City Pune Financial News
15.09 / 12:17
markets
Virus
outbreak
reports
testing
infection
Colleges
Man who died recently in Malappuram was infected with Nipah virus: Kerala Health Minister
«The available samples were immediately sent for testing and it turned out to be positive,» the minister said in a video message. The Malappuram native who reached the state from Bengaluru died on September 9, after which his available samples were sent for testing to Kozhikode Medical college hospital laboratory.
15.09 / 07:28
markets
UPS
BABA
Courts
Pharmaceuticals
Kalyani family feud could take a fresh turn as a crucial will surfaces
Subscribe to enjoy similar stories. The dispute between the families of Bharat Forge Ltd’s chief Baba Kalyani and his siblings over family assets estimated to be worth billions of dollars may take a fresh turn with the surfacing of a court affidavit filed two years ago.
12.09 / 10:50
markets
Digital
RAI
Justice
performer
Courts
Heart of Pune: SC stays NGT direction capping numbers in group performance during Ganesh festival
Supreme Court on Thursday stayed National Green Tribunal order restricting the number of persons to 30 who can be part of a 'dhol-tasha' group involved in an idol immersion of Lord Ganesh. Let them do 'dhol-tasha', it is heart of Pune, said SC on staying NGT direction capping numbers in group performance during Ganesh festival. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra heard the case.
12.09 / 04:04
COST
UPS
Provident
consequences
reports
Children abroad? Why parents need a power of attorney
Mint reader asked if he could pay municipal taxes for his son, who lives in the US and owns property in Pune. Bhuta responded: “Payments made by a resident on behalf of a non-resident are prohibited under FEMA unless specifically allowed. Therefore, such payment of taxes on behalf of your son would not be permitted under FEMA." The only legal option is to gift the funds to the son’s NRO account and use a PoA to make the payments.
10.09 / 13:19
markets
UPS
IPO
security
Trade
hospital
Ventive Hospitality files papers with Sebi to raise Rs 2,000-cr via IPO
capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering (IPO). The Pune-based company's IPO is completely a fresh issue of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP). Also, the company may consider a pre-IPO placement aggregating up to Rs 400 crore. If such placement is undertaken, the issue size will be reduced.
10.09 / 11:33
10.09 / 10:59
markets
UPS
Citi
Apple
concert
Updates
Diljit Dosanjh Concert Tickets: All Delhi Dil-Luminati Tour seats, including Rs 12,999 category, sold out in minutes
Dil-Luminati Tour (India) were sold out within minutes of release. The pre-sale opened at noon on September 10, offering early access to HDFC Pixel Credit Card holders, who enjoyed a 10 per cent discount on ticket prices. The 10-day tour is set to kick off on October 26 in Delhi and will visit 10 cities across India, including Hyderabad, Ahmedabad, and Bangalore.
07.09 / 05:45
UPS
Man
security
Dreams
athletics
Hakato Sema's incredible journey: From losing a leg in J-K landmine blast to becoming Paralympics medalist
landmine blast in an anti-terror operation in Jammu and Kashmir’s Chowkibal in 2002. He was encouraged to take up para shot put in 2016 at the age of 32 after being encouraged by a senior army official at the Pune-based Artificial Limb Centre upon seeing his fitness. He competed in the National Para Athletics Championships in Jaipur the same year. The army man had dreams of joining the special forces and achieved great fitness levels, but his aspirations were cut short by the blast.
06.09 / 21:44
markets
UPS
FIVE
BLOCK
Manufacturing
show
Peak XV Partners sells 22 pc stake in Indigo Paints for Rs 1,557 crore; Morgan Stanley, HDFC MF among buyers
Peak XV Partners, formerly Sequoia Capital India and SEA, on Friday, divested a little over 22 per cent stake in Indigo Paints to investors like Morgan Stanley, Mercer and HDFC MF for Rs 1,557 crore via open market transactions. Venture capital firm Peak XV Partners through its two affiliates, Peak XV Partners Investments IV and Peak XV Partners Investments V, offloaded a total of 1.05 crore shares, amounting to a 22.04 per cent stake in Pune-headquartered Indigo Paints, as per the bulk deal data on the NSE.
