SPIRIT OF MUMBAI

Hyderabad-based Marri Retail Limited has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO). The IPO, with a face value of ₹2, is a mix of fresh issue of shares aggregating  up to Rs 522 crore and offer-for-sale of 27,000,000 equity shares by promoter - Marri Venkat Reddy. The proceeds from its fresh issuance worth Rs 115.6 crore will be utilised for repayment/ prepayment, in full or part, of all or certain outstanding borrowings availed by the company, Rs 250.5 crore for capital expenditure to be incurred towards opening of 10 new apparel stores, one new apparel store with jewellery SIS (Integrated Retail Store) and two new standalone jewellery stores (the Jewellery Stores), Rs 35.8 crore expenditure for lease/sub lease rent payments for certain of the company's existing stores and warehouse, and general corporate purposes. The company, in consultation with the book-runni...

सक्षम 2025-26 (संरक्षण क्षमता महोत्सव) is an important national program initiated by Government of India for energy security, sustainable development and environment protection of our country. * The ultimate goal of the program is to curb wasteful expenditure on fossil fuel, reduce the growing burden on foreign exchequer and protect the environment from the adverse effect of Green House Gases emanating from burning of fossil fuels. * Ministry of Petroleum & Natural Gas and State Level coordinators of Oil Industry take up various initiatives with the active involvement/support from the concerned State Government to spread mass awareness. * Oil Marketing Companies (OMC's) have been in the forefront to create mass awareness towards conservation of petroleum products, promoting fuel-efficient equipment and helping the government in proposing policies and strategies for petroleum conservation. * With the same earnest सक्षम (संरक्षण क्षमता महोत्सव) 2025-26 will be organized during 1s...

Mumbai, 1st February 2026: Renowned fine jewellery brand Shubham Motiwala & Jewellers marked a significant milestone with the successful opening of its new flagship showroom at Sky City Mall, Borivali (East), Level 1. Spread across 3,000 sq. ft., the new showroom reflects the brand’s steady expansion and evolution over the past 28 years. The inauguration was graced by Padmashri Hema Malini, Member of Parliament, veteran actress, classical Bharatanatyam dancer and cultural icon. Notably, Hema Malini ji had also inaugurated the brand’s Malad showroom in 2013, making today’s opening a meaningful continuation of a long-standing association. The Borivali flagship presents an elevated selection of finely crafted gold and diamond jewellery, reflecting the brand’s commitment to superior craftsmanship and timeless design. Renowned as a pioneer in natural pearl jewellery, Shubham Motiwala continues to set benchmarks in elegance, authenticity, and artisanal excellence. A key highlight of the ...

“The Budget clearly signals continuity of intent on infrastructure and logistics, even if headline capex has not increased sharply. By reiterating the importance of infrastructure, logistics and river-linked transport, it strengthens India’s ability to move goods efficiently and connect manufacturers to coastal and international markets. Over time, this should help ease bottlenecks, lower logistics costs and expand market access for Indian industry.   I am also encouraged by the emphasis on MSMEs and emerging indigenous sectors such as biopharma and food processing. India is a large food producer with the capacity to meet domestic demand while also serving global markets. With the right policy support, this focus can translate into stronger rural incomes and more resilient MSMEs.   On the funding side, while NBFCs already access international markets through bonds and syndicated loans, monetary transmission in India has traditionally been gradual. Rate cuts may not translate i...

“A growth-focused, simplification-heavy budget with strong welfare and infra underpinnings The 2026-27 Union Budget, delivered from Kartavya Bhavan under the guiding principles of the three Kartavyas, delivers a robust, reform-oriented roadmap for Viksit Bharat. It sustains high capex momentum (up to ₹12.2 lakh crore), accelerates manufacturing in frontier sectors (e.g., ISM 2.0 with ₹40,000 crore, BioPharma Shakti at ₹10,000 crore), rejuvenates legacy clusters, champions MSMEs through equity funds and liquidity tweaks, and pushes infrastructure with high-speed rail corridors, waterways, and city economic regions. Specifically for general insurance industry, the compassionate exemption of TDS (and full tax) on Motor Accident Claims Tribunal interest awards stands out as a victim-friendly relief, ensuring faster, untaxed access to compensation for those in distress— a thoughtful step toward ease of living.   A particularly positive move for investors and corporates is the revised ta...

“Budget 2026 sends a clear signal of policy continuity and scale in India’s infrastructure revolution. The Union Budget has taken several measures to expand the infrastructure network and development across the country. The Finance Minister has proposed to raise the capital expenditure target to Rs 12.2 lakh crore for FY27 from Rs 11.2 lakh crore earmarked for the current fiscal. Investments in freight corridors, container manufacturing, urban transport and the announcements related to plans to develop seven high-speed rail corridors connecting key cities in the country will translate into sustained demand for high-quality structural steel. These will give a strong boost to promoting infrastructure development across the country. Also, the announcement related to an allocation of Rs 5,000 crore per City Economic Region (CER) over five years will provide momentum to expand / build new offices, warehouses and industrial parks in urban areas. Additionally, the tax incentives for global da...