Mumbai Financial News

24.07 / 16:23

Booking Progressive Strategy show performer stage Mumbai stake DLF takes 51% stake in Mumbai project for Rs 400 crore

DLF has acquired a controlling 51% stake in a special purpose vehicle (SPV) responsible for a development project spanning around 3.5 million square feet in Mumbai’s Andheri area for approximately Rs 400 crore. “This is part of a bigger slum rehab scheme, where we anticipate that once the entire process is complete, the total saleable area should be in the range of 3 to 3.5 million square feet,” DLF chief executive Ashok Kumar Tyagi said during the real estate developer first quarter earnings call on Monday.

24.07 / 01:07

BLOCK Traffic Mumbai Maharashtra rains: Landslide blocks traffic on Mumbai-Pune Expressway

Mumbai, occurring on Wednesday night. At least 17 of 48 houses in the village were fully or partially buried under the landslide debris, officials said.

23.07 / 04:53

UPS BLOCK Updates Mumbai Mumbai local train updates: Central, Harbour lines to impacted today due to mega blocks

Mega block is suspension of traffic on a long stretch due to maintenance work.

22.07 / 06:21

Citi CEO Mumbai Aditya Birla Capital extends debt to redevelopment project near Mumbai's BKC

Aditya Birla Capital Capital, has extended debt worth Rs 40 crore to Agami Realty’s premium residential project involving redevelopment of a housing society in Kala Nagar near Mumbai’s business district Bandra-Kurla Complex (BKC). The project to be developed on the land parcel spread over a quarter of an acre is estimated to have a development potential of about 1 lakh sq ft and a free-sale component of about 45,000 sq ft.

22.07 / 02:37

UPS Citi BLOCK Orange track Mumbai Mumbai: Heavy downpour causes delay in trains. Check details

After days of severe rainfall in the city, Mumbai will witness heavy rainfall on Saturday. The Indian Meteorological Department has issued orange alert for Mumbai, Thane, Raigad, and Ratnagiri. Moreover, a red alert has been issued in Palghar district.

21.07 / 18:29

COST Progressive awards cover electronic Mumbai Railways to armour 3000 km of Delhi-Mumbai, Delhi-Howrah route with Kavach system: Govt

New Delhi: The Railways will armour 3,000 km of its network covering the Delhi-Mumbai and Delhi-Howrah routes with the protection system Kavach system, the government said on Friday. In a written reply to a question in Rajya Sabha, Minister of Railways, Communications and Electronic & Information Technology, Ashwini Vaishnaw said, “Kavach tenders have been awarded for Delhi – Mumbai & Delhi – Howrah corridors (approximately 3000 Route km) and work is in progress on these routes. Indian Railways is preparing Detailed Project Report (DPR) and detailed estimate for another 6000 RKM." He added that Kavach has so far been deployed on 1465 Route km and 121 locomotives (including Electric Multiple Unit rakes) on South Central Railway.

21.07 / 18:29

UPS Mumbai Navi Mumbai airport will start functioning next year, says Devendra Fadnavis

₹650 crore terminal building at Shirdi airport," Devendra Fadnavis said. He also informed the state assembly that the Maharashtra government is planning to set up a dedicated authority for efficient airport management.

21.07 / 14:21

UPS DAL country Mumbai Mumbai meeting of opposition alliance INDIA likely after August 15

opposition alliance INDIA is likely to be held after August 15 in Mumbai, a leader of the bloc said Friday. An 11-member coordination committee is likely to be finalised in the Mumbai meeting, the third such after the Patna and Bengaluru meets.

21.07 / 13:07

UPS Citi Booking performer Mumbai DLF to develop a residential project in Mumbai, ties up with Trident realty

DLF will enter the Mumbai property market with a project in Andheri West, the company announced on Friday. The company will develop around 2.5 million sq ft in the first phase of the project. “DLF Home Developers Limited (‘DHDL’), a wholly-owned subsidiary, has executed a securities subscription and shareholders’ agreement, pursuant to which its wholly- owned subsidiary — Pegeen Builders & Developers Private Limited would allot 9800 equity shares of face value of Rs 10 per share at par to Trident Buildtech Private Limited,” the company said in the regulatory filing.

21.07 / 12:57

UPS Citi Subway track Mumbai Mumbai rains: Harbour line trains running late, down line shut at Kurla station. Check details

Mumbai local Main line, Transharbour line and 4th corridor line trains are running on time. Only Harbour line trains are running 20-30 minutes late. Harbour line local train services between Mumbai and Navi Mumbai were hit on Friday afternoon as heavy rains caused waterlogging at Kurla.

21.07 / 11:05

services Updates Mumbai Mumbai local train updates: Services delay, waterlogging at Kurla station and other details

The Central Railway in its 3:30 pm update said it all section trains are running while Harbour line trains are running 20-30 minutes late. The Central Railway also said that no long distance trains has been rescheduled as of yet.

21.07 / 05:37

Progressive awards cover Mumbai L&T Construction bags order worth over ₹7,000 crore for Mumbai-Ahmedabad high-speed rail project. Detail here

₹7,000 crore for the Mumbai Ahmedabad high-speed rail project. With this Package, the company will execute 92 percent of the main line between Shilphata and Ahmedabad. The project has been bagged for the construct the 135.45 km stretch MAHSR – C3 package which includes the construction of viaducts, stations, major river bridges, depots, tunnels, earth structures, stations, and other auxiliary works, L&T construction said in a BSE filing. Meanwhile, NHSRCL has already awarded contracts for the construction of Mumbai (BKC) station and 21 km of tunnels including a 7 km undersea tunnel works in Maharashtra.

