https://mumbaimirror.online/c/business Business en-IN https://mumbaimirror.online/a/2026-09-01-mumbai-milk-wholesale-price-rises-by-9-per-litre-from-september-1-e9f25febcb https://mumbaimirror.online/a/2026-09-01-mumbai-milk-wholesale-price-rises-by-9-per-litre-from-september-1-e9f25febcb The Bombay Milk Producers Association has raised the wholesale milk price from ₹93 to ₹102 per litre, with the new rate fixed until February 28, 2027. Tue, 01 Sep 2026 00:50:54 GMT https://mumbaimirror.online/a/2026-08-31-mumbai-property-registrations-hit-14-year-august-high-7490f698ea https://mumbaimirror.online/a/2026-08-31-mumbai-property-registrations-hit-14-year-august-high-7490f698ea Mumbai recorded 12,503 property registrations in August 2026, up 11% year on year, while stamp duty collections are expected to rise to ₹1,123 crore. Mon, 31 Aug 2026 11:55:19 GMT https://mumbaimirror.online/a/business-2026-01-28-rbi-advances-omo-purchase-auctions-to-jan-29-and-feb-5-to-infuse-1-lak https://mumbaimirror.online/a/business-2026-01-28-rbi-advances-omo-purchase-auctions-to-jan-29-and-feb-5-to-infuse-1-lak The RBI revised the schedule of its open market operation (OMO) purchase auctions, moving them to 29 January and 5 February. The central bank plans to infuse ₹1 lakh crore via two tranches of ₹50,000 crore each by purchasing government securities through e-Kuber auctions. Wed, 28 Jan 2026 21:17:13 GMT https://mumbaimirror.online/a/business-2026-01-28-juspay-raises-50-million-from-westbridge-at-1-2-billion-valuation-beco https://mumbaimirror.online/a/business-2026-01-28-juspay-raises-50-million-from-westbridge-at-1-2-billion-valuation-beco Payments infrastructure firm Juspay has raised $50 million from WestBridge Capital, taking its valuation to about $1.2 billion and making it the first Indian startup to reach unicorn status in 2026. The round includes primary and secondary components, offering liquidity to early investors and employees. Wed, 28 Jan 2026 21:12:13 GMT https://mumbaimirror.online/a/business-2026-01-28-rbi-reschedules-1-lakh-crore-omo-bond-purchases-to-29-jan-and-5-feb-to https://mumbaimirror.online/a/business-2026-01-28-rbi-reschedules-1-lakh-crore-omo-bond-purchases-to-29-jan-and-5-feb-to The RBI has advanced its planned open market bond purchases, announcing two OMO auctions of ₹50,000 crore each on 29 January and 5 February to inject durable liquidity into the banking system. Wed, 28 Jan 2026 21:06:57 GMT https://mumbaimirror.online/a/business-2026-01-27-india-and-eu-strike-long-awaited-trade-deal-tariffs-to-be-cut-on-most- https://mumbaimirror.online/a/business-2026-01-27-india-and-eu-strike-long-awaited-trade-deal-tariffs-to-be-cut-on-most- India and the European Union have reached a landmark trade agreement that aims to cut or eliminate tariffs on most goods and boost two-way commerce. The pact is expected to deepen economic integration between India and the 27-nation bloc, while formal signing and legal vetting are expected to take several months. Tue, 27 Jan 2026 21:04:19 GMT https://mumbaimirror.online/a/business-2026-01-27-budget-2026-27-halwa-ceremony-held-at-north-block-finance-ministry-beg https://mumbaimirror.online/a/business-2026-01-27-budget-2026-27-halwa-ceremony-held-at-north-block-finance-ministry-beg Finance Minister Nirmala Sitharaman participated in the traditional Halwa ceremony on January 27, 2026, marking the start of the final stage of Union Budget 2026-27 preparation ahead of the February 1 presentation. The event also signals the beginning of the confidential ‘lock-in’ period for officials working on the budget documents. Tue, 27 Jan 2026 20:53:40 GMT https://mumbaimirror.online/a/business-2026-01-27-bank-unions-jan-27-strike-hits-services-as-staff-push-for-five-day-wor https://mumbaimirror.online/a/business-2026-01-27-bank-unions-jan-27-strike-hits-services-as-staff-push-for-five-day-wor Bank employees under the UFBU held a nationwide strike on 27 January, demanding a