City Pune Financial News

Manorama Khedkar, mother of former probationary IAS officer Puja Khedkar, was granted bail by a Pune court in criminal intimidation case on Friday. The bail comes after Manorama completed 14 days in judicial custody after having served a four-day police custody. She was arrested from a lodge at Hirkaniwadi village near Mahad in Raigad district on July 18. Police had launched a search for Manorama and her husband, Dilip Khedkar, after a video surfaced showing her allegedly threatening some persons with a gun over a land dispute at Dhadwali village in Pune's Mulshi tehsil in 2023.

White-collar hiring activity grew to 2877 points in July 2024, registering a 12% YoYincrease vs July 2023 and an 11% MoM sequential increase compared to June 2024, the latest edition the Naukri JobSpeak Index has revealed. Most sectors reported healthy double-digit growths, with Pharma/Biotech (26%), FMCG (26%), Real Estate (23%), and AI/ML (47%) leading the pack. However, some of the uptick could be attributed to an impacted base of July’23, which saw an atypical dip in Index value on account of the IT sector’s woes, a statement from the company said. The Pharma/Biotech sector recorded a substantial 26% YoY increase, with Baroda (61%) and Hyderabad (39%) driving the surge. Key roles within Pharma like Sales & Business Development and Procurement & Supply Chain saw a 42% rise in hiring. Similarly, hiring in FMCG sector grew by 26%, led by Bangalore (52%) and Kolkata (43%), with Marketing and Communication roles in FMCG experiencing a 57% increase. The Real Estate sector also demonstrated a strong 23% growth in hiring, largely influenced by Delhi-NCR (+51%) and Hyderabad (+28%).

SA Tech Software listed on the NSE SME platform with a premium of 90% on Friday. The stock debuted at Rs 112.1 as against an issue price of Rs 59. Ahead of the listing, the company's shares were trading with a GMP of Rs 53 in the unlisted market.

land parcel in Akurli area of Mumbai’s western suburb Kandivali for Rs 210 crore to a Pune-based company Rucha Group’s real estate development entity Blueprintify Properties. Interestingly, the company has sold the property for less than its ready reckoner value or over Rs 223.58 crore. The said land parcel falls under No Development Zone and is bounded by the Sanjay Gandhi National Park on the east and south side. The Mahindra Group itself also has a real estate development company Mahindra Lifespace Developers.

Warehouse space take up during H1 2024 witnessed an absorption of 16.6 Mn sq ft, an increase of 8% over the same period a year ago.

FirstCry, is floating its initial public offering (IPO) at a valuation of $2.9 billion. It has set a price band of Rs 440-460 apiece for issuing shares to investors which will open on August 6 and close on August 8.

Unaprime has bought out Tata Healthcare Fund's 43.5% stake in Maharashtra-based Lokmanya Hospitals, said the financial investment advisory company's co-founder Deep Mishra. It also purchased shares from other existing investors, taking its total shareholding in the hospital company to 70%, he told ET.

IPO-bound baby and mother care products retailer FirstCry reported a 15% growth in operating revenue at Rs 6,481 crore in FY24, while it reduced losses by 34% to Rs 321 crore during the same period, per regulatory filings sourced through business intelligence platform Tofler.

ecommerce enablement platform Shiprocket has set its sights on facilitating ecommerce transactions for the offline general trade segment, cofounder and chief executive Saahil Goel told ET.

DMRC's collaboration with Airtel Payments Bank to provide digital payment solutions for commuters.WhatsApp stated that this new smart card recharge facility is available for all routes in the Delhi and NCR region, including the Rapid Metro in Gurugram. This feature extends the QR-based Delhi Metro ticketing system that Meta launched in 2024.

2024 witnessed absorption of over 30 million sq ft of office space, registering an uptick of 18% compared to H1 2023, according to property consultant Vestian. As the demand for grade-A office spaces is robust across the top seven cities of India, the entire year (2024) is expected to cross the 60 million sq ft mark again after peaking in 2023.

