City Sanghvi Financial News

foreign investors, muted second quarter earnings expectations, and elevated valuations acted as headwinds for the market during the week as benchmark indices ended in the red. But, even in a muted market, 42 smallcap stocks have delivered double-digit weekly returns with five of them offering over 25% returns.

restaurant. «And even that could be avoided by showing up early in the morning.» But those days are a distant memory. Across major metros like Bengaluru, Mumbai, and Delhi, a new wave of experiential dining has emerged, creating a storm of exclusivity and FOMO or the fear of missing out. With limited seating, these restaurants have naturally cultivated a «book early or miss out» culture that appeals to diners craving unique culinary escapades. For many, the challenge of securing a reservation only heightens the allure.

Micro and Small Enterprises (CGTMSE) marked a significant milestone by hosting a felicitation of MLIs and MSE Beneficiaries on approving 1 crore guarantees. The event was held at SIDBI Swavalamban Bhavan in the presence of Manoj Mittal, Chairman & Managing Director, SIDBI & Chairman of CGTMSE, Sudatta Mandal, DMD, SIDBI, Manish Sinha, CEO CGTMSE along with guests from State Bank of India, HDFC Bank and Union Bank. The occasion celebrated the achievements of CGTMSE’s commitment to fostering financial inclusion and empowering small businesses. The occasion was graced by the Chairman who felicitated the three Micro and Small Enterprises (MSE) borrowers — Gauri Deepak Samudre proprietor of UNIQUE DIGITAL PRINTING, Meet Yogesh Sanghvi, promoter of KEMKO TITANIUM PRIVATE LIMITED and MVGS Anil Kumar, CFO of HIGHNESS MICROELECTRONICS PVT LTD. These borrowers were supported by three leading Member Lending Institutions (MLIs) — Union Bank, State Bank of India and HDFC Bank respectively, whose contributions were instrumental in making this accomplishment possible. Speaking at the event, Mittal emphasized the transformative impact of credit guarantees on the MSE ecosystem, enabling businesses to access funding without collateral, third party guarantee and achieve sustainable growth. Anindya Sunder Paul, CGM, State Bank of India, Sanjay D'Souza, Group Head, HDFC Bank and G K Sudhakar, Rao, GM MSME, Union Bank also shared insights on strengthening the MSE sector and nurturing entrepreneurship through collaborative efforts.

stocks rallied as much as 15% in Mumbai trading on Monday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Siddha Ventures Ltd.(20.00%), Shri Gang Industries(19.99%), Jindal Poly Investm(19.99%), James Warren Tea(19.99%), Multibase India(19.99%), Tokyo Finance(19.98%), Laffans Petro(19.98%), Sumedha Fiscal(19.88%), Purple Entertainment(19.20%) and Garware Tech(18.71%).

Sayedpura area of Surat, six people pelted stones at a Ganesh Pandal and all of them were arrested. The Minister said that police have also arrested the other 27 people who were involved in encouraging such an incident. Speaking to ANI, Harsh Sanghvi said, «In the Sayedpura area of Surat, 6 people pelted stone on the Ganesh Pandal...All these 6 people were arrested and the police have also arrested the other 27 people who were involved in encouraging such an incident… The investigation is underway. Police are deployed in all the areas of Surat. Those who will breach the peace in the state, action will be taken against them.»

Nari Hira, the founder and editor of Stardust Magazine, passed away on August 23 at age 86. Known as a significant figure in the Indian media industry, Hira pioneered in publishing popular magazines and ventured into film production, leaving a lasting impact on the media landscape. Hira's family expressed their deep sorrow in a statement, «It is with deep sorrow that we share the news of his passing, a pioneer in print media, a family man and father beyond compare, he leaves us behind heartbroken in his absence.» Born in 1938 in modern-day Karachi, Hira and his family moved to Mumbai following the partition in 1947. He started his career as a journalist in the 1960s but shifted focus to publishing, where he earned the moniker 'King of Indian Magazines.'

