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Ketan Parekh

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156-575: Ketan Parekh is a former stockbroker from Mumbai , who was convicted in 2008 for involvement in the Indian stock market manipulation scam that occurred from late 1998 to 2001. During this period, Parekh artificially rigged prices of certain chosen securities (informally referred to as K-10 stocks), using large sums of money borrowed from banks including the Madhavpura Mercantile Co-operative Bank, of which he himself

312-475: A 'resident of'. The term had been in use for quite some time but it gained popularity after the official name change to Mumbai. Older terms such as Bombayite are also used. Mumbai is built on what was once an archipelago of seven islands : Isle of Bombay , Parel , Mazagaon , Mahim , Colaba , Worli , and Old Woman's Island (also known as Little Colaba ). It is not exactly known when these islands were first inhabited. Pleistocene sediments found along

468-532: A deficient knowledge of the Portuguese language of these authors, mixing up the Portuguese word "bom" with the English "bay", from the English version of the name. In 1516, Portuguese explorer Duarte Barbosa used the name Tana-Maiambu : Tana appears to refer to the adjoining town of Thane and Maiambu to Mumbadevi . The form Bombaim is still commonly used in Portuguese. Other variations recorded in

624-642: A major role in rigging the prices of a set of ten Indian companies, from 1995 up to 2001. This resulted in Parekh's first conviction, which carried a one-year sentence, coming as a result of a transaction he conducted involving a unit of Canara Bank in 1992. Though Parekh was subsequently barred from stock trading, the Securities and Exchange Board of India alleged in 2009 that a variety of companies and other actors were trading on behalf of Parekh. An investigation ensued and 26 entities were banned from trading as

780-550: A major seaport on the Arabian Sea . Mumbai in the 19th century was characterised by economic and educational development. During the early 20th century it became a strong base for the Indian independence movement . Upon India's independence in 1947 the city was incorporated into Bombay State . In 1960, following the Samyukta Maharashtra Movement , a new state of Maharashtra was created with Mumbai as

936-491: A memorial to the martyrs of the Samyukta Maharashtra movement, Flora Fountain was renamed as Hutatma Chowk (Martyr's Square) and a memorial was erected. The following decades saw massive expansion of the city and its suburbs. In the late 1960s, Nariman Point and Cuffe Parade were reclaimed and developed. The Mumbai Metropolitan Region Development Authority (BMRDA) was established on 26 January 1975 by

1092-419: A memorial to the martyrs of the Samyukta Maharashtra movement, Flora Fountain was renamed as Hutatma Chowk (Martyr's Square) and a memorial was erected. The following decades saw massive expansion of the city and its suburbs. In the late 1960s, Nariman Point and Cuffe Parade were reclaimed and developed. The Mumbai Metropolitan Region Development Authority (BMRDA) was established on 26 January 1975 by

1248-610: A niche for itself in the information technology industry. The Santacruz Electronic Export Processing Zone (SEEPZ) and the International Infotech Park ( Navi Mumbai ) offer excellent facilities to IT companies. State and central government employees make up a large percentage of the city's workforce. Mumbai also has a large unskilled and semi-skilled self-employed population, who primarily earn their livelihood as hawkers, taxi drivers, mechanics, and other such blue collar professions. The port and shipping industry

1404-529: A niche for itself in the information technology industry. The Santacruz Electronic Export Processing Zone (SEEPZ) and the International Infotech Park ( Navi Mumbai ) offer excellent facilities to IT companies. State and central government employees make up a large percentage of the city's workforce. Mumbai also has a large unskilled and semi-skilled self-employed population, who primarily earn their livelihood as hawkers, taxi drivers, mechanics, and other such blue collar professions. The port and shipping industry

1560-508: A one-bedroom apartment in Mumbai proper is around ₹30,000, while according to ResearchGate, 25% of Mumbai households have a monthly income of less than ₹12,500. The overall average salary in Mumbai is ₹45,000. This means that the vast majority of conventional housing is out of bounds for many Mumbai residents, leading many to rely on informal housing. Greater Mumbai (or Brihanmumbai), an area of 603 km (233 sq mi), consisting of

1716-455: A one-bedroom apartment in Mumbai proper is around ₹30,000, while according to ResearchGate, 25% of Mumbai households have a monthly income of less than ₹12,500. The overall average salary in Mumbai is ₹45,000. This means that the vast majority of conventional housing is out of bounds for many Mumbai residents, leading many to rely on informal housing. Greater Mumbai (or Brihanmumbai), an area of 603 km (233 sq mi), consisting of

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1872-444: A price of Rs 10,000. This set of ten stocks was colloquially referred to as "K-10" stocks and Parekh was playfully referred to as "Pentafour Bull". It later transpired that promoters and industrialists often gave Parekh funds to artificially rig up their share prices. Thus in just a few months, scrips of virtually unknown companies like Visualsoft rose from ₹625 to ₹8,448 per share and Sonata Software rose from ₹90 to ₹2,936.60. However,

2028-547: A result of that investigation. In March 2014 he was convicted by a special CBI court in Bombay for cheating and sentenced to two years rigorous imprisonment. Mumbai Mumbai ( / m ʊ m ˈ b aɪ / muum- BY ; ISO : Muṁbaī , Marathi: [ˈmumbəi] ), formerly known as Bombay ( / b ɒ m ˈ b eɪ / bom- BAY ), is the capital city of the Indian state of Maharashtra . Mumbai

2184-813: A single amalgamated mass by way of a causeway called the Hornby Vellard , which was completed by 1784. In 1817, the British East India Company under Mountstuart Elphinstone defeated Baji Rao II , the last of the Maratha Peshwa in the Battle of Khadki . Following his defeat, almost the whole of the Deccan Plateau came under British suzerainty, and was incorporated into the Bombay Presidency. The success of

2340-481: A station in western India. On 11 May 1661, the marriage treaty of Charles II of England and Catherine of Braganza , daughter of King John IV of Portugal , placed the islands in possession of the English Empire , as part of Catherine's dowry to Charles. However, Salsette , Bassein , Mazagaon , Parel , Worli , Sion , Dharavi , and Wadala still remained under Portuguese possession. From 1665 to 1666,

2496-657: A temple". By the late 20th century, the city was referred to as Mumbai or Mambai in Marathi, Konkani , Gujarati , Kannada and Sindhi , and as Bambai in Hindi . The Government of India officially changed the English name to Mumbai in November 1995. This came at the insistence of the Marathi nationalist Shiv Sena party, which had just won the Maharashtra state elections, and mirrored similar name changes across

2652-502: A total wealth of around $ 960 billion, it is the richest Indian city and one of the richest cities in the world. As of 2008 , the Globalization and World Cities Study Group (GaWC) has ranked Mumbai as an "Alpha world city", third in its categories of Global cities . Mumbai is the third most expensive office market in the world, and was ranked among the fastest cities in the country for business startup in 2009. However, it

2808-439: A total wealth of around $ 960 billion, it is the richest Indian city and one of the richest cities in the world. As of 2008 , the Globalization and World Cities Study Group (GaWC) has ranked Mumbai as an "Alpha world city", third in its categories of Global cities . Mumbai is the third most expensive office market in the world, and was ranked among the fastest cities in the country for business startup in 2009. However, it

2964-793: A virtually rainless period extending from October to May and an extremely wet period peaking in July. A cooler season from December to February is followed by a hotter season from March to May. The period from June to about the end of September constitutes the south west monsoon season, and October and November form the post-monsoon season. Between June and September, the South-west monsoon rains occur in Mumbai. Pre-monsoon showers are received in May. Occasionally, north-east monsoon showers occur in October and November. The maximum annual rainfall ever recorded

