City Pune Financial News
14.07 / 04:53
Citi
Extreme
Yellow
isolate
Department
Traffic
Updates
Mumbai rains LIVE Updates: Heavy showers disrupt traffic, rescheduled trains, high tide warning and more here
Mumbai rains LIVE Updates: The Regional Meteorological Department (RMC) issued a yellow alert for Mumbai and Palghar. RMC in its weather report stated, “Heavy to very heavy rainfall in a few places with extremely heavy rainfall at isolated places very likely."Meanwhile, red alert for heavy showers is in place for four districts of Maharashtra including Satara, Kolhapur, Sindhudurg and Ratnagiri.
13.07 / 18:43
UPS
Man
Football
show
performer
Olympics
Sporting
Let’s football! A look at India’s inability to play the beautiful game—and what can be done
football across the length and breadth of this well populated, cricket-junkie land were agog discussing the previous night’s two Euro group matches. Jude Bellingham’s 95th minute goal — and England’s lacklustre performance against Slovenia — was discussed threadbare as if it was Gareth Southgate’s waistcoat. Also hogging the Monday tika-chatter was Spain’s impressive win against Georgia, Rodri’s performance especially garnering rave reviews from those who know that the “j” in “La Roja” is pronounced as an “h”. The same day, FC Barcelona stopped all its football academies across Delhi NCR, Mumbai, Bengaluru and Pune.
13.07 / 14:15
markets
Citi
Digital
Platform
economy
blues
reports
Tier I cities dominate in blue-collar gig job opportunities: Report
gig economy, tier-one cities led in short-term blue-collar employment opportunities, accounting for 67.1 per cent openings from June 2023 to June 2024, a report said on Saturday. These tier-I cities, which have a large concentration of gig working opportunities, saw 63.11 per cent job applications originating from these urban hubs, a report by tech-enabled blue-collar workforce recruitment platform WorkIndia said. Tier-II cities saw 26 per cent of such job openings and accounted for 25 per cent of applications, indicating balanced growth potential, the report said. However, tier-III cities exhibited a lower proportion of job openings (6.7 per cent) compared to 11 per cent applications, hinting at heightened competition amidst an oversupply of gig workers, the report stated.
13.07 / 12:48
markets
IPO
Manufacturing
Align
show
performer
Pharmaceuticals
Emcure Pharma shares jump over 4% post listing. Should you buy, sell or hold?
Emcure Pharmaceuticals jumped 4% to Rs 1,384 after a strong debut on the exchanges on Wednesday. The stock is listed at Rs 1325 on NSE and BSE over the IPO price of Rs 1008 apiece, a premium of Rs 317 or 31.4% as against the issue price. The enthusiastic listing was kind of expected after it received an overwhelming response, as the issue was subscribed to a whopping nearly 68 times.
13.07 / 12:05
markets
UPS
Cooper
Election
show
stage
shock
Remember the onion price shock last year? This time, the govt is acting early
mandi, India's largest vegetable wholesale market, sparking fears that prices could soar in the weeks and months ahead. Supplies from the onion hub of Nashik in Maharashtra have been lower than usual, an official who attended the discussions said, adding though the situation is not alarming yet, the government does not want to take chances. "If this continues for some time, we may ask traders to declare their stocks, and if this fails, the next step will be imposition of stock limits," the official said on condition of anonymity.
13.07 / 09:07
Citi
Provident
Platform
Highways
cover
Traffic
Updates
PM Modi to visit Mumbai, lay foundation stone of projects worth more than Rs 29,400 crore
Modi is set to embark on his visit to Mumbai, Maharashtra today. This will be Narendra Modi's first visit to Mumbai since taking the oath as Prime Minister for the third consecutive term on June 9, following the National Democratic Alliance (NDA)'s victory in the Lok Sabha polls. Around 5:30 p.m., the Prime Minister will arrive at the NESCO Exhibition Centre, Goregaon, Mumbai, where he will launch, dedicate to the nation, and lay the foundation stone for multiple projects related to the road, railways, and ports sector worth more than Rs 29,400 crore.
13.07 / 06:41
UPS
Manufacturing
security
Apple
AirPods
reports
Apple gears up for iPad and AirPods production in India amid $14 billion iPhone success: Report
Apple is reportedly revisiting its plans to produce iPads in India and is actively seeking a local manufacturing partner.According to sources cited by Moneycontrol, Apple's earlier collaboration with China-based BYD for iPad production was halted due to geopolitical restrictions. Now, Apple is resuming its efforts and may soon secure an Indian partner to kickstart iPad manufacturing.