Amidst the heated debate, Vatsal Sanghvi, founder of 1811 Labs, a Bengaluru-based startup focusing on GenAI SaaS products, stepped forward to defend Cognizant's position. He stated that the salary should be considered a «training stipend» rather than a full-fledged salary, citing concerns over the quality of fresh graduates entering the workforce. “The quality of freshers is often so bad that even Rs 20k per month is overspending. Most don’t know how to communicate professionally, can’t code properly, and don’t know how to behave in a professional environment,” Sanghvi shared on X (formerly Twitter). He emphasized that the market is open, and those who believe the compensation is inadequate are free to seek opportunities elsewhere. “It is an open market—don’t apply if you don’t think it’s fair. Unlike other gigs, there’s plenty of opportunity to grow if these individuals focus on building skill,” he added.

startup ElectricPe has raised USD 3 million (about Rs 25 crore) in a funding round led by Green Frontier Capital. The funding round saw participation from existing lead investors Blume Ventures, Micelio Fund and NB Ventures.

Prashant Kishor is sticking to his poll forecast with about 24 hours left for the exit polls. The weeks long voting process for the Lok Sabha elections gets over tomorrow. The final phase of the seven phase Lok Sabha election will be finished tomorrow with polling in 57 parliamentary seats across seven states and the Union territory of Chandigarh. After the final phase of voting ends all eyes will be on exit polls. The news channels are allowed to air exit polls from 6:30 pm tomorrow. Speaking with Vir Sanghvi at The Print, Prashant Kishor said that he expects Modi-led BJP to get same number of seats it bagged in 2019 elections or may perform even better. «To my mind, BJP is going to come back with similar or slightly better majority. In my assessment, in west and northern India, I don't see BJP taking a material hit in terms of seat,» he said. BJP had bagged 303 seats in 2019 Lok Sabha polls, with bulk of seats from northern and western India. Prashant Kishor said the he does not foresee BJP losing that many seats from north and west India and the BJP has got «adequate cover from east and southern India.'

SIT set up to probe the Rajkot game zone fire that killed 27 said on Wednesday that they have been given the go-ahead to question even senior IAS and IPS officials if the probe warranted. In a related development, the Rajkot collector said that the DNA samples of all the victims have been matched with their relatives. The Special Investigation Team chief Subhash Trivedi spoke to the media after Gujarat Minister of State for Home Harsh Sanghavi met the SIT members in Gandhinagar and reviewed the progress in the probe. «We have been instructed to probe the roles of officers associated with Rajkot Municipal Corporation, fire department, police and power utility firm and take stern action if they are found guilty,» said Trivedi.

TRP Game Zone on Nana Mauva Road in Rajkot on Saturday, claiming the lives of at least 27 individuals, including nine young children. The victims were tragically burned to death in the inferno. According to DCP Parthrajsinh Gohil, the death toll has reached 27, while search and rescue efforts continue at the scene. The fire, which started around 6 pm, caused chaos as some managed to escape while others were trapped by collapsing temporary structures. Sources said at least 300 people were present in the game zone due to summer vacation and weekend. Ilesh Kher, the chief fire officer of Rajkot, said, «A temporary structure collapsed near the entrance, making it difficult for the people to rush outside the dome. This also created hurdles in firefighting.» Although a short circuit is commonly thought to have initiated the fire, officials from the fire department have indicated that the precise cause will only be determined after a thorough investigation has been conducted.

Rajkot Fire LIVE Updates: As many as 27 people have been killed in the Rajkot gaming room fire incident on Saturday. The fire broke out at a gaming zone in Rajkot, Gujarat, at around 4.30 pm on May 25, resulting in the loss of lives, including children.

Rajkot Fire: The death toll in the Rajkot gaming room fire has risen to 27, as per an ANI report. The fire broke out at a gaming zone in Rajkot, Gujarat, at around 4.30 pm on May 25, resulting in the loss of lives, including children.Gujarat Home Minister Harsh Sanghvi, who visited the site early on May 26, told ANI that an SIT investigation has been initiated in the matter, and "all investigations will begin today".

Mint. Industry watchers, however, feel the group needs to execute a big winning strategy or have a big pull brand to become successful and eventually list. The company is aiming to hit three times its last reported numbers by Diwali 2025.

