City Mumbai Financial News

Mumbai for the second day, disrupting roads and local train services in India's financial capital, prompting authorities to close some schools and colleges. The India Meteorological Department (IMD) issued a Red Alert for Mumbai, which continued to experience severe rainfall on Tuesday. The Navi Mumbai Municipal Corporation Education (NMMC) Department also announced a holiday for all schools under its jurisdiction on Tuesday due to the heavy rain warning. Both government and private schools remained closed as per the orders from the NMMC and Education Department. The Brihanmumbai Municipal Corporation (BMC) urged residents to leave their homes only if absolutely necessary. The Regional Meteorological Centre (RMC) in Mumbai issued red alerts for Mumbai, Raigad, Ratnagiri, and Sindhudurg for Monday. Similar alerts were issued for Pune and Satara. The IMD predicted heavy rainfall in isolated places in Mumbai until July 12. Pune district administration has also announced the closure of all schools up to class 12 on Tuesday, July 9, to prevent any incidents or emergencies related to the severe weather. The IMD forecast indicated a generally cloudy sky with intermittent moderate to heavy rain in the city and suburbs.

Eknath Shinde on Monday stressed the state administration's zero tolerance for injustice and directed the police to handle hit-and-run incidents involving powerful and influential individuals with utmost seriousness to ensure justice is served. Shinde's statement follows a hit-and-run incident involving a BMW car allegedly driven by the son of a Shinde-led Shiv Sena leader who fatally knocked down a 45-year-old woman riding pillion on a scooter in Mumbai. Expressing his deep concern over the rising number of hit-and-run cases in Maharashtra, Shinde said, «It is intolerable that the powerful and influential misuse their status to manipulate the system. Such miscarriages of justice will not be tolerated by my government.» He underlined the importance of protecting the lives of ordinary citizens and directed the state police to treat these cases with the highest priority.

India Today, the former Indian cricketer said, “There will always be the occasional individual who might be a bit disappointing. But I think what the current leadership has done is quite outstanding."“Many people criticise Jay Shah, focusing on his father’s political position rather than his contributions.

under-construction properties in major cities — Delhi, Noida, Gurgaon, Bengaluru and Mumbai has increased by upto 53%, led by Gurugram, according to Savills India, a global property consulting firm. The under-construction projects in these cities have witnessed higher price appreciation up to 30% over the year compared to ready properties as new launches offered newer amenities and configurations. The second home location, North Goa also witnessed a steep rise of 28% in villa prices over the year owing to rise in ‘work from anywhere’ or remote working and relatively high rental yields.

₹22,000 ($265) as of mid-2024, up from ₹13,000 ($170) in mid-2020, building a $38 billion Indian smartphone market in 2023. This year, with further shipment growth and a marginal uptick in ASPs, the Indian smartphone market is tipped to cross $40 billion in gross revenue. “Every deal and discount that e-commerce platforms offer are usually introduced in physical stores as well, although certain offers from brands may vary across retailers.

Mumbai-based business analyst Sweta Chandra earns well, but also pays a high tax because her salary structure is not very tax-friendly, she doesn’t avail of all the deductions available to her, and invests in tax-inefficient options. TaxSpanner estimates that Chandra can save more than Rs.91,000 in tax if the taxable allowances in her salary are replaced with tax-free emoluments and her employer offers her the NPS benefit. She also needs to invest in the pension scheme on her own.

quick commerce companies saw an upto 40%-50% uptick in sales and revenues on Saturday nightthanks to the T20 World Cup final and India's victory against South Africa.

NCLT) has approved the acquisition of bankrupt listed infrastructure firm Valecha Engineering Ltd by a consortium of JK Solutions Pvt Ltd and One Media Facility Management.

Shatrughan Sinha got hospitalised. The Kalicharan star is currently admitted to the Kokilaben Ambani Hospital in Mumbai.

Pankaj Tripathi recently reacted to Panchayat star Pankaj Jha’s allegations that he romanticized being an outsider and attempted to whitewash his struggles. The Mirzapur actor had always been open about struggling to get acting projects and steady work in Bollywood, and how his wife decided to be the bread winner for the time being while he hustled in the city of dreams.