21.07 / 03:15

Citi FIVE Citizens Waters Extreme Orange Traffic Updates Mumbai Mumbai rains: City on orange alert today; check local train and traffic updates here

monsoon rains across the state, a red alert has been issued in Pune, Raigad, Thane and Palghar districts today. As per IMD bulletin yesterday, isolated heavy to very heavy rainfall very likely to continue over Mumbai during next two days. Isolated extremely heavy rainfall likely over Konkan & Goa, ghat areas of Madhya Maharashtra, Gujarat state on 20th and 21st July. As per a civic official, the island city received an average 100 mm rainfall in the last 24 hours ending on 8 am on Thursday.

20.07 / 08:59

Citi Art Booking composer Shell show audience Mumbai After winning hearts in Mumbai & Delhi, Van Gogh 360° heads to Bengaluru from August 8; tickets start at Rs 1K

Van Gogh 360° heads to the garden city of India. After vowing audiences in Mumbai and Delhi, the limited-time immersive experience will be exhibited at Bhartiya Mall Of Bengaluru, Bhartiya City, from August 8. The last show will he displayed on September 3. People willing to experience Dutch painter Vincent van Gogh's life in art can book the tickets through BookMyShow. Art lovers, who registered for the exhibit in advance, can get the tickerts at a special price of Rs 999 (for weekdays) and Rs 1399 (for weekends). The special discount will only be be from Thursday (July 20 noon) to Saturday (July 22 noon).

20.07 / 05:43

Citi Twitter Apple Puzzle actress Mumbai Filter coffee, panki & monsoon: Paytm boss Vijay Shekhar Sharma & GOQii founder Vishal Gondal enjoy Mumbai food

Monsoon is the perfect setting for comfort food, especially if you are enjoying the Mumbai rains. Entrepreneurs and friends Vijay Shekhar Sharma and Vishal Gondal have been busy exploring the streets of the city and bingeing on delicious Mumbai food. The GOQii founder took to Twitter to share glimpses of their culinary journey around the city.

20.07 / 01:17

Citi Orange Schools Mumbai Maharashtra: Heavy rainfall forces closure of schools in Mumbai and THESE districts. Check list here

Maharashtra will remain closed on Thursday due to heavy rainfall. Raigad District Collector Yogesh Mhase and Chandrapur District Collector Vinay Gowda have each declared a holiday for educational institutions in their respective districts to ensure safety during the heavy rains. As reported by ANI, “Raigad District Collector Yogesh Mhase has declared a holiday for all schools and colleges in the district today in view of heavy rains.

19.07 / 23:43

Man Waters Extreme Yellow Orange track Mumbai Mumbai Rains: Commuter woes likely to continue on Thursday as IMD sounds orange alert. Know more

Heavy rainfall led to road closures, train cancellations and school holidays across Maharashtra on Wednesday. According to the India Meteorological Department the inclement weather conditions will persist over Mumbai and adjoining areas over the next few days. The weather department has issued an an orange alert for Thane, Palghar, Raigad, and Ratnagiri districts on July 20 as well as an yellow alert for Mumbai.

19.07 / 19:41

Provident Booking Manufacturing Action Mumbai Mumbai police files FIR against Italian designer Valentino

Mumbai Police has registered an FIR against Italian fashion design brand Valentino, its billionaire founder Valentino Clemente Ludovico Garavani and some officials, based on a complaint filed on behalf of an Indian-American fashion designer, on the directions of a metropolitan magistrate. The magistrate on July 7 directed the police (Matunga police station) to register an FIR, saying a perusal of the complaint and documents annexed by the complainant reveals that «the cognisable offence has been committed by the proposed accused».

19.07 / 17:57

UPS Citi Celebrity show performer voice Indian Mumbai QS ranking on world's best cities for students: No Indian city in top 100, Mumbai 118th

QS Best Student Cities survey that showcases the best urban destinations for international students. Mumbai (118th) is India’s highest-ranked city, followed by Delhi (132nd), Bengaluru (147th) and Chennai (151-160) in the 11th edition of the Quacquarelli Symonds’ Best Student Cities survey. One areas of concern for all Indian cities is the desirability indicator – which considers metrics related to quality of life, pollution index, safety, and the propensity of prospective students to select a city for their university experience — where no Indian city made it to the global top 100.

19.07 / 15:33

Citi Schools Mumbai Mumbai rains: All private and govt schools to remain shut tomorrow

As the heavy rains lash Mumbai, the government has announced that all schools in the city will remain shut on Thursday (20 July). The order came as the commercial capital of India is battering with continuous rains for last two days.

19.07 / 13:21

UPS Citi Mumbai Mumbai rains: CM Eknath Shinde orders govt offices to close early amid train delays

Mumbai rains have affected the vehicular and train movement in the region with several trains on the Central Line operating only up to Thane and Dombivli on Wednesday afternoon due to a point failure at Kalyan and flooding between the Ambernath and Badlapur sections. An official statement mentioned that train services on the Chhatrapati Shivaji Maharaj Terminus (CSMT)-Belapur route were operational.

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