3120-580: A virtually rainless period extending from October to May and an extremely wet period peaking in July. A cooler season from December to February is followed by a hotter season from March to May. The period from June to about the end of September constitutes the south west monsoon season, and October and November form the post-monsoon season. Between June and September, the South-west monsoon rains occur in Mumbai. Pre-monsoon showers are received in May. Occasionally, north-east monsoon showers occur in October and November. The maximum annual rainfall ever recorded

3276-579: Is also commonly referred to as the Island City or South Mumbai . The total area of Mumbai is 603.4 square kilometres (233.0 sq mi). Of this, the island city spans 67.79 square kilometres (26.17 sq mi), while the suburban district spans 370 square kilometres (140 sq mi), together accounting for 437.71 square kilometres (169.00 sq mi) under the administration of Municipal Corporation of Greater Mumbai (MCGM). The remaining areas belong to various Defence establishments,

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3432-520: Is also commonly referred to as the Island City or South Mumbai . The total area of Mumbai is 603.4 square kilometres (233.0 sq mi). Of this, the island city spans 67.79 square kilometres (26.17 sq mi), while the suburban district spans 370 square kilometres (140 sq mi), together accounting for 437.71 square kilometres (169.00 sq mi) under the administration of Municipal Corporation of Greater Mumbai (MCGM). The remaining areas belong to various Defence establishments,

3588-440: Is an Indian Administrative Service (IAS) officer appointed by the state government . Although the municipal corporation is the legislative body that lays down policies for the governance of the city, it is the commissioner who is responsible for the execution of the policies. The commissioner is appointed for a fixed term as defined by state statute. The powers of the commissioner are those provided by statute and those delegated by

3744-440: Is an Indian Administrative Service (IAS) officer appointed by the state government . Although the municipal corporation is the legislative body that lays down policies for the governance of the city, it is the commissioner who is responsible for the execution of the policies. The commissioner is appointed for a fixed term as defined by state statute. The powers of the commissioner are those provided by statute and those delegated by

3900-461: Is important to acknowledge that Mumbai faces important challenges regarding income inequality. Despite having the largest concentration of billionaires out of any city in Asia, Mumbai is one of the most unequal cities in the world. Like other Indian metropolitan cities, Mumbai is in desperate need of affordable housing infrastructure for its lower and lower-middle class citizens. The median rental cost of

4056-410: Is important to acknowledge that Mumbai faces important challenges regarding income inequality. Despite having the largest concentration of billionaires out of any city in Asia, Mumbai is one of the most unequal cities in the world. Like other Indian metropolitan cities, Mumbai is in desperate need of affordable housing infrastructure for its lower and lower-middle class citizens. The median rental cost of

4212-406: Is in charge of the civic and infrastructure needs of the metropolis. The mayor, who serves for a term of 2 + 1 ⁄ 2 years, is chosen through an indirect election by the councillors from among themselves. The municipal commissioner is the chief executive officer and head of the executive arm of the municipal corporation. All executive powers are vested in the municipal commissioner who

4368-406: Is in charge of the civic and infrastructure needs of the metropolis. The mayor, who serves for a term of 2 + 1 ⁄ 2 years, is chosen through an indirect election by the councillors from among themselves. The municipal commissioner is the chief executive officer and head of the executive arm of the municipal corporation. All executive powers are vested in the municipal commissioner who

4524-483: Is on a narrow peninsula on the southwest of Salsette Island , which lies between the Arabian Sea to the west, Thane Creek to the east and Vasai Creek to the north. Mumbai's suburban district occupies most of the island. Navi Mumbai is east of Thane Creek and Thane is north of Vasai Creek . Mumbai consists of two distinct regions: Mumbai City district and Mumbai Suburban district , which form two separate revenue districts of Maharashtra. The city district region

4680-483: Is on a narrow peninsula on the southwest of Salsette Island , which lies between the Arabian Sea to the west, Thane Creek to the east and Vasai Creek to the north. Mumbai's suburban district occupies most of the island. Navi Mumbai is east of Thane Creek and Thane is north of Vasai Creek . Mumbai consists of two distinct regions: Mumbai City district and Mumbai Suburban district , which form two separate revenue districts of Maharashtra. The city district region

4836-558: Is the financial capital and the most populous city proper of India with an estimated population of 12.5 million (1.25  crore ). Mumbai is the centre of the Mumbai Metropolitan Region , the sixth-most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour . In 2008, Mumbai

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4992-577: Is the centre of the Mumbai Metropolitan Region , the sixth-most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour . In 2008, Mumbai was named an alpha world city . Mumbai has the highest number of billionaires out of any city in Asia . The seven islands that constitute Mumbai were earlier home to communities of Marathi language -speaking Koli people . For centuries,

5148-419: Is the commercial capital of India and has evolved into a global financial hub. For several decades it has been the home of India's main financial services companies, and a focus for both infrastructure development and private investment. From being an ancient fishing community and a colonial centre of trade, Mumbai has become South Asia's largest city and home of the world's most prolific film industry. Mumbai

5304-419: Is the commercial capital of India and has evolved into a global financial hub. For several decades it has been the home of India's main financial services companies, and a focus for both infrastructure development and private investment. From being an ancient fishing community and a colonial centre of trade, Mumbai has become South Asia's largest city and home of the world's most prolific film industry. Mumbai

5460-455: Is well established, with Mumbai Port being one of the oldest and most significant ports in India. Dharavi , in central Mumbai, has an increasingly large recycling industry, processing recyclable waste from other parts of the city; the district has an estimated 15,000 single-room factories. As of 2024, Mumbai is home to the third-highest number of billionaires of any city in the world. With

5616-403: Is well established, with Mumbai Port being one of the oldest and most significant ports in India. Dharavi , in central Mumbai, has an increasingly large recycling industry, processing recyclable waste from other parts of the city; the district has an estimated 15,000 single-room factories. As of 2024, Mumbai is home to the third-highest number of billionaires of any city in the world. With

5772-533: The Lok Sabha discussions in 1955, the Congress party demanded that the city be constituted as an autonomous city-state. The States Reorganisation Committee recommended a bilingual state for Maharashtra– Gujarat with Mumbai as its capital in its 1955 report. Bombay Citizens' Committee , an advocacy group of leading Gujarati industrialists lobbied for Mumbai's independent status. Following protests during

5928-423: The Lok Sabha discussions in 1955, the Congress party demanded that the city be constituted as an autonomous city-state. The States Reorganisation Committee recommended a bilingual state for Maharashtra– Gujarat with Mumbai as its capital in its 1955 report. Bombay Citizens' Committee , an advocacy group of leading Gujarati industrialists lobbied for Mumbai's independent status. Following protests during

6084-612: The New York of India , is India's most populous city and is the financial and commercial capital of the country as it generates 6.16% of the total GDP. It serves as an economic hub of India; as of 2006, Mumbai contributed 10% of the nation's factory employment, 25% of industrial output, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of foreign trade , and ₹ 40 billion (equivalent to ₹ 130 billion or US$ 1.5 billion in 2023) in corporate taxes . Along with

6240-558: The New York of India , is India's most populous city and is the financial and commercial capital of the country as it generates 6.16% of the total GDP. It serves as an economic hub of India; as of 2006, Mumbai contributed 10% of the nation's factory employment, 25% of industrial output, 33% of income tax collections, 60% of customs duty collections, 20% of central excise tax collections, 40% of foreign trade , and ₹ 40 billion (equivalent to ₹ 130 billion or US$ 1.5 billion in 2023) in corporate taxes . Along with

6396-596: The Calcutta Stock Exchange . This resulted in a stock market crash the next day, resulting in large scale losses for large institutional investors, including insurance companies and mutual funds. A 30 member Joint Parliamentary Committee (JPC) investigation ensued which found that Parekh had been involved in circular trading throughout the time period from and with a variety of companies, including Global Trust Bank (GTB) and Madhavpura Mercantile Cooperative Bank (MMCB). The JPC found him to have played