five-day work week and implementation of a pending agreement with the IBA. Protesters say a commitment was reached in principle during wage talks, but formal clearance and notification are still awaited. Tue, 27 Jan 2026 20:48:05 GMT https://mumbaimirror.online/a/business-2026-01-27-india-eu-trade-talks-concluded-commerce-secretary-signals-deal-may-tak https://mumbaimirror.online/a/business-2026-01-27-india-eu-trade-talks-concluded-commerce-secretary-signals-deal-may-tak India has concluded negotiations with the European Union for a comprehensive trade agreement, with officials indicating the text will undergo legal scrubbing for months before formal signing. The commerce secretary said the pact is expected to come into force next year after approvals. Tue, 27 Jan 2026 20:42:59 GMT https://mumbaimirror.online/a/business-2026-01-27-bank-unions-proceed-with-27-january-strike-seeking-five-day-work-week- https://mumbaimirror.online/a/business-2026-01-27-bank-unions-proceed-with-27-january-strike-seeking-five-day-work-week- India’s bank unions are set to hold a one-day nationwide strike on 27 January 2026, saying the government has delayed approval for a five-day work week. The protest is expected to disrupt services across multiple types of banks, with unions pointing to earlier agreements and recommendations that remain pending. Tue, 27 Jan 2026 20:30:49 GMT https://mumbaimirror.online/a/business-2026-01-26-budget-2026-watch-deloitte-urges-parity-rules-and-compliance-clarity-t https://mumbaimirror.online/a/business-2026-01-26-budget-2026-watch-deloitte-urges-parity-rules-and-compliance-clarity-t Ahead of Budget 2026-27, Deloitte has called on the government to address regulatory and tax frictions that affect the competitiveness of the IFSC at GIFT City. The firm’s pitch focuses on parity, removal of tax asymmetries and clearer compliance to help attract more global banking and capital markets activity. Mon, 26 Jan 2026 21:31:38 GMT https://mumbaimirror.online/a/business-2026-01-26-india-s-january-private-sector-activity-rebounds-as-demand-improves-fi https://mumbaimirror.online/a/business-2026-01-26-india-s-january-private-sector-activity-rebounds-as-demand-improves-fi A flash PMI survey showed India’s private-sector growth strengthened in January 2026 on firmer demand and new orders, encouraging companies to add staff even as some measures remained below the prior year’s average. Mon, 26 Jan 2026 21:27:05 GMT https://mumbaimirror.online/a/business-2026-01-26-dlf-reports-higher-q3-profit-debt-falls-to-zero-as-cash-flows-strength https://mumbaimirror.online/a/business-2026-01-26-dlf-reports-higher-q3-profit-debt-falls-to-zero-as-cash-flows-strength Real estate major DLF reported a rise in net profit in Q3 FY26, supported by stronger cash flows that helped it eliminate debt, even as sales bookings stayed subdued due to fewer launches. The quarter underscores the sector’s dependence on project pipeline timing while highlighting the balance-sheet advantage of large, established developers. Mon, 26 Jan 2026 21:18:33 GMT https://mumbaimirror.online/a/business-2026-01-26-sensex-and-nifty-fall-over-4-in-january-as-foreign-outflows-weak-rupee https://mumbaimirror.online/a/business-2026-01-26-sensex-and-nifty-fall-over-4-in-january-as-foreign-outflows-weak-rupee Indian equity benchmarks have slipped more than 4% so far in January 2026, pressured by foreign portfolio investor selling, a softer rupee, muted earnings and global uncertainty. Investors are also watching Budget season for signals that could stabilise sentiment. Mon, 26 Jan 2026 21:07:54 GMT https://mumbaimirror.online/a/business-2026-01-26-deloitte-s-budget-2026-pitch-parity-rules-and-tax-clarity-to-scale-ifs https://mumbaimirror.online/a/business-2026-01-26-deloitte-s-budget-2026-pitch-parity-rules-and-tax-clarity-to-scale-ifs Ahead of Budget 2026, Deloitte has urged the government to address tax and compliance frictions at IFSC GIFT City, arguing that