Page 10 - Mumbai

Keystone Realtors Q1FY26 results: Net profit declines 43.8% to ₹14.5 crore

Keystone Realtors' Q1 net profit drops to ₹14.5 crore as revenue falls 35.3% YoY; company adds ₹7,727 crore worth of new projects and exceeds full-year guidance

Tesla to open second India showroom in Delhi's Aerocity on Aug 11: Report

Tesla will open its second showroom in India at Delhi's Aerocity on August 11, following its Mumbai launch and Model Y debut

Registration of Mumbai properties up 4% at 88,639 units in Jan-Jul: Report

Mumbai real estate market continues to see strong demand, as registration of properties rose by 4 per cent to 88,639 units during the January-July period, according to Knight Frank. As many as 84,866 units were registered in Mumbai's municipal region during the first seven months of the last calendar year. The data relates to transactions in both primary and secondary property markets. The government's revenue from these registrations rose by 13 per cent year-on-year to Rs 7,854 crores, real estate consultant Knight Frank India said, citing data from the Maharashtra government. On both metrics, the consultant said that Mumbai recorded the strongest performance since 2013 for the January-July period. Shishir Baijal, Chairman & Managing Director, Knight Frank India, said, "Mumbai's residential market continues to show steady buyer confidence." In July, the registration of properties increased 2 per cent to 12,579 units as against 12,373 units in the same month last year. Commenting

Goyal to meet exporters in Mumbai to discuss impact of 25% US tariff

Commerce and Industry Minister Piyush Goyal will hold meetings with exporters from different sectors, including food processing, textiles, engineering, and chemicals, from August 2-4 in Mumbai to discuss the implications of 25 per cent tariff announced by the US, an industry official said on Friday. The official added that exporters from segments such as fisheries, engineering, IT, and pharma will also participate in the deliberations. Leather sector exporters are expected to meet the minister on August 4 here. The US on Friday slapped a 25 per cent tariff on India, potentially impacting about half of the USD 86-billion Indian exports to America, while the other half, including pharmaceuticals, electronics, and petroleum products, continued to be exempted from the levy. New Delhi continues to be engaged in talks with the US to work out a trade deal, but will make no compromise on agricultural, daily and genetically modified (GM) products, sources said on Friday. For the sixth roun

Tesla to inaugurate first India supercharging station in Mumbai next week

American electric car maker Tesla on Friday said it will launch its first charging station in Mumbai next week. The company, which had announced its much-awaited entry into the Indian market last month, said the first Tesla Charging Station in India will feature four V4 Supercharging Stalls (DC charging) and four Destination charging Stalls (AC charging). The Tesla Supercharging Stalls offer a peak charging speed of 250 kW starting at Rs 24/kW and destination chargers providing 11kW at Rs 14/kW, it said in a statement. "This will be the first of the eight Supercharging sites that were announced during the launch in Mumbai, with more planned across the country, to provide the optimal cross-country experience," the company added. Last month, Tesla launched its Model Y with price starting at Rs 59.89 lakh while opening its first experience centre at the Maker Maxity Commercial Complex, in Bandra Kurla Complex, Mumbai. Tesla said the "Model Y can add up to 267 kilometres of range in j

Mumbai property registrations slip 0.1% in July; luxury sales buoy revenue

Despite a marginal YoY dip in registrations, Mumbai's property market remained resilient in July 2025 with rising revenue and demand for high-value transactions

Power dressing redux: Premium menswear goes down a different path

From fit to fabric, the modern executive's wardrobe is all about precision, comfort, and quiet confidence

