Mumbai News

Oct 23, 2019, 08.38 AM IST
Stock Analysis, IPO, Mutual Funds, Bonds & More

It's fake news: Netflix denies any meeting with RSS representatives

There were reports that the RSS have been holding informal meetings with Netflix, Amazon and other digital platforms to monitor content critical of the government.

No stay on Mumbai metro car shed project in Aarey Colony but status quo on felling of trees: SC

Protests began in September when Mumbai Metro Rail’s plan to cut around 2,700 trees in Aarey Colony became public knowledge. The MMRC succeeded in chopping down 2,141 of the permitted 2,185 tree to make space for a car depot for the Colaba-Bandra-Seepz Metro.

Infosys tanks 16% on whistleblower blow as investors vote with their feet

This was the 16th time the stock has tanked in double-digit in a single day since January 2000.

PayU eyes MobiKwik’s payment gateway

MobiKwik is fighting a broader battle against deep-pocketed rivals such as Paytm, PhonePe and GPay.

Stocks in the news: RIL, DHFL, Cipla, Bajaj Consumer, ZEEL and Indiabulls Housing

The USFDA has red-flagged Torrent Pharmaceuticals for significant violations of CGMP.

'War' becomes first film to enter Rs 300 cr-club this year

​​The film marched past Rs 300 cr-mark in 19 days after its release.

Stocks in the news: DHFL, Indiabulls Housing, ZEEL, PVR and Mindtree

South Indian Bank, TVS Motor, PVR, DHFL and ZEEL will announce their Q2 results today.

Stocks in the news: Wipro, Bajaj Consumer, Can Fin Homes, BPCL and Omaxe

SBI Life Insurance Company reported a 48.7% fall in the net profit for the quarter ended September.

In more bad news,Q1 commercial credit dips by 2.6%: Sidbi data

According to the report, overall the commercial credit stood at Rs 63.80 lakh crore as of June 2019 as against Rs 65.52 lakh crore in March 2019 and is up 10.4 percent compared to Rs 57.81 lakh crore as of June 2018.

Why strong monsoon rains are not necessarily good news for Indian farmers

While rain would normally cheer the agricultural heartland, monsoon was erratic and has left crops damaged.

Congratulations, Dada! Amul honours new BCCI boss with a colourful tweet

Ganguly is set to become the BCCI President on October 23 in Mumbai.

Bad news for Air India fliers: Oil cos to discontinue fuel supply at 6 airports from Friday

The oil companies have said that they will discontinue fuel supplies to Air India from tomorrow.

Don't cut anymore trees, says SC on Mumbai's Aarey

The apex court has set October 21 as the next date of hearing in the case. It has also asked the Union Environment ministry to be made a party to the case.

Stocks in the news: YES Bank, HDIL, Manpasand Beverages, Adani Green and NMDC

The company has filed a police complaint regarding hostile takeover.

YES Bank files complaint with police, seeking origin of fake news and to assess short-sell positions

Some miscreants have been spreading false information and malicious rumors about YES Bank on WhatsApp.

Oracle co-CEO Mark Hurd wanted India data centre, it arrived

Three years back, late CEO Mark Vincent Hurd's wish to open a data centre and fulfill India's data compliance & regulatory requirements has finally happened when Oracle opened its Gen 2 Mumbai data centre this month.

Pakistan expects to avert FATF blacklisting with China's help

Even as Financial Action Task Force's APG on Money Laundering issued a critical report on progress made by Islamabad, it expects to escape blacklisting with Chinese help. Pakistan fully complied with only one recommendation out of 40 issued.

‘A Bengali has done the nation proud’: Mamata Banerjee and Amartya Sen celebrate Abhijit Banerjee’s Nobel victory

The Bengal CM was one of the first ones to fete the half-Bengali, half-Konkani economist.

Non-bank lenders engage with DHFL creditors’ panel to find a resolution

Banks have yet to finalise a resolution plan for the mortgage lender.

Stocks in the news: ZEEL, Thomas Cook, CG Power, HDFC and Aurobindo Pharma

CCI has approved the restructuring of Apollo Hospitals Enterprise's pharmacy business

Adani Gas may not ride high despite Total deal

The shares of the company are already trading at steep multiples, leaving no room for major upsides.

Stocks in the news: YES Bank, Jet Airways, M&M, HDIL, Axis Bank and Gati

Allcargo is in the final round of talks to pick up a controlling stake in Gati.

INS multi-role chopper project assumes urgency, after China displays Z-20

India will need to speed up the process to acquire Naval Multi-Role Helicopters for its Navy to deal with security challenges in the Indian Ocean Region, especially since China displayed its indigenously developed Z-20 choppers earlier this October.

