City Pune Financial News

WeWork India has expanded its presence in India by adding two new assets across Pune and Gurugram spread over 1, 83,000 sq ft. The HQ27 located in Gurugram’s MG Road market, offers over 96,000+ sq. ft. of sace across three with over 1,480+ desks. The property ahs a 15 years lease agreement with WeWork.The Pune property is Situated within Pune’s largest mall complex — Amanora Mall, Amanora Crest offers over 87,000 sq. ft. of workspace with around 1,700 desks under operator model. “There has been a consistent uptick in office leasing, and flexible workspaces are leading the charge. As more organisations opt for hybrid work models, we expect the strong demand for flex spaces to continue rising. We are actively looking at adding new assets to our portfolio”, said Arnav S Gusain, Head of Real Estate, Product, and Procurement, WeWork India said.

Apple's two company-owned India outlets, which completed their first year of operations this month, have posted revenue of Rs 190-210 crore each last fiscal year, joining the ranks of the iPhone maker's top-performing retail stores globally. «The two Apple stores have clocked monthly average sales of Rs 16-17 crore each consistently since their launch. The Mumbai store revenue has been a little higher than the Delhi one due to a larger size,» said an industry executive aware of the matter. «It has met Apple's expectations, matching some of the best-performing store launches and they are now aggressively scouting space for the next three company-owned stores.» The US-based company opened the Mumbai store — Apple BKC — on April 18 last year, followed by the one in New Delhi — Apple Saket — two days later. Chief executive Tim Cook had flown to India for the store inaugurations.

Sharad Pawar said nobody was discussing the issue of Ram temple in Ayodhya any more, suggesting that the ruling BJP may not get any political benefit from it in the current Lok Sabha elections.

Notably, Delhi boasts of 25% of crypto investors, followed closely by Bengaluru with 16%. Mumbai (9%), Hyderabad (8.9%), Chennai (8%), Kolkata, Pune, Lucknow, and Ahmedabad also contribute significantly to the expanding presence of crypto enthusiasts in the country.

₹50,000-60,000, as against an average fare of ₹15,000-20,000 earlier. Similarly, fares for direct flights on Delhi-Dubai route have also surged to ₹50,000-60,000, against an average ₹20,000-25,000 earlier. The Dubai airport has a capacity to handle 90 million passengers per annum and provides connectivity to around 260 destinations worldwide with more than 100 airlines.

“unaccounted for water" is just 5 percent, compared to Delhi’s 58 percent. Even other Indian cities fare much better than Delhi - Chennai (35 percent), Mumbai (27 percent), Pune (35 percent). In 2015, of the 906 MGD of water treated, only 498 MGD was accounted for.

What the vacant seats at TCS mean Artificial Intelligence continued to witness hiring momentum with a 12% rise in new job creation last month as per the report. The data scientist role also reported a 20% growth in hiring in March this year. The demand for senior-level professionals with experience of more than 16 years outpaces all other cohorts, clocking 11% growth year-on-year.

mortgage rates and prices that are witnessing a steady uptrend. Top seven property markets of the country have registered total sales of 74,486 apartments during the quarter, which marks the second consecutive quarter where sales have exceeded 74,000 units, following the record-breaking performance with 75,591 apartments in the December quarter, showed data from JLL India. This sets a strong foundation for sustained growth in the residential market, surpassing the sales performance of 2023. Mumbai Metropolitan Region, Bengaluru, and Pune have driven the performance recording highest quarterly activity at 47,388 units or 64% of total sales.

Bhimrao Ramji Ambedkar, popularly known as Babasaheb Ambedkar, is widely revered as the architects of the Indian Constitution. Dr. Ambedkar was appointed as India's first Law Minister in the Cabinet of Jawaharlal Nehru. He was posthumously awarded the Bharat Ratna, India's highest civilian honour in 1990. The birthday of this great individual is celebrated as Ambedkar Jayanti. Ambedkar Jayanti 2024: Date and History The Ambedkar Jayanti is celebration with great enthusiasm around the country on April 14 annually. He was born on April 14, 1891 at Mhow near Indore in the then Central Province, now Madhya Pradesh. For the first time, activist Janardan Sadashiv Ranapisay celebrated Ambedkar’s birthday publicly on 14 April 1928 in Pune. Since then, this day is celebrated as Ambedkar Jayanti or Bhim Jayanti. From a humble origin, Dr Ambedkar went on to become one of the foremost legal minds in the country. On March 31, 20211, the Government of India decided to declare April 14 as a public holiday on account of the birthday of Dr BR Ambedkar. Ambedkar Jayanti 2024: Significance

DevX is looking to double its portfolio to over 2 million sq ft over the next two years with focus on tier-2 and -3 cities, as adaption of distributed workforce option by larger enterprises leads to a rise in demand, said a top company executive. The company currently has operational centres in key cities like Mumbai, Pune, Hyderabad, Noida, Raipur, Jaipur and Ahmedabad. Last week, it set up a new co-working centre spread over 25,000 sq ft with 300 seats in Udaipur. DevX is also working on plans for its foray into the international market, starting with Dubai and Singapore.

