City Pune Financial News

Maharashtra on Sunday recorded 131 fresh COVID-19 cases after testing 12,405 samples at a positivity rate of 1.05 per cent, the state health department said. No fatalities are reported. A day earlier, the state had logged 172 COVID-19 infections.

Mumbai Trans Harbour Sea Link: All you need to know The engineering marvel will take off at Sewri in south Mumbai, crossing over Thane Creek and terminating at Chirle in the distant outskirts of Navi Mumbai. It has been in the making since 2018. Originally expected to be completed in 4.5 years, the infrastructure project was delayed by eight months due to Covid-19 pandemic.

NCP president Sharad Pawar on Saturday said the then prime minister Manmohan Singh was sensitive towards farmers and had visited Amravati in Maharashtra after learning about suicide committed by some agriculturists, but now nobody is bothered about their issues. He was addressing a gathering on the occasion of the culmination of Shetkari Aakrosh Morcha in Pune city. The foot march set out from the foothills of Shivneri Fort in Pune district on Thursday was led by NCP (Sharad Pawar faction) MP Amol Kolhe.

affected flights, Air India's AI 850 from Pune to Jaipur, originally scheduled to depart at 20:55, faced a delay with a new estimated time of departure (ETA) at 22:38. Similarly, flight 9I 696, operating from Ahmedabad to Udaipur, was delayed from its initial departure time of 15:55, now expected to take off at 21:05. Flights to and from Goa's airport were also affected, with SpiceJet's SG8212 experiencing delays.

Despite hardening property prices and home loan interest rate hikes in early 2023, it has been a superlative year for Indian residential real estate. Latest ANAROCK Research data indicates that housing sales in the top 7 cities have created a new peak in 2023, breaching the previous high of 2022.

The EMI (Equated Monthly Instalment) to income ratio for households has improved in 2023 after the brief decline in affordability in 2022, according to Knight Frank India’s proprietary Affordability Index.

Maruti Suzuki, Hyundai and Honda are ‘most-trusted’ brands among used car buyers While grey, and red were the preferred colours among Spinny buyers. The data also revealed that Bengaluru, Delhi-NCR, and Hyderabad were the cities with the highest demand for used cars in 2023.

Maratha quota activist Manoj Jarange on Thursday said he and his supporters would reach Mumbai after passing through Ahmednagar, Pune and Panvel in Raigad district near the metropolis. Jarange, who undertook indefinite fasts in August-September and October-November, had set a deadline of December 24 for the Maharashtra government to give quota to the community. Later, he said he would lead an «indefinite hunger strike at Azad Maidan» in south Mumbai.

Among the top seven areas, Hyderabad saw the highest increase of 42% in the average price of premium homes in the five-year period. The price rose from Rs 7,450 per sq ft in 2018 to Rs 10,580 per sq ft during the first half of 2023. Bengaluru and MMR recorded the second-highest average price hike in this segment at around 27% each. In Bengaluru, the average price of a luxury home stood at Rs 10,210 per sq ft in 2018. Since then, the average price rose to Rs 12,970 per sq ft. In MMR, the average price in the luxury segment was Rs 23,119 per sq ft in 2018. It jumped to Rs 29,260 per sq ft at the end of the first six months of 2023.

Brainbees Solutions, parent of omnichannel retailer FirstCry, has filed its draft red herring prospectus (DRHP) to raise Rs 1,816 crore issuing fresh shares besides an offer for sale of more than 54 million shares. This is the second Indian vertical ecommerce company to have filed for going public after Nykaa listed on the local bourses in 2021.

Zomato Ltd, on December 28, announced that it has received show cause notice (SCN) from theGoods and Services Tax (GST) office for supposed tax liability of ₹401.7 crore, in addition to interest and penalty on the delivery fee collection from its customer from the period of 29 October 2019 to 31 March 2022. "Please note that Zomato Limited (‘the Company’) has received a show cause notice (‘SCN’) on 26 December 2023 under Section 74(1) of the Central Goods and Services Tax Act, 2017 from the Directorate General of GST Intelligence, Pune Zonal Unit.

MUMBAI , BENGALURU : Promoter feud at Pune-based Finolex Cables Ltd has led to the rejection of two directors, making it the second public company in recent times where such discord led to the rejection of board members. Over 93% of promoter votes were cast against the resolutions ratifying the appointment of Achyut Dhadphale as non-executive non-independent director and Kshtija Wadatkar as non-executive independent director, voting data from a stock exchange disclosure showed. Orbit Electricals Pvt.

