Mumbai

Between May 25 and June 3, 2026, Indian stock markets experienced sharp volatility driven by fluctuating crude oil prices, US-Iran tensions, and foreign fund outflows. The Sensex and Nifty initially surged on crude falling below $100/barrel and US-Iran negotiation hopes, but later tumbled as oil rebounded near $99/barrel amid US self-defense strikes in Iran and ceasefire uncertainty. IT stocks led declines, while the rupee weakened. Additional pressure came from US proposed tariffs on 54 countries, including India, over forced labor concerns.

44 reports · 1 sources · Updated Jul 30, 05:46 AM UTC

Senior Indian cricketer Ajinkya Rahane, aged 38, announced his retirement from international cricket on July 30, 2026, with immediate effect. Rahane played 85 Tests, 90 One Day Internationals, and 20 Twenty20 Internationals for India since his debut in 2013. He last represented India in the 2023 away Test series against the West Indies. Despite being out of national selection, Rahane remained active in domestic cricket, captaining Mumbai until the 2024-25 season. He made the announcement via a social media post, stating the timing was right to move on.

1 reports · 1 sources · Updated Jul 30, 05:04 AM UTC

The Bombay High Court on July 29, 2026 quashed a one-year externment order issued by Mumbai Police against two Social Democratic Party of India (SDPI) functionaries, Firoz Abdul Wahab Khan and Mohammad Rafiq Gulam Rasul Ansari. The order, effective from December 3, 2025, was based on three FIRs related to protests against the Waqf Bill, air pollution from a cement factory, and the demolition of the Babri Masjid. Justice Madhav Jamdar ruled that the FIRs pertained only to sloganeering with no harm to public or property, and that stating 'Babri Masjid should not have been demolished' is not anti-national. The court noted the externment order curbed fundamental rights to free movement and expression, and questioned why selective action was taken against the petitioners, suggesting religious targeting. The state had argued the petitioners had links to the banned Popular Front of India (PFI), which the petitioners denied.

1 reports · 1 sources · Updated Jul 29, 04:23 PM UTC

The Hyderabad Central Crime Station (CCS) arrested Kondapuram Laxmikanth Reddy, an interstate fraudster accused of cheating victims of approximately ₹2 crore by promising to supply imported gold from Dubai and Sri Lanka at below-market prices. Reddy allegedly shared WhatsApp videos of packaged gold biscuits to gain trust and promised high returns before collecting large sums. A Sanath Nagar resident filed the complaint leading to the arrest. Police revealed Reddy is a habitual offender with six prior cases in Telangana and Andhra Pradesh, including financial fraud, criminal breach of trust, kidnapping, and intimidation. The CCS invoked organized crime provisions under the Bharatiya Nyaya Sanhita. The accused was remanded to judicial custody. Police warned the public against falling for offers of cheap gold or unusually high returns.

1 reports · 1 sources · Updated Jul 29, 03:06 PM UTC

Remal Alcast Pvt. Ltd., an Indian manufacturer of master alloys, cast alloys, and aluminium billets, announced that its billet casthouse has received AS9100D certification for aviation and defence applications, along with ISO 9001:2015. The certifications, technically equivalent to EN9100:2018 and JISQ9100:2016, were audited by DNV Business Assurance USA Inc. under the ICOP Scheme. The company aims to reduce India's dependence on imported specialised aluminium alloys for critical industries, particularly the extrusion and forging sectors. This milestone strengthens Remal's ability to serve aerospace and defence markets while supporting the Make in India and Atmanirbhar Bharat initiatives by building domestic capability in traditionally imported materials.

1 reports · 1 sources · Updated Jul 29, 10:00 AM UTC

Colgate-Palmolive (India) Limited announced the successful completion of its 2025 Sustainability & Social Impact Strategy and unveiled its new 2030 SMILE Strategy, marking the next phase of its 'We Make India Smile' journey. Key achievements include engaging ~195 million children through its Bright Smiles, Bright Futures program since 1991, transitioning 100% of its toothpaste tubes to recyclable material, maintaining 101% plastic waste neutrality, reducing carbon emissions by 43% from FY2020-21 baseline, using 60% renewable electricity across plants, and remaining water positive at the country level. The 2030 strategy sets more ambitious goals for climate action, circularity, oral care access, and community impact, building on 90 years of brand legacy in India.