06.09 / 16:05
COST
UPS
Citi
Boxing
trends
Instagram
travelers
‘If e-commerce and Instagram had a baby, that would be LoveLocal’
local kirana stores to operate and sell online. The e-commerce platform specialises in the fresh produce category which includes fruits, vegetables, meats, and dairy. It has recently introduced video-based shopping on the lines of content-commerce trends in China.
06.09 / 13:17
UPS
Target
security
Strategy
reports
gatherings
Suzlon’s One Earth property sale may strengthen core, ICICI Securities increases target price to Rs 80
sale of its corporate office, One Earth Property, may strengthen Suzlon Energy's core, domestic brokerage firm ICICI Securities raised its target price to Rs 80 from the earlier Rs 70, while retaining its 'add' rating Suzlon Energy has entered into an agreement to sell and lease back its prime real estate in Pune over the next 5 years at Rs 440 crore.
06.09 / 02:11
UPS
BLOCK
Software
Enterprise
Instagram
reports
International
Stocks in news: Indigo Paints, Nucleus Software, Venus Pipes, Adani Enterprises, Godfrey Phillips
Indigo Paints, Nucleus Software, Venus Pipes, Adani Enterprises, Godfrey Phillips among others will be in focus due to various news developments. Indigo Paints
05.09 / 01:19
Blockchain
Digital
NIC
Platform
security
Mobile
track
Govt introduces Vishvasya-Blockchain Technology Stack. Know all about it
MeitY) on Wednesday launched a series of blockchain-based solutions, aimed at enhancing transparency, security, and efficiency in digital service delivery. The Vishvasya-Blockchain Technology Stack is designed to offer Blockchain-as-a-Service (BaaS) with a geographically distributed setup to support a range of permissioned blockchain applications. The stack is hosted across NIC Data Centers in Bhubaneswar, Pune, and Hyderabad, ensuring robust and scalable service delivery, the government said.
04.09 / 07:48
UPS
Waters
Platform
Celebrity
performer
cover
rights
Ganesh Chaturthi 2024 on September 6 or 7: Date, city-wise shubh muhurat, puja samagri, home preparation tips for Lord Bappa
Ganesh Chaturthi, one of the most significant Hindu festivals, will be observed on Saturday, September 7, 2024. The festival, celebrated with great fervor across India, marks the birthday of Lord Ganesha, the deity of wisdom and prosperity. Devotees engage in various rituals, including Puja and offering Bhog, to seek the blessings of Lord Ganesha for a prosperous and obstacle-free life.
04.09 / 04:55
UPS
IPO
FIVE
Parke
hospital
International
Ventive Hospitality, a Blackstone JV, lines up Rs 2,500-crore IPO
Ventive Hospitality, a joint venture between the world's largest private equity firm Blackstone Group and Pune-based Panchshil Realty, is looking at filing a draft prospectus for an initial public offering in the next couple of weeks, according to sources close to the development. The JV, which could be the largest international multi-brand hotel owner in India by Ebitda, plans to raise around ₹2,500 crore through a fresh issue of shares.
04.09 / 03:00
UPS
Food
wellness
stage
reports
Equality
Theobroma sale: Chrys Capital, Carlyle, Bain in final stage
Oberoi Hotels pastry chef Kainaz Messman, had launched the sale process in January, after its private equity backer ICICI Venture decided to exit its investment. The company appointed investment bank Arpwood Partners to line up buyers. “The real negotiations will begin now.
03.09 / 20:56
Manufacturing
CEO
security
Strategy
Experts
consequences
reports
Troubled Tork Motors looking at stake sale to revive operations
Tork Motors is looking to sell a stake to raise capital in a desperate bid to revive operations crippled by a sharp cut in government subsidies on electric vehicle sales and an overall funding squeeze. The Pune-based electric motorcycle startup--backed by Ratan Tata, Bharat Forge and Ola's Bhavish Aggarwal--has sent out buyout proposals to two-wheeler companies including Kinetic Green, Hero MotoCorp, and TVS Motor Company for the potential deal, said people familiar with the matter. These companies said they are studying the proposals and would decide shortly. The people cited above didn't disclose the amount of stake Tork Motors plans to sell. The company was last valued at $45 million, according to The Kredible and Entrackr.
