Page 39 - Mumbai

QMS Medical acquires 51% stake in Saarathi Healthcare for Rs 45 crore

QMS Medical Allied Services on Friday said it has acquired a 51 per cent stake in Saarathi Healthcare for Rs 450 crore. Mumbai-based QMS MAS is engaged in the marketing and distribution of a wide range of medical products. "The acquisition of Saarathi is the natural extension of our services and another step of our expansion plan. Where QMS MAS specializes in patient screening, Saarathi specializes in disease management leading to better disease outcomes essentially enabling us to provide a comprehensive portfolio to our clients," QMS Medical Allied Services CMD Mahesh Makhija said in a statement. This move will have a significant addition to company's revenues and profitability from the onset of the next fiscal year, he added. Saarathi Healthcare Founder & CEO Ranjeeta Vinil said the companies will forge ahead with collective strength in products and services.

T20 WC victory rally: More than 60 missing phone complaints filed with cops

At least 60 persons approached Mumbai police with complaints of mobile phone theft after the massive victory parade held for the T20 World Cup winning Indian team at Marine Drive, an official said on Friday. The parade, which was held on Thursday, was among the biggest welcome events of its kind with several thousand people converging at the iconic promenade. "At least 64 persons lost their mobile phones during the event. Since then, some 60 persons have approached Marine Drive police station to lodge complaints. Four complaints have been filed online. Thirteen phones that were found on the road were returned to their owners," he said. The official pointed out there were no complaints of theft, misbehaviour with women etc during the event, adding that the discipline shown by the thousands who took part in the event by following instructions was praiseworthy. Incidentally, a video of people moving away on a stretch packed to the brim to open a path for an ambulance garnered all ...

11 hospitalised as sea of fans joins Team India's victory parade in Mumbai

At least 11 persons were rushed to hospitals for minor injuries or feeling dizzy after a massive crowd gathered along the route of the victory parade of the T-20 World Cup-winning Indian cricket team in South Mumbai, an official said on Friday. Nine were admitted to the state-run GT Hospital for suffering injuries or complaining of breathing difficulties due to excessive crowding. They are now in a stable condition, said the dean of JJ Group of Hospitals. Officials said one fan was taken to the government-run St George's Hospital near Chhatrapati Shivaji Maharaj Terminus and was allowed to go after primary care. Another person was taken to a private hospital in south Mumbai and discharged after treatment. Thousands of fans thronged Marine Drive to witness the victory parade of the Indian cricket team on Thursday evening. Police deployed a large number of personnel and made elaborate security arrangements between Marine Drive and Wankhede Stadium to avoid any untoward incident. Mum

Realty co Mahindra Lifespace eyes Rs 2,050 cr revenue from 2 new projects

Realty firm Mahindra Lifespace Developers Ltd on Thursday said it has acquired land in Bengaluru and bagged a redevelopment project in Mumbai with a combined revenue potential of Rs 2,050 crore. In a regulatory filing, the company informed about the "closure of two deals aggregating to Rs 2,050 crore in Gross Development Value (GDV)". These strategic moves include securing a third redevelopment project in Mumbai and acquiring a prime land parcel in Bengaluru, it added. Mahindra Lifespaces has been chosen as the preferred partner for the redevelopment of seven residential societies in the prestigious Borivali West, Mumbai neighbourhood. The company has recently acquired 2.37 acres of land in Singasandra, South Bengaluru. The land is estimated to have a developable potential of approximately 0.25 million square feet, with a Gross Development Value of around Rs 250 crore. Amit Kumar Sinha, Managing Director & CEO, Mahindra Lifespace Developers Ltd, said, "These strategic moves in ...

