City Mumbai Financial News

Deepika Padukone and Ranveer Singh, have welcomed their first child, a baby girl, according to media reports. Prior to the birth, Deepika and Ranveer visited Mumbai’s famous Siddhivinayak Temple to seek blessings from Lord Ganesha for their impending new arrival. Reports indicate that both mother and baby are in good health, and the family is thrilled with the arrival of their little princess.

Deepika Padukone and Ranveer Singh, are celebrating the arrival of their first child, a baby girl, on Sunday, September 8. The news, shared by sources close to the family, has brought joy to their fans across the world. Deepika was admitted to Mumbai’s HN Reliance Foundation Hospital on Saturday evening in preparation for the delivery, and the couple arrived at the hospital accompanied by their families.

student who was barred from boarding a Toronto-bound flight due to a visa-related issue. The incident, which involved stoppages in Munich and Frankfurt, Germany, highlighted the airline's failure to inform the passenger about the requirement of a transit Schengen visa. The case centered on Maharshi Yadav, a resident of Gandhinagar, who was traveling to Canada for further studies. Yadav, who held a valid student visa for Canada, had booked a flight from Mumbai to Toronto for April 13, 2022. The flight included layovers in Munich and Frankfurt, both in Germany. However, during check-in at Mumbai airport, the airline staff informed Yadav that he required a transit Schengen visa for the layovers, which he did not possess. Consequently, he was denied boarding. Pressed for time, Yadav cancelled the original ticket and booked an alternative flight with Emirates Airlines, costing him Rs 1.70 lakh, to reach Canada the next day. Subsequently, Yadav, through his mother and legal counsel Sunil Chhabaria, filed a complaint with the Consumer Dispute Redressal Commission in Gandhinagar, alleging a deficiency in service on the part of the airline. The complaint argued that the airline had failed to notify Yadav in advance about the necessity of a transit Schengen visa for his journey.

Deepika Padukone and Ranveer Singh celebrated a significant milestone on Sunday as they welcomed their first child, a baby girl. The joyous news broke on the auspicious occasion of Ganesh Chaturthi, a festival renowned for bringing good fortune and removing obstacles, making the timing of their daughter’s arrival even more special. Earlier, on Saturday, the couple was seen arriving at Mumbai’s Reliance Foundation Hospital, accompanied by Deepika’s mother, Ujjala Padukone. The couple had previously visited the famous Siddhivinayak Temple in Mumbai to seek blessings from Lord Ganesha ahead of the birth. The temple visit was a heartfelt gesture to ensure a smooth and blessed delivery, and photos of Deepika in a green saree with her baby bump went viral on social media. Sources confirm that both mother and child are healthy, and the family is overjoyed with their new arrival. Although Deepika and Ranveer have not yet made an official announcement on social media, their happiness is palpable. Fans and well-wishers have been pouring in their congratulations, eager to share in the couple’s happiness.

Odisha is celebrating Ganesh Puja for the 18th year by preparing a 15-foot tall Ganesh idol using 25,000 glass bangles, and the pandal has been made of bamboo in Baripada. Friends Union Organisation President Saumya Ranjan Mishra told ANI, «We are celebrating Ganesh Puja for 5 days according to the tradition of Maharashtra. The festival lasts for 8 days with tribal traditional songs, dances, a national-level dance competition, and much more. Prasad distribution takes place for 5 days. Some artists come from West Bengal and other states. Very unique 15-foot Ganesh idol made by 25000 (twenty-five thousand) glass bangles. This is the main attraction of our Ganesh festival, for which devotees come from different states.» Cashier of the organisation Srikant Barik said, «This time we are celebrating 18th year. We have spent more than 22 to 25 lakhs all together for this decoration and making unique idols.»

The Gateway's iconic elevation standing tall against the picturesque sea

Wockhardt has denied 'conflict of interest' and 'corruption' allegations made by the Congress party against Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch over rental payments made by its affiliate Carol Info Service, even as the Mumbai-based drugmaker is involved in multiple cases with market regulator, including that of insider trading. Wockhardt called the allegations 'baseless and misleading'. «It has come to our attention that there are certain allegations pertaining to payment of rent by Carol Info Services Limited and its connection with certain orders passed by SEBI in relation to the Company,» the company said in a statement to exchanges on Friday evening.

Wockhardt has denied allegations regarding payment of rent by Carol Info Services and its connection with certain orders passed by SEBI in relation to the company. «In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading,» Wockhardt said in a regulatory filing late Friday. It said the company has acted and continues to act in compliance with all applicable laws. On Friday, the Congress' media and publicity department head, Pawan Khera said that between 2018 and 2024, Madhabi Buch — as a whole-time member and later chairperson of Securities and Exchange Board of India (SEBI) — had been receiving rental income amounting to Rs 2.16 crore from Carol Info Services, a company affiliated to Wockhardt.

