City Mumbai Financial News
19.09 / 19:17
markets
Citizens
security
track
travelers
International
18,400 individuals on first list for quicker immigration processing
High Net Worth Individuals (HNWI), Chief Executive Officers (CEO), businessmen and Overseas Citizens of India (OCI) are part of India's first Fast Track Immigration-Trusted Traveller Programme (FTI-TTP). As many as 18,400 individuals, frequent global travellers and OCI card holders have been registered in the programme online for availing the service, said a senior home ministry official. Besides Delhi's IGI Airport, the services in the first phase will be made operational at major airports including Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Cochin, Ahmedabad. According to officials, 60% faster immigration clearance to 1,500 passengers have been granted through e-Gates so far. The facility will be expanded to 21 airports. When asked about the personal data of those enrolled for the programme, a senior official said, «the personal data is safe and secure and details are not to be shared.» As per the programme, «Eligible individuals can apply online for the fast-track immigration facility. Those with approved applications are called to submit their biometrics (fingerprint and facial image) at the international airports in India or the Foreigners Regional Registration Offices (FRRO).»
19.09 / 13:41
Citizens
WhatsApp
Mumbai ex-police chief Sanjay Pandey joins Congress ahead of assembly polls
Mumbai police commissioner Sanjay Pandey, who was arrested in 2022 in the NSE co-location case, on Thursday joined the Congress ahead of the assembly polls in Maharashtra. He was inducted into the Congress by its Mumbai unit chief and Lok Sabha MP Varsha Gaikwad at the party office in south Mumbai. Calling himself a 'secular' minded person, the retired IPS officer who briefly served as the acting Maharashtra director general of police, maintained that no other political party except the Congress follows secular ideology.
19.09 / 12:15
markets
COST
UPS
community
pandemic
country
2020
Living in paradise: The great Goa realty rush
Subscribe to enjoy similar stories. Goa: In August 2020, at the height of the pandemic, Sapna Dickson drove down to Goa with her two cats and three friends. The work-from-anywhere era had begun, and Dickson, an advertising professional, grabbed the first chance to get out of Mumbai, a city she had lived in for two decades.
19.09 / 04:09
markets
Citi
Provident
Digital
Platform
security
RAI
Macrotech Developers buys out Ivanhoé Cambridge’s stake in 3 joint entities
Realty developer Lodha, listed as Macrotech Developers, has bought out the stake held by a company of Ivanhoé Cambridge in its three different joint entities for a consideration of Rs 239.56 crore. In line with the company’s objective of gradually growing its annuity income, the developer has executed securities purchase agreements with Ivanhoe Warehousing India Inc. for acquisition of its interest in the Digital Infrastructure Platform entities. These entities include Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1, subject to fulfilment of certain closing conditions, the developer said in a regulatory filing.
19.09 / 00:33
COST
Digital
Platform
Strategy
information
reports
Aditya Birla Capital sees digital platforms driving growth
Subscribe to enjoy similar stories. Mumbai: Aditya Birla Capital is banking on three digital platforms to drive growth, as it looks to stand out in a space marked by stiff competition. The financial services arm of the Aditya Birla conglomerate has already launched two of these platforms.
18.09 / 16:33
Provident
PwC
Deloitte
Death
Bill
Celebrity
Equality
At the Big Four, work stress is taking a toll on both employee and employer
Subscribe to enjoy similar stories. MUMBAI : The Big Four global consultancies—KPMG, EY, PwC, and Deloitte—rely heavily on one key asset: manpower. This workforce is also their most expensive, making the business model heavily dependent on utilising their employees to the maximum.
18.09 / 13:05
markets
UPS
Booking
Aware
love
performer
2020
Invest 100% in stocks? Be aware of the bull market’s investing myths
Subscribe to enjoy similar stories. Mumbai:Mairaa could hear Bryan Adams’ Summer of 69 as soon as she opened the door to her apartment. She knew that Vivaan, her husband, only played Summer of 69 on loop when he was feeling a tad down.