₹250 crore over the past three years for its international expansion, including its partnership with Williams. “We anticipate the international business will account for 25-35% of our total group revenues by the end of next year. This focus on international expansion is pivotal as we prepare for our IPO in October 2025." "This expansion is a key factor that will add significant interest for our IPO.

Good Glamm Group has formed a joint venture with former tennis player turned entrepreneur Serena Williams to launch her cosmetics brand 'Wyn Beauty by Serena Williams' in the US market. The entity, SW-Sanghvi Beauty USA Inc., which has board representation from both Williams’ team as well as the Mumbai-based The Good Glamm Group, owns Wyn Beauty and other related trademarks for the brand.

Good Glamm Group, a leading direct-to-consumer (DTC) beauty and personal care company, has appointed Kamal Lath as its group chief financial officer. A Harvard Business School alumnus, Lath has over 23 years of experience across diverse industries and global exposure with expertise in finance, strategy, and leadership to his new role, the company said in a press release on Thursday. As group CFO, Lath will play “a pivotal role in shaping the company's next phase of growth”, it said.

Silicon Valley’s biggest tech companies. While Sanghvi is known for being the first woman engineer at Facebook, Agarwal was chief technology officer at file-sharing company Dropbox till 2018. Sanghvi went on to launch South Park Commons (SPC), named after a San Francisco neighbourhood, in 2016 as a collective of engineers, founders and researchers. Since then, SPC has grown from being a learning group to a platform that has raised two funds to back entrepreneurs with very early stage ideas. Having expanded to New York, SPC is now eyeing India even as it is in the process of launching its third fund. Sanghvi and Agarwal spoke to Samidha Sharma and detailed their plans for India with Flipkart cofounder Binny Bansal. Edited excerpts:

Harsh Jain and Haptik CEO Aakrit Vaish to chair its eight-member governing council in its inaugural elections starting from April 1 for a two-year term. Other members of the newly elected governing council include Vishal Gondal, cofounder and CEO of GOQii; Dhruvil Sanghvi, founder and CEO of LogiNext; Akanksha Hazari, founder and CEO of LoveLocal; Mayank Kumar, cofounder and MD of upGrad; Naiyya Saggi, cofounder of The Good Glamm Group; and Vivek Khemani, cofounder of Quantiphi.

Congress has fielded Akshay Bam, a newbie in the poll arena from Indore Lok Sabha constituency, an unbreached BJP citadel for 35 years, against sitting MP Shankar Lalwani, who had won the 2019 contest by a huge margin of over 5.47 lakh votes. Bam (45), a businessman from the Jain community, has to shoulder a big responsibility of keeping the Congress cadre motivated in view of three former MLAs and several workers of the party joining the ruling BJP ahead of the Lok Sabha elections. Prominent among Congress defectors are Pankaj Sanghvi, Sanjay Shukla, and Vishal Patel. He faces sitting BJP MP Shankar Lalwani, 62, who had won the last contest against his Congress challenger Pankaj Sanghvi by possibly the highest vote margin in Madhya Pradesh.

Jaya Bachchan, the wife of Bollywood’s ‘Living Legend’ Amitabh Bachchan aka Big B, has gone viral, as news of the superstar’s hospitalisation started doing the rounds on the Internet. The ‘Guddie’ actress recently appeared in an episode of ‘What The Hell Navya’, a podcast hosted by her granddaughter Navya Naveli Nanda. In a rare candid moment, the yesteryear diva admitted that she and Big B had hit a rough patch in the early ‘90s. She emphasised the importance of supporting your loved ones when they face setbacks. “We went through different kinds of failures in different phases of my life. When a man is going through a tough phase, it’s nice to just be there and be quiet for them. It’s nice to be silently standing there and saying listen I am here for you,” said the ‘Kabhie Khushi Kabhi Gham’ actress. Her daughter, Shweta had different ideas. “No, Mumma! I don’t agree. Sometimes all a man needs is some idea which then they can work on. I would like to play a more proactive role and look for a solution because I’m a problem solver..” she said.