Mumbai Financial News

Mumbai Police have announced strict measures during the Diwali festival as a precautionary safety measure. Mumbai Police have implemented a ban on the use, sale, and flying of sky lanterns during the one month period.

Aegis Logistics at Mahul and Sealord Containers Ltd at Ambapada located in Trombay area of Mumbai. The MPCB also forfeited the bank guarantee of ₹10 lakh of Aegis Logistics and ₹5 lakh of Sealord Containers, it said.

Mumbai is at 4th position among 46 cities globally in terms of price rise of luxury residential properties, according to Knight Frank.

World Cup match at Wankhede Stadium in Mumbai, the city police have issued a traffic advisory for the spectators who are coming to see the match today, November 2. In a video message earlier, DCP Pravin Mundhe listed the traffic and parking restrictions in the area around Wankhede Stadium. He urged people to avoid the use of personal vehicles to prevent congestion, rather suggested the use of suburban trains.

Virat Kohli slaps chair in utter frustration after getting out for DUCK against England Watch the video shared on the Indian cricket team's social media page: In the clip, Yadav could be seen asking the locals about the performance of the Indian team. While most of the fans lauded the Rohit Sharma-led side for the manner they have played so far, one of the fans suggested that Yadav should be sent up in the batting order to provide him more opportunity to score runs.

he shared visuals of smog engulfing the city. Notably, Sharma is a native of Mumbai, and has played cricket across the city from an early age. He represented the Mumbai Ranji team through his domestic first-class career, and also leads the city-based franchise team of Mumbai Indians in the Indian Premier League (IPL).

statue captures Sachin Tendulkar in the dynamic act of executing a cricket stroke. The legendary cricketer used this shot frequently to smash over 34,000 runs in both Test and One Day International (ODI) matches. Sachin Tendulkar is the only batter in the history of cricket to slam 100 centuries.

₹70,000 to ₹2 lakh. The manager of Muji India said, "This is our largest store in India, spanning an impressive 12,000 square feet, with a dedicated team of 30 executives serving our customers. Awareness is no longer an issue, as buyers are well-informed about their preferences and actively visiting our stores." Mitrajit Bhattacharya, a luxury connoisseur and founder and president, The Horologists, who was at the Plaza on 31 October for an invite-only preview, said, “It's a welcomed development for the luxury industry.

World Cup matches in the two megacities. “BCCI is sensitive to environmental concerns. I took up the matter formally with the ICC and there won’t be any fireworks display in Mumbai, which can add to the pollution level," said BCCI secretary Jay Shah in a statement on Wednesday.

air quality index (AQI) was recorded at 336 with some areas also reporting AQI touching to ‘severe’ category. As per Central Pollution Control Board data at 7:30 am, AQI recorded in Wazirpur was 422, while 405 in Rohini, 424 in Anand Vihar. As per SAFAR, Pusa and Lodhi Road recorded AQI levels of 311 and 317, respectively, both categorized as ‘very poor’.

Registration of properties in Mumbai municipal region rose 26 per cent annually to 10,607 units during October, according to Knight Frank India. Total 8,422 properties were registered in October last year in Mumbai city (area under BMC jurisdiction).

Twitter user, @Chacha_huu, claimed to have paid Rs 490 for two samosas, one tea, and a water bottle at Mumbai Airport. This revelation led to widespread outrage, especially when @Chacha_huu disclosed that his entire trip, including the flight from Mumbai to Kolkata and cab fares, cost him a whopping Rs 11,220, nearly his entire monthly salary of Rs 17,000. The user wrote: «2 Samosa, 1 Tea, and a Water Bottle cost me 490 Rs at Mumbai Airport. Flight Ticket From Mumbai to Kolkata — 9230 Rs.

has sharply deteriorated. Following the end of the monsoon season, the city has been witnessing AQI ranging from ‘poor’ to 'very poor' and ‘severe’.

