City Pune Financial News

Top developers are entering new markets for residential projects, as rising urbanization and an expanding middle class fuel a housing boom. Developers are exploring opportunities particularly in cities such as Hyderabad, Pune, Bengaluru and Gurugram that have seen high sales. Mumbai-based Godrej Properties Ltd this week acquired 12.5 acres in Hyderabad’s Rajendra Nagar locality to develop a premium residential project, marking its entry into the city.

₹3,296 crore. Like-to-like consumption was softer, up 5%. This can be partially due to the usual quarterly shift in the festive season.

Assam government has announced that 'Kaji Nemu' (citrus lemon) has been recognized as the state fruit of Assam. Assam Chief Minister Himanta Biswa Sarma stated, «Our government has decided to declare Kaji Nemu (Citrus Limon) as the State Fruit of Assam. With its unique aroma and antioxidant properties, Assam lemon has enriched our local cuisines. With today’s announcement, it is set to shine on the global fruit map, boosting self-dependency and production.»

autorickshaw drivers of Ola and Uber have threatened to go on strike in Pune and Pimpri Chinchwad from this February 20. They are demanding revised cab fares to be implemented Keshav Kshirsagar, president of the Indian Gig Workers Front and Baghtoy Rickshawala auto union, said the companies are still to revise cab fares as set by the regional transport authority (RTA) on Jan 3. He announced plans for a significant demonstration at the Pune regional transport office (RTO) on February 20, followed by a cessation of Ola and Uber cab operations until revised fares are enforced. Additionally, autorickshaws associated with these companies and other app-based aggregators will also suspend services, with only metered autorickshaws remaining operational.

NEW DELHI : Pune-based Serum Institute of India (SII) plans to expand the annual production capacity of the quadrivalent human papillomavirus (HPV) vaccines to around 70 million doses, starting this year, according to a company spokesperson. The company’s plan to expand the vaccine production capacity from 2-3 million doses currently aligns with the government’s efforts to introduce the HPV vaccine against cervical cancer for girls aged 9-14 years, as announced in the interim budget by finance minister Nirmala Sitharaman. “Currently, SII has a production capacity of around 2-3 million doses for the Cervavac vaccine.

Ansari is meeting his fans in Pune, about 90 miles south of Mumbai. He’s selling the dream of stock market riches to India’s fast-growing cadre of small investors. With half a million social media followers, he’s pushing an especially risky strategy: trading stock options, often as all-or-nothing bets on future share prices.

Shirdi, which could result in a surge in ridership as a result. This announcement was made during his participation in the inauguration of the refurbished Mela Bus terminus of the Maharashtra State Road Transport Corporation (MSRTC) in Nashik. Originally, the Nashik-Pune semi-high-speed rail project intended to traverse Nashik-Sangamner-Pune, spanning a distance of 235 km, with an estimated cost of Rs 16,000 crore. The Nashik-Pune semi-high-speed rail project is being implemented by Maharashtra Rail Infrastructure Development Corporation Limited, a joint venture between the Government of Maharashtra and the Ministry of Railways. The alteration in the route to include Shirdi adds an additional 30 km to the Nashik-Pune route. Fadnavis explained that discussions with Railway Minister Ashwini Vaishnaw revealed that the initial route would escalate project costs substantially due to extensive tunneling requirements, a challenge alleviated by the new route.

Student accommodation platform Amber has raised $21 million in its first round of institutional funding, led by Mumbai-based private equity firm Gaja Capital. The round comprises $18.5 million in fresh equity and the remaining in venture debt from Lighthouse Canton and Stride Ventures.

A post shared by Being Pune Official (@beingpuneofficial) Some on the social media platform dubbed it “Aurora Mosquitolis" while others offered conspiracy theories to underscore the seriousness of the matter. “These may be genetically modified mosquitoes dropped, just like the ones dropped by Bill gates in Florida.

During the event, when asked about her recent interest in investing in startups, Namita Thapar said, “So my father is a first-gen entrepreneur, and we run Emcure Pharmaceuticals. We're going to go public in 3 months so watch out for that big IPO."

₹9 crore as per early estimates. As per Sacnilk.com report, the film minted ₹9.50 crore on Day 2 with this taking the total collection to ₹16.20 crore net in India. Speaking of overseas collections, the film is Shahid Kapoor's biggest opener overseas grossing over $700k [and counting], including premieres, Film trade analyst Taran Adarsh said on 10 February.

