Mumbai Financial News

19.07 / 11:49
Citizens show Reserve Mumbai Railways plans a reserve compartment for senior citizens in Mumbai local
Mumbai may also get a reserved compartment in Mumbai local. In response to a public interest litigation filed in 2022, Indian Railways reportedly said that it is considering the reservation of one luggage compartment specifically for senior citizens in local trains. As per ToI, the PIL highlighted that approximately 50,000 elderly commuters travel daily on suburban trains in Mumbai, facing difficulties in finding seats, as the limited 14 seats dedicated to seniors in the second class are often occupied by younger passengers during peak hours.
19.07 / 10:47
Orange collapses Mumbai 5-year-old dies after portion of building collapses on her in Mumbai
disaster management with immediate effect in Maharashtra. The Meteorological Department has warned of heavy rainfall in many places in the states. “Moderate to intense spells of rain very likely over the districts of Raigad, Thane, Mumbai, Palghar, and Ratnagiri during the next 3-4 hours.
19.07 / 10:29
Citi Airlines Traffic Mumbai Mumbai airport June air traffic at 107% of pre-covid level
airport handled 4.2 million passengers in June, an increase of 107% from pre-covid levels of June 2019. Of the total passenger traffic recorded in June, the airport witnessed 2.14 million passengers at arrivals and 2.04 million at departures. Total air traffic in June rose 33% on year.
19.07 / 07:07
Citi Orange services Mumbai Heavy rains lash Mumbai amid ‘Orange alert’; waterlogging affects train services
Indian Meteorological Department (IMD) issued an ‘orange’ alert for parts of Mumbai as the city witnessed heavy rains on Wednesday morning. Heavy to very heavy showers are predicted at some places during the day. Local train services came to a halt between Badlapur and Ambarnath section in Thane district adjoining Mumbai due to water-logging on railway tracks after heavy rains. Train services on the Panvel-Belapur Harbour Line route were affected to a «point failure» at Panvel at 9.40 am, Central Railway's chief public relations officer Shivraj Manaspure said. The services were reinstalled at 10:00 am. Many passengers of the Central railway complained of trains running 10-15 minutes late. Bus services of the Brihanmumbai Electric Supply and Transport (BEST) undertaking were running as per their proper routes and there was no diversion, a civic official said.
19.07 / 02:05
Citi Extreme Metro Orange Mumbai Mumbai: Heavy downpour to continue today, IMD issues orange alert
weather forecast agency, heavy rainfall in the city and suburbs is expected with possibility of very heavy rainfall at a few places. It has also issued orange alert for the metro city, marking very heavy rainfall in the city.
19.07 / 02:05
Citi Action Mumbai Mumbai sees surge in mosquito-borne diseases in July due to monsoon. Details here
Also read: See How Ticks and Mosquitoes Are Carrying Diseases to More of the U.S. The report also highlighted the prevalence of other monsoon-related diseases in the city.
18.07 / 09:29
Citi Target FIVE Digital Aware Platform Persona Mumbai Tim Hortons treats, beverages to be available at doorstep in Mumbai via Zomato from next month
Also read: Zomato rolls out food trends platform for restaurant partners Before its launch, Tim Hortons focused on creating awareness through digital channels, especially social media, to target specific sections of the audience and establish a lifestyle brand persona. Tim Hortons has already introduced nine stores in the National Capital Region (NCR), two in Mumbai, and six in Punjab and has ambitious plans to further expand to Pune and Bengaluru.
18.07 / 04:55
UPS Target Traffic Mumbai 'PM Modi govt, UP CM Yogi Adityanath are on target': Mumbai's traffic control room receives threating messages
Yogi Adityanath and PM Modi government are on target. The accused also threatened to be ready for anothet 26/11 terrorist attack.
