City Pune Financial News

Follow Delhi, NCR Air Pollution LIVE Updates The overall AQI in Mumbai was at 74 (satisfactory), it was 92 (satisfactory) in Pune and 125 (moderate) in Gujarat's Ahmedabad, SAFAR reported. In Kolkata, West Bengal, the AQI was in the "poor" category at 269, as per the Central Pollution Control Board (CPCB) data recorded as of 4 pm on Saturday. These tallies were recorded on the eve of Diwali.

Electric Vehicle policy 2023-28, which aims to create one lakh jobs and attract an investment of Rs 50,000 crore in Karnataka. Speaking at an ideation meeting with representatives of the EV sector, industries minister MB Patil said that the government would develop model EV cities across the state in Kalaburagi, Belagavi, Hubballi-Dharwad, and Mysuru to promote EV adoption. “This proposed policy aims to transform Karnataka into a pioneering force in the field of electric mobility, embracing sustainable practices and equitable growth while fostering innovation and creating a robust ecosystem for EVs,” he said. The government, he added, was also in touch with the centre’s National Highway Authority of India (NHAI) to set up electric vehicle charging stations on either side of the highway at ten major toll booths along the national highway between Bengaluru and Pune.

World Cup 2023 match at Eden Gardens Cricket Stadium, Kolkata. England vs Pakistan Kolkata ODI is a day-night match and will start at 2 p.m. It would be the 9th match of both the teams in the ICC ODI World Cup 2023.

Australia vs Bangladesh Live Score Updates: AUS vs BAN Australia have already qualified for the semi-finals against Temba Bavuma's South Africa with 12 points from 8 matches and a net run rate of +0.861. They have won 6 and lost 2 in the tournament and are third on the points table behind India and the Proteas. On the contrary, Bangladesh are in the eighth position with 4 points and (-)1.142 NRR, winning 2 of their 8 matches and losing 6.

Australia vs Bangladesh Live Score Updates: AUS vs BAN Bangladesh, currently sticking to the 8th position on the points table, will not be qualified for the Champions Trophy 2025 in Pakistan if they are not among the Top 8 in this tournament. They’d like to get 2 more points to finish the disappointing tournament, where they could win just 2 matches. Australia, on the other hand, would like to continue their winning momentum before facing South Africa in the semi-final.

Australia vs Bangladesh Live Score Updates: AUS vs BAN, Five times world champions Australia take on Bangladesh at the Maharashtra Cricket Association Stadium in Pune from 10:30 am onwards today. The two teams have had drastically different World Cup campaigns so far with the Bangladeshi Tigers losing all of their matches after the first encounter against Afghanistan with the exception of victory in the last game against Sri Lanka.

The average annual rental yield in cities like Mumbai and Bengaluru has jumped up to 20% since 2019. According to the latest Anarock Research data, Bengaluru has the highest rental yield of 4.35% as of September 2023 end. It was just 3.6% in 2019, showing a jump of over 20% in the last five years.

Q2 result: Apollo Hospitals Enterprise that reported performance for the quarter ending September, also announced its expansion plans. Apollo Hospitals Enterprise announced a 250-bed new hospital in Pune (expandable to 425 beds in 2 years) at an overall cost of ₹675 crores. The Hospital is expected to be commissioned by Ql FY25.

Mahindra Lifespace Developers, the real estate and infrastructure development business of the Mahindra Group, has decided not to undertake a joint development on a nearly 5-acre land parcel in Mumbai’s western suburb Dahisar owing to significant delays in fulfilment of certain conditions precedent. The company had finalised the terms for this project in October 2021 and the development was estimated to provide around half a million sq ft of carpet area. The terms of this joint development were subject to conditions precedent including regulatory clearances and approvals for effective development of the land parcel in a timely manner. “In the best interest of the company, owing to significant delays in fulfilment of certain conditions precedent, the same shall be discontinued and shall not be pursued,” the company said. Mahindra Lifespace Developers recently acquired 5.38 acres of land in Wagholi locality of Pune. The land is estimated to have a development potential of over 1.5 million sq ft of saleable area. For the quarter ended September, the company has recorded pre-sales of Rs 455 crore for 0.68 million sq ft saleable area in its residential business. The company has a healthy pipeline of business development with Gross Development Value {GDV) of over Rs 5,000 crores, Amit Sinha, Managing Director & CEO, Mahindra Lifespace Developers told investors during its September quarter earnings call. The company has multiple launches coming up in the second half of the current financial year.

Modi Stadium Ahmedabad. South Africa vs Afghanistan Ahmedabad ODI is a day-night match and will start at 2 PM. It would be the 9th match of both the teams in the ICC ODI World Cup 2023.

