City Pune Financial News
24.03 / 12:55
markets
Citi
Platform
Mobile
beautiful
electronic
reports
Swiggy Instamart to begin delivering smartphones in 10 major cities
Quick commerce platform Swiggy Instamart on Monday said it will now deliver smartphones in 10 major cities. According to the platform, these cities include Bangalore, Delhi, Mumbai, Chennai, Faridabad, Noida, Gurgaon, Kolkata, Hyderabad, and Pune, with plans to expand to more cities. The smartphone brands available include the iPhone 16e, Samsung M35, OnePlus Nord CE, and Redmi 14C. Quick commerce platforms have been continuously expanding their offerings by partnering with brands and introducing products that were previously sold on ecommerce platforms. Rivals Zomato-owned Blinkit and Zepto are also offering electronics and phones, in addition to items such as fashion, accessories, beauty, and personal care products.
23.03 / 12:05
23.03 / 11:05
markets
Citi
economy
Election
trends
reports
Housing sales dip by 23% in Q4 FY25 : Report
According to NSE-listed data analytics firm PropEquity, Housing sales in Q1 2025 stood at 1,05,791 units as compared to 1,36,702 units in the same period last year. In 2024, the sale saw a marginal 9% decline in sales at 4,70,899 units while new supply fell by 15% to 4,11,022 units on the back of two quarters of under-activity due to General Elections and monsoon.
22.03 / 03:09
markets
Citi
FIVE
Sustainability
trends
cover
reports
EV insurance demand surges 16x in just 3 years, Delhi-NCR leads with 18.3% market share: Report
Policybazaar. The private sector insurer said in a report that the share of insurance policies for EV cars, which stood at a mere 0.50 per cent in FY23, has expanded to 14 per cent in March 2025, standing at 8.2 per cent Observing the evolving trends, Amit Chhabra, CBO of General Insurance at Policybazaar said, «The accelerating adoption of EV insurance signals India's shift toward sustainable mobility. With EV insurance share growing nearly 16-fold in just three years, consumers are not only adopting electric vehicles but also recognizing the need for tailored protection.»
21.03 / 12:41
markets
Citi
Analysis
trends
show
Destinations
Pune records over 19,000 property registrations, Rs 712 cr stamp duty revenue in February
real estate market recorded 19,012 property registrations during the month of February 2025. On a yearly basis, registrations remained steady, with a modest 1% year-on-year growth while on a month-on-month analysis registrations increased by 9%, showed data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. Pune’s housing demand continues to be supported by ongoing infrastructure development, its relative affordability compared to other major cities, and strong homebuyer sentiment. The city generated over Rs 712 crores in stamp duty collections from property registrations in February, marking a 7.6% on-year and 12% sequential rise. This increase in stamp duty revenue was driven by a higher share of transactions involving properties priced at Rs 1 crore and above.
20.03 / 09:31
Art
awards
WhatsApp
information
Sculptor Ram Sutar to get Maharashtra Bhushan award: CM Devendra Fadnavis
Ram Sutar has been chosen for Maharashtra Bhushan, the state government's highest civilian award, Chief Minister Devendra Fadnavis informed the legislative assembly on Thursday. Sutar, who turned 100 last month, is a Padma Bhushan awardee and has designed the Statue of Unity which is the world's tallest statue with a height of 182 metres. Fadnavis said the decision to honour Sutar with the highest civilian award of the state was taken unanimously by a committee headed by him on March 12. «He is a centenarian but is still working on the Ambedkar statue at the Indu mill memorial project in Mumbai,» he said. The award comprises Rs 25 lakh and a memento. Sutar, who works with his son Anil, has been associated with many major projects like the Statue of Unity, the 251-metre tall statue of Lord Ram at Ayodhya, 153-feet high statue of Lord Shiva in Bengaluru and a 100-feet tall statue of Chhatrapati Sambhaji Maharaj at Moshi in Pune.