NDA likely to get 300 seats in north, INDIA block strong in south: Opinion Poll Television visuals showed BJP workers mobbing the car at Khandoji Baba Chowk and vandalising it, resulting in the vehicle's windscreen and side panes getting damaged. Bharat Ratna 2024: India's top civilian award conferred on 5 eminent persons Wagle managed to reach the venue of the event under police protection. Addressing the 'Nirbhay Bano' event, Wagle said, "I forgive all those who attacked me.

The real estate sector is observably one of the most fragmented sectors in the country, engaging a large workforce and contributing around 7% to Indian GDP. Metro cities such as Mumbai and Delhi-NCR are gaining maximum traction due to being a hub for businesses. However, compared to other competitive metro markets, Hyderabad is set to become the most promising real estate destination in the country. As per a recent industry report, Hyderabad, along with Mumbai and Pune, will be driving growth in the real estate sector in 2024. The following are some of the key factors that will propel the city’s real estate to the next level in 2024.

Mint. Jungle's investment in Walko Food is estimated to be more than $7 million, one of the people said. However, Mint was not able to procure the size of the investment in TAE.

Delhi continued to assert its dominance in India's cryptocurrency adoption landscape, maintaining its lead in terms of the value invested. This was followed by the IT hubs Bangalore and Hyderabad. Recent data from CoinSwitch report reveals that Delhi boasts the highest percentage of cryptocurrency investors in the country. However, the phenomenon extends beyond Delhi's borders, with other cities like Hyderabad, Pune, and Jaipur also witnessing a surge in crypto adoption.

Microsoft CEO Satya Nadella has urged more than a thousand Indian computer code developers to use the company’s artificial intelligence tools being deployed across its products

Mint explains how the rental story may play out: Residential rents have seen a remarkable turnaround post-pandemic. Last year, average monthly rentals in parts of the top 7 cities soared over 30%, according to Anarock Property Consultants. Bengaluru saw the steepest rise, with high demand due to the ‘back to office’ mandate by firms, and low supply of ready projects.

Mindspace Business Parks REIT has leased office spaces spread over 4.5 lakh sq ft in the quarter ended December, taking its cumulative leasing for the nine months of the current financial year to 1.6 million sq ft. The REIT has witnessed a robust trend of expansionary demand with over 80% of the new and pre-leasing by existing occupiers across various sectors. Of the total fresh leases, it has re-leased 4 lakh sq ft office space at a 17.1% higher rent during the quarter.

Pune district on Sunday morning, the police official said. According to senior police officials from Pimpri Chinchwad Police station of Pune district, the victim is identified as Vandana Dwivedi who is from Lucknow and had traveled to Pune after being called by her boyfriend residing in a hotel room.

700 grapplers, representing all affiliated state units except Punjab and Odisha, will participate in the Senior National Championship in Pune from Monday, the suspended Wrestling Federation of India (WFI) said on Saturday. The national body was suspended by the Sports Ministry on December 24, just three days after it held its election for violating its own constitution after it announced to host the 2023 age group nationals in Gonda, UP in last week of December.

Strata, a tech-enabled platform for fractional investments in commercial real estate, is in the process of acquiring 700,000 square feet of commercial real estate valued at around Rs 700 crore by the end of the current financial year. The firm is in active discussions to acquire multiple assets across Bengaluru, Pune, Mumbai, Ahmedabad, and other cities. «In the last 12 months, the firm acquired nearly 900,000 sq ft of office space across Mumbai, Bangalore, Pune, and Jaipur, valued at around ?584 crore,» said Sudarshan Lodha, co-founder & CEO of Strata. The acquisition also includes 53,000 square feet of commercial assets in Pune for fractional ownership. The new investment opportunity is leased out to India's largest flex working space, has a 5-year lock-in and lease, and is expected to offer a gross entry yield of 9.1% with a total IRR of 13.1%. Strata is aiming for assets under management of Rs 2,000 crore by the end of 2023-24. It surpassed its AUM of Rs 1,300 crore and aims to expand its presence in western states such as Maharashtra, Rajasthan, and Gujarat.