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Citigroup on Monday offloaded private sector lender HDFC Bank's shares worth Rs 275 crore through an open market transaction. Citigroup, through its arm Citigroup Global Markets Mauritius, sold 15,79,953 shares of HDFC Bank, as per the block deal data available on the BSE. The shares were disposed of at an average price of Rs 1,742.6 apiece, taking the transaction value to Rs 275.32 crore.

Subscribe to enjoy similar stories. InterGlobe Aviation Ltd’s shares lost about 7% on Monday after higher costs marred the airline's September quarter (Q2FY25) results, leading to a worse-than-estimated net loss of ₹990 crore. Naturally, the poor show has triggered a cut in earnings estimates for FY25 and FY26.

Subscribe to enjoy similar stories. With every restaurant opening, there seems to be a renewed focus on aesthetics, signifying they’re catering to diners who eat with their camera first. This month, one of the pioneers of the Instagram café phenomenon unveiled its first outlet in India.

top seven cities underscoring the sustained appeal of prime locations to retailers led by rising consumption and is expected to continue the momentum until the end of this calendar year. Gross leasing of retail spaces across these cities, including Mumbai, Delhi NCR, Bengaluru, Kolkata, Chennai, Pune, and Hyderabad is projected to exceed 6.5 — 7 million sq ft by the end of 2024 after topping 5.3 million sq ft in the first three quarters ending September, showed a JLL India study. “Despite limited new retail space additions of slightly over 1 million sq. ft, the top seven cities’ robust gross leasing activity indicates retailers' strong appetite for prime retail locations. Fashion and apparel remained the top category with a 37% share, followed by food & beverage and entertainment at 18% and 12% respectively,” said Samantak Das, Chief Economist and Head of Research & REIS, India, JLL.

V Vaidyanathan, MD & CEO, IDFC First Bank, says the microfinance sector's delinquency has been going up and other than IDFC First, other banks have also been affected. The good thing is IDFC’s delinquency as compared to the rest of the industry, is much less. SMA or pre-NPA is only 2.5% as compared to 3.5% to 4% or maybe 2.7% to 4% for similar banks. Also, now 50% of the portfolio is insured and it will reach 75% by March ‘25. Vaidyanathan also says that they have taken a big write-off on an infrastructure loan candidate who used to collect tolls from cars entering and leaving Mumbai. As the government has announced that no toll will be levied, this company was in dire straits. From next quarter, the name of this account will not be there anymore. Good comes with the bad and for the quarter gone by, there is a lot of good, but there is a lot of bad also. What shall we start with? V Vaidyanathan: We should start with the bad because people will want to hear what really happened this quarter and we need to explain.

Ajmera Realty & Infra India Limited on Monday reported a 57 per cent increase in its consolidated net profit to Rs 35.35 crore in the September quarter. Its net profit stood at Rs 22.53 crore in the year-ago period. Total income rose to Rs 204.12 crore in the second quarter of the current fiscal from Rs 147.59 crore in the corresponding period a year ago, according to a regulatory filing.

Artificial Intelligence is making computers an instrument for everyone and not just for the privileged few, believes Jensen Huang, the iconic founder and chief executive of chip maker Nvidia. He allayed the fears that AI could consume jobs or replace humans and said that the technology will make everything more efficient and productive, saving key resources and elevating human capabilities. In a free-wheeling conversation with Sruthijith KK at the ET Conversations event in Mumbai on Friday, Huang, 61, who steered the company out of turbulent early years and turned it into a $3.43 trillion behemoth that it is today, said that he still wakes up fearing that Nvidia could even now go out of business. No one in technology should get too comfortable or complacent, said the top boss helming the world’s second most valued company. His message to India’s IT services industry was unequivocal: Move from the back office to the front office and lead the AI revolution. Edited excerpts: I want to start with a core technical question. How is your leather jacket holding up in the Mumbai heat? (Laughs) It’s fine. Thank you! I enjoy the heat.

Shiv Sena leader Milind Deora expressed his gratitude and welcomed the party's decision to field him as a Mahayuti candidate from the Worli constituency and said that he is committed to understanding the aspirations of every resident of Worli and will ensure their voices are heard by Chief Minister Eknath Shinde. Taking to his social media handle on X, Shiv Sena leader Milind Deora said, «I agree with Shiv Sena's decision to field me as a Mahayuti candidate from Worli, Mumbai. I will try my best to understand the aspirations of every Worlikar and convey their voice to @mieknathshindeJi.» The Worli constituency will head to a high-profile battle in the elections as Deora will be up against Shiv Sena (UBT) leader Aaditya Thackeray.

Shreya Life Sciences from the many other commercial businesses that keep the Andheri neighborhood of India’s largest metropolis humming throughout the day. But this inconspicuous pharmaceutical company is part of a lucrative trade in leading-edge technology to Russia that has the US and its European allies worried at India’s burgeoning role as an intermediary in the sales. A Bloomberg News analysis of data compiled by trade-tracking firms ImportGenius and NBD shows that Shreya exported 1,111 units of Dell Technologies Inc.’s most-advanced servers to Russia in April-August of this year.

