City Mumbai Financial News

Mumbai Police in a joint operation with Punjab Police has apprehended Sujeet Sushil Singh, a resident of Mumbai, wanted in the high profile murder of Baba Siddique. «Sujeet was involved in the murder conspiracy and was informed about the plan to kill Baba Siddique three days in advance by Nitin Gautan Sapre-another accused. He also provided logistical assistance,» DGP Punjab police Gaurav Yadav said on Saturday in a post on X. Singh has been handed over to Mumbai Police for further investigation, the Punjab DGP said.

Ratan Tata, who passed away on October 9 at the age of 86, left a profound legacy not only in business but also in his personal life, particularly regarding his beloved German Shepherd, Tito. In his will, Tata made provisions for «unlimited care» for Tito, ensuring that his long-time cook, Rajan Shaw, will take care of the dog. Tata adopted Tito roughly six years ago, following the death of his previous dog. This heartfelt gesture reflects Tata's well-documented love for dogs and his commitment to animal welfare. He was an active advocate for stray dog care and devoted significant time to finding homes for abandoned petsestimated to exceed ₹10,000 crore, allocates wealth among several beneficiaries, including his brother Jimmy Tata, half-sisters Shireen and Deanna Jejeebhoy, and his dedicated household staff. His will, made public approximately two weeks after his death, also includes specific provisions for his butler, Subbiah, with whom he shared a close bond for over three decades.

Subscribe to enjoy similar stories. As a young girl, Ahtushi Deshpande could often be found by her father’s side in his makeshift darkroom at their Delhi home. She watched him intently as the hobby photographer developed his precious negatives.

artificial intelligence (AI) revolution, transforming itself into the world’s front office from its back office, said Jensen Huang, founder and chief executive of chip maker Nvidia. He also called for the regulation of AI while dismissing fears that it would replace humans, at the second ET Conversations in Mumbai on Friday that was attended by thought leaders, business chieftains and policymakers. The country has all the ingredients needed to capitalise on the opportunity that will be thrown up by AI thanks to the digital infrastructure that’s in place and software capabilities developed over the years, he said. “India has one of the largest digital ecosystems,” said Huang in his conversation with ET’s Sruthijith KK. “It is an opportunity to reinvent from being the back office of the world, to becoming the front office. From being a cost-reduction centre, to an AI-driven ecosystem.”

Chief Justice of India D Y Chandrachud on Friday said what sustained him as a judge, even at the time of scrutiny, was his sense of compassion for society. «The element of scrutiny gets into our work. Nothing misses this scrutiny.

Subscribe to enjoy similar stories. Quick-commerce platform Zepto is planning to appoint a managed office operator for its new head office in Bengaluru, said three people familiar with the development. The startup, which is in the process of moving base from Mumbai to the southern city, is in talks with flexible workspace providers such as WeWork India, IndiQube and Awfis, the people said on the condition of anonymity.

bomb threats on Friday, according to sources. An IndiGo spokesperson on Friday said 7 of its flights, including 6E 87 from Kozhikode to Dammam, got security-related alerts. The sources in the know said around 7 flights each of IndiGo, Vistara and SpiceJet got the threats while 6 flights of Air India received the threats.

BJP leader Devendra Fadnavis on Friday filed his nomination from the Nagpur South-West assembly constituency for the November 20 state elections. Addressing a rally before filing the papers, he said the Mahayuti government's work speaks for itself, and hit out at the opposition parties, saying the 'Ladki Bahin' scheme and its beneficiaries were enough to defeat them. Fadnavis, who was the chief minister of the state from 2014 to 2019 and for a short tenure of 80 hours in November 2019, has successfully contested the assembly polls for five times from Nagpur — two times from Nagpur West constituency and three times from Nagpur South-West seat.

Falguni Nayar, founder and chief executive of beauty and fashion retailer Nykaa, said quick commerce has impacted offline channels such as general and modern trade within the personal care category, and that the Mumbai-based company would not get into multiple categories of quick commerce “just for the sake of” ultra-fast delivery. “The industry is developing in a manner…where quick commerce is taking demand from traditional neighbourhood stores,” she said in a virtual interview with ET, ahead of launching the second edition of Nykaaland, the company’s beauty and lifestyle festival where it collaborates with brands for new launches. Nayar’s comment on the fast-growing quick-commerce channel comes at a time when various retail formats — including ecommerce — is impacted by the rapid rise of platforms like Blinkit, Zepto and Swiggy Instamart besides new entrants such as Flipkart Minutes, offering deliveries as fast as in 10 minutes.

Subscribe to enjoy similar stories. Mumbai: The exuberance in derivatives trading is finally showing signs of waning after several warnings and a phased crackdown by India’s markets regulator. Trading in equity index options moderated in September, just before the Securities and Exchange Board of India on 1 October finalised proposals to curb frenzied trading by individual or retail investors.

