In 2009, the city was honoured with the "Alpha World City" title.
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It is considered to be the lifeline of the second most populous city in the country.…Urban Floods: Why Are Indian Cities Not Prepared For Extreme Rainfall?
: Yesterday Mumbai, the financial capital of our country, experienced over 200 mm of rainfall.
According to the available figures, Mumbai contributes 10 percent of factory employment, 25 percent of industrial production, 30 percent of Income Tax collection, 60 percent of customs, 20 percent of central excise tax collection and 40 percent of Indian foreign trade.
Some of the prominent companies based in Mumbai include Larsen and Toubro, SBI, LIC, Tata Group, Godrej, Reliance and more than five Fortune Global 500 companies.
In 1543, the isles came under the control of the Portuguese and in 1661 ceded as dowry to Catherine de Braganza upon her marriage to Charles II of England.
Charles II in turn leased the Island to the British East India Company who named it Bombay.It extends from Mankhurd in the east and is administered by BMC.The Municipal Corporation is headed by the Municipal Commissioner who is also the chief executive officer. Previously known as Bombay, it one of the world's largest and most densely populated areas.Situated on the west coast of India, this city is known for its deep natural harbour.Presently, it is the global financial, information, entertainment and industrial hub and has become the largest city of South Asia.