City Pune Financial News
22.05 / 15:33
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Pune Porsche crash: Minor's father sent to police custody, grandfather linked to Chhota Rajan - 10 Key updates
Also Read: Porsche Pune accident: How come bail was granted within 15 hours even after killing 2? Cop explains reasonsOn May 19, the Porsche car, allegedly driven by the juvenile, knocked down two motorbike riders in Pune's Kalyani Nagar, leading to their deaths. The police have alleged that the juvenile was drunk at the time of accident.Two IT professionals died in the accident.
22.05 / 02:53
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Pune Crash: Teen spent over Rs 48k at pub before mowing down 2, skipped Rs 1,758 registration fee
Pune police, who had requested the court to treat him as an adult. However, the court rejected the request and granted bail under the Juvenile Justice Act, imposing conditions along with the bail. The speeding Porsche Taycan, driven by the juvenile, crashed into the motorcyclists from behind, causing their deaths on the spot. The police booked the minor for rash and negligent driving, endangering life, and causing harm under IPC Sections 304A, 279, 337, 338, 427, and relevant sections of the Maharashtra Motor Vehicle Act at Pune City's Yerwada Police Station. Teen Spent Rs 48,000 at pub before crash
22.05 / 02:25
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Pune Porsche accident: Car registration stalled since March over unpaid ₹1,758 fee
Pune city, had its permanent registration pending since March due to the owner's failure to pay ₹1,758 in fees, PTI reported. The vehicle in question was a luxury electric sports sedan, the Porsche Taycan, reportedly driven by a 17-year-old son of a well-known builder.
22.05 / 01:17
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Silver had a sparkling run. What comes next may not be pretty
MUMBAI : With silver trading at higher than ₹90,000 a kg on commodity bourse MCX, market stakeholders warn that any increase toward the psychological ₹1 lakh level could result in a profit-booking spree. The white metal has risen 26% from ₹73,501 a kg to a record ₹92,475 in the year-to-date, MCX’s spot price index shows.
21.05 / 18:09
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Pune Porsche accident: Father of minor placed under arrest; Cosie and Blak bar sealed | 10 latest updates
Maharashtra's Chhatrapati Sambhajinagar town, police said. -Two 24-year-old IT engineers, hailing from Madhya Pradesh, were killed after an allegedly drunk juvenile driving a speeding Porsche hit them at 3.15 am in the night in Kalyani Nagar.
21.05 / 17:27
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Pune Porsche case: Fadnavis defends police action
Pune police's action in the Porsche hit and run case, deputy chief minister Devendra Fadnavis told the media Tuesday that a case of culpable homicide not amounting to murder was registered immediately by the city police. He also added that the police did not act in any kind of pressure or that any VIP treatment was doled out to the juvenile accused during his detention. A 17-and-a-half-year-old boy, son of a prominent city developer, mowed down a couple after his speeding Porsche car rammed into their motorcycle in the Yerwada area of Pune in the early hours of Sunday. The incident sparked outrage criticising the Pune police for handling the incident with ‘kid gloves’ after the Juvenile Justice Board (JJB) granted bail in a record 15 hours and asked the accused to write a «300-word essay» on the topic of road accidents. The case has also snowballed into a political slugfest, with the Opposition Maha Vikas Aghadi (MVA) accusing police authorities and an MLA of the ruling Ajit Pawar-led Nationalist Congress Party (NCP) faction of allegedly shielding the accused minor.
21.05 / 15:39
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Karnataka: Govt writes to MEA, seeks cancellation of diplomatic passport of Revanna jr
State Government has written to the ministry of external affairs (MEA) seeking cancellation of the diplomatic passport issued to Hassan MP Prajwal Revanna for dodging summons from the special investigation team (SIT) probing complaints of sexual abuse of women, against him. The letter follows a special court issuing an arrest warrant against him, Home Minister G Parameshwara said on Tuesday. The first-time MP is seeking reelection from Hassan as an NDA candidate, and fled the country a day after the April 26 polls.