Waaree Energies net profit jumps nearly 93% to ₹773 cr in Apr-Jun

Waaree Energies on Monday posted nearly 93 per cent rise in its net profit to Rs 773 crore in the June quarter compared to the year-ago period, mainly on the back of higher revenues. The company had reported a net profit of Rs 401.13 crore in the same quarter a year ago, a statement said. Total revenues rose to Rs 4,597.18 crore in the quarter from Rs 3,496.41 crore in the same period a year ago. The company said it achieved the highest quarterly module production of 2.3 GW in the first quarter of FY26, driven by strong operational focus, and cell production continues to ramp up. The Board of Directors also approved an additional capital expenditure (capex) of Rs 2,754 crore for the expansion of cell capacity by 4 GW in Gujarat and Ingot-wafer by 4 GW in Maharashtra. The capex will be spread over FY 2026-27 and will be financed through a combination of internal accruals and borrowed capital. The board has also approved the proposal for the acquisition of 100 per cent shareholding

MMRDA deposits Rs 560 cr in Metro arbitration case with Reliance Infra

The Bombay High Court had directed MMRDA to pay Rs 1,169 crore to Reliance Infra arm MMOPL in an arbitration case related to the Versova-Andheri-Ghatkopar metro line

Akshay Kumar sells 2 Borivali East flats for ₹7.1 Cr, nets up to 99% gain

Both the properties are adjoining and are located in Sky City, developed by Oberoi Realty and spread across 25 acres. It is a ready-to-move-in residential project offering 3BHK, 3BHK+Studio, and Duple

Mumbai floods: 20 years ago, brave men saved lives with limited equipment

Rescuing a woman with a child from a pillar and some Divyang individuals from a bus amid the Mithi river surge still sends shivers down the spine of retired Mumbai Fire Brigade chief Prabhat Rahangdale, even two decades after the July 26 deluge that paralysed Mumbai. On that day, Mumbai came to a standstill as an unprecedented 944 mm of rainfall within 24 hours, combined with high tides, triggered flash floods and landslides that claimed 450 lives. Rahangdale vividly recalls his team rescuing 300 people from areas within a 10-km radiusKurla West, BKC, and Kalinaby deploying kayaks and jet skis, typically reserved for adventure sports. "I've participated in thousands of rescue operations, but some incidents remain permanently etched in memory," he reminisced. At the time, the Fire Brigade and the city civic body lacked dedicated flood rescue teams, prompting Rahangdale to enlist personnel from an agency specialising in beach adventure activities. He and other officials travelled in

Mumbai on orange alert amid heavy rain; know the reason for this downpour

India Meteorological Department warns of flooding, strong winds and transport disruption in Mumbai as the city faces one of the season's most intense wet spells

DLF-Trident Realty JV sells all 416 flats in Mumbai project for ₹2,300 cr

India's largest realty firm DLF Ltd and Trident Realty have sold all 416 flats for around Rs 2,300 crore in a luxury residential project in Mumbai on high demand. In a regulatory filing on Friday, DLF said that the entire 416 units launched in the first phase of 'The Westpark' project has been sold for Rs 2,300 crore in less than a week. DLF arm DLF Home Developers Ltd is developing this project at Andheri West in partnership with Trident Realty. "Our entry into Mumbai represents a significant strategic milestone for DLF," said Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Ltd. "Mumbai has always been a key component of our national growth strategy, and with the launch of The Westpark, we are proud to offer a development that resonates with the aspirations of the city's discerning residents," he added. DLF and Trident Realty will invest around Rs 900 crore to develop this luxury housing project at Andheri (West). The company launched the fir

Sun Pharma resolves US antitrust case with $200 mn agreement

Sun Pharmaceutical Industries on Thursday said it has settled an antitrust litigation in the US entailing a payment of USD 200 million. The subsidiaries of the company, Sun Pharmaceutical Industries, Inc. (SPII) and Taro Pharmaceuticals USA, Inc. have signed a settlement agreement with the End Purchaser Plaintiffs in the In re Generic Pharmaceuticals Pricing Antitrust Litigation in the Eastern District of Pennsylvania, US, the Mumbai-based drugmaker said in a regulatory filing. "Under the terms of the settlement agreement, the subsidiaries will make an aggregate payment of USD 200 million in exchange for a full release of all claims asserted against them in the End Purchaser Action by the settlement class members," it added. The settlement amounts may be reduced if more than a certain percentage of the total insured class members opt out of the putative class, the company stated. The settlement agreement is subject to court approval, it added.

