City Pune Financial News

Amethi and Rae Bareli constituencies in Uttar Pradesh is likely to end today, April 2. Congress general secretary on Wednesday said the decision would be announced in the next 24-40 hours. Amethi and Raebareli will go to the polls in the fifth phase of the Lok Sabha elections 2024 on May 20.

India’s Silicon Valley Bengaluru has again emerged as the numero uno city in terms of rise in rental yields in top 11 cities/regions of the country, according to an ANAROCK report. Mumbai was second on the list followed by Gurugram.

Salman Khurshid and SP leader Maria Alam Khan under sections 188 and 295A IPC in Kayamganj PS in Fatehgarh district for allegedly asking for votes on religious lines. Seeking votes for the INDIA bloc candidate from Farrukhabad Lok Sabha seat, Maria Alam made an appeal for «vote jehad», terming it as necessary in the current situation for the minority community to drive away the BJP government. Alam, who is also the niece of senior Congress leader Salman Khurshid, while addressing an election meeting on Monday in the presence of senior Congress leader and former external affairs minister Salman Khurshid, made an appeal for «vote jehad», saying «in the current situation, 'vote jehad' is necessary for the minority community»

Birlasoft reported a net profit of Rs 180 crore in the March quarter of FY24, up 11.8% quarter on quarter (QoQ). The profit for the company grew by a whopping 60.5% on-year. The growth in profit in Q4 comes on the back of surge in non-core income, slight increase in operating margin and a decline in employee expenses. Operating margin jacked up by 33 bps (3.8% QoQ) to end at 14.7% in the final quarter of FY24.

DRHP) with updated financials after markets regulator Securities and Exchange Board of India (Sebi), pressed for detailed key performance indicators or KPIs, a person with knowledge of the development said. The Pune-based company is looking to raise $500 million from its public listing.

travel and tourism sector is all set to add 5.82 crore jobs across the country by 2033, a top executive of global technology and digital talent solutions provider NLB Services said on Monday. «The growing synergy of the sector has led to steadfast employment generation across the country both in tier I and II locations. In the pandemic year 2020, the tourism sector accounted for 39 million jobs, constituting 8 per cent of the nation's total workforce. Post the pandemic recovery tenure, this was one of the sectors that saw the quickest recovery,» NLB Services CEO Sachin Alug said in a statement. Incidentally, talent demand in tourism recorded a 44 per cent spike in August 2023, and 1.6 million additional jobs were expected to be added in the calendar year 2023, he said.

KPIT Technologies, focused on automative and mobility software services, has reported a 47.2% year-on-year rise in net profit (attributable to shareholders) at Rs 164.4 crore for the fourth quarter ending March 2024. The Pune-headquartered firm’s profit a year ago stood at Rs 111.6 crore in Q4FY23 and at Rs 155.3 crore in the preceding quarter.

Traffic Changes:

Top Events of the Day: PM Modi will address a rally in Pune at the Race Course. Mahindra & Mahindra to launch its Mahindra XUV 3XO. Meanwhile, SC will hear the West Bengal government’s plea against Calcutta HC’s order in the Sandeshkhali Case.

Pune man bid farewell to his allegedly toxic workplace in a unique and lively manner. Aniket, a sales associate, left his job of three years due to what he described as a «very toxic» work environment. His departure caught attention when popular content creator Anish Bhagat shared a video online of Aniket dancing to the beats of a dhol, surrounded by friends and musicians outside his office. This unusual farewell was Aniket's way of expressing his frustration with the lack of respect and growth opportunities in his job. Aniket's departure from his job was far from ordinary. Fed up with what he described as a toxic work environment and meager pay, Aniket decided to leave his job in a memorable way. The incident highlights the prevalent issue of toxic work culture in many workplaces today. Aniket's actions shed light on the challenges faced by employees, including lack of respect and growth opportunities.

people's health. Several restaurants and caterers are seen preparing food without following safety and hygiene protocols. In another incident from Uttar Pradesh, around 70 people were hospitalised after eating food at a wedding function.