Companies resort to 'office peacocking' to retain, lure employees: Report

To retain employees and bring them back to office, many companies are resorting to 'Office Peacocking', which involves creating a swanky or fancy work space, and spending huge amounts of their budget on attractive designs, says industry experts. The 'Office Peacocking' concept gained significant traction in India post-Covid, as companies sought to entice employees back to the office following the remote work shift induced by the pandemic in order to compete with the comfort of home offices, human resource service provider TeamLease Services CEO-Staffing Kartik Narayan told PTI. Peacocking involves redesigning office spaces with stylish decor, trendy furniture, cosy corners, natural light, and well-stocked pantries to create an inviting and vibrant work environment. The goal is to make the office more attractive and enjoyable for employees, enhancing their willingness to return to in-person work. "Companies are allocating a substantial portion of their budgets for office redesigns. .

Gangster Abu Salem moved out of Taloja prison for transfer to Nashik jail

Gangster Abu Salem, who has been serving life sentence in the 1993 serial blasts case, was moved out of the Taloja prison in Navi Mumbai on Thursday and is being transferred to the central jail in Nashik amid tight police security, an official said. Salem was taken out of the Taloja jail in a vehicle at 11.30 am, he said. Extradited from Portugal in 2005, Salem was convicted and awarded life sentence in 2017 for his role in the 1993 Mumbai serial blasts case. He was lodged in the Taloja prison, but the jail authorities had submitted to the special court that he needs to be shifted to the Nashik Central Prison given that the high-security cell inside the Taloja prison was in shambles and needs urgent repair. Salem had moved the Bombay High Court challenging a special court's order, which last month rejected his application against his planned transfer from Taloja prison to Nashik Central Prison, claiming a threat to his life. Salem claimed the decision to shift him out of the Taloj

Housing sales up 11% in Jan-Jun to hit 10-yr peak in 8 cities: Knight Frank

Indian real estate market remained buoyant in January-June this year, with housing sales hitting an 11-year high at 1.73 lakh units and office demand at a record 34.7 million square feet across eight major cities, according to Knight Frank. On an annual basis, housing sales rose 11 per cent to 1,73,241 units while leasing of office space grew 33 per cent to 34.7 million square feet during January-June this year across eight major cities. Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, "India's real estate market has been buoyant in the last few quarters owing to the strong economic fundamentals and stable socio-political conditions." As a result, the residential and office segments have recorded decadal-high numbers, he told reporters in a virtual press conference on Thursday. He noted that premium housing formed 34 per cent of all sales in the first half of 2024. "Concurrently, India's status as one of the fastest-growing large economies has positively

Rohit Sharma, T20 team to hold victory parade in Mumbai: Traffic updates

Rohit Sharma-led team, which clinched a thrilling seven-run victory over South Africa in the final of T20 cricket World Cup in Bridgetown, Barbados on Saturday, returned to India today

Hathras tragedy: A look at the deadliest stampedes in India over the years

Recent stampedes in India have occurred due to a combination of factors, like high turnout at religious, or other social events, poor crowd management and poorly managed venues and infrastructure

Hawkers have taken over Mumbai streets, no place left for pedestrians: HC

Unauthorised hawkers have virtually taken over every street in the city leaving no place for pedestrians, the Bombay High Court has observed, asking why ordinary citizens should not get the treatment that only "VVIPs" seem to get. A division bench of Justices M S Sonak and Kamal Khata, in an order on June 25, said the problem has reached "alarming proportions", and the government and civic body cannot take their own "sweet time" to deal with it. A copy of the order became available on Tuesday. The high court last year took suo motu (on its own) note of the issue of illegal and unauthorised hawkers and vendors in Mumbai and initiated this petition. The court has issued several directions to the Maharashtra government and the Brihanmumbai Municipal Corporation but their implementation continues to be a casualty, the judges said. "The hawkers and street vendors have virtually taken over the street lanes and bylanes. There is no place for people to walk on the footpaths," the HC ...

