Mumbai Financial News

SpiceJet for 19% stake in the company. Aries Opportunities Fund will hold 3% while Elara Capital will hold 8%, after conversion of warrants, according to a detailed funding proposal reviewed by ET. Last week, the cash-strapped airline announced that it got a lifeline as a clutch of funds and high net worth individuals will invest Rs 2,254 crore through the issue of up to 130 million convertible warrants and 320.8 million fresh equity shares. Promoter Ajay Singh’s current shareholding in the airline will reduce from 56.49% to at least 38.55 % once the shareholders approve the issuance of equity and warrants.

IPL auction 2024: The management of Mumbai Indians faced a lot of backlash for their decision to replace Rohit Sharma with Hardik Pandya as the skipper of the IPL team. After the decision, social media was abuzz with rumors about Mumbai Indians planning to trade Rohit Sharma and some other crucial players of the franchise. While speaking with Cricbuzz, the officials of Mumbai Indians denied all such claims and called the reports completely “false".

Sajjan Jindal on Sunday issued a statement responding to the Mumbai police FIR in alleged rape case, reported ET NOW. He has called the allegations “false and baseless” adding that he is committed to providing full cooperation throughout the investigation.

Rohit Sharma as captain of Mumbai Indians continues to make buzz on social media. On Friday, Hardik Pandya was named Mumbai Indians captain, replacing highly-successful Rohit Sharma, who led the IPL giants to five trophies, a feat only equalled by MS Dhoni-led CSK. Though Rohit Sharma has not reacted yet, his wife Ritika Sajdeh has responded to a social media post from Chennai Super Kings. Ritika Sajdeh reacted with a yellow-coloured heart sign to CSK's Instagram post of «2013 — 2023: A decade of spirited challenge! Much respect, Rohit!». Yellow is a jersey colour of Chennai Super Kings. Ace cricket commentator Harsha Bhogle in a post on X said that the move to name Hardik Pandya captain of Mumbai Indians was expected after the Pandya in November moved from Gujarat Titans (GT) to his former franchise Mumbai Indians (MI) in a trade between both franchises. Hardik had led GT to title win in their debut iin 2022 while it finished runners-up in their second season.

Premier League 2024, reports arrived on 16 December that Delhi Capitals had approached MI to trade Rohit Sharma ahead of the IPL 2024 season. According to a report by CricTracker, which cited Sports Today, the Delhi Capitals are looking for a senior player to lead their side in the upcoming season, as their regular captain Rishabh Pant was supposed to play as an Impact Player. Amid the MI rejected the offer by DC, Pant will have to lead the squad, which is returning after a brutal car accident.

Mumbai Indians to victory in 5 seasons during his 10 years of captaincy. MS Dhoni equalized the number of crowns after winning IPL 2023 but the the CSK skipper has been leading the franchise for 12 years.

Hardik Pandya is set to take over the captaincy of the Mumbai Indians in the upcoming Indian Premier League (IPL) 2024 season, succeeding the team's longest-serving captain, Rohit Sharma. Calling it a part of legacy building and staying true to the MI philosophy of being future-ready, Mahela Jayawardene, Global Head of Performance, MI said, «Mumbai Indians have always been blessed with exceptional leadership right from Sachin to Harbhajan and Ricky to Rohit, who while contributing to the immediate success have always had an eye on strengthening the team for the future. It is in keeping with this philosophy that Hardik Pandya will assume captaincy of Mumbai Indians for the IPL 2024 season.» «We express our gratitude to Rohit Sharma for his exceptional leadership; his tenure as the captain of the Mumbai Indians since 2013 has been nothing short of extraordinary.

Central Bureau of Investigation (CBI) has submitted a list of 23 witnesses it would not be examining against former media executive Indrani Mukerjea and other accused in connection with the killing of her daughter Sheena Bora. The agency in the list, submitted to a special CBI court here on Thursday, that includes Mumbai's former police commissioner Rakesh Maria and other police officials said they would not be examined in the trial as they were «unrelied witnesses». Indrani and her two former husbands — Peter Mukerjea and Sanjeev Khanna — are accused of being involved in the killing of Sheena Bora, Indrani's daughter from her first relation.

air quality index (AQI) in Mumbai has improved but continues to be moderate and not satisfactory, the Bombay High Court said on Monday, while asking the Maharashtra government to come up with a comprehensive plan to find a final solution to the issue. A division bench of Chief Justice D K Upadhyaya and Justice G S Kulkarni asked the government to take the issue seriously, as lakhs of people continue to suffer because of the air pollution in the city.

