City Pune Financial News

Kunbi sub-castes in OBC list and renaming of Pune airport. Maharashtra legislative assembly elections will be held in 288 constituencies. The Election Commission of India has yet to announce the dates for the election. The upcoming Maharashtra election will see a contest between the Maha Vikas Aghadi coalition, comprising the UBT Shiv Sena, NCP (Sharad Pawar faction), and Congress, and the Maha Yuti Alliance, which includes the BJP, Shiv Sena (Eknath Shinde faction), and NCP (Ajit Pawar faction).

Nirmala Sitharaman has called for stress management lessons to be imparted by colleges and universities that will help increase the students' inner strength, comments made in apparent reference to the death of a young CA professional employed with EY that came under sharp criticism from opposition Congress which described her remarks «outright cruel.» Anna Sebastian Perayil, who passed her Chartered Accountancy exams in 2023 and worked at EY Pune office for four months, died in July. According to a letter her mother wrote to the EY India Chairman Rjiv Memani, Perayil was overworked with a «backbreaking» load as a new employee that affected her «physically, emotionally, and mentally». The government too has stepped in to say that it will investigate the work environment at Big Four accounting firm EY.

quick commerce (Qcomm) ecosystem, sparked by rapid growth of hyperlocal startups, coupled with the entry of new startups, established e-commerce firms, and new-age brands racing to shorten delivery times. Several early-stage venture firms are actively evaluating investment opportunities in this burgeoning space, ET has learnt. «There are obviously some overlaps with e-commerce, and hence, some existing enabling technologies can assist quick commerce; however, quick commerce sometimes requires its own enablements,» said Kunal Bahl, cofounder of Titan Capital and AceVector Group, which runs Snapdeal and Unicommerce.

Sep 10: 'Maharashtra BJP chief Bawankule's son's Audi hits several vehicles in Nagpur, driver arrested' May 27: 'Pune Porsche crash: Grandfather of minor arrested; police say he told driver to take blame, promised him reward'

Pune Municipal Corporation vanished into a huge pit after a section of the road collapsed suddenly in the Budhwar Peth area of Pune. CCTV footage captured the moment when the road caved in from behind the tanker, showing its rear wheels sinking first as the ground gave way. The incident, which occurred at around 4 PM, startled residents in the densely populated area. Videos of the collapse quickly circulated on social media, showing the moment the interlocking cement block-paved ground gave way under the weight of the vehicle. Thankfully, there were no injuries in the incident. According to officials, the driver of the water tanker managed to escape as the truck did not fully submerge into the muddy water-filled pit. The footage showed the rear wheels sinking, but the front of the vehicle remained above ground. «The driver of the Pune Municipal Corporation truck was able to get out since the truck did not completely drown in the big pit filled with muddy water,» officials confirmed. The truck had been in the area for drainage cleaning work when the road collapsed.

Housing sales are estimated to decline 18% during July-September quarter across nine major cities to 1,04,393 units on high base, according to PropEquity data. Real estate data analytic firm PropEquity on Friday released the data for housing sales across nine major cities. Sales stood at 1,26,848 units in the same period last year. As per the data, the housing sales are estimated to rise only in Delhi NCR (22%) and Navi Mumbai (4%) during July-September period of this year.

Anna Sebastian Perayil, who worked at the tax consultancy's Pune office for just four months, tragically passed away in July, with allegations pointing to overwhelming work pressure as a contributing factor. In a letter to EY India chairman Rajiv Memani, Anna’s mother described her daughter’s workload as «backbreaking» and suggested it had taken a severe toll on her physical, emotional, and mental health. The incident has sparked widespread discussions on the excessive demands placed on young professionals across various industries.

Copeland, a global player in sustainable climate solutions, will invest Rs 500 crore (US$60 million) in India to expand its manufacturing facility in Atit, Maharashtra, and to construct a new global R&D center in Pune, the company said on Friday. The manufacturing, engineering, and R&D investments in India will expand existing engineering capabilities, increase the production capacity of Copeland's compression solutions, and advance the innovation of sustainable heating, cooling, refrigeration, and industrial solutions. «India is an important growth market for Copeland, and this expansion reaffirms our commitment to both the Indian market and innovation,» said Ross B. Shuster, chief executive officer, of Copeland. «These planned investments will enable us to increase production capacity and reduce lead times for our customers in the region while supporting India's energy and environmental goals.»

real estate data analytics firm PropEquity. The NSE-listed firm said that new launches in the quarter fell to 93,693 units from 1,05,655 units in the same period last year while sales fell to 1,04,393 units from 1,26,848 units in the same period last year. PropEquity tracks housing supply and absorption data in NCR, Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Chennai and Kolkata.

Anna Sebastian Perayil, a 26-year-old Chartered Accountant who passed her exams in 2023, tragically passed away after working at Ernst & Young (EY) Pune office for just four months. According to a letter her mother, Anita Augustine, wrote to Rajiv Memani, the Chairman and Managing Partner of EY India, Anna had been overworked to the point of breaking. In her letter, Anita Augustine expressed the deep anguish the family felt, not only from the loss of their daughter but also from the apparent lack of empathy shown by Anna's employers. “No one from EY attended Anna's funeral,” she wrote. The absence of her colleagues and managers during such a crucial time added to the family's sorrow. According to her mother, Anna had given her all to EY, yet in her final moments, no one from the organization was present to pay their respects. Anna's death and her mother's emotional letter have since gone viral on social media, sparking conversations about the toxic work culture in many multinational corporations.

quick-commerce platforms like Blinkit and BB Now it will be delivered to your doorstep within minutes. Albinder Dhindsa, the co-founder and CEO of Blinkit, informed in a social media post on Friday that the company will deliver the iPhone 16 in Delhi, NCR, Mumbai, Pune, and Bengaluru on the very launch day of the iPhone. «Get the all-new iPhone 16 delivered in 10 minutes! We've partnered with @UnicornAPR for the third year in a row, bringing the latest iPhone to Blinkit customers in Delhi NCR, Mumbai, Pune, Bengaluru (for now) — on launch day! P.S — Unicorn is also providing discounts with select credit cards and EMI options are available too,» said Dhindsa.