Covid cases in the country are unlikely to play party pooper for large-scale New Year's Eve celebrations as there are no crowd curbs for December 31 so far, hoteliers and restaurateurs said. Celebrations and parties are being planned as usual and there is no capping in terms of numbers, the people cited above said. Maharashtra has extended timings for food and beverage licensed establishments till 5 am in areas such as Mumbai, Navi Mumbai, Thane, Pune, Pimpri Chinchwad, and Nagpur. «The bookings look very promising so far.

₹486 crore from ₹79 crore in FY22, reports said. The company’s revenue from operations during the financial year 2022-2023 increased 135% to ₹5,633 crore from ₹2,401 crore in FY22 led by strong demand. Its ROCE stood at -7%, while EBITDA margin was at -2%.

media reports. Currently, the state has 34 cases of JN.1 variant. While speaking to news agency ANI, Karnataka Health Minister Dinesh Gundu Rao has that the government is well prepared and nothing is "alarming." "430 cases are active out of which 400 are in home isolation and the remaining are in hospital.

NEW DELHI : The ministry of earth sciences plans to set up two high-performance computers (HPCs) in Noida and Pune to enhance weather forecasting accuracy, in the face of shifting weather patterns leading to increasing instances of extreme rainfall. “None of the weather prediction models anticipated the 90cm rainfall witnessed in the Kayalpatnam municipality in Thoothukudi district of Tamil Nadu last week. Prediction of weather in tropical regions is difficult because of dynamic changes it undergoes in comparison to weather in higher latitudes," earth sciences secretary M.

EKA Mobility has formed a strategic partnership with Japan’s Mitsui & Company and Netherlands-based VDL Groep to manufacture electric buses and light commercial vehicles in the country. As per the agreement, Mitsui and VDL together will invest $100 million (approx Rs 830 crore) in EKA Mobility for ‘significant’ minority stakes. The resources will be utilized to scale up research and development and enhance manufacturing capacity. EKA Mobility, which commissioned a production unit in Pune earlier this year, plans to scale up production capacity to roll out 5000 electric buses and 6000 light commercial vehicles per annum in the first phase.

Mumbai, Pune and Hyderabad will be the driving forces in the Indian residential real estate sector’s anticipated continued growth in 2024, according to Housing.com. Its latest report highlights these cities as the epicentres of intensified market activity, poised to significantly shape the sector’s narrative in the upcoming months.

Bharat Electronics, a Navratna PSU under the Ministry of Defence, Government of India, jumped 5.5% to hit a new all-time high of ₹184.50 apiece in today's trade after the company received orders worth ₹678 crore. In today's exchange filing, the company said it had signed a contract for a value of ₹445 crore with the UP government for the next-generation UP Dial 112 project.

Sunil Bohra, Group CFO & CEO, UNO Minda, says “we are expecting to build a land bank in each of the auto regions. We already bought around 86 acres of land in Pune, in Maharashtra, we are working to acquire land in Gujarat, in Haryana and also in Tamil Nadu. So overall, in addition to Rs 700-800 crore of capex, we might be spending somewhere around Rs 500 to 600 crore on land in next six to nine months.” Let us talk about the new plant that you are putting up because it is an entry into seat recliners for four-wheelers and the passenger vehicle space. What about the new products that you will start manufacturing there? What is the revenue potential that you foresee? Sunil Bohra: So, the new plant, which we have just commissioned in Gujarat, is for a mechanism for seat recliners, not even the full recliners. When we entered into a JV with Tachi-S, which is the global major in seating, PV seating, our endeavour was to move into seating business step by step. We already are present in the seating business through Harita seating, which we acquired two years back. We are already in two-wheeler seating, CV seating, off-road seating, but we are not in a big way in PV seating. So, that was the background for the joint venture with Tachi-S.

Christmas weekend, the Saimal to Dasturi section of the Mumbai-Pune national highway witnessed the burning of clutch plates in over 100 cars, with a similar fate befalling more than a dozen vehicles on the Dheku village stretch of the Mumbai-Pune expressway. The incidents occurred during the holiday rush, spanning from Friday evening to Sunday night, a TOI report stated. To manage the aftermath, towing vans from the highway safety patrol were deployed in the ghat section to clear the Pune-bound carriageway.