Navi Mumbai International Airport (NMIA) has officially commenced its international flight operations with an Air India Express service to Abu Dhabi, marking a significant boost in connectivity for the Mumbai Metropolitan Region and establishing a new global gateway.
The initiative is expected to begin with operations in Guntur, with both parties working towards enabling 10,000 daily drone flights across Andhra Pradesh over the coming year, a scale that could position the state among the largest commercial drone delivery networks globally.
The Brihanmumbai Municipal Corporation (BMC) has formed a two-member committee to investigate the fatal tree collapse on a school bus in Chembur, which killed a student and injured four others. An assistant garden superintendent has been suspended for alleged negligence, and the committee is tasked with recommending preventive measures.
Nayara Energy, India's largest private fuel retailer, has reduced petrol prices by Rs 5 per litre and diesel by Rs 3 per litre nationwide, marking the first such cut in over two years. This reduction follows easing tensions in West Asia and stabilised international crude oil prices, though public sector retailers have not yet followed suit.
State-owned Bank of Baroda (BoB) reported a 72 per cent year-on-year (Y-o-Y) drop in net profit to 1,278 crore for Q1FY27 due to a $600 million out-of-court settlement related to NMC Health Plc. In contrast, Bank of India (BoI) saw its net profit rise by 36.23 per cent Y-o-Y to 3,068 crore for the same quarter, driven by healthy loan growth and improved asset quality.
'We looked up and there was a man dressed as Mahatma Gandhi walking with the protesters under Minto Bridge. Everyone burst into laughter. Almost instinctively, we shouted, 'Bapu ki jai ho!' It's one of those moments I'll never forget.'
The Mumbai civic body declared a holiday for schools and colleges in the afternoon session following an India Meteorological Department (IMD) red alert for extremely heavy rainfall. Citizens have been advised to stay indoors unless necessary, as the city continues to experience significant monsoon downpours, with some areas receiving over 100 mm of rain.
Reliance Industries Ltd reported a 22 per cent year-on-year decline in consolidated net profit for the June quarter, primarily because the previous year's earnings were inflated by a one-time gain from the sale of its stake in Asian Paints.
The death toll from the Moshi waste processing unit collapse near Pune has risen to nine after the body of the last missing person was recovered. The incident, which occurred on July 8, involved a three-storey administrative building collapsing due to an adjacent garbage mound landslide. The company operating the plant has offered compensation, medical expenses, and jobs to the victims' families, while describing the event as an "act of God."
Rahul Ashok Patil, the 35-year-old son of a former deputy mayor of Mira-Bhayandar, died after a coconut tree fell on him during heavy rains and strong winds. He succumbed to his injuries two days after the incident, marking the first rain-related casualty in the city this monsoon.
Indian Hotels Company Ltd (IHCL) is expected to benefit from higher room rates, rising occupancy, and strategic acquisitions, with analysts projecting double-digit revenue growth for FY27 driven by strong domestic demand and a favourable demand-supply dynamic.
The Bombay High Court strongly criticised the Brihanmumbai Municipal Corporation (BMC) for its failure to secure open manholes, questioning why it acts only after fatalities occur. The court dismissed BMC's progress reports as an "eyewash" following the death of Aslam Shaikh, who fell into an open manhole. Despite BMC's assurances and actions like suspending officials and offering compensation, the court emphasised the need for preventive measures before the monsoon season.
FPIs have already withdrawn Rs 2.6 trillion from Indian equities in 2026, exceeding the outflows recorded in any previous full calendar year.
Congress leader Rahul Gandhi has accused the Modi government of 'destroying' India's education system, expressing full support for protesting students and their demands, including the resignation of Education Minister Dharmendra Pradhan and an apology from Prime Minister Narendra Modi.
Maharashtra minister Mangal Prabhat Lodha has ignited a controversy by proposing to rename Mumbai's KEM Hospital, referring to King Edward VII as "King Kasab" who "looted India". The proposal faces opposition from other political parties, with the state government stating no final decision has been made.
Hyderabad-based Nexon Geochem has partnered with Russia's Giredmet to establish integrated rare-earth processing and downstream facilities in India. This collaboration aims to bridge critical gaps in India's rare earth value chain, focusing on producing NdFeB permanent magnets essential for electric vehicles, wind turbines, and defence systems, reducing reliance on imports.
The unusual location of the food stall has fuelled public concern over compliance with food safety and sanitation norms.
Police in Pune have registered a case against two officials of Antony Lara Renewable Energy Pvt Ltd following the collapse of a three-storey building at a waste-to-energy project, which resulted in nine deaths. The officials are booked for culpable homicide and negligence, as preliminary inquiries suggest a lack of safety measures despite heavy rains and the proximity of a large waste mound. The Maharashtra government has formed a high-level technical committee to investigate the incident and recommend preventive measures.
