Mumbai

NCLAT clears Sapphire Media's acquisition of Big 92.7 FM, upholds order

The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the approval of Sapphire Media's resolution plan for acquiring Big 92.7 FM, owned by Reliance Broadcast Network Limited, dismissing a batch of appeals filed by Radio Mirchi, Orange FM, and others.The NCLAT Bench, comprising Chairperson Justice Ashok Bhushan and Technical Member Barun Mitra, concluded, "After considering the submissions, we find no grounds to interfere with the NCLT's order dated May 6, 2024, and consequently, the appeals are dismissed."Earlier, the National Company Law Tribunal (NCLT) cleared Sapphire Media's resolution plan in a ruling on May 6, 2024, with the plan being filed for approval by the resolution professional in NCLT Mumbai.The decision made by the National Company Law Tribunal (NCLT) was contested by the unsuccessful bidders, Abhijit Realtors & Infraventure and Creative Channel Advertising & Marketing, who filed a set of five appeals before the NCLAT. The appellants claimed ..

Filmmaker Shyam Benegal passes away at 90 after prolonged illness

He breathed his last at 6.30 pm at Wockhardt Hospital, Mumbai

India can never permit others to have a veto on its choices: Jaishankar

External Affairs Minister S Jaishankar said on Saturday India can never permit others to have a veto on its choices and will do whatever is right in the national interest and for the global good without being intimidated to conform. In a video message for a function in Mumbai, he said when India is etched more deeply in global consciousness, its repercussions are truly profound. In a world grappling with unhealthy habits, stressed lifestyles or recurring climate events, there is much learning to be gained from India's heritage. But the world will only know when the countrymen take pride in it, he said. In an age of globalisation, technology and tradition must march together, said Jaishankar. Bharat will inevitably progress but it must do so without losing its Bharatiyata. Only then can we truly emerge as a leading power in a multi-polar world, he said. Jaishankar was conferred the 27th SIES Sri Chandrasekarendra Saraswati National Eminence Award. The awards are given in four field

Mumbai boat accident: Body of missing boy found, death toll rises to 15

The incident occurred on December 18, when the Indian Navy lost control while undertaking engine trials in Mumbai Harbour due to an engine malfunction

PIL in Bombay HC seeks action against 'Mutual Fund Sahi Hai' ads by Amfi

The petitioner, a chartered accountant, has alleged that Amfi is 'recklessly propagating that mutual funds are right without any basis or rationale'

Mumbai boat accident: Naval driver lost control during trials, say police

The driver of the Naval craft, which rammed into a ferry off the Mumbai coast, lost control over the vessel during its engine trials, leading to the fatal crash mid-sea, an injured Navy staffer has told the police, an official said on Friday. The police, probing the accident, recorded the statement of the injured Navy staffer, who was on the speeding craft, which collided with the ferry 'Neel Kamal' on way to the Elephanta Island, a popular tourist destination, from the Gateway of India on late Wednesday afternoon. Fourteen persons, including four on the Naval speedboat, were killed in the collision which caused the ferry carrying more than 100 passengers to sink in the Arabian Sea. A team from the Colaba Police Station, which is investigating the case, recorded the statement of the injured Navy staffer, Karmaveer Yadav, who is undergoing treatment at a hospital, said the official. According to Yadav, the Naval craft was undergoing engine trials in the sea when the driver lost ...

Toll in Mumbai ferry accident rises to 14, navy chief expresses condolence

The death toll in the Mumbai boat accident near Gateway of India that took place on Wednesday evening has risen to 14, BMC said.

Sales dip at 60% of Mumbai's offline groceries as q-commerce grows: Study

More than 80% of such traditional businesses blame dark stores of quick commerce companies: JP Morgan survey

Craft-ferry crash: Death toll rises to 14; Navy orders Board of Inquiry

The Navy said Search and Rescue (SAR) efforts had continued through the night of December 18 - 19 in the vicinity of the accident. Two persons from the ferry are still reported to be missing

Mumbai boat accident: What caused the collision that killed 13 people?

Mumbai boat accident: What caused the collision that killed 13 people?