Bank of India (BoI) have received Rs 334 crore from accumulated toll collections of the previously IL&FS-owned Pune Sholapur Road Development Co Ltd (PSRDCL). They are also set to get another Rs 87 crore as part of a restructuring deal with its new owners, Roadstar Infra Investment Trust (Invit), a person aware of the deal said.

Anamudi Real Estates, a part of the Godrej family office, is likely to partially exit its share in Bengaluru-based real estate developer Sobha Ltd in a deal valued around Rs. 1,000 crore.

leasing activity in H1 2024 and 17% y-o-y growth, as mentioned by Colliers in its latest report.

₹1,400 crore, and infused more funds to acquire assets. The private equity firm has hired JP Morgan and Avendus to find buyers for Lighthouse. The 100% stake sale in Lighthouse, that was formerly called EuroKids International Group, assumes significance given that schooling and pre-schooling are perceived as regulated sectors, and any foreign investor will have to get comfort before going ahead with the investment, the three people said.

Catch all LIVE Updates on Mumbai rains hereMumbai rains LIVE: Mumbai witnessed heavy showers today amid IMD's yellow alert.Mumbai rains LIVE: Central Railway rescheduled “CSMT-MADGAON TEJAS EXPRESS" with Train Number 22119 following heavy showers. It was earlier scheduled to depart at 5:50 pm today but will now leave for its journey at 7:30 pm.Mumbai rains LIVE: Andheri Subway has been closed for vehicular movement amid waterlogging following heavy rainfall.Mumbai rains LIVE: The India Meteorological Department (IMD) issued a yellow warning for heavy showers on Thursday, July 25, in Mumbai and Sindhudug districts of Maharashtra's Konkan region.

net profit at Rs 204.2 crore for the first quarter ending June of the ongoing fiscal year 2025. The profit was due to a one-time income gain of Rs 39.6 crore as compared with Rs 13.4 crore a year ago.

Pune, which had issued a seven per cent locomotor disability certificate to IAS probationer Puja Khedkar, has found in its internal probe that the document was as per the rules and there was no wrongdoing in its issuance, a senior official said on Wednesday.

SME IPOs are commanding a premium of over 100% above the issue price, according to the latest grey market trends. The shares of VL Infraprojects, whose IPO opened for subscription on Wednesday, are trading with a GMP of Rs 55 in the unlisted market. This translates to a premium of over 130% to the offer price.

Air India Express continued its network expansion, connecting Bengaluru to Abu Dhabi with its first direct international service from India's IT capital on Tuesday, officials said. With over 200 weekly flights, Bengaluru is the largest station for Air India Express, they said. In a statement, the airline said, «With the launch of the Bengaluru-Abu Dhabi flight, guests from cities such as Ayodhya, Bagdogra, Bhubaneswar, Chennai, Goa, Guwahati, Gwalior, Hyderabad, Indore, Jaipur, Kolkata, Lucknow, Pune, Ranchi, Varanasi, and Visakhapatnam now have the option to connect conveniently to Abu Dhabi through one-stop itineraries via Bengaluru.» Air India Express operates direct flights connecting Abu Dhabi to Bengaluru, Kannur, Kochi, Kozhikode, Mangaluru, Mumbai, Thiruvananthapuram, and Tiruchirappalli and connects 17 Indian cities to Abu Dhabi via convenient one-stop itineraries, it added.

Ajit Pawar on Sunday said the Mahayuti constituents, including the NCP led by him, are free to contest local bodies elections independently. Addressing Nationalist Congress Party workers in Pimpri Chinchwad city, he argued that independent contests would help strengthen the cadres. «Even though we are allies in Lok Sabha and state assembly, Mahayuti members are free to contest local bodies polls independently,» he said. The schedule for elections to local bodies, which include municipal councils, nagar panchayats and zilla parishads, is not yet finalised.