IDBI Bank has petitioned the Mumbai bankruptcy bench to initiate corporate insolvency against Mumbai Metro One Pvt Ltd, which operates the metro line from Versova to Ghatkopar. The lender is seeking recovery of Rs 133.37 crore, including interest component, from Mumbai Metro One, according to stock exchange disclosure. Anil Ambani's Reliance Infrastructure owns a 74% stake in the metro line operator, while the remaining 26% stake is held by Mumbai Metropolitan Regional Development Authority (MMRDA), an apex body for planning and coordinating development activities in Mumbai. This was the first metro project awarded in the country on a public-private partnership (PPP) basis and entails the design, financing, construction, operation and maintenance of about 12 km elevated metro operating between Versova to Ghatkopar with 12 stations en-route. In August, State Bank of India filed a petition at National Company Law Tribunal (NCLT) Mumbai bench to admit the company for corporate insolvency for recovery of their Rs 416 crore debt. Other lenders include Canara Bank, Indian Bank, Bank of Maharashtra, IDBI Bank and India Infrastructure Finance Company (UK).

PTI. According to lead researcher Brittany Krzyzanowski from the institute, previous studies have shown fine particulate matter, or PM2.5 can cause inflammation in the brain, which is "a known mechanism by which Parkinson's disease could develop". Published in the journal Neurology, the US researchers have found that the relationship between air pollution and Parkinson's disease was not the same in every part of the United States, as it varies in strength by region.

Co-living space COVIE, on Tuesday, announced a partnership with Ashray Developers for the 'Jaswanti Bliss, Off BKC' project. In this project, COVIE will lease Ashray's 94 2BHK units across two wings accommodating approximately 400 beds. Mumbai’s BKC region, celebrated for its robust infrastructural framework, has witnessed a surge in co-living and student housing demands. The collaboration aims to fulfil this escalating need, leveraging the regions strategic positioning amidst educational institutes and growing corporate entities. Abhishek Kumar, Co-founder at COVIE, said in a statement, «The evolving aspirations of young professionals lean towards shared living spaces.

Vande Bharat Express: Amid rise in demand, Railways to increase operations on Mumbai-Goa route: Report The trials are expected to take place in the Mumbai-Nashik corridor, with a focus on the hilly terrain, as per the report. One potential route for the train would likely be Mumbai-Delhi. Officials did not respond to queries, the report added.

Mindspace Business Parks REIT is planning to develop a mixed-use property spread over 8 lakh sq ft including commercial offices and a luxury hotel at its existing business park in Mumbai region’s Airoli east locality. Of the total development, 5.30 lakh sq ft will be earmarked for office development and 2.80 lakh sq ft will be set aside for an upscale hotel. On Monday, the REIT received an approval from its board to ink a long-term lease with group company Chalet Hotels for this property. “Our memorandum of understanding (MoU) with Chalet Hotels for the mixed-use development, enhances tenant offerings and fosters business synergies,” said Ramesh Nair, Chief Executive Officer, K Raheja Corp Investment Managers, manager to Mindspace REIT. In terms of development, the REIT is actively working on an under-construction pipeline of 2.9 million sq ft.

The luxury housing segment continues to maintain a seemingly unstoppable growth curve in 2023. According to Anarock Research data, overall sales have been increasing steeply across the top 7 cities in 2023 compared to the previous year.

MUMBAI : The Adani Group has invested close to $1 billion in Navi Mumbai International Airport Ltd, in a bid to start operations by December next year, two people with direct knowledge of the development said. Of the ₹8,625 crore (approximately $991 million) invested in the Navi Mumbai airport so far, Adani has made an equity infusion of ₹1,710 crore. It has also raised ₹2,900 crore in term loans from a consortium of banks, while an additional ₹3,655 crore equity came from the City and Industrial Development Corporation of Maharashtra Ltd (Cidco), a city planning agency in Maharashtra, these people said.

BEST's legendary red double-decker diesel buses. A transport department official said the last Premier Padmini was registered as a black-and-yellow taxi at the Tardeo RTO, which has jurisdiction over the island city of Mumbai.