City Pune Financial News

Gold is seldom sold, goes a popular saying. Yet, many people sell off their old gold jewellery for various reasons. That includes buying newer ones that can make a fashion statement.

NEW DELHI : Covid cases continued to rise, with India reporting 628 fresh cases and one death in the past 24 hours, the Union health ministry said on Monday. The active caseload of covid-19 infections rose from 3,742 on Sunday to 4,054 showed ministry data. A death was reported from Kerala, bringing the national fatality toll to 5,33,334.

find solace in the mountains found themselves in the middle of chaos as they waited for hours in long traffic jams across the popular tourist destinations in Himachal Pradesh. The government is expecting more than one lakh tourists around Christmas and New Year, and the administration has made special arrangements for the same. The people commuting on the Mumbai-Pune Expressway faced the same ordeal as the roads remained packed with travelers out to celebrate the three-day Christmas weekend.

Ajit Pawar on Monday said that currently, there is “no alternative" to Prime Minister Narendra Modi in the country. As reported by PTI, Pawar's response came when reporters inquired about opposition parties contemplating a challenge to Modi's leadership in anticipation of the upcoming Lok Sabha polls next year.

COVID-19 cases, taking the total number of infections since the beginning of the spread of novel coronavirus to 81,72,135 nearly three years ago, said a daily bulletin by the health department. Of the fresh cases, nine were caused by JN.1, increasing the number of infections tied to the new sub-variant in the state to 10, it said. The JN.1 patients include five from Thane city, two from Pune city, and one each from a rural pocket of Pune district, Akola city and Sindhudurg district.

₹5,500 crore, on Friday, December 22. This marks the inaugural IPO from an Indian electric vehicle (EV) manufacturer and is notably the first IPO by a two-wheeler maker in India since the introduction of Bajaj Auto in 2008.

Nationalist Congress Party president Sharad Pawar on Saturday thanked and praised industrialist Gautam Adani for giving financial help for the construction of a new technology centre in Baramati, of Pune district. Sharad Pawar was addressing the gathering during the inauguration of the Robotic lab in the engineering department of Vidya Pratishthan in Baramati. The Chairman of Finolex J Power Systems Limited Deepak Chabaria was also present at the event. While addressing the gathering during the event, Sharad Pawar said that Vidya Pratishthan Institute has taken up a new project, due to technology the engineering sector is changing rapidly. It is very necessary to create a group (section) that is ready to accept these changes to move ahead. «We are building the first centre for artificial intelligence in India and the construction is underway.

Covid case tally stood at 4.50 crore (4,50,07,964). The death toll was recorded at 5,33,332 with four new deaths -- two from Kerala, one each in Rajasthan and Karnataka -- reported in 24 hours, the data updated at 8 am stated. The number of people recuperated from the disease has increased to 4,44,71,212, and the national recovery rate stands at 98.81 percent, the health ministry said.

Audio streaming platform Pocket FM's listener community is said to have surpassed 130 million globally, with over 75 billion minutes of content being streamed in 2023. As per Pocket FM's 'Rewind2023: How India Got Entertained This Year' report, the platform had more than 100,000 hours of content, with users spending over 115 minutes daily.

middle-class asset owners have begun writing their wills in late 30s or early 40s — an age bracket that doesn't necessarily spring to mind when one considers estate planning across generations. Successful individuals in this age bracket are increasingly seeking expertise and advice from lawyers and wealth management firms. The trend that began with the pandemic has now gained traction, with young professionals attaching as much importance to estate planning as they are to wealth creation. Mumbai-based virtual will writing and advisory firm, WillJini, has received about 7,000 queries in the last six months.

DreamSetGo, unveiled the first edition of its year-end sports wrap-up report — DreamSetGo’s Sports Travel Index 2023. In 2023, DreamSetGo facilitated over 7500+ sports travelers across 14 global sporting events, a 30% increase since the pandemic. This indicates an increased appetite amongst sports travel and luxury experiences, the company said.

Bain Capital-backed Emcure Pharmaceuticals has filed fresh preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The IPO comprises a fresh issuance of equity shares worth Rs 800 crore and an Offer of Sale (OFS) of 1.36 crore equity shares by promoters and existing shareholders, according to the fresh draft red herring prospectus filed last week.

₹106,155.67 per kl on 1 December, marking the second reduction in a month after a nearly 6% decrease on 1 November. Despite these cuts, prices remain over 80% higher than in 2019. This consecutive reduction offers some respite to Indian airlines, which had added a fuel surcharge in October to offset the soaring costs.

Embassy Office Parks Reit for an estimated ₹6,931.5 crore, or $833 million, through a block deal on Wednesday. As per the deal terms reviewed by Mint, the sale has a floor price of ₹310 per share, representing a discount of approximately 7.7% compared to Embassy Office Parks’ Tuesday closing price of ₹335.75 on the NSE. This marks a significant exit for Blackstone, which had been a key investor in Embassy Office Parks Reit since its initial public offering (IPO) in 2019.

general elections..," people aware of the matter were quoted as saying by ET. FirstCry is poised to become the second Indian vertical e-commerce platform to undergo an initial public offering (IPO), following Nykaa's IPO in 2021.

₹1 lakh. He is the seventh accused in the case to be granted bail.

delayed its public listing last year due to choppy market conditions, omnichannel retailer FirstCry is finally looking to file its draft IPO papers in the next few days, people in the know said. The company is aiming to raise $500-600 million at a $4-5 billion valuation, these people said.

Dunki Advance Booking: Shah Rukh Khan’s next movie Dunki, directed by Rajkumar Hirani, has witnessed a spectacular start with its advance bookings. For Day 1, it has signalled a strong performance at the Indian Box Office. The movie will be released on December 21.

In his inaugural address to the first Industrial Conference in Pune in 1890, Mahadev Govind Ranade noted that “the industry of the country is parched up for want of Capital" because after land revenue, a considerable portion of gross savings was used to hoard bullion. The lack of institutional arrangements for industrial finance meant that capital was locked up in unproductive assets and not available to India’s entrepreneurs. A century later, the German economic historian Dietmar Rothermund came to a similar conclusion.

Sharad Pawar took a swipe at his age critics on Sunday, saying that he had not grown old and still had the power to "straighten some people out." Pawar was speaking at a bullock cart race programme organised on the occasion of his birthday in Haveli taluka of Pune's rural part. Addressing the crowd, Sharad Pawar said, "I have a complaint with you people. You people often comment on my age that I am 84 years old, I am 83 years old, what have you people seen in me till now? I have not become old.

Impresario Hospitality & Entertainment, which owns restaurant brands like SOCIAL, Smoke House Deli and Boss Burger, is planning to go public in the next two to three years, according to its managing director, encouraged by the growth in the casual dining restaurant segment. The Mumbai-based food company also plans to increase its restaurants count to 100 in the next two to three years, with a revenue target of '1,000 crore by FY26, Riyaaz Amlani, Impresario's MD, told ET. While India's quick service restaurant (QSR) segment has multiple listed firms, including Devyani International, Sapphire Foods and Burger King India, the casual dining restaurant (CDR) space has only a few.