Rs 134 crore bank loan fraud case: CBI searches premises of five company directors in Maharashtra and Kerala | Mumbai News

Mumbai: CBI conducted searches at multiple premises linked to five directors of a private company, Furnace Fabrica (India), in Maharashtra and Kerala in connection with an alleged Rs 134 crore SBI bank loan fraud case.CBI alleged that the accused entered into a criminal conspiracy and secured higher credit facilities from SBI by submitting false financial…

Read More

Reliance Infra-led Metro 1 operator gets Rs 1.1k cr debt relief, avoids insolvency | Mumbai News

The 11.4km east-west Metro 1 corridor, operational since 2014, carries more than 5 lakh commuters every day Mumbai: Mumbai Metro One Pvt Ltd (MMOPL), the operator of Mumbai’s Versova-Andheri-Ghatkopar Metro 1, has secured a major debt restructuring agreement that will reduce its debt burden by more than Rs 1,100 crore, with the insolvency proceedings against…

Read More

Ulhasnagar Municipal Corporation identifies Rs 170 crore in property tax linked to non-existent or wrongly recorded properties | Mumbai News

Ulhasnagar: In a first-of-its-kind initiative to clean up its property tax database and improve revenue administration, the Ulhasnagar Municipal Corporation (UMC) has identified nearly Rs 170 crore in outstanding property tax linked to non-existent or wrongly recorded properties under ‘Project Manthan’, a data-cleaning exercise launched by municipal commissioner Manisha Awhale.The project, being implemented by the…

Read More

‘Just a casual interaction’: Supriya Sule moves to calm MVA tensions after Sharad Pawar’s surprise meeting with Eknath Shinde | Mumbai News

Supriya Sule referred to Sharad Pawar’s encounter with Eknath Shinde as an informal chat, suggesting that the media had exaggerated the situation MUMBAI: Nationalist Congress Party (SP) MP Supriya Sule on Thursday sought to play down the controversy over party chief Sharad Pawar holding party in Maharashtra deputy chief minister Eknath Shinde‘s office at the…

Read More

West Asia conflict revives focus on home-grown fuel: ICT research points to energy from farm waste | Mumbai News

Indian researchers are developing technology to convert farm waste into valuable fuel MUMBAI: The recent conflict in West Asia, which rattled global energy markets and renewed concerns over the security of oil supplies through the Strait of Hormuz, has once again highlighted India’s dependence on imported crude.While oil prices have eased after the end of…

Read More

Raj Thackeray asks CM Devendra Fadnavis: How is Maharashtra insulted when Missing Link is criticised? | Mumbai News

MUMBAI: Maharashtra Navnirman Sena (MNS) president Raj Thackeray on Thursday took aim at chief minister Devendra Fadnavis, questioning why raising concerns over the quality of infrastructure projects such as the Missing Link is being portrayed as an insult to Maharashtra.Speaking at an event organised by the MNS Rail Sena, the party’s railway union, Thackeray also…

Read More

Mumbai's redevelopment boom can become a 'materials mine', not a debris crisis

Mumbai’s extensive redevelopment drive presents a significant opportunity for waste material reuse. Experts advocate viewing demolition debris as a valuable resource for new construction projects. Properly segregated waste can be processed into recycled aggregates and building components. This approach reduces landfill pressure and conserves natural resources for sustainable urban growth. Future buildings in Mumbai may…

Read More