tournament due to the Indian government's disallowance. However, the PCB is reluctant to host the entire tournament in Pakistan, leaving the future of the Champions Trophy uncertain. Afridi added that Pakistan have travelled to India five times since the Mumbai terror attacks that deteriorated the relations of the neighbouring countries.

Subscribe to enjoy similar stories. Mumbai: At the 42nd Annual General Meeting (AGM) of Zee Entertainment Enterprises Ltd (ZEEL), CEO Punit Goenka addressed shareholders’ concerns, outlining strategies for growth and updates on ongoing legal challenges. He reaffirmed the company’s commitment to navigating the evolving media landscape while creating long-term value for stakeholders.

“Work on the bullet train corridor in Maharashtra picked up pace after the National Democratic Alliance (NDA) government took charge. Entire land acquisition is complete and over 320-kilometres of the physical infrastructure work is ready,” the official said. Commenting on future bullet train corridors, he said experience from developing the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor will come handy. “India is now capable to single-handedly take up this project in more corridors. We should have our own trains in future corridors as well," he said.

real estate sector in India, a major contributor to economic growth, has traditionally relied on manual processes and outdated systems, making asset management inefficient. However, the adoption of advanced technologies like artificial intelligence (AI), predictive analytics, and drone technology is driving a paradigm shift. These innovations are addressing long-standing challenges, enhancing transparency, and opening up new opportunities for growth in a competitive market.

Supreme Court has flagged the concerning trend of criminalising soured consensual relationships, ruling that a woman in a long-term extramarital affair cannot accuse the man of rape based on an alleged false promise of marriage. «There is a troubling pattern of consensual relationships turning sour and being criminalised,» the court said while quashing a seven-year-old FIR filed by Vanita S. Jadhav against Mahesh Damu Khare in Mumbai, a bench of Justices B.V. Nagarathna and N. Kotiswar Singh stated. The court emphasised that complaints of breach of promise to marry must be filed promptly, not after years of a continued physical relationship.