City Pune Financial News

Alphabet Inc.’s Google is in advanced talks to buy a 22.5-acre land parcel in Navi Mumbai’s Juinagar for building its first-ever captive data centre in India, said people with direct knowledge of the development. California-headquartered Google is currently doing due diligence for the leasehold land parcel owned by the Maharashtra Industrial Development Corporation (MIDC). Lease rights of the plot that were originally allotted to Herdillia Chemicals are currently with Pune-based Gramercy Trade Industries. The potential deal is estimated at around Rs 850 crore given current property rates in the vicinity and MIDC’s transfer charges, said the people cited above.

Tech Mahindra, India’s one of leading IT services and consultation firms, has said that the company will be merging its wholly-owned step down subsidiary Born Group with its parent company Tech Mahindra (Americas) Inc as the respective companies have approved the consolidation on Friday i.e. March 22, 2024. “A Plan of Merger of Born Group, Inc., wholly-owned step down subsidiary of the Company with its parent company viz.

₹5,000 crore towards several CSR initiatives over five years focused on skill development, an announcement that saw the coming together of the larger Bajaj family. It unveiled ‘Bajaj Beyond’—an identity for the group’s social impact programmes.

Indian Railways has announced plans to run approximately 540 additional train services. These services will connect various key cities across the country, including Mumbai, Patna, Gaya, Katra, Varanasi, Saharanpur, Prayagraj, Pune, and Ambala. Notably, there will be extra departures from New Delhi to accommodate the increased demand. According to the Ministry of Railways, these additional trains will cover major national routes, such as Delhi-Patna Delhi-Bhagalpur

The Noida Expressway is a principal corridor harboring unlimited potential. Built with a clear purpose to decongest National Highway- 2, it establishes a direct connectivity channel between Delhi and Noida and further stretches to Greater Noida.

Mumbai region have collectively bought now-banned electoral bonds worth Rs 1,344 crore since 2019. This makes up 11% of all bonds bought in India, according to an analysis by TOI. Contributions to the political parties via electoral bonds varied from Rs 2 lakh to Rs 410 crore. The buyers include builders, pharmaceutical companies, labs, diamond firms, investment and tech companies based in Mumbai, Thane, and Navi Mumbai. Even small businesses have bought these bonds, as shown by data from State Bank of India published by the Election Commission. Many were purchased in 2019, with multiple bought on a single day. Other districts like Pune, Nashik, and Kolhapur have also made significant contributions, totaling at least Rs 218 crore. This brings the total number of purchasing firms in Maharashtra to 76. The state's share in electoral bonds was Rs 1,562 crore, around 13% of all bonds bought in India.

Holi 2024: Holi, also known as the festival of colour, is the most vibrant and eagerly anticipated Hindu festival that is celebrated across India in the Phalguna month (February or March). This year, Holi falls on March 25, and Holika Dahan is celebrated a day ahead, i.e., March 24. In India, there are some spectacular destinations for Holi where the festival is celebrated in a deeply traditional manner.

Mint. A bilateral air service agreement mandates a limit on the number of seats or flights that airlines can allocate between two countries. India currently has bilateral air service agreements with 116 countries.

Housing sales in India’s top six cities – Delhi NCR, Mumbai, Bengaluru, Hyderabad, Chennai, and Pune — have surged by 20% during the January-March period. The number of housing units sold has reached around 1,47,000 units, according to NoBroker.

aviation industry, on Monday started its commercial services. The airline's inaugural flight took off from Goa's Manohar International Airport at 07:55 am, bound for Kempegowda International Airport in Bengaluru. Additionally, on its maiden day of operations, Fly91 also successfully flew its first route to Sindhudurg from Bengaluru. FLY91 is initially flying between Goa, Hyderabad, Bengaluru, and Sindhudurg. They will later add flights to Agatti, Jalgaon, and Pune in April. They'll operate flights between Goa and Bengaluru on Monday, Friday, and Saturday, with a similar schedule for Bengaluru-Sindhudurg routes. Additionally, they'll fly between Goa and Hyderabad, as well as Sindhudurg and Hyderabad twice a week. «We at FLY91 are incredibly proud to launch our inaugural commercial flight, symbolizing our commitment to connecting India in a way that has never been done before. This inaugural flight is not just about reaching a destination; it's about taking flight with the dreams and aspirations of a nation,” said Manoj Chacko, Managing Director and Chief Executive Officer.

Hindustan Times. The entire incident was caught on CCTV camera inside Hotel Jagadamba near Indapur on the Pune-Solapur Highway. According to the police, the deceased was identified as Avinash Dhanve, a property dealer, and had multiple criminal cases against him. Police added that his murder was likely to be a fallout of a gang war.

₹86 per share. The company aims to raise over ₹25.80 crores and is entirely a fresh issue of 30,00,000 shares. Investors have the option to bid for a minimum of 1600 shares, with the opportunity to bid in multiples of this quantity.

