City Pune Financial News
18.11 / 10:29
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BJP launches 'Say No to Congress' ad campaign ahead of Maharashtra assembly elections
Maharashtra Assembly elections, the BJP on Monday launched a new ad campaign attacking the opposition Maha Vikas Aghadi (MVA) and urging people to "Say No to Congress." The campaign highlighted various incidents from the past, including the 26/11 Mumbai terror attacks, with headlines such as «26/11 Mumbai Terror Attack», «2003 Mumbai serial blasts», «Chronology of the 7/11 train bombing case», and «Death toll in Pune blast rises to 17.» It also referred to tragedies like the Gowari massacre and the Palghar Sadhu lynching, questioning the government's response. The campaign also focused on issues such as corruption, with the BJP mentioning the alleged black-marketing of Remdesivir by a Congress official, and allegations of financial mismanagement in the BMC.
18.11 / 01:15
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track
This real estate stock gave 42.5% returns in the past year; know why analysts are bullish on this stock
The company is the largest residential real estate developer by booking value in 2023-24 and its portfolio includes residential development, plotted development, and mixed-use and township developments. The management is confident of high growth because of the strong brand, pan-India presence, demonstrated track record and robust marketing. It is seeing strong demand momentum across markets (NCR, Bengaluru and MMR) leading to a jump of 68% and 126% year-on-year in the collections and operating cash flows in the September quarter.
17.11 / 06:55
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Maharashtra polls: Sharad Pawar's bags checked in Baramati
Sharad Pawar's bags were checked by the poll personnel at Baramati helipad in Maharashtra's Pune district on Sunday morning, according to his associate. Pawar was on way to attend a poll rally in Solapur, the associate said. The model of code of conduct is enforced in the state for the assembly elections scheduled on November 20. «While Pawar saheb was on his way to Karmala poll rally in Solapur, his bags were checked at the Baramati helipad. After the due checking, he boarded the chopper and proceeded for the rally,» the associate said.
16.11 / 14:11
markets
Citi
Digital
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Election
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PAM
Maharashtra assembly election: Dry days in Mumbai, other cities on four days
Election Commission of India has prohibited the sale of alcohol across Mumbai and other Maharashtra cities for four days in the election season. The order is to conduct the polls smoothly. Earlier, Mumbai, along with other cities in Maharashtra like Thane and Pune, witnessed a dry day on November 12 due to the occasion of Kartik Ekadashi. Dry days refer to the specific days of the when the sale of alcohol remains completely prohibited in a region. Such decisions are usually taken during several important national, religious or cultural events.
14.11 / 17:23
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FirstCry arm GlobalBees logs 55% jump in FY24 revenue; adjusted Ebitda zooms 154%
GlobalBees, the house of brands subsidiary of baby and mother care products retailer FirstCry, has reported a 55% revenue growth of Rs 432.5 crore in the fiscal year ending March 2024, outperforming similar brands that have seen slower growth amid a consumption downturn. The adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for GlobalBees also surged by 154% year-on-year (YoY). While this growth aligns with the overall business expansion of the Pune-based company, which operates in India and Saudi Arabia, the management noted that increased seasonal sales significantly boosted this subsidiary's growth.
14.11 / 00:47
markets
Provident
Digital
Platform
Software
Experts
reports
IT engineering companies on acquisition spree to boost their BFSI business play
This week IT engineering services provider L&T Tech Services signed an agreement to acquire California-based Intelliswift for a total consideration of $110 million. Amit Chadha, the company’s chief executive and managing director, told ET that the firm plans to double the revenue of the acquired company (whose annual revenue is about $100 million) in the next three years. While half of Intelliswift’s revenue comes from high tech, the rest comes from fintech and retail, along with the private equity channel. Persistent Systems in September said it was acquiring select assets from SoHo Dragon for $4.7 million. SoHo Dragon is a Wall Street-based consulting and staffing firm primarily in the business of providing IT services to BFSI customers. The Pune based firm said at the time, “The acquisition of the select assets will help in consolidating the relationship with a strategic and large customer in the BFSI domain.”
