On Tuesday, the state-run Mumbai Metropolitan Region Development Authority, the planning body, indicated that it expected to award the contract before December, which would pave the way to kick start construction in the same month.
Pednekar claimed efforts are being made to ensure the Thackeray faction was not able to hold its annual rally on Dussehra, which will be celebrated on October 5.
Prime Minister Narendra Modi on Thursday inaugurated and laid foundation stones of development projects worth more than Rs 38,000 crore in different sectors in Mumbai, giving a big push to infrastructure, urban travel and healthcare ahead of civic polls in the city in which the Bharatiya Janata Party and the Eknath Shinde-led Shiv Sena faction will seek to showcase these ventures to take on their political rivals.
Consultants said the fact that Oberoi had no debt on its books and Kalpataru had low debt helped the two in the slow realty market.
Mahindra launches e-mobility platform 'Glyd' to take on Ola, Uber. Targeted at office-going executives, it offers web-conferencing, curated entertainment and music content from selective partners.
BMA's clients allege that depository firm CDSL and stock exchanges did not act on their complaints, prompting them to protest before Sebi. They say their shares have been transferred to a pool account without their knowledge and have been used to avail loans. Clients alleged that BMA has pledged their securities with a leading private bank, who could have sold their holdings.
Amid all the multi-billion dollar investment announcements and flurry of MoUs at the Make In India event four artists give you a fleeting glimpse into their lives.
Mahendra Singh Dhoni went through a rigorous net session at the National Cricket Academy in Bengaluru, far from public gaze, ahead of the upcoming England tour.
After the one-off Afghanistan Test match, Rahane has nothing to look forward to as he has been dropped from the limited-overs side which is going to UK first. The Test series against England is scheduled to start on August 1 after a limited-overs series featuring three T20 Internationals and an equal number of ODIs beginning July 3.
The tax department was given the land at Mumbai's posh location, measuring 2,786 square metre, with a minimum capacity of 100,000 sq ft, in 1992. Instead of constructing an office building, the department recently took a few floors on rent at the nearby Air India building.
The parlours and salons falling under the COVID-19 containment zones did not open.
"Only 27 bodies can be kept in the KEM mortuary. But, all slots are filled with COVID-19 victims' bodies and other bodies have been kept in the corridor. There are some 15 bodies kept on stretchers on both sides of the corridor that leads to the second floor where the testing laboratory is located," KEM staffers' union leader Santosh Dhuri said. "Workers need protection kits and assurance of financial support in case of falling sick. These issues are not satisfactorily addressed by the BMC and the state government despite several reminders and agitations," he said.
On reports of the BMC's move to take over some premises of the Wankhede stadium for quarantine facility, the commissioner said, "We are not taking over the cricket stadium or any other open space because in Mumbai it sometimes rains continuously for a week. It will not be useful at all for the administration to take care of people."
According to property consultant JLL, the vacancy in office spaces is expected to be around 13%.
'Our goal is to win the next World Cup and we will surely win it'
Ed was just delightful to watch and listen to and I would request him to keep coming back to India, as we will love him forever and always, says Karishma Mevawala.
Mannapuram Finance, Mahindra and Bharti Axa are some of the firms known to have bought office spaces worth more than Rs 100 crore
Mumbai's Bandra Kurla Complex moved down from 18th to 19th position.
When there is a state government committed to development, it is important that Mumbai has a civic body that, too, shares that goal, Modi said.
The manpower requirement will be met with the officers from FMC (both cadre and deputation) and by new hiring.
Maharashtra Chief Minister Eknath Shinde and his predecessor Uddhav Thackeray on Wednesday bitterly traded charges and used caustic terms like "traitors" and "betrayer" as rival Shiv Sena groups headed by them held Dussehra rallies in Mumbai in what was a parallel show of strength by the rivals after the change of government three months ago.
Railway services across city on the Western Railway and Central Railway came to a grinding halt at 10.05 am, as a result of the power outage.
Congestion on Mumbai roads has become chronic.
Shaw and Aditya Tare (82 off 48 balls) toyed with a pedestrian Assam attack to help Mumbai post a massive 206 for 5 in the Group 'D' match.
Baroda and Uttar Pradesh will square off in the final of the Mushtaq Ali T20 cricket championships after notching up contrasting wins over their respective opponents in the final Super League encounters.
'A slum free Mumbai cannot happen with Dharavi at the centre of the city.'
The amount is penalty charged on the Mukesh Ambani-led company for failing to develop the C-66 plot in G Block, named as One BKC.
Zomato's Users Choice Awards features the best restaurants in Mumbai.
Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones.
