Indian Hotels Company (IHCL) reported a healthy 14.6 per cent consolidated revenue growth in Q1 FY27, largely driven by a robust 17.6 per cent increase in domestic operations, offsetting geopolitical disruptions. Brokerages anticipate sustained growth, with Motilal Oswal Research projecting 12-14 per cent growth in FY27, supported by strong leisure demand and an asset-light expansion pipeline.
Reliance Infrastructure on Thursday announced the cancellation of Rs 12,000 crore (Rs 120 billion) Mumbai's Metro Line 2 project citing non-fulfillment of certain obligations by Maharashtra government.
Voters who exercise their franchise in favour of a particular political dispensation do not do so unconditionally. Their loyalty is subject to maintaining trust and living up to their expectations. It is subject to allowing the freedoms guaranteed under the Constitution, points out Vice Admiral Biswajit Dasgupta (retd).
Mumbai's first metro project between Versova-Andheri-Ghatkopar will be commissioned in 30 months, instead of the stipulated 60 months.
In a first, a public transport facility is beating its own drum.
Doctors attribute the rise in male infertility to obesity, diabetes, smoking, chronic stress, inadequate sleep and sedentary lifestyles.
A significant majority (57%) of India's investment advisors are concentrated in just five metro cities, leading to concerns about financial inclusion and the spread of financial market products beyond urban centres, according to a Business Standard analysis of Sebi data.
The government is considering awarding a grant from the funds of the Jawaharlal Nehru National Urban Renewal Mission to meet a funding gap in the Mumbai metro project's first corridor that is being built by the Reliance Anil Dhirubhai Ambani Group.
Maharashtra Chief Minister Devendra Fadnavis announced plans for a new, larger cricket stadium in Mumbai, with a capacity of 100,000, while reaffirming the importance of the iconic Wankhede Stadium.
The India Meteorological Department (IMD) has forecast cloudy skies with the possibility of heavy rainfall at a few places in the city and suburbs in the next 24 hours.
Marriage, childbirth, dependent parents and ageing increase the cover a person needs.
The Brihanmumbai Electric Supply and Transport (BEST) undertaking arranged special bus services for students appearing in the NEET re-examination in Mumbai, deploying 60 buses on 24 routes for approximately 180 trips, despite an ongoing strike by its employees that has paralysed public transport.
The 11.4-km Versova-Andheri-Ghatkopar corridor is set to be operational by 2010-end. Mumbai Metro One, the special purpose vehicle formed to undertake construction, has selected CSR Nanjing Puzhen Rolling Stock Company -- a 100-year-old subsidiary of the government-owned China South Locomotive and Rolling Stock Corporation.
About 240,000 commuters travelled on the first day (Sunday) of the Mumbai Metro's operations, Reliance Infrastructure Ltd (RInfra) said on Monday.
Heavy rains and thunder returned to Mumbai, causing significant delays in local and long-distance train services, particularly affecting routes towards Gujarat and Pune. Two key reservoirs, Tulsi and Vihar lakes, have begun overflowing, though the city's overall water stock remains at 41.43 per cent.
BEST employees continued their strike in Mumbai for a second day, causing significant disruption to public transport despite appeals from the Maharashtra Transport Minister and the invocation of MESMA. Commuters were forced to rely on alternative, overcrowded transport options, while the striking unions maintained their demands for budget merger, improved pay, and absorption of contractual workers.
An email threatening missile and bomb attacks on the Maharashtra Vidhan Bhavan and other key locations in Mumbai triggered a security alert, prompting extensive searches and heightened security measures.
The Mumbai Metro Rail Corporation Limited (MMRCL) on Tuesday launched the trial run of the Colaba-Bandra-SEEPZ Metro line-3 at Sariput Nagar in Aarey Colony in Mumbai.
Amazon CEO Andy Jassy has announced a significant expansion of the company's quick commerce business, Amazon Now, to over 300 Indian cities, aiming to build the country's largest delivery-in-minutes network. This move follows a recent USD 35 billion investment commitment by Amazon in India.
The project is for a concession period of 35 years with an extension clause of another 10 years, the company said in a statement.
Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.
Observing that the Mumbai Metro has made an attempt to overreach the court's jurisdiction, the Supreme Court on Monday directed it to pay Rs 10 lakh fine within two weeks for felling of trees in Aarey forest beyond permission.
The mobile app enables commuters to book a single QR-based digital ticket usable across Metro, Monorail, buses and local trains in the city and surrounding regions.
GE had also lined up aggressive investment plans for roads, airports, ports and real estate sectors.
The Mumbai Metro will finally start commercial operations from on Sunday after a delay of three years, providing much-needed relief to the commuters in the bustling metropolis where the overburdened suburban railways ferries 70 lakh people every day.
A day after an air-conditioning duct on the Versova-Andheri-Ghatkopar metro railway train malfunctioned leading to rain water pouring into a coach, its operator Mumbai Metro One claimed that it has taken "all necessary measures" to ensure such incidents do not recur.
Alleging that there has been an enormous cost escalation in the Mumbai Metro Rail project, Bharatiya Janata Party (BJP) has demanded that Maharashtra government should conduct a special audit to find out the `real cost'.
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.
The new discounted fares are Rs 10 (3 km), Rs 15 (8 km) and Rs 20 (20 km).
If your All India Rank (AIR) is in the three digits, you could get a seat at one of the prestigious AIIMS colleges and pay tuition fees of just under Rs 10,000 for the entire course. At the other end of the spectrum, if your AIR is in the lakhs, you could end up shelling out a crore at a private or deemed institution.
No injuries were reported in the blaze that erupted around 1.10 pm. It was confined to wooden sheets, furniture and construction material at a depth of 40-50 feet of the station located in Bandra East, causing heavy smoke in the area, they said.
The Railway's research arm RDSO is likely to issue 'speed certificate' to the much-awaited Mumbai Metro this week.
Pressure is mounting on Reliance Infrastructure to change the name of metro rail project, with a senior minister in the Congress-NCP led Maharashtra government joining the chorus of Opposition leaders making similar demand.
The matter came up for hearing on Monday before a bench chaired by Justice R D Dhanuka.
It is yet to be decided whether the Rs 2,356 crore (Rs 23.56 billion) Phase One of the project is eligible for VGF or not, a key Finance Ministry official told PTI. \n
According to sources, RInfra has sought a steep revision in the fares with minimum Rs 22 and maximum Rs 33, citing a near-doubling of its cost.
In a development that is bound to bring cheer for Mumbai's weary commuters and overburdened transportation facilities, authorities for the Mumbai Metro 1 project estimate that the Metro will be fully functional by next year.
The Rs 4,300-crore (Rs 43-billion) project -- marred by missed deadlines and cost overruns -- has finally started full scale test run last week between Ghatkopar and Versova and will open to public by mid-January.
A senior official from the urban development ministry said that allowing four floor space index within a 500 metre from the station will help the developer to bring down the viability gap funding because he will be able to make profits from the excess FSI. This will also allow the state government and the BMC to generate funds for infrastructure projects.
