City Pune Financial News

Chandrashekhar Bawankule on Sunday said his party maintained its support among people despite losing seats in the recent Lok Sabha polls. He was addressing the party's state convention in Pune, which is being attended by Union Home Minister Amit Shah, the party's state in charge and Union minister Bhupender Yadav, co-incharge Ashwini Vaishnaw, among others. «The BJP lost some seats in the Lok Sabha elections, but our voter base remains strong. There is no need to worry about it. In the 2014 Lok Sabha election, the BJP secured 1,33,08,961 votes. The number increased in the subsequent assembly elections, with the BJP receiving 1,47,09,276 votes,» Bawankule pointed out. «In the 2019 general elections, the BJP obtained 1,49,12,139 votes. In the 2024 general elections, we got 1,49,13,914 votes. This clearly indicates the support for the BJP among the people remains unwavering. Nonetheless, we only secured nine seats in this Lok Sabha election,» he added.

Mumbai and its suburbs experienced intermittent heavy rainfall on Saturday, causing waterlogging in several areas. However, local train services continued to operate normally, according to the latest updates from Western Railway and Central Railway. According to the India Meteorological Department (IMD), Mumbai received 91 mm of rainfall in the 24-hour period ending at 8 AM on Saturday, while its eastern and western suburbs recorded 87 mm and 93 mm of rainfall, respectively. The IMD has predicted moderate to heavy rainfall for Mumbai and Pune y in the coming days.

IT cities like Hyderabad, Pune, and Delhi-NCR due to more investor-friendly employment policies, reported TOI. Telangana might become the state that benefits the most as it offers incentive-based employer policies, while Hyderabad has been in tough competition with India's start-up capital, Bengaluru. The Siddaramaiah-led Congress government’s new reservation demands for locals in Karnataka might lead to flight risks by several investors currently based in India’s Silicon Valley. “All the GCC movement is in Bengaluru and Hyderabad. Future growth will start moving to competing cities like Hyderabad and even Pune and Delhi NCR,” said a top executive official of a global financial services giant to TOI. Moreover, though HYSEA president Prashant Nandella told TOI it is still too early to speculate, he believes such a policy might benefit pro-industry states such as Telangana. In addition, former CII Telangana Vagish Dixit told TOI that investors have a choice to move and might fly to other states as a result of such counterproductive policies.

Puja Khedkar came in the eye of a storm over the authenticity of her disability and OBC status claims that got her appointed to the civil services after she sparked a controversy with her demands for a separate cabin and staff during her posting in Pune. Puja is also accused of using a private luxury car with a VIP number plate and red-blue beacon, during her tenure at the Pune collector's office. However, heightened media scrutiny of her case also brought out damning information about her parents, a retired state government employee Dilip Khedkar and Manorama Khedkar. Both of them absconded following the filing of an FIR against them for allegedly threatening a farmer. Now Manorama Khedkar has been arrested. Gun-toting mother of IAS officer Puja Khedkar The Pune Rural police early on Thursday arrested Manorama Khedkar, mother of IAS trainee officer Puja Khedkar, from a lodge at Mahad in Raigad district in a case of rioting, threatening and Arms Act violation case.

Manorama Khedkar, mother of trainee IAS officer Puja Khedkar, was apprehended in a dramatic police operation at a lodge in Maharashtra's Raigad district. She used a fake Aadhaar card to rent a room and was accompanied by a cab driver posing as her son. This arrest follows a widely circulated video showing her brandishing a firearm during a heated altercation over a land dispute, sparking public outrage and legal action. Manorama Khedkar faces charges of attempted murder and other offenses. Acting on the viral video, Pune Rural Police swiftly located and arrested Manorama Khedkar from a lodge in Raigad. The incident, captured on CCTV, captured her in a confrontation where she allegedly threatened locals with a gun in Pune's Mulshi village. Police sources provided details on the arrest, highlighting the seriousness of the charges against her.

₹190 crore, two company executives told Mint. The company has committed ₹100 crore to Chennai-based Radiance Realty Developers India Ltd, and another ₹90 crore to Pune-based Mantra Properties and Developers Pvt. Ltd, for their respective residential projects.

Aanvi Kamdar, a 27-year-old chartered accountant working in Deloitte and social media influencer from Malad, died after falling 350 feet from a hillock near the Kumbhe waterfall while filming a reel. She was part of a seven-member group of picnickers who alerted authorities following her fall. Despite a six-hour rescue operation, Kamdar was declared dead on arrival at the hospital.

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IAS officer Puja Khedkar to record her statement regarding allegations of harassment against the Pune district collector, a senior officer said on Wednesday. Pune Police Commissioner Amitesh Kumar confirmed to PTI that Khedkar has been asked to come to Pune to provide her statement. «I am not aware of any such complaint against me. No one communicated to me about this. So there is no question of giving a reaction. I came to know about this complaint only through media reports,» Pune district collector Suhas Diwase told PTI. Another official said correspondence by Pune Police asking Khedkar to record her statement was served to her at her temporary residence in Washim on Wednesday.