Pakistan must prosecute top LeT operatives along with its leader Hafiz Saeed: US

Alice Wells, head of the US state department's South and Central Asian bureau, also welcomed the arrest of the top four leaders of Lashkar-e-Taiba /Jamaat-ud-Dawah in Pakistan.

Allow consumers to select, modify channels on TRAI app: regulator to cable, DTH firms

The Telecom Regulatory Authority of India (Trai) has asked cable and satellite TV providers to allow consumers to access and modify their subscription plans via Trai app.

Stocks in the news: YES Bank, IIFL Securities, Axis Bank, NMDC and JSW Steel

Shares of IIFL Securities will get listed and admitted to dealings on BSE today in the 'T' Group category.

Stocks in the news: ZEEL, IIFL Wealth, RNAM, Axis Bank, Nalco and Bharti Airtel

Reliance Capital said no pledged shares of RNAM have been invoked by any lender.

Stocks in the news: DHFL, Sunteck Realty, CG Power, Bajaj Finance and Coffee Day

Bajaj Finance said it will raise up to Rs 8,500 crore through qualified institutional placement.

Drone delivery: A look at the current regulations across globe

Should drones be allowed for deliveries? That’s the question being asked by governments around the world even as many cos are engaged in field tests.

Stocks in the news: Sun Pharma, DHFL, Equitas Holdings, SBI and Varun Beverages

RBI has taken action against Equitas Small Finance Bank for failing to meet deadline for getting shares listed.

Stocks in the news: DLF, Andhra Bank, SBI, DHFL, PNB, Equitas Holdings Unitech

Warburg Pincus is likely to buy another 20.5 per cent stake in IndiaFirst Life Insurance.

YES Bank rallies 9% as PE firms eye stake

YES has lodged a complaint with Mumbai police against the dissemination of fake news.

Aurobindo rebounds after analysts’ all-clear

Bloomberg consensus ratings data shows that 30 analysts have a buy rating on the stock and 6 analysts have a hold rating.

Indrani Mukerjea dubs Chidambaram's arrest as 'good news'

Indrani Mukerjea and her husband Peter Mukerjea are former promoters of the INX Media Group.

Samsung heir in India to discuss mobile business: Sources

Industry sources speculated that Lee could hold a meeting with Reliance Industries Chairman Mukesh Ambani during his the visit.

How Ex-PMC Bank chairman Waryam Singh used his "channels" to build the Wadhawan empire

Waryam Singh wielded enormous media power to enhance HDIL's business prospects.

Stocks sink the most in a year on flood of bad news

The Sensex crashed 770 points, or 2.06 per cent, its biggest single-day fall in 11 months.

Stocks in the news: YES Bank, Lupin, Wipro, PNB Housing and Reliance Capital

Lupin has signed an agreement with Boehringer to develop a new drug for cancer patients.

'Pakistan propaganda machine peddling fake news on Jammu & Kashmir situation'

Special Inspector General of Police (IGP), Maharashtra Cyber Police, Brijesh Singh, also said some verified accounts in Pakistan are sharing such fake content to fan passions.

So happy to be returning to India: Katy Perry announces debut Mumbai performance

The singer will perform in the city in November as part of the OnePlus Music Festival.

Samsung heir likely to make investment announcement in India

​​Samsung is one of the key supplier to the country's largest telecom operator Reliance Jio and is very keen to get involved in 5G business. ​

Squables between Shiv Sena, BJP not a recent phenomenon: Aaditya Thackeray

Aaditya also sheds light on what are his plans for his assembly constituency Worli if he wins.

Insiders went short on RBL after CCD chief’s news

On that day, RBL shares dipped 12 per cent — a fall that stunned many investors.

All about the new wave of techpreneurs

Their exposure in startup scene and operational credibility have made them darlings of venture capital firms

Why a third of the world’s consumers have suddenly stopped buying

Retail gloom deepens in India and China, home to 2.8 billion people, or a third of the world’s consumers.

Puravankara forays into co-living space; to develop first project in Mumbai

The Bengaluru-based company has identified a project in Goregaon, Mumbai to enter into this growing segment, its MD Ashish R Puravankara said.

Stocks in the news: DHFL, IPCA Labs, Jet Airways, HDFC and Alkem Labs

DHFL proposed a 35 per cent haircut to all lenders as part of its resolution plan.

The biggest lessons for India from the PMC Bank fiasco

HDIL’s hijacking of PMC is just the latest in the subversion of co-op banks by the influential & crooked.

This LOC too is causing anguish, of a different kind

Most LOCs are only too real as a number of businessmen have been discovering to their discomfort.