A post shared by Anish Bhagat (@anishbhagatt) The content creator wrote in his post, “I think a lot of you are going to relate to this. Toxic work culture is so prominent these days. Lack of respect and entitlement is quite common.

Tech Mahindra, country's fifth largest IT services firm, reported a decline in net profit of 40.9% year-on-year (YoY) to `661 crore primarily driven by slowdown in its telecom, communications, media and entertainment business, which is its largest vertical with 36.5% market share. The profit stood at Rs 1,118 crore in last year's March quarter. Sequentially, profit grew 29.6% from Rs 510 crore in the December quarter because of a one-off gain. The Pune-headquartered firm’s consolidated revenue from operations fell 6.2% YoY to Rs 12,871.30 crore from Rs 13,718 crore in March quarter of FY23. Sequentially, it dipped by 1.7% from Rs 13,101 crore in the preceding quarter.

Provident Housing, a wholly-owned subsidiary of realty developer Puravankara has raised Rs 1,150 crore from HDFC Capital Advisors, the real estate private equity arm of HDFC Group, to support future growth and expansion plans. This strategic collaboration between the developer and India’s largest residential investment platform, is expected to lead to an addition of 6.2 million sq ft of new projects to the ongoing 14.8 million sq ft. This combined portfolio will hold a gross development value of Rs 17,100 crores, which will be delivered over the next five to six years.

EVs, while also utilising the country as an export hub for the neighbouring countries. Chung visited India on April 23 to review the group's mid-to-long-term strategies to solidify its position as a leading mobility provider. Hyundai Motor Group is expanding its manufacturing footprint in the Indian region with the establishment of an annual production system of 1.5 million vehicle units for Hyundai Motor India and Kia India combined, the automaker stated.

₹17,500 crore, supported by strong demand and a robust launch pipeline, said a top company executive. In FY24, the Mumbai-based developer recorded ₹14,520 crore in pre-sales, its highest-ever in a year. Macrotech is the one of the top four bestselling developers in the country, along with DLF Ltd, Prestige Group and Godrej Properties Ltd.

Educational Testing Service (ETS) showed that the highest average score in this English proficiency exam was witnessed among candidates from Dehradun where the average score of test takers was 105.6. This was followed by Guntur (105.5), Mysuru (104.1) and Delhi (103.5). Most of the students who appeared for TOEFL opted for a major in computing and information technology (IT) at a foreign university in 2023.

2024 Perak sports a new matte Black and matte Grey dual-tone finish, designed to accentuate the motorcycle's unique design elements. The addition of a brass tank badge and a matching fuel filler cap enhances the retro vibe. The new seat design, now featuring a quilted pattern, not only elevates the look but also offers greater comfort to riders.

Hitachi Energy is looking to open more global capability centers in India to expand local operations, amid growing energy demand and a push to scale up renewable energy generation in the country. Zurich-based Hitachi Energy, which makes transformers and large-scale power transmitters, operates a GCC in the country, where high power demand has led to the government ramping up generation, including in renewable energy. «We are looking at Hyderabad for our GCC… and also looking at Pune. It might take six months to one year,» said Venu Nuguri, the managing director and CEO of the company's India unit.

₹5,069 crore. The revamp involves the daunting task of resettling an estimated million people. The ongoing survey, based on which home eligibility for the slum dwellers will be decided, is critical for the project’s future, and for that, the support of Dharavikars is key.

Preparing A Post-June 4 Plan Even as model code has slowed down the government’s usual pace, bureaucracy is on its toes. Sectoral groups of secretaries are holding a series of meetings to firm up 100-day plans and long-term agenda for the new government. In addition, review meetings are being called by the Cabinet Secretary. The latter are learnt to be quite demanding. Word has it that quite a few proposals have been sent back to the drawing board as well. Choubey giving his best shot Union minister Ashwini Choubey, who has been denied a ticket from Bihar’s Buxar, hasn’t lost hope. He has been telling his supporters that things can change before nomination. During Prime Minister Narendra Modi’s rally in Gaya, Choubey sat beside him and presented his case. He has also visited RSS office in Nagpur.