BMC earns from a combination of property taxes, fees, development charges, state transfers, investment income and other levies that collectively boost its revenue far beyond what most other municipal bodies collect.
The industry body has also sought targeted financial support for advanced biofuels such as sustainable aviation fuel (SAF), green bio-hydrogen, compressed biogas (CBG) and isobutanol blending with diesel, while proposing the transformation of sugar mills into integrated bio-energy hubs producing ethanol, gas, hydrogen and green power.
Mumbai’s first civic election in eight years has sparked controversy, with opposition leaders alleging that marker pens were used instead of indelible ink to favour the ruling Mahayuti alliance. Videos circulated by the Congress claim ink can be wiped off, while Chief Minister Devendra Fadnavis demonstrated its indelibility. Deputy CM Eknath Shinde and the BMC rejected the allegations, and the State Election Commission clarified that voters cannot vote twice, even if ink is erased. Tensions remain high as debates over election integrity continue.
Despite the repeated hurdles, the actor said she was determined to exercise her right to vote.
According to the Axis My India exit poll, the BJP–Shiv Sena alliance is projected to win between 131 and 151 wards
Stock market holiday: Indian stock markets will remain closed on Thursday, January 15 following municipal corporation elections in Maharashtra.
The political slugfest ahead of the Brihanmumbai Municipal Corporation elections has hit a fresh low. Maharashtra Navnirman Sena chief Raj Thackeray has triggered a major controversy by targeting BJP leader K Annamalai with racist remarks during a joint rally at Shivaji Park. The comments, sparked by Annamalai’s assertion that Mumbai is a global city, have escalated tensions into a Tamil-Maratha flashpoint. Annamalai has hit back, saying he will not be intimidated and will continue to visit Mumbai. With parties trading sharp barbs, the controversy has become a key talking point ahead of the high-stakes civic polls.
Shares of Bank of Maharashtra jumped more than 2 per cent to Rs 65.14 on Tuesday, with a total market capitalization close to Rs 50,000 crore.
An analyst from Anand Rathi said that Bank of Maharashtra continues to exhibit a positive technical structure and the stock is reflecting sustained buying interest and a healthy short-term trend.
Stocks including TCS, Adani Energy Solutions, Anand Rathi Wealth, HCL Technologies, Biocon, NBCC, NLC India, KRBL and more will be in the spotlight on Tuesday, January 13.
Q3 results today: Select companies including TCS, HCL Tech, AR Wealth, Infibeam Avenues, Maharashtra Scooters, GTPL Hathway, Gujarat Hotels, and others will release their results for Q3FY26 today.