18.09 / 09:33
markets
UPS
Digital
Enterprise
RAI
show
Deepika Padukone buys apartment in Mumbai's Bandra West
Deepika Padukone has purchased a premium apartment in Mumbai suburb Bandra West for Rs 17.8 crore. She has bought the apartment on the 15th floor of Sagar Resham co-operative society on Bandstand locality through her company KA Enterprises. The deal was registered on September 12, showed documents accessed through Zapkey.com
18.09 / 01:55
markets
IPO
Aware
Software
Enterprise
social
reports
TrafikSol had a terrific IPO. Then BSE decided to postpone its listing.
Subscribe to enjoy similar stories. Mumbai: Rising scrutiny on the flurry of small enterprises going public finally has Exhibit One: TrafikSol ITS Technologies Ltd. On Tuesday, BSE postponed the listing of TrafikSol shares after investor complaints reached the market regulator, a person aware of the matter said.
17.09 / 11:15
markets
film
song
information
reports
Colleges
Investigations
Who is Jani Master? All about National Award-winning choreographer facing rape charges
Shaik Jani Basha, aka Jani Master, is facing sexual assault charges. A 21-year-old woman has come forward accusing Basha of repeatedly subjecting her to sexual abuse. Responding to her claims, the Cyberabad Raidurgam police registered a zero First Information Report (FIR) against him. The woman stated that she had collaborated with Jani on multiple work projects, during which he allegedly abused her for several months. According to her, the assaults occurred repeatedly while they were working together in various locations, including Chennai, Mumbai, and Hyderabad. She also reported to the authorities that Jani had violated her several times at her own home in Narsingi, Hyderabad. According to a report in The Hindu, a high-ranking police official confirmed the developments, noting that an in-depth investigation is currently underway. Given the woman’s residence in Narsingi, he stated that the case had been handed over to the local police, who will now proceed with further inquiries.
17.09 / 03:09
UPS
Digital
stage
country
electronic
reports
Brookfield hit it big with towers. Here's what it has in mind next.
Subscribe to enjoy similar stories. Mumbai: Canada's Brookfield Infrastructure Partners is weighing potential investments in India's emerging semiconductor fabrication sector, even as it actively assesses opportunities in fibres, transmission lines, electric vehicles and smart meters. In the US, Brookfield has invested $15 billion in a joint venture with Intel Corp.
17.09 / 01:42
markets
MET
Platform
Sustainability
reports
Department
Government to quick commerce players: throw more light on dark store ownership structures
dark stores, the mini warehouses that are crucial for the foreign-funded platforms to deliver in 15-30 minutes, people aware of the matter said. India’s foreign direct investment rules don’t allow foreign-funded online marketplaces to own inventory or control sellers on their platforms. Because of these restrictions, the dark stores are not owned by the quick-commerce platforms themselves, but by separate entities. However, there are some grey areas in their structures. Meeting With Goyal
17.09 / 01:23
markets
Manufacturing
country
travelers
International
Vaccines
US-India partnership to solve global challenges, advance growth: DFC official
Nisha Biswal, the US International Development Finance Corporation's (DFC) Deputy Chief Executive Officer, during her travel to Mumbai and New Delhi from September 10-14, highlighted the DFC's partnership with India to advance key growth and development priorities and work with the nation to solve the world's most critical challenges, the release said. While in India, Biswal announced USD 70 million in new DFC investments to support affordable home loans in India and vaccine manufacturing, it added. She spoke at the US-India Business Council's (USIBC) India Ideas Summit about the DFC's strategic vision for driving long-term growth between both countries and the broader Indo-Pacific region.
17.09 / 01:06
markets
Provident
Digital
Platform
Enterprise
RAI
E2E Networks is the talk of the town as AI frenzy takes hold
E2E Networks, an artificial intelligence cloud service provider, is getting a lot of attention that the National Stock Exchange-listed company has probably not seen in the 15 years since its inception. The company started offering graphics processing units (GPUs) for cloud computing in 2018, when nobody else was in the market in India. The bet is now paying off, with a customer list of 2,500-3,000 companies, mostly startups and small and medium enterprises (SMEs) and also some big companies. Its stock has yielded almost 280% year-to-date, which according to Bloomberg data makes it one of the top-performing IT stocks of 2024. Delhi-based E2E is well-positioned to participate in the India AI Mission’s tender to procure 10,000 GPUs as part of a consortium.