Akshay Kumar recently met Nvidia CEO, Jensen Huang. Based in Santa Clara, Nvidia Corporation is a multinational tech firm. Huang was on a visit to India. The ‘Khiladi’ shared a photo of himself posing with the billionaire and wrote on X, “Imagine meeting the world’s biggest authority on Artificial Intelligence and ending up chatting about martial arts!!! What an amazing man you are Mr #JensenHuang. Now I know why @nvidia is the absolute giant that it is (sic)," In the picture, Kumar and Huang are seen recreating a martial arts pose. The post went viral on X, gaining 13K likes. One X user quipped that the actor may be depicting Huang in a biopic. “We get it! @akshaykumar playing Jensen in the new biopic..” read the comment. Another commented, “Akshaya's next movie would be AI-generated, and it will perform better than his previous 3-4 year movies…” On Thursday, Nvidia introduced a streamlined artificial intelligence model crafted specifically for Hindi, one of India’s most spoken languages. The tech giant aims to tap into the country’s rapidly growing demand for AI solutions. Nvidia also announced that its CEO, Jensen Huang, will engage in a discussion with Mukesh Ambani, the chairman of Reliance Industries, during a conference in Mumbai.

As part of his Rs 10,000 crore will, Ratan Tata's assets include a 2,000 square-foot beach bungalow in Alibaug, a 2-storey house on Juhu Tara Road in Mumbai, fixed deposits exceeding Rs 350 crore, and a 0.83% stake in Tata Sons, the holding company of the $165-billion Tata Group, which will be transferred to the Ratan Tata Endowment Foundation (RTEF).

Subscribe to enjoy similar stories. We live in a world where ‘Google’ is a verb," says Minal Vazirani, president and co-founder, Saffronart, an online art marketplace and auction house. Today browsing for objects and products, including art, online and having them shipped anywhere in the world seems commonplace, almost instinctive.

Bengaluru dominated as the country's top city for job opportunities and salary growth as it has registered a 9.3 per cent year-on-year increase, closely followed by Chennai and Delhi, a report said on Thursday. This growth underlines Bengaluru's reputation as a technology and business hub as the average monthly unified salary in the city stood at Rs 29,500, making it the highest-paying city in the country, according to TeamLease Services Jobs and Salaries Primer report for FY24. The report is based on an analysis of unified salaries across temporary and permanent hiring markets. This was closely followed by Chennai and Delhi, which reported strong salary growth of 7.5 per cent and 7.3 per cent, respectively, reflecting the competitive nature of these job markets, it noted.

Subscribe to enjoy similar stories. New Delhi: The government plans to restrict development of inland waterway terminals (IWTs) near major ports to protect the economic interests of these ports. From now on, such development will need a no-objection certificate (NoC) from the major port authority involved.

Subscribe to enjoy similar stories. Mumbai: Early last year, Ecom Express’s investors were looking for a successor to take over the reins from T.A. Krishnan, the third-party logistics (3PL) company’s co-founder and chief executive.

Subscribe to enjoy similar stories. Mumbai: The Reserve Bank of India (RBI) has been using public speeches by its top brass to hint at upcoming regulatory action against specific institutions or even some lending practices, showed a Mint analysis. This was evident when the regulator barred four non-bank financiers, including two microfinance institutions, from fresh lending.

Subscribe to enjoy similar stories. Mumbai: Prices of steel rebars, a key component for construction, have seen a rise in recent months and can see upward movement in the coming weeks as building activity picks post monsoon, experts said, raising margin concerns for real estate and infrastructure firms. The price increases are partly due to a supply shortage amid a production slump at state-owned Rashtriya Ispat Nigam Ltd (RINL), a major manufacturer of long steel, which is used to make rebars.

Subscribe to enjoy similar stories. New Delhi: 19 March 2006. Wankhede Stadium, Mumbai.

BRICS Summit, Prime Minister Narendra Modi underscored the importance of a united front against terrorism and terror financing. “In order to counter terrorism and terror financing, we need the single-minded, firm support of all. There is no place for double standards on this serious matter,” he said. Modi called for coordinated action to prevent youth radicalization, warning that failing to act could worsen the threat. He further emphasized the need to move forward on the «long pending matter in the UN of the Comprehensive Convention on International Terrorism.» Modi’s comments come against the backdrop of ongoing tensions within BRICS member countries. China's earlier move to block the designation of Pakistan-based terrorist Sajid Mir, involved in the 26/11 Mumbai attacks, as a global terrorist by the UN Security Council, highlighted ongoing differences. Nevertheless, Modi reiterated the need for collaboration, particularly on counter-terrorism measures, without selective approaches.

Isha Ambani, are celebrating their birthday today. A video showing Isha and Akash, along with Shloka Mehta, enjoying a night ride in their Rolls Royce on the streets of Mumbai is making rounds on social media. The viral clip shows the duo and Akash’s wife, Shloka Mehta, riding in a top-down Rolls-Royce. The video was shared by an Instagram page Soch! India with a brief caption, which read, "Ambani twins Isha and Akash take luxury to the next level with a joy ride in a stunning top-down Rolls! Just a casual day of living the dream." (sic). The video showed Akash driving the Rolls Royce, with Isha sitting beside him. Akash's wife Shloka Mehta entrepreneur and philanthropist, is seen sitting at the back. All three smile for a brief moment as they look at the camera. The video opens with a text that reads, “Nothing like a joy ride in a top-down Rolls for Ambani twins. Isha and Akash living their best life on the open road.”