City Mumbai Financial News

19.11 / 15:57
markets UPS Platform Strategy economy Experts Ecommerce firms should respect law of land: Piyush Goyal
He had questioned Amazon's announcement of a USD 1 billion investment in India, saying the US retailer was not doing any great service to the Indian economy but filling up for the losses it had suffered in the country. Addressing an event in Mumbai, Goyal said e-commerce companies should stick to the rule of the law.
19.11 / 13:33
markets Provident Digital Platform security Experts innovations LTIMindtree extends deal with Europe's Nexi Group by over 2 years
LTIMindtree, India’s sixth largest IT services company, has secured an extension of a key contract from European payment solutions provider Nexi Group, the Mumbai-based firm said on Tuesday. As a part of the partnership, LTIMindtree will leverage its technical expertise and solutions to optimise Italy-based Nexi's core platforms, aiming to enhance performance, innovation and scalability, LTIMindtree said in a statement. LTIMindtree will also manage Nexi's hybrid infrastructure, enabling a seamless integration of on-premise and cloud-based solutions, while supporting the company’s digital transformation efforts, the company said.
19.11 / 13:33
Align awards WhatsApp Trade country India looks for equity, balance, fair trade in FTA talks: Piyush Goyal
India looks for equity, balance and fair trade while negotiating a free trade agreement (FTA), Commerce and Industry Minister Piyush Goyal said on Tuesday. He asserted that India has entered into FTAs with countries which are transparent, open and where governments' economic systems align with India.
19.11 / 12:53
markets Citi Provident Digital Gap Strategy reports Bengaluru Rising report would help make better policies, says IT/BT Minister Kharge
IT/BT Minister Priyank Kharge on Tuesday said Bengaluru’s emergence as a clear leader was not just a testament to its potential, but a call to build policies that sustain and amplify this growth. The minister was commenting on Bengaluru Rising, a data report published by the nonprofit UnboxingBLR Foundation, released by chief minister Siddaramaiah, Dy CM DK Shivakumar and himself at the inaugural of the Bengaluru Tech Summit. State’s startup vision group chairman Prashanth Prakash also heads the nonprofit and its report promises a 360-degree view on India’s top cities.
19.11 / 10:37
markets Citi Waves Digital country reports Equality RMZ, Colt DCS form JV to invest $1.7 billion in data centres across cities
Subscribe to enjoy similar stories. RMZ Digital Infrastructure Partners (RDIP), part of real estate firm RMZ, has entered into a joint venture with Colt Data Centre Services (Colt DCS), a global hyperscale data centre operator, to jointly invest $1.7 billion to develop data centres across cities in India. The equal partnership between RMZ and UK-headquartered Colt DCS plans to build data centres with a combined capacity of 250MW over the next 3-5 years.
19.11 / 09:35
UPS Provident Progressive Action love hospital symptoms 10 ways to support someone with OCD
Subscribe to enjoy similar stories. Obsessive-Compulsive Disorder (OCD) affects millions, yet it remains one of the most misunderstood mental health conditions. Commonly reduced to stereotypes, such as the need for order or cleanliness, OCD is much more complex.
19.11 / 00:47
markets UPS Strategy PAM beautiful New-age companies seek growth areas as urban consumption slump grips
new-age companies in sectors such as beauty, wearables, logistics, ecommerce and used-car sales, which are now seeking to ramp up growth by focusing on new areas of business. Delhivery chief executive Sahil Barua flagged the slowdown in broader consumption, telling analysts during the firm’s earnings call last week that the trend has now trickled to ecommerce. To counter tepid demand, the logistics firm is attempting to chase new growth areas such as quick-commerce, regional and air logistics. The slump has exposed pain points for multiple new-age beauty brands. Mamaearth posted a loss in its second quarter, even as its stock hit a 52-week low on Monday reacting to the weak results. The Gurugram-based brand, which is undergoing a restructuring of its offline supply chain, said it was clocking slower-than-expected growth and that it needed to recalibrate the strategy for its flagship brand to grow.
18.11 / 19:19
Assurant WhatsApp travelers Political parties run hectic campaign in last-ditch effort to woo Maharashtra voters
political campaign for the Maharashtra assembly polls came to an end on Monday evening with political parties and political leaders repeating their assurances of freebies and continuing their attack on their rivals. The Mahayuti alliance and the Maha Vikas Aghadi spent their last day repeating what they have been saying over the last fortnight. Congress leader Rahul Gandhi addressed a press conference in Mumbai where he took on PM Narendra Modi's slogan, 'Ek hai to safe hai'. Gandhi brought out all the promises announced by the MVA that included Rs 3,000 to be paid to women and Rs 4,000 to educated unemployed youths and free bus travel for women to farm loan waivers.