16.09 / 21:14
Citi
Metro
President
students
country
Schools
International
How Cambridge and IB schools stole hearts in India's small cities
Subscribe to enjoy similar stories. Mumbai: Schools affiliated to international boards are gaining traction in India's tier-II and tier-III cities as aspirational second- and third-generation business owners and professionals with higher disposable incomes send their children to these schools. These schools, which have tuition fees upwards of ₹7-9 lakh per annum, are now offering specially trained teachers—some roped in from overseas—and infrastructure on a par with their counterparts in metros.
16.09 / 21:00
markets
Strategy
Trade
Experts
Cycling
reports
rights
Great Eastern plans to enter container shipping sector
Great Eastern Shipping Company, India's biggest private ocean carrier, will «evaluate» entering the container shipping sector, a senior company executive said. This, according to an industry expert, could be a diversification strategy aimed at mitigating the risks associated with oil trade as the world pivot towards green energy, cutting the quantum of crude and petroleum products shipped by sea. «We will evaluate the container (shipping) space. It's clearly on our radar but not at the moment,» Great Eastern Shipping general manager Rahul Sheth said during an earnings call on August 1, which has not been previously reported. Rahul Sheth is the son of Ravi Sheth, a director of Great Eastern Shipping and managing director of Greatship (India) Ltd, its oilfield services unit. Ravi Sheth's brother Bharat Sheth is the deputy chairman and MD of Mumbai-listed Great Eastern Shipping Company.
16.09 / 08:13
markets
security
wellness
Trade
stage
gatherings
International
Sebi vs employees: Regulator takes a step back, withdraws contentious press release
toxic work culture" and demanding the resignation of Sebi chief Madhabi Puri Buch, the markets regulator on Monday withdrew its earlier statement blaming «external elements» for the protests. In a fresh statement issued to the media during the day, Sebi said that its earlier press release issued on 4th September, after which scores of its employees gathered around the regulator's headquarters in Mumbai's BKC to stage a silent protest against their boss Buch, stands withdrawn.
16.09 / 07:46
UPS
Boxing
Research
show
performer
stars
Stree 2 rescues PVR Inox in an otherwise dull quarter
Subscribe to enjoy similar stories. MUMBAI : PVR Inox Ltd has got a shot in the arm with the roaring success of Stree 2. The Hindi horror comedy, starring Shraddha Kapoor and Rajkummar Rao, has garnered ₹573 crore since its release on 15 August, according to Bollywood Hungama website.
16.09 / 03:23
UPS
Gap
Align
Experts
show
reports
A credit boom that raised concerns is now cooling
Subscribe to enjoy similar stories. Mumbai: Credit growth that leapt far ahead of deposit growth has slowed, narrowing the gap between the two, as regulatory measures take effect and banks dial down a loan frenzy. The difference between non-food credit and deposit growth shrank from 311 basis points on 26 July to 275 bps on 23 August, latest data from the Reserve Bank of India (RBI) showed.
16.09 / 01:22
Action
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track
reports
Investigations
Tracking Inflation: A look at DGGI's latest report and it's connection with online gaming
online gaming sector topped the apex goods and services tax (GST) intelligence and investigation agency’s evasion list with detection to the tune of about Rs 1.10 lakh crore, involving show-cause notices to 34 taxpayers and action against 118 domestic entities and 658 offshore entities. The annual report of Directorate General of Goods and Services Tax Intelligence (DGGI) released on Saturday showed a jump in evasion cases, with Mumbai taking the lead. ET takes a look at the data:
15.09 / 18:18
markets
Highways
Research
Universities
RAI
country
Traffic
New road near Atal Setu will bring down Mumbai-Pune Expressway traffic by 50 pc: Gadkari
14-lane road near the Atal Setu sea bridge that will connect to Pune via a ring road will bring down traffic on Mumbai-Pune Expressway by 50 per cent, Union Minister Nitin Gadkari said on Sunday. The Union Minister for Road Transport and Highways was talking about road plans for Mumbai-Bengaluru at an alumni event organised by COEP Technological University on the occasion of Engineer's Day. «There is huge traffic on Mumbai-Pune Expressway. A 14-lane road will be built near Atal Setu, which will further connect to Pune via a ring road and then onwards to Bengaluru. This road will bring down traffic on Mumbai-Pune Expressway by 50 per cent,» he said.
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