Page 20 - Mumbai

Lilavati Hospital trust alleges Rs 1,200 cr fraud, files complaint with ED

The Lilavati Kirtilal Mehta Medical Trust (LKMM) filed a complaint against its ex-trustees, accusing them of siphoning off trust funds through fraudulent means and illegal offshore transactions

Ex-trustees misappropriated Rs 1,500 cr, claims Lilavati Hospital Trust

The charitable trust that runs Mumbai's well-known Lilavati Hospital on Tuesday alleged that funds to the tune of over Rs 1,500 crore were misappropriated by its former trustees and other related individuals. The Lilavati Kirtilal Mehta Medical Trust (LKMMT) has lodged separate complaints with the Enforcement Directorate (ED) and at the Bandra Police Station in this regard. It has also claimed black magic was performed in the hospital premises by erstwhile trustees and related individuals. The complaints allege the misappropriation, uncovered during a forensic audit of Lilavati Hospital's financial records, has impacted the trust's operations and healthcare services provided by the leading private medical facility located in upscale Bandra area. "We filed complaints which translated into FIRs due to the orders of the Bandra Magistrate Court. More than three FIRs have been filed against the former trustees and other related individuals. A fourth proceeding against these individuals

Adani Group wins Rs 36,000 cr Mumbai's Motilal Nagar redevelopment project

After the Dharavi slum redevelopment project, billionaire Gautam Adani's group has emerged as the highest bidder for the Rs 36,000 crore redevelopment of Motilal Nagar in Mumbai, sources said. Motilal Nagar I, II & III is one of Mumbai's biggest housing redevelopment projects, covering 143 acres in western suburb of Goregaon (W). Adani Properties Pvt Ltd (APPL) emerged as the highest bidder, offering more built-up area than its nearest rival, L&T, sources aware of the matter said. Letter of Allotment (LoA) will be issued in due course. This will be the second mega redevelopment project of Adani Group in Mumbai. It is already redeveloping Dharavi, one of Asia's largest slums in Mumbai. Adani Group did not offer any comments on the story. The Mumbai High Court last week gave Maharashtra Housing and Area Development Authority (MHADA) a go-ahead to redevelop Motilal Nagar through a construction and development agency (C&DA). The state government has declared it as a 'special ..

India's data centre capacity to grow to 2,000-2,100 MW by March 2027: ICRA

India's data centre (DC) operational capacity is expected to increase to 2,000-2,100 MW by March 2027 from around 1,150 MW as of December 2024, on the back of data usage and data localisation initiatives, according to rating agency Icra. Indian data centre players are projected to invest Rs 2-2.3 lakh crore, with a development pipeline of 3-3.5 GW to be delivered over the next 7-10 years. "Driven by AI requirements, the global DC market has already witnessed multiple large deals (>300 MW) signed by hyperscalers and India is expected to follow the trend. This, coupled with favourable regulatory policies and an infrastructure status for the DC sector will support strong growth prospects in India in the coming decade," Anupama Reddy, Vice President and Co-Group Head, Corporate Ratings, Icra said. While cloud, 5G rollout, machine learning and internet of things (IoT) are expected to generate enormous data and storage requirements, GenAI-led high computing requirements present a new .

Guns N' Roses to return to India after 12 years with Mumbai concert

Guns N' Roses to perform in India after 12 years, with a Mumbai concert on May 17. The iconic rock band's India 2025 Tour tickets go live on March 19

Maharashtra Budget 2025: New airport, job generation, road development

Ajit Pawar presented his 11th Maharashtra budget, making him the second-most frequent budget presenter in the state's history

Akshay Kumar sells Mumbai apartment in Borivali East for Rs 4.35 crore

The 1,073 sq ft apartment was bought in November 2017 for Rs 2.37 crore

MSRDC secures $2.5 bn funding commitments for Mumbai's ring road project

The new road, part of an ambitious infrastructure makeover of the world's densest metropolitan region, is intended to reduce traffic congestion near Mumbai and improve road quality

Four labourers die of suffocation while cleaning water tank in Mumbai

Four labourers died of suffocation on Sunday while cleaning a water tank in an under-construction building in south Mumbai, officials said. They had put the death toll at five earlier. "The incident occurred at Bismillah Space building located on Dimtimkar Road in the Nagpada area around 12.30 pm. Five persons entered the tank and fell unconscious. They were rescued by fire brigade personnel and rushed to JJ Hospital, where doctors declared four dead on arrival," a civic official said. He identified the deceased as Hasipal Shaikh (19), Raja Shaikh (20), Jiaulla Shaikh (36) and Imandu Shaikh (38), while the fifth person, Purhan Shaikh (31) is recuperating. An accidental death report (ADR) was registered and a probe has begun to find out lapses, if any, on the part of those who hired the five and whether safety protocols were adhered to, a JJ police station official said. Action will follow as per the findings of the probe, the police official added. Fire Brigade, BMC and police ..