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6552-490: The East India Company in 1661, through the dowry of Catherine Braganza when she was married off to Charles II of England . Beginning in 1782, Mumbai was reshaped by the Hornby Vellard project, which undertook reclamation of the area between the seven islands from the Arabian Sea . Along with the construction of major roads and railways , the reclamation project, completed in 1845, transformed Mumbai into

6708-631: The English gained possession of the city in the 17th century, the Portuguese name was anglicised as Bombay . Ali Muhammad Khan, imperial dewan or revenue minister of the Gujarat province, in the Mirat-i Ahmedi (1762) referred to the city as Manbai . The French traveller Louis Rousselet , who visited in 1863 and 1868, states in his book L'Inde des Rajahs , which was first published in 1877: "Etymologists have wrongly derived this name from

6864-680: The English East India Company in 1668 for a sum of £ 10 per annum. The population quickly rose from 10,000 in 1661, to 60,000 in 1675. The islands were subsequently attacked by Yakut Khan , the Muslim Koli admiral of the Mughal Empire , in October 1672, Rickloffe van Goen , the Governor-General of Dutch India on 20 February 1673, and Siddi admiral Sambal on 10 October 1673. In 1687,

7020-662: The First Anglo-Maratha War . The British were able to secure Salsette from the Marathas without violence through the Treaty of Purandar (1776) , and later through the Treaty of Salbai (1782), signed to settle the outcome of the First Anglo-Maratha War. From 1782 onwards, the city was reshaped with large-scale civil engineering projects aimed at merging all the seven islands of Bombay into

7176-669: The Fortune Global 500 companies are based in Mumbai. This is facilitated by the presence of the Reserve Bank of India (RBI), the Bombay Stock Exchange (BSE), the National Stock Exchange of India (NSE), and financial sector regulators such as the Securities and Exchange Board of India (SEBI). Until the 1970s, Mumbai owed its prosperity largely to textile mills and the seaport , but

7332-399: The Fortune Global 500 companies are based in Mumbai. This is facilitated by the presence of the Reserve Bank of India (RBI), the Bombay Stock Exchange (BSE), the National Stock Exchange of India (NSE), and financial sector regulators such as the Securities and Exchange Board of India (SEBI). Until the 1970s, Mumbai owed its prosperity largely to textile mills and the seaport , but

7488-941: The Government of India and the Consulate General of the United States, Mumbai monitor and publicly share real-time air quality data. In December 2019, IIT Bombay , in partnership with the McKelvey School of Engineering of Washington University in St. Louis launched the Aerosol and Air Quality Research Facility to study air pollution in Mumbai, among other Indian cities. Mumbai has been ranked 24th best “National Clean Air City” (under Category 1 >10L Population cities) in India according to 'Swachh Vayu Survekshan 2024 Results' Mumbai, sometimes described as

7644-586: The Government of India and the Consulate General of the United States, Mumbai monitor and publicly share real-time air quality data. In December 2019, IIT Bombay , in partnership with the McKelvey School of Engineering of Washington University in St. Louis launched the Aerosol and Air Quality Research Facility to study air pollution in Mumbai, among other Indian cities. Mumbai has been ranked 24th best “National Clean Air City” (under Category 1 >10L Population cities) in India according to 'Swachh Vayu Survekshan 2024 Results' Mumbai, sometimes described as

7800-575: The Government of Maharashtra as an apex body for planning and co-ordination of development activities in the Mumbai metropolitan region . In August 1979, a sister township of New Mumbai was founded by the City and Industrial Development Corporation (CIDCO) across the Thane and Raigad districts to help the dispersal and control of Mumbai's population. The textile industry in Mumbai largely disappeared after

7956-422: The Government of Maharashtra as an apex body for planning and co-ordination of development activities in the Mumbai metropolitan region . In August 1979, a sister township of New Mumbai was founded by the City and Industrial Development Corporation (CIDCO) across the Thane and Raigad districts to help the dispersal and control of Mumbai's population. The textile industry in Mumbai largely disappeared after

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8112-504: The Hindi and Marathi film industries. Mumbai's business opportunities attract migrants from all over India. The name Mumbai ( Marathi : मुंबई ) originated from Mumbā or Mahā-Ambā —the name of the patron Hindu goddess ( kuladevata ) Mumbadevi of the native Koli community —and from ā'ī , meaning "mother" in the Marathi language , which is the mother tongue of the Koli people and

8268-518: The Marathas under Peshwa Baji Rao I captured Salsette in 1737, and Bassein in 1739. By the middle of the 18th century, Mumbai began to grow into a major trading town, and received a huge influx of migrants from across India. Later, the British occupied Salsette on 28 December 1774. With the Treaty of Surat (1775), the British formally gained control of Salsette and Bassein, resulting in

8424-489: The Mithi River originates from Tulsi Lake and gathers water overflowing from Vihar and Powai Lakes. The coastline of the city is indented with numerous creeks and bays, stretching from the Thane creek on the eastern to Madh Marve on the western front. The eastern coast of Salsette Island is covered with large mangrove swamps , rich in biodiversity, while the western coast is mostly sandy and rocky. Soil cover in

8580-430: The Mithi River originates from Tulsi Lake and gathers water overflowing from Vihar and Powai Lakes. The coastline of the city is indented with numerous creeks and bays, stretching from the Thane creek on the eastern to Madh Marve on the western front. The eastern coast of Salsette Island is covered with large mangrove swamps , rich in biodiversity, while the western coast is mostly sandy and rocky. Soil cover in

8736-727: The Mumbai City and Mumbai Suburban districts, extends from Colaba in the south, to Mulund and Dahisar in the north, and Mankhurd in the east. Its population as per the 2011 census was 12,442,373. It is administered by the Brihanmumbai Municipal Corporation (BMC) (sometimes referred to as the Municipal Corporation of Greater Mumbai ), formerly known as the Bombay Municipal Corporation (BMC). The BMC

8892-424: The Mumbai City and Mumbai Suburban districts, extends from Colaba in the south, to Mulund and Dahisar in the north, and Mankhurd in the east. Its population as per the 2011 census was 12,442,373. It is administered by the Brihanmumbai Municipal Corporation (BMC) (sometimes referred to as the Municipal Corporation of Greater Mumbai ), formerly known as the Bombay Municipal Corporation (BMC). The BMC

9048-744: The Mumbai Port Trust , the Atomic Energy Commission and the Borivali National Park, which are out of the jurisdiction of the MCGM. The Mumbai Metropolitan Region which includes portions of Thane , Palghar and Raigad districts in addition to Greater Mumbai, covers an area of 4,355 square kilometres (1,681 sq mi). Mumbai lies at the mouth of the Ulhas River on the western coast of India, in

9204-416: The Mumbai Port Trust , the Atomic Energy Commission and the Borivali National Park, which are out of the jurisdiction of the MCGM. The Mumbai Metropolitan Region which includes portions of Thane , Palghar and Raigad districts in addition to Greater Mumbai, covers an area of 4,355 square kilometres (1,681 sq mi). Mumbai lies at the mouth of the Ulhas River on the western coast of India, in

9360-641: The Shilaharas from 810 to 1260. Some of the oldest edifices in the city built during this period are the Jogeshwari Caves (between 520 and 525), Elephanta Caves (between the sixth to seventh century), Walkeshwar Temple (10th century), and Banganga Tank (12th century). King Bhimdev founded his kingdom in the region in the late 13th century and established his capital in Mahikawati (present day Mahim ). The Pathare Prabhus , among

9516-598: The Treaty of Bassein with the Portuguese Empire on 23 December 1534. According to the treaty, the Seven Islands of Bombay, the nearby strategic town of Bassein and its dependencies were offered to the Portuguese. The territories were later surrendered on 25 October 1535. The Portuguese were actively involved in the foundation and growth of their Roman Catholic religious orders in Bombay. They called