13.07 / 06:21
markets
UPS
Provident
CEO
Mobile
WhatsApp
Mercedes ready to invest $500 mn in Indian EV biz but it has a condition
Mercedes-Benz India MD & CEO Santosh Iyer told the Times of India, «We need to see whether it makes sense… Investments can be done only if the tax advantage of 5% GST on EVs will continue for the next ten years… that gives us confidence.» Iyer added, «This will prompt us to do a business case to start with. Today, there is no business case.»
13.07 / 05:35
UPS
Booking
CEO
Analysis
Dreams
reports
guidelines
India’s highest-paid bankers are from non-banks. RBI can’t do much about it—yet.
MUMBAI : India’s highest-paid banker isn’t Sashidhar Jagdishan, chief of the country’s largest private lender, HDFC Bank Ltd. That title goes not to Rajeev Jain, the CEO of Bajaj Finance Ltd, India’s largest non-bank, but to Abhay Bhutada, the recently retired chief of Pune-based Poonawalla Fincorp Ltd. Shadow banks such as Poonawalla Fincorp and Bajaj Finance have been able to shower their bosses with hefty salaries, bonuses and stock options as they reap the rewards of robust business growth.
13.07 / 05:24
security
Remark
Arrow
wellness
Olympics
archery
Not seeing my child for weeks has been the toughest challenge: Archer Deepika Kumari
Indian archery teams – men’s and women’s – landed back home from Antalya, Turkey, having secured the 2024 Paris Olympic berths, based on rankings. Deepika Kumari, who had made a remarkable comeback after becoming a mother, was excited and relieved at the same time. “The dream was to make it to the Olympics,” she said. As she couldn’t talk more, she promised to meet later in the evening at her home. “I will be there for a few hours this evening before I leave for Pune for the final phase of training tomorrow morning,” Deepika suggested. Upon reaching her apartment, Deepika was already waiting in the lobby. As she was speaking, the mind went back to an event last November. At the time, she still had her post-pregnancy weight, and there was scepticism about her Olympics chances. And here she was, 20kg lighter, almost unrecognisable.
13.07 / 04:39
markets
Manufacturing
ICE
wellness
country
cover
Schools
What is the value proposition of a CNG bike vs EV & ICE models? Bajaj Auto’s Rakesh Sharma answers
Rakesh Sharma, ED, Bajaj Auto, explains the logic behind launching a CNG motorcycle. He says the company expects this to be a pivotal point in the development of the two-wheeler industry in the country. And if we have to take the government at face value, which there is no reason to disbelieve, the CNG network is going to grow even further and faster, every month 100 new pumps are being added. That means CNG will have ubiquitous availability. At this point, their estimate is only 60%, but it will go to 80%. Let us begin with this CNG bike launch. What is the value proposition of this model versus the EV and the ICE models? Rakesh Sharma: Well, for the full lowdown you will have to come to Pune on 5th; by 2 pm we are unveiling the new bike. For now, suffice to say that it is the outcome of a very intense exercise over the last two to three years. We will be showcasing through this, the power of innovation at Bajaj Auto. It addresses a very large market size. Almost 70% of the one million per month market of motorcycles has some level of sensitivity to fuel economy.
13.07 / 03:56
markets
IPO
Sustainability
trends
band
Pharmaceuticals
Emcure Pharma IPO GMP rises on share allotment day, indicating healthy listing
IPO of Emcure Pharmaceuticals, the shares of the company are commanding a healthy premium of Rs 360 in the unlisted market. Considering the upper price band of Rs 960, the stock is expected to list at a premium of 37% if the current trends sustain. The company has finalised the share allotment today and listing date is fixed as July 10.
13.07 / 00:39
Research
Virus
outbreak
reports
testing
Govt alerts states as Zika cases rise; focus on pregnant women
health ministry said no cases of Zika-associated microcephaly have been reported in India since 2016. To ensure timely detection and control of any potential outbreak, state authorities have been advised to be vigilant, prepared, and ensure the availability of appropriate logistics at all levels.
13.07 / 00:17
UPS
Provident
Aware
Platform
trends
show
High net-worth individuals show strong preference for high value term insurance of up to ₹20 Crore
Gurugram, July 03, 2024: As the awareness and demand for term insurance gains momentum, Policybazaar has observed a steadily growing preference among High-Net-Worth Individuals (HNIs) for high-value insurance coverage. This shift is visible through an increasing number of HNIs opting for high-value policies of ₹20 Crore over the last few years.
