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Mumbai, India's financial powerhouse, is a magnet for real estate investors aiming for high returns. Within this dynamic market, luxury real estate stands out as a particularly lucrative investment. Here’s why putting your money into Mumbai’s luxury properties is a smart move.

The Moneyview Savings Index 2024 reveals current savings and investment patterns in contemporary India. According to the survey, individuals with higher incomes tend to save a larger proportion of their earnings than those with lower incomes.

Purchasing a house is a major accomplishment in an individual's life and it frequently requires significant financial support. One approach to make this process more manageable and beneficial is by considering a joint home loan.

Nifty and Sensex are consistently moving upwards and the bull run is expected to continue as the Lok Sabha election results were well absorbed by the market participants. Considering the past week, Nifty seems to have taken a support near the 23,400 mark while Sensex seems to be resisting the 77,850 level for the last 3 trading sessions as the BSE benchmark Sensex declined 269 points or 0.35% to settle at 77,209 on Friday while Nifty dropped 66 points or 0.28% to end at 23,501.

strategic partners to building a defence innovation bridge under the Critical and Emerging Technology Initiative, the US has said on the partnership's first anniversary. INDUS-X, which stands for enhanced strategic and defence partnership between India and the US, was launched on June 21 last year by the US Department of Defence and the Indian Ministry of Defence during Prime Minister Narendra Modi's state visit to Washington, DC. «In its first year, INDUS-X has advanced both countries' commitment to build a defence innovation bridge under the initiative on Critical and Emerging Technology (iCET),» the Department of Defence said in a press release on Friday. The iCET was launched by Prime Minister Modi and US President Joe Biden on the sidelines of the QUAD summit in Tokyo on May 24, 2022.

Unicommerce Esolutions has tagged Japanese investor SoftBank, which holds a nearly 30% stake in the ecommerce enterprise software developer, as well as Snapdeal cofounders Kunal Bahl and Rohit Bansal as the Gurugram-based company's promoters in an addendum filed to its draft IPO prospectus. The original draft red herring prospectus filed with the Securities and Exchange Board of India had named only AceVector Ltd — the parent company of Snapdeal — as its promoter.

Nikhil Gupta, an Indian national, has been extradited from the Czech Republic to the United States in connection with an alleged foiled plot to murder Khalistan separatist Gurpatwant Singh Pannun. This extradition has brought renewed attention to the case against Gupta, who allegedly hired a hitman at the behest of an Indian government official. The US Department of Justice claims Pannun was targeted for exercising his freedom of speech in America. Gupta has pleaded not guilty. Gupta's extradition was approved by Czech authorities on June 3 but was made public just before the visit of US National Security Advisor Jake Sullivan to India. Sullivan’s visit, primarily aimed at reviewing the Initiative on Critical and Emerging Technology (iCET) with his Indian counterpart Ajit Doval, was overshadowed by the developments in the Gupta case. Czech Justice Minister Pavel Blazek announced the extradition the same day Sullivan landed in India. Subsequently, a group of Democrat senators wrote to Secretary of State Antony Blinken demanding a stronger response to the alleged Indian involvement in the plot. According to the US Department of Justice, Pannun is a dual US-Canadian national and political activist. They assert that «Pannun is an American national and political activist who was targeted for exercising a 'quintessential American right: his freedom of speech.'»

₹537.02 crore, comprising a fresh issue and an offer-for-sale.The Bengaluru-based furniture maker raised over ₹161.10 crore from anchor investors on Thursday ahead of its initial public offering.Stanley Lifestyles is a super-premium and luxury furniture brand in India involved in manufacturing and retail operations.Experts point out that in FY23, it was the fourth-largest revenue-generating player in the home furniture segment in India.Stanley Lifestyles is among the first few Indian companies in the super-premium and luxury furniture segment and one of the few Indian companies present across various price points, such as super-premium, luxury and ultra-luxury segments, through its various brands.Here are ten key points about Stanley Lifestyles and its IPO:A book-built issue of ₹537.02 crores, Stanley Lifestyles IPO combines a fresh issue and an offer-for-sale (OFS) by its promoters and shareholders. It comprises a fresh issue of ₹200 crore and an OFS of 91,33,454 shares, aggregating to ₹337.02 crore.The promoter-selling shareholders under the OFS are Sunil Suresh and Shubha Sunil, who will offload up to 11.82 lakh shares each.

he would “love" to coach the Indian cricket team but has recently remained tight-lipped. However, during an event in Kolkata, Gautam Gambhir said he is “not seeing far ahead" when asked about his future as the Indian coach.Gautam Gambhir said, “I don't see that far ahead. You are grilling me, asking me all tough questions.