21.05 / 14:59
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Pune Porsche accident: 'Why not ask truck and bus drivers to write essay': Rahul Gandhi to PM Modi
Congress leader Rahul Gandhi on Tuesday said Prime Minister Narendra Modi is creating two Indias, where even justice is dependent on wealth. «If bus, truck drivers, Uber, auto drivers accidentally kill someone, they are punished with 10 years of imprisonment. But if a 16-17 year old son of a rich family drives a Porsche and kills two people, he is asked to write an essay. Why don't you ask truck or a bus driver to write essay?» said Rahul Gandhi in a video on social media platform X.
21.05 / 14:59
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Sobha Ltd aims Rs 10,000 crore increase in equity capital over next 5 years
Sobha Group, plans to increase its equity capital to Rs 10,000 crore over five years to support growth, including expansion into new markets, with an initial target of Rs 2,000 crore through a rights issue this fiscal year, said as disclosed by a senior company official. After the Rs 2,000 crore rights issue, the company’s equity base will increase to Rs 4,500 crore.
21.05 / 14:29
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Pune Porsche accident: Devendra Fadnavis questions 'leniency', says pubs violating rules to be closed
Devendra Fadnavis questioned the "leniency" of the Juvenile Justice Board's punishment meted out to the teen. The Juvenile Justice Board has asked the Juvenile to write a 300-word essay on car accidents and work with the traffic police as community service for 15 days. The Juvenile Justice board also advised the teen to undergo counselling for their drinking.
21.05 / 12:33
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Porsche teen driver served 'pizzas, burgers' at police station after accident, says Congress leader: Report
Atul Londhe alleged on Tuesday that the teen allegedly involved in the Pune accident was served “pizzas and burgers" at the police station. He was quoted by News 18 as saying that “pizzas and burgers" were served to the teen at the police station following the accident. ALSO READ: Pune drunk driving accident kills 2: Teen Porsche driver gets bail on 4 conditions — 'write essay, work with police...' He also questioned the lack of promptness from the police in initiating action against the accused.
21.05 / 12:09
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Pune car accident case: Court sends three accused to police custody till May 24
car accident case to police custody till May 24 on Tuesday. The Porsche car allegedly driven by the 17-year-old, who the police claim was drunk at the time, knocked down two motorbike riders in Kalyani Nagar area in Maharashtra's Pune city in the early hours of Sunday, causing their death, reported PTI, citing officials. According to police reports, the teenager allegedly lost control of the vehicle, leading to the fatal accident. The victims were identified as motorbike riders who succumbed to their injuries on the spot. The juvenile's father, a real estate developer, has been detained.
21.05 / 08:49
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Who are Vedant Agarwal and his father Vishal? Youngster's rash driving kills to Pune techies
Pune has already have already committed a crime which can lead to an adult being sentenced for life! 17-year-old Vedant Agarwal hit headlines when his Porsche SUV, knocked down two people who were travelling on a two-wheeler. The victims a pair of IT employees -Ashwini Koshta (24) and Aneesh Awadhiya, died on the spot. Both of them were from Madhya Pradesh. The incident took place at Kalyani Nagar, Pune. The vehicle, which did not have a registration number, collided with the roadside pavement railings after striking the pair. A video circulating on social media depicted a crowd of individuals assaulting the driver as he attempted to extricate himself from the crashed car. An eye witness told the police that The Porsche was traveling at a speed of approximately 200-240 km/hr, with three occupants, including Vedant, in an intoxicated state.
21.05 / 03:19
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Pune hit and run case: Father of the accused teenager detained
Pune Police have detained the father of the minor who is accused in the hit and run case in which two persons have lost their lives. Vishal Agarwal, the father of the teen, has been detained from Sambhajinagar this morning, revealed Pune Commissioner of Police Amitesh Kumar. The father of the accused and the bar which served liquor to the juvenile accused are being proceeded against under Sections 75 and 77 of the Juvenile Justice Act, Kumar added. Two individuals, including a young woman, lost their lives after a luxury car collided with their motorcycle near Kalyani Nagar in Pune in the early hours of Sunday. The deceased have been identified as Anis Awadhiya and Ashwini Costa. The tragic incident occurred at about 3:15 am.
