City Pune Financial News

The conference hall in Pune was packed. To retail investors who have long complained about low interest rates, an indicative 10% rate on idle savings seemed like a great deal. The questions came thick and fast after Gautam Adukia, co-founder at peer-to-peer lending platform LiquiLoans, concluded his presentation. 

industrial growth and the emergence of one of the fastest growing real estate segments in the country, India’s warehousing sector is set to cross the 300 million sq ft mark by 2025 from the current stock of 216 million sq ft, according to a CREDAI-CRE Matrix joint report. During the March quarter, India witnessed a 5% increase in warehousing rentals with the absorption to supply-ratio at 1.4 times. Pune and NCR’s contribution to the pan India Grade A/A+ warehousing demand was 45%, while Mumbai Metropolitan Region (MMR) and NCR jointly had a demand touching 53% in the segment. MMR alone recorded a 52% on-year increase in supply during the quarter.

India’s retail sector is witnessing a significant surge, and is expected to grow by 50% to 134 million sq ft by the end of 2028 from 89 million sq ft at present, according to a report by JLL. Close to 88 new retail developments with a cumulative area of around 45 million sq ft are expected to come on stream in the seven cities — Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Pune, Kolkata, and Chennai – over the next 5 years.

Sharad Pawar on Wednesday said gone are the days of one-person rule as the new government at the Centre could not have been formed by the BJP without the help of other parties. With the coalition government in place at the Centre, the Modi guarantee is now over, a change made possible by the power of the voters, he said.

Rural consumption was hit by inflation and low wage growth, and it was the urban consumers who kept the spending ship afloat. No wonder, the Reserve Bank of India’s consumer confidence index is back at pre-pandemic levels: it is based on an urban survey. But digging deeper into the data made some fault lines apparent.

cheating and criminal intimidation case was filed against the father and grandfather of the juvenile accused of ramming his Porsche car into a motorcycle in an inebriated condition in Pune on May 19, resulting in the death of two IT professionals hailing from Madhya Pradesh, a police official said on Friday.

Pune Police have booked the father and grandfather of a teenager involved in the Pune May 19 car accident case, in a separate case of abetment of suicide of a local businessman's son, officials said on Friday.

Delhi will experience light rain and thunderstorms on Friday, with the minimum temperature recorded at 28 degrees Celsius.According to the India Meteorological Department (IMD), the humidity was 46 per cent at 8:30 a.m.A strong dust storm hit several parts of Delhi-NCR overnight.Also Read: Alerts for heavy rainfall issued in Mumbai, Thane, Pune, other Maharashtra districts till June 10 | Full IMD forecastThe city is experiencing a change in the weather due to the impact of a new western disturbance.The MeT has forecast a partly cloudy sky with a dust storm or thunderstorm along with light showers.The maximum temperature is likely to settle around 43 degrees Celsius.The weather agency in its latest weather bulletin said, “Isolated to scattered very light to light rainfall with thunderstorm, lightning & gusty winds (40-50 kmph) very likely over Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh and Rajasthan during 06th-07th June, 2024. Duststorm very likely over Punjab, Haryana-Chandigarh-Delhi, Uttar Pradesh on 06th and Rajasthan during 06th-07th June, 2024.

Pune police have filed charges against the father and grandfather of the juvenile involved in the May 19 Porsche car crash, and three others in a separate case related to the abetment of suicide of a businessman's son in the cityPTI reported, citing authorities, that D S Kature, a construction business owner in Pune's Vadgaon Sheri vicinity, lodged the complaint against Vinay Kale. Kature's son, Shashikant Kature, borrowed money from Kale for construction.Also Read: Pune Porsche crash: I was drunk so…, What teen revealed during police interrogations“After he could not pay the loan on time, Kale allegedly started adding compounding interest to the principal amount and harassing Shashikant Kature.

major cities have risen by 24 per cent since 2019 due to higher supply, but realty firms will take 31 per cent less time to sell these units because of high sales velocity, according to JLL India. In a report released on Thursday, real estate consultant JLL India said the actively selling unsold housing inventory has reached about 4,68,000 units by March 2024, a 24 per cent increase since December 2019, across seven major cities — Delhi-NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, and Kolkata.

