City Mumbai Financial News

ED) had raided the residences of its top officials, including y Dr. Rashmi Saluja, Executive Chairperson, Mr. Nitin Agarwal, Group CFO, Mr. Nishant Singhal, Group General Counsel of Religare Enterprises Limited (REL/ Company) and Mr. Chirag Jain, Chief Operating Officer of Religare Finvest Limited (Wholly owned subsidiary of the Company), on August 21, 2024, in a press release. ET had earlier reported that the ED had seized several documents including the demat and bank accounts of these officials.

Also read: Perfect outdoor escapes: In search of wild greens Trail running has shown gradual growth over the last few years in pockets of the country with plenty of races in the Himalaya and the Western Ghats, while a few runners like Kieren D’Souza and Sannat Sachdev have shifted base to the mountains to train and race internationally— Kieren moved from Bengaluru to Manali; Sannat from Jaipur to Bir. “The standards are very high globally and we are just about catching up. In other countries, there are loads of local races and trail running clubs.

regulator Directorate General of Civil Aviation (DGCA) has slapped a fine of ₹90 lakh on Air India for operating a flight on July 9 from Mumbai to Riyadh with an unqualified crew. Besides, the watchdog has slapped fines of Rs 6 lakh and Rs 3 lakh on Air India's Director of Operations and Director of Training, respectively, for the lapse. «Air India Ltd operated a flight commanded by a non-trainer line captain paired with a non-line-released first officer which has been viewed by the regulator as a serious scheduling incident having significant safety ramifications,» the release said.

Bengaluru may be the ‘Silicon Valley’ of India, this NRI has eyes only for the serene city of Kochi. An Indian-origin man took to Reddit to ask netizens about the ideal city he could settle in, along with his British wife and three-month-old daughter. The Reddit user, named J. Pal, revealed that he was planning to relocate permanently to India in February 2025. He also stated that he was considering making Kochi, a major city in Kerala, their new home. However, he had certain questions. He wanted to know if Kochi had any language-based regionalism like Bengaluru. He was also inquisitive about how safe women were in the city. Following that, as a new parent, he was keen to know if Kochi has quality IGCSE schools for their daughter's education. Users also highlighted that Kochi boasts excellent hospitals and a well-connected public transportation network, including both the metro and the water metro.

Emily in Paris as well. What’s different this time is the way Emily, played by Lily Collins, dresses. She looks more Parisian than before, reflecting how her character has matured, influenced by her surroundings.

Mint. Here is SP (name withheld on request), who narrates his story offering valuable lessons for anyone considering entering the high-risk world of options trading: Over the past eight to nine years, I lost approximately ₹60 lakh in options trading, a loss so severe that I am now deeply in debt, which is almost that amount. I owe money to 11 different lenders.

Mushrooms Of Uru to act as a field guide to the mushrooms commonly found in the city—some of these include Fairy Ink Caps (Coprinellus disseminatus), Pencil Shaving Mushrooms (Podoscypha petalodes) and Artist’s Conk (Ganoderma applanatum). Information about upcoming walks are available on their Instagram page.

₹10 crore from the SSE of the National Stock Exchange (NSE), with Screwvala calling the process of reaching out to donors the “equivalent of a book-building exercise". In an interaction with Mint, Screwvala said that while the listing process was not simple, the disclosures were necessary to maintain credibility. Wary of the complexity, only about a dozen NGOs have listed and raised money from SSEs so far.

Chetan Singh Solanki has stressed the urgent need for energy conservation and a global shift to renewable energy to tackle climate change. Highlighting the lack of climate awareness among the youth, Solanki advocated for the «Avoid, Minimize, Generate» strategy as key to mitigating the crisis. The IIT professor was speaking at a lecture session hosted by Pandit Ravishankar Shukla University on 'Environment-Friendly Energy Product Startups.' The lecture provided a comprehensive '6-Point Understanding' of climate change, focusing on the challenges and necessary corrective actions. Speaking to TOI on the sidelines of the session, Prof. Solanki said many young people are increasingly unaware of climate change, with some not even discussing the issue. He attributed this to the lack of emphasis or discussion from influential figures in their lives, such as parents, teachers, professors, influencers, and spiritual leaders. Even when climate change is addressed, it is often only at a superficial level, leaving young people with a shallow understanding of the issue.

Air India on Thursday announced that it will temporarily operate additional flights to Kolkata from four Indian cities to meet greater travel demand to the city during the upcoming Durga Puja festivities. Starting 20 September 2024, Air India will operate daily, non-stop flights to Kolkata from Bengaluru and Hyderabad for nearly a month. The airline has also increased frequency to Kolkata from Delhi effective 15 August 2024, and from Mumbai effective 25 September 2024.

industrial real estate IndoSpace is planning to invest over Rs 580 crore to develop two new logistic parks spread over 76 acres in Karnataka as part of the commitment made by the company through a Memorandum of Understanding (MoU) signed with the state government. In 2022, IndoSpace entered into a seven-year pact with the government, with a commitment to invest Rs 3,000 crore in the state's warehousing and logistics industry. This investment, the largest ever by an industrial developer in Karnataka, is expected to create 14,000 new jobs. “These parks will have a total development potential of 1.8 million sq ft and are targeted at industries such as automobiles, engineering, electronics, and third-party logistics (3PL) operators. These parks will be developed in phases, and the work will commence this year with plans to make them operational over the next 2–3 years,” said Rajesh Jaggi, Vice Chairman, Real Estate, The Everstone Group.