parity in treatment and clearer rules could attract more global financial players and deepen India’s offshore financial hub ambitions. Mon, 26 Jan 2026 20:57:28 GMT https://mumbaimirror.online/a/business-2026-01-26-indian-ipo-pipeline-seen-heading-for-another-record-year-with-reliance https://mumbaimirror.online/a/business-2026-01-26-indian-ipo-pipeline-seen-heading-for-another-record-year-with-reliance A report said India could see another record year for IPO fundraising in 2026, with a potential listing of Reliance Jio Infocomm as a marquee deal. Market optimism is being tempered by valuation concerns and global uncertainties, even as domestic participation remains a strong tailwind. Mon, 26 Jan 2026 20:47:19 GMT https://mumbaimirror.online/a/business-2026-01-26-indian-stock-markets-shut-on-26-january-for-republic-day-trading-to-re https://mumbaimirror.online/a/business-2026-01-26-indian-stock-markets-shut-on-26-january-for-republic-day-trading-to-re BSE and NSE are closed on 26 January 2026 for Republic Day across segments including equities and derivatives, with trading scheduled to resume on the next working day. Mon, 26 Jan 2026 20:43:16 GMT https://mumbaimirror.online/a/business-2026-01-26-india-s-forex-reserves-jump-by-14-17-billion-to-701-36-billion-in-week https://mumbaimirror.online/a/business-2026-01-26-india-s-forex-reserves-jump-by-14-17-billion-to-701-36-billion-in-week India’s foreign exchange reserves rose sharply to $701.36 billion for the week ended 16 January 2026, an increase of $14.17 billion, according to RBI data reported by The Economic Times. Foreign currency assets and gold holdings both contributed to the gain, adding to the central bank’s buffer amid currency volatility and global risk sentiment. Mon, 26 Jan 2026 20:34:05 GMT https://mumbaimirror.online/a/business-2026-01-26-sensex-and-nifty-fall-over-4-in-january-as-fpi-selling-rupee-weakness- https://mumbaimirror.online/a/business-2026-01-26-sensex-and-nifty-fall-over-4-in-january-as-fpi-selling-rupee-weakness- Indian equities have slid more than 4% in January 2026, with reports pointing to sustained foreign portfolio investor selling, a weaker rupee, muted earnings and heightened global uncertainty. The move reflects a broader risk-off mood and sensitivity to external shocks. Mon, 26 Jan 2026 20:24:46 GMT https://mumbaimirror.online/a/business-2026-01-26-ahead-of-union-budget-2026-private-space-firms-seek-procurement-push-a https://mumbaimirror.online/a/business-2026-01-26-ahead-of-union-budget-2026-private-space-firms-seek-procurement-push-a India’s private space industry is urging the government to expand public procurement of space products and services and to recognise space assets as critical infrastructure, steps it says could improve financing access and accelerate scaling in a fast-growing sector. Mon, 26 Jan 2026 20:16:26 GMT https://mumbaimirror.online/a/business-2026-01-26-india-and-eu-conclude-free-trade-agreement-talks-after-nearly-two-deca https://mumbaimirror.online/a/business-2026-01-26-india-and-eu-conclude-free-trade-agreement-talks-after-nearly-two-deca India and the European Union have concluded negotiations on a comprehensive Free Trade Agreement after almost 20 years, according to Commerce Secretary Rajesh Agrawal. The pact is undergoing legal review and is expected to be formally signed later in 2026, with tariff cuts and sectoral openings aimed at boosting trade and investment. Mon, 26 Jan 2026 20:09:39 GMT https://mumbaimirror.online/a/business-2026-01-26-budget-2026-expectations-industry-calls-for-stronger-digital-payments- https://mumbaimirror.online/a/business-2026-01-26-budget-2026-expectations-industry-calls-for-stronger-digital-payments- As Budget 2026-27 approaches, stakeholders are pressing for measures that deepen digital payments adoption, strengthen cybersecurity and build resilient financial infrastructure. Executives also want policy support for new credit assessment models that use