S Jaishankar on Friday emphasised that the 20,000 children who came back from Ukraine were "Modi ki Guarantee," adding that foreign policy is not just for diplomats, but has an impact on every person's life. During an interaction with the youths of Pune on the launch of the Marathi translation of his book: «Why Bharat Matters» he discussed about India's global rise and improved opportunities on Friday. «Today's world is globalised, and it means that whether you believe it or not, the world will come to your door. In the last three years, we have seen the Covid pandemic. It started somewhere else; who thought it'd reach India...and will turn our lives,» EAM Jaishankar said.

Puravankara, a leading real estate developer in India, witnessed a surge in its share price, hitting the 10% upper circuit during today's trading session at ₹324.30 per share. This week marked a remarkable rally, recording a 33.68% gain, the largest weekly increase since November 2017.

Godrej Properties share price has more than doubled in last one year giving multi bagger returns to the investors. The stock remains in news on strong sales numbers seen in FY24. As per release by Godrej Properties in Q4 of FY24, Godrej Properties' bookings increased 135% YoY to exceed ₹9,500 crore.

Patel’s claim that Sharad Pawar was '50% ready to join hands with BJP in 2023' but hesitated at the last moment, the former Maharashtra Chief Minister and NCP-SCP chief on Thursday said he had been saying this for a long time, he had not gone with anyone. Earlier on Wednesday, the NCP leader claimed that in 2023, when Ajit Pawar (along with some other party members) broke ties with Sharad Pawar to become part of Maharashtra government, the Nationalist Congress Party (NCP) founder was 50% ready to join the Bharatiya Janata Party (BJP), but things could not happen because of his ‘last-minute hesitation.’ "Who went there and who stayed? From the day he is referring till today, what is the situation? Did I go anywhere? No." the former Maharashtra Chief Minister said in a press conference. "On 2nd July 2023, when Ajit Pawar and our ministers took oath with Maharashtra govt.

SC Lowy, the Hong Kong-based hedge fund, has invested in the debt of two projects recently. It had bought Rs 275 crore rupee bonds issued by Pune-based real estate developer Pharande Township and Rs 100 crore in the Srinagar-Banihal Expressway. An alternative investment fund backed by SC Lowy has invested in non-convertible debentures (NCD) in the last week of March. While Pharande NCDs do not pay any interest up to June 30, 2024 and 14% until maturity on March 31, 2026, Srinagar Banihal has offered 16% on the NCDs. The proceeds will be used for loan repayments and for working capital, a source said. In case of Srinagar Banihal Expressway Ltd, a subsidiary of Ramky Infrastructure, the proceeds from the NCDs will be used by SBEL to repay an inter-corporate deposit.

Pune Police have announced a ban on transgenders from forcefully asking for money at traffic signals and from houses. «It was noticed that transgenders and other such individuals visit houses or establishments of people on occasions such as festivals or births and forcefully demand more money than what people voluntarily offer. This notification prohibits any such uninvited visits to houses,» said Police Commissioner Amitesh Kumar, commenting on the Pune Police's decision to ban transgenders from forcefully asking for money. Kumar stated that the order, issued under section 144 of the CrPC, was a response to numerous complaints received by the police. He added that the notification prohibits any uninvited visits to houses, and any violation of this order shall be dealt with under section 188 (Disobedience to an order duly promulgated by a public servant) of the Indian Penal Code and other relevant sections.

Also Read | ‘Concerned officers should be suspended’: Supreme Court raps U'khand govt for no action against Patanjali Catalyst Service had outsourced the samosa supply to another firm, Manohar Enterprises. The police revealed that Firoz Shaikh and Vicky Shaikh, who were employees of Manohar Enterprises, had allegedly stuffed condoms, gutka, and stones into the samosas.

Kolte Patil Developers Ltd (KPDL), with a ‘buy’ recommendation and a target price of Rs 700, signaling a potential 34% upside from current levels. In reaction to the coverage, the stock jumped nearly 8% to Rs 569.

BENGALURU : Real estate developer Prestige Group clocked ₹21,040 crore worth of home sales in fiscal year 2023-24 (FY24), setting a record for the highest annual sales by any developer, amid a boom in the residential market. The Bengaluru-based firm on Monday said that sales in FY24 marked a 63% increase year-on-year, rising from ₹12,931 crore in FY23.

Samsung retailers in the rest of Maharashtra region have called for a protest in Pune against the South Korean smartphone major over uncleared dues to the tune of Rs 50 crore pending for over a year. State retailer association has raised concerns over inaction within Samsung’s teams after making commitments of clearing the pending dues which arose due to a change in guard in distributorship in the region. Samsung ended a long-standing distributor relationship with SSK, which is part of the Syska group in March 2023 in Maharashtra, appointing two new distributors — Bengaluru-based ABM Group and Kolkata-based Karuna Marketing, ET reported last year in June.

PTI. “The ship was sailing to Singapore from Indonesia. We got a call on Friday night from the shipping company's Mumbai office, saying our kid had vanished while he was on board.