Congress leader Jairam Ramesh on Saturday said the Rahul Gandhi-led Bharat Jodo Yatra from Kanyakumari to Kashmir was a «massive booster dose» for the party and heralded a change in the country's politics. «Today is the 2nd anniversary of the start of the truly transformational Kanyakumari to Kashmir Bharat Jodo Yatra. Over 200 Bharat Yatris led by Rahul Gandhi completed the 4000 km long yatra, overwhelmingly on foot, over a period of 145 days and covering 12 states and 2 UTs,» Ramesh said. «This yatra led to unprecedented connectivity and collectivity and was a massive booster dose for the Indian National Congress. It heralded a change in the politics of our country as well,» he said.

traders cut bets ahead of the crucial US jobs data scheduled to be released after trading hours in Mumbai. Speculation that foreign funds were selling ahead of the deadline to comply with the ultimate beneficial ownership norms on Friday also dented sentiment. The regulations require overseas investment vehicles to provide granular details of all entities holding any ownership, economic interest, or exercising control, failing which they must liquidate their domestic holdings.

₹3,500 over and above its regular fare, Air India Express tagged its business class seats at about ₹16,000 in the Delhi-Mumbai sector. That’s still lower than the ₹26,000 charged by its parent entity, the Tata Group-owned full service Air India, for a business class seat on the same route. “We would have replaced these business class seats earlier itself if these replacements were available earlier," a senior Air India Express executive said on condition of anonymity.

Vistara Airlines announced on Friday that its Mumbai-Frankfurt flight that was diverted to Turkey due to security concerns has landed safely in Turkey. Sharing a post on X, Vistara wrote, «Flight UK27 from Mumbai to Frankfurt (BOM-FRA) has been diverted to Turkey (Erzurum airport) due to security reasons and has landed safely at 1905 hours. Please stay tuned for further updates.» This is a developing story.

Supreme Court on Friday refused to stay the implementation of Adani Goodhomes Pvt Ltd's resolution plan for debt-ridden Radius Estates & Developers Pvt Ltd, even as it sought response from the resolution professional and others on an appeal by Beacon Trusteeship Ltd, a dissenting financial creditor. Beacon claimed that it didn’t get a fair deal as the plan gave a 93% haircut to its claims. The Bench led by Justice Sanjiv Khanna said it will examine the question of dues payable to Beacon Trusteeship and posted the matter for further hearing in January.

local kirana stores to operate and sell online. The e-commerce platform specialises in the fresh produce category which includes fruits, vegetables, meats, and dairy. It has recently introduced video-based shopping on the lines of content-commerce trends in China.

Salò, or the 120 Days of Sodom is a 1975 film by Pier Paolo Pasolini. It's one of the most disturbing and difficult viewing experiences in cinema, a long series of degradations visited upon a group of teens by sadistic fascists. It runs just under two hours.

Wockhardt shares fell 5% to hit the day's low of Rs 1,034.55 on the NSE on Friday after Congress leader Pawan Khera accused Sebi chief Madhabi Puri Buch of a conflict of interest with the pharma company. Khera in a press conference held today, accused Buch of corruption and insider trading. Khera alleged that Buch and her husband own a property in Mumbai, which was given on rent to a company called Carol Info Services Ltd, and is a part of Wockhardt Ltd., a firm that SEBI has been involved with in multiple cases.

₹80 lakh on Sebi, the National Stock Exchange of India (NSE), and the BSE on August 26 for illegally freezing the demat accounts of two people erroneously classified as promoters. The powers of the exchanges stem from Sebi circulars dated 30 November 2015 and 26 October 2016, which prescribe the standard operating procedures for how to deal with non-compliance of norms by listed companies. Legal experts said the promoters of a company might not necessarily be the people making decisions.

Sebi officers across grades protested Thursday at the headquarters of the capital markets regulator in Mumbai’s financial nerve centre, demanding the resignation of chairperson Madhabi Puri Buch while also seeking withdrawal of the organization’s media statement that described their letter to the Centre as a likely fallout of instigation by unidentified ‘external elements’. The silent protest held within the premises of Sebi Bhavan, in Bandra Kurla Complex, lasted for one and a half hours. This is the second silent protest by the officers this year after their complaints about HR issues to the top management went unheard. The first protest—a 15-minute sit-in — was held on August 5, a day before the employees sent their complaint to the finance ministry.

Supreme Court on Friday dismissed a plea challenging the Bombay High Court's order which had disposed of a petition seeking directions to provide drinking water and other facilities to cricket players during practice or unofficial matches on public grounds in Mumbai. «What kind of a PIL (public interest litigation) is this? Cricketers will take care if they are not provided toilets. Why an advocate should be bothered about it,» a bench of Justices A S Oka and A G Masih observed. The bench was hearing a petition filed by a lawyer, who had challenged the high court's June last year order disposing of his petition. In his PIL filed before the high court, he had sought directions to the Mumbai Cricket Association and the Board of Control for Cricket in India (BCCI) to provide drinking water and other facilities to players during practice or unofficial matches on public grounds.

SEBI chief Madhabi Puri Buch, Congress leader Pawan Khera on Friday levelled charges of insider trading and corruption. He also accused Buch and her husband of owning a company in Mumbai. «The company is called Carol Info Services Ltd. This is a part of a company called Wockhardt Ltd, they have the same promoters. Wockhardt is a company on which SEBI is continuously giving orders and dealing with its cases,» said Khera.

India has started producing blockbuster clavulanic acid for the first time in what could reduce its dependence on China for APIs. Mumbai-based Kinvan has started producing clavulanic acid that goes into making Augmentin, used to treat various bacterial infections, people in the know told ET. Industry sources say the company has started producing small batches and will begin full scale production of 300 metric tons towards end of this year. Kinvan will invest ₹447.17 crore to build 300 mt capacity plant to produce clavulanic acid.