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It is not exactly known when these islands were first inhabited.The city houses important financial institutions such as the Reserve Bank of India, the Bombay Stock Exchange, the National Stock Exchange of India, the SEBI and the corporate headquarters of numerous Indian companies and multinational corporations.It is also home to some of India's premier scientific and nuclear institutes like BARC, NPCL, IREL, TIFR, AERB, AECI, and the Department of Atomic Energy.Bombay in the 19th century was characterised by economic and educational development.During the early 20th century it became a strong base for the Indian independence movement.; also known as Bombay, the official name until 1995) is the capital city of the Indian state of Maharashtra.It is the most populous city in India and the ninth most populous agglomeration in the world, with an estimated city population of 18.4 million.
The city also houses India's Hindi (Bollywood) and Marathi film and television industry.
Mumbai's business opportunities, as well as its potential to offer a higher standard of living, Other variations recorded in the 16th and the 17th centuries include: Mombayn (1525), Bombay (1538), Bombain (1552), Bombaym (1552), Monbaym (1554), Mombaim (1563), Mombaym (1644), Bambaye (1666), Bombaiim (1666), Bombeye (1676), Boon Bay (1690), This came at the insistence of the Marathi nationalist Shiv Sena party, which had just won the Maharashtra state elections, and mirrored similar name changes across the country and particularly in Maharashtra.
A resident of Mumbai is called mumbaikar in the Marathi language, in which the suffix kar means resident of.
The term has been in use for quite some time but it gained popularity after the official name change to Mumbai.
Upon India's independence in 1947 the city was incorporated into Bombay State.In 1960, following the Samyukta Maharashtra movement, a new state of Maharashtra was created with Bombay as the capital.