Latest news with #MangalPrabhatLodha
Business Upturn
6 days ago
- Business
- Business Upturn
TP-Link India Boosts Innovation with Bengaluru R&D Centre, Mumbai Incubation Launch
TP-Link India, the country's leading Wi-Fi and connectivity solutions provider, has announced major expansion plans to deepen its commitment to India's growing digital ecosystem. The company launched its first-ever incubation centre in India alongside a new Mumbai headquarters and revealed plans to establish a state-of-the-art Global Capability Centre (GCC) for R&D in Bengaluru. The newly opened Mumbai incubation centre, inaugurated by Maharashtra's Minister of Skill Development and Entrepreneurship, Shri Mangal Prabhat Lodha, will provide hands-on access to next-generation technologies and host training sessions for students, startups, and innovators. It also aims to foster entrepreneurship by offering access to tools, connectivity, and mentoring—helping young minds build future-ready tech solutions. TP-Link also plans to increase its India headcount by 30% over the next year, a move aimed at fuelling product innovation and customer service across the country. The upcoming Bengaluru R&D GCC will play a pivotal role in developing AI/ML-enabled networking solutions, firmware upgrades, and enterprise technology for both domestic and global markets, including through its business solutions brand, Omada. 'It is great to see TP-Link India encourage a culture of research, with the launch of their incubation centre for students in the new headquarters in Mumbai. We hope that students will benefit from this incubation centre and help build a truly digital India,' said Shri Mangal Prabhat Lodha, Minister for Skill Development and Entrepreneurship, Government of Maharashtra. 'We believe that empowering the next generation of change-makers is key to sustainable growth and societal progress. By investing in this centre, we are investing in the future — a future driven by creativity, collaboration, and bold thinking. We invite startups, academic institutions, industry partners, and the broader community to join us in this journey of innovation. Together, we can shape a more dynamic and inclusive entrepreneurial ecosystem,' said Sanjay Sehgal, CEO and Managing Director, TP-Link India. To complement its infrastructure and innovation push, the company has also committed to expanding its service centre network with 20 new centres focused on Tier 2 and Tier 3 cities, positioning TP-Link India as a leader in nationwide after-sales service coverage. The new Mumbai HQ spans over 20,000 square feet with a seating capacity for 150+ employees and will serve as the central hub for TP-Link's operations in India. Ahmedabad Plane Crash
India.com
06-07-2025
- Business
- India.com
43 floors, worth thousands of crores; meet man behind ultra-luxury tower that surpassed Mukesh Ambani, Nita Ambani's Rs 15000 crore Antilia in…; his name is…
5 luxurious things that Mukesh Ambani, Nita Ambani's Rs 15000 crore Antilia has that even Buckingham Palace doesn't, 3rd on the list is... Mukesh Ambani's Antilia, an extraordinary 27-story mansion valued at Rs 15,000 crore, is undoubtedly India's most expensive privately owned residence. Most people visiting Mumbai, certainly wish to view this structure while they are in Maharashtra, however, they forget to see the other notable buildings in the area. Next to ultra-luxurious Antilia stands another towering skyscraper called Lodha Altamount. Well, let's dive into what Lodha Altamount is and who owns it. It is located in Mumbai's affluent neighborhoods of Altamount Road, Tardeo, Gwalior Tank, and Forget Hill Road. This spectacular residential building has 43 stories and has 52 luxury apartments. Lodha Altamount is significantly taller than Mukesh Ambani's 27-storey Antilia. As you drive past Antilia, you cannot help but notice the striking height of Lodha Altamount. Lodha Altamount is an amalgam of contributions by the Lodha Group, one of India's largest real estate firms. The Lodha Group was founded by a billionaire businessman and politician, Mangal Prabhat Lodha, in 1980 in Mumbai, which is now known as Macrotech Developers. Lodha Altamount, a high-rise building by Lodha Group, is located near Gowalia Tank on Altamount Road in South Mumbai. Lodha Altamount stands about 195 meters (640 feet) tall; it has 43 floors and has around 52 luxurious residential apartments. The finished project was designed by a world-famous architect, Hadi Teherani. The entire project was completed in 2018. D. Mangal Prabhat Lodha is the property owner and the founder of Lodha Group in Mumbai in 1980. He is a billionaire businessman and politician. Hailing from Rajasthan, Mangal Prabhat Lodha, began building homes for the middle-class people of Mumbai. Eventually, he transitioned into luxury projects like Trump Tower in Mumbai. His net worth is estimated to be $12 billion according to Forbes. This tower ranks as the 68th-tallest building in India. This extraordinary building boasts an exceptional glass exterior and ultra-modern design. Offers access to a wealth of first-class amenities including a gym, spa, swimming pool, movie lounge, and a boardroom. In 2015, a 10,000 sq. ft. apartment in this building was sold for Rs 16 crore. Lodha Altamount is also truly luxurious with ultra-luxury amenities and elite and high-net-worth residents as well. On Altamount, one can find celebrity and famous names like Mukesh Ambani, Kumar Mangalam Birla, Radhakishan Damani, and N. Chandrasekaran, who own properties on this road and its surrounding areas. Approximately Rs 56,454 to Rs 1,95,503 per sq. ft. is the cost of a property on Altamount Road, some of the most expensive in the country.