20.03 / 05:37
markets
UPS
Citi
Provident
Hyundai
Want to buy a premium hatchback? Here's how much you'll have to wait for every hatchback
Upcoming cars in India)Maruti Suzuki offers the Baleno while facing competition from Hyundai's i20 and the i20 N Line. Tata Motors presents the Altroz and its sportier variant the Altroz Racer.
19.03 / 15:15
markets
FIVE
CEO
WhatsApp
trends
performer
CEAT looks to strengthen play in premium car tyre segment
CEAT Ltd is seeking to strengthen its play in the premium ultra-high performance and luxury four-wheeler segment that is expected to significantly grow in the next three to five years, company MD and CEO Arnab Banerjee said on Wednesday. The company, which launched three new products ZR-rated, CALM Technology and Run-Flat tyres, is preparing itself to address an emerging trend in the premium 17-inch plus tyre segment, he told PTI. «The saliency of this segment is about 8-10 per cent today in the aftermarket and it is going to grow much faster than the rest of the market. It could be as high as 25-30 per cent in three to five years time,» Banerjee said. The launch of ZR-rated tyres, CALM Technology and Run-Flat tyres, strengthens CEAT's position as a premium, technology-driven brand, he added.
19.03 / 14:15
markets
FIVE
Parke
wellness
Prologis
country
Interviews
The world’s largest warehouse firm re-enters India with a $500 million purse
Subscribe to enjoy similar stories. Bengaluru: US-based Prologis Inc., the world’s largest owner of warehouses, plans to invest around $500 million in India by 2026 to build a large portfolio of warehousing parks in the country. The company could double its investment in India in the 5-7 years following the initial $500 million outlay, chief investment officer Joseph Ghazal said in an interview.
18.03 / 00:47
markets
UPS
Provident
Aware
security
country
Starlink readies road for India’s strong connectivity
Starlink may offer massive satellite connectivity — a few terabytes per second of data throughput — in India, with a large amount of it already in place and can be provided immediately to customers once all the necessary approvals are obtained, people aware of the details told ET. The Starlink capacity is expected to be 80-90 times more than that of rivals Eutelsat OneWeb or Reliance Jio-SES, which could offer only 30-50 gigabits per second (Gbps), the people said. The Elon Musk-owned satellite communication company plans to set up three gateways — in Mumbai, Pune and Indore — and one point of presence in Mumbai to cater to the India market, they said. While gateways act as a bridge between a satellite and the terrestrial communication network, transmitting data between the two, the point of presence is also a key pillar for the network, though much smaller in size and scale.
17.03 / 13:17
Man
Fighting
Remark
President
social
Courts
Supriya Sule’s scathing attack on Dhananjay Munde: ‘Feel it’s better that the party got split’
Nationalist Congress Party Leader Dhananjay Munde, Supriya Sule said that she felt that it was better that the party had split as she could not bear to work with Munde. «Sometimes I feel it was better that the party got split. Because if I had remained in the party then I could not have remained (in the party)… The world knows about my stand. The man who can plant a gun in his wife’s car, who is the mother of his children, I can’t work with such a man,” said Sule while addressing party workers in Pune on Sunday. Sule, the National Working President of the Sharad Pawar faction of the Nationalist Congress Party claimed that the fight in the NCP leadership began over expelling people like Munde. She further added, “The fight (in the party) began since then, I am revealing all this now. I am not afraid of anyone.”said Sule. While Sule did not name Munde, it is no secret as to who she was referring to as Munde’s estranged second wife Karuna Munde was arrested in September 2021 in Beed by the police who claimed that they had recovered a gun from the car. Sule’s remarks against Munde are significant as in social media there have been images circulating of an unidentified man placing an object in Karuna Munde’s car when she was in Beed to campaign against Munde.
