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The Latest Breaking News from Mumbai

Maharashtra signs MoU worth Rs 1.14 lakh crore with AM Intelligence Labs; can create 8,000 jobs

Maharashtra has inked a significant deal with AM Intelligence Labs for a massive Rs 1.14 lakh crore green data centre and AI hub near Mumbai. This renewable energy-powered project, set to create 8,000 high-tech jobs, will feature 500 MW capacity and 2.5 lakh AI chipsets. Phased development aims for completion…

The Economic Times

DLF to sell housing properties worth Rs 20K cr in FY27 on strong launch pipeline: MD Ashok Tyagi

DLF Ltd is stepping up its game with a forecast of Rs 20,000 crore in sales bookings for the fiscal year 2026-27. Fueling this aspiration is a dynamic portfolio of new residential developments planned across hotspots such as Gurugram, Mumbai, and Goa.

The Economic Times

Adani Airport Holdings signs deal with IHG Hotels & Resorts for 5 properties

Adani Airport Holdings is partnering with IHG Hotels & Resorts to build five new hotels. These hotels will be located in important cities. This collaboration will add nearly 1,500 hotel rooms. It also marks the debut of IHG's luxury brand, Kimpton, in India.

The Economic Times

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Viral ₹25K Mumbai Budget Video Sparks Debate on Cost of Living in the City

A simple budget breakdown shared on social media has once again brought the cost of living in Mumbai into public discussion. The viral Instagram video, created by content creator Ayushi, shows how she manages her monthly expenses within a fixed ₹25,000 budget. While the post was intended as a personal…

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22k gold rate today: Check 24k, 22k, 18k gold prices (May 14, 2026) on IBJA, Malabar Gold & Diamonds, Joyalukkas, Tanishq and Kalyan Jewellers

Gold prices saw a slight increase on May 14, 2026, with major brands like Tanishq and Malabar Gold & Diamonds reporting higher rates. Silver also climbed to a two-month high, driven by industrial demand. Analysts suggest gold remains range-bound, while silver targets further gains amid geopolitical and economic factors.

The Economic Times

ET Alpha Wealth Summit: Market titans decode AI, wealth creation & India’s next investment cycle

As markets grow volatile, the Economic Times' Alpha Wealth Summit in Mumbai will gather experts to discuss future wealth creation. Sessions will cover finding alpha, building a Rs 100 crore portfolio in a lower-return environment, and navigating India's next decade amidst AI's rise.

The Economic Times

‘Rs 25,000 is enough in Mumbai’: Woman shares how she survives in India’s most expensive city. Watch video

A Mumbai-based content creator's budget breakdown video, detailing how she lives on ₹25,000 monthly, has gone viral. Ayushi shared her spending on rent, electricity, commuting, and food, emphasizing home-cooked meals. The video resonated with viewers, offering a realistic perspective on managing expenses in the city.

The Economic Times

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Grade A malls near full occupancy in NCR; Mumbai rentals jump 20% YoY: ANAROCK

India's top malls are experiencing record low vacancies and robust rental growth, especially in Delhi-NCR and Mumbai, driven by strong consumer demand and retailer expansion. This "flight-to-quality" trend favors premium assets. Developers are planning significant new supply, anticipating sustained growth and a substantial investment opportunity in the retail real estate…

The Economic Times

Petrol, Diesel Price Today: Check fuel rates in Delhi, Mumbai, Kolkata as sugar exports halted, milk gets costlier and gold import duty doubled

Petrol, Diesel Price (May 14): Petrol and diesel prices remain stable in India despite rising global crude oil costs and West Asian conflict. Oil marketing companies are absorbing significant daily losses, while the government has banned sugar exports to control domestic prices. Milk has also become costlier, and gold import…

The Economic Times

Gave up tenancy, got new flat redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT Mumbai

A Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Income Tax Appellate Tribunal ruled in his favour. The tribunal stated that the surrender of tenancy rights, the taxable event, had not occurred in the year under…

The Economic Times

Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT Mumbai

The Economic Times

Gold discounts in India hit record at $200/ounce as duty hike sparks selling

India's gold discounts hit a record over $200 an ounce Wednesday. This followed a sharp import duty increase to 15%. Higher local prices prompted investors to sell gold, even at steep discounts. Retail buyers and jewelers remained absent. This situation is expected to increase gold smuggling. The duty hike aims…

The Economic Times

Mumbai’s eastern corridor gains traction as firms expand beyond BKC

Mumbai's commercial landscape is shifting from traditional hubs like BKC and Nariman Point to emerging micro-markets such as Chembur, driven by escalating costs. The Epicentre, a Grade-A development in Chembur, offers businesses a strategic, cost-effective alternative with enhanced connectivity and future-ready workspaces, positioning it for Mumbai's next growth phase.