1 reports · 1 sources · Updated Jul 29, 07:00 AM UTC

Indo MIM Ltd, a Bengaluru-headquartered precision engineering manufacturer, has fixed a price band of ₹461-485 per share for its ₹3,812 crore Initial Public Offering (IPO), which will open on July 23 and close on July 27. The IPO comprises a fresh issue of equity shares worth ₹500 crore and an offer for sale (OFS) of up to 6.82 crore equity shares by existing shareholders, including Green Meadows Investments Ltd, Anuradha Koduri, and the Indian Institute of Technology Madras. At the upper end of the price band, the company is valued at nearly ₹24,000 crore. Proceeds from the fresh issue will be used to repay loans. At the lower end of the price band, the IPO size is estimated at about ₹3,648 crore.

1 reports · 1 sources · Updated Jul 29, 05:07 AM UTC

On July 28, 2026, NCP (SP) leader Sharad Pawar dismissed speculation about a merger between his faction and the Nationalist Congress Party led by the late Ajit Pawar, calling it 'irrelevant.' Over recent months, several leaders had claimed that reuniting the two parties was Ajit Pawar's final wish before his death in an air crash earlier this year. However, Sharad Pawar's statement and party insiders indicate the talks have stalled. Internal divisions persist within the ruling NCP: one group favors merger under Sharad Pawar's leadership to consolidate strength for the 2029 elections, while another, loyal to Ajit Pawar's family (Sunetra and Parth Pawar), opposes it, fearing loss of control. Sunetra Pawar is reportedly unhappy with the proposal. Recent meetings, including Parth Pawar's courtesy visit to Sharad Pawar and NCP leader Sunil Tatkare's meeting with Union Minister Amit Shah, have not revived merger prospects.

1 reports · 1 sources · Updated Jul 28, 08:52 PM UTC

Indian benchmark indices Sensex and Nifty experienced multiple declines in June-July 2026, driven by geopolitical tensions between the US and Iran, rising crude oil prices, foreign fund outflows, and weak earnings expectations. Key sectors like IT, oil & gas, and banking faced selling pressure, while broader markets showed mixed resilience. Events such as attacks in the Strait of Hormuz and a delayed monsoon added to investor caution, with Brent crude spiking to $84.60 per barrel.

16 reports · 1 sources · Updated Jul 28, 11:25 AM UTC

The Greater Chennai Police arrested three individuals in two separate cases for illegally possessing painkiller tablets intended for sale, seizing a total of 14,060 tablets. In the first case, police arrested D. Anand Kumar (43) on July 21 near Elephant Gate, seizing 790 tablets. Further investigation led to the arrest of M.R. Anand Kumar (38) in Madurai district on July 25, with 12,300 tablets including nitrazepam, alprazolam, and clonazepam. In the second case, police arrested Saravanan (20) and Raguram (19) on July 26 in Ashok Nagar, seizing 1,760 tablets including tapentadol and nitrazepam. The two younger suspects had been traveling to Mumbai by train to procure tablets in bulk for sale in Chennai. Saravanan had a prior criminal record. All three accused were arrested and the tablets seized.

1 reports · 1 sources · Updated Jul 28, 09:27 AM UTC

De Beers India is celebrating Friendship Day (August 1-2, 2026) with its 'Love, from Bestie' campaign across nine Indian cities. The campaign features the Bestie Bracelet Collection, which includes four natural diamond designs meant to be worn in pairs, including a Morse code 'BFF' design and interlocking motifs. Participating best friend duos can visit 60 retail partner stores for a curated in-store experience with nail art, bag charm crafting, photo opportunities, and a 'Bestie Contract' signing. Toranj Mehta, Country Head of Category Marketing at De Beers India, emphasized the campaign aims to create a meaningful ritual celebrating lifelong friendships, which she described as as rare and authentic as natural diamonds.