Mumbai terror accused extraditable to India under treaty: US attorney

Pakistani-origin Canadian businessman Tahawwur Rana, who is sought in India for his involvement in the 2008 Mumbai terror attack, is extraditable under the plain provisions of the US-India extradition treaty, a US attorney has told a federal court. Assistant US Attorney, Criminal Appeals Chief Bram Alden was making a closing argument before the US Court of Appeals for the Ninth Circuit, where Rana has appealed against the order by a US District Court in California that denied the writ of habeas corpus. In May, Rana, 63, had filed a writ of habeas corpus challenging the court order, which acceded with the request of the US government that the 2008 Mumbai terror attacks accused be extradited to India. Rana is extraditable to India under the plain provisions of the treaty, and India has established probable cause to prosecute him for his role in terrorist attacks that resulted in 166 deaths and 239 injuries, Alden said. In his deposition before the court on June 5, Alden, who left the

T-shirts, torn jeans also not allowed in Mumbai college after hijab ban

A city-based college, which has been in news for imposing a ban on hijab, has now also barred students from wearing torn jeans, T-shirts, "revealing" dresses and jerseys, or a dress that reveals religion or shows "cultural disparity". The Chembur Trombay Education Society's N G Acharya and D K Marathe College, in the notice issued on June 27, also said students should wear a formal and decent dress while on campus. Students can wear a half or full shirt and trousers. Girls can wear any Indian or western outfit, it said. The directive came after the Bombay High Court on June 26 refused to interfere in a decision taken by the college to impose a ban on hijab, burka and naqab on its premises, observing that such rules do not violate students' fundamental rights. "Students shall not wear any dress which reveals religion or shows cultural disparity. Nakab, hijab, burka, stole, cap, etc shall be removed by going to the common rooms on the ground floor and then only (students) can move ..

Maha govt to unveil new policy for hoardings in Mumbai Metropolitan Region

The Maharashtra government will soon unveil a policy regarding hoardings in the Mumbai Metropolitan Region (MMR), state Minister Uday Samant told the legislative assembly on Monday. Samant made the statement during a discussion about hoardings erected in the city by violating rules and the hoarding collapse incident in which 17 people lost their lives last month. "A policy will be unveiled once the code of conduct for the legislative council polls ends after the results are declared for the graduates and teachers constituencies," the minister said. He said the committee headed by former Allahabad High Court chief justice Dilip Bhosle is probing the May 13 hoarding collapse in Mumbai's Ghatkopar area. BJP legislator Ram Kadam alleged that Bhavesh Bhinde, whose firm erected the hoarding that collapsed, was photographed with Shiv Sena (UBT) chief Uddhav Thackeray, and his role should also be probed. Samant further said that permissions are not taken from the civic authorities when ..

Mumbai clocks 12% growth in property registrations in June: Knight Frank

The registration of properties in the Mumbai municipal region rose 12 per cent annually in June to 11,575 units on better demand for housing assets, according to Knight Frank. Mumbai city (area under Bombay Municipal Corporation jurisdiction) saw registration of 11,575 units in June against 10,319 units in the same month last year, as per the data compiled by real estate consultant Knight Frank from the Maharashtra government portal. However, the number of registrations in June was lower than in May, when 12,000 units were registered. The bulk of the registration is for housing properties. Strong buyer confidence has kept property registrations in Mumbai above the 10,000 mark for the first six months of the 2024 calendar year. In June 2024, Mumbai experienced the highest number of property registrations for any June month in the past 12 years, the consultant said. Knight Frank attributed this surge to rising economic prosperity and a favourable sentiment towards homeownership. K