Hindustan Times
20-06-2025
- General
- Hindustan Times
97 trees to go for alternative water tank behind Hanging Gardens
MUMBAI: In a major step towards repairing the 135-year-old Malabar Hill reservoir, the BMC has finalised the removal of 97 trees to make way for the construction of an alternative water tank on a plot behind the popular tourist spot of Hanging Gardens. The tank will ensure an uninterrupted water supply to parts of South Mumbai while the heritage reservoir undergoes crucial repairs. Of the 389 trees earlier earmarked on the plot, 189 were to be hacked, but after public resistance the number was brought down to 97. According to a civic official, 20 large trees, mostly mango, chikoo, jackfruit, Ashoka and palm, will be chopped. The rest of the trees are smaller ones. However, rare species like the Ram trees will be preserved. The plot has a huge variety of trees, among them jackfruit, junglee badam, mango, akash neem, kailashpati, jamoon, chafa, Ashoka, neem, coconut, kadipatta, amla, chikoo, reetha and many more. Botanists had surveyed the garden and estimated where a few Ashoka, jackfruit and shevga trees could be retained, depending on their size. 'We have bifurcated the tree-cutting into two segments,' said a civic official. 'Seventy-four trees will be removed where the new tank is being constructed, while 23 will be cut at the valve operations site.' In an effort to minimise the environmental impact, the BMC's waterworks department is exploring alternatives to further reduce the project's carbon footprint. 'We will try to save some more old trees,' the official said. Sticking to its earlier strategy, the BMC has conveyed to IIT Roorkee that it will opt for a 52-MLD (million litres per day) single-tank design, abandoning an earlier, more elaborate plan to explore a three-tier system with a capacity ranging between 35 and 44 MLD. The three-tier plan included an underground tank, a ground-level tank and an overhead tank. This vertical configuration aimed to reduce land use while maintaining supply during repair periods by pumping water to the upper level when necessary. However, the civic official said that the estimated cost of the project was ₹100–125 crore, which made it non-feasible. The decision to build an alternative tank was reinforced by a recommendation from IIT-Roorkee, whose experts inspected the aging Malabar Hill reservoir in June 2024. While the BMC had initially requested the team to consider options for repair without constructing an additional tank, the IIT team maintained that a 52-MLD alternative was essential. This marks a shift from the earlier ₹698-crore plan to completely reconstruct the reservoir, which was scrapped after public resistance and intervention from local representatives, which saved the iconic Hanging Gardens above it. Malabar Hill MLA Mangal Prabhat Lodha had announced in 2024 that the BMC would only carry out repairs on the reservoir, preserving the historic structure while addressing the city's water needs. Malabar Hill's requirement is 240 MLD, and the current reservoir has a capacity of only 147 MLD. At present it supplies water primarily to A and D wards comprising areas like Nariman Point, Cuffe Parade, Churchgate, Colaba, Girgaon, Nepeansea Road and the entire Malabar Hill area.