Mumbai ferry accident: An FIR was filed at the Colaba police station in south Mumbai under relevant sections of Bharatiya Nyaya Sanhita (BNS) against the Navy speedboat driver

Inquiry will be done, action taken: Uday Samant on Mumbai boat accident

Indian Navy and Coast Guard are continuing search and rescue operations for missing persons

Mumbai boat accident: PM announces Rs 2 lakh ex-gratia to kin of deceased

Prime Minister Narendra Modi on Wednesday condoled the loss of lives in a boat accident off the Mumbai coast and announced an ex-gratia of Rs 2 lakh for the next of kin of each deceased. Thirteen persons died and 99 others were rescued after a Navy craft crashed into a ferry off the Mumbai coast on Wednesday, the Navy said. At about 4 pm, a Navy craft undergoing engine trials lost control and collided with passenger ferry Neel Kamal off Karanja near Mumbai, the Navy said in a statement. The ferry was carrying passengers from the Gateway of India to Elephanta Island, a popular tourist destination. "The boat mishap in Mumbai is saddening. Condolences to the bereaved families. I pray that the injured recover soon. Those affected are being assisted by the authorities," Modi was quoted as saying by his office in a post on X. "The Prime Minister has announced an ex-gratia of Rs 2 lakh from PMNRF for the next of kin of each deceased in the boat mishap in Mumbai. The injured would be given

Expecting 20% recovery or Rs 6,000 cr dues under GST amnesty: Ajit Pawar

Maharashtra Deputy Chief Minister Ajit Pawar on Wednesday said the government expected a recovery of 20 per cent of the outstanding tax or Rs 6,000 crore from the dues under an amnesty scheme related to state GST demands. The amnesty scheme, introduced on November 1, is expected to receive 1.14 lakh applications for the waiver of penalty and interest accumulated from 2017-18 to 2019-20, he said. "The scheme will be in force till March 31, 2025, for the recovery of the outstanding Rs 54,000 crore, including Rs 27,000 crore towards the disputed tax and the rest in penalty and accumulated interest," Pawar said in the legislative assembly. He said the state government expects to recover 20 per cent of the outstanding tax or Rs 6,000 crore. Pawar said businessmen and industries participating in the amnesty scheme would benefit Rs 6,000 crore. "The scheme offers a waiver in penalty and interest on the outstanding tax amount," he added. Pawar said the GST Department sent out 80,000 let

Boat capsizes near Gateway of India in Mumbai; 13 dead

13 dead, 101 rescued after Navy speed boat rams into ferry off Mumbai coast

A local leader claimed that the speed boat belonged to the Navy, but there was no confirmation from the Navy on this

Kurla BEST bus accident: Another man succumbs to injuries, toll rises to 8

A 55-year-old man, who was among the several persons injured in the BEST bus accident in Kurla area here, died on Monday morning, taking the death toll to eight, a civic official said. The electric bus, hired by the civic-run Brihanmumbai Electric Supply and Transport (BEST) undertaking on wet-lease basis, ploughed into a crowd and fatally knocked down seven persons and injured 42 others on a crowded road in Kurla area on December 9. Several vehicles were also damaged in the incident. One of the injured persons, identified as Fazlu Rehman, died during treatment at the Sion Hospital on Monday morning, the official from the Brihanmumbai Municipal Corporation (BMC) said. BEST has set up a five-member committee to investigate the Kurla accident. Driver Sanjay More (54) is in police custody for alleged reckless driving. In a statement issued last week, BEST said a committee, headed by Chief Manager (Transport) Ramesh Madavi, will investigate the accident. It also said that BEST would

Zepto slightly cuts losses to Rs 1248.6 cr, revenue doubles in FY24

Quick commerce firm Zepto has marginally brought down its losses to Rs 1,248.6 crore in 2023-24 from Rs 1,272.4 crore in 202223 , as per data shared by Tofler. The Mumbai-based firm posted a revenue of Rs 4,454 crore in FY24, more than two-fold increase from Rs 2,025 crore in the previous fiscal. Zepto co-founder Aadit Palicha took to LinkedIn to share the results. "Zepto reduced its absolute losses, with PAT (profit after tax) as a percentage of revenue improving significantly from -63 per cent in FY23 to -28 per cent in FY24," he wrote. Palicha expressed optimism about continuing this momentum towards profitability and said the company is on track for a profit after tax (PAT) in the near future. "Despite being only 3 years old, we were able to successfully close a full statutory audit by a Big 4 firm with no financial qualifications and a clean CARO. This rare achievement for a young startup is the outcome of a governance-focused culture at Zepto and early decision-making that

Summaya-Dentsu case: ED raids across multiple cities, seizes cash, gold

During the search operations, ED found seized Indian currency of Rs 46 Lakh, foreign currency equivalent to Rs 4 Lakh and gold bars amounting to Rs 3.4 Crore

MCZMA discusses SRK, Gauri Khan's appeal to add two new floors to Mannat

Shah Rukh Khan is planning to add two new floors to Mannat and sent an application to the Maharashtra Coastal Zone Management Authority. MCZMA discussed the matter and sent feedback on December 11