20.05 / 11:11
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Air India plane forced to make an emergency landing after its engine erupted into flames, with 179 passengers on board
Bengaluru late on Saturday night, the engine of an Air India Express aircraft carrying passengers from Pune to Kochi caught fire. This resulted in the plane's return and an emergency evacuation of its 179 passengers, who were left stranded in the Karnataka capital for almost thirteen hours. There were six crew members on IX-1132.
19.05 / 12:47
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'Jersey still fits..': Former RCB star jokes about playing for franchise after it qualifies for playoffs
ALSO READ: IPL 2024: Virat Kohli breaks Chris Gayle, MS Dhoni's records in RCB vs KKR match Along with this win, RCB also confirmed their spot in the final berth of the IPL playoffs and became the first team to qualify for the playoffs following just one win in their first seven games of the season. Opening up about his love for the franchise, the RCB Hall of Fame Chris Gayle reminisced about his time with the IPL outfit. "As you can see jersey still fits so if they need an extra man, I can be the impact player.
19.05 / 12:31
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Poonawalla Group to construct commercial tower in Pune's Bund Garden at Rs 1,750 crore
Poonawalla Group has announced that it plans to construct a commercial tower in the Pune's Bund Garden area with an estimated value of Rs 1,750 crore. «This forthcoming architectural marvel is poised to become a hub for prominent corporate entities, both domestic and international, seeking a strategic presence in the city. The tower aims to redefine Pune's skyline while offering state-of-the-art facilities to its occupants,» the company said in a statement. The company said it plans to complete the project by 2026. «Poonawalla Towers is one of our many real estate projects in the pipeline. Our vision is not just to build structures but also to shape the country’s future. The design reflects a masterful blend of classic and contemporary aesthetics. These elements are merged with the experience of one of India’s leading development managers, Amar Builders and MOCO Design Studio,» Yohan and Michelle Poonawalla said.
19.05 / 07:59
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Bank of Maharashtra tops among PSU banks in business growth in FY24
Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders at a time when most banks are facing difficulty in achieving double-digit growth. The Pune-headquartered lender has registered a 15.94 per cent rise in the total business (domestic) in FY24, followed by the country's largest lender State Bank of India (SBI) with 13.12 per cent growth, according to published financial numbers of the public sector banks (PSBs). However, SBI's total business (deposit and advances) was about 16.7 times higher at Rs 79,52,784 crore compared to Rs 4,74,411 crore of Bank of Maharashtra (BoM) in absolute terms. Similarly, BoM continued to maintain its top spot in terms of growth in deposit mobilisation, with a 15.66 per cent rise in FY24. It was followed by SBI (11.07 per cent), Bank of India (11.05 per cent) and Canara Bank (10.98 per cent).
18.05 / 18:27
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Citizens
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New rules for Mumbai, Pune builders: Senior citizen housing projects must have THESE amenities as per MahaRERA
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has announced comprehensive guidelines for real estate project developers with regard to essential aspects of housing projects being developed for senior citizens. In a recent circular, the regulator has specified that developers have to meet guidelines and specifications like building design, kitchens, bathrooms, green building principles, lifts and ramps, staircases, corridors, lighting and ventilation, and safety and security.
18.05 / 09:35
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Smartworks expands Pune portfolio, leases entire 6 lakh sq ft tower in Balewadi
workspace platform Smartworks has picked up an entire tower with 14 floors of office space spread over 6 lakh sq ft in Pune’s Balewadi through a long-term lease to set up a coworking center and expand its presence in the city. The company has leased the space for a total of 15 years in an upcoming commercial tower 43 EQ close to Balewadi High Street, taking its portfolio of managed workspaces in Pune to over 3 million sq ft. “Our growth in Pune has been outstanding and this expansion aligns with our aim to empower businesses by offering them tailored office solutions to boost productivity and foster growth in a professional, fully equipped and managed setting,” said Neetish Sarda, founder of Smartworks. The company is aiming to start operations at this new co-working hub in October and once live, the hub is expected to accommodate over 8,000 desks.
17.05 / 16:33
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Delhi airport declares full emergency after Bengaluru-bound Air India flight with 175 on board catches fire mid-air
Hindustan Times reported. As per the report, alternative arrangements have been made for the passengers to fly to Bengaluru. The flight data tracking website flightradar24 said that the flight was operated by an A321 aircraft.
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