Page 12 - Mumbai

Tesla to open first India store in Mumbai on July 15, with more to follow

US electric automaker Tesla's Mumbai showroom will mark its India entry, with Delhi and other cities expected to follow as part of its expansion plan

Six Indian cities rank among Asia-Pacific's top 10 tech talent hubs

Bengaluru hosts the world's largest concentration of data scientists, Hyderabad leads in under-25 tech professionals, and Indian cities now account for 69 per cent of Asia-Pacific's total tech talent

Puravankara partners landowner to build ₹1K cr housing project in Bengaluru

Realty firm Puravankara Group on Thursday said it has partnered with a landowner to develop a housing project worth around Rs 1,000 crore at Balagere, in East Bengaluru. In a regulatory filing, the company informed that it has signed a joint development agreement (JDA) for a 5.5-acre land parcel in East Bengaluru, with an "estimated gross development value (GDV) of over Rs 1,000 crore." The land parcel offers a total combined saleable area of 0.83 million square feet. Puravankara did not mention the name of the landowner with whom it has signed the JDA and also did not disclose the revenue or profit sharing structure. The project, located in Balagere, is expected to be launched in the next 6-9 months. Ashish Puravankara, Managing Director of Puravankara, said, "This joint development underscores our sustained growth strategy and reaffirms our confidence in East Bengaluru, one of the city's most dynamic and promising micro-markets." Mallanna Sasalu, CEO - South, Puravankara Ltd, s

Heavy rains trigger yellow alert in Mumbai; Modak Sagar lake overflows

India Meteorological Department (IMD) issued a 'yellow alert' for Mumbai and coastal Maharashtra following incessant rain. Overflowing lakes signal improving water reserves

Illinois Tech's Mumbai campus aims for 300-student inaugural batch in 2026

India campus tuition fee may be a third of US campus fee

IL&FS moves NCLT to scrap Brookfield's Rs 1,080-cr bid for BKC property

The Infrastructure Leasing and Financial Services Ltd (IL&FS) has approached the National Company Law Tribunal (NCLT) to scrap the Canadian asset management firm Brookfield's Rs 1,080-crore bid for its flagship Bandra Kurla Complex property. IL&FS filed a petition in NCLT Mumbai bench on June 26, seeking to dismiss the Brookfield-backed bid for its flagship BKC property, the IL&FS Financial Centre (TIFC), citing bidder disqualification and non-compliance with bidding conditions. In its petition, IL&FS alleged that an affiliate of Brookfield, Chronos Properties, was required to maintain Performance Guarantee until the execution of definitive agreements. Chronos Properties failed to renew a Rs 108-crore Performance Guarantee, which expired in April, 2025, IL&FS said in the petition, adding that this entitles IL&FS to invoke the performance guarantees in addition to pursue remedies including disqualifying the bidder. "The failure to maintain its bid security has ..

Elderly woman in Mumbai duped of ₹1.15 cr by cyber fraudsters over 6 years

A 70-year-old woman from central Mumbai lost about Rs 1.15 crore to cyber scamsters, who posed as Income Tax (I-T) officials, over six years, police said on Wednesday. The incident came to light on Monday after the septuagenarian, a resident of the Worli area, filed a complaint with the Dadar police. The victim first received a call in May 2019 from a woman who claimed to be an I-T official and told her that the department wanted to return her deceased husband's money, the police said. The complainant was asked to clear "pending" taxes and various penalties accrued against her husband's name to get back his money, the official said. Believing the caller, the woman started depositing money into the accounts provided by the fraudsters, he said. Over six years, the complainant shelled out over Rs 1.15 crore in 50 transactions, but never received any money from the I-T department, he said. The woman recently shared the episode with her relatives, who told her that she was being conne

Keystone Realtors chosen for ₹3K cr cluster redevelopment project in Mumbai

Five DAs signed and three LoIs in place for 4.75-acre cluster project in Lokhandwala, giving Rustomjee 10.6 lakh sq ft saleable area in key Mumbai residential zone

Keystone Realtors target ₹3,000 cr revenue with redevelopment projects

Keystone Realtors Ltd has been selected to redevelop eight housing societies in Mumbai, enabling the company to generate revenue of Rs 3,000 crore from the saleable area. Mumbai-based Keystone Realtors sells properties under Rustomjee brand. In a regulatory filing on Wednesday, Keystone Realtors informed that "it has been selected by eight housing societies as the developer for the large-scale cluster redevelopment project in the highly sought after residential neighbourhood of Andheri West, Mumbai." The Development Agreement (DA) has already been executed with five societies, while LOIs have been received from the remaining three societies, with DA execution expected over the next few days. "The project involves the redevelopment of a cluster of private housing societies located in the heart of Andheri's vibrant residential hub, with a cumulative plot area of approximately 4.75 acres, encompassing 548 existing members. "The proposed redevelopment is expected to unlock a saleable

Keystone to redevelop Mumbai locality with Mhada, eyes GDV of Rs 4,521 cr

The project spans 11.19 acres in Sion Koliwada and will rehabilitate 1,200 members, unlocking 20.7 lakh sq ft of saleable area for Rustomjee and stock for Mhada