Here's why Gen Z, millennials are opting for co-living spaces in big cities

More Gen Z and millennials in cities like Bengaluru and Mumbai are choosing co-living spaces over PGs for flexible stays, affordable rent, better amenities, and a built-in community

Dahi Handi: Maha to insure 150K 'Govindas'; payout of ₹10 lakh for fatality

The Maharashtra government has announced insurance coverage to 1.5 lakh 'Govindas' taking part in Dahi Handi festivities with a maximum payout at Rs 10 lakh in case of death, a move coming less than a month before the popular festival. During the Dahi Handi festival, part of Janmashtami celebrations, Govindas (youngsters) form human pyramids to smash a pot of milk, curd and butter suspended at a height, in a playful re-enactment of Lord Krishna's childhood antics. The insurance package will cover accidental injuries (sometime fatal) caused during the formation of human pyramids. The state government will bear the insurance costs for registered participants forming human pyramids during the popular festival, which will be celebrated on August 16 this year, according to a government resolution (GR) issued on Wednesday. The Maharashtra State Govinda Association, Mumbai, has been designated to verify the training, age and participation of Govindas, and submit their details to the ...

Maharashtra-Sabarmati bullet train corridor to be ready by 2029: Govt

Work in the Gujarat portion of the bullet train corridor between Vapi and Sabarmati is planned to be completed by December 2027 and the entire project from Maharashtra to the Sabarmati section is expected to be over by December 2029, Lok Sabha was informed on Wednesday. Providing an update on the country's most ambitious project after some members asked questions regarding the status of its construction, Railway Minister Ashwini Vaishnaw said the Mumbai-Ahmedabad High Speed Rail (MAHSR) Project (508 km) is under execution with technical and financial assistance from Japan. It is passing through Gujarat, Maharashtra and Dadra & Nagar Haveli with 12 stations planned at Mumbai, Thane, Virar, Boisar, Vapi, Billimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad and Sabarmati, he added. "The Gujarat portion of the corridor between Vapi and Sabarmati is planned to be completed by Dec, 2027. The entire project (Maharashtra to Sabarmati section) is expected to be completed by Dec, 2029," ...

Mumbai ultra-luxury home sales jumps 20% in H1 to record ₹14,751 cr: Report

Sales of ultra-luxury homes, each costing Rs 10 crore and above, in Mumbai rose 20 per cent in January-June this year to a record Rs 14,751 crore on strong demand, according to a report. Property consultant India Sotheby's International Realty (ISIR) and data analytics firm CRE Matrix on Tuesday released a report on Mumbai luxury housing market (both primary and secondary). As per the data, the sales of luxury homes (Rs 10 crore and above) in Mumbai in value terms, increased 20 per cent to Rs 14,751 crore in the first six months of this year, from Rs 12,285 crore in the corresponding period of the preceding year. In terms of volume, sales of ultra-luxury homes rose 11 per cent to 692 units in January-June period this year, from 622 units in the year-ago period. "Mumbai's luxury real estate market is at a pivotal moment. Record sales in H1 2025 signal sustained appetite for ultra-premium homes, especially in established micro-markets like Worli, Prabhadevi, Tardeo, Malabar Hill, and

'Will challenge in SC': Fadnavis shocked over HC decision on Mumbai blasts

On Monday, the Bombay High Court acquitted all 12 accused who had been convicted by the trial court for their alleged roles in the 2006 Mumbai train blasts

2006 Mumbai train blasts, Income Tax Bill 2025, Bangladesh jet crash, & more top #newsinamin

Nineteen years after the 2006 Mumbai train blasts that killed 189 and injured over 800, the Bombay High Court today acquitted all 12 men convicted by a lower court.