12.07 / 22:34
UPS
Man
Action
Insignia
Videos
Investigations
Controversial video emerges of IAS officer Puja Khedkar's mother threatening farmers with gun amid land dispute
mother of trainee IAS officer Puja Khedkar, in a confrontation where she allegedly wielded a gun while confronting local men amidst a land dispute in Pune's Mulshi taluka. Puja Khedkar herself has been embroiled in controversy, accused of misrepresenting her credentials during her UPSC candidacy and facing allegations of misusing official privileges. The video is doing the rounds since the IAS officer was shunted from Pune to Washim after she came under the spotlight when she was transferred from Pune to Washim district before the completion of her training after kicking up controversy with demands such as a separate cabin and staff. The controversy revolves around Puja's father, Dilip Khedkar, a retired IAS officer known for his substantial property holdings, including a 25-acre plot in Mulshi taluka of Pune district. Allegations from local farmers suggest that the Khedkar family may have encroached upon neighboring lands, leading to confrontations captured in the viral video.
12.07 / 12:53
Citi
isolate
Department
prevention
Schools
Colleges
Updates
Mumbai rains hit local train services for second day. Central, Western Railways issue updates, many trains rescheduled
Mumbai for the second day, disrupting roads and local train services in India's financial capital, prompting authorities to close some schools and colleges. The India Meteorological Department (IMD) issued a Red Alert for Mumbai, which continued to experience severe rainfall on Tuesday. The Navi Mumbai Municipal Corporation Education (NMMC) Department also announced a holiday for all schools under its jurisdiction on Tuesday due to the heavy rain warning. Both government and private schools remained closed as per the orders from the NMMC and Education Department. The Brihanmumbai Municipal Corporation (BMC) urged residents to leave their homes only if absolutely necessary. The Regional Meteorological Centre (RMC) in Mumbai issued red alerts for Mumbai, Raigad, Ratnagiri, and Sindhudurg for Monday. Similar alerts were issued for Pune and Satara. The IMD predicted heavy rainfall in isolated places in Mumbai until July 12. Pune district administration has also announced the closure of all schools up to class 12 on Tuesday, July 9, to prevent any incidents or emergencies related to the severe weather. The IMD forecast indicated a generally cloudy sky with intermittent moderate to heavy rain in the city and suburbs.
30.06 / 05:33
markets
COST
UPS
Manufacturing
War
track
rights
We are still humble, are willing to learn and be customer centric: Skoda Auto CEO
growth strategy and gives the Czech firm a competitive advantage for its international expansion plans. The company’s development and manufacturing base in Pune is a springboard into Asean and Middle East.
29.06 / 05:23
markets
UPS
IPO
Manufacturing
band
Pharmaceuticals
IPO Calendar: Primary market gears up for another robust week as 3 companies look to raise Rs 2,700 cr
The IPOs of Emcure Pharmaceuticals, in which shark tank fame Namita Thapar is the Executive Director and Bansal Wire will open for subscription next week in the mainboard segment, while Ambey Laboratories is the sole SME issue.
28.06 / 09:47
markets
UPS
Booking
performer
reports
Godrej Properties share price hits life-time high on highest ever pre-sales in FY24. Should you buy the stock?
₹3,220.00 on BSE after the real estate developer reported its highest ever pre-sales in FY24.Realty major Godrej Properties reported 84% year-on-year (YoY) growth in its FY24 pre-sales to record ₹22,500 crore, becoming the largest developer in terms of bookings. The performance was mainly led by new launches, which increased by 65% in FY24, of which 70% were absorbed during the year and contributed 70% to total pre-sales.
28.06 / 09:21
UPS
Action
Software
Porsche
show
Investigations
Pune police chief had proactive role in Porsche crash probe: Fadnavis
Pune police chief Amitesh Kumar had a proactive role in the investigation into the Porsche crash and there was nothing to suggest that action should be taken against him. Fadnavis made the assertions during a debate on the high-profile case raised through a calling attention notice. During the debate, Leader of Opposition Vijay Wadettiwar demanded the Pune police commissioner's resignation. Conceding that there are issues of "use of money to buy justice", Fadnavis said, «This should not be allowed. We have to see how laws can be strengthened further. The issue is serious but there is no need to defame Pune police. They have taken action in the case. Erring police officials have been punished.» He said Pune Police Commissioner Amitesh Kumar had a proactive role in the probe into the accident and nothing has come up to suggest that he should face action.
27.06 / 12:49
markets
UPS
Target
Booking
Trade
show
Multibagger Stock: Century Textile skyrockets over 270% in 16 months, up 675% in 4 years; is now a good time to buy?
Century Textile& Industries as the company's shares have been showing remarkable resilience over the last 16 months, steadily gaining without any significant pullbacks. From a trading price of ₹608 apiece in February last year, the shares have skyrocketed by 274% to trade at the current trading price of ₹2,275 apiece.Also Read: India's Q1 housing sales rise 5% annually to 1.2 lakh units; demand dips 8%Remarkably, the stock has closed in negative territory for only 4 months with minimal corrections.
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