Mumbai: A cyber fraud case has come forward from Mumbai’s western region cyber police, revealing a sophisticated cyber fraud operation that involved impersonation on WhatsApp, leading a senior finance executive to transfer Rs 1.93 crore from a company bank account. The plan focused on the chief financial officer (CFO) of a private firm in Andheri.

From April 12 to April 15, the CFO obtained messages from a mobile number impersonating the company’s director, which created an impression of authenticity, and The impersonator, asserting pressing business matters tied to a collaboration involving government officials and a private company, demanded a large payment. Confident in the sender’s identity, the CFO completed the transfer of Rs 1,93,06,000.

The deception came to light on April 15, when the impersonator asked for an extra Rs 3 crore. The CFO, feeling uneasy, reached out to the real director, who verified he had not made any such request, resulting in a quick notification to the authorities. A FIR was lodged on April 28.

After thorough technical analysis, police apprehended six suspects linked to the fraud. Shubham Bajirao Kunjir, aged 28, residing in Pune, was recognized as the main suspect, possessing the beneficiary account. Additional apprehended persons comprised Akshay Gorakh Shelke and Ujjwal Raj Kumar Singh, with their involvement still under scrutiny.

Additionally, Shubhamkumar Jaipal Singh Pardeshi arranged provisions and collected banking resources, while Aditya Dilip Shinde communicated transaction information according to a report by Mid Day. Iran Shivpal Mishra was involved in providing banking details to Chinese agents and transforming money into cryptocurrency.

Officials confiscated several gadgets, such as cell phones, computers, and banking-related materials. Inquiries showed the bank account in use had participated in several earlier cyber fraud cases. Officials urged the public to verify financial requests obtained digitally on their own and promote prompt reporting of any suspicious activities to the relevant authorities.

Key Highlights:

– Sensex fell 232.93 points; Nifty dropped 71.4 points in early trade.

– IT majors like Infosys and Tech Mahindra among top losers.

– FIIs offloaded ₹5,104 crore worth of equities on Friday.

Mumbai: Benchmark indices Sensex and Nifty dropped in early trade on Monday amid selling pressure in IT stocks and foreign fund outflows.

The 30-share BSE Sensex declined 232.93 points to 82,267.54 in early trade. The 50-share NSE Nifty dipped 71.4 points to 25,078.45.

From the Sensex firms, Bajaj Finance, Infosys, Tech Mahindra, Bharti Airtel, HCL Tech and Asian Paints were among the biggest laggards.

However, Trent, Axis Bank, Mahindra & Mahindra and NTPC were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 5,104.22 crore on Friday, according to exchange data.

“Nifty has been exhibiting weak trend weighed mainly by the weakness in the IT stocks. This weakness may persist particularly since the FIIs were big sellers in the cash market last Friday. Market is expecting a US-India trade deal soon with a tariff rate of around 20 per cent for India. If this happens the market will get a sentimental boost. Any disappointment on this front can drag the market further down,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

In Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng were trading in the positive territory while Japan’s Nikkei 225 index quoted lower.

The US markets ended lower on Friday.

Global oil benchmark Brent crude climbed 0.17 per cent to USD 70.48 a barrel.

On Friday, the Sensex tanked 689.81 points or 0.83 per cent to settle at 82,500.47. Similarly, the Nifty dropped 205.40 points or 0.81 per cent to 25,149.85.

Mumbai: As the much-anticipated Mumbai Metro Aqua Line 3 nears full operation this August, the Mumbai Metro Rail Corporation Limited (MMRCL) has already begun laying the groundwork for the city’s next major underground metro line. The agency submitted a proposal for Metro Line 11, an extension of the Green Line, to the Maharashtra government for initial approval. The proposed line will start from Wadala and go up to CSMT.

Proposed Metro To Pass Through Nagpada & Bhendi Bazaar

detailed project report (DPR) submitted by MMRCL, the proposed Line 11 will span 17.5 km, running from Anik Depot in eastern Mumbai to the historic Gateway of India in the south. This route will pass through key, densely populated areas such as Nagpada and Bhendi Bazaar. Much like the Aqua Line, Line 11 will be predominantly underground, with Anik Depot being the only ground-level station. This corridor is expected to majorly boost connectivity across South Mumbai.

Stages Of Approval Before Work Kickstarts

A senior MMRCL official explained that the proposal is currently under review by the state’s Urban Development Department (UDD). Once cleared by the UDD, it will be forwarded to the Union Ministry of Urban Development for central approval. The project’s feasibility study and DPR are key components of this approval process. Once sanctioned, the next steps will include acquiring environmental and statutory clearances and seeking financial backing from domestic or international agencies.

The plan outlines the initial use of six-coach metro trains. A new depot has been proposed at the existing BEST Anik–Pratiksha Nagar bus depot, covering 16 hectares. This will allow seamless integration of the metro with the existing bus infrastructure.

Importantly, Line 11 is set to intersect with multiple major transport networks, including Metro Line 4 (Wadala–Thane–Kasarvadavli), the Aqua Line, the Monorail and key suburban railway stations like Byculla and Chhatrapati Shivaji Maharaj Terminus (CSMT).

Details On Metro Station Construction For Line 11

Of the 13 stations along Line 11, eight will be built using the cut-and-cover method, a process involving trench excavation followed by tunnel construction and surface restoration. The remaining five stations will be developed using the New Austrian Tunnelling Method (NATM), a technique that utilises the strength of surrounding rock to support tunnel formation, especially suitable for congested urban areas.

The MMRCL estimates the line will serve approximately 5,80,000 commuters daily by 2031, with ridership expected to grow to nearly 8,69,000 by 2041. Specific timelines regarding tendering, project execution and completion will be outlined once the project gains final approvals from both state and central authorities.