1 reports · 1 sources · Updated Jul 28, 08:00 AM UTC

Broadway, an experiential retail platform, has partnered with The Foundery, a venture builder co-founded by Kishore Biyani, Nikhil Kamath, and Ronnie Screwvala, to launch 18 consumer brands from The Foundery's inaugural cohort. The brands, spanning health & wellness, beauty, fashion, F&B, and consumer tech, will debut in Broadway's retail stores across Delhi, Hyderabad, Pune, and Mumbai. The partnership allows founders to test products in live retail settings without long-term leases, validating customer demand and refining offerings. Broadway offers time-bound shelf space covering rent, utilities, and operations. Co-founders emphasized the importance of early distribution conversations and providing Indian founders a real market opportunity. Broadway is supported by Think9 and co-founded by Vivek Biyani, Sankalp Kathuria, Rana Daggubati, Apurva Salarpuria, Nikhil Kamath, and Abhijeet Pai.

1 reports · 1 sources · Updated Jul 28, 05:20 AM UTC

The Telangana EAGLE Force and Ramgopalpet police arrested two individuals near Paradise Circle in Hyderabad on July 25, 2026, intercepting a mephedrone consignment transported from Mumbai by bus. The accused, Riya Khatoon (32) from Malad West, Mumbai, and Ajith Sankhla (43), a freelance video editor from Hyderabad, were found with four grams of mephedrone valued at ₹12,000. Police received a tip about a drug delivery near a private hospital and set up surveillance. Riya had traveled from Mumbai carrying the contraband, and Ajith was waiting to receive it. Investigations revealed that Riya and Ajith met through mutual friends at parties where drugs were consumed and established links with a Mumbai-based supplier named Sameer. Ajith, who moved to Hyderabad six months ago for work, noticed local demand for mephedrone and arranged procurement. Police seized the drugs and two mobile phones, and are now searching for the absconding supplier Sameer.

1 reports · 1 sources · Updated Jul 27, 03:11 PM UTC

HDFC Bank has imposed a fine of ₹1 lakh each on its Managing Director & CEO, Chief Financial Officer, and Group Head of Retail Assets following an internal review into the bank's deposit arrangements with the Maharashtra State Road Development Corporation (MSRDC) in 2017 and 2021. The bank's board, acting on the recommendation of a Special Disciplinary Committee of Independent Directors, concluded that the employees' conduct constituted 'business overreach' rather than any mala fide action, personal enrichment, or improper motive. However, due to potential divergence with applicable RBI directions, the board decided to issue warning letters and monetary penalties to the three senior employees, and warning letters to other involved employees. The board has also directed that the matter be communicated to the Reserve Bank of India. The announcement was made via an exchange filing on July 27, 2026.

1 reports · 1 sources · Updated Jul 27, 02:37 PM UTC

The Mumbai Metropolitan Region Development Authority (MMRDA) announced on July 26, 2026, that it has completed approximately 90% of the Mahalaxmi Multimodal Connectivity Project. The project features India's first travellator-equipped skywalk, a 283-meter-long integrated pedestrian bridge that will connect Sant Gadge Maharaj Chowk Monorail Station, Metro Line 3, and Mahalaxmi Suburban Railway Station. The 11-meter-wide structure includes six travellators totaling 176 meters in length, two passenger lifts for universal accessibility, and can accommodate approximately 4,500 passengers per hour. The project aims to integrate interchanges, reduce transfer time by about 20 minutes, improve access to the Mumbai Monorail from South Mumbai and Worli, and encourage greater use of public transport. During construction, a 1,800 mm diameter storm water drain was relocated, while adjacent water supply and sewer pipelines remained undisturbed.