₹2 crores, news agency ANI has reported. As per the report, incident happened on 8 December and has been sent to 14 days of Judicial Custody. As per The Free Press Journal report, the woman was to get an amount of ₹50,000 for delivering the heroin.

Marine Drive to Worli, will be operational by the end of January 2024, said Maharashtra Chief Minister Eknath Shinde on Saturday. Speaking at an event here, Shinde called Maharashtra a growth engine which has the most number of infrastructure projects in the country.

exercise, which is conducted every six months, was held on the R12A (Ratna) Platform of Oil & Natural Gas Corporation (ONGC) around 83 km away from Mumbai harbour. The 'Prasthan' is conducted to validate measures and procedures to address various contingencies that may arise in the oil production platforms and was held in two phases on Friday.

WPL auctions 2024: The defending champions Mumbai Indians on Saturday made some smart bets in the WPL auction 2024. Mumbai Indians went in the auctions with ₹2.1 crores and they could add a maximum of 5 slots with this money. The team first engaged in a bidding war with Delhi Capitals for Australia's Annabel Sutherland, who eventually went to DC for ₹2 crore.

Vir Das, who recently won the prestigious International Emmy Award for Comedy for his standup special 'Vir Das: Landing', celebrated his victory by hosting a party in Mumbai. The event saw the presence of several celebrities, including Soni Razdan and her daughter Shaheen Bhatt, Nushrratt Bharuccha, Shriya Pilgaonkar, and Kunal Kemmu. Vir Das and his wife Shivani Mathur organized the party on Thursday night, where everyone came together to congratulate and celebrate his remarkable achievement.

Mahaparinirvan Din’ that is 67th death anniversary of Dr BR Ambedkar. Visitors in large numbers visited Chaitya Bhoomi in Dadar from Monday to Thursday to pay homage to Dr Ambedkar. of Mahaparinirvan Diwas.

MUMBAI : The Securities Appellate Tribunal has quashed the market regulator’s 2021 order against Reliance Industries Ltd managing director Mukesh Ambani, Navi Mumbai SEZ, and Mumbai SEZ in a case related to alleged manipulative trades in Reliance Petroleum Ltd shares. In January 2021, the Securities and Exchange Board of India imposed a penalty of Rs25 crore on Reliance Industries and Rs15 crore on Ambani. It had also asked Navi Mumbai SEZ to pay a penalty of Rs20 crore.

ED) has registered a case of money laundering concerning the alleged fraud in setting up oxygen plants in hospitals during the COVID-19 pandemic, police said on Saturday. The police's economic offences wing (EOW) had on November 24 arrested contractor Romil Chheda of M/s Highway Construction Company for allegedly causing the Brihanmumbai Municipal Corporation (BMC) a loss of Rs 6 crore, an official said.

Mumbai's real estate sales and registrations recorded their best November in 11 years, as per an assessment by Knight Frank India on Thursday, November 30, 2023. Shishir Baijal, Chairman & Managing Director, Knight Frank India, said, “Following a notable 6.5% YoY increase in prime property prices during Q3 2023, Mumbai is anticipated to witness a 5.5% upsurge in prime residential prices in 2024.

Hinduja Group came under an Income Tax survey on November 29, news agency PTI reported. The survey operation was carried out in the said entities located in Mumbai and some other cities, the report said citing official sources. The income tax survey operation is reportedly part of a tax evasion investigation. Under the income tax law for survey operations, only office premises were covered, reports said. An email sent by PTI to the Hinduja Group did not elicit an immediate response. According to sources cited by PTI, the income tax department action is also connected to provisions of the General Anti-Avoidance Rules (GAAR). Hinduja Group owns IndusInd Bank, Hinduja Leyland Finance and Hinduja Bank (Switzerland). The group is currently diversifying and is readying plans to make forays into new tech, digital and fintech. According to the group, this is part of its new phase of growth.

Mumbai terror attacks. This gathering at Gandhi Hall, India House, was more than a memorial. It was a reaffirmation of India's commitment to combat terrorism.

Weddings are a lavish affair in India- be it a local or a destination wedding, The list of expenses is unending. Well, some are able to conveniently pay for the extravaganza on their own, while others have to opt for a wedding loan to make their D-Day special and memorable. Experts believe that the wedding industry is so expensive that normal people can't afford it. Hence, the demand for wedding loans has increased.