No need to panic, Indian banking system safe: RBI

Bank stocks lost heavily on both the Sensex and Nifty indices on Tuesday over concerns regarding stress in the financial system.

Stocks in the news: BoB, HDIL, Aditya Birla Capital, Varun Beverages and MCX

The Union cabinet has approved a Rs 9,300 crore capital infusion in IDBI Bank.

RBI study: Over 50% of Indians feel job scene is getting worse

On the overall economic situation, almost half (47.9%) of the households surveyed felt it had worsened.

Unplanned growth behind flooding woes, correcting 'legacy issue' with smart city plan: Prakash Javadekar

According to official data, nearly 1,900 people lost their lives and another 46 were reported missing this monsoon season in rains and floods that affected more than 25 lakh people in 22 states.

Yes Bank CEO refutes ‘irresponsible’ talk about liquidity, asset quality

The bank will now seek necessary shareholders’ consent and to raise capital.

IndusInd to further reduce exposure to Anil Ambani's embattled Reliance group

The private sector lender said that it had a combined exposure to three debt-laden companies: Zee, DHFL and Anil Ambani led Reliance of about Rs.2100 crore or 1.1 percent of the loan book.

Stocks in the news: HDFC, YES Bank, Gruh Finance, PNC Infratech, Hindalco and Adani Green

Infrastructure company PNC Infratech said it has bagged a Rs 1,062-crore highway project.

PMC crisis: This tiny bank in Maharashtra is a canary in India’s coalmine

How did PMC’s board, its auditors and the central bank remain clueless for so long?

Only 20% of our balance sheet has real estate exposure: Rashesh Shah

I am more optimistic now than maybe I was three months ago, says Edelweiss chairman.

Complainant in MSCB Case, Surinder Mohan Arora hogs limelight

Arora got just 0.13% of the votes polled. While that did not make news, he is at the centre of media and public attention now.

Stocks in the news: Mahanagar Gas, DHFL, Sterling & Wilson Solar, ZEEL and KEC International

Subhash Chandra’s Essel Group will repay about Rs 2,600 crore to mutual funds.

Stocks in the news: YES Bank, Coffee Day, DHFL, IB Housing and Hindalco

Uco Bank has approached the Life Insurance Corporation of India (LIC) to acquire up to 15 per cent stake in it.

View: It's time to reform India's cooperative banks

Banks of all kinds have been hit by frauds. But the UCBs are the odd man out. They are nobody’s child.

Rains in Mumbai Live news: Financial capital paralysed, Maharashtra government declares holiday

Long-distance trains from different parts of India, expected to reach Mumbai, have also been stranded at various locations due to incessant rains.

Photo app Snap opens first office in India in Mumbai, plans to build local team

Snap’s local team in India will focus on expanding strategic partnerships, building an engaged community of creators and users and servicing local advertisers.

RBI set to cut rates. Question is by how much?

RBI has lowered borrowing costs to a nine-year low of 5.4% through 110 basis points easing so far in 2019.

Good news for PUBG fans: Lighter version of app launched for Indian users

PUBG Mobile Lite is designed to be compatible with more devices.

NAVs of PGIM India debt funds rise as much as 52%

The net asset value (NAV) of some debt funds of PGIM India Mutual Fund earlier this month fell by as much as 30 per cent in a day .

RBI allows PMC Bank customers to withdraw up to Rs 10,000

Expects move will let more than 60% of depositors take out their entire balance.

Want to stay safe? Sticking to IT is still a good idea: Gautam Trivedi, Nepean Capital

We have stayed away from metals and oil & gas space as we avoid cyclicals, says Gautam Trivedi.

NCP leader Ajit Pawar quits as MLA ahead of Assembly elections

The Speaker said Ajit Pawar did not disclose the reason while tendering the resignation.

Thomas Cook collapse hits shares of Indian company it once owned

Thomas Cook India resorted to a communication blitz to clarify that the U.K. firm exited it 7 yrs ago.

Brands increasingly use social media-only approach in media campaigns, experts divided over results

While some believe in the power of multi-media and multiple touch points, other advertisers and marketers say the focus is on getting more eyeballs on social media platforms.

U2 in the house: Irish band to hold first-ever show in India on Dec 15, and fans can't keep calm

The rock band will close 'The Joshua Tree Tour 2019' in Mumbai.

Film-maker Shyam Ramsay passes away at 67

One of the seven Ramsay brothers, he was known for films including 'Bandh Darwaza', 'Veerana'​.​

Game on as etailers take the field to keep users engaged

Amazon has introduced games and contests to make customers engage with the platform better.

How a single account pulled down 35-year-old PMC bank

RBI yesterday put a slew of restrictions on PMC Bank for six months citing several regulatory lapses.