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9672-474: The Treaty of Surat (1775), the British formally gained control of Salsette and Bassein, resulting in the First Anglo-Maratha War . The British were able to secure Salsette from the Marathas without violence through the Treaty of Purandar (1776) , and later through the Treaty of Salbai (1782), signed to settle the outcome of the First Anglo-Maratha War. From 1782 onwards, the city was reshaped with large-scale civil engineering projects aimed at merging all

9828-596: The demolition of the Babri Masjid in Ayodhya , the city was rocked by the Hindu-Muslim riots of 1992–93 in which more than 1,000 people were killed. In March 1993, a series of 13 coordinated bombings at several city landmarks by Islamic extremists and the Mumbai underworld resulted in 257 deaths and over 700 injuries. In 2006, 209 people were killed and over 700 injured when seven bombs exploded on

9984-421: The demolition of the Babri Masjid in Ayodhya , the city was rocked by the Hindu-Muslim riots of 1992–93 in which more than 1,000 people were killed. In March 1993, a series of 13 coordinated bombings at several city landmarks by Islamic extremists and the Mumbai underworld resulted in 257 deaths and over 700 injuries. In 2006, 209 people were killed and over 700 injured when seven bombs exploded on

10140-420: The seven islands of Bombay into a single amalgamated mass by way of a causeway called the Hornby Vellard , which was completed by 1784. In 1817, the British East India Company under Mountstuart Elphinstone defeated Baji Rao II , the last of the Maratha Peshwa in the Battle of Khadki . Following his defeat, almost the whole of the Deccan Plateau came under British suzerainty, and was incorporated into

10296-406: The seven islands of Bombay were under the control of successive indigenous rulers before being ceded to the Portuguese Empire , and subsequently to the East India Company in 1661, through the dowry of Catherine Braganza when she was married off to Charles II of England . Beginning in 1782, Mumbai was reshaped by the Hornby Vellard project, which undertook reclamation of the area between

10452-439: The 16th and the 17th centuries include: Mombayn (1525), Bombay (1538), Bombain (1552), Bombaym (1552), Monbaym (1554), Mombaim (1563), Mombaym (1644), Bambaye (1666), Bombaiim (1666), Bombeye (1676), Boon Bay (1690) and Bon Bahia . After the English gained possession of the city in the 17th century, the Portuguese name was anglicised as Bombay . Ali Muhammad Khan, imperial dewan or revenue minister of

10608-524: The Bahmani Sultanate attempted to conquer the islands but was defeated. The Mughal Empire , founded in 1526, was the dominant power in the Indian subcontinent during the mid-16th century. Growing apprehensive of the power of the Mughal emperor Humayun , Sultan Bahadur Shah of Gujarat was obliged to sign the Treaty of Bassein with the Portuguese Empire on 23 December 1534. According to

10764-621: The Bombay Presidency. The success of the British campaign in the Deccan marked the end of all attacks by native powers. By 1845, the seven islands coalesced into a single landmass by the Hornby Vellard project via large scale land reclamation . On 16 April 1853, India's first passenger railway line was established, connecting Mumbai to the neighbouring town of Thana (now Thane). During the American Civil War (1861–1865),

10920-414: The British campaign in the Deccan marked the end of all attacks by native powers. By 1845, the seven islands coalesced into a single landmass by the Hornby Vellard project via large scale land reclamation . On 16 April 1853, India's first passenger railway line was established, connecting Mumbai to the neighbouring town of Thana (now Thane). During the American Civil War (1861–1865), the city became

11076-661: The Delhi Sultanate. The islands were later governed by the independent Gujarat Sultanate , which was established in 1407. As a result of the Sultanate's support, numerous mosques were built, with one notable example being the Haji Ali Dargah in Worli . Erected in 1431, this magnificent structure pays homage to the revered Muslim saint, Haji Ali. From 1429 to 1431, the islands were a source of contention between

11232-553: The English East India Company transferred its headquarters from Surat to Mumbai. The city eventually became the headquarters of the Bombay Presidency . Following the transfer, Mumbai was placed at the head of all the company's establishments in India. Towards the end of the 17th century, the islands again suffered incursions from Yakut Khan in 1689–90. The Portuguese presence ended in Mumbai when

11388-511: The English managed to acquire Mahim, Sion, Dharavi, and Wadala. In accordance with the Royal Charter of 27 March 1668 , England leased these islands to the English East India Company in 1668 for a sum of £ 10 per annum. The population quickly rose from 10,000 in 1661, to 60,000 in 1675. The islands were subsequently attacked by Yakut Khan , the Muslim Koli admiral of the Mughal Empire , in October 1672, Rickloffe van Goen ,

11544-462: The English name to Mumbai in November 1995. This came at the insistence of the Marathi nationalist Shiv Sena party, which had just won the Maharashtra state elections, and mirrored similar name changes across the country and particularly in Maharashtra. According to Slate magazine, "they argued that 'Bombay' was a corrupted English version of 'Mumbai' and an unwanted legacy of British colonial rule." Slate also said "The push to rename Bombay

11700-415: The Governor-General of Dutch India on 20 February 1673, and Siddi admiral Sambal on 10 October 1673. In 1687, the English East India Company transferred its headquarters from Surat to Mumbai. The city eventually became the headquarters of the Bombay Presidency . Following the transfer, Mumbai was placed at the head of all the company's establishments in India. Towards the end of the 17th century,

11856-549: The Gujarat Sultanate and the Bahmani Sultanate of Deccan. In 1493, Bahadur Khan Gilani of the Bahmani Sultanate attempted to conquer the islands but was defeated. The Mughal Empire , founded in 1526, was the dominant power in the Indian subcontinent during the mid-16th century. Growing apprehensive of the power of the Mughal emperor Humayun , Sultan Bahadur Shah of Gujarat was obliged to sign

12012-571: The Gujarat province, in the Mirat-i Ahmedi (1762) referred to the city as Manbai . The French traveller Louis Rousselet , who visited in 1863 and 1868, states in his book L'Inde des Rajahs , which was first published in 1877: "Etymologists have wrongly derived this name from the Portuguese Bôa Bahia, or (French: "bonne bai", English: "good bay"), not knowing that the tutelar goddess of this island has been, from remote antiquity, Bomba, or Mumba Devi , and that she still ... possesses

12168-573: The Indian union were integrated into the state. Subsequently, the city became the capital of Bombay State. In April 1950, Municipal limits of Mumbai were expanded by merging the Mumbai Suburban District and Mumbai City to form the Greater Mumbai Municipal Corporation. The Samyukta Maharashtra movement to create a separate Maharashtra state including Mumbai was at its height in the 1950s. In

12324-404: The Indian union were integrated into the state. Subsequently, the city became the capital of Bombay State. In April 1950, Municipal limits of Mumbai were expanded by merging the Mumbai Suburban District and Mumbai City to form the Greater Mumbai Municipal Corporation. The Samyukta Maharashtra movement to create a separate Maharashtra state including Mumbai was at its height in the 1950s. In

12480-495: The Island City, the average maximum temperature is 31 °C (88 °F), while the average minimum temperature is 24 °C (75 °F). In the suburbs, the daily mean maximum temperature range from 29 °C (84 °F) to 33 °C (91 °F), while the daily mean minimum temperature ranges from 16 °C (61 °F) to 26 °C (79 °F). The record high is 42.2 °C (108 °F) set on 14 April 1952, and

12636-435: The Island City, the average maximum temperature is 31 °C (88 °F), while the average minimum temperature is 24 °C (75 °F). In the suburbs, the daily mean maximum temperature range from 29 °C (84 °F) to 33 °C (91 °F), while the daily mean minimum temperature ranges from 16 °C (61 °F) to 26 °C (79 °F). The record high is 42.2 °C (108 °F) set on 14 April 1952, and