Time of India
12-06-2025
- General
- Time of India
Malabar Hill reservoir repair: BMC now mulls 3-tier tank
Mumbai: BMC is now considering constructing a three-tier alternative tank with a capacity of 35-44 million litres per day (MLD) as part of the long-delayed repairs of the 135-year-old Malabar Hill reservoir. As per the proposal, the structure would include an underground tank, a ground-level tank and a third tank on a floor above. Water would be brought in through the ground-level tank and pumped to the upper level to maintain supply when compartments of the main reservoir are shut for repairs. Civic officials estimate the project could cost Rs 100-125 crore. Officials said Hanging Gardens would pose the primary challenge to this plan —which were the bone of contention earlier too—as they sit directly above the reservoir. To isolate the reservoir for repairs, heavy weights would need to be placed on the gardens to counter hydrostatic pressure. This may impact public access to the gardens during the repairs, pointed out officials. "How accessible the gardens will remain is still being worked out," a civic official said. The repairs, initially planned years ago, were repeatedly stalled due to citizens' resistance. In its final report on Feb 2024, some experts of an eight-member panel had said a phase-wise reconstruction of the tanks would not be possible without affecting supply unless a new tank was built. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Ken Koh revived ailing family business in S'pore to produce the 'Rolls-Royce' of soya sauce CNA Read More Undo The need for an alternative tank was confirmed following a recommendation by a team from IIT-Roorkee, which inspected the reservoir in June 2024 and suggested constructing one of 52 MLD capacity. BMC asked the team to reassess the feasibility of fixing the reservoir without building another tank and how water could be supplied in such a case. The IIT team reiterated its recommendation, but BMC decided to scale down the capacity of such a tank and build it vertically to reduce its footprint as much as possible. It was after a 10-month battle with civic authorities that Malabar Hill MLA Mangal Prabhat Lodha had announced in 2024 that the original Rs 698-crore plan to reconstruct the reservoir had been scrapped and, instead, it would only be repaired. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
News18
11-06-2025
- Business
- News18
Maharashtra To Train 1 Lakh Youths Yearly Through Home-District Apprenticeship
Last Updated: Officials say the decision will not only reduce the burden of relocation but also strengthen the connection between local talent and industries In a major boost for skill development and employment, Maharashtra's Skill, Employment, Entrepreneurship, and Innovation Minister Mangal Prabhat Lodha has directed that students from Industrial Training Institutes (ITIs) be provided apprenticeship opportunities within their home districts. This move is expected to help thousands of students gain hands-on experience while staying close to their families. Officials say the decision will not only reduce the burden of relocation but also strengthen the connection between local talent and industries. Students will now be able to work and earn a stipend through apprenticeship programmes in industries operating in their own regions. Under the Maharashtra Apprenticeship Promotion Scheme, the state aims to train around one lakh candidates every year. Industries with 30 or more employees (including contractual staff) are now required to offer apprenticeship positions equal to 2.5% to 25% of their total workforce. Currently, the scheme covers 258 designated trades in 27 sectors and 414 optional trades in 35 sectors. In addition, 123 professions under the Maharashtra State Skill Development Examination Board and 20 others in six sectors have also been included. Depending on the trade, apprenticeship duration can range from 6 to 36 months. Both freshers and previously trained candidates will benefit from this initiative. To ensure quality training, government, semi-government, and private institutions are being encouraged to increase apprenticeship intakes. The curriculum of ITIs is also being reviewed regularly so more trades can be brought under this scheme. As per government norms, institutions offering basic training will receive the necessary reimbursements. Students have already welcomed the move. Many ITI students across the state have expressed satisfaction at getting a chance to learn and work without leaving their hometowns. Lodha is also actively working to restore apprentice recruitment in the Brihanmumbai Municipal Corporation (BMC). Earlier, about 200 ITI students were appointed annually in BMC departments, but this practice had stopped in recent years. The minister has written to the BMC Commissioner to restart this initiative, and similar efforts are underway in other municipal corporations across the state. First Published:
