City Pune Financial News

₹665 crore) from Teachers’ Venture Growth (TVG), the late-stage investment arm of the Ontario Teachers’ Pension Plan (OTPP). The firm said it would use the fresh capital to drive growth and support its management team's ambitions. “We believe the logistics sector is at the cusp of technological disruption and this is the right time to expand service offerings to address the growing needs of businesses and consumers," said Amitava Saha, founder and chief executive officer at Xpressbees.

Pune and Chennai at 4% and Ahmedabad with a 3% growth in six months were markets with the most growth, showed a Knight Frank India study. Total 23 million sq ft space transacted in the first half ending September across the top eight markets represents a 10% on-year drop in volume.

World Cup 2023. Bangladesh are in the 9th position with 2 points in the World Cup 2023 team table whereas Sri Lanka are in the 7th position of the table with 4 points. In their first match, Bangladesh defeated Afghanistan by 6 wickets (with 92 balls remaining) at HPCA Stadium, Dharamsala on October 7, 2023.

Pune-based Bank of Maharashtra (BoM) has led the pack of public sector banks in India with a robust growth in deposits and advances during the second quarter of the current fiscal year. This follows its strong performance in Q1, where it posted about 25% growth.

₹50-60 crore to develop its stores, Chandni Nath Israni, co-founder and managing director of the CK Israni Group, told Mint. At present, the company has four stores, three of which are in Delhi-NCR. It will launch its Mumbai outlet at Jio World Plaza soon, and expects the next phase of growth to come from Mumbai, Kolkata, Bengaluru and Pune.

Curated Living Solutions has acquired a student housing asset spread over 1.5 acre within the NSHM Knowledge Campus in West Bengal’s Durgapur. This student housing facility with around 1 lakh sq ft built-up structure has a total 766 beds. The deal marks Curated Living Solution’s first brownfield venture in the student housing vertical and has started operating from November 1. International property consultant JLL facilitated this transaction between Curated Living Solutions and NSHM Academy. Curated Living Solutions is looking to partner with colleges and universities across India to provide customised housing facilities to students.

Apart from a boom in standalone restaurants, there's a surge in marriages, parties, ceremonies, outdoor catering and corporate events as well as a proliferation of cloud kitchens. All that has led to a spike in demand for restaurant and catering chefs, said industry executives and restaurateurs.

Follow our LIVE coverage here According to a numerical model-based system developed by the Indian Institute of Tropical Meteorology, Pune, stubble burning contributed to 25 percent of the PM2.5 pollution in Delhi on November 2, with expectations of this figure rising to 35 percent on November 3, as per PTI. The Centre's Commission for Air Quality Management (CAQM) reported a substantial decrease in stubble-burning incidents in Punjab and Haryana between September 15 to October 29.

Marg station recorded severe air quality with an AQI of 451. The concentration of PM2.5 exceeded the safe limit of 60 micrograms per cubic metre by a 7 to 8 times across various locations which can trigger respiratory and health problems.

Provident Housing Ltd (PHL), a wholly-owned subsidiary of Puravankara Ltd, is in talks with HDFC Capital Advisors to raise more than Rs 1,000 crore to finance its growth plans. The proposed fundraise will be in the form of equity and the money will be used to build mid-income homes in the southern markets of Bangalore, Chennai, and Hyderabad, and to enter new markets. “Both the partners are in active discussion, and the fundraise is likely to be concluded over the coming quarters, depending on the terms of the deals.

World Cup 2023 match at Ekana Cricket Stadium, Lucknow. The Afghanistan vs Netherlands Lucknow ODI is a day-night match and will start at 2 p.m. It would be the 7th match of both the teams in the ICC ODI World Cup 2023.

Dr Lal PathLabs on Thursday reported a 53% year-on-year (YoY) jump in net profit to Rs 111 crore in the second quarter ended September 30, 2023, led by improved volumes and measured price increases of diagnostic tests. Dr Lal PathLabs reported a Rs 72 crore net profit during the corresponding period of the previous year. Revenues rose 12.6% to Rs 601 crore in Q2FY24, compared to Rs 534 crore in Q2FY23. Earnings before interest, tax, depreciation, ammortisation (EBITDA) rose 23.6% YoY to Rs 178 crore. The EBITDA margins improved 270 basis points YoY to 29.6%. As on March 31, 2023 the company has 277 clinical laboratories, 5,102 Patient Service Centers (PSCs) and 10,938 Pick-up Points (PUPs). “We are seeing a healthy and steady rise in DLPL’s revenue growth trends both in value and volume terms.

Centre for Sustainable Development (CSD) will be hosting a Sustainable Leadership Summit in Bengaluru on Saturday, marking the 20th anniversary of the organisation. The summit will also adopt the ‘Bengaluru declaration on Acceleration of Sustainable development goals (SDG).’ Chairman of CSD A Ravindra said the Bengaluru declaration would chart a future course of action towards sustainable development for all stakeholders including government, industry, NGOs and the youth for sustainable development.

Air pollution linked to higher incidence of type 2 diabetes: Report With a persistent smog blanketing Delhi for the third consecutive day, many parts of the city recorded their air quality in the 'severe' zone on Thursday. Scientists have warned of a further spike in the national capital in the coming days due to the surge in farm fires and unfavourable weather conditions.

NDTV. The mosquito that was discovered to be infected was one of the many specimens gathered throughout a statewide campaign. Results were released on October 25.

Maratha reservation protestors burn tyres on the Pune-Bengaluru highway near Navale bridge in Maharashtra's Pune city on Wednesday. Police have booked approximately 400-500 people. 1) Internet services have been suspended in Chhatrapati Sambhajinagar district – both rural and urban areas – of Maharastra on Thursday, November 2 in connection with the Maratha reservation protest.

World Cup 2023 match at Wankhede Stadium, Mumbai. The India vs Sri Lanka Mumbai ODI is a day-night match starting at 2 p.m. It would be the 7th match of both the teams in the ICC ODI World Cup 2023.

Crisil Ratings said in a note. Large enterprises are increasingly embracing cloud solutions, which is fuelling the surge in demand for data centres, the agency said, adding that rising usage and adoption of Over-The-Top (OTT) platforms is driving up retail data consumption. It said mobile data traffic alone has risen at an annual rate of 45 per cent over the last five years.

Shapoorji Pallonji Real Estate on Wednesday said it has launched two housing projects in its 200 acre-township in Pune and is expecting a revenue of around Rs 1,500 crore from them. In a statement, the company said it is developing a 200 acre-urban development project 'SP Kingstown' in Pune's Hadapsar Annexe.

Birlasoft has reported a 26 per cent increase in profit after tax (PAT) to Rs 145 crore for the September 2023 quarter. It had reported a PAT of Rs 115 crore in the same period last year, the Pune-headquartered company said in a regulatory filing on Tuesday.

Maratha quota agitation which took a violent turn in some parts of the state. Since the last few days, incidents of violence were witnessed in many parts of the state. The State-run bus services have been completely suspended in five Marathwada districts while curfew and Internet shut-down have been imposed in parts of Beed where the houses of political leaders were targeted by protesters.