City Mumbai Financial News

Subscribe to enjoy similar stories. Mumbai: The Nifty snapped a three-day losing streak on Friday, but posted the longest weekly losing streak of this year on relentless selling by foreign institutional investors (FIIs), who have flocked to China beginning late last month chasing a stimulus-led recovery in the world's second -biggest economy. Analysts expect the intense battle between bulls and bears to continue amid tepid earnings and muted sentiment among direct retail investors.

web series on the life and times of one of the most notorious gangsters is underway. Noida-based producer Amit Jani has revealed plans for a new web series centered around the life of gangster Lawrence Bishnoi. In an interview with India Today, sources confirmed that the project will be titled 'Lawrence — A Gangster Story'. The series has received the green light from the Indian Motion Pictures Association and will be produced under Jani's home banner, Firefox Film Production. According to the source, Amit Jani plans to share more details, including the cast, after Diwali. A poster for the series is also expected to be released following the festival. Fire Fox Productions is currently involved in other projects, including 'A Tailor Murder Story', which is based on the murder of tailor Kanhaiya Lal Sahu in Udaipur, Rajasthan, and 'Karachi to Noida', a story inspired by the lives of Pakistani national Seema Haider and Indian resident Sachin. Lawrence Bishnoi, who is currently held at Sabarmati Central Jail in Punjab, gained notoriety for issuing death threats to Salman Khan in connection with the Blackbuck case. The gangster also claimed responsibility for the killing of politician Baba Siddique, a close friend of Khan, in Mumbai on Saturday, October 12.

Subscribe to enjoy similar stories. MUMBAI : Domestic institutional investors (DIIs) are major players in India's stock market. These entities, such as mutual funds, insurance companies, pension funds, and banks, manage funds on behalf of individual investors and institutions.

Supriya Chatterjee to Managing Director, North India. In her new mandate, Supriya will lead the firm’s Delhi-NCR office, driving growth and enhancing client relationships throughout the northern region, including Jaipur. She will focus on capitalizing on emerging market opportunities in one of India’s largest and most dynamic real estate markets. She has been leading Cushman & Wakefield’s office brokerage business for North India.

Nothing illustrates that challenge better than the 47 trillion rupee ($559 billion) corporate bond market. It’s one of the world’s smallest as a percentage of gross domestic product, at just 16%, even after record growth. Bankers in Mumbai say doubling that ratio would better help finance ambitious goals, like becoming a $5 trillion economy in the next three years. One of the major impediments is a longstanding rule from authorities that makes it hard for long-term investors like insurers and pension funds to go big on infrastructure. The regulation bars them from investing in notes rated below AA, which in India are deemed risky because they’re hard to offload in a smaller market during times of stress.

Subscribe to enjoy similar stories. When fashion writer Meher Castelino first met designer Rohit Bal in 1989, one of the questions she asked was, “Are you an Indian?" They were meeting on a day that marked many firsts: A young multi-designer store Ensemble was hosting its first fashion show in Mumbai, and Bal, then in his 20s, was presenting a debut collection, featuring light-coloured, ready-to-wear men’s kurtas.

coastal belt, stretching from Mumbai to the southernmost district of Sindhudurg, was once a Congress citadel, but the party lost ground to the undivided Shiv Sena over the years. The coastal Konkan belt's economy was known to be dependent on money orders sent from Mumbai, where most of its residents migrated for work and business after Maharashtra achieved statehood in 1960. But the situation is no longer the same. The region accounts for 75 of the total 288 state assembly seats, including 36 in Mumbai, and is expected to play a key role in deciding which coalition — ruling Mahayuti or opposition Maha Vikas Aghadi (MVA) — governs Maharashtra after the November 20 polls. Former CM and BJP Lok Sabha MP from Ratnagiri-Sindhudurg Narayan Rane, who hails from the picturesque region, told PTI that Konkan has now become self-sufficient, thriving on exports of fish, mangoes and cashews.

LTIMindtree, sixth largest Indian IT services company reported a 7.7% year-on-year (YoY) rise in net profit at Rs 1251.6 crore. The profit compares with Rs 1,162 crore in September last year. Sequentially, profit grew 10.3% from Rs 1,135 crore. The Mumbai-headquartered IT services company reported a 5.9% growth in consolidated revenues at Rs 9,432.9 crore in Q2FY25 as compared with Rs 8905.4 crore in Q2FY24 and 3.2% rise from Rs 9142.6 crore in Q1FY25.

Subscribe to enjoy similar stories. Private equity investors including Quadria Capital and TPG Capital have expressed initial interest to invest about $100 million for a 20-25% stake in critical care drugs provider Samarth Life Sciences, three people familiar with the matter said. “The transaction is expected to be purely secondary with the promoter group selling some of its stake," one of the people cited above said on the condition of anonymity.

