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...

Mumbai, 2nd February 2026: World Trade Centre Mumbai and All India Association of Industries welcome the announcement of the conclusion of the long-awaited India–US trade deal, describing it as a significant milestone that strengthens one of the most consequential economic partnerships of the 21st century. The agreement reflects a shared commitment and efforts made by Hon. PM Narendra Modi and US President Donald Trump to deepen trade, investment, and supply-chain cooperation amid evolving global economic dynamics. The surprise announcement of the thaw in trade relationship came late in the evening with US President Donald Trump tweeting about the conclusion of the deal which reduced the reciprocal tariff rate to 18% and removed the 25% of tariff owing to Russian Crude Oil purchases.  Commenting on the development, Dr. Vijay Kalantri, Chairman, World Trade Centre Mumbai and President, All India Association of Industries, stated, “The announcement of the India–US trade deal is a tim...

The summit will pave the way for the state government to highlight its policy initiatives and the potential for sectoral growth to the world   Mumbai, February 3, 2026:  The Government of Maharashtra has announced its partnership with the Global Business Summit 2026 as a key state partner. The summit will offer a platform to highlight Maharashtra’s robust policy framework, strategic initiatives, and investor-friendly ecosystem to global business leaders, policymakers, and institutional investors.   Maharashtra is India’s largest state economy, contributing over 13.6% to the country’s GDP. With a long-term vision of becoming a trillion-dollar economy by 2029-2030, the state is focusing on enhancing competitiveness, generating employment, and promoting balanced regional development. To further support this vision, the government has recently approved the Maharashtra Industries, Investment and Services Policy 2025 and the Maharashtra Global Capability Centre (GCC) Policy 202...

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 ...