City Mumbai Financial News

15.09 / 14:28
markets Action Remark President country Department Cong hits back at Dhankhar, flags Rahul's caste census, removal of 50% cap on reservations demands
Jagdeep Dhankhar for his apparent attack on Rahul Gandhi over his remarks on reservation, the Congress on Sunday asked the Vice President who he supports, «the One adamently refusing to conduct a caste census or the one championing» the demand for it. The opposition party's jibe came after Dhankhar said, «A person from a constitutional post saying on foreign land that reservation should be ended underscores the same anti-constitutional mindset. The baton of prejudices against reservation has been handed over. It is the same old anti-constitutional mindset.» «Reservation is not against meritocracy, but it is the soul of the country and the Constitution. It is an affirmative action and not negative. It is not depriving someone of opportunity but hand holding those who are pillars of strength of the society,» the vice president said addressing a public event in Mumbai.
15.09 / 13:48
markets Citi CEO Strategy reports Focused on north, eyeing govt sale of key properties: Bharti Real Estate's Sayal
Subscribe to enjoy similar stories. Mumbai/New Delhi: Bharti Real Estate will not join the bandwagon of companies launching projects beyond their home markets despite its peers doing so, as it continues to focus on building a $2 billion business district near Delhi airport, S.K. Sayal, CEO and MD of the real estate arm of the Bharti Group, told Mint.
15.09 / 13:15
markets Citi Aviat Airlines rights Interviews Destinations India is 'very important market'; looking at more frequencies, new destinations: Malaysia Airlines
Malaysia Airlines is keen to expand its operations into India, which is a «very important market», according to a top airline official. The airline, which currently flies to nine Indian cities, is eyeing new destinations as well as looking to increase frequencies to Trivandrum and Ahmedabad. Part of the Malaysia Aviation Group (MAG), Malaysia Airlines operates daily flights to Delhi, Mumbai, Bengaluru, Amritsar, Chennai, Hyderabad and Kochi. It also has four weekly services from Ahmedabad and Trivandrum.
15.09 / 12:02
UPS Waves students social song Schools Relationships Can ‘pebbling’ help you nurture better relationships?
Subscribe to enjoy similar stories. Imagine you’re sitting at your desk, feeling overwhelmed by the weight of daily tasks. Your mind is clouded with deadlines and worries.
15.09 / 09:41
Target Aware Action Remark President show country VP Jagdeep Dhankhar targets Rahul Gandhi over quota remark, says it shows 'anti-constitutional mindset'
Congress leader Rahul Gandhi over his remarks on «ending reservation», Vice President Jagdeep Dhankhar on Sunday said such comments by a person holding a constitutional post shows «anti-constitutional mindset». Addressing a public event in Mumbai, Dhankhar also said that awareness about India's Constitution is highly needed as some people have forgotten its soul. «A person from a constitutional post saying on a foreign land that reservation should be ended underscores the same anti-constitutional mindset. The baton of prejudices against reservation has been handed over. It is the same old anti-constitutional mindset,» he said. «Reservation is not against meritocracy, but it is the soul of the country and the Constitution. It is an affirmative action and not negative. It is not depriving someone of opportunity but handholding those who are pillars of strength of the society,» the vice president said.
15.09 / 08:32
markets Strategy performer reports Department recommendations Schools ONGC gets director to spearhead new energy, petrochem business
Oil and Natural Gas Corporation (ONGC) has got a new director to spearhead its new energy, petrochemicals and corporate strategy as part of a board revamp aimed at breathing fresh life into the state-controlled behemoth. Arunangshu Sarkar has been appointed as Director for strategy and corporate affairs, ONGC said in a stock exchange filing. Before the elevation, Sarkar, a petroleum engineer from the Indian School of Mines, Dhanbad, was Group General Manager (Production) at ONGC. He had previously worked as General Manager (Strategy & Corporate Planning), ONGC Videsh Ltd — the overseas investment arm of ONGC. Two years back, the board of ONGC was reorganised. Besides creating the new post of Director (Strategy & Corporate Affairs), the post of Director (Production) was created after merging Director (Onshore), who is in charge of all oil and gas fields located on land, and Director (Offshore) who looks after all offshore assets, such as the prime Mumbai High fields.
15.09 / 08:01
markets Provident Airlines reports Department Destinations IndiGo Mumbai-Doha flight cancelled; several passengers reportedly faint due to intense heat and suffocation
IndiGo Airlines has issued an apology and said that the customers are being provided hotels and are being rebooked as per their final destination. The video of the incident, which took place on Thursday on flight 6E 2235, shows flyers in utter discomfort.