Vodafone Idea expands 5G coverage to 23 more cities across India

Debt-ridden telecom firm Vodafone Idea has expanded 5G coverage to 23 more cities, including states capitals Jaipur, Kolkata, and Lucknow, the company said on Monday. Vi has already launched 5G service in five cities -- Mumbai, Delhi-NCR, Bengaluru, Chandigarh, and Patna. "Vi... announced the next phase of its 5G rollout, with network deployment now underway in 23 cities. These include Ahmedabad, Agra, Aurangabad, Kozhikode, Cochin, Dehradun, Indore, Jaipur, Kolkata, Lucknow, Madurai, Malappuram, Meerut, Nagpur, Nashik, Pune, Rajkot, Sonepat, Surat, Siliguri, Trivandrum, Vadodara and Vizag," the company said. Vi has acquired 5G spectrum in 17 out of 22 telecom circles. "Users with 5G-enabled devices in the newly announced cities will be able to access Vi 5G services as the services go live. As an introductory offer, Vi is providing unlimited 5G data on plans starting from Rs 299," Vi said. The company said it has deployed 4G on the 900 MHz band across approximately 65,000 sites an

Mumbai mosques go digital with 'azan app' to overcome loudspeaker curbs

In the backdrop of curbs over the use of loudspeakers, half-a-dozen mosques in Mumbai have registered on a dedicated mobile phone application which relays the 'azan', or call to prayer, directly to the faithful in real-time. The app, Online Azan, has been developed by a Tamil Nadu-based company. Given the restrictions and sensitivities surrounding the use of loudspeakers for the call to prayer, the dedicated mobile app helps relay the azan directly to worshippers from local mosques, Fahad Khalil Pathan, managing trustee of Mahim Juma Masjid, told PTI. The free app will allow users to listen to the azan at home, especially during Ramzan (the Islamic holy month of fasting) and other times when public announcements are restricted, he explained. "The initiative comes after a police crackdown on the use of loudspeakers, where officers visited the mosque (Juma Masjid) and warned loudspeaker use could result in action. This led to the mosque temporarily disabling its sound system," Pathan

Delhi-Mumbai Expressway: Know travel time, route, project completion date

The Delhi-Mumbai Expressway will cut travel time between the two cities from 24 to 12 hours. At 1,380 km, it spans 6 states and features Asia's first wildlife overpasses

From stealth pioneer to spy: How a Mumbai-born engineer helped China build a B-2 bomber lookalike

Noshir Gowadia, once a key architect behind America's cutting-edge B-2 stealth bomber, betrayed US military secrets to China.

DRI busts gold melting unit in Mumbai, seizes gold worth ₹9 crore

The Directorate of Revenue Intelligence (DRI) has busted a gold melting facility in south Mumbai, seized the yellow metal worth Rs 8.93 crore and arrested seven members of a crime syndicate, officials said on Monday. The central agency had specific intelligence about the facility involved in melting of smuggled gold brought to India from Dubai with the help of carrier passengers recruited by an organized syndicate, an official said. Accordingly, the DRI's Mumbai Zonal Unit initiated action under the codename "Operation Alchemist" on Sunday night and uncovered the gold melting unit in the Masjid Bunder area. Initially, a DRI team nabbed two persons, who were coming out of the facility and 8.74 kg of gold in bar form was recovered from their possession, he said. A search was conducted at the facility, where DRI officials found that two operators were melting smuggled gold and converting the precious metal into bars, he said. During investigation it surfaced that 18 egg-shaped ...

Air India flight from Hyderabad to Mumbai cancelled due to technical snag

A Mumbai-bound Air India flight from Hyderabad with 92 passengers on board was grounded and subsequently cancelled on Friday due to a technical glitch, airport sources said. After boarding, a technical snag was noticed following which the passengers were deplaned and accommodated in another Air India flight, they said. "AI 2534 to Mumbai was cancelled due to technical reasons," the sources said.

Real estate giant DLF aims to launch Mumbai project by next quarter

DLF to launch Mumbai housing project in next quarter; Goa villa handover likely soon; Privana North sold out with 25% NRI participation and ₹11,000 crore revenue

Future-Proof Strategy: Leading with Clarity and Agility in a VUCA World

In this episode, Dr. Ketan Vira shares sharp insights on leading with clarity and agility in a VUCA world. A quick masterclass on future-proof strategy for students, managers, and entrepreneurs.

Actor Jaideep Ahlawat buys second Rs 10-crore flat in Mumbai's Andheri

The actor and his wife Jyoti Hooda bought a second apartment in Poorna Apartments in Andheri West, Mumbai, for Rs 10 crore, show documents accessed via Square Yards

Mumbai rains: 18 killed, travel hit, IMD issues red alert for Raigad

Relentless rains paralyse Mumbai, killing 18 and injuring 65, as IMD issues a red alert for Raigad and orange alerts for Mumbai, Thane, and Palghar