Ratan Tata named lawyer Darius Khambata and close friend and associate Mehli Mistry as executors of his will, along with half-sisters Shireen and Deanna Jejeebhoy, according to executives with knowledge of the matter. Tata died on October 9 at the age of 86, with half-brother Noel Tata succeeding him as Tata Trusts chairman. Ratan Tata held a 0.83% stake in Tata Sons and had a net worth of Rs 7,900 crore, according to the Hurun India Rich List 2024. He was always keen that a significant portion of his wealth go to charity and the welfare of society.

In the comedy drama series Shrinking, the Therapist played by Jason Segel begins to break rules related to traditional therapy by being far more honest and transparent with his patients. TV Insider reported that Shrinking has garnered positive reviews for its blend of humor and emotional depth. Also Read: Who will win US Elections? Harris and Trump are tied at 48% each in this new poll

Joe Biden on Friday commended Israel for 'eliminating' Hamas' Gaza leader Yahya Sinwar, often termed as the mastermind of the October 7, 2023 attaks on Israel. Taking to his official account on X, Biden said that right after Israel suffered what he called the 'deadliest attack on Jews since the Holocaust', he ordered American intelligence officials to work 'side by side' with Israeli officials. «Shortly after the October 7 massacres, I directed Special Operations personnel and our intelligence professionals to work side-by side with their Israeli counterparts to help locate and track Sinwar and other Hamas leaders hiding in Gaza», read Biden's statement.

Wallace and Gromit return in a new adventure, Wallace & Gromit: Vengeance Most Fowl. The stop-motion duo will face their old enemy, Feathers McGraw, in a thrilling story of mischief and revenge. Wallace and his loyal dog Gromit are set for a new adventure in Vengeance Most Fowl. Directors Nick Park and Merlin Crossingham have taken the helm for this stop-motion film.

Royal Air Force on Thursday scrambled a Typhoon fighter jet to intercept an Air India aircraft that received a bomb threat and the plane later landed safely in London. The bomb threat was received for the Air India plane from Mumbai to London, an airline official said. «We can confirm that RAF Quick Reaction Alert Typhoon fighter aircraft from RAF Coningsby were launched this afternoon, to investigate a civilian aircraft,» a Royal Air Force spokesperson said. Following an uneventful interception the aircraft was released to continue to its original destination under the direction of civilian air traffic control, the spokesperson said.

Baba Siddique's son Zeeshan on Thursday took to his X account, demanding justice for the murder of the NCP politician, in what was his first statement since his father's demise. Calling Siddique a man who died 'protecting and saving' the lives and homes of poor people, Zeeshan said that his death must not be politicised. «My father lost his life protecting and saving the lives and homes of poor innocent people. Today, my family is broken but his death must not be politicised and definitely not go in vain. I NEED JUSTICE, MY FAMILY NEEDS JUSTICE!», read Zeeshan's message on X.

Retail sales rose 0.4% last month after an unrevised 0.1% gain in August, the Commerce Department's Census Bureau said on Thursday. Economists polled by Reuters had forecast retail sales, which are mostly goods and are not adjusted for inflation, would rise 0.3%. Estimates ranged from no change to an increase of 0.8%.

Manipur. The National Investigation Agency (NIA) has initiated its investigation into the drone bombing case in the Koutruk area. A senior police officer who does not want to be named told ET, “The incident occurred around 11.10 pm on Wednesday when unidentified people launched gunfire and bombs at the village. Security forces deployed there responded. Security forces spotted movement with torches, it fired in the air, armed miscreants retaliated by firing towards the security forces. The exchange of gunfire continued until around 2 am on Thursday.”

Bangalore International Airport Limited (BIAL) to introduce electric vertical take-off and landing (eVTOL) aircraft for urban mobility. The electric flying taxis are expected to cut down travel time and reduce vehicular pollution in Bengaluru, a city often plagued by long traffic delays, especially during the rainy season.

Karti Chidambaram and others in connection with alleged bribery in facilitating visas of Chinese nationals for a power company in 2011 when his father P Chidambaram was the Union home minister, officials said on Thursday. In its charge sheet submitted before a special court here, the CBI has named Karti Chidambaram, the Lok Sabha MP from Sivaganga, his alleged close associate S Bhaskararaman, company Talawandi Sabo Power Ltd (TSPL), a subsidiary of Vedanta and Mumbai-based Bell Tools, through which bribes were allegedly routed, they said. The agency has invoked charges of criminal conspiracy, cheating, and forgery under the Indian Penal Code and provisions of the Prevention of Corruption Act, they said. Other charge-sheeted accused include Viral Mehta, Anup Agarwal, Mansoor Siddiqui and Chetan Shrivastava, they said.

Subscribe to enjoy similar stories. MUMBAI : Bajaj Auto Ltd’s shares fell 11% on Thursday after its management painted a sombre picture of domestic two-wheeler demand for the ongoing festive season while announcing the September quarter results (Q2FY25).

Subscribe to enjoy similar stories. Mumbai: Shapoorji Pallonji Group company Afcons Infrastructure is looking to raise ₹5,400 crore through its initial public offering (IPO) after selling shares worth about ₹3,000 crore in a pre-IPO round, two people aware of the development told Mint. Afcons had previously planned to raise ₹7,000 crore through the IPO.