City Pune Financial News

In Pimpri near Pune, when Tata Motors set the ball rolling to set up a pioneering all-woman line at its Harrier and Safari SUV plant, prospective employees —and their parents —had concerns about how they would travel and where they would stay. The management realised that for their mission to succeed, an important piece that had to fall in place was an assurance that the female workers would have a safe commute and accommodation. Says Sitaram Kandi, chief human resources officer, Tata Motors: “Where they would stay became our biggest concern since we didn’t have hostels. We shortlisted hostels near the plant and each one was visited by three different teams at different times of the day so that we could give the girls and their parents confidence.” After a tough initial phase, Tata Motors was able to increase the share of women on the shopfloor from 4% to 12%. “When you think of women’s employment, three big infrastructural barriers end up being the lack of safety, mobility and childcare,” says Pooja Goyal, founding CEO of Udaiti Foundation, which focuses on women’s economic empowerment. “For women to go out of the house to work, the benefit needs to be significantly more than what it is for a man since they are the ones doing the caregiving.”

arrested seven staff members of a school, including the Principal, PT teacher, a trustee, and four others, in connection with the alleged sexual harassment of a minor student. The accused were arrested on Friday evening, police said. According to officials, the PT teacher, who is the main accused, allegedly sexually harassed the girl student repeatedly over the past two years.

Also read: Perfect outdoor escapes: In search of wild greens Trail running has shown gradual growth over the last few years in pockets of the country with plenty of races in the Himalaya and the Western Ghats, while a few runners like Kieren D’Souza and Sannat Sachdev have shifted base to the mountains to train and race internationally— Kieren moved from Bengaluru to Manali; Sannat from Jaipur to Bir. “The standards are very high globally and we are just about catching up. In other countries, there are loads of local races and trail running clubs.

The East Indian Cookery Book, an anthology of recipes from one of the city’s most prominent communities, the East Indians. The rare, out-of-print book is special to Gresham Fernandes, chef partner at Bandra Born, who belongs to this community, because it holds recipes for fugyas, a wedding pickle made with toddy vinegar and vindaloo, which have influenced his repertoire. Fernandes is an avid reader with an impressive collection of 800 books, ranging from food writing to culinary culture.

Mint. Here is SP (name withheld on request), who narrates his story offering valuable lessons for anyone considering entering the high-risk world of options trading: Over the past eight to nine years, I lost approximately ₹60 lakh in options trading, a loss so severe that I am now deeply in debt, which is almost that amount. I owe money to 11 different lenders.

Mushrooms Of Uru to act as a field guide to the mushrooms commonly found in the city—some of these include Fairy Ink Caps (Coprinellus disseminatus), Pencil Shaving Mushrooms (Podoscypha petalodes) and Artist’s Conk (Ganoderma applanatum). Information about upcoming walks are available on their Instagram page.

electric vehicle manufacturing. The remaining 24 applications are in process. The approvals on Wednesday are likely to help the companies partially offset losses they are incurring in manufacturing EVs due to low volumes currently. Among the companies, Bajaj Auto is the sole automaker to get approvals for all the 13 applications filed for its electric scooter Chetak and three-wheelers. Mahindra & Mahindra got approvals for 16 out of 23 applications, Tata Motors 15 out of 27, Ola Electric four out of five, TVS Motor two out of five, and Eicher which applied for one didn't get an approval, according to an internal document showing the DVA (domestic value addition) application status.