The Ambani brothers, Mukesh and Anil, came together on Thursday to raise the issue of stalled projects plaguing India Inc and implored the Maharashtra government and the Centre to make Mumbai, India's financial capital, an easier place for business and investments. "Several projects are stuck for many years in Mumbai and we would like to know how the government intends to improve the financing and execution of projects, including those relating to infrastructure and education which have been in limbo for long and are affecting the growth of the city," Reliance Industries Ltd (RIL) Chairman Mukesh Ambani told Finance Minister Arun Jaitley. Seated on the same table was his brother, apart from Tata Group Chairman Cyrus Mistry and State Bank of India (SBI) Chairman Arundhati Bhattacharya. Jaitley was addressing the Mumbai Next MMR Transformation conclave, organised by the Maharashtra government and Mumbai First here, through video conference. In his reply, Jaitley said the government was exploring several options of infrastructure financing in India and that a number of international bodies were ready to fund infrastructure development projects. He added the government was keenly considering these funding sources. While praising Maharashtra Chief Minister Devendra Fadnavis for honesty, Jaitley also had a word of advice. Apart from being honest, the government had to be decisive, he said. On his part, Reliance Group Chairman Anil Ambani told the chief minister about his experience of decisions being delayed due to an indecisive bureaucracy and the need to protect officials who wanted to take quick decisions. "Through the past many years, we have faced a number of obstacles in decision-making," he said, adding he was speaking as someone who had lived and invested in Mumbai. Fadnavis responded by saying he would bring about a transparent process to ring-fence officials. Both the Ambani brothers have announced a number of infrastructure projects in and around Mumbai, including a world-class convention centre in Bandra Kurla Complex by RIL, but very few have actually fructified. RIL's special economic zone project failed to take off due to land acquisition problems in Raigarh, while a second SEZ near Mumbai is stuck due to lack of clarity in SEZ norms. The first phase of the Mumbai Metro, set up by Anil Ambani's Reliance Infrastructure, was marred by cost overruns and run-ins with the government over fares. Subsequently, the company withdrew from the second and larger phase, citing inordinate delay. Anil Ambani also withdrew from Mumbai's sea link project on the same grounds. The brothers had also bid for a trans-harbour sea link between Navi Mumbai and Mumbai under the Congress-Nationalist Congress Party government, but their bid was rejected. Reliance Infrastructure is also the power supplier to more than half of this city. Participating in the conclave, some of India Inc's leading bankers said making Mumbai a financial hub would take at least a decade. SBI's Bhattacharya said the Indian currency should be made fully convertible and facilities should be created for it. "However, for this, the economy needs to look up and that will happen only in the next 7-10 years, not immediately," she added. Sunil Kaushal, Chief Executive Officer of Standard Chartered, India, pitched for strong infrastructure to support development. "We will take a long time to develop into a global financial centre. We need to solve transport bottlenecks in Mumbai and have lifestyle facilities for people working in and around these areas," he said.
Rohit Sharma showed no signs of the finger injury that kept him out of action for more than two months as he hammered the visiting Sri Lanka bowlers making 142 off 111 balls, said India A coach Sanjay Bangar after his team won the warm-up game.
Le Pain Quotidien (LPQ), a global restaurant chain started in Belgium in 1990 has managed to transform a little part of Mumbai into Europe itself, says Harnoor Channi-Tiwary
'The pandemic helped me to shift my focus to the medicinal qualities of food.'
Mumbai, India's financial capital, is set for a mega transformation with a massive patch of land opening up for redevelopment; a new metro railway ready to start services by the year-end; and the country's oldest railway station, the Chhatrapati Shivaji Terminus, going for modernisation with private sector participation. Work on Mumbai's second airport will start from next month, while construction of the sea link connecting central Mumbai to Navi Mumbai has already moved into a fast lane despite Covid-induced lockdowns. Also, a coastal road project, connecting Nariman Point to Worli, is under way and will help decongest the city to quite an extent. Of all these mega infrastructure projects, the one that has a huge potential to change the city's skyline is the Eastern Waterfront project - to be built on the Mumbai Port Trust (MbPT) land.
Move over Sydney Opera House, Theatre Royal Drury Lane, Mumbai has a new entertainment venue that will rival many a global address.
'Me and my family along with Sarfaraz have given our entire life towards this dream.'
The largest e-commerce entity of China is setting up its first India office -- an indication that it intends to capture a pie of the growing e-commerce market here. Raghavendra Kamath & Alnoor Peermohamed report.
Cinema screens bring in over 60% of the Rs 19,100 crore that Indian films earned in 2019. The reception a film gets in theatres impacts the price of every other revenue stream -- TV, OTT, overseas. Vanita Kohli-Khandekar explains why the theatre business is not doomed and why OTT won't become the first window of release.
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