Juvenile Justice Board (JJB) members in connection with the bail given to the minor accused in the Pune Porsche crash case has recommended disciplinary action against them for «procedural lapses», an official said on Wednesday. On May 19, two IT professionals were killed in Kalyani Nagar area here after their motorcycle was hit by a speeding Porsche car allegedly driven by the minor in an inebriated condition.

Panasonic Avionics on Wednesday opened a new software design and development facility in Pune. The new facility, inaugurated by the Minister of State for Civil Aviation, Murlidhar Mohol, is the first in the country by Panasonic Avionics Corporation dedicated to supporting the development and delivery of IFEC solutions. The facility employs over 200 skilled engineers in the beginning with growth plans in place to scale it up further to support the increasing demand from airlines for these solutions, the company said.

high efficacy" malaria vaccine co-developed by the Serum Institute of India (SII) and the University of Oxford was officially rolled out on Monday when Cote d'Ivoire in West Africa became the first country to begin administering R21/Matrix-M. The vaccine, which was granted World Health Organisation (WHO) approval last year, is said to have undergone a rigorous regulatory process and clinical assessment and was found to be highly effective and affordable. As a low-dose vaccine, it can be manufactured at speed and scale which is seen as critical to stemming the spread of the mosquito-borne disease. «Reducing the malaria burden is finally within sight. Today's start of the R21/Matrix-M vaccine roll-out marks a monumental milestone after years of incredible work with our partners at Oxford and Novavax,» said SII CEO Adar Poonawalla. «At Serum, we believe that it is every person's right to have access to affordable and essential disease prevention. That's why we have committed to producing 100 million doses of R21, which will protect millions of lives and alleviate the burden of this deadly disease for future generations,» he said.

₹76 lakh in the erstwhile Amrapali Group’s ‘HeartBeat City’ township in Noida. Parashar was supposed to get possession of his home in 2014 but the project stalled in 2013. In 2019, just before the pandemic, state-owned construction corporation NBCC (India) Ltd was appointed by the Supreme Court to take over the task of completing 24 projects of the group and eventually commenced the job.

Bank of Maharashtra is planning to raise Rs 5,000 crore in equity this year as part of a two-year strategy to pare the government stake to 75% to conform to the market regulation. The bank said it needs to raise a total of Rs 6,700 crore at current price to bring down the promoter holding below the threshold level.

Bank of Maharashtra (BoM) reported a 46.6% increase in its net profit to Rs 1,293 crore for the June quarter. The Pune-based lender had earned a net profit of Rs 882 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 6,769 crore, up from Rs 5,417 crore a year ago, according to a regulatory filing.

probationary IAS officer Puja Khedkar has deepened with new information revealing that she had submitted a non-creamy layer OBC certificate to secure admission to an MBBS program in 2007. Director of Shrimati Kashibai Navale Medical College and General Hospital Arvind Bhore provided details on Khedkar's admission. According to Bhore, Khedkar gained a seat for the MBBS course at the college through the Association of Management of Unaided Private Medical and Dental Colleges of Maharashtra (AMUPDMC) entrance test. She scored 146 marks out of 200 in the exam and was part of the college's first batch in 2007. Bhore further explained that although Khedkar had taken the CET exams, her higher score in the AMUPDMC exam secured her admission. The AMUPDMC exam has since been replaced by the National Eligibility cum Entrance Test (NEET).

trainee IAS officer Puja Khedkar, who are accused of threatening a farmer with a pistol. According to Pune Rural SP Pankaj Deshmukh, the accused, Manorama and Dilip Khedkar, are evading authorities and have turned off their phones, making contact difficult. «The accused are on the run, we are trying to contact them but they are not reachable as their phones are switched off. We have also tried to reach their residence but they are not available,» SP Deshmukh told ANI. Deshmukh mentioned that multiple teams, including officials from local crime branches and police stations, are conducting searches in Pune and nearby areas where the accused have properties.

Mint. “Besides the domestic market, we are also looking at exports to the Middle East, Asia, Africa, Europe and the U.S. These exports contributed to 14% of our revenues in FY24 from 4% a year earlier," Sany’s managing director Deepak Garg said.

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new terminal of Pune international airport was operationalised on Sunday with passengers boarding flights to New Delhi and Odisha capital Bhubaneswar, an official said. Union Minister of State for Civil Aviation and local MP Murlidhar Mohol handed over the first boarding pass to a flyer to mark the occasion. The new terminal was e-inaugurated along with several other airport projects nationwide by Prime Minister Narendra Modi from an event in Azamgarh in Uttar Pradesh on March 10 this year.

Slow and steady: How a passive approach secured this CEO's retirement future “Harsh, like quite a few of my clients, aims for financial independence by 50-55," Nayak said. “However, with NPS, if one decides to exit completely before 60, at least 80% of the accumulated corpus must be used to purchase an annuity, while the remaining 20% is paid out as a lumpsum. Further, the annuity is taxable at the individual’s slab rate." Mishra has opted for an NPS-E account—an equity-oriented NPS scheme with 75% equity allocation, unlike pure debt investments such as EPF and PPF.