1 reports · 1 sources · Updated Jul 27, 11:30 AM UTC

Model Rhiya Ahir, who became the face of student protests in Mumbai after a viral image showed her blocking a police van carrying detained protesters, has filed a complaint with cyber police alleging a coordinated online hate campaign. The incident occurred on July 22, 2026, at Shivaji Park in Dadar during rain-soaked protests. In the viral photo, Ahir, wearing a grey hoodie, stood firmly in front of the police van. She claims she tried to help a woman protester exit the van but was stopped by police. Following the image's circulation, Ahir alleges she was targeted with deep-fake videos, defamatory content, misogynistic abuse, criminal intimidation, and targeted harassment across multiple social media accounts. She has submitted screenshots, URLs, and other digital evidence to support her claims. The article highlights the intersection of protest activism and online abuse in India.

1 reports · 1 sources · Updated Jul 27, 11:09 AM UTC

Customer data from India's state-run Bank of Baroda, along with internal documents, has been leaked on the dark web, according to a source familiar with the matter and cybersecurity researcher Srikanth L, founder of Cashless Consumer. The leaked data includes customer details, identification documents, loan papers, and internal audit records. Preliminary indications suggest the incident stemmed from a compromised email system. The data appeared on a dark web site on Saturday night and was advertised as a cache containing more than 700 gigabytes of information. The bank is conducting a forensic audit, but has not notified stock exchanges of any breach. Bank of Baroda, the Reserve Bank of India, and India's cybersecurity regulator CERT-In did not immediately respond to requests for comment. The leak comes amid growing cybersecurity concerns for large companies and financial institutions.

1 reports · 1 sources · Updated Jul 27, 10:20 AM UTC

The Hindu's Morning Digest for July 27, 2026 covers multiple key stories: Prime Minister Modi announces a high-powered task force led by former UIDAI chairman Nandan Nilekani to reform India's examination system. Activist Sonam Wangchuk is set to be discharged from Medanta Hospital after breaking a 26-day fast. In Germany, the suspect in the deadly Berlin Pride attack, Abdul Ballout, was killed in a police confrontation. A multinational search is underway for 17 missing crew after a Vietnamese cargo ship sank near Fiery Cross Reef in the South China Sea. In Mumbai, a victory rally by the Cockroach Janta Party hints at the next protest issue being E20, with Uddhav Thackeray criticizing the BJP. The All India Tennis Association rejects a proposal to have five SOM in its Executive Committee.

1 reports · 1 sources · Updated Jul 27, 12:46 AM UTC

On July 26, 2026, thousands of Gen Z and millennial protesters gathered at a victory rally in Mumbai's Shivaji Park, organized by Shiv Sena (UBT) and MNS, celebrating the resignation of Union Minister Dharmendra Pradhan. Participants, including members of the Cockroach Janta Party (CJP), signaled their next target: Union Transport Minister Nitin Gadkari over the E20 ethanol-blended petrol policy. Slogans called for Gadkari's resignation and criticized the fuel's impact on vehicles and consumer costs. Leaders Uddhav Thackeray and Raj Thackeray addressed the crowd, with Thackeray accusing the BJP of being against the country. The rally was marked by a festive atmosphere, with music and placards, and attendees described the protest as a 'personal victory' and an awakening to political agency.

1 reports · 1 sources · Updated Jul 26, 06:26 PM UTC

Union Finance Minister Nirmala Sitharaman on July 26, 2026, urged the Income Tax department to prioritize serving common citizens without bureaucratic hurdles. Speaking at the inauguration of the Aaykar Sindhu building in Mumbai's Nariman Point, she criticized the 'laidback' nature of government departments that allows illegal encroachments on government land. Sitharaman noted that even IRS officers faced difficulties obtaining permissions for the 13-floor building, highlighting the challenges ordinary citizens endure. She reminded officials that the Income Tax department is a 'powerful force' but should not intimidate people. The Minister called for integrity in tax collection and promised to facilitate faster land transfers and permissions. She also urged officials to secure state-run BSNL's land and address housing issues for IT staff in Mumbai.

