City Mumbai Financial News

23.09 / 00:48
markets Digital Booking Platform band social concert Coldplay fans unload online as BookMyShow sale crashes
The website of online ticketing platform BookMyShow crashed Sunday, seconds after the sale of tickets for the highly anticipated Coldplay concert went live, leaving fans stuck in digital queues and disappointed. The concert, scheduled for January 18 and 19 at the DY Patil Sports Stadium in Navi Mumbai, marks the British band's return to India after an eight-year break.
22.09 / 18:23
markets Parke band performer country concert rights Missed Coldplay Mumbai concert? Here's where you can watch them live
Coldplay returning to perform in India after almost 10 years has led to a mad rush to get their tickets. Demand for their tickets was so phenomenal that BookMyShow’s website and app crashed right after the booking for the concert started. Feel the odds of bagging a ticket for the Mumbai Cold Play concert are not in your favour? There’s some good news for you. India is not the only country the rock band is touring for their ‘Music Of The Spheres World Tour’. Here’s all you need to know about the other countries they will be touring!
22.09 / 17:04
markets Provident Airlines RAI exclusive International Customers Air India looks to upgrade inflight product to woo premium customers
Air India is planning for a faster upgrade of its in-flight product on its key international routes to US and Europe as the Tata group airline tries to attract premium customers who had till now opted for Middle East carriers like Emirates and Qatar Airways due to higher service standard. The airline is planning to amplify its offerings with first class, on top of a business class in its new A350 planes and is also upgrading cabins in its A320 narrow body aircraft. Simultaneously it has planned to have exclusive lounges for its customers at Delhi, Mumbai, Dubai, London, New York, San Francisco by the end of 2025. “We have been talking about the Air India transformation and took a lot of initiatives, but with our new product people are now able to feel it. We have received good reviews from our customers and they feel that it is the sign of a new Air India which will be ready in next two years,” Rajesh Dogra, Chief Customer Experience Officer at the airline said.
22.09 / 17:03
markets Platform Gap show performer social rock Coldplay Mumbai ticket resale price will surprise you. 30X jump in a few hours
Coldplay returning to India after a gap of nine years has taken the fandom by storm. While diehard fans of the rock icons are scrambling to lay their hands on the exorbitantly priced tickets, the Coldplay fandom was left devastated when several tickets resurfaced on reselling websites. Earlier, millions of fans had visited the BookMyShow website and app for three shows at the DY Patil Stadium in Mumbai for a chance at one of the 1.5 lakh seats. However, reseller websites prospered as tickets became scarce and grievances flooded social media. Since then, ticket prices have increased by 10 to 20 times on platforms like Viagogo, and many others have taken to social media to sell «extra» tickets they had already bought. This happened when millions of people were presumably waiting in line for Coldplay's announcement of a third gig in response to the ‘phenomenal’ demand.
22.09 / 13:51
markets UPS Booking Fighting Apple Cycling rights When facts change, I change my mind: Aswath Damodaran on Zomato valuation
Subscribe to enjoy similar stories. Mumbai: Known as the ‘Dean of Valuation’, Aswath Damodaran, professor of finance at the Stern School of Business at New York University, is out with a new book, The Corporate Life Cycle. Companies have a life cycle very much like humans—they are born, witness growth spurts, mature and then inevitably decline.
22.09 / 13:27
markets Provident Digital RAI country reports AAHL reports lounge access issues at multiple airports after DreamFolks suspension
Adani Airport Holdings Ltd (AAHL) said on Sunday that passengers across some airports in the country are facing disruptions in lounge access due to DreamFolks Services Ltd suspending its services. DreamFolks, the lounge access provider, acknowledged the disruption but said it is not related to any contractual issues and that they are working to resolve the problem quickly. AAHL, which runs seven airports in India—Mumbai, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram, and Mangaluru—said the problem is affecting services at four of these airports.
22.09 / 11:59
markets Man security Experts information shock Investigations How a Mumbai woman lost Rs 3.37 lakh after Tinder friendship with man who claimed to be living abroad
As the story unfolded, Advait claimed he was abroad and intended to visit Mumbai on September 16. On that day, the woman received a shocking call from someone purporting to be a Delhi customs official. The caller informed her that Advait had been detained at the airport with a large sum of Euros, as per PTI. In a moment of panic, she was told that in order to secure Advait's release, she needed to pay Rs 3.37 lakh via UPI. Following the caller's instructions, she transferred the money. However, the fraudster later demanded an additional Rs4.99 lakh for further expenses.