17.07 / 02:29
UPS Citi Chase Mumbai Mumbai dogs get Aadhaar card for easy identification. All you need to know
airport on Saturday morning. The unique identification cards were strung around their neck with QR codes. After scanning the codes, one can get the dog's complete information which can be used in case he is lost.  The Brihanmumbai Municipal Corporation (BMC) also vaccinated the dogs outside terminal 1 of Chhatrapati Shivaji Maharaj International Airport, Sahar, according to a report published by The Times Of India.  Akshay Ridlan, an engineer from Sion, came up with the idea of tagging Aadhaar cards for dogs through an initiative titled ‘pawfriend.in’ He said that the team of ‘pawfriend.in’ started chasing the stray dogs to fix the QR code tags and to vaccinate them at 8.30 am on Saturday.
15.07 / 14:47
FIVE BURST Mumbai Mumbai Police bans drones, gliders, gathering of 5 or more person till 29 July
ALSO READ: Caller warns Mumbai Police of 26/11-like terror attack again if… Apart from this, the order also restricts unlawful assemblies of five or more persons, as the police gathered information from various sources about the likelihood of a breach of peace and disturbance to public tranquility from such gatherings. The ban covers processions, the use of loudspeakers and other sound amplifying systems, musical bands, and bursting of firecrackers, said the official.
15.07 / 12:51
Target FIVE Waters BURST Mumbai Mumbai police issues prohibitory order banning drones, gliders & unlawful gathering of five or more persons
Mumbai police on Saturday issued a preventive order banning the flying of drones, remote controlled micro light aircraft, paragliders, para motors, hand gliders and hot air balloons over the metropolis for a period of 30 days, an official said. The prohibitory order, which he said was a «regular» one, was in view of the possibility of misuse of such objects to target VVIPS, endanger life of public at large, destroy public property and cause law and order disturbance. The order also bans unlawful assemblies of five or more persons due to information gathered from various sources about the likelihood of breach of peace and disturbance to public tranquility from such gatherings, the official added. The prohibitory order covers processions, use of loudspeakers and other sound amplifying systems, musical bands and bursting of firecrackers, he said. However, marriage and funeral functions, statutory meeting of companies, clubs, and assemblies in and around cinemas, halls, schools etc are exempt, the official pointed out.
15.07 / 09:31
Waters Manufacturing Platform Assurant Mumbai India-France sign MoU to manufacture submarine, surface combatants in Mumbai, Kolkata for export
Hindustan Times, the focus of PM Modi was to marry India's talent and workers with the high-end technology of France to produce platforms for the time to come. Despite the media's exclusive attention on 26 Rafale M fighter jets and three Scorpene submarines, the two leaders reached an agreement to construct compact diesel-powered attack submarines for nations in the Indo-Pacific region that face aggression from China.
15.07 / 02:35
Citi Twitter FIVE BAY Subway Warning Mumbai Mumbai rains: IMD predicts moderate to heavy rainfall for next 5 days, warning issued to fishermen
Mumbai, Thane, Palghar, Raigarh, and others. It has predicted moderate to heavy rainfall for the next five days in Mumbai, Sindhudurg, Dhule, Ratnagiri, etc.  According to the notice issued by Regional Meteorological Centre, heavy rainfall is expected at isolated places in Mumbai for the next five days. Heavy to very heavy rainfall is also forecasted at isolated places in Raigad and Ratnagiri, ANI reported.  The weather office has also warned fishermen not to venture out in the sea for the next five days.
14.07 / 14:25
Citi Provident Twitter Citizens Waters Action infection Mumbai Hansal Mehta complains of severe stomach infection, Snapdeal founder Kunal Bahl says he got it too after Mumbai trip
A day after film-maker Hansal Mehta complained of a severe stomach bug, entrepreneur-turned-investor Kunal Bahl revealed that he fell prey to it too last week in Mumbai. Taking to Twitter, the Snapdeal founder quote-tweeted Mehta's post and said he got a severe infection to last week after a trip to Mumbai. Despite a full course of antibiotics, he has been still suffering from the bug.