The Economic Times

NEET paper leak: CBI gets 2-day transit remand of accused Shubham Khairnar held in Nashik

A court in Mumbai has sent an accused, Shubham Khairnar, arrested in Nashik for the alleged NEET paper leak, to a two-day transit remand for the CBI. The central agency took Khairnar into custody late Tuesday night. He was produced before a magistrate's court where the CBI sought his transit…

The Economic Times

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The Economic Times

Gaurav Kapoor Ventures gets exclusive mandate for The Ruby

Gaurav Kapoor Ventures has secured an exclusive mandate to manage sales for The Ruby, a 1 million sq.ft. LEED certified, Grade-A commercial tower in central Mumbai. This consolidated approach aims to provide a unified market position and curated buyer engagement for the prominent development, offering sea views and the Bandra-Worli…

The Economic Times

Air India suspends several international flights: Check which routes are affected

Air India is temporarily suspending and reducing flights on several international routes from June to August 2026 due to airspace restrictions and high jet fuel prices. These adjustments aim to improve network stability, with affected passengers offered alternatives. The airline will still operate over 1,200 international flights monthly.

The Economic Times

22k gold rate today: Check 24k, 22k, 18k gold prices (May 13, 2026) on IBJA, Malabar Gold & Diamonds, Joyalukkas, Tanishq and Kalyan Jewellers

Gold prices surged on Wednesday, May 13, 2026, following a government increase in customs duty from 6% to 15% to curb imports. This duty hike is expected to further elevate domestic bullion prices, potentially impacting jewellery stocks and consumer demand, with significant price jumps observed across major brands.

The Economic Times

“If you do not like it, leave tomorrow”: Indian employee’s viral resignation over disrespect goes viral

An employee from Mumbai resigned after being publicly berated for requesting overtime compensation. She shared her experience on Instagram, highlighting the disrespectful response she received. Social media users are widely supporting her decision to leave a toxic work environment.

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The Economic Times

Gold prices today: Check 18 carat, 22 carat and 24 carat gold rates in Delhi, Mumbai, Chennai, Kolkata and other cities as govt hikes import duty

Gold rates today: India has significantly boosted import duties on gold and silver to 15% from 6% to curb overseas purchases and protect foreign exchange reserves. In Delhi, the rates of 24k, 22k and 18k gold stand at Rs 1,54,140, Rs 1,41,310 and Rs 1,15650, respectively. The rates in Mumbai…

The Economic Times

RBI cancels licence of Mumbai-based Sarvodaya Co-operative Bank

The Reserve Bank of India has made the tough call to withdraw the license of Sarvodaya Co-operative Bank, a decision rooted in the bank's failing capital and declining revenue capabilities. As of May 12, 2026, all banking activities will halt. In a bid to protect depositors, the bank's clients will…

The Economic Times

Chanel for Chandigarh, Mango for Mangaluru: India’s luxury map shifts beyond metros

India's retail landscape is shifting as smaller Tier-2 cities are now attracting global brands and premium malls, outperforming larger metros. A new study reveals a parallel retail economy emerging, driven by strong consumption power and modern infrastructure in these rapidly developing urban centers.

The Economic Times

'Nobody will fly': India's plane versus train battle gets a twist

India's Railway Minister said upcoming bullet trains will dominate short-haul routes like Mumbai-Pune and Bengaluru-Chennai, mirroring global trends. This strategic shift prioritises high-speed rail for premium intercity travel, potentially reshaping India's transport landscape and economic integration by compressing travel times and fostering regional growth.

The Economic Times

22k gold rate today: Check 24k, 22k, 18k gold prices (May 12, 2026) on IBJA, Malabar Gold & Diamonds, Joyalukkas, Tanishq and Kalyan Jewellers

Gold prices are high today, May 12, 2026. Major jewelers show rising rates for 22k gold. This follows a call to reduce gold buying for a year to help foreign exchange reserves. The India Bullion and Jewellers Association wants policy changes to use household gold better. They suggest allowing gold…

The Economic Times

Petrol, Diesel prices today hiked? Check the latest rates in Delhi, Mumbai, Kolkata and other cities as OMCs bleed Rs 1,000 crore per day

Petrol, Diesel prices today (May 12): Petrol and diesel prices remained steady on May 12, 2026, despite rising concerns over India's energy security and escalating crude oil prices. The government is absorbing daily losses to shield consumers, while urging citizens to curb fuel consumption amid Middle East tensions. India maintains…

The Economic Times

Railway utilised 98 pc capex by Feb-end; trains to dominate flights in new corridors: Vaishnaw

Indian Railways achieved 98 percent budget utilization for FY26. New high-speed corridors will significantly cut travel times, making trains the preferred mode over flights. Mumbai to Pune will take 28 minutes, and Delhi to Varanasi just 3 hours and 50 minutes. The railway network has seen extensive electrification and new…

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