22.09 / 10:11
markets IPO security Analysis Trade Experts band Manba Finance IPO opens on Monday. What GMP signals ahead of subscription?
IPO) of Mumbai-based non-banking financial company (NBFC) Manba Finance is set to open for public subscription on September 23 and will close on September 25. Ahead of the issue, the grey market premium (GMP) for Manba Finance was around Rs 55-60, suggesting a 46% premium over the issue price. The price band for the IPO has been fixed at Rs 114-120 a share.
22.09 / 07:33
Citi Food wellness Healthcare country testing travelers Is moving to Dubai on the nomad work visa worth it?
Subscribe to enjoy similar stories. MUMBAI : If your current job is still in the work-from-home (WFH) mode, you may like to explore Dubai's virtual work visa, which offers anyone working remotely residency for a year. You can explore various sights and scenery—man-made beaches, Burj Khalifa, local food and people—while enjoying a long workcation in the United Arab Emirates (UAE) city.
22.09 / 07:01
markets UPS Food pandemic trends 2020 Food or Fed: What will RBI choose in October?
Subscribe to enjoy similar stories. MUMBAI : Food or Fed: That will be the question facing India’s monetary policy committee (MPC) in October.
21.09 / 19:53
markets Citi Ball Boxing Inside curling ISL: Hernandez brace guides Jamshedpur FC to 3-2 win over Mumbai City FC
Jamshedpur FC registered a sensational win over Mumbai City FC 3-2 after falling a goal behind, to secure their first home victory of the Indian Super League (ISL) 2024-25 season, at the JRD Tata Sports Complex on Saturday. Spanish midfielder Javi Hernandez powered the comeback after Jordan Murray cancelled out Nikolaos Karelis' strike as the Men of Steel at home ousted the Islanders, mounting a comeback to take a lead into the second half after being 1-0 down. Mumbai City FC started the game on a dominating note. In the fifth minute, they got their first opportunity when Yoell van Nieff snatched the ball from Javi Hernandez and glanced an attempt from distance. His shot took a curl but went inches wide. Three minutes later, Jamshedpur FC earned their first positive chance after a corner was headed down by Pratik Chaudhari onto the path of Javier Siverio who laid it down for Jordan Murray. The latter's shot however, was deflected out for a corner. The corner by Imran Khan was met by Tiri, whose clearance almost cost Mumbai City FC a goal as the ball deflected off the crossbar.
21.09 / 17:51
markets UPS Art security reports Features That painting’s a steal: How the Indian art fraternity is preserving their vintage collections
art thief. For one, art thieves in movies are portrayed as being suave and sophisticated as opposed to your sneaky and slithery garden-variety thief. These are people who, one is made to believe, enjoy the finer things in life and, yes, can engage in a conversation with a liberal sprinkling of phrases like how a painting talks to the performative sensibility of the sublime and evokes the oblique objectives of precarious assemblages. Romanticisation of criminality—and gibberish—aside, art has aesthetic, emotional and monetary value, and where there is value there is greed. Little surprise then that India’s art community was shaken up when SH Raza’s 1992 painting Nature, valued at around `2.5 crore, reportedly went missing from Astaguru’s warehouse in Mumbai. The auction house has filed a police complaint, according to a report in the Times of India on September 11. The painting was put up by its owner Indra Veer for auctioning in 2020, and was last seen in March 2022. The case has put the spotlight on the safety of high-value art, even as the market for Indian art soars. According to the 2024 Hurun India Art List, sales by the top 50 artists reached a record-breaking `301 crore, a 19%increase from 2023.
21.09 / 03:05
markets Citi Provident community Bill Diversity country Joint Parliamentary Committee on Waqf (Amendment) Bill to hold nationwide discussion across different cities
These consultations aim to refine the proposed amendments to the Waqf Act, which governs the management of over 600,000 registered waqf properties across the country. The first stop of the JPC's nationwide consultation will be held in Mumbai on September 26. The committee will meet with representatives from the Government of Maharashtra, the Ministry of Minority Affairs and the Maharashtra Waqf Board.
20.09 / 19:03
markets Citi CEO trends RAI symptomatic Housing sales may decline 18% in September Quarter
Housing sales are estimated to decline 18% during July-September quarter across nine major cities to 1,04,393 units on high base, according to PropEquity data. Real estate data analytic firm PropEquity on Friday released the data for housing sales across nine major cities. Sales stood at 1,26,848 units in the same period last year. As per the data, the housing sales are estimated to rise only in Delhi NCR (22%) and Navi Mumbai (4%) during July-September period of this year.