14.07 / 13:41
Citi Twitter Yellow Mumbai Mumbai rains make a comeback, IMD issues ‘yellow’ alert
Marg S.V road," Mumbai Traffic Police said on Twitter. A spokesperson of the Brihanmumbai Electricity Supply and Transport, also known as BEST, said the transport body diverted its buses on around half a dozen routes due to a tree fall incident near Sadhana Vidyalaya at Sion.
14.07 / 11:31
UPS Citi Provident Booking Landmark Platform Mumbai Turning a new page: JSW Group completes restoration & conservation of David Sassoon Library in Mumbai's Kala Ghoda in 16 months
“I have been involved with the Kala Ghoda Art Festival since 1998. Since all these years, the David Sassoon Library has welcomed me and millions of people with open doors during the Kala Ghoda Arts Festival. When I was approached to support the restoration of the library, I saw it as yet another opportunity to preserve the legacy of it for future generations,” says Sangita Jindal, Chairperson of JSW Foundation, who conceptualised and implemented the restoration along with India’s leading Conservation Architect, Abha Narain Lambah. “My purpose in restoring the David Sassoon Library is to conserve the beauty and legacy of one of the oldest libraries in the city,” adds Jindal.
14.07 / 09:39
UPS Align Mumbai Mumbai gets first IIM following Union Cabinet's amendment, NITIE gets rechristened
Narendra Modi, approved a bill for this transformation, signalling a significant milestone for NITIE Mumbai. NITIE Mumbai was established in 1963 with the support of the United Nations Development Programme and the International Labour Organization.
14.07 / 07:13
COST Power Mumbai Customers Tata Power's 7.5 lakh Mumbai customers to pay lower old tariff after APLTEL order
Tata Power on Friday said its 7.5 lakh consumers in Mumbai to get substantial tariff reduction after an order by Appellate Tribunal for Electricity (APTEL), staying hike by state regulator MERC. «The APTEL today passed an order granting interim relief sought by Tata Power by staying the Maharashtra State Electricity Regulatory Commission's (MERC) revised tariff schedule on MTR (multiple tariff revision) frameworks approved by the Hon'ble Maharashtra Electricity Regulatory Commission (MERC),» a company statement said.
14.07 / 05:21
Citi Mumbai Caller warns Mumbai Police of 26/11-like terror attack again if…
Pakistani woman Seema Haider did not return to her country, said an official on Friday, according to PTI reports.  Police received the call on July 12. The caller, who spoke in Urdu, said there would be a terror attack, like the one that took place on November 26, 2008, in Mumbai and that the Uttar Pradesh government will be responsible for it, the police official said.  He informed that Mumbai Police is investigating the threat call and a crime branch team has also been roped in.
14.07 / 03:49
Updates Mumbai Mumbai Rains: IMD prediction, waterlogging, Mumbai local updates; details here
Marg S.V road, informed Mumbai local police on Friday. Despite continuous rainfall, Western Railway zone has updated that the Mumbai suburban and Harbour Line are running normally.
13.07 / 19:11
Aware Mumbai Mumbai realtor illegally sells 82 flats during insolvency process
Rashmi Housing, while the company was still undergoing the Corporate Insolvency Resolution Process (CIRP), sold 82 apartments in the company’s projects in contravention of the law. The tribunal has now set aside the sale of these 82 flats and has also imposed a fine of Rs 3 lakh on each of the promoters. Finance Advisors & Managers and Vista ITCL, formerly an IL&FS trust company, had taken the developer Rashmi Housing to the National Company Law Tribunal (NCLT) following its default in payments. The NCLT had admitted the company under insolvency and had appointed OP Agrawal as the interim resolution professional to take over the operations of the defaulter company in 2018 while suspending its directors and intimating them about implications of the moratorium under the code. In February 2019, one of the employees of the company had requested the resolution professional through an email to authorise the suspended directors to sign pre-CIRP sale agreements. In response to the said email the resolution professional held that permission for agreements related to the pre CIRP period will be required to be put before the COC.

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