Truck rentals stay lacklustre in Feb due to lower infra sector demand

The All India Motor Transport Congress (AIMTC) raised concerns over the government's draft notification, which proposes increased renewal charges for registration and fitness certificates

MeToo row: Mumbai court rejects Tanushree Dutta's plea against Nana Patekar

A Mumbai court on Friday refused to take cognisance of "MeToo" allegations levelled against veteran actor Nana Patekar by his co-star Tanushree Dutta in 2018 after observing the complaint was filed "beyond the period of limitation" without explaining reason for delay. In her complaint filed in October that year, Dutta had accused Patekar and three others of harassing and misbehaving with her in 2008 while shooting a song on the sets of the film "Horn Ok Pleasss". The issue hit national headlines and had sparked the #MeToo movement on social media. The police, in 2019, filed its final report before a magistrate court stating that its probe did not find anything incriminating against any of the accused. The FIR was found to be false, the police further said in its report. In legal terms such a report is called a 'B-summary'. At the time, Dutta had filed a protest petition urging the court to reject the B-summary. She urged the court to order further probe into her complaint. ...

BNP Paribas leases office in Mumbai's BKC for Rs 811 per square feet

The French financial services firm will pay a total rent of Rs 28.36 lakh per month

CorporatEdge raises Rs 100 cr equity fund from Carpedium Capital for growth

CorporatEdge, which provides flexible workspaces to companies, has raised Rs 100 crore from private equity firm Carpediem Capital for expansion of its business. In a statement on Thursday, CorporatEdge said the company plans to deploy Rs 350 crore, which includes Rs 100 crore equity infusion. The company will use the funds along with internal accruals to drive expansion across the key markets in India and the Middle East. In India, the company plans to strengthen its presence in Delhi-NCR and Bengaluru while strategically expanding into new markets such as Mumbai, Pune, Hyderabad, Chennai, and Ahmedabad. During the second phase of growth, CorporatEdge will extend its presence into tier 2 cities such as Lucknow, Chandigarh, and Kolkata. "By FY30, the company targets operating 50 centres across 10 cities, with a total footprint of over 1.5 million sq ft," it said. In the immediate term, the company will soon start two centres, spanning 50,000 square feet each, in the next quarter a

Mumbai sizzles: Mercury set to touch 39 degrees Celsius this week

The most affected regions include Kalyan, Dombivli, Bhiwandi, and Badlapur, where the mercury is expected to touch 43 degrees Celsius, marking a 5 degrees Celsius increase from the previous week

Mumbai civic body bans new road digging, asks citizens to report violations

BMC bans new road excavations before monsoon, urging citizens to report violations as it pushes to complete ongoing concretisation work by May 31 for smoother roads

Bombay HC permits Adani Group firm to cut mangroves for jetty project

The Bombay High Court on Wednesday permitted Adani Cementation Limited to cut 158 mangrove trees for its proposed jetty project along the Amba river in Maharashtra's Raigad district. A division bench of Chief Justice Alok Aradhe and Justice Bharati Dangre, however, emphasised the importance of balancing development with environmental conservation and directed the company to strictly adhere to the conditions imposed by regulatory authorities. While the project serves commercial interests, it must not lead to excessive depletion of natural resources, the HC said. The court said a balance needs to be struck between the necessity of the project, which aims at meeting the ever-increasing need for cement, and, at the same time, not compromising the ability of future generations to meet their own needs. It is necessary to ensure that the project results in minimum damage to the environment and natural resources, particularly when the entire planet is coping with the crisis of climate ...

Tesla signs 5-yr lease for Mumbai showroom, to start EV sales in 2025

The rent will increase by 5 per cent every year reaching about $542,000 for the fifth year, according to the registered lease document

Tiger count in Maharashtra up at 444 from 101 in 2000, says forest minister

Maharashtra Forest Minister Ganesh Naik on Wednesday said the state's tiger count has gone up to 444 this year from 101 in 2000, and the government has approved funds of Rs 200 crore for solar fencing of villages near tiger habitats. Naik was replying to a debate in the state assembly on the issue of man-animal conflicts in a wildlife sanctuary near Bhandara. The minister said two persons were killed in the area in tiger attacks this year. Naik assured the House that he would pursue the demand for fencing of villages which are close to forests and fall on the route of tiger movement. "The number of tigers in the state has gone up to 444 now compared to 101 in 2000," he told the House. Congress Legislature Party leader Vijay Wadettiwar said there was anger among locals over tiger attacks. Farmers were living in fear as tigers and leopards destroy crops as well, he said. Members cutting across party lines expressed concern over the increasing incidents of human-wildlife ...

Accused shot videos, clicked pics while torturing Beed sarpanch: Police

As sarpanch Santosh Deshmukh was tortured and killed in December 2024, the assailants recorded 15 videos, clicked eight photos and even made two video calls, police have said in a chargesheet, documenting the brutality endured by the victim. The videos and the photos are part of the chargesheet submitted by the Crime Investigation Department (CID) before a court in central Maharashtra's Beed district last week. Deshmukh, sarpanch of Massajog village in Beed district, was abducted and killed in December for attempting to foil an extortion bid on an energy company. His body, riddled with injuries and bearing signs of extreme brutality, was found dumped on the roadside. Seven men, including Walmik Karad, who is a close aide of state minister Dhananjay Munde, have been arrested so far, while one person has been declared wanted accused. The videos were shot on a smartphone of one of the accused, Mahesh Kedar, and their duration ranges between 2 seconds and 2.04 minutes, an official said

Cluster redevelopment in Mumbai races against time amid red tape

While the Maharashtra government has been promoting the scheme since 2018, it recently called for an audit of 13,000 cessed buildings in the Mumbai Metropolitan Region to ensure timely redevelopment