12.11 / 10:05
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Progressive
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B L Kashyap & Sons Limited Q2 Results: Profit reported at Rs 10 crore, revenue Rs 275 crore
civil engineering and construction company, recorded revenue of Rs 275.67 crore and net profit of Rs. 10.87 crore for the second quarter of the fiscal year 2024 — 25. “We are pleased with the steady progress reflected in our Q2FY25 results, showcasing our commitment to delivering strong performance in a challenging market environment including shortage of skilled and unskilled labour. Our strategic focus on operational efficiency and quality execution has been instrumental in driving consistent growth and resilience. We continue to actively pursue high-margin projects with reputable clients who value quality and reliability, including a number of residential projects,” said Vineet Kashyap, Managing Director, B L Kashyap & Sons.
10.11 / 19:19
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PAM
Godrej Properties net debt rises to ₹7,572 crore in q2
Realty firm Godrej Properties' net debt rose 2% during the September quarter to ₹7,572 crore with the company focusing on land acquisition for future growth. Its net debt stood at ₹7,432 crore at the end of the June quarter, according to an investors' presentation. Godrej Properties is one of the leading developers in the country. It has a major presence in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. Godrej Properties plans to raise up to ₹6,000 crore through the issue of securities. The board had last month approved the proposal. The funds would be raised through the issuance of securities, including equity shares, debentures, preference shares, and/or any other eligible securities. The fundraising could be in one or more tranches through public and/or private offerings, including qualified institutions placement, rights issue, further public offer or any other mode as may be permitted under applicable laws.
09.11 / 08:33
Porsche
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NCP MLA Tingre denies sending legal notice to Sharad Pawar as claimed by Supriya Sule
NCP MLA Sunil Tingre on Saturday denied sending any legal notice to NCP (SP) chief Sharad Pawar as claimed by the latter's daughter and MP Supriya Sule. Sule, the working president of NCP (SP), on Friday claimed that Tingre, who represents the Vadgaon Sheri assembly constituency in Pune, has sent a legal notice to her father, stating that he would drag the former Union minister to court if he defames him in the Pune Porsche car crash case.
07.11 / 17:45
markets
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economy
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Manufacturing will play pivotal role in shaping Viksit Bharat: Mercedez Benz India CEO
automotive manufacturing ecosystem in specific is well-poised, presenting unlimited potential. This potential is underscored by strong domestic consumption and growing international demand for our products and services.
07.11 / 16:15
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Pharmaceuticals
Emcure Pharma Q2 Results: Net profit rises 38% to Rs 202 crore, revenue jumps 20%
Emcure Pharmaceuticals on Thursday reported a 38.2% year-on-year (YoY) increase in net profit to Rs.202 crore in Q2FY25 led by strong performance of domestic and international business The Pune-based drug maker posted Rs 145.8 crore in the same period last year.
07.11 / 11:45
Election
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Political equations may change in Maharashtra after elections: Dilip Walse Patil
NCP leader and Maharashtra minister Dilip Walse Patil said on Thursday that political equations may change in the state after the November 20 assembly elections. More than which alliance wins, what is important is the number of seats bagged by individual parties, he said.
07.11 / 07:53
06.11 / 17:39
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Relationships
Trump Org set to expand India luxury realty footprint with Rs 15,000 cr projects
Trump Towers, the Trump Organization's luxury real estate brand operating in India, is set to benefit further from Donald Trump’s sweeping win in the United States elections. Tribeca, Trump’s India partner, has indicated that it has already finalized six new projects across India, totalling 8 million sq ft with a revenue potential of over Rs 15,000 crore.