12792-434: The Portuguese Bôa Bahia, or (French: "bonne bai", English: "good bay"), not knowing that the tutelar goddess of this island has been, from remote antiquity, Bomba, or Mumba Devi , and that she still ... possesses a temple". By the late 20th century, the city was referred to as Mumbai or Mambai in Marathi, Konkani , Gujarati , Kannada and Sindhi , and as Bambai in Hindi . The Government of India officially changed

12948-473: The Portuguese vying for hegemony over Mumbai, as they recognised its strategic natural harbour and its natural isolation from land attacks. By the middle of the 17th century the growing power of the Dutch Empire forced the English to acquire a station in western India. On 11 May 1661, the marriage treaty of Charles II of England and Catherine of Braganza , daughter of King John IV of Portugal , placed

13104-606: The Portuguese word "bom" with the English "bay", from the English version of the name. In 1516, Portuguese explorer Duarte Barbosa used the name Tana-Maiambu : Tana appears to refer to the adjoining town of Thane and Maiambu to Mumbadevi . The form Bombaim is still commonly used in Portuguese. Other variations recorded in the 16th and the 17th centuries include: Mombayn (1525), Bombay (1538), Bombain (1552), Bombaym (1552), Monbaym (1554), Mombaim (1563), Mombaym (1644), Bambaye (1666), Bombaiim (1666), Bombeye (1676), Boon Bay (1690) and Bon Bahia . After

13260-873: The bear cartel in Bombay stock exchange started to hammer his K-10 stocks in February 2001, leading them to fall and precipitating a payment crisis in Calcutta . On 1 March 2001, just after the Indian Union Budget had been presented, the BSE Sensex crashed 176 points, prompting the then NDA government to set up an inquiry into the market reaction. Subsequently the RBI refused to clear pay orders (POs) that had been given by Parekh as collateral for loans to BOI (Bank of India), as they found them to be suspicious. The RBI commenced an investigation against Parekh. Around

13416-762: The beginning of the Common Era , or possibly earlier, they came to be occupied by the Koli fishing community. In the 3rd century BCE, the islands formed part of the Maurya Empire , during its expansion in the south, ruled by the Buddhist emperor Ashoka of Magadha . The Kanheri Caves in Borivali were excavated from basalt rock in the first century CE, and served as an important centre of Buddhism in Western India during ancient Times. The city then

13572-604: The capital. Mumbai is the financial , commercial, and entertainment capital of South Asia . Mumbai is often compared to New York , and the city is home to the Bombay Stock Exchange , situated on Dalal Street . It is also one of the world's top ten centres of commerce in terms of global financial flow, generating 6.16% of India's GDP, and accounting for 25% of the nation's industrial output, 70% of maritime trade in India ( Mumbai Port Trust , Dharamtar Port and JNPT ), and 70% of capital transactions to India's economy . The city houses important financial institutions and

13728-478: The city became the world's chief cotton-trading market, resulting in a boom in the economy that subsequently enhanced the city's stature. The opening of the Suez Canal in 1869 transformed Mumbai into one of the largest seaports on the Arabian Sea . In September 1896, Mumbai was hit by a bubonic plague epidemic where the death toll was estimated at 1,900 people per week. About 850,000 people fled Mumbai and

13884-403: The city by a name other than Mumbai has been controversial. A resident of Mumbai is called Mumbaikar ( pronounced [ˈmumbəikəɾ] ) in Marathi , in which the suffix -kar means a 'resident of'. The term had been in use for quite some time but it gained popularity after the official name change to Mumbai. Older terms such as Bombayite are also used. Mumbai is built on what

14040-464: The city like the Bombay Castle , Castella de Aguada (Castelo da Aguada or Bandra Fort), and Madh Fort . The English were in constant struggle with the Portuguese vying for hegemony over Mumbai, as they recognised its strategic natural harbour and its natural isolation from land attacks. By the middle of the 17th century the growing power of the Dutch Empire forced the English to acquire

14196-401: The city region is predominantly sandy due to its proximity to the sea. In the suburbs, the soil cover is largely alluvial and loamy. The underlying rock of the region is composed of black Deccan basalt flows, and their acidic and basic variants dating back to the late Cretaceous and early Eocene eras. Mumbai sits on a seismically active zone owing to the presence of 23 fault lines in

14352-401: The city region is predominantly sandy due to its proximity to the sea. In the suburbs, the soil cover is largely alluvial and loamy. The underlying rock of the region is composed of black Deccan basalt flows, and their acidic and basic variants dating back to the late Cretaceous and early Eocene eras. Mumbai sits on a seismically active zone owing to the presence of 23 fault lines in

14508-534: The city was incorporated into Bombay State . In 1960, following the Samyukta Maharashtra Movement , a new state of Maharashtra was created with Mumbai as the capital. Mumbai is the financial , commercial, and entertainment capital of South Asia . Mumbai is often compared to New York , and the city is home to the Bombay Stock Exchange , situated on Dalal Street . It is also one of the world's top ten centres of commerce in terms of global financial flow, generating 6.16% of India's GDP, and accounting for 25% of

14664-509: The city's commuter trains . In 2008, a series of ten coordinated attacks by armed terrorists for three days resulted in 173 deaths, 308 injuries, and severe damage to several heritage landmarks and prestigious hotels. The three coordinated bomb explosions in July 2011 that occurred at the Opera house , Zaveri Bazaar and Dadar were the latest in the series of terrorist attacks in Mumbai which resulted in 26 deaths and 130 injuries. Mumbai

14820-458: The city's commuter trains . In 2008, a series of ten coordinated attacks by armed terrorists for three days resulted in 173 deaths, 308 injuries, and severe damage to several heritage landmarks and prestigious hotels. The three coordinated bomb explosions in July 2011 that occurred at the Opera house , Zaveri Bazaar and Dadar were the latest in the series of terrorist attacks in Mumbai which resulted in 26 deaths and 130 injuries. Mumbai

14976-532: The city, prominent being the St. Michael's Church at Mahim (1534), St. John the Baptist Church at Andheri (1579), St. Andrew's Church at Bandra (1580), and Gloria Church at Byculla (1632). The Portuguese also built several fortifications around the city like the Bombay Castle , Castella de Aguada (Castelo da Aguada or Bandra Fort), and Madh Fort . The English were in constant struggle with

15132-550: The city: Vihar , Lower Vaitarna , Upper Vaitarna , Tulsi , Tansa and Powai . Tulsi Lake and Vihar Lake are located in Borivili National Park , within the city's limits. The supply from Powai lake, also within the city limits, is used only for agricultural and industrial purposes. Three small rivers, the Dahisar River , Poinsar (or Poisar) and Ohiwara (or Oshiwara) originate within the park, while

15288-414: The city: Vihar , Lower Vaitarna , Upper Vaitarna , Tulsi , Tansa and Powai . Tulsi Lake and Vihar Lake are located in Borivili National Park , within the city's limits. The supply from Powai lake, also within the city limits, is used only for agricultural and industrial purposes. Three small rivers, the Dahisar River , Poinsar (or Poisar) and Ohiwara (or Oshiwara) originate within the park, while

15444-560: The coastal areas around Kandivali in northern Mumbai suggest that the islands were inhabited since the South Asian Stone Age . Perhaps at the beginning of the Common Era , or possibly earlier, they came to be occupied by the Koli fishing community. In the 3rd century BCE, the islands formed part of the Maurya Empire , during its expansion in the south, ruled by the Buddhist emperor Ashoka of Magadha . The Kanheri Caves in Borivali were excavated from basalt rock in