1 reports · 1 sources · Updated Jul 26, 11:46 AM UTC

Bank of Baroda reported a 72% drop in net profit for the first quarter of fiscal year 2026-27, falling to ₹1,278 crore from ₹4,541 crore in the same period last year. The sharp decline was driven by a one-time cost of ₹5,700 crore incurred from an out-of-court settlement with the joint administrators of UAE-based NMC Health. Despite this, the bank's net interest income grew 9.5% year-on-year to ₹12,524 crore. Asset quality improved, with net non-performing assets (NNPA) declining 10 basis points to 0.5% and gross NPAs falling to 1.99% from 2.24% a year earlier. The settlement relates to the bank's exposure to the troubled NMC Health group.

1 reports · 1 sources · Updated Jul 24, 02:36 PM UTC

The Ministry of Railways has announced an experimental halt for three pairs of trains at Sawantwadi Road station in Maharashtra, India. The affected services include Train No. 12133/12134 Mumbai CSMT-Mangaluru Junction Superfast Express, which will stop at Sawantwadi Road from July 2026. Train No. 12133 will arrive at 7:02 a.m. and depart at 7:04 a.m. from Sunday, while the return service Train No. 12134 will halt at 11:30 p.m. to 11:32 p.m. from Monday. Additionally, Train No. 12432/12431 Hazrat Nizamuddin-Thiruvananthapuram Central tri-weekly Express will halt from Sunday and Tuesday respectively. Train No. 12201/12202 Mumbai LTT-Thiruvananthapuram North bi-weekly Garib Rath Express will halt from Monday and Thursday respectively. The decision was announced by the Konkan Railway Corporation Ltd. and aims to improve connectivity for passengers in the region.

1 reports · 1 sources · Updated Jul 24, 02:15 PM UTC

Relentless downpours have paralysed Gujarat for a third consecutive day, displacing 38,000 people primarily from Navsari and Valsad districts. Over 352 people have been rescued by NDRF and Army teams, with two Army columns deployed and four NDRF teams airlifted from Odisha. One death has been officially reported in Tapi district. Rainfall exceeded 400mm in some locations, with Mehmedabad in Kheda recording 507mm in 24 hours. Five trains towards Mumbai were cancelled due to waterlogged railway tracks. Rivers including Ambika, Par, Auranga, and Daman Ganga are overflowing. Schools and colleges in affected districts have been closed, and the state government remains on high alert.

1 reports · 1 sources · Updated Jul 24, 10:32 AM UTC

On July 22, 2026, 27-year-old artist and model Rhiya Ahir (also known as Rhiya Yadav) became an overnight internet sensation after a photo of her stopping a police van with one hand during a student protest in Dadar, Mumbai, went viral. The daughter of a retired Army man, Ahir said she acted after realizing the police had no memo to detain the young protesters. She jumped in front of the van, and soon other protesters joined her, chanting 'Inquilab Zindabad!'. Ahir stated she was ready to be a martyr that day, drawing inspiration from Bhagat Singh. Her T-shirt reading 'Maintenance' was intentional, symbolizing that the system is broken and they are there to maintain it. She has been compared to freedom fighters but humbly rejects the comparison, emphasizing she was simply exercising her rights and opposing illegal police action.

1 reports · 1 sources · Updated Jul 24, 05:49 AM UTC

Fractal Analytics Ltd reported consolidated financial results for Q1 FY27, ending June 30, 2026. The company posted operating revenue of Rs 912.5 Cr, a 20% year-on-year increase, and net income growth of 92% YoY to Rs 72.3 Cr. Adjusted EBITDA grew 35% YoY, with margins expanding 189 bps to 17%. Growth was led by the Healthcare and Life Sciences (HLS) industry, which surged 69% YoY, becoming the second-largest industry in the portfolio. BFSI grew 36% YoY, while CPGR grew 19% YoY. TMT declined 22% YoY. Net Revenue Retention stood at 117%, and Net Promoter Score at 77. Group CEO Srikanth Velamakanni attributed performance to enterprise AI transformation budgets and data sovereignty trends. Fractal invests over 6% of revenue in AI R&D and employs over 6,000 professionals globally.

