In March this year, Worldline India launched Vabox (Voice Alert Box): merchants will now get instant audio alerts on the settlement of UPI (Unified Payments Interface) payments via QR codes in languages of their choice when customers check out. "They needn't worry whether the amount has been credited to their account," says Gulshan Pruthi, the firm's executive vice-president. The French payments giant will roll out 500,000 Vaboxes in the initial phase.
A special court in Mumbai on Wednesday granted bail to Shiv Sena member of Parliament Sanjay Raut in a money laundering case pertaining to the Patra Chawl redevelopment project.
Even as the Maharashtra government claims it is implementing in phases the Ram Pradhan committee report, which examined the government's response to the 26/11 terror attacks, gaping holes still exist in the security apparatus.
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This, analysts said, will put the sector on a growth runway, though keeping it viable for only long-term investors. According to Vinit Bolinjkar, head of research at Ventura Securities, expectations of strong air traffic, coupled with low penetration, is the prime reason for a solid long-term outlook.
Waste management, digital urban land management and urban transportation key areas of focus
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.
This State-corporate 'cooperation' didn't begin with the arrival of the Modi government.
Many of the big licences, contracts, and even environmental clearances for the Adani group had come in the UPA's time, points out Shekhar Gupta.
Sebi chairperson Madhabi Puri Buch on Wednesday said any business on the 'black box' model that cannot be audited or validated will not be permitted. She also said since data is a public infrastructure, any attempt by any private party to own them cannot be tolerated. "We are not for or against algo trading as long as there is sufficient transparency and disclosures.
The vaccination drive was only one important part of India's globally recognised pandemic management and response strategy, observes Dr Vinod K Paul.
Some of the country's largest listed real estate developers - DLF, Prestige Estates, and Puravankara - are foraying into the Rs 50,000-crore residential property market of Mumbai, where home prices are among the highest in the world. All of them are set to launch residential projects in the financial capital of the country, where the market is dominated by players such as Runwal, Lodha, and Oberoi Realty, among others. Leading the race is Prestige, which has lined up 6 million square feet (msf) of new launches in the city across Mulund and Byculla in the third quarter of this financial year (2021-22).
Kanhaiya Kumar is India's latest political rockstar. More so in Mumbai, where his address this evening gave Mumbaikars a glimpse of the heydays of the Communist movement in the city of textiles mills and mill workers.
"To make sure there isn't a Covid surge in the country, PM Modi has asked us to be careful. The government is also preparing if at the Covid cases increase. Today, mock drills are conducted across Covid hospitals in the country to make sure people get proper treatment," Mandaviya said.
The report, which took into consideration 57 parameters before arriving at the conclusion, said between Delhi and Greater Mumbai, the national capital takes the lead on city prosperity index due to its lower population and higher per capita income.
An execution paralysis has gripped the city.
Prices of luxury properties appreciated by 8-12 per cent during the last year across major cities and has breached the 2015 peak level, according to India Sotheby's International Realty. In its annual 'Luxury Outlook Survey 2023', India Sotheby's International Realty (ISIR) revealed that 61 per cent of High-Net-worth Individuals (HNIs) and Ultra High-Net-worth Individuals (UHNIs) are looking to buy luxury real estate during 2023-24. The sample size of the survey is more than 500 HNIs and UHNIs.
The transportation infrastructure business of L&T Construction has secured mega contract from the National High-Speed Rail Corporation Ltd (NHSRCL) to construct 87.569 km of the bullet train project.
Mukesh or Anil, who will have the upper hand in the battle for major share of Mumbai makeover pie will be known later on Wednesday.
'If the Indian government actually delivers on the infrastructure plans, the hospitality sector would double itself by 2025.'
Amid growing concerns over the spurt in COVID-19 cases in China and some other countries, Health Minister Mansukh Mandaviya said the focus is to ensure that no unknown variant of the virus enters India and at the same time there is no impediment to travelling.
It will compete with rivals Amazon Web Services and Microsoft Azure
India's largest mobile operator Reliance Jio Infocomm will land the multi-terabit India-Asia-Xpress (IAX) undersea cable system in Hulhumale, Maldives, according to a statement on Monday. The high capacity and high-speed IAX system will connect Hulhumale directly with world's major internet hubs in India and Singapore. Jio's IAX project will land in the Maldives in collaboration with Ocean Connect Maldives, the statement said. The IAX system originates in Mumbai in the west and connects directly to Singapore, with branches including additional landings in India, Malaysia, and Thailand.
As India builds its data centre capabilities, it is imperative that it is supported by green energy. This is because data centres are guzzlers of energy.
Most players are looking to invest anywhere between $500 million and $1 billion in new ventures in the next couple of years, said experts on this segment.
Learning lessons from the Mumbai terror strikes, the Obama administration has taken several steps in intelligence gathering and security infrastructure to thwart any similar attack on a major US city, according to a top official.
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
Seven bidders, including Voltas, Deepak Fertilizers and Bharat Hotels have submitted requests for qualification (RFQ) to build a Rs 250-crore (Rs 2.5 billion) terminal market in Thane district near Mumbai.
An 18-month to two-year delay is expected in the Mumbai airport slum rehabilitation programme to find alternative land to relocate and resettle approximately 80,000 slum-dwellers, who have encroached on 276 acres of airport land.
The regulator is more carefully scrutinising applications by infrastructure investment vehicles that have a limited number of investors. They have been asked to broaden their investor base before application approval, according to two people familiar with the matter. The Securities and Exchange Board of India is concerned about the structure being used for getting around tax requirements, according to one of the sources.
The reason why Jamsetji Tata built the Taj Mahal Hotel was his love for Mumbai and India. For him, the 'why' was so powerful that it urged him to stake his reputation, withstand all scepticism, and invest a very large sum of resources to create the iconic hotel.
'After 2011-2012, both our investment rate and savings savings rate have declined. 'Correspondingly, the savings rate in the economy as percentage of GDP, also has come down.'
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.
India proposes to organise a briefing of the Security Council on December 15 on 'Global counter-terrorism approach - principles and the way forward" under the 'Threats to international peace and security caused by terrorist acts'.
Riding on its high quality of life, transporatation infrastructure and overall labour force contributing to its economic growth, Delhi has emerged on top among 48 Indian cities, including Mumbai, as the best place to reside. Send us your views.
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
The IPL franchises are now expanding their bouquet of teams across leagues in the West Indies, UAE, South Africa and now the US is another untapped market that wasn't explored despite the Asian diaspora craving for some cricket.
More than 70 per cent of Indian youth aged between 15 and 29 can't!
Members of the Shiv Sena on Monday burnt a truck and blocked the Western Express Highway in Mumbai to protest the recent increase in electricity charges by Anil Ambani's Reliance Infrastructure. The protests brought the traffic on the arterial highway to a standstill and caused massive jams. Many people were reportedly injured in the protests.
Incessant rains apparently caused cracks in the bridge, resulting in its collapse, an official said.