Sustainability in today’s world is more than just a fleeting phenomenon; it signifies enduring practices that can thrive over time and be embedded in our practices. The notion of smart cities carries immense potential to invigorate, include, and enhance urban life. The initiation of India’s smart city program is commendable as it marks the outset of a journey toward positive transformation and alleviate urban living standards.

Maharashtra Elections Results 2024 Live Updates: Various exit polls for the Lok Sabha election indicate that the Bharatiya Janata Party-led Mahayuti is likely to secure between 22 to 35 seats in Maharashtra, while the Maha Vikas Aghadi (MVA) is expected to win between 15 to 26 seats. Maharashtra is a crucial state in this election.Maharashtra witnessed intense contests between factions of the Shiv Sena (Uddhav Balasaheb Thackeray) and Shiv Sena (Shinde), as well as the NCP (Ajit Pawar) and NCP (Sharad Pawar), for the state's 48 Lok Sabha seats. The BJP contested in 28 constituencies, with its allies Shiv Sena (Shinde) in 14 and the Ajit Pawar-led NCP in five.On the other hand, the Maha Vikas Aghadi members saw Shiv Sena (UBT) competing in 21 constituencies, Congress in 17, and NCP (Sharad Pawar) in 10.

Lawrence Bishnoi and Goldie Brar gangs allegedly considered employing minors to carry out the killing of Bollywood actor Salman Khan, according to police. Navi Mumbai Police uncovered a plot to kill the actor during their investigation disclosing a video call conversation between Lawrence Bishnoi gang member Ajay Kashyap and another accused.

Kedar Jadhav, the cricketer from India and Maharashtra, made a significant announcement on Monday. He declared his retirement from international cricket, ending a remarkable journey that lasted nearly a decade. This decision caught the attention of cricket fans worldwide, bringing an end to his memorable career.

Bajaj Auto on Monday said its total sales remained flat at 3,55,323 units in May. The Pune-based automaker sold 3,55,148 vehicles in May 2023, the company said in a regulatory filing.

Also Read | 'Come to Bengaluru, increase odds of success': Unacademy’s Gaurav Munjal asks start-up founders to ditch Mumbai, DelhiMunjal's praise for Bengaluru resonated with many social media users. One user commented, "Not even starting a company, if you want non-linear outcomes in your career, BLR is the place with the highest probability!" Another user highlighted the city's advantages: "Its robust infrastructure, talent pool, and cosmopolitan culture foster innovation.

New Yorker profiles. In 2009, a year before he left his home in Shillong to pursue a media degree in Pune, he discovered the New Yorker. In 2015, when he began a freelancing career in Mumbai, he came across Hura’s photobook, Life is Elsewhere (2015).

ALSO READ: Pune Porsche crash: I was drunk so…, What teen revealed during police interrogationsPolice had requested Shivani's seven-day custody, stating they wanted to cross-examine the doctors with the parents and also collect CCTV footage, reported News18.Kumar added Shivani feigned ignorance on why the doctors at Sassoon Hospital asked her to give her blood as a sample instead of her son's.“We have recorded the statement of the woman (49). She told us that the doctors of the hospital had told her to give her blood as sample instead of her son’s.

Also Read: Pune Porsche crash: I was drunk so…, What teen revealed during police interrogationsAs the matter escalated, Raveena Tondon got out of her vehicle to speak with the crowd. However, she was allegedly pushed and hit.The video of the incident has gone viral on social media platforms.

The 17-year-old was interrogated for over an hour (11:30 am to 12:30 pm) on Saturday in the presence of his mother. The juvenile is in a observation home till June 5. The Juvenile Justice Board (JJB) on Friday permitted the police to probe the teenager.The police also said the teen remained tight-lipped during questioning despite much effort.

Also Read | Delhi residents chase water tanker amid severe water crisis & heatwaves The experts also recommended that the Surface Instrument Division in Pune examine and calibrate the AWS temperature sensors periodically for all the AWS. It also recommended a Factory Acceptance Test in different temperatures and routine maintenance of the AWS installed nationwide.“If possible, a third-party audit should be done to authenticate the data quality of AWS.