Most of my life, I didn’t need tourism. The first time I went on a vacation was when I was 27, and it was just about 20km across the bay from Mumbai, where I lived. But, finally, I was on this famous thing called a vacation.

chai paired with assorted fritters makes the perfect combo on rainy days. But, if a monsoon wine party is on the cards, consider serving bhajias with an acid-rich vino that cuts through the fat in fried foods. Wine professional Sonal Holland says she would swap her chai for a classic Riesling from Germany’s Mosel region.

Sharad Pawar on Sunday expressed his delight and congratulated Indian cricket team on their stellar performance in the T20 World Cup.

Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru-based Sattva Group achieved sales bookings of Rs 3,500 crore.

When you enter a restaurant, the entire experience takes centrestage and goes beyond food. This statement by Mumbai-based architect-designer Ashiesh Shah, who has spearheaded projects like Sequel and Neuma in Mumbai, among others, probably sums up the design-forward approach being taken by restaurants across the country. While the food remains integral, these establishments are also betting big on innovative decor elements to carve out a niche for themselves and offer an immersive dining experience to guests.

T20 World Cup, ending an 11-year wait for an ICC trophy. This victory marks India's second title in the tournament, placing them alongside the West Indies and England as multiple-time champions.

India overcame a shaky start in the T20 World Cup final to score 176-7 against South Africa, setting the Proteas up for a 177-run chase. The men in blue lost captain Rohit Sharma early, with the Mumbai man gone after scoring just nine runs off five balls.

MSMEs will expand their presence across various sectors, producing a wide range of products consumed by millions regularly. Today, MSMEs play a pivotal role by contributing approximately 30% to India’s GDP, as reported by the MSME Ministry’s FY23 annual report. The progressive ecosystem of India and the availability of required resources have enabled MSMEs to deploy cutting-edge technologies to transform the energy space. From how energy is extracted, managed, and consumed to how it is sold, MSME startups are playing a critical role in digitising and revolutionising the customer journey. Whether it's a smart fuelling station in Mumbai or an AI-driven oil rig in Gujarat, MSMEs are spearheading a digital transformation that promises to redefine the country’s energy future and drive sustainability in the Indian economy. The need for digitisation in energy India's energy sector faces several challenges, and the biggest challenge among them is the lack of monitoring and measurement systems. With digitisation, we can unlock multiple opportunities, such as promoting data-driven decision-making, enhanced forecasts and predictive maintenance, reduction in duplicate work, gauging market demand, improving fuel distribution networks, and understanding price fluctuations.

WeWork India, one of the flexible workspace providers in the country, has appointed Janak Malkani as the head of managed office for India. Additionally, he will also lead sales for the West region. This appointment marks another step towards strengthening the company's leadership and propelling its growth journey His deep understanding of the market, coupled with his strategic vision and extensive experience, will be instrumental in driving WeWork India's Managed Office offerings to newer heights.

Mumbai-Nagpur Expressway, also known as Samruddhi Expressway, in Jalna district of Maharashtra, police said on Saturday. The incident occurred around 11 pm on Friday near Kadvanchi village, they said. The victims were residents of Malad (East) in Mumbai and Buldhana district, the police said. «A multi-utility vehicle (MUV) going from Nagpur to Mumbai and a car heading in the opposite direction collided head-on, resulting in the death of six persons on the spot. One more person succumbed to injuries at a hospital later,» a police official said. The impact of the collision was so severe that the MUV broke through the crash barrier and fell off on the left side of the road. Local villagers and police rushed to the scene to rescue the persons trapped in mangled remains of the vehicles, he said.

₹12,000- ₹13,000 a month, which is often barely ₹5,000 more than what they earn in their hometown. Ajit Gulabchand, chairman of engineering and construction firm HCC Ltd, noted that there was a “clear shortage of both skilled and competent workforce who are heading for not just the Middle-Eastern countries but even Russia". The chairman of the Mumbai-headquartered firm that works on highway, roads, bridges, etc., stressed on taking immediate steps to improve the gap.