ROAD BLOCK
Mumbai local train services hit due to technical failure and Mega Block. Check Western, Central Railway updates
Mumbai local train services faced disruptions due to a technical failure at Borivali station, but were restored by 9:05 AM. A Mega Block in Central Railway's Mumbai Division on July 14, 2024, will affect the 5th and 6th lines between Thane and Diva. Heavy rainfall over the weekend caused severe waterlogging and traffic jams, prompting the IMD to issue an orange alert.
PM Modi to visit Mumbai, lay foundation stone of projects worth more than Rs 29,400 crore
Prime Minister Narendra Modi will visit Mumbai for the first time since re-election. He will launch projects worth over Rs 29,400 crore in road, railways, and ports sectors. He will inaugurate INS Towers at Bandra Kurla Complex, lay foundation stones for GMLR tunnel project, Kalyan Yard remodelling, and Gati Shakti Multi-Modal Cargo Terminal. Also, dedicate new platforms at railway stations and launch Mukhyamantri Yuva Karya Prashikshan Yojana to tackle youth unemployment.
Sanofi India decides to put headquarters in Mumbai on the block
Sanofi's Indian subsidiary is planning to sell its 150,000 sq ft standalone property in Mumbai's Powai area, which serves as its current headquarters, to focus on monetization and operational consolidation. The move follows the acquisition of a long-term lease for an office in Vikhroli suburb, where Sanofi Consumer Healthcare will relocate as part of a broader strategy. The Powai property sale is expected to yield approximately Rs 250 crore based on current market rates.
Rain triggers landslides in Uttarakhand, two drown in separate incidents
In Haridwar, a teenaged boy who had gone to bathe in a rain-fed rivulet in the Navoday Nagar area was swept away by strong currents. His body is yet to be found, the police said. His two friends who had also gone into the stream were rescued by locals.
77 roads closed in Himachal Pradesh due to heavy rain, landslides
Also due to the rain, 236 electricity supply schemes are disrupted and 19 water supply schemes have been hampered in the state today.
Congress workers block Union Minister George Kurian during visit to Muthalapozhi harbour
Congress workers blocked Union Minister George Kurian's visit to Muthalapozhi to study the rising deaths of fishermen in the harbor channel. The protesters called the construction of the channel "unscientific" and sparked a confrontation with the minister. The protesters argued that Kurian would react after studying the matter and that Kurian should take action against the lives lost.
Landslides snap surface communication in 7 Arunachal districts
A portion of the NH-13 along the Pasighat-Pangin-Aalo road has blocked following a landslide on Thursday morning. A huge boulder has completely blocked the road in between Lokpeng and Pangin tri-junction in Siang district, PWD Highways assistant engineer Gemar Padu said.
Watch: Rolls-Royce Ghost breaks down in waterlogged Delhi road, Internet users suggest use 'Alto'
In a viral video, a Rolls-Royce Ghost was seen stuck on a waterlogged road in Delhi. The luxury black vehicle was stranded with its hazard lights blinking, while more modest cars navigated the flooded street with ease. The incident was captured by a Maruti Suzuki driver and shared on Instagram.
Rains hit parts of Jammu, massive landslide blocks Kishtwar-Paddar road as IMD issues warning
Jammu weather: IMD warns of flash floods, landslides, and shooting stones at vulnerable spots. Moderate thunderstorms with lightning may occur. Rains, landslides, and thunderstorms are expected, indicating potential risks in the upcoming week.
Promoter may sell 2.5% in Vedanta via block deals this week
Agarwal has been seeking to slash the group's debt burden. London-listed Vedanta Resources reduced its net debt to $6 billion in FY24 from $9.7 billion in FY22. The company aims to cut it to $3 billion over the next three years. Vedanta Resources has long-term debt maturities of $900 million in FY25 and another $900 million in FY26.
ZF Commercial Vehicle shares tumble over 8% after Wabco Asia sells stake via block deal
Shares of ZF Commercial Vehicle Control Systems fell by 8.2% on BSE after Wabco Asia sold a 7.6% stake worth Rs 2,287 crore via a block deal, with Citigroup as the banker.
Germany-based ZF group likely to sell upto 5% stake in ZF Commercial Vehicle for Rs 1,423 crore
According to the term sheet, the German firm is likely to sell at a floor price of Rs 14,980, a 13.3% discount to Tuesday’s closing price Rs 17,277.15. The deal is expected to fetch Rs 1,423 crore to the promoter . Citigroup is the banker to the deal.
Dutch infrastructure major Ferrovial pruning stake in IRB infrastructure via block deal
Cintra has offered 301 million shares for sale with a floor price between ₹63 and ₹70.16 per share, representing a 10% discount from the lower end compared to Monday's closing price. Jefferies and HSBC are the bankers for the deal.
Mumbai local trains: 63-hour mega block ends as Central Railway completes platform widening work at Thane station
Passengers commuting from Thane station in Mumbai received significant relief as the Central Railway announced the completion of widening work for platforms 5 and 6 on Sunday. The Central Railway provided insights into the special block undertaken for infrastructure enhancement at Thane station. The extension of platforms 5/6 involved widening by 2-3 meters across a length of 587 meters. This initiative was part of a 63-hour mega block at Thane railway station and a 36-hour special block at the Chhatrapati Shivaji Maharaj Terminus initiated by the Central Railway.
Central Railway's 63-hr block: Mumbai's suburban services grind to a halt as 930 local trains cancelled
Central Railway's suburban services faced disruptions due to a 63-hour block for widening platforms at Thane station, causing inconvenience to commuters. The Maharashtra government permitted public service vehicles in the Mumbai Metropolitan Region to operate during the block, easing travel woes. Railway authorities urged commuters to avoid non-essential train travel and announced the cancellation of several trains. Work progress at Thane station was ahead of schedule, with services expected to normalize soon.
Delhi's North Block receives bomb threat; security officers conduct searches
An official from the Delhi Fire Services stated that on Wednesday, North Block, which accommodates the Home Ministry, received a bomb threat via email. The DFS official mentioned that searches are being carried out by a dog squad, bomb disposal, and detection teams, along with personnel from the police and fire departments. According to a police officer, the DFS was alerted after an officer stationed at North Block received the bomb threat email.
Stocks in news: Apollo Tyres, Protean e-Gov Tech, Sun Pharma, Nykaa, Paytm
Warburg Pincus arm White Iris Investment will likely offload 3.5% stake in Apollo Tyres through block deals, according to reports.
Watch Bengaluru streets turn red as RCB fans block roads, dance on cars, and burn crackers all night
Royal Challengers Bangalore (RCB) defeated Chennai Super Kings (CSK) by 27 runs in their final IPL 2024 league match, securing a playoff spot. RCB scored 218/5, with CSK managing 191/7. Fans in Bengaluru celebrated enthusiastically, blocking streets and setting off fireworks. RCB's victory marked their eighth playoff appearance after a strong season comeback.
Himachal: 104 roads blocked due to rain and snowfall, yellow alert issued
Himachal Pradesh State Disaster Management Authority further stated that a bridge has been washed away due to rain in Kangra. "The new bridge is likely to be constructed by this month," an official statement read.
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