15.09 / 06:44
Art Photography Photos show classical Schools An exhibition that paints photographer O.P. Sharma’s portrait
Subscribe to enjoy similar stories. At the Shridharani Gallery, located within the Triveni Kala Sangam, Delhi, one can see a black-and-white print of a rather vulnerable-looking Dimple Kapadia. Incidentally, this was the actor’s first-ever photo from Bobby, clicked accidentally at Prithviraj Kapoor’s studio in Mumbai.
14.09 / 18:47
markets trends Instagram song rights Videos Why finding the right music for reels is one of the biggest challenges for content creators on Instagram
Ankita Shrivastav calls the process of finding the right audio to go with her Instagram posts “a family affair”. “Everyone pitches in with suggestions, and when I don’t pick their choice, I end up sending apology notes,” says the Mumbai-based actor and standup comedian. She thanks them for at least keeping her up to date with the latest trends in music. Known as @filmychokri on Instagram, where she has nearly 600,000 followers, Shrivastav admits that the music selection process has sometimes delayed the uploading of her posts by 20 to 40 minutes. “It’s not just about picking a track,” she says. “It has to be aesthetically right, it has to match the story you are trying to tell in the Reel and match the story that’s going on in the world at the time… It has to be today and trending.”
14.09 / 16:00
MET FIVE Waters Experts country Scandals Moulding a ‘modak’ over memories of Ganesha
Subscribe to enjoy similar stories. When I asked my mother about her memories of modak, she narrated a story so vivid that I felt like I was there—in a chawl in the central Mumbai neighbourhood of Dadar, watching the ladies of her family expertly turning out thin dumplings stuffed with jaggery and coconut, gossiping and arguing as they did. These dramas seemed appropriate because Lord Ganesha, the pot-bellied, elephant-headed god dear to millions, was himself born amidst celestial theatrics.
14.09 / 04:45
SEC security Analysis trends Trade Experts cover ICICI Security shareholder moves NCLAT against order on delisting
ICICI Securities has approached the National Company Law Appellate Tribunal (NCLAT) challenging the National Company Law Tribunal's order approving the company's delisting application from the stock exchanges. On August 21, the NCLT's Mumbai bench dismissed two objections to the delisting scheme and allowed delisting. On Friday, Bengaluru-based investment manager Manu Rishi Guptha filed an appeal in the NCLAT, New Delhi. In an exchange filing, the ICICI Bank said it received an intimation from NCLAT on Friday that one shareholder of ICICI Securities holding 13, 050 shares of ICICI Securities has e-filed an appeal before NCLAT against the order of NCLT dismissing their application. Guptha and a few investors are opposing the terms of the proposed delisting of ICICI Sec.
14.09 / 03:01
markets Sustainability Death love reports Malaika Arora's father's death: Police to record statements of his doctor and more family members
Malaika Arora's father's doctor and other relatives who were close to him in the days leading up to his death, news agency ANI reported. They are gathering as much information as possible to understand the circumstances surrounding his tragic decision. On Wednesday, Malaika's father Anil Mehta, 62, allegedly died by suicide after jumping from the sixth floor of Ayesha Manor, a residential building in the upscale Bandra (West) area of Mumbai. According to police reports, as quoted by news agency Press Trust of India, the incident occurred while Mehta’s wife, Joyce, Malaika’s mother, was inside their apartment. The Mumbai Police have recorded statements from family members, including Malaika, Amrita, and their mother Joyce.
13.09 / 19:53
markets Entertainment Enterprise Sony RAI Justice stars NCLT withdraws nod given earlier for merger of Zee and Sony entities
NCLT) has withdrawn its approval for the merger scheme between Zee Entertainment Enterprises and Sony Group Corporation's India media entities, Culver Max Entertainment and Bangla Entertainment. The order passed by the Mumbai bench of the NCLT on September 5 brings the curtain down on the failed merger deal that could have created India's second-largest media and entertainment company, rivalling the proposed Star India-Viacom18 combined entity. Zee had filed an application with the Mumbai bench of the NCLT on August 29, seeking recall of the NCLT order dated August 10, 2023, sanctioning the scheme of arrangement.
13.09 / 19:38
markets Provident Digital Enterprise information Department Piyush Goyal unveils two portals to resolve exporters' issues, bring transparency
Piyush Goyal, minister for commerce and industry, on Friday launched two digital initiatives to resolve issues faced by exporters, bring transparency, and make exports more convenient. The Jansunwai Portal provides exporters with necessary information, clarifications, concerns, find the status of complaints and a video-conferencing facility to directly speak to officials of the various departments concerned with exports. «There wouldn't be need for running behind officials, the intention of the government is that nobody ever is required to come to commerce department's various wings,» Goyal said on the sideline of the Board of Trade Meeting in Mumbai.