16.03 / 18:51
markets
Citi
Platform
Strategy
Parke
stage
Blackstone strengthens India strategy with foray into housing property market
Blackstone Group is foraying into India’s rapidly growing housing property market, marking a strategic shift after leading the country’s commercial property space, with clear focus on the mid-income and premium segment of the market to begin with, said persons familiar with the plan. While the global alternative asset management firm has already established itself as India’s largest office and logistics landlord, and expanded aggressively into data centers, the proposed acquisition of listed company Kolte Patil Developers, marks its first big bet on housing market. «The plan goes beyond investment to building execution and development capabilities, with no capital constraints for growth. Previously, assets were acquired and consolidated, as seen with Nucleus Office Parks, Horizon Industrial Parks, and Nexus Select. In contrast, the strategy for housing focuses on establishing the platform first and then adding assets,» said one of the persons mentioned above.
16.03 / 09:47
UPS
Food
PepsiCo
trends
country
innovations
Profiles
Potential in snacks & packed food business, innovating portfolio for Indian taste: PepsiCo
Jagrut Kotecha said. Pepsico will expand its snacks business in India, as consumption is very low vis-a-vis other countries and with growing urbanisation and more money coming in the pockets with a growing economy, Kotecha expects consumption of packed foods to increase. PepsiCo, the makers of Kurkure and Lays, has internally divided India into nine clusters to match the regional taste buds of «multiple Indias», he said, adding «if you say it's just one India, I think we are not doing enough justice to it.» «You need to design your portfolio, keeping those consumers of India like multiple Indias. So that's on being consumer-centric and starting to work and drilling down on that. And then understanding what the trends are in terms of taste, profile, health and wellness,» Kotecha told PTI.
15.03 / 11:47
Remark
Highways
Justice
electronic
travelers
Courts
rights
'This policy is here to stay': Bombay HC rejects plea challenging NHAI's implementation of FASTag
Bombay High Court has upheld the mandatory use of FASTag, the electronic toll collection system, and the imposition of double toll fees for vehicles without it. The court dismissed a public interest litigation (PIL) filed by Pune resident Arjun Khanapure, challenging the National Highways Authority of India's (NHAI) directive, which mandates that vehicles without FASTags pay twice the regular toll fees. Chief Justice Alok Aradhe and Justice Bharati Dangre, in their ruling on Thursday, emphasized that the implementation of FASTag is a well-considered policy decision aimed at ensuring efficient and smooth road travel. «The system of FASTag, introduced in 2014, is here to stay,» the judges remarked, stating that there was no legal basis to intervene in the Centre's policy, which is being carried out by NHAI. Khanapure had filed the PIL after NHAI's circular in February 2021, which made it mandatory for all vehicles to use FASTag to pass through toll plazas. He had urged the court to keep at least one toll lane for hybrid payment options, such as cash.
15.03 / 11:47
WhatsApp
voice
Sharad Pawar urges PM Modi to install statues of Maratha Empire warriors in Delhi
Sharad Pawar has urged Prime Minister Narendra Modi to permit installing three horse-mounted statues of Peshwa Bajirao I, Mahadji Shinde and Malharrao Holkar at the Talkatora Stadium. The area around Talkatora Stadium holds immense importance in the military campaigns launched by the Maratha Empire against the Mughals in the 18th century. Pawar said a Pune-based NGO had planned to install busts of Bajirao, Shinde and Holkar at the Talkatora Stadium, but litterateurs and historians have weighed in favour of equestrian statues of the three warriors. «However, many literary figures and well-wishers have voiced the sentiment that full-sized equestrian statues would be a more fitting tribute to their valour and contribution,» he said in a letter to Modi. Pawar said as Talkatora Stadium falls under the jurisdiction of the New Delhi Municipal Corporation (NDMC), he was seeking the prime minister's intervention in directing the Government of Delhi and NDMC to grant the necessary permissions for installing full-sized equestrian statues.
15.03 / 11:47
COST
Citi
security
Analysis
show
country
Realty firms buy nearly 6,000 acres land during 2022-24 for Rs 90,000 cr to build projects
Real estate developers have acquired 5,885 acres land during 2022-24 for Rs 90,000 crore to build projects amid strong demand for housing and commercial assets, according to JLL India. Real estate consultant JLL India data showed that real estate developers bought 1,603 acres of land in 2022 for Rs 18,112 crore, 1,947 acres in 2023 for Rs 32,203 crore. During 2024, the land acquisition by developers touched 2,335 acres costing Rs 39,742 crore. During the 2022-24 period, real estate developers bought 5,885 acres for Rs 90,057 crore.