Families of the AI-171 crash victims are demanding the release of black box data and cockpit voice recorder transcripts, questioning the Aircraft Accident Investigation Bureau's (AAIB) decision to withhold this crucial information while promising only a final probe report.
Divestment has emerged as a priority for the government following a moderation in direct tax collections.
Gen Z protesters are using memes, music, and sarcastic humour on social media platforms like Instagram and X to demand Union Education Minister Dharmendra Pradhan's resignation over the NEET question paper leak and other examination irregularities.
A boat carrying Indian tourists capsized off an island in south Vietnam, killing 15 people. An eyewitness described the incident, stating the boat overturned shortly after leaving the shore, and rescue efforts were launched, though medical teams were reportedly not immediately available.
India's markets regulator, Sebi, has reintroduced rules allowing companies to repurchase their own shares through stock exchanges in the open market, effective August 1, 2026. The new framework caps the execution period at 66 working days and aims to enhance flexibility and efficiency for capital allocation.
Top female executives are calling for corporate India to redesign workplace systems to support women's advancement into leadership roles in the technology sector, particularly in emerging fields like artificial intelligence.
A committee investigating the fatal Chembur tree crash has recommended fines of Rs 5 lakh on the roadwork contractor and Rs 2 lakh on the supervising consultant. The panel found no prima facie fault with BMC's garden and roads departments but suggested implementing a Standard Operating Procedure for urban tree safety and appointing tree experts to oversee pruning work to prevent future incidents.
Mumbai and Pune are grappling with severe monsoon weather, triggering an 'orange' alert, widespread disruptions, school closures, and tragic fatalities from landslides and wall collapses.
In the throes of a financial crisis, the state's ruling Congress government has little to be triumphant about as Assembly elections approach next year, points out Aditi Phadnis.
'The order has no practical effect unless and until he chooses to enter Singapore.'
Tata Consultancy Services (TCS) will make an additional provision of USD 70 million in Q1 FY2027, bringing its total provision to USD 220 million, after the US Supreme Court declined to review a lower court ruling in a trade secrets dispute with Computer Sciences Corporation (now DXC Technology).
June-July 1999 saw some of the most bitterly fought battles in the Kargil War. Colonel Gaurav Chaturvedi looks back on those days -- and the extraordinary saga of the men he fought alongside.
India's Code on Wages mandates strict payout deadlines, two-day full and final settlements, universal wage coverage and capped deductions to safeguard employees and enhance payroll transparency nationwide.
The Indian government is accelerating its sale of minority stakes in state-owned companies, including a significant offer for sale (OFS) in Life Insurance Corporation of India (LIC) expected "very soon," to meet its 80,000 crore mobilisation target and reduce its holdings to 75 per cent in most listed PSUs by year-end.
Heavy monsoon rains have severely impacted Thane and Palghar, Mumbai's neighbouring districts, causing extensive waterlogging, tree and wall collapses, and prompting significant rescue efforts, including the tragic death of a six-year-old child.
A rebel faction of the Trinamool Congress, led by Ritabrata Banerjee, has formally staked claim to the party's name and symbol before the Election Commission, alleging widespread support and opposing the current leadership's "dynastic politics." The main TMC leadership has strongly criticised the Election Commission for granting an audience to expelled members, accusing the BJP of influencing the poll body.
A landslide near Tunnel 2 on the Khopoli-Kusgaon 'Missing Link' has caused significant traffic diversions on the Mumbai-Pune Expressway.
'...Or will we take a positive approach and learn from those mistakes so that it is not repeated in future?'
The Maharashtra government has confirmed that Mumbai's first desalination project is moving forward, with a work order issued and key clearances secured. This 200 MLD project, undertaken by the BMC, aims to address the city's growing water demand and will result in a minor tariff hike of 15-17 paise per litre.
Zoho Corporation Founder Sridhar Vembu has echoed IBM CEO Arvind Krishna's concerns about a potential "bubble" in the multi-trillion dollar AI data centre build-out. Vembu stated that Zoho will adopt a measured approach, investing in AI capabilities like data curation and compiler infrastructure, but will not chase the current investment spree, contrasting with other global tech giants' massive spending.
A committee constituted by the West Bengal government to carry out a special audit of sanctioned plans for high-rise residential and commercial buildings in and around the city will meet on Friday to begin the exercise, Chief Minister Suvendu Adhikari said.
New capital exposure norms implemented by the Reserve Bank of India (RBI) from July 1 have led to a noticeable drop in trading volumes, with Multi-Commodity Exchange (MCX) options premium ADTV falling by nearly 40 per cent in early July.