18.11 / 18:31
Election WhatsApp President Celebrity cover politician Third Eye: Sukhu drives home a point, tiger trails and tales & last and the least
Himachal Pradesh government completes two years in power on December 11, chief minister Sukhvinder Sukhu has decided to make a sharp political point through anniversary celebrations. His government will hold the celebrations in Bilaspur — the home district of BJP national president JP Nadda. Tiger is a famous nickname given to politicians in Jharkhand.
18.11 / 16:37
markets Digital Cooper Trade cover Chennai-Vladivostok maritime corridor becomes operational
Chennai-Vladivostok maritime corridor, which is likely to boost maritime ties between India and Russia, is operational now, and container ships carrying crude oil, metal and textile have started coming to Indian ports, Union Minister Sarbananda Sonowal said on Monday. The Chennai-Vladivostok sea route will cover a distance of about 5,600 nautical miles. «The Eastern Maritime Corridor between Vladivostok and Chennai is operational now. Container ships carrying crude oil, metal and textile have started coming to Indian ports,» Sonowal told reporters here. The Eastern Maritime Corridor is estimated to reduce the time required to transport cargo between the Indian and Russian Ports of the Far East Region by up to 16 days. The time taken will come down to 24 days compared to more than 40 that it currently takes to transport goods from India to Far East Russia via Europe.
18.11 / 13:27
markets Platform Strategy President show Features BJP's 'chota popat' jibe at Rahul Gandhi after he mocks PM Modi's 'ek hain toh safe hain' slogan
Rahul Gandhi's swipe at Prime Minister Narendra Modi's 'Ek hai toh safe hai' slogan, the BJP hit back at the Congress leader on Monday, calling him "chota popat" which it claimed was coined by Shiv Sena founder Bal Thackeray to mock him. The party also slammed Congress president Mallikarjun Kharge over his «poisonous snakes should be killed» barb, saying it shows the party's Emergency mindset which likens rivals to snakes and incites violence against them. Earlier in the day, claiming a link between the BJP's slogan and the Dharavi redevelopment project being given to the Adani Group, Gandhi pulled out two posters from a safe he had brought to his press conference in Mumbai — one featuring a picture of industrialist Gautam Adani and PM Modi along with the caption «Ek hai toh Safe hai» and another showing a map of the project. «It was a very low-level press conference. Bringing a safe and creating drama around it, holding of this kind of press conference by the so-called top leader of the so-called national party does not suit Rahul Gandhi and the Congress,» BJP MP and national spokesperson Sambit Patra said reacting to Gandhi's jibe.
18.11 / 11:21
markets security Analysis Research trends Trade Commentary Sensex falls! But these stocks rallied over 15% on BSE in today's trade
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, Siddha Ventures Ltd.(20.00%), Shri Gang Industries(19.99%), Jindal Poly Investm(19.99%), James Warren Tea(19.99%), Multibase India(19.99%), Tokyo Finance(19.98%), Laffans Petro(19.98%), Sumedha Fiscal(19.88%), Purple Entertainment(19.20%) and Garware Tech(18.71%).
18.11 / 10:29
markets Digital Google Election Experts Headlines BJP launches 'Say No to Congress' ad campaign ahead of Maharashtra assembly elections
Maharashtra Assembly elections, the BJP on Monday launched a new ad campaign attacking the opposition Maha Vikas Aghadi (MVA) and urging people to "Say No to Congress." The campaign highlighted various incidents from the past, including the 26/11 Mumbai terror attacks, with headlines such as «26/11 Mumbai Terror Attack», «2003 Mumbai serial blasts», «Chronology of the 7/11 train bombing case», and «Death toll in Pune blast rises to 17.» It also referred to tragedies like the Gowari massacre and the Palghar Sadhu lynching, questioning the government's response. The campaign also focused on issues such as corruption, with the BJP mentioning the alleged black-marketing of Remdesivir by a Congress official, and allegations of financial mismanagement in the BMC.
18.11 / 07:45
Mobile film Bill Actor classical stars Interviews This now popular actor once had to sell his prized mobile phone when he ran out of funds during a Goa trip
Vikrant Massey had to sell his mobile phone in order to afford a trip to Goa. In a recent interview, the ‘12th Fail’ star reminisced about how he experienced a shortage in funds when he was a struggling artiste and had to eventually part ways with his mobile phone. “I had just started earning, and I took Rs 5000 with me. I went with my friends in a Volvo bus. It was the last night of the trip, and we used to split all expenses back then. Like, if we bought a cold drink for Rs 20, we’d split it Rs 10 each. At the time of checkout, we had all exhausted our money. We needed to pay the hotel bill. I had a mobile phone, so I sold it to settle the bill and buy return tickets to Mumbai for all my friends,” he said. In a conversation with journalist Faye D’Souza, Vikrant Massey reflected on witnessing his parents’ financial struggles during his childhood. He shared that his family, once part of a wealthy household, faced a dramatic turn of events when a family dispute resulted in their eviction. This left them with no choice but to live in a warehouse.
