City Mumbai Financial News

Enforcement Directorate seized assets worth Rs 417 crore in alleged criminal proceeds from locations linked to betting app Mahadev. The agency raided locations in Kolkata, Bhopal, Mumbai and other cities in connection with the app. Here's what we know so far about the operations of the app: Started by Sourabh Chandrakar and Ravi Uppal, who are natives of Chhattisgarh's Bhilai, the app is an extension of the duo's activities as small-time bookies.

Lalbaugcha Raja on Friday (September 15). Mumbai Matterz, an X handle that covers the happenings in the city, shared a video of the idol being unveiled on the microblogging site. The video shows a huge Ganesha idol, looking resplendent in gold and pink, seated on a dazzling throne. Netizens flooded the comment section, to celebrate the arrival of the deity of prosperity and good luck. “Hamare Pyaare Ganesh ji,” (Our beloved Lord Ganesha), gushed an X-user. Another tweeted the sacred incantation associated with the deity, “Deva deva deva… Ganapati Bappa…” Another gushed over the adorableness of the idol. “The most handsome king… Lalbaugcha Raja,” they wrote.

As Mumbai bids adieu to iconic red double-decker buses, Mahindra Group Chairman Anand Mahindra shared an emotional post. The red double-decker buses, which have been an integral part of Mumbai's public transport system for more than 80 years, will go off the streets this week. Besides, the open-deck double-decker buses, which have served as sightseeing buses for tourists since the 1990s, will also disappear from the city streets in the first week of October.

(This story originally appeared in on Sep 16, 2023)

visa interviews in India, the US consulate in Frankfurt has set aside specific interview appointments for Indian applicants. According to the State Department's website, the wait times for B1/B2 visa interview appointments in India have reached staggering durations, with 441 days in Hyderabad, 486 days in Chennai, 526 days in Delhi, 571 days in Mumbai, and 607 days in Kolkata. In stark contrast, the wait time in Frankfurt is a mere three days. To alleviate the backlog and cater to the increasing demand, Indians were granted the option to apply for visas at US consulates outside India, such as in Bangkok. Over the past year, various measures have been implemented to reduce the extensive waiting period, which had peaked at nearly three years last winter. Despite these efforts, applicants have encountered issues with a new scheduling portal for non-immigrant visa interviews in India. A US embassy official has told TOI that attempts are being made to resolve these issues «as quickly as possible». During recent discussions between the US embassy and Indian authorities, three key issues were addressed: visa wait times, technical problems with the scheduling portal, and concerns related to student visas.

Kohinoor Hospital in Kurla-West, Mumbai after a fire broke out there on Saturday. According to the Brihanmumbai Municipal Corporation's (BMC) Municipal Fire Brigade (MFB), the incident occurred at 12.14 am today and no casualties were reported. The BMC said, «Fire broke out in a building in Mumbai's Kurla area. Fire brigade personnel reached the spot as soon as information about the fire was received and rescued around 50-60 people from different floors, out of which 39 people were admitted to the nearby hospital.

