Mumbai: The Enforcement Directorate (ED) on Thursday conducted searches at multiple premises linked to industrialist Anil Ambani in Mumbai. The raids, carried out by teams from Delhi and Mumbai, are reportedly part of a larger money laundering investigation. Sources suggest the action is connected to financial irregularities and offshore transactions flagged in earlier probes.

The ED has not issued an official statement yet, but officials confirmed the searches are ongoing. This development marks a significant escalation in the scrutiny of the businessman’s financial dealings and corporate entities under his control.

New Delhi: The Gujarat portion of the Mumbai-Ahmedabad High Speed Rail (MAHSR) Project between Vapi and Sabarmati is planned to be completed by December 2027, while the entire 508 km project is expected to be completed by December 2029, Railways Minister Ashwini Vaishnaw informed Parliament on Wednesday.

However, the bullet train project is a very complex and technology-intensive and the exact timelines for its completion can only be reasonably ascertained after the completion of all associated works of civil structures, track, electrical, signalling & telecommunication and supply of trainsets, the minister added.

MAHSR is under execution with technical and financial assistance from the Japanese government. The project is passing through Gujarat, Maharashtra, and the Union Territory of Dadra & Nagar Haveli with 12 stations planned at Mumbai, Thane, Virar, Boisar, Vapi, Billimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad, and Sabarmati, the minister said.

A cumulative financial expenditure of Rs 78,839 crore has been incurred on the project till June 30, 2025, he said.

The total estimated cost of the MAHSR project is approximately Rs 1,08,000 crore, out of which Japan International Cooperation Agency (JICA) is funding 81 per cent of the project cost which works out to Rs 88,000 crore while the balance 19 per cent cost amounting to Rs 20,000 crore will be funded through equity contribution from Ministry of Railways (50 per cent) and Maharashtra and Gujarat state governments (25 per cent each).

The delay in land acquisition in Maharashtra impacted the project till 2021. However, currently, the entire land (1389.5 hectares) for the MAHSR project has been acquired. The Final Location Survey and Geotechnical investigation has also been completed, and alignment finalised. All Statutory Clearances relating to wildlife, Coastal Regulation Zone (CRZ) and Forest clearance have been obtained, and all the civil contracts of the project have been awarded, Vaishnaw said.

Till now, 392 km of pier construction, 329 km of girder casting and 308 km of girder launching have been completed. The work on the undersea tunnel (21 km approx.) has also started. In order to expand the high-speed rail (HSR) network in India beyond the MAHSR corridor and to meet the growing passenger demand between major cities of commercial and tourist importance, Detailed Project Reports (DPRs) are being prepared by the National High Speed Rail Corporation Limited (NHSRCL), he added.

HSR projects are highly capital-intensive, and any decision to take up a new project is based on many factors such as technical feasibility, financial & economic viability, traffic demand and availability of funds & financing options. The commercial operation of the MAHSR project involves an affordable fare structure for the services, taking into account the socio-economic conditions of the clientele for optimum patronage of the HSR sectors, the minister added.

Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) has once again made India proud by securing a spot among the world’s top 10 international airports, as ranked by New York-based Travel + Leisure magazine in its World’s Best Awards 2025.

Recognised under the category of Readers’ 10 Favourite International Airports of 2025, CSMIA is the only Indian airport to feature on this prestigious list for the third consecutive year, earning an impressive reader score of 84.23.

The recognition highlights CSMIA’s dedication to creating a tech-enabled, future-ready and passenger-first airport ecosystem. Passengers lauded the airport for its world-class hospitality, efficient services, vibrant retail and F&B offerings, and overall seamless travel experience.

Spread across 1,900 acres, CSMIA is currently the world’s busiest single-runway airport and India’s second busiest by passenger traffic. The airport handles nearly 1,000 flights daily, offering connectivity to 54 international and 67 domestic destinations, operated by over 50 international and 7 domestic airlines. In FY 2024-25, the airport saw a footfall of over 55 million travellers.

Over the past year, CSMIA has introduced several passenger-focused innovations, such as:

DigiYatra and FTI-TTP integration for paperless, biometric-based boarding

A new Airport Operations Control Centre (AOCC) for real-time operational efficiency

68 e-gates, self-check-in kiosks, and a digital parking payment system

In line with its Digital First vision, these upgrades aim to reduce wait times, enhance security checks, and simplify overall passenger movement. Meanwhile, the airport has also expanded its culinary and shopping offerings, blending local and global flavours to cater to diverse traveller preferences.

Notably, CSMIA is the first airport in India and the third globally to receive Level 5 ACI Accreditation – the highest global standard for airport service quality and customer experience.

With a sharp focus on sustainability, digitisation, and customer satisfaction, CSMIA continues to set benchmarks for airport excellence, solidifying Mumbai’s place on the global aviation map.