Diana Pundole, a devoted mother of two and a dedicated teacher from Pune, has shattered the glass ceiling by claiming the national championship title in the saloon category at the MRF Indian National Car Racing Championship 2024, held in Chennai. Diana's journey to the top is nothing short of extraordinary. Her passion for racing ignited eight years ago when she received an unexpected call from Coimbatore inviting her to participate in a car racing championship. At that time, she was one of 200 women selected from across India to undergo rigorous trials as part of a national talent hunt. Despite facing skepticism and numerous challenges, Diana's determination propelled her forward, eventually earning her a spot among the top six contenders.

chartered accountant from Vikhroli, Mumbai, after his car inadvertently splashed water on them from a deep pothole near Jan Seva Bank in Keshavnagar, Mundhwa, in Pune around 5.45 PM on Monday. The victim, Yash Manwani, sustained injuries and later lodged a complaint with the Mundhwa police. The incident took place when Yash Manwani, 29, was driving to Keshavnagar to pick up his siblings for Rakshabandhan. Manwani, who hails from Bhopal and lives in Vikhroli, works with a private firm. «I was going to Keshavnagar to pick up my brother and sister on the occasion of Rakshabandhan,» he told TOI. Near Janaseva Bank, his car drove through a deep pothole filled with water, splashing the duo on the bike and two passing pedestrians. The biker chased Manwani's car and kicked its driver's side, prompting him to stop and roll down his window to explain the situation. However, the biker and his pillion rider forced Manwani out of the car and started a quarrel. «I advised them to visit the nearby Keshavnagar police chowkey, but they refused,» said Manwani. The two pedestrians reached the scene, and the four men started to abuse and physically attack him.

Tata Motors on Wednesday said it has tied up with Delta Electronics India and Thunderplus Solutions to set up charging infrastructure for its range of electric commercial vehicles (CVs). As part of the MoU inked between the parties, 250 new fast-charging stations for electric commercial vehicles would be set up across the country. Strategically located in and around over 50 cities, including Delhi, Mumbai, Chennai, Bengaluru, Pune, and Kochi, among others, these new charging stations will significantly increase the existing network of 540 commercial vehicle charging points, Tata Motors said in a statement. Basis its understanding of the commercial EV movement, the commercial vehicle major will recommend optimal locations and nearest dealerships for setting up the fast-charging stations, the company said.

Avalara, a cloud-based tax compliance solutions provider, plans to onboard about 1,000 new employees in the next nine months across engineering, tax, content, sales support and professional services functions. The move is part of its efforts to establish India as a centre of technical excellence and its planned expansion in the Asia-Pacific region, according to a company statement. “Despite India’s competitive employment market, the US-based solutions provider remains committed to enhancing capabilities in tax technology, legislation, e-invoicing, and global tax compliance by investing significantly in the country's technological talent,” the company said.

Accel has invested $9 million in Uppercase, nearly doubling the new-age luggage maker’s valuation after the investment to $60 million. The investment is earmarked for fuelling the brand’s expansion through new retail stores domestically as well as in Europe and the Middle East by next year, cofounder and managing director Sudip Ghose told ET. ET had reported on May 31 about Accel, an early investor in Flipkart, having discussions to invest in Uppercase, underscoring investor interest in new-age consumer retail brands.

steel products is set to grow by 8-10% each year on an average driven by demand from the construction segment and manufacturers of appliances and white goods, Ranjan Dhar, the director for sales and marketing at AM/NS India said. India currently consumes around 3.2 million tonne of coated steel each year, he told ET, adding that the demand for this product from the value-added segment is growing at a faster pace than that of steel. AM/NS India, which is the fourth largest producer of steel in India, a joint venture between ArcelorMittal and Nippon Steel, has recently launched a color-coated steel brand, a patented product from ArcelorMittal.

