Page 8 - Mumbai

IBM opens Mumbai client centre to support Maharashtra's quantum push

The company has signed a Letter of Intent with the Maharashtra government to explore opportunities in quantum ecosystem development and talent building

Heavy rains hit Mumbai; low-lying areas flooded, local trains disrupted

Heavy downpour pummelled Mumbai and its suburbs, with some parts recording more than 200 mm rainfall in the wee hours of Saturday, inundating low-lying areas and affecting the movement of local trains. The India Meteorological Department (IMD) has issued a red alert, forecasting heavy to very heavy rainfall in the metropolis for two days. Incessant rain continued to lash parts of the city in the morning with occasional heavy spells. The Brihanmumbai Municipal Corporation (BMC) has appealed to citizens not to step out unnecessarily. Two people were killed and as many others sustained injuries in a landslide amid rains in the Vikhroli Parksite area in the eastern suburbs. The downpour began around 1 am and continued into the early hours of the day, causing waterlogging in low-lying areas of the western and eastern suburbs, including Vikhroli, Ghatkopar, Bhandup, Chunabhatti, Aarey, Andheri, Kings Circle, Malad, and Goregaon, among others. The suburban train services were also sever

Two dead, 2 injured in Vikhroli landslide amid heavy rains in Mumbai

Two persons were killed, and as many others sustained injuries in a landslide amid heavy rains in the eastern suburb of Vikhroli here on Saturday, civic officials said. The incident took place around 2.39 am at Varsha Nagar in Vikhroli Parksite, which falls under the collector's jurisdiction, they said. Soil and stones from a nearby hillock collapsed on a hut, injuring four persons, an official from the Brihanmumbai Municipal Corporation (BMC) said. He said the victims, who belong to one family, were rushed to civic-run Rajawadi Hospital, where doctors declared two of them dead. Emergency response teams, including personnel from the fire brigade, local police, and civic staff, were immediately mobilised to the site, the official said. Shalu Mishra (19) and Suresh Mishra (50) died in the incident, while two others, Aarti Mishra (45) and Ruturaj Mishra (20), sustained injuries and their condition is said to be stable, he said. He added that other residents of the area have been shi

Efforts on to reduce importance of Mumbai and Maharashtra: Uddhav

In a veiled attack on the ruling BJP, Shiv Sena (UBT) chief Uddhav Thackeray has claimed efforts are being made to diminish the importance of Mumbai and Maharashtra. He also urged the Supreme Court to hear his party's plea against the Maharashtra assembly speaker's decision to allot the 'bow and arrow' symbol to the ruling Shiv Sena, and claimed democracy would die if justice is not delivered. Speaking on Wednesday at the 65th foundation day of 'Marmik', a magazine started by Shiv Sena founder Bal Thackeray and his brother Shrikant Thackeray, Uddhav Thackeray said "Marathi manoos" ensured they get Mumbai. "Marathi manoos was treated as an outsider (before the undivided Shiv Sena was formed in 1966). Efforts are being made to create such circumstances again, to see whether a bite can be taken out of Mumbai and Maharashtra - be it the imposition of Hindi or reducing the importance of Mumbai and Maharashtra. These efforts have not stopped," the former CM claimed. "The work of Shiv Sen

Akasa Air to launch direct Mumbai-Phuket flights from September 20

Akasa Air will launch direct flights connecting Mumbai with Phuket from September 20 as the three-year-old airline expands its international network with the foray into Southeast Asia. With a fleet of 30 planes, the airline currently flies to 23 domestic and 5 international destinations. Starting September 20, 2025, Akasa Air will operate daily direct flights connecting Mumbai with Phuket (Thailand), a release said on Tuesday. Phuket will be 6th overseas destination for the carrier, which started flying on August 7, 2022. Presently, the airline flies to five overseas destinations -- Doha (Qatar), Jeddah, Riyadh (Saudi Arabia), Abu Dhabi (UAE) and Kuwait City (Kuwait). Last week, the airline said it will start flights to the SAARC and ASEAN regions in the next few years, in addition to leveraging the upcoming Navi Mumbai and Noida International Airports to develop a comprehensive network. Eight countries, including India, are part of the South Asian Association for Regional Cooper

CM Fadnavis shielding 'corrupt' ministers, claims Uddhav Thackeray

Shiv Sena (UBT) head Uddhav Thackeray on Monday accused Maharashtra Chief Minister Devendra Fadnavis of "shielding corrupt" ministers in his cabinet, and claimed the ruling Mahayuti has relegated the state to last position in development and top in corruption. Speaking at a protest organised here to demand the sacking of "corrupt" ministers, primarily from the rival Shiv Sena, which is a constituent of the Mahayuti along with the BJP and NCP, Thackeray said the agitation will continue until those ministers are shown the door. The Sena (UBT) said it has carried out similar agitation across the state. Thackeray asked the party workers to inform the public about "corrupt" actions of the Mahayuti ministers. "We gave them (government) evidence (against ministers) and yet there is no action on them. Someone is running a dance bar, another has a bag full of notes. There is no need of even any probe now, yet the CM does not sack the ministers," Thackeray said. The Shiv Sena (UBT) has bee

Keystone Realtors buys 3 Mumbai land parcels to build homes worth ₹7,700 cr

Keystone Realtors Ltd has bagged three redevelopment projects in Mumbai during the latest June quarter with a revenue potential of more than Rs 7,700 crore and is looking to acquire more land parcels for growth of its residential real estate business, a top company official said. In an interview with PTI, the company's CMD Boman Irani highlighted that the company performed exceedingly well in the first quarter of this fiscal on key metrics like sales bookings, launches and new business development (acquisition of land parcels to build projects). Mumbai-based Keystone Realtors achieved the highest-ever quarterly pre-sales of Rs 1,068 crore in April-June period of 2025-26 fiscal, a rise of 75 per cent from the same quarter last year. On business development, he said, "We added 3 projects in the first quarter having an estimated GDV (gross development value) of Rs 7,727 crore," Irani said, adding that the company has already surpassed the target of adding projects worth Rs 6,000 crore

DLF to invest ₹23,500 cr in ongoing housing projects in NCR, Mumbai

India's biggest realty firm DLF Ltd will invest Rs 23,500 crore to complete its residential projects that have already been launched across Delhi-NCR and Mumbai. According to an investor's presentation, the "total pending cost" to complete all launched projects is estimated at Rs 23,500 crore. To meet its pending construction spend, DLF mentioned that the company has a cash balance of Rs 10,429 crore, of which Rs 7,782 crore is parked in the escrow account of the Real Estate Regulatory Authority (RERA). That apart, the company has receivables of Rs 37,220 crore from its customers against residential properties sold to them. In a recent conference call with market analysts, DLF Group Chief Financial Officer (CFO) informed that the company invested around Rs 750 crore in construction during the first quarter of this year. He said the number would go up slightly in the coming quarters. Post-COVID pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-ci

Explained: Why feeding pigeons has become a political flashpoint in Mumbai

Mumbai's Kabutarkhana controversy revolves around issues of public health, religious protest, and political fallout ahead of civic polls

SC clearance ruling to revive 493 stalled projects in MMR, Pune: CREDAI

Supreme Court allows state bodies to retain project clearance powers, set to revive over 493 stalled projects in MMR and Pune, unlocking 70,000 housing units and easing supply

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