15600-413: The coastal region known as the Konkan . It sits on Salsette Island (Sashti Island), which it partially shares with the Thane district . Mumbai is bounded by the Arabian Sea to the west. Many parts of the city lie just above sea level, with elevations ranging from 10 to 15 metres (33 to 49 ft); the city has an average elevation of 14 metres (46 ft). Northern Mumbai (Salsette) is hilly, and

15756-413: The coastal region known as the Konkan . It sits on Salsette Island (Sashti Island), which it partially shares with the Thane district . Mumbai is bounded by the Arabian Sea to the west. Many parts of the city lie just above sea level, with elevations ranging from 10 to 15 metres (33 to 49 ft); the city has an average elevation of 14 metres (46 ft). Northern Mumbai (Salsette) is hilly, and

15912-519: The control of successive indigenous dynasties : Satavahanas , Western Satraps , Abhira , Vakataka , Kalachuris , Konkan Mauryas , Chalukyas and Rashtrakutas , before being ruled by the Shilaharas from 810 to 1260. Some of the oldest edifices in the city built during this period are the Jogeshwari Caves (between 520 and 525), Elephanta Caves (between the sixth to seventh century), Walkeshwar Temple (10th century), and Banganga Tank (12th century). King Bhimdev founded his kingdom in

16068-441: The corporate headquarters of numerous Indian companies and multinational corporations . The city is also home to some of India's premier scientific and nuclear institutes and the Hindi and Marathi film industries. Mumbai's business opportunities attract migrants from all over India. The name Mumbai ( Marathi : मुंबई ) originated from Mumbā or Mahā-Ambā —the name of the patron Hindu goddess ( kuladevata ) Mumbadevi of

16224-477: The corporation or the standing committee. Bombay Mumbai ( / m ʊ m ˈ b aɪ / muum- BY ; ISO : Muṁbaī , Marathi: [ˈmumbəi] ), formerly known as Bombay ( / b ɒ m ˈ b eɪ / bom- BAY ), is the capital city of the Indian state of Maharashtra . Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12.5 million (1.25  crore ). Mumbai

16380-458: The country and particularly in Maharashtra. According to Slate magazine, "they argued that 'Bombay' was a corrupted English version of 'Mumbai' and an unwanted legacy of British colonial rule." Slate also said "The push to rename Bombay was part of a larger movement to strengthen Marathi identity in the Maharashtra region." While Mumbai is still referred to as Bombay by some of its residents and by some Indians from other regions, mention of

16536-484: The earliest known settlers of the city, were brought to Mahikawati from Saurashtra in Gujarat around 1298 by Bhimdev. The Delhi Sultanate annexed the islands in 1347–48 and controlled it until 1407. During this time, the islands were administered by the Muslim Governors of Gujarat , who were appointed by the Delhi Sultanate. The islands were later governed by the independent Gujarat Sultanate , which

16692-518: The evacuation of the residents of those areas to temporary safe camps. Air pollution is a major issue in Mumbai. According to the 2016 World Health Organization Global Urban Ambient Air Pollution Database, the annual average PM2.5 concentration in 2013 was 63 μg/m , which is 6.3 times higher than that recommended by the WHO Air Quality Guidelines for the annual mean PM2.5. The Central Pollution Control Board for

16848-438: The evacuation of the residents of those areas to temporary safe camps. Air pollution is a major issue in Mumbai. According to the 2016 World Health Organization Global Urban Ambient Air Pollution Database, the annual average PM2.5 concentration in 2013 was 63 μg/m , which is 6.3 times higher than that recommended by the WHO Air Quality Guidelines for the annual mean PM2.5. The Central Pollution Control Board for

17004-487: The financial media of his malpractices related to the stock market, scrutiny shifted to his activities leading to his arrest on 30 March 2001. Ketan Parekh purchased small stakes in less known small market capitalization companies, and jacked up their prices through circular trading with other traders, and collusion with these companies and large institutional investors. This resulted in steep hikes in share prices (for example: shares of Zee telefilms zoomed up from Rs 127 to

17160-525: The first century CE, and served as an important centre of Buddhism in Western India during ancient Times. The city then was known as Heptanesia ( Ancient Greek : A Cluster of Seven Islands) to the Greek geographer Ptolemy in 150 CE. The Mahakali Caves in Andheri were cut out between the 1st century BCE and the 6th century CE. Between the 2nd century BCE and 9th century CE, the islands came under

17316-572: The highest point in the city is 450 metres (1,480 ft) at Salsette in the Powai – Kanheri ranges. The Sanjay Gandhi National Park (Borivali National Park) is located partly in the Mumbai suburban district , and partly in the Thane district, and it extends over an area of 103.09 square kilometres (39.80 sq mi). Apart from the Bhatsa Dam , there are six major lakes that supply water to

17472-411: The highest point in the city is 450 metres (1,480 ft) at Salsette in the Powai – Kanheri ranges. The Sanjay Gandhi National Park (Borivali National Park) is located partly in the Mumbai suburban district , and partly in the Thane district, and it extends over an area of 103.09 square kilometres (39.80 sq mi). Apart from the Bhatsa Dam , there are six major lakes that supply water to

17628-414: The islands again suffered incursions from Yakut Khan in 1689–90. The Portuguese presence ended in Mumbai when the Marathas under Peshwa Baji Rao I captured Salsette in 1737, and Bassein in 1739. By the middle of the 18th century, Mumbai began to grow into a major trading town, and received a huge influx of migrants from across India. Later, the British occupied Salsette on 28 December 1774. With

17784-487: The islands by various names, which finally took the written form Bombaim . The islands were leased to several Portuguese officers during their regime. The Portuguese Franciscans and Jesuits built several churches in the city, prominent being the St. Michael's Church at Mahim (1534), St. John the Baptist Church at Andheri (1579), St. Andrew's Church at Bandra (1580), and Gloria Church at Byculla (1632). The Portuguese also built several fortifications around

17940-408: The islands in possession of the English Empire , as part of Catherine's dowry to Charles. However, Salsette , Bassein , Mazagaon , Parel , Worli , Sion , Dharavi , and Wadala still remained under Portuguese possession. From 1665 to 1666, the English managed to acquire Mahim, Sion, Dharavi, and Wadala. In accordance with the Royal Charter of 27 March 1668 , England leased these islands to

18096-503: The late 1980s at Narbheram Harakchand Securities (NH Securities), a reputed institutional brokerage firm. In the 90s, he came in contact with Harshad Mehta , a well known stock broker and subsequently joined Mehta's firm GrowMore investments , a firm that Mehta had set up and which was involved in the 1992 Indian stock market scam. Though one of the accused in some of the scams that invested heavily in stocks related to IT, media and communication and propagated them. As cover stories emerged in

18252-519: The local economy has since then diversified to include finance , engineering , diamond-polishing, healthcare , and information technology. The key sectors contributing to the city's economy are: finance, gems & jewellery, leather processing, IT and ITES , textiles, petrochemical, electronics manufacturing, automobiles, and entertainment. Nariman Point and Bandra Kurla Complex (BKC) are Mumbai's major financial centres. Despite competition from Bangalore , Hyderabad and Pune , Mumbai has carved

18408-519: The local economy has since then diversified to include finance , engineering , diamond-polishing, healthcare , and information technology. The key sectors contributing to the city's economy are: finance, gems & jewellery, leather processing, IT and ITES , textiles, petrochemical, electronics manufacturing, automobiles, and entertainment. Nariman Point and Bandra Kurla Complex (BKC) are Mumbai's major financial centres. Despite competition from Bangalore , Hyderabad and Pune , Mumbai has carved

18564-487: The movement in which 105 people died in clashes with the police, Bombay State was reorganised on linguistic lines on 1 May 1960. Gujarati -speaking areas of Bombay State were partitioned into the state of Gujarat. Maharashtra State with Mumbai as its capital was formed with the merger of Marathi -speaking areas of Bombay State , eight districts from Central Provinces and Berar , five districts from Hyderabad State , and numerous princely states enclosed between them. As