iPhone 15 series, Watch Series 9 and AirPods Pro (2nd-Gen) are now live in India and the devices will arrive in the country from September 22 along with other global markets. For the first time, the 'Make in India' iPhone 15 will be available from the day of the global sales (September 22). The new devices will be available on Apple India Online Store, its own-branded retail stores in Mumbai and New Delhi, as well as other authorised Apple retailers. Available in 6.1-inch and 6.7-inch display sizes, iPhone 15 and iPhone 15 Plus are available in pink, yellow, green, blue, and black finishes in 128GB, 256GB, and 512GB storage capacities, starting at Rs 79,900 and Rs 89,900, respectively. iPhone 15 Pro and iPhone 15 Pro Max, in 6.1-inch and 6.7-inch display sizes, are available in black titanium, white titanium, blue titanium, and natural titanium finishes. iPhone 15 Pro starts at Rs 134,900 and is available in 128GB, 256GB, 512GB, and 1TB storage capacities. iPhone 15 Pro Max starts at Rs 159,900 and is available in 256GB, 512GB, and 1TB storage capacities. There are attractive EMI options and trade-in offers (from Rs 2,000-Rs 67,800 credit towards your new iPhone). Apple Watch Series 9 is now available for pre-order in 41mm and 45mm sizes in starlight, midnight, silver, (PRODUCT)RED, and a new pink aluminum case, as well as stainless steel in gold, silver, and graphite cases. Apple Watch Series 9 starts at Rs 41,900 and Apple Watch SE starts at Rs 29,900. All Apple Watch Series 9 cases are swimproof and dustproof, and have crack-resistant front crystals. Apple Watch Ultra 2 is priced at Rs 89,900, also available from September 22. AirPods Pro (2nd generation) with MagSafe Charging Case (USB‐C) are now available for

In a major accident, a fire broke out in a building in Mumbai's Kurla area, police informed on Saturday. Fire brigade reached on the spot after receiving the information.

US visas. It noted that even if you have paid the full application amount, it will expire if you do not take the interview in within the stipulated period. Apparently, US visa applications are valid for exactly 1 year from the date of payment to schedule an appointment.

Anurag Thakur, inaugurated the Amrit Kalash Yatra organized by Nehru Yuva Kendra, Mumbai under Meri Mati Mera Desh Abhiyan in Mumbai on Friday, said an official statement from Ministry of Information & Broadcasting on Friday. Officials of Nehru Yuva Kendra, other dignitaries and volunteers of the National Service Scheme (NSS) were present on the occasion. Addressing the gathering, Thakur appealed to everyone to participate in commemorating 75 years of India's freedom and honouring the courageous souls who martyred their lives to protect our Nation, added the statement. On this occasion, Minister appealed to the youth to participate actively in this endeavour and contribute to the work of nation-building. «This sacred soil collected from across India will shape the Amrit Vatika near the War Memorial in Delhi.

electric vehicles sold in the Indian market is bought by a woman — more than double the share of female buyers of petrol and diesel cars. Senior industry executives ET spoke with said ease of driving and ownership along with increasing environmental awareness are propelling many women to choose electric cars over those powered by petrol and diesel. With more women joining the workforce and becoming financially empowered to make decisions, the trend is expected to continue, they added.Tata Motors, the country's largest electric carmaker, said women account for 24% of its EV sales while its closest rival MG Motor India put the number at 23-24%. In contrast, women's contribution to sales of fossil-fuel cars in the country remains in the range of 11% to 12%.

Ganpati idol, on Friday, unveiled the first glimpse of the idol for devotees of Lord Ganesh. This year, the 10-day festival will be observed from September 19 to September 28. The pandals set up by various mandals in Mumbai and other places in the state attract thousands of devotees during the 10-day festivities.

NEW DELHI : The Drugs Controller General of India (DCGI) Rajeev Raghuvanshi has granted permission to three National Accreditation Board for Testing and Calibration Laboratories (NABL)- accredited private labs to conduct tests on cough syrups for exports. The private labs are: Bee Pharma Labs (Mumbai), Oasis Test House (Ahmedabad) and Shriram Institute for Industrial Research (Delhi). Prior to this, only government labs were authorised to test cough syrups for export.

Gurugram is tweaking its urbanisation model to build taller buildings. This makes for efficiency from a town-planning perspective, reducing the cost of building cities and lowering the impact on the environment than that caused by sprawl. Given the pace of urbanisation in India, municipal bodies are challenged to keep housing costs low while providing facilities such as transport.

MUMBAI : The BSE Sensex is poised to log its longest winning streak as retail investors continue to plough money into the markets. The 30-share index has now risen for 11 days in a row this month, matching the longest winning streak since 7 October 2007 when it rose for an identical number of days. Such long winning streaks have happened only four times: June 1983, October 2003, October 2007 and September this year.