14.03 / 09:43
markets
UPS
WhatsApp
rights
Blackstone to buy 40% in Kolte-Patil Developers for Rs 1,167 cr, triggers open offer
Blackstone is set to acquire a 40% equity stake in realtor Kolte-Patil Developers in a deal valued at over Rs 1,167 crore including the company’s preferential allotment of shares and stake sale by controlling shareholders. The board of directors of Kolte-Patil has approved a preferential allotment of shares to Blackstone entity BREP Asia III India Holding Co VII, raising approximately Rs 417 crore from the global investment firm. Under the preferential issue, Kolte-Patil will allot over 1.26 crore equity shares at Rs 329 per share to BREP Asia III, giving the investor a 14.3% stake in the company post-issuance, the Pune-based developer said in a regulatory filing.
12.03 / 07:03
Citi
Booking
Platform
Enterprise
trends
MakeMyTrip
travelers
Every sixth corporate flyer last year was a woman, survey says
This data, sourced from a survey by myBiz, the SaaS-based corporate booking platform of MakeMyTrip, sheds light on gender representation in corporate travel. The analysis, which covers flight bookings made by nearly 3,000 corporate clients with more than 200 employees and an annual travel expenditure exceeding ₹1 crore, reveals valuable insights into corporate travel trends across sectors and cities.
11.03 / 16:02
Manufacturing
Action
Research
students
country
Vaccines
India, vaccine superpower; manufactures 60% of global supply: ICMR former chief
vaccine superpower with Covaxin's development and now produces 60 per cent of the world's vaccines, said Prof Balram Bhargava, former Director General of the Indian Council of Medical Research (ICMR), the agency that led the country's Covid-19 response. The Padma Shri awardee delivered a keynote address at BRIC-Rajiv Gandhi Centre for Biotechnology (RGCB) on Tuesday on the theme 'Accelerate Action' as part of RGCB's Women's Day celebration. «Sixty per cent of the world's vaccines are now manufactured in Pune and supplied globally. In 2021, we exported vaccines to more than 100 countries, underscoring our potential in vaccine research and development,» Bhargava said in an RGCB press release. Vaccine development-from funding to preclinical studies, clinical trials, laboratory research, and physiological studies-has been implemented seamlessly with government support. A National Task Force comprising 40 scientists from various research domains was formed to act swiftly in times of crisis, he noted.
11.03 / 11:36
Provident
Waters
Healthcare
outbreak
reports
infection
Investigations
GBS syndrome: Minister says 224 cases reported in Maharashtra
Prataprao Jadhav told the Rajya Sabha on Tuesday. The investigation indicated that the most likely precursor of GBS in the population group is prior infections caused by campylobacter, Jadhav said in a written reply to a question. The Central technical team was deployed on January 2 comprising experts from the National Centre for Disease Control (NCDC), National Institute of Mental Health and Neuro Sciences (NIMHANS) and National Institute of Virology (NIV), Pune on site to study the pathogens and outbreak. Majority of cases have been reported from specific clusters in Pune, with additional cases in Nanded, Jadhav said. These areas have been mapped for epidemiological investigation. The study was focused on identifying the exact source of the outbreak, with a thorough examination of water supply systems, sources of water, and other relevant factors, he said. «The investigation indicated that the most likely precursor of GBS in this population group is prior infections caused by Campylobacter,» he stated.
latest developments in city Pune
What is the current situation in city Pune?
In city Pune, the spotlight is on major events that spark public discussion.
Where can I find reliable news about city Pune?
We publish reliable reports about the situation in city Pune, based on information from regional journalists.
What shapes the media agenda in city Pune?
The news landscape of city Pune is shaped by major cultural and social events, reflecting its local way of life.