Subscribe to enjoy similar stories. Remember the story of the man who killed the golden goose? In his greed to get more, he kills his steady source of gold. Some investors tend to make a similar mistake when they invest all their money in growth stocks, chasing only big gains.

NCP on Sunday released yet another list of 9 candidates for the Maharashtra elections, bringing its tally to 76 seats. The nominated candidates include Fahad Ahmad, husband of actress Swara Bhasker.

Jaishankar on Sunday highlighted the significant transformations in India's foreign policy over the past decade. He emphasised the government's commitment to the welfare of the Indian diaspora and the growing opportunities for Indian businesses abroad. Sharing a post on X, Jaishankar wrote, «Pleased to address business leaders, eminent intellectuals and professionals in Mumbai today. »Spoke about a decade of transformations in India's foreign policy, our commitment to diaspora welfare and growing prospects and opportunities for Indian businesses abroad," he added.

Fahad Ahmad emphasized the connection between Samajwadi Party and NCP-SCP through their shared ideology of 'Samajwadi', saying that both the parties are like families. Fahad Ahmad joined the NCP (Sharad Chandra Pawar) on Sunday and was fielded from the Anushakti Nagar seat against Sana Malik of NCP (Ajit Pawar). «The roots of Samajwadi Party and NCP-SCP are connected with 'Samajwad'...The public has been waiting for elections in Maharashtra to get rid of the current government. Samajwadi Party and NCP-SCP are like families. There is a very strong relationship between Mulayam Singh Yadav and Sharad Pawar and Supriya Sule and Akhilesh Yadav,» he said.

Diwali and Chhath Puja festivities, Indian Railways has announced the deployment of over 7,000 special trains, including clone trains, to accommodate the expected surge in passengers. Dilip Kumar, Executive Director of Information & Publicity at the Railway Board, highlighted several measures being introduced by the Railway Ministry to handle the increased demand.

Bandra station, Leader of Opposition Rahul Gandhi said the country needs international-class infrastructure that also takes into account the local needs of the poor – that makes business easier, travel easier and keeps people safe. «The recent stampede at Mumbai's Bandra Terminus station is the latest example of India's crumbling infrastructure. The Balasore train accident in June last year claimed the lives of 300 people, but instead of compensating the victims, the BJP government has entangled them in a long legal battle,» said Rahul Gandhi in a post on X. Read More:Nine persons injured in stampede at Bandra railway station in Mumbai

Subscribe to enjoy similar stories. BENGALURU , MUMBAI : The highly anticipated biography of Ratan Tata, which hit bookstores on Friday, less than three weeks after his death, was reportedly published without the late industrialist’s stamp of approval. Tata distanced himself from ‘Ratan Tata—A Life’ and ended the agreement late last year because he felt “discomfited" by the overly flattering references about him in the manuscript he had received, according to an executive familiar with the situation.

Maharashtra assembly polls, External Affairs Minister S Jaishankar on Sunday said the state needs a government which is on the same page as the Centre. Addressing a press conference in Mumbai, Jaishankar also said India is a leader in fighting terrorism and has zero tolerance for it. «Maharashtra is a leading state in industry technology and infrastructure. Viksit Maharashtra is important for achieving the goal of Viksit Bharat,» the BJP MP said. «Maharashtra needs a government which is on the same page as the Centre,» he said.

Subscribe to enjoy similar stories. The popular American beauty brand Milk Makeup has entered India, launching exclusively at multi-retailer Sephora. Conceived in Milk Studios, a photography and film studio in the city of New York in 2016, the brand has a a cult following, especially because of its fun packaging and user-friendly formulae.

ICICI Bank, the country's second largest non-state lender, on Saturday posted a better-than-expected 14.5% increase in second-quarter net profit, boosted by higher core income. The Mumbai-based bank reported a net profit of ₹11,746 crore for the quarter ended September 30, compared with ₹10,261 crore a year earlier and the average estimate of ₹10,952 crore by analysts tracked by Bloomberg.

stampede at Bandra railway station in Mumbai on Sunday, reported PTI, citing official. The incident took place at 5.56 am on platform number one at the Bandra Terminus. There was rush for boarding train 22921 Bandra-Gorakhpur Express, the official from the Brihanmumbai Municipal Corporation said.

office space market in India is set to break records in 2024, with absorption projected to exceed 70 mn sq. ft., according to Savills India, a global real estate advisory firm. The demand reached 55.1 mn sq. ft. between January and September 2024, marking a 30% year-on-year (YoY) increase across six major cities. The Year-To-Date (YTD) leasing activity has set a new benchmark for the January-September period, aligning with 2022’s full-year performance. With only 7 mn sq. ft. remaining to surpass 2023’s total, 2024 is expected to achieve absorption levels in the range of 70-74 mnsq. ft.