MUMBAI : Electronics giant Samsung, consulting and IT services leader Accenture and manufacturing conglomerate Larsen & Toubro (L&T) are among the early recruiters at the youngest Indian Institutes of Technology (IITs) this year, placement executives said. The compensation offered ranges from ₹6 lakh to ₹48 lakh. The IITs in Varanasi, Mandi and Bhilai, are the some of the first to start placements in September.

Naina Desai, widow of late art director Nitin Desai, seeking a review of the National Company Law Appellate Tribunal (NCLAT) order allowing bankruptcy proceedings against their company. Nitin Desai had been found dead in his Karjat studio on August 2, a day after the NCLAT dismissed his plea against initiation of insolvency proceedings, prompting calls for an investigation. “We do not find any good ground and reason to interfere with the impugned judgement and hence the appeal is dismissed,” a two-judge bench of justices Sanjiv Khanna and SVN Bhatti said in a short order Friday. The apex court's dismissal clears the ground for recovery proceedings against ND's Art World Pvt Ltd, the company promoted by Nitin and Naina Desai, which owes Edelweiss Asset Reconstruction Co.

Gucci, Cartier, and Louis Vuitton, among others, have signed leases for retail spaces in a new Mumbai mall developed by Asia's richest Mukesh Ambani, as the brands and Reliance Industries look to tap lucrative prospects presented by India's robust economic growth and the swift increase in the number of millionaires. Jio World Plaza is likely to open this year, Reuters said citing an unnamed source. The new mall is situated within Reliance Industries' extensive $1 billion business and cultural complex in Mumbai's bustling business district. India is turning into a magnate for luxury brands. More than a dozen luxury consumer goods brands are entering the country ahead of the festive season, as they look to attract consumers in a market riding on the growing affluence of Indians with higher incomes, spurring greater discretionary spending even in small towns. The trend is being driven by increased exposure to global trends, younger people buying luxury products, and a post-pandemic boom, all of which are stoking interest from western luxury brands, executives said. While a K-shaped economic recovery in India is also seen to be a strong trend, according to several economists, the Asian economy has beaten almost all countries in terms of rising wealth. Remember India is home for some of the world's richest including Mukesh Ambani and Gautam Adani. For the first time since the global financial crisis of 2008, global household wealth in 2022, measured in US dollars, registered a collective decline both in nominal and real terms, encompassing aggregate and per-adult figures. Significantly, wealth per adult also saw its second-largest reduction since the turn of the century.

The Dwarka Expressway, christened as India’s First Eight-Lane Elevated Urban Expressway on a Single Pillar, known alternatively as the Northern Peripheral Road (NPR) and National Highway NH 248BB, stands as a transformative force poised to reshape the National Capital Region (NCR) of India. Stretching across 29 kilometers, this monumental project spans 19 kilometers in Haryana and 10 kilometers in Delhi, meticulously crafted to redefine regional connectivity and establish a new benchmark for cost-efficiency in large-scale infrastructure endeavors.

The Creative Arts Education Society (CAES), which operates through its constituent academic institutions under the Pearl Academy umbrella, has entered into a partnership with the Rajiv Gandhi National Institute of Youth Development (RGNIYD), an Institute of national importance under the Ministry of Youth Affairs and Sports (MoYAS), government of India. This collaboration encompasses all bachelor’s and master’s degree programmes offered at various Pearl Academy campuses, including those located in Delhi West, Delhi South, Bengaluru, Mumbai and Jaipur, according to an official release.

Mumbai are slated to increase from October 1. As per a TOI report, this adjustment in toll rates, which comes after a gap of three years, will see a hike ranging from 12.50 per cent to 18.75 per cent. The affected entry points include Dahisar, LBS Road-Mulund, Eastern Express Highway-Mulund, Airoli Creek Bridge, and Vashi.