₹130, marking a significant 57 percent premium over the issue price of ₹83 on the BSE SME platform. The IPO of Pune E-Stock Broking attracted considerable investor attention, demonstrating a subscription rate exceeding 300 times by the conclusion of the subscription period. Also read: Pune E-Stock Broking IPO allotment finalised today; latest GMP, 4 steps to check status Pune E-Stock Broking stock closed 3.18 percent higher at ₹133.18 per share on BSE on its debut day.

Lilavati Hospital are in talks with private equity investors and pension funds for its proposed Rs 4,000-crore pan-India expansion plan which entails setting up five to six multispecialty hospitals over the next five years. «We will be funding the expansion through internal accruals, and are also in discussions with PE investors, pension funds and donors,» said Prashant Mehta, promoter, Lilavati Hospital. «We will retain the controlling stake,» Mehta added. He said Lilavati is looking at both greenfield and brownfield hospitals as part of its expansion strategy. The proposed expansion will be carried out by Lilavati Foundation, a distinct and separate entity from Lilavati Hospital, Mumbai. «We believe there is still a huge potential for growth of healthcare services in India,» Mehta said. The expansion will encompass 3,000 hospital beds. Lilavati is setting up a greenfield 300-bed multi-specialty hospital in GIFT City, Gujarat with an investment of Rs 300 crore. The hospital is slated to open by 2025-end. Lilavati is also considering opening hospitals in Dharamshala (Himachal Pradesh), Noida (Uttar Pradesh), Pune (Maharashtra), and Bengaluru (Karnataka) and Guwahati (Assam), Mehta said. He said they are also looking at expanding the 319-bed Lilavati Hospital & Research Centre in Bandra, Mumbai by adding a 150-bed oncology block, which might involve acquiring adjoining property.

Festival goers were in for a magnetic new experience that was steeped in fashion and style. The evening hosted a stunning fashion show curated by maestro designer Varun Bahl and an innovative showcase called Fashion NXT Spotlight curated by Fashion Design Council of India with 9 leading Indian designers – Alpana Neeraj, Bloni, Antar Agni, Mandira Wirk, Geisha Designs, Verandah, Shweta Kapoor, Tanieya Khanuja and Nitin Bal Chauhan.

Ramadan 2024 in India: The crescent moon of Ramadan 2024 is expected to be sighted in India on Monday, March 1, which means the fasting for the holy month will begin on Tuesday, March 12. The timetable informing Ramadan 2024 fasting, Sehri, and Iftar timings comes in handy as it helps in the observance of prayers to the almighty. The Ramadan 2024 moon was sighted in Saudi Arabia on Sunday, March 10, and usually the crescent moon is sighted in Asian countries including India, a day after Saudi Arabia and the UAE.

Pune E-Stock Broking was subscribed 39 times so far on Monday, the second day of the bidding process, driven by strong retail and NII interest, whose categories were subscribed 61 times and 31 times, respectively. The IPO is entirely a fresh equity issue of 46.06 lakh shares and through the issue, the company aims to raise Rs 38 crore.

₹60,000 crore to expand the seven existing airports in its portfolio over the next 5-10 years, Karan Adani, MD of Adani Ports and Special Economic Zone Ltd, said. About half of the investment would be pumped into terminal and runway capacity over five years, and the rest would be invested in city-side development of the airports over a period of 10 years, Adani said on the sidelines of an event. These investments will be in addition to the ₹18,000 crore that the group plans to invest in Navi Mumbai airport.

airport projects, entailing a total capital expenditure of Rs 9,800 crore and includes new terminal buildings at 12 airports such as Delhi, Lucknow Airport and Pune. «Earlier, during the election season, people made announcements. No one asked them about the status of these projects...Before elections, they would come and lay the foundation stone. Foundation stones used to get lost, so would the politicians,» Modi said. «You must not look at this matter from the lens of general elections...This is a journey for development, and by 2047, I aim to make India a developed country,» he added.

Terminal 1 of Delhi Airport to the nation, the GMR-led DIAL has prepared to operationalize the revamped Terminal 1, the GMR group said. Prime Minister Narendra Modi on Sunday inaugurated 15 airport projects, including 12 new terminal buildings of almost worth Rs 10,000 crore in Uttar Pradesh's Azamgarh, marking the event to be the single biggest infra addition that will see a mix of new airports, expanded terminals, laying of foundation stones for upcoming airports and other related facilities. The project launched by PM Modi includes 12 new terminal buildings of Pune, Kolhapur, Gwalior, Jabalpur, Delhi, Lucknow, Aligarh, Azamgarh, Chitrakoot, Moradabad, Shravasti and Adampur Airports, along with laying of the foundation stone for new terminal buildings of Kadapa, Hubballi and Belagavi airports on Sunday.

₹42,000 crore in Uttar Pradesh. In addition to this, media reports have also stated that the Prime Minister is also expected to inaugurate 15 airport projects in several states. 1.