03.09 / 15:29
markets
UPS
Parke
Matrix
show
rights
Prestige Estates subsidiary buys 4.5 acres in Pune from joint development partner
Prestige Estates Projects’ subsidiary Prestige Exora Business Parks has bought out its partner’s development rights, and land parcel spread over more than 4.5 acres in Pune’s Kharadi locality for over Rs 200 crores. The Prestige Group entity had entered into a joint development agreement with the landowner B U Bhandari M&M Realtors LLP through a pact inked in July 2017. Both had agreed to jointly develop the plot out of a larger land parcel. In March, both the entities amended certain terms and conditions of the joint development agreement. In furtherance to the joint development pact and supplementary agreement, the landowner has now sold and transferred the land along with entire development potential to the Prestige Group company.
02.09 / 04:10
COST
UPS
Citi
Department
Updates
VIP number '0001' now comes with a Rs 6 lakh price tag in Maharashtra
high-demand areas like Mumbai and Pune. Additionally, an out-of-series VIP number can now cost up to Rs 18 lakh in major cities, equivalent to the price of a mid-segment car. The fee revision will apply from August 30, following a draft notification issued on September 16, 2022, and is the first update since April 20, 2013. For four-wheelers, the fee for '0001' will rise from Rs 3 lakh to Rs 5 lakh. In high-demand areas such as Mumbai, Pune, Thane, and Nashik, the fee increases to Rs 6 lakh from Rs 4 lakh. For two and three-wheelers, the cost will double from Rs 50,000 to Rs 1 lakh. If the '0001' number is unavailable in the current series, an out-of-series number will cost Rs 15 lakh for four-wheelers and Rs 3 lakh for two- and three-wheelers. The notification states, «The revised 'three-time basic fees' will be Rs 15 lakh for four-wheelers and more-wheeled vehicles and Rs 3 lakh for two- and three-wheelers if the number '0001' is unavailable in the current series for that particular type of vehicle and if it needs to be given from another series as per the rules.»
31.08 / 15:29
Progressive
security
shooting
Olympics
stars
International
Sporting
Meet Rubina Francis, the star pistol shooter who won India's fifth medal at the Paris Paralympics
Rubina Francis, a para shooter from Jabalpur, Madhya Pradesh, secured India's fifth medal at the Paris Paralympics by winning a bronze in the P2 — 10m Air Pistol SH1 event. Francis scored 211.1 to finish third in the eight-woman final after qualifying in the seventh spot earlier in the day. She becomes India's fourth medallist in shooting at the Paris Paralympics, following Avani Lekhara, who won gold, Mona Agarwal, who took bronze, and Manish Narwal, who claimed silver. Born into a lower-middle-class family, Rubina Francis has a leg dysfunction. Her father, Simon Francis, a mechanic, faced financial difficulties while supporting her growing passion for shooting. Rubina’s journey in shooting began in 2015, inspired by her admiration for the Olympic achievements of Gagan Narang. Despite financial obstacles, her determination led her to Pune's Gun for Glory Academy in 2017, with her father’s tireless efforts aiding her progress. Under the mentorship of Jai Prakash Nautiyal, Rubina's talent quickly became evident. This led to her selection at the MP Shooting Academy, where her skills flourished under renowned coach Jaspal Rana, earning her first international medal. A significant turning point in her career came during the 2018 France World Cup, where she realized the importance of securing a Paralympic quota, prompting her to intensify her training efforts.
29.08 / 07:39
markets
Citi
Provident
CEO
security
Metro
trends
Urban Vault leases 1 lakh sq ft of prime office space in Brigade Summit, Whitefield, Bengaluru
Urban Vault, a managed co-working firm, has leased 100,000 sq ft of office space at Brigade Summit, a mixed-use project by Brigade Group in Whitefield, Bengaluru as the firm plans to expand the business to meet the increasing demand for managed workspaces. The new facility will include more than 2,000 desks and will see Urban Vault—a self-funded, bottom-line-driven company enter the Whitefield micro market that is witnessing many flexible operators expand operation. «The demand for prime office space has significantly revived. Large and medium-sized corporations are now preferring hassle-free managed office space from operators,» Urban Vault, Co-founder and CEO, Amal Mishra said.
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