Piyush Goyal on Thursday said that India is not against e-commerce companies but wants them to be fair and honest. In remarks that came a day after he flagged concerns about e-commerce firms, Goyal said online businesses need to ensure a «fair chance» of competing. Goyal on Wednesday voiced concerns about predatory pricing by e-commerce firms and feared about the impact their operations have on small retailers in the country. He also went public with his fears, warning of the «huge social disruption» with the massive growth of the e-commerce sector. «We are very clear that we want to invite FDI (foreign direct investment), we want to invite technology, we want to have the best of the world, and we are not against online at all,» Goyal said at an event here.

chartered accountant from Vikhroli, Mumbai, after his car inadvertently splashed water on them from a deep pothole near Jan Seva Bank in Keshavnagar, Mundhwa, in Pune around 5.45 PM on Monday. The victim, Yash Manwani, sustained injuries and later lodged a complaint with the Mundhwa police. The incident took place when Yash Manwani, 29, was driving to Keshavnagar to pick up his siblings for Rakshabandhan. Manwani, who hails from Bhopal and lives in Vikhroli, works with a private firm. «I was going to Keshavnagar to pick up my brother and sister on the occasion of Rakshabandhan,» he told TOI. Near Janaseva Bank, his car drove through a deep pothole filled with water, splashing the duo on the bike and two passing pedestrians. The biker chased Manwani's car and kicked its driver's side, prompting him to stop and roll down his window to explain the situation. However, the biker and his pillion rider forced Manwani out of the car and started a quarrel. «I advised them to visit the nearby Keshavnagar police chowkey, but they refused,» said Manwani. The two pedestrians reached the scene, and the four men started to abuse and physically attack him.

MUMBAI : Zerodha on Wednesday stopped its popular referral programme after the National Stock Exchange of India's (NSE's) 14 August circular mandated that all referral fee earners be registered as “authorized persons" or APs with brokers and stock exchanges. The broking industry, as a whole, leveraged the power of financial influencers to grow their business with influencers earning referrals or affiliate commissions from brokers. These were essentially a cut of all the broking commissions their followers generated while trading.

The flight was put in isolation bay while the passengers are being evacuated, reported agency further. There were 135 passengers onboard, sources told PTI, adding details on the origin of the threat and other information are awaited.

NCLAT on Wednesday directed the resolution professional of SKS Power Generation to submit and bring on record the e-mail sent to the successful bidder, Sarda Energy and Mining on May 8, 2023, seeking clarifications over its resolution plan. A three-member bench has directed the RP to file an affidavit with the e-mail having communications between the SRA (successful resolution applicant) Sarda Energy and the RP and directed to list the matter on August 30 for the next hearing. NCLAT was hearing the appeals filed by Torrent Power and Singapore-based Vantage Point Asset Management Pte, against the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which on August 13, approved Sarda Energy and Mining's (SEML) bid. Both the petitioners were also in the race to acquire the debt-ridden thermal power producer and opposed the selection of SEML's bid by the CoC. NCLT had rejected their pleas against approval of SEML's bid.

Manoj Bajpayee and his wife Shabana Raza Bajpayee have sold an under-construction premium residential apartment in Mumbai’s Mahalaxmi locality for Rs 9 crore. The apartment on the 47th floor of one of the wings of the upcoming tower on Boricha Marg is spread over 1,247 sq ft. The owner of the apartment will also get exclusive access to two car parking slots. The deal has attracted stamp duty of Rs 54 lakh and the same was registered on August 16, showed the documents accessed through IndexTap.com.

Indian Railways is gearing up to introduce the Vande Bharat Metro in Gujarat, marking a significant milestone in the nation's public transportation. This metro service, which is the first of its kind in India, will operate between Vadodara and Ahmedabad, with trial runs set to begin in the near future. JK Jayant, Chief Spokesperson of Western Railway, confirmed that the trials are scheduled to commence within the coming days, focusing on enhancing connectivity and efficiency, especially following recent upgrades to the railway route between Ahmedabad and Mumbai.

MUMBAI : Livpure, a provider of water purification solutions, has raised ₹233 crore in a funding round as it gears up for aggressive growth. The capital was raised from private equity giant M&G Investments and venture capital firm Ncubate Capital Partners. "The capex will primarily be required to build the subscription network across the country as we expand from 26 cities to 50, and eventually to 100 cities in the next three years," said Rakesh Kaul, managing director, Livpure.

Indian retail industry ranks fourth globally and accounts for more than 10% of India’s gross domestic product (GDP). Rising disposable incomes, rapid urbanisation, technological advancements, increased brand awareness, and improved shopping experience are significant growth drivers of the retail industry. Within this fast-paced industry, two players have captured the nation's attention with consistent growth in revenue and profits.

Tata Motors on Wednesday said it has tied up with Delta Electronics India and Thunderplus Solutions to set up charging infrastructure for its range of electric commercial vehicles (CVs). As part of the MoU inked between the parties, 250 new fast-charging stations for electric commercial vehicles would be set up across the country. Strategically located in and around over 50 cities, including Delhi, Mumbai, Chennai, Bengaluru, Pune, and Kochi, among others, these new charging stations will significantly increase the existing network of 540 commercial vehicle charging points, Tata Motors said in a statement. Basis its understanding of the commercial EV movement, the commercial vehicle major will recommend optimal locations and nearest dealerships for setting up the fast-charging stations, the company said.