transaction and cash-flow data to widen access responsibly. Mon, 26 Jan 2026 20:05:42 GMT https://mumbaimirror.online/a/business-2026-01-25-india-may-cut-import-duty-on-eu-cars-to-40-from-up-to-110-as-trade-dea https://mumbaimirror.online/a/business-2026-01-25-india-may-cut-import-duty-on-eu-cars-to-40-from-up-to-110-as-trade-dea India is reportedly preparing a major opening of its auto market by reducing import tariffs on a limited number of European cars to 40% from as high as 110%, as India and the EU close in on a free trade pact. Further phased cuts and EV carve-outs are also being discussed. Sun, 25 Jan 2026 16:04:19 GMT https://mumbaimirror.online/a/business-2026-01-25-rupee-slides-to-92-imports-travel-and-overseas-education-get-costlier- https://mumbaimirror.online/a/business-2026-01-25-rupee-slides-to-92-imports-travel-and-overseas-education-get-costlier- The rupee’s drop to a record 92 per US dollar is tightening household budgets by raising the cost of imported fuel, electronics and commodities. While exporters may earn more rupees per dollar, sectors dependent on imported inputs could see the advantage diluted, analysts say. Sun, 25 Jan 2026 15:49:13 GMT https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-nod-for-ipo-fintech-s-payments-led-scale-meets-publi https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-nod-for-ipo-fintech-s-payments-led-scale-meets-publi Walmart-owned PhonePe has received SEBI approval for its IPO, a key step toward a major listing for India’s digital payments sector as investors weigh revenue mix, profitability trajectory and growth. Sun, 25 Jan 2026 15:38:37 GMT https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-go-ahead-for-ipo-listing-process-moves-closer-for-in https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-go-ahead-for-ipo-listing-process-moves-closer-for-in Walmart-backed PhonePe has received SEBI approval for its IPO, a major step toward one of India’s most-watched fintech listings. Reports said the issue is expected to be an offer-for-sale by existing shareholders, with the company preparing to file updated draft papers. Sun, 25 Jan 2026 15:31:05 GMT https://mumbaimirror.online/a/business-2026-01-25-ahead-of-union-budget-2026-27-gems-and-jewellery-industry-seeks-gst-cu https://mumbaimirror.online/a/business-2026-01-25-ahead-of-union-budget-2026-27-gems-and-jewellery-industry-seeks-gst-cu India’s gems and jewellery sector has urged the government to cut GST and rationalise customs duties in the Union Budget 2026–27, arguing that reforms are needed to boost exports and competitiveness amid global demand uncertainty. Industry voices say predictable taxation and easier compliance could help strengthen India’s position in a major employment and export-linked sector. Sun, 25 Jan 2026 15:20:04 GMT https://mumbaimirror.online/a/business-2026-01-25-padma-awards-2026-banker-uday-kotak-named-among-padma-bhushan-recipien https://mumbaimirror.online/a/business-2026-01-25-padma-awards-2026-banker-uday-kotak-named-among-padma-bhushan-recipien Veteran banker and industrialist Uday Kotak has been named among the Padma Bhushan awardees as part of the Padma Awards 2026 list announced on the eve of Republic Day. The recognition highlights his long-standing contribution to India’s financial sector and the evolution of banking and capital markets. Sun, 25 Jan 2026 15:09:41 GMT https://mumbaimirror.online/a/business-2026-01-25-ahead-of-budget-2026-27-jewellery-industry-seeks-gst-cut-customs-refor https://mumbaimirror.online/a/business-2026-01-25-ahead-of-budget-2026-27-jewellery-industry-seeks-gst-cut-customs-refor India’s gems and jewellery sector has urged the Centre to rationalise GST, reform customs procedures and recalibrate import duties to boost export competitiveness before Union Budget 2026-27. Industry bodies say changing global trade conditions and higher tariffs in key markets make lower friction and clearer policy frameworks critical