Maha Yuti' after a local BJP leader and some workers protested on Sunday and waved black flags during deputy chief minister Ajit Pawar's campaign yatra in Pune. The incident led to top NCP leaders asking the BJP leadership to intervene and ensure that such incidents do not happen in the future in the interest of the "unity" of the alliance. Pawar was shown black flags by former BJP district council president Asha Buchke, who claimed that the NCP leader has been holding government meetings by sidelining BJP leaders, including chief minister Eknath Shinde. Buchke and her supporters raised black flags and shouted slogans against Pawar when he was in Narayangaon in Pune holding a Jansanman Yatra, an initiative to reach out to people before the assembly elections.

minor accused of killing two persons after ramming his Porsche car in an inebriated state into a motorcycle in Pune on May 19 has undergone a 15-day safe driving programme as mandated by a court, a Regional Transport Office (RTO) official said on Sunday. Two IT professionals from Madhya Pradesh were killed in the incident, which took place in Pune's Kalyani Nagar and triggered massive outrage nationwide, partly because of the accused getting bail from the Juvenile Justice Board on lenient terms and due to a police probe finding attempts by his kin and some doctors to cover up the crime. While being released on bail by the JJB, among the conditions placed on him were writing a 300-word essay on road accidents as well as taking help of the RTO to study traffic rules and regulations. «The juvenile accused completed the safe driving programme with the RTO. With respect to the guidelines of the court, the operation was kept discreet as it could have led to issue of privacy of the juvenile,» a top RTO official said.

Confederation of All India Traders (CAIT) on Sunday anticipated a festive trade of over Rs 12,000 crore across the country during the Rakhi festival. The trade body said that the markets are witnessing a massive rush for Rakhi shopping, and people are very enthusiastic about the festival. It urged customers to celebrate the festival with Indian goods. Observing the demands for indigenous Rakhis, the trade body stated that customers prefer indigenous Rakhis over Chinese Rakhis during this year's festive season.

district court in Pune has dismissed an application filed by the US fast-food major Burger King Corporation (BKC) to restrain its local namesake from using the trademark ‘Burger King’ In an over 13-year-old case, district Judge Sunil G. Vedpathak, while dismissing the US fast-food major’s petition also dismissed the counterclaim filed by the Pune-based firm. “Admittedly plaintiff (BKC) has registered its trade mark Burger King under class 42 pertaining to restaurant services as of October 6, 2006. So, considering the fact that defendants are prior users of the trademark in question, I am of the opinion that the plaintiff has no cause of action to seek relief of perpetual injunction,” said the court in his 57-page order. “Thus, in the absence of cogent evidence, I find that the plaintiff is not entitled to damages, rendition of accounts and the relief of perpetual injunction,” it further added.

Burger King Corporation has lost a 13-year-old legal battle against its namesake eatery in Maharashtra's Pune after a district court dismissed a suit filed by the company alleging trademark infringement. Pune district judge Sunil Vedpathak, in the order on August 16, said the city-based eatery 'Burger King' was operating even before the US burger joint opened shop in India and that the latter failed to prove the local food outlet had infringed its trademark. The court dismissed the 2011 suit filed by the Burger King Corporation, seeking a permanent injunction restraining infringement of trademark, passing off (the trademark as theirs), as well as monetary damages. The suit, filed against Anahita Irani and Shapoor Irani, owners of the Pune-based Burger King food joint, also sought Rs 20 lakh as damages.

Majhi Ladki Bahin" scheme for eligible women, with Chief Minister Eknath Shinde hinting at doubling the monthly stipend from Rs 1,500 to Rs 3,000 if the alliance is voted to power in elections. More than 1 crore women are expected to benefit from this scheme whose launch coincided with Rakshabandhan festivities beginning Monday. The Shiv Sena-BJP-NCP government, facing a tough assembly polls battle against the opposition Maha Vikas Aghadi in coming months, came up with the «Mukhyamantri Majhi Ladki Bahin» scheme, months after a debacle in Lok Sabha elections in Maharashtra. The scheme, modelled on the MP government's «Ladli Behna Yojana», provides monthly Rs 1,500 assistance to the married, divorced, and destitute women in the 21-60 age group with Rs 2.5 lakh annual family income ceiling.

metro projects in Bengaluru, Pune, and Thane, aiming to alleviate traffic congestion and enhance transportation efficiency.

Mint. “We see potential for at least 20-25 airports, including those in metros, to become hub airports," one of them said.