Nazara subsidiary to fully acquire Freaks 4U Gaming in deal worth Rs 271 cr

E-sports and gaming company NODWIN will enhance its stake to 100 per cent in its European peer Freaks 4U in a share swap deal valued at around Rs 271 crore, the company said on Friday. Singapore-based NODWIN is a material subsidiary of Nazara Technologies, a company headquartered in Mumbai. "NODWIN Gaming International Pte has signed definitive agreements to increase its existing 13.51 per cent stake in Freaks 4U Gaming GmbH to 100 per cent in tranches through a share swap valued at up to Rs 271 crore (Euro 30.3 million)," the company said in a statement. NODWIN will initially increase its existing stake in Freaks 4U to 57 per cent. "The remaining 43 per cent held by the founders Michael Haenisch, Matthias Remmert and Jens Enders will be swapped at a later time at its option. Existing investors of Freaks 4U Gaming will become shareholders of NODWIN Pte," the statement said. Freaks 4U generated Rs 223 crore (Euro 26.9 million) revenue in 2023. NODWIN acquired a minority stake in F

Leasing for flexible offices records best quarter in April-June: Report

Mumbai leads trend; India's office market to see 'sustained growth': Colliers

Bombay HC refuses to interfere in hijab ban decision of Mumbai college

The Bombay High Court on Wednesday refused to interfere in a decision taken by a city-based college to impose a ban on hijab, burka and naqab in its premises. A division bench of Justices A S Chandurkar and Rajesh Patil said it was not inclined to interfere in the decision taken by the college and dismissed a petition filed against it by nine girl students, who are in the second and third year of a science degree course. The students moved the HC earlier this month, challenging a directive issued by the Chembur Trombay Education Society's NG Acharya and DK Marathe College imposing a dress code under which students cannot wear a hijab, naqab, burka, stoles, caps and badges inside the premises. The petitioners claimed such a directive was against their fundamental rights to practice their religion, right to privacy and right to choice. The plea termed the college action as "arbitrary, unreasonable, bad-in-law and perverse". The petitioner's advocate, Altaf Khan, last week submitted

Ghatkopar hoarding collapse: Maha govt suspends IPS officer Quaiser Khalid

Mumbai Crime Branch has so far arrested Bhavesh Bhide, director of Ego Media, which had erected the structure

Sattva Group to invest Rs 12-14K cr in next 3 yrs to build infra projects

Realty firm Sattva Group will invest Rs 12,000-14,000 crore over the next three years to build housing, office and hotel projects and is in talks with PE major Blackstone to launch REIT for monetisation of commercial assets. Bengaluru-based Sattva Group is one of the leading real estate developers in India. It has completed 140 projects comprising 80 million square feet area in the last 30 years. Around 23 million square feet of area is under construction and 65 million square feet is in the pipeline. Addressing a press conference here, Sattva Group Managing Director Bijay Agarwal said, "We are very bullish on the real estate market. We will be investing Rs 12,000-14,000 crore over the next three years across residential, commercial and hospitality verticals." The investments will be funded through equity, debt and internal accruals, he said, adding that the company might raise equity funds at the project level if needed. Agarwal noted that the demand for the residential segment ha

Vizag beats Mumbai port; emerges as India's top seafood exporting gateway

Visakhapatnam Port emerged as India's top seafood exporting gateway, clocking an impressive shipment of 3.14 lakh tonnes, valued at Rs 17,984 crore in fiscal 2023-24, a port official said on Monday. Mumbai-based Jawaharlal Nehru Port Authority (JNPA), which handled over 2.4 lakh tonnes of seafood, valued at Rs 6,396 crore is ranked behind the Visakhapatnam port, followed by Cochin Port at the third position, logging over 1.81 lakh tonnes (Rs 6,120 crore). "Visakhapatnam Port has established itself as the premier port in India for marine product shipments, handling an impressive 3,14,199 tonnes of seafood valued at Rs 17,984 crore in FY24. This achievement positions Visakhapatnam Port at the forefront of the nation's seafood export sector," said Visakhapatnam Port Authority (VPA) secretary T Venu Gopal in a press release. According to Venu Gopal, India's seafood exports touched an all-time high of nearly 18 lakh tonnes in the previous fiscal, worth Rs 60,534 crore. Incidentally, thi