06.11 / 17:31
markets
Citi
Digital
Platform
Election
awards
Alta Capital buys IndoSpace’s 2.5 million sq ft warehousing assets for Rs 840 cr
Alta Capital has acquired over 2.5 million sq ft logistics built and fully-leased assets from IndoSpace in a deal valued at over $100 million or Rs 840 crore, said persons with direct knowledge of the development.
04.11 / 12:53
COST
Booking
Glacier
Adventure
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beautiful
travelers
How this Pune couple planned a budget trip to the second most expensive country
Subscribe to enjoy similar stories. When Priti Jain and Arihant Baid set their sights on Iceland—a land of dramatic landscapes, glacier lagoons, and the enchanting Aurora Borealis—they knew they’d face one of the world’s highest travel price tags. Ranked as the second most expensive country in the cost-of-living index, Iceland offers beauty at a premium.
02.11 / 19:19
markets
Digital
Google
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social
Maharashtra elections: PM Modi to boost BJP's campaign with several rallies from November 8 to 14
BJP leaders said that PM Modi is likely to address 11 rallies between November 8 and 14. Maharashtra BJP chief Chandrashekhar Bawankule told that PM Modi is expected to address election meetings in Dhule and Nashik on November 8, Akola and Nanded on November 9, Chandrapur, Chimur, Solapur and Pune on November 12 and Sambhajinagar, Navi Mumbai, and Mumbai on November 14.
01.11 / 17:23
markets
Fighting
RAI
Celebrity
information
gatherings
In a first, Sharad Pawar, Ajit Pawar to host separate Diwali events ahead of Maharashtra Assembly Polls
Nationalist Congress Party has cast its shadow on the famed Diwali celebrations of the Pawars, with different events being organised for the first time by Sharad Pawar and Maharashtra Deputy Chief Minister Ajit Pawar in Pune district. In a post on X, Ajit Pawar said he will be organising his Diwali Padva celebration at Katewadi, his native village in Baramati, at 6:30pm on Saturday, where he will be meeting residents and NCP functionaries. The celebrations of NCP (SP) supremo Sharad Pawar will continue to centre around his Govindbaug residence, where members of the household, party functionaries and friends of the opposition stalwart have been gathering for years during Diwali.
01.11 / 11:49
Citi
Provident
CEO
wellness
hospital
reports
patient
Indian ambulances getting an upgrade with more organized players
Subscribe to enjoy similar stories. Mumbai: India's ambulance sector is seeing an upgrade with several start-ups and the state government not just working to address the deficit but also upgrading it by launching advanced ambulances. For instance, Maharashtra’s hinterland is set to get a key medical upgrade with the state government partnering with Sumeet-SSG—a joint venture between Pune-based Sumeet Group Enterprises’s and Spanish emergency transport provider SSG Matrix—to deploy a fleet of 1,756 advanced ambulances.
01.11 / 02:37
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Ball
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testing
cricket
bowling
India vs. New Zealand: The decline of India's cricket stalwarts
Subscribe to enjoy similar stories. Muddled captaincy, wrong decisions, faulty selection, decline of stalwarts—it was a perfect storm that flattened India at home after a 12-year winning run. India’s Test series loss to New Zealand, going 2-0 down in Pune on 26 October, came after 18 consecutive home series wins.
01.11 / 02:19
Provident
Williams
security
performer
testing
shock
cricket
India vs New Zealand Live Score, 3rd Test Day 1: All eyes on Virat - Rohit as IND aim to avoid whitewash at Wankhede
India vs New Zealand Live Score, 3rd Test Day 1: Rohit Sharma-led Team India will aim to avoid a whitewash at the Wankhede Stadium in Mumbai as they take on New Zealand in the third and final match of the series. Notably, the Kiwis ended India's 4,331-day unbeaten home series run by securing victories in Pune and Bengaluru.After a string of changes to the playing XI following the defeat in Bengaluru, it will be interesting to see if Gautam Gambhir and Rohit Sharma make further adjustments for the final Test or stick with the same XI that played in Pune.
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