Leader of the Opposition? Why wasn't there any Leader of the Opposition in the Lok Sabha since 2014? Why is the Congress likely to get the post? The lies in numbers.The Leader of the Opposition is the Leader of the largest opposition party. The post was not recognised till 1969 when Ram Subhag Singh became the first recognised LoP of the Lok Sabha.The post received statutory recognition through the Salary and Allowances of Leaders of Opposition in Parliament Act, 1977.The Act defines the term ' Leader of the Opposition' as that member of the Lok Sabha or the Rajya Sabha who, for the time being, is the Leader of that House of the party in Opposition to the government having the greatest numerical strength and recognised, as such, by the chairman of the Rajya Sabha or the speaker of the Lok Sabha.Although several political parties may exist in the Opposition, the post of Leader of the Opposition is said to be taken up by the party that secures one-tenth of the total strength of the Lok Sabha.

N Biren Singh on Friday that Manipur is a top priority for the Modi government and that a solution to the ongoing crisis in the state will likely be achieved within the next 2-3 months. Manipur is battling ethnic strife for more than a year now. Talking to media persons in Imphal on Friday, Singh said that violence continues in some areas due to a lack of security personnel, but the situation is improving as security forces which were taken out of the state for general election duties have come back and have been redeployed in vulnerable areas. «Now, the situation will be better,» he added.

Base Dawgz ($DAWGZ) is on the verge of another major milestone, having raised $1.9 million in its presale and rapidly closing in on the $2 million mark in its initial coin offering (ICO).

vulnerability was brought to light by a cybersecurity expert who demonstrated the flaw using flying bats as an example. Notably, these virtual objects would persist in the user’s space even after Safari was closed.Reportedly, Apple has implemented stringent security measures to control what can enter a user’s personal space within Vision Pro.

Jupiter’s non-banking finance company (NBFC) business, housed under a separate entity named Amica Finance Pvt Ltd, has raised Rs 20 crore in its maiden equity funding round from investors, including Peak XV Partners and Matrix Partners. The funding round was led by Peak XV Partners, with an infusion of Rs 5.2 crore, followed by Matrix Partners, with a Rs 4.3 crore investment. Other investors in the round include QED Fund, Greyhound Capital, Tiger Global, Beenext, Mirae Asset Venture Investments, and Global Founders Capital, among others. These investors have also backed Jupiter.

RBI) Deputy Governor S S Mundra on Friday called for an «introspection» among financial regulators. The career central banker, who served as the Deputy Governor of the RBI for three years ending 2017, cited recent instances involving both the RBI and Sebi. «There is a little bit which is there, for which regulators also need to introspect,» Mundra said, while speaking at an event organised by industry lobby grouping Assocham here.

Money Expo Indiawill feature leading Indian stockbrokers such as 5Paisa, Dhan, Fyers, ICICI Securities, and Mprofit, showcasing their groundbreaking broking services that are transforming the market.Money Expo, India's premier stock markets event, returns for its third edition, set to be the largest gathering of traders and investors in Mumbai. Scheduled for August 17-18, 2024, at the Jio World Convention Centre, this year's expo promises to be the largest event of its kind, welcoming over 15,000 attendees from more than 120 companies.This highly anticipated event underscores the importance of Asia as a hub for growth and innovation in the global digital asset ecosystem.

In a London Stock Exchange notice today (21 June), the trust said the gross proceeds from the sales totalled £11.4m – which represented 3.7% of Home's portfolio by value. The proceeds, however, were 7.8% below the draft values set out in August 2023. Since then, the trust completed the sale of 774 properties and exchanged on an additional 205, with gross proceeds of £137m, which in aggregate are in line with the August 2023 draft valuations, Home noted. Home REIT eyes further property sales to repay Scottish Widows loan The latest sales come after Home REIT failed to secure a new l...

Election Commission on Friday said it has initiated preparations for forthcoming assembly elections in Haryana, Maharashtra and Jharkhand with updation of electoral rolls in these states along with that in Jammu and Kashmir. July 1, 2024 will be the qualifying date for roll updation. For the just-held Lok Sabha polls, the voters' list was updated with January 1 as the qualifying date. Qualifying date helps establish number of voters on a given date in a state or in the country. The term of the existing legislative assemblies in the three states are going to end on November 3, November 26 and January 5, 2025 respectively and elections to these legislative assemblies are required to be conducted before the completion of their terms.

The Fantom Foundation, the driving force behind the Fantom decentralized network, has committed to support the launch of Sonic, a new and faster network.

US lawmakers French Hill and Chrissy Houlahan have made a visit to Kuje Prison in Nigeria, where detained Binance executive Tigran Gambaryan is being held.

NEW DELHI:India's pension fund regulator plans to launch a balanced life-cycle fund for people who want more equity allocation in their portfolio in the September quarter, said Deepak Mohanty, chairperson, Pension Fund Regulatory and Development Authority (PFRDA) on Friday.“The fund will be an additional option in the auto choice where equity allocation can be maximum up to 50%, but the tapering would start only after 45 years of age. This will help subscribers accumulate more corpus in their individual retirement fund," Mohanty said on the sidelines of the PFRDA's Annual Felicitation Program for Atal Pension Yojana (APY) in New Delhi.Life-cycle funds are asset-allocation funds in which the share of each asset class is automatically adjusted to lower risk as the desired retirement date approaches.Currently, the National Pension System (NPS) offers two choices—active and auto—to subscribers for creating the pension portfolio.