13.09 / 14:23
UPS Citi wellness track social International Wife to investor: How Priya Singh drove Chalo's Mohit Dubey's startup ambitions
Subscribe to enjoy similar stories. Back in 2005, Priya Singh, then a 22-year-old social worker, stumbled upon her entrepreneurial journey when her husband, Mohit Dubey, decided to leave his job just two months into their marriage. While Dubey pursued his startup dreams, Singh financed their life by taking up a well-paying job in the government, supporting not just Dubey, but his two co-founders too—transforming their 2-bedroom apartment in Mumbai into a startup hub in 2005.
13.09 / 11:25
markets film Actor Celebrity beautiful social innovations Abhishek Bachchan unveils his new hairstyle. Fans speculate if it is for Dhoom 4
Abhishek Bachchan’s latest hairstyle, styled by the acclaimed Aalim Hakim, has caused a stir on social media, with fans and celebrities alike showering praise on his striking new look. The actor’s fresh, sharp appearance, which includes a sleek haircut and a stylish turtle neck, has garnered widespread attention, with many declaring it the best look he's ever had and even speculating that it’s suited for a future film, like «Dhoom 4.» The buzz around Bachchan's look intensified when he was spotted with a notably lean physique and a slick new haircut, leading many to speculate that this transformation might be linked to his upcoming role. The actor’s look has been described as “super” and “perfectly perfect” by fans, with numerous fire emojis highlighting their enthusiasm. Some fans have even humorously suggested that this dapper style could be a glimpse of his role in the much-anticipated film King, directed by Sujoy Ghosh. Arjun Kapoor, Varun Dhawan, Bipasha Basu, Neil Nitin Mukesh, Bobby Deol liked this look. Meanwhile, actor Rohit Bose Roy commented, «Wowwwww! This is the best he’s ever looked! » Maniesh Paul dropped fire emojis.
13.09 / 07:14
markets UPS Citi show country Large office deals drive commercial absorption across top 8 cities in H1
commercial real estate transactions across eight major cities in the country in the first half of the year. Deals for office spaces above 100,000 sq ft recorded a 54% on-year growth in the first half of calendar year 2024 to 15.69 million sq ft. These deals contributed 45% of the overall commercial transactions, showed data from Knight Frank India. Bengaluru’s commercial market continued to witness leasing domination in this segment as this contributed 53% to the city’s total office transaction volumes, amounting to 4.5 million sq ft, up 32% from a year ago.
13.09 / 06:44
markets Digital Experts RAI show rights Birla Estates concludes deal to acquire 24.5 acre land in Kalwa from Hindalco for over ₹537 cr
Aditya Birla Group entity Birla Estates has concluded the deal to acquire over 24.5-acre land parcel in Thane’s Kalwa locality from Hindalco Industries for over Rs 537 crore. The board of directors of Hindalco Industries had approved this sale of land in July to Ekamaya Properties, a wholly owned subsidiary of Birla Estates. The buyer has paid stamp duty worth Rs 37.62 crore for the deal’s registration that took place on September 4, showed the documents accessed through real estate data analytics firm Propstack.
13.09 / 05:40
markets UPS CEO Platform poker reports Nazara picks up 47% stake in PokerBaazi parent Moonshine for Rs 832 crore
Nazara Technologies has acquired 47.7% stake in Moonshine Technology, the parent company of online poker gaming platform PokerBaazi, for Rs 832 crore through a secondary transaction. Additionally, Nazara will inject Rs 150 crores in primary capital into Moonshine via compulsory convertible preference shares, the Mumbai-based firm said in a stock exchange filing. Led by founder and CEO Navkiran Singh and cofounders Puneet Singh, Varun Ganjoo, Avneet Rana, and Anirudh Chaudhry, Moonshine generates over 85% of its net revenue from PokerBaazi, while its fantasy sports platform, SportsBaazi, contributes 12%. As of May 2024, PokerBaazi had around 340,000 monthly active users.
13.09 / 02:40
markets Analysis trends Trade Experts show exclusive Investors in North India take the equity plunge, numbers quadruple in 4 years
Since Covid struck, the North and the East have led other regions in adding more financial investors. Data showed the number of investors from the north on the National Stock Exchange (NSE) quadrupled since FY20, reaching 35.7 million as of July 31.
12.09 / 16:47
markets Digital security Experts RAI rights Puravankara secures rights to redevelop housing society in South Mumbai’s Breach Candy
Realty developer Puravankara has secured the right to redevelop a housing society spread over half an acre in South Mumbai’s Breach Candy locality marking its foray into the country’s super-luxury property market. Residential property rates in the vicinity currently are in the range of Rs 1.25 lakh to rs 1.40 lakh sq ft per sq ft. «Our entry into South Mumbai with the redevelopment of Miami Apartments at Breach Candy marks a significant milestone for Puravankara…We are excited to bring our expertise to South Mumbai and redefine the standards of luxury living in this prestigious neighbourhood, while strengthening our presence in other markets,” said Ashish Puravankara, MD, Puravankara.

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