for keeping India strong in diamonds and jewellery value chains. Sun, 25 Jan 2026 15:00:16 GMT https://mumbaimirror.online/a/business-2026-01-25-hyundai-motor-india-announces-0-6-price-hike-across-models-from-jan-1- https://mumbaimirror.online/a/business-2026-01-25-hyundai-motor-india-announces-0-6-price-hike-across-models-from-jan-1- Hyundai Motor India said it will raise prices by about 0.6% across its model range from January 1, 2026, pointing to rising costs of precious metals and commodities. Sun, 25 Jan 2026 14:49:57 GMT https://mumbaimirror.online/a/business-2026-01-25-delhi-gold-hits-1-60-410-10g-for-24k-silver-quoted-at-3-35-000-kg https://mumbaimirror.online/a/business-2026-01-25-delhi-gold-hits-1-60-410-10g-for-24k-silver-quoted-at-3-35-000-kg Gold prices in Delhi were reported steady at elevated levels on January 25, 2026, with 24-carat gold at ₹1,60,410 per 10 grams and 22-carat gold at ₹1,47,050. Silver was quoted at ₹3,35,000 per kilogram, keeping bullion in sharp focus for buyers and investors. Sun, 25 Jan 2026 14:39:56 GMT https://mumbaimirror.online/a/business-2026-01-25-budget-2026-gems-and-jewellery-industry-seeks-gst-cut-and-customs-duty https://mumbaimirror.online/a/business-2026-01-25-budget-2026-gems-and-jewellery-industry-seeks-gst-cut-and-customs-duty Ahead of the Union Budget 2026–27, India’s gems and jewellery sector has pitched for lower GST, changes in import duties and policy reforms aimed at improving export competitiveness and easing compliance pressures. Sun, 25 Jan 2026 14:34:05 GMT https://mumbaimirror.online/a/business-2026-01-25-markets-slip-after-rbi-policy-foreign-fund-outflows-keep-investors-cau https://mumbaimirror.online/a/business-2026-01-25-markets-slip-after-rbi-policy-foreign-fund-outflows-keep-investors-cau Indian equity benchmarks ended lower after the RBI policy, with analysts pointing to muted sentiment amid persistent foreign fund outflows and mixed quarterly earnings. Profit-taking was seen across sectors including banking, oil and gas, FMCG and power, while select stocks moved on company-specific results. Sun, 25 Jan 2026 14:25:11 GMT https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-nod-for-ipo-company-to-file-updated-draft-papers-iss https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-nod-for-ipo-company-to-file-updated-draft-papers-iss Walmart-backed PhonePe has received regulatory clearance from SEBI for its much-anticipated public listing, though it must file updated draft papers before proceeding. Reports say the IPO is planned as a pure offer-for-sale by existing shareholders, positioning it among the largest fintech listings and keeping market focus on valuation, timing and shareholder dilution rather than fresh capital infusion. Sun, 25 Jan 2026 14:14:17 GMT https://mumbaimirror.online/a/business-2026-01-25-markets-shut-on-26-january-for-republic-day-trading-to-resume-27-janua https://mumbaimirror.online/a/business-2026-01-25-markets-shut-on-26-january-for-republic-day-trading-to-resume-27-janua Indian stock exchanges will remain closed on Monday, 26 January 2026 for Republic Day, with no trading across equity, derivatives and other segments. Commodity trading on MCX will also be suspended for the day, and normal operations are set to resume on Tuesday, 27 January. Sun, 25 Jan 2026 14:07:28 GMT https://mumbaimirror.online/a/business-2026-01-25-rbi-governor-malhotra-backs-base-year-revamp-for-gdp-cpi-and-iip-to-sh https://mumbaimirror.online/a/business-2026-01-25-rbi-governor-malhotra-backs-base-year-revamp-for-gdp-cpi-and-iip-to-sh RBI Governor Sanjay Malhotra has welcomed the government’s move to revise the base year for major macro indicators—GDP, inflation (CPI) and industrial output (IIP)—saying updated series can improve the quality of economic signals used in policymaking. The overhaul is expected to refresh baskets, weights, data sources and methods, with new releases slated from February 2026 onward. Sun, 25 Jan 