Bond traders in India caught out by surprise fiscal flip flop

The benchmark 10-year yield was steady at 6.79 per cent after dropping four basis points earlier.

Altico crisis: HDFC Bank's Aditya Puri defends en-cashing FD

Altico, which owes over Rs 4,500 crore to the system, had defaulted on an interest payment of around Rs 20 crore earlier this month to an ECB raised through the UAE lender Masherq Bank.

Lok Sabha Elections news: Mukesh Ambani and family cast their votes in Mumbai

Mumbai: Reliance Industries Chairman Mukesh Ambani and his family cast their votes at a polling booth at Villa Theresa High School on Peddar Road in Mumbai. Mukesh Ambani has raised eyebrows by backing the opposition Congress candidate in his Mumbai constituency, although the BJP is not standing in that seat. Ambani has regularly spoken in support of Modi's BJP government and the Reliance Industries tycoon's son, Anant Ambani, attended a recent Modi rally.Lok Sabha Elections news: Mukesh Ambani and family cast their votes in Mumbai

Realtors slash ad spends by over 50% as sales plunge

According to advertising industry experts, the real estate sector has massively reduced their ad spends on TV and print media.

'Apna Time Aagaya'? 'Gully Boy' is India's official entry for Oscars 2020

The Film Federation of India jury decided to send the Zoya Akhtar-directorial for Oscars.

Rupee rallies 40 paise on corporate tax cut

On a weekly basis, the Indian rupee lost 2 paise.

Student housing, retirement homes, co-living new realty growth drivers: Deepak Parekh

Real estate will do well with "right developers, right pricing & right unit size", thinks Deepak Parekh.

Axis prices QIP; offer opens today

The offer is likely to be opened for subscription on Friday.

ED case against Sharad Pawar has galvanised NCP ahead of polls: Shiv Sena leader Sanjay Raut

ED earlier this week filed the money-laundering case against Pawar, his nephew Ajit Pawar, and others in connection with alleged scam in the Maharashtra State Co- operative Bank.

How social media influencers in the 6-12 age group are dealing with the pitfalls of internet fame

73% of kids consuming digital content ask parents to buy something because a kid influencer had it.

Stocks in the news: YES Bank, ZEEL, DHFL, HUL, L&T, Bosch, NIIT Tech and Kotak Mahindra Bank

Bosch has announced five days of production cut at its plant in Tamil Nadu.

Yes Bank up 13.5% on talk of promoter stake sale

Reports suggested that Kapoor was in talks with Paytm founder Vijay Shekhar Sharma, which may be at a personal level.

Apollo Hospitals eyes smaller acquisitions of up to Rs 300 crore

The company also hinted at going slow on investments from here, saying extracting benefits from past bets will be the focus now through margin expansion.

Traders add huge intraday longs in crude futures

On Friday, top 10 clients on the short side cumulatively held a whopping 13.7 lakh barrels.

Election news: Shah Rukh Khan along with wife Gauri casts his vote in Mumbai

Bollywood superstar 'King Khan' Shah Rukh Khan cast his vote from Mumbai North Central constituency accompanied by his wife Gauri Khan and his youngest son AbRam.Election news: Shah Rukh Khan along with wife Gauri casts his vote in Mumbai

40% election-related news items in April were biased: Report

The study, which covered 1.68 lakh election-related news items in various media outlets in April, has found that 50,000 pieces or 40 percent of them, were "biased".

Election News LS 2019: Sachin Tendulkar casts his vote in Mumbai with family

Mumbai: Sachin Tendulkar, his wife Anjali Tendulkar, daughter Sara Tendulkar, and son Arjun Tendulkar after casting their vote at polling center number 203 in Bandra. Sara Tendulkar and Arjun Tendulkar are first time voters. Election News LS 2019: Sachin Tendulkar casts his vote in Mumbai with family

Stocks in the news: SBI Life, Emami, Axis Bank, Piramal Enterprises and Mindtree

IIFL has downgraded Dr Reddy's to add from buy with a target price of Rs 2,700.

Myleeta Aga to join Netflix as head of content for Southeast Asia, Australia

Aga comes with over 25 years of experience across TV, radio and digital media.

These are the 20 richest people in the automotive industry

Some in this list are prominent, like Elon Musk. Others are not so much so, like Pallonji Mistry.

Stocks in the news: Eveready, Maruti, YES Bank, Adani Power, DHFL and Jet Airways

DHFL has sold one of its crucial commercial properties DHFL House in the Andheri suburb of Mumbai.

Stocks in the news: YES Bank, ICRA, Cox & Kings, DHFL, Sadbhav Infra, RCom and JSPL

JSW Energy announced the termination of a Rs 6,500-crore deal with JSPL.

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