Subscribe to enjoy similar stories. Edtech company Physics Wallah’s offline ambitions and listing plan have fetched it $210 million in funding, effectively valuing it at $2.8 billion, 2.5 times what it was worth two years ago. Physics Wallah attracted new investors in this round, including India-focused hedge fund Hornbill Capital and venture capital firm Lightspeed Venture Partners, the company said on 20 September.

Known for his inspiring entrepreneurial journey and fitness achievements, Chouksey will engage in a Fireside chat titled ‘Survival of the Fittest: Secrets of Navigating Fitness-Tech and Building a Strong Business Core.’ The session will explore how startups in the fitness-tech space can thrive in India’s evolving digital economy. From Bhopal to Pune, from working out to running a startup Jitendra Chouksey’s story is nothing short of an exercise in strength, determination, and strategic thinking.

On 26-year-old Anna Sebastian's death, EY claimed that the company was ' deeply saddened', and extended its condolences to the family of the deceased. «We are deeply saddened by Anna Sebastian's tragic and untimely passing in July 2024, and our deepest condolences go to the bereaved family,» EY said in a statement on September 18.

Subscribe to enjoy similar stories. MUMBAI : The Big Four global consultancies—KPMG, EY, PwC, and Deloitte—rely heavily on one key asset: manpower. This workforce is also their most expensive, making the business model heavily dependent on utilising their employees to the maximum.

Pune has sparked a debate on social media about toxic work culture. Anna Sebastian Perayil passed away on July 20, four months after joining EY as a chartered accountant. The debate began after a letter from Perayil's mother, Anita Augustine, went viral in which she addressed EY India chairman Rajiv Memani and blamed «the workload, new environment, and long hours» for her daughter's tragic demise. In a heart-wrenching letter to the global accounting giant, Anita blamed “four months of EY’s callous attitude” for her daughter's death. Anna Sebastian Perayil had joined the company in March.

Maharashtra Deputy Chief Minister Ajit Pawar expressed disappointment on Tuesday over the lack of recognition for his development efforts in Baramati. Despite securing significant funds for the constituency, Pawar feels his contributions have not been fully appreciated by the people. He highlighted the importance of acknowledging achievements, noting that even completed work can be overlooked if not properly highlighted. Pawar reflected on his loss in the Lok Sabha elections, accepting responsibility but pointing to challenges such as the Covid pandemic and limited time out of power, which he said reduced his productive years to three. Despite the substantial funds Baramati received, Pawar believes his efforts have been taken for granted.

Subscribe to enjoy similar stories. Mumbai: Schools affiliated to international boards are gaining traction in India's tier-II and tier-III cities as aspirational second- and third-generation business owners and professionals with higher disposable incomes send their children to these schools. These schools, which have tuition fees upwards of ₹7-9 lakh per annum, are now offering specially trained teachers—some roped in from overseas—and infrastructure on a par with their counterparts in metros.

S N Kalyani in favour of her son Kalyani Group Chairman, Baba Kalyani, and he has nothing to do with any of the litigations that his mother had initiated during her lifetime, the group said on Monday. Refuting reports that alleged that Baba Kalyani coerced his mother and exercised undue influence, a group spokesperson said the claims made in an affidavit of late S N Kalyani as produced by Gaurishankar Kalyani, Baba Kalyani's brother «are fabricated, incorrect and denied». «Baba Kalyani will appropriately represent his case before the Pune District Court,» the spokesperson said in a statement. Late S N Kalyani and Gaurishankar Kalyani (and his family) have been staying at their residence Parvti Nivas, when she made her will in 2012. Hence, all allegations insinuating that Baba Kalyani coerced her and exercised undue influence are incorrect and denied, it added.

Gaurishankar Kalyani, brother of Baba Kalyani, has filed an affidavit in the Pune Civil Court challenging the execution of his late mother Sulochana Kalyani's 2012 will. Gaurishankar produced a new will dated December 9, 2022, containing several serious accusations against Baba Kalyani. In the affidavit, the late Sulochana reportedly wrote Baba had taken control of most of the family's wealth, leaving her and her husband, Neelkanth Kalyani, with a small portion. «Between 1992 and 1994, Baba seized control of several companies, including Bharat Forge and Kalyani Steels, from my husband. After 1994, we were left with only a small share of the wealth my husband had built,» affidavit states. Gaurishankar's affidavit responds to affidavits filed by Madan Takale and Shrikrishna Adivarekar seeking probate of Sulochana's 2012 will. The case is set to be heard in Pune on October 9, 2024.

14-lane road near the Atal Setu sea bridge that will connect to Pune via a ring road will bring down traffic on Mumbai-Pune Expressway by 50 per cent, Union Minister Nitin Gadkari said on Sunday. The Union Minister for Road Transport and Highways was talking about road plans for Mumbai-Bengaluru at an alumni event organised by COEP Technological University on the occasion of Engineer's Day. «There is huge traffic on Mumbai-Pune Expressway. A 14-lane road will be built near Atal Setu, which will further connect to Pune via a ring road and then onwards to Bengaluru. This road will bring down traffic on Mumbai-Pune Expressway by 50 per cent,» he said.