2026 14:03:55 GMT https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-nod-for-ipo-proposed-issue-seen-as-ofs-only-with-exi https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-nod-for-ipo-proposed-issue-seen-as-ofs-only-with-exi Digital payments leader PhonePe has received regulatory approval from SEBI to move ahead with its initial public offering, a key step toward one of India’s most watched fintech listings. Reports indicate the IPO is planned as an offer-for-sale by existing shareholders rather than a fresh fundraising round, with the company expected to file updated draft papers next. The development spotlights the scale of India’s UPI economy and the pressure on large fintechs to prove durable profitability. Sun, 25 Jan 2026 13:58:31 GMT https://mumbaimirror.online/a/business-2026-01-25-ahead-of-union-budget-2026-27-gems-and-jewellery-sector-seeks-gst-cuts https://mumbaimirror.online/a/business-2026-01-25-ahead-of-union-budget-2026-27-gems-and-jewellery-sector-seeks-gst-cuts India’s gems and jewellery industry has submitted pre-Budget proposals seeking GST rationalisation, customs duty changes, and policy reforms aimed at improving export competitiveness amid shifting global trade conditions. Industry bodies say reforms could lower costs, streamline processes and strengthen India’s position in the global value chain. Sun, 25 Jan 2026 13:54:02 GMT https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-approval-for-ipo-issue-expected-to-be-offer-for-sale https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-approval-for-ipo-issue-expected-to-be-offer-for-sale Walmart-owned PhonePe has received SEBI approval for its IPO, with reports indicating an offer-for-sale structure of around ₹12,000 crore and a likely valuation near $15 billion, making it among India’s most watched fintech listings. Sun, 25 Jan 2026 13:50:20 GMT https://mumbaimirror.online/a/business-2026-01-25-vodafone-idea-to-receive-about-5-836-crore-from-vodafone-group-under-r https://mumbaimirror.online/a/business-2026-01-25-vodafone-idea-to-receive-about-5-836-crore-from-vodafone-group-under-r Vodafone Idea has revised an agreement with Vodafone Group to recover around ₹5,836 crore linked to legacy contingent liabilities, including a structure that earmarks shares whose sale proceeds can flow to the telco. Sun, 25 Jan 2026 13:37:58 GMT https://mumbaimirror.online/a/business-2026-01-25-gems-and-jewellery-sector-presses-budget-2026-for-gst-cut-duty-rationa https://mumbaimirror.online/a/business-2026-01-25-gems-and-jewellery-sector-presses-budget-2026-for-gst-cut-duty-rationa Ahead of Union Budget 2026–27, India’s gems and jewellery industry has asked the government for GST reduction, customs duty rationalisation and policy reforms. Industry stakeholders say the changes would help exports, improve competitiveness and support growth amid global headwinds. Sun, 25 Jan 2026 13:29:51 GMT https://mumbaimirror.online/a/business-2026-01-25-india-retail-inflation-rises-to-1-66-in-december-2025-as-prices-climb- https://mumbaimirror.online/a/business-2026-01-25-india-retail-inflation-rises-to-1-66-in-december-2025-as-prices-climb- Official data showed CPI inflation rose to 1.66% in December 2025 from 0.71% in November, driven by higher prices in personal care and select food categories even as headline inflation stayed below the RBI’s upper tolerance band. Sun, 25 Jan 2026 12:43:37 GMT https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-approval-for-ipo-proposed-issue-described-as-ofs-wit https://mumbaimirror.online/a/business-2026-01-25-phonepe-gets-sebi-approval-for-ipo-proposed-issue-described-as-ofs-wit Digital payments leader PhonePe has received regulatory approval from SEBI for its proposed public listing. Reports say the IPO is structured as an offer-for-sale (no fresh issue), and the company is expected to move ahead with filing updated draft papers as the listing process advances. Sun, 25 Jan 2026 08:21:24 GMT