1 reports · 1 sources · Updated Jul 24, 05:00 AM UTC

The Mumbai Police have ordered an inquiry and transferred a policeman from his posting after a viral video showed him threatening protesting students. In the video, the uniformed driver at Sion Police Station tells two youths, 'If I see you around here again... I will directly plant 50 grams of powder. Then your life is gone. You won't get bail.' The Congress party, led by Maharashtra president Harshawardhan Sapkal, met the Director General of Police and Mumbai Police Commissioner, demanding action and the release of detained students. The Congress memorandum alleges that between July 20-22, 2026, police illegally detained 500-700 students aged 16-30 from metro stations, public roads, and their homes without any prohibitory orders in force. It claims false FIRs were registered and students' phones were accessed without court orders. At least 200-300 students remain detained in various police stations. The Congress demands immediate release of all students, withdrawal of false cases, and suspension of involved officers.

1 reports · 1 sources · Updated Jul 23, 10:43 AM UTC

On July 22, 2026, during a student protest in Mumbai's Chembur area against NEET exam issues, police detained around 200 individuals from a crowd of 700-800 protesters who had assembled in violation of prohibitory orders. A viral video captured a man casually approaching a police van carrying the detained protesters and opening the latch, enabling several students to jump out and escape. Another video showed a young woman blocking a police vehicle and demanding the resignation of Union Education Minister Dharmendra Pradhan. The Mumbai police reported registering 13 cases and booking 400 persons between July 18 and July 22 for unlawful assembly and violation of prohibitory orders related to the ongoing protests.

1 reports · 1 sources · Updated Jul 23, 08:54 AM UTC

Piramal Realty, the real estate arm of the Piramal Group, has launched Phase 2 of its integrated premium residential community Piramal Vaikunth in Balkum, Thane, with a Gross Development Value (GDV) potential of approximately ₹4,700 crore. The first residential tower under Phase 2 offers 2 and 3 BHK residences, with a total project investment estimated at ₹3,600 crore. The launch builds on the successful delivery of Phase 1, which included 14 residential towers, 3,000 homes, Thane's first ISKCON temple within a residential development, a 50,000 sq ft clubhouse, and core infrastructure. CEO Abhijeet Maheshwari emphasized the company's philosophy of 'Built. Delivered. Thriving.' The project benefits from improving connectivity via upcoming Metro lines, the Thane-Borivali Twin Tunnel, and other infrastructure projects in the Mumbai Metropolitan Region.

1 reports · 1 sources · Updated Jul 23, 07:00 AM UTC

Alive App, an AI-powered platform for curated lifestyle experiences in India, reports strong growth driven by a shift toward local, meaningful leisure activities. Over 90% of bookings are for experiences within driving distance of users' cities, such as sailing, pottery, perfume-making, and heritage walks. Since November 2025, the company has more than doubled its business in Bengaluru, its largest and first profitable market, while Hyderabad and Mumbai are the fastest-growing cities. Adventure, outdoor, and DIY categories lead demand, with wellness emerging as a fast-growing segment. The platform features over 95% exclusive or curated experiences, supported by a growing creator ecosystem. Corporate demand is also rising as companies seek immersive team-building activities. Founder and CEO Vivek Kumar describes this as a behavioral shift, not a seasonal trend, as urban Indians increasingly value discovery and connection over conventional entertainment.

1 reports · 1 sources · Updated Jul 23, 02:05 AM UTC

On July 22, 2026, Mumbai police detained over 400 protesters at Shivaji Park and Chembur during demonstrations demanding action over an alleged NEET paper leak. Prohibitory orders had been enforced at both locations. Shiv Sena (UBT) MLA Aditya Thackeray and MNS leader Amit Thackeray visited the Dadar police station, leading to the release of many detainees. Actor Ayesha Khan and stand-up comedians Abish Matthew and Raunaq Rajani were among those detained and later released. Congress leaders were also detained and released. Police registered cases for violating prohibitory orders. Security was tightened across Mumbai following the protests.

1 reports · 1 sources · Updated Jul 22, 05:43 PM UTC