18.11 / 07:23
markets Fighting Strategy Election wellness Many CM faces in MVA, will decide after polls: Congress leader Naseem Khan
Arif Naseem Khan has said there are many chief ministerial faces in the Maha Vikas Aghadi and the alliance will taken a decision on it after the election results are announced. In an interview to PTI, the former four-term MLA Khan also claimed the Mahayuti government's flagship Ladki Bahin scheme for women will not be a game changer as people in the state know the «real face» of the BJP and Chief Minister Eknath Shinde. He asserted the opposition Maha Vikas Aghadi (MVA) was united and set to defeat the BJP-led Mahayuti government, which he claimed has turned immensely unpopular. The state assembly polls are scheduled on November 20 and votes will be counted on November 23.
18.11 / 03:17
markets Citi Career Platform Fighting track information Plan to make a big career move? Think small
Subscribe to enjoy similar stories. Sapna Prasad is in a dilemma. The 38-year-old wants to take a sabbatical for a year to take care of her ailing mother but believes it might affect her future job prospects.
18.11 / 01:15
markets Digital Booking Strategy Experts track This real estate stock gave 42.5% returns in the past year; know why analysts are bullish on this stock
The company is the largest residential real estate developer by booking value in 2023-24 and its portfolio includes residential development, plotted development, and mixed-use and township developments. The management is confident of high growth because of the strong brand, pan-India presence, demonstrated track record and robust marketing. It is seeing strong demand momentum across markets (NCR, Bengaluru and MMR) leading to a jump of 68% and 126% year-on-year in the collections and operating cash flows in the September quarter.
17.11 / 20:15
COST UPS Provident Digital Fallout guidelines International The collateral damage in the crackdown on loan frenzy, KYC
Subscribe to enjoy similar stories. Mumbai: The Reserve Bank of India’s (RBI) push for stricter compliance with know-your-customer (KYC) norms, and its crackdown against the ‘exuberance’ in personal loans have had an unlikely fallout: a dip in demand for off-roll workers. These are employees who work for banks and non-bank lenders but are on the payrolls of large staffing companies that supply such workers.
17.11 / 18:35
markets Digital Strategy President Experts PAM country Modi building wall between Gujarati and others: Uddhav
Uddhav Thackeray claimed that Prime Minister Narendra Modi and Home Minister Amit Shah are erecting a barrier between Gujarat and the rest of the country by prioritising Gujarat above other states. «I keep saying, I don't have any issues with Gujaratis or Gujaratis. Those Gujarati brothers and sisters who are watching this, you have been living for several years in Mumbai and Maharashtra. We have never fought. However, between you (Gujarati) and the rest of the country Modi and Shah are building a wall that you need to be careful about,» said Thackeray. The UBT Sena President was addressing a rally at the Bandra Kurla complex on Sunday. He added, «Modi and Shah may go but this wall that is being built would be worse than the German wall. It would take years to break this wall and till then there would be a lot of mayhem. Why are you doing this sin? If you take all our industries and business from here to Gujarat then what do the people in this state supposed to do,» questioned Uddhav Thackeray.
17.11 / 14:11
Citi Target Digital Platform Parke wellness stage Macrotech to scale digital infrastructure biz on its own, gives investors exit
Subscribe to enjoy similar stories. Macrotech Developers Ltd, which operates under the Lodha brand name, plans to build and scale its digital infrastructure business on its own, after recently buying out existing investors' stakes, said a top company executive. In the last two months, the Mumbai-based developer purchased the entire stake held by private equity firm Bain Capital in three of the company's digital infrastructure subsidiaries -- Bellissimo Digital Infrastructure Development Management Pvt.
17.11 / 09:27
Citi Waters band performer concert rock International Why Coldplay did not have a concert in Bengaluru?
Coldplay fans may just have some cold water thrown on their dreams to see the rock band perform live… due to a crisis of venues. A senior government official revealed that British rock band Coldplay initially chose Bengaluru as their preferred venue but shifted to Mumbai and Ahmedabad due to the city's lack of open arenas. «Major acts typically perform in large stadiums,» the official explained, highlighting how this limitation has also impacted other artists, such as A.R. Rahman, who canceled two Bengaluru shows for similar reasons. The official attributed the issue to the «short-sightedness of certain authorities, » to the Deccan Herald.

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