BENGALURU , MUMBAI : Home rental costs in Bengaluru, Hyderabad and Pune rose as much as 30% in the last nine months as tech companies brought staff back to offices, and are expected to rise another 10-12% in the year ahead, Anarock Property Consultants said. Tata Consultancy Services (TCS) and Wipro have asked their employees to attend office thrice a week, while Infosys wants them in roughly 10 days a month. HCL’s senior management must attend office thrice a week, while junior to middle order are on work from home mode but nudged to come to office more.

Housing rents continue to soar across top 7 cities, led by leading IT/ITeS hubs Bengaluru, Hyderabad, and Pune. According to latest ANAROCK Research data, among top 7 cities, residential rentals in Bengaluru’s prominent areas soared by over 30% in the first nine months of 2023 (9M 2023).

Apollo Hospitals, Enterprise, India's largest private healthcare provider on Thursday said it will be investing Rs Rs 3435 crore on expanding its bed capacity. Apollo said it will be adding 2300 beds across 8 locations to its network over the next three financial years. The capacity expansion will be met through internal accruals and debt financing, the company added. The new expansion will mainly come in West, East and North India, where Apollo is strengthening its foothold. Apollo is traditionally dominant in the South. As part of the expansion plan, the company announced a 250-bed new hospital in Pune expandable to 425 beds in 2 years at an overall cost of Rs 675 crores.

Royal Philips, the Dutch health technology company on Thursday announced the launch of its new innovation campus in Yelahanka, Bengaluru. The 650,000 square feet campus will accommodate over 5,000 professionals working on innovative health technologies aimed at improving patient experiences, achieving better health outcomes, improving staff experiences, and lowering the cost of care. With approximately 9,000 employees across India, Phillips has established a strong presence in the country with Healthcare Innovation Center in Pune, Global Business Services in Chennai, and commercial teams in Gurgaon. The new center in Bengaluru not only signifies a landmark in Philips' global footprint but will also play a pivotal role in revolutionizing the healthcare landscape in India and beyond, the company said. “This new campus is a testimony of our commitment to further building our capabilities in India and leveraging the same for customers globally,” Roy Jakobs, CEO Royal Philips. “In India, we not only want to speed up access to care but also locally develop and contribute to solutions for the rest of the world,” Jakobs added. Philips is trying to leverage India's deep-rooted expertise in healthcare innovation and informatics.

₹24,600 per month by 2022-end to ₹28,500 per month by September-end 2023. At Sarjapur Road, average monthly rents increased from ₹24,000 per month in 2022-end to ₹30,500 per month in September 2023". Also read: Tax implications for non-residents selling ancestral property in India Besides Bengaluru, housing rents have soared in other metropolitan cities including Hyderabad, Pune, Delhi and Mumbai.

Mumbai-Pune Expressway today for six hours, from 11am to 5pm. As per a TOI report, this restriction is due to construction work being carried out by the Mumbai Railway Vikas Corporation Ltd on the Panvel-Karjat suburban rail corridor. Assistant Police Inspector Yogesh Bhosale told TOI that traffic will be diverted at the Panvel exit to travel along the old Mumbai-Pune highway (NH48) via Karanjade and reach Kalamboli circle before heading towards Mumbai.

IPG Mediabrands, the media and marketing arm of the $11 billion American advertising firm Interpublic Group, sees India as the top priority market considering the transformational work happening here for both local and overseas clients, said its global CEO Eileen Kiernan. “The kind of transformation that we’re trying to drive out of India right now, it is our number one priority. India is now our number two talent business in the world, behind the United States,” she told ET. She said the company’s India unit has built a brilliant combination of scale and growth, along with a quality digital and tech talent base. “When we think about our future, we know we can rely on India for ongoing growth, but we see India as an incredibly strategic part of our vision for how we move forward,” said Kiernan. IPG Mediabrands is building a centre of excellence in Pune which will be the hub for serving advertising clients from around the world and will comprise 3,000 professionals in the next three years.

Kaynes SemiCon, a 100% subsidiary of Kaynes Technology, is investing Rs 2,850 crore in a facility in Hyderabad for outsourced semiconductor assembly and testing (OSAT), with automatic test equipment (ATE) and a reliability testing line, chief executive Raghu Panicker said. The groundbreaking ceremony for the facility that will have 13 lines for OSAT, and one each for ATE and reliability testing was held recently.

The luxury housing segment in India, comprising units priced at Rs 4 crore and above, maintained strong sales momentum in the Jan-Sep’23 period, registering a 97% Y-o-Y increase, according to CBRE’s ‘India Market Monitor Q3 2023’ report.

England vs Netherlands Live Score Updates: ENG vs NED, Buttler and Co. take on a resurgent Netherlands side at the Maharashtra Cricket Association stadium in Pune.

World Cup redemption. However, there is another issue. England are at the risk of losing out on the Champions Trophy 2025, to be held in Pakistan.