20.09 / 17:27
markets Man CEO Platform Enterprise performer rights Rare Enterprises CEO Utpal Sheth buys sea-view Mumbai luxury apartment for Rs 123 cr
Rakesh Jhunjhunwala’s Rare Enterprises senior partner and chief executive Utpal Sheth purchased a sea-view luxury apartment in a super-premium residential tower in Mumbai’s plush Worli locality for more than Rs 123 crore. Sheth was considered the late billionaire investor Jhunjhunwala's right hand man for almost two decades and is also a cofounder of multi-line and multi-asset financial services platform Trust Group. The apartment, spread over 15,795 sq ft of usable area in Oberoi Three Sixty West on Dr Annie Besant Road, is on the 54th floor of one of the wings of the tower. Sheth purchased the apartment jointly with two more family members.
20.09 / 16:53
markets Citi community Bill country reports travelers Three Muslim organisations support Waqf Bill at Parliament panel meet
NDA and opposition members, three Muslim organisations, including an RSS-linked outfit, on Friday supported the proposed amendments to the Waqf law before a parliamentary panel, sources said. When the three Muslim organisations — All India Sufi Sajjadanashin Council, RSS-linked Muslim Rashtriya Manch and NGO Bharat First — made their presentations separately before the Joint Committee on Waqf (Amendment) Bill, some opposition members sought to find flaws in their claims. Shiv Sena member in the Committee Naresh Mhaske is learnt to have told opposition members that they should be open to listening to the point of view of the other side, a suggestion that led to a brief exchange of words between the NDA and opposition. Some opposition members also wondered whether the Sufi Shah Malang sect comprising fakirs, who appeared before the Committee, formed part of the Muslim community.
20.09 / 12:35
markets UPS Citi trends track symptomatic Property launches and sale fell YoY during July-September
real estate data analytics firm PropEquity. The NSE-listed firm said that new launches in the quarter fell to 93,693 units from 1,05,655 units in the same period last year while sales fell to 1,04,393 units from 1,26,848 units in the same period last year. PropEquity tracks housing supply and absorption data in NCR, Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Chennai and Kolkata.
20.09 / 08:11
markets CEO Platform Apple social information rowing Don't wait in line, get your iPhone 16 delivered in minutes
quick-commerce platforms like Blinkit and BB Now it will be delivered to your doorstep within minutes. Albinder Dhindsa, the co-founder and CEO of Blinkit, informed in a social media post on Friday that the company will deliver the iPhone 16 in Delhi, NCR, Mumbai, Pune, and Bengaluru on the very launch day of the iPhone. «Get the all-new iPhone 16 delivered in 10 minutes! We've partnered with @UnicornAPR for the third year in a row, bringing the latest iPhone to Blinkit customers in Delhi NCR, Mumbai, Pune, Bengaluru (for now) — on launch day! P.S — Unicorn is also providing discounts with select credit cards and EMI options are available too,» said Dhindsa.
20.09 / 07:29
markets Waves MET Remark Reddit social Indian IT company asks for 'personal life should be sorted' in job advertisement
job posting is going viral due to one unusual requirement that has sparked discussions on social media. The company, based in Navi Mumbai, is looking for a Talent Acquisition Executive in its BPO division. While most of the listed qualifications appear standard for the industry, one particular line has caught the internet’s attention: «Personal life should be sorted with no baggage.» This last requirement, shared on Naukri.com, quickly made its way to a popular Reddit forum, where it was met with a wave of backlash and criticism. Many users found the implication of needing a «sorted» personal life invasive and reflective of the growing culture of work dominating personal time.
20.09 / 07:15
markets COST Citi Metro cover International Mumbai Metro 3 Phase 1 to be opened next month: Here are the route, start date, stations and other details
Mumbai Metro Rail Corporation Ltd (MMRCL) is set to inaugurate the city's first underground metro line Phase I of the Metro 3 corridor, covering the Aarey-Bandra Kurla Complex (BKC) stretch, in the first week of October. The project, which has cost approximately RS 38,000 crore, aims to facilitate easier long-distance travel for commuters. Prime Minister Narendra Modi will officially open the 12km stretch, which includes 10 stations.

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