18720-487: The movement in which 105 people died in clashes with the police, Bombay State was reorganised on linguistic lines on 1 May 1960. Gujarati -speaking areas of Bombay State were partitioned into the state of Gujarat. Maharashtra State with Mumbai as its capital was formed with the merger of Marathi -speaking areas of Bombay State , eight districts from Central Provinces and Berar , five districts from Hyderabad State , and numerous princely states enclosed between them. As

18876-433: The name "Bombaim" after 1512 in his Lendas da Índia ( Legends of India ). While some Anglophone authors have suggested this name possibly originated as an alleged Galician-Portuguese phrase bom baim , meaning "good little bay", such suggestions lack any scientific basis. Portuguese linguist José Pedro Machado attributes that interpretation to a deficient knowledge of the Portuguese language of these authors, mixing up

19032-407: The nation's industrial output, 70% of maritime trade in India ( Mumbai Port Trust , Dharamtar Port and JNPT ), and 70% of capital transactions to India's economy . The city houses important financial institutions and the corporate headquarters of numerous Indian companies and multinational corporations . The city is also home to some of India's premier scientific and nuclear institutes and

19188-452: The native Koli community —and from ā'ī , meaning "mother" in the Marathi language , which is the mother tongue of the Koli people and the official language of Maharashtra. According to certain accounts, the Koli community, which hails from Kathiawar and Central Gujarat , is believed to have introduced their deity Mumba from Kathiawar ( Gujarat ), where her worship continues to this day. However, other sources disagree that Mumbai's name

19344-501: The official language of Maharashtra. According to certain accounts, the Koli community, which hails from Kathiawar and Central Gujarat , is believed to have introduced their deity Mumba from Kathiawar ( Gujarat ), where her worship continues to this day. However, other sources disagree that Mumbai's name was derived from the goddess Mumba. The oldest known names for the city are Kakamuchee and Galajunkja ; these are sometimes still used. Portuguese writer Gaspar Correia recorded

19500-723: The past few decades, the frequency of floods in Mumbai is enormous, the 2005 Mumbai floods are characterised by 500-1000 deaths, household displacements, damaged infrastructure-(including heritage sites), and a financial loss of US$ 1.2 billion. In the process of reducing floods in Mumbai, the Maharashtra government adopted a flood mitigation plan; according to which the drainage system will be restructured, restoration of Mithi River , and re-establishment of informal settlements. Local civic body Brihanmumbai Municipal Corporation (BMC) authorities are assigned to forecast and issue eviction notices while BMC along with NGO's prepare for

19656-664: The past few decades, the frequency of floods in Mumbai is enormous, the 2005 Mumbai floods are characterised by 500-1000 deaths, household displacements, damaged infrastructure-(including heritage sites), and a financial loss of US$ 1.2 billion. In the process of reducing floods in Mumbai, the Maharashtra government adopted a flood mitigation plan; according to which the drainage system will be restructured, restoration of Mithi River , and re-establishment of informal settlements. Local civic body Brihanmumbai Municipal Corporation (BMC) authorities are assigned to forecast and issue eviction notices while BMC along with NGO's prepare for

19812-526: The record low is 7.4 °C (45 °F) set on 27 January 1962. Tropical cyclones are rare in the city. The worst cyclone to ever impact Mumbai was the one in 1948 where gusts reached 151 km/h (94 mph) in Juhu. The storm left 38 people dead and 47 missing. The storm reportedly impacted Mumbai for 20 hours and left the city devastated. Mumbai is prone to monsoon floods, exacerbated by climate change which affects heavy rains and high tide in

19968-475: The record low is 7.4 °C (45 °F) set on 27 January 1962. Tropical cyclones are rare in the city. The worst cyclone to ever impact Mumbai was the one in 1948 where gusts reached 151 km/h (94 mph) in Juhu. The storm left 38 people dead and 47 missing. The storm reportedly impacted Mumbai for 20 hours and left the city devastated. Mumbai is prone to monsoon floods, exacerbated by climate change which affects heavy rains and high tide in

20124-447: The region in the late 13th century and established his capital in Mahikawati (present day Mahim ). The Pathare Prabhus , among the earliest known settlers of the city, were brought to Mahikawati from Saurashtra in Gujarat around 1298 by Bhimdev. The Delhi Sultanate annexed the islands in 1347–48 and controlled it until 1407. During this time, the islands were administered by the Muslim Governors of Gujarat , who were appointed by

20280-667: The rest of India, Mumbai has witnessed an economic boom since the liberalisation of 1991 , the finance boom in the mid-nineties and the IT, export, services and outsourcing boom in the 2000s. Estimates of the 2016 economy of the Mumbai Metropolitan Region have ranged from $ 368 billion to $ 400 billion ( PPP metro GDP ) ranking it either the most or second-most productive metro area of India. Many of India's numerous conglomerates (including Larsen & Toubro , State Bank of India (SBI), Life Insurance Corporation of India (LIC), Tata Group , Godrej and Reliance ), and five of

20436-619: The rest of India, Mumbai has witnessed an economic boom since the liberalisation of 1991 , the finance boom in the mid-nineties and the IT, export, services and outsourcing boom in the 2000s. Estimates of the 2016 economy of the Mumbai Metropolitan Region have ranged from $ 368 billion to $ 400 billion ( PPP metro GDP ) ranking it either the most or second-most productive metro area of India. Many of India's numerous conglomerates (including Larsen & Toubro , State Bank of India (SBI), Life Insurance Corporation of India (LIC), Tata Group , Godrej and Reliance ), and five of

20592-413: The same time, a bear cartel of brokers in Mumbai opposed to Parekh tried to dump their shares of K-10 stocks. Panicking, Parekh sold off his entire ownership of the so called K-10 stocks that he had successfully jacked up over the past two years, especially those of two entities - GTB bank and MMCB bank. He carried out this large scale dump in the evening, after regular trading hours, from 5 PM to midnight at

20748-496: The sea. According to the World Bank , unplanned drainage system and informal settlement is a key factor of frequent floods in Mumbai. Among other causes of flooding in Mumbai is its geographic location , Mumbai urban is peninsular in form, (a land-filled area that connects seven islands) a low laying area, compared to its suburbs that sit on an elevated location. Over the past few decades, new informal settlements were formed in

20904-438: The sea. According to the World Bank , unplanned drainage system and informal settlement is a key factor of frequent floods in Mumbai. Among other causes of flooding in Mumbai is its geographic location , Mumbai urban is peninsular in form, (a land-filled area that connects seven islands) a low laying area, compared to its suburbs that sit on an elevated location. Over the past few decades, new informal settlements were formed in

21060-423: The seven islands from the Arabian Sea . Along with the construction of major roads and railways , the reclamation project, completed in 1845, transformed Mumbai into a major seaport on the Arabian Sea . Mumbai in the 19th century was characterised by economic and educational development. During the early 20th century it became a strong base for the Indian independence movement . Upon India's independence in 1947

21216-576: The suburbs, causing a rapid increase in population, improper waste management, and drainage congestion. The rainwater from these areas heavily flows towards low-lying urban areas consisting of some slums and high-rise buildings. As a result, slums are either swamped , washed away, or collapse causing heavy casualties, and post-flood water logging lasts for a long time that causing blockage of railway lines-(most frequently used public transport in Mumbai), traffic snarl, inundated roads, and sub-merged bylanes. Over

21372-523: The suburbs, causing a rapid increase in population, improper waste management, and drainage congestion. The rainwater from these areas heavily flows towards low-lying urban areas consisting of some slums and high-rise buildings. As a result, slums are either swamped , washed away, or collapse causing heavy casualties, and post-flood water logging lasts for a long time that causing blockage of railway lines-(most frequently used public transport in Mumbai), traffic snarl, inundated roads, and sub-merged bylanes. Over

21528-590: The textile industry was adversely affected. While the city was the capital of the Bombay Presidency , the Indian independence movement fostered the Quit India Movement in 1942 and the Royal Indian Navy mutiny in 1946. After India's independence in 1947, the territory of the Bombay Presidency retained by India was restructured into Bombay State . The area of Bombay State increased, after several erstwhile princely states that joined

21684-453: The textile industry was adversely affected. While the city was the capital of the Bombay Presidency , the Indian independence movement fostered the Quit India Movement in 1942 and the Royal Indian Navy mutiny in 1946. After India's independence in 1947, the territory of the Bombay Presidency retained by India was restructured into Bombay State . The area of Bombay State increased, after several erstwhile princely states that joined

21840-550: The treaty, the Seven Islands of Bombay, the nearby strategic town of Bassein and its dependencies were offered to the Portuguese. The territories were later surrendered on 25 October 1535. The Portuguese were actively involved in the foundation and growth of their Roman Catholic religious orders in Bombay. They called the islands by various names, which finally took the written form Bombaim . The islands were leased to several Portuguese officers during their regime. The Portuguese Franciscans and Jesuits built several churches in

21996-513: The vicinity. The area is classified as a Seismic Zone III region , which means an earthquake of up to magnitude 6.5 on the Richter magnitude scale may be expected. Mumbai has an extreme tropical wet and dry climate ( Aw ) under the Köppen climate classification , although the central and northern suburbs have a tropical monsoon climate ( Am ) with even heavier wet season rainfall. Mumbai has

22152-406: The vicinity. The area is classified as a Seismic Zone III region , which means an earthquake of up to magnitude 6.5 on the Richter magnitude scale may be expected. Mumbai has an extreme tropical wet and dry climate ( Aw ) under the Köppen climate classification , although the central and northern suburbs have a tropical monsoon climate ( Am ) with even heavier wet season rainfall. Mumbai has

22308-528: The widespread 1982 Great Bombay Textile Strike , in which nearly 250,000 workers in more than 50 textile mills went on strike. Mumbai's defunct cotton mills have since become the focus of intense redevelopment . Industrial development began in Mumbai when its economy started focusing on the petrochemical, electronic, and automotive sectors. In 1954 Hindustan Petroleum commissioned Mumbai Refinery at Trombay and BPCL Refinery . The Jawaharlal Nehru Port , which handles 55–60% of India's containerised cargo,

22464-528: The widespread 1982 Great Bombay Textile Strike , in which nearly 250,000 workers in more than 50 textile mills went on strike. Mumbai's defunct cotton mills have since become the focus of intense redevelopment . Industrial development began in Mumbai when its economy started focusing on the petrochemical, electronic, and automotive sectors. In 1954 Hindustan Petroleum commissioned Mumbai Refinery at Trombay and BPCL Refinery . The Jawaharlal Nehru Port , which handles 55–60% of India's containerised cargo,

22620-404: The world's chief cotton-trading market, resulting in a boom in the economy that subsequently enhanced the city's stature. The opening of the Suez Canal in 1869 transformed Mumbai into one of the largest seaports on the Arabian Sea . In September 1896, Mumbai was hit by a bubonic plague epidemic where the death toll was estimated at 1,900 people per week. About 850,000 people fled Mumbai and

22776-412: Was 3,452 mm (136 in) for 1954. The highest rainfall recorded in a single day was 944 mm (37 in) on 26 July 2005 . The average total annual rainfall is 2,213.4 mm (87 in) for the Island City, and 2,502.3 mm (99 in) for the suburbs. The average annual temperature is 27 °C (81 °F), and the average annual precipitation is 2,213 mm (87 in). In

22932-412: Was 3,452 mm (136 in) for 1954. The highest rainfall recorded in a single day was 944 mm (37 in) on 26 July 2005 . The average total annual rainfall is 2,213.4 mm (87 in) for the Island City, and 2,502.3 mm (99 in) for the suburbs. The average annual temperature is 27 °C (81 °F), and the average annual precipitation is 2,213 mm (87 in). In

23088-405: Was a director. After many investigations by the Securities and Exchange Board of India , Parekh and his front entities were found guilty of rigging share prices of ten companies called K-10 and SEBI had banned Parekh and associated firms from trading in the market for 14 years. He is known as notorious stock broker by CSE . Parekh, after becoming a Chartered Accountant , started his career in

23244-621: Was commissioned on 26 May 1989 across the creek at Nhava Sheva with a view to de-congest Mumbai Harbour and to serve as a hub port for the city. The geographical limits of Greater Mumbai were coextensive with municipal limits of Greater Mumbai. On 1 October 1990, the Greater Mumbai district was bifurcated to form two revenue districts namely, Mumbai City and Mumbai Suburban , though they continued to be administered by same Municipal Administration. The years from 1990 to 2010 saw an increase in violence and terrorism activities. Following

23400-557: Was commissioned on 26 May 1989 across the creek at Nhava Sheva with a view to de-congest Mumbai Harbour and to serve as a hub port for the city. The geographical limits of Greater Mumbai were coextensive with municipal limits of Greater Mumbai. On 1 October 1990, the Greater Mumbai district was bifurcated to form two revenue districts namely, Mumbai City and Mumbai Suburban , though they continued to be administered by same Municipal Administration. The years from 1990 to 2010 saw an increase in violence and terrorism activities. Following

23556-544: Was derived from the goddess Mumba. The oldest known names for the city are Kakamuchee and Galajunkja ; these are sometimes still used. Portuguese writer Gaspar Correia recorded the name "Bombaim" after 1512 in his Lendas da Índia ( Legends of India ). While some Anglophone authors have suggested this name possibly originated as an alleged Galician-Portuguese phrase bom baim , meaning "good little bay", such suggestions lack any scientific basis. Portuguese linguist José Pedro Machado attributes that interpretation to

23712-418: Was established in 1407. As a result of the Sultanate's support, numerous mosques were built, with one notable example being the Haji Ali Dargah in Worli . Erected in 1431, this magnificent structure pays homage to the revered Muslim saint, Haji Ali. From 1429 to 1431, the islands were a source of contention between the Gujarat Sultanate and the Bahmani Sultanate of Deccan. In 1493, Bahadur Khan Gilani of

23868-489: Was known as Heptanesia ( Ancient Greek : A Cluster of Seven Islands) to the Greek geographer Ptolemy in 150 CE. The Mahakali Caves in Andheri were cut out between the 1st century BCE and the 6th century CE. Between the 2nd century BCE and 9th century CE, the islands came under the control of successive indigenous dynasties : Satavahanas , Western Satraps , Abhira , Vakataka , Kalachuris , Konkan Mauryas , Chalukyas and Rashtrakutas , before being ruled by

24024-408: Was named an alpha world city . Mumbai has the highest number of billionaires out of any city in Asia . The seven islands that constitute Mumbai were earlier home to communities of Marathi language -speaking Koli people . For centuries, the seven islands of Bombay were under the control of successive indigenous rulers before being ceded to the Portuguese Empire , and subsequently to

24180-413: Was once an archipelago of seven islands : Isle of Bombay , Parel , Mazagaon , Mahim , Colaba , Worli , and Old Woman's Island (also known as Little Colaba ). It is not exactly known when these islands were first inhabited. Pleistocene sediments found along the coastal areas around Kandivali in northern Mumbai suggest that the islands were inhabited since the South Asian Stone Age . Perhaps at

24336-410: Was part of a larger movement to strengthen Marathi identity in the Maharashtra region." While Mumbai is still referred to as Bombay by some of its residents and by some Indians from other regions, mention of the city by a name other than Mumbai has been controversial. A resident of Mumbai is called Mumbaikar ( pronounced [ˈmumbəikəɾ] ) in Marathi , in which the suffix -kar means

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