City Pune Financial News

Backed by strong residential sales and collections from customers, property developers are not utilising credit lines sanctioned by their lenders including banks, housing finance companies and non banking finance companies (NBFCs) for construction finance .

warehousing demand across the top five cities was recorded at 17 mn sq ft of gross leasing in the first three quarters of 2023. Despite a relatively slower growth during H1 2023, leasing activity picked up in Q3 2023, registering a 55% QoQ growth.

Maharashtra: Training aircraft crashes near Gojubavi village in Pune, 2 injured Hoteliers have expressed concerns over the recent rise in excise license fees imposed by the state government, which has added to the overall cost of liquor for consumers, the report said. They are of the belief that this policy shift could have a significant impact at a time when states are competing to generate revenue and attract tourists. They added that the rise in VAT for liquor consumed within bars may lead customers to seek more affordable alternatives.

₹5 lakh for not following environmental safety rules during construction in New Delhi, PTI reported. In a statement on Saturday, Godrej Properties said that its subsidiary, Godrej Vestamark LLP, was served this penalty on October 16 under the Delhi Municipal Corporation Act 1957.

training aircraft met with an accident during a training session near Gojubavi village in Pune district, Maharashtra. Fortunately, no injuries or casualties have been reported so far.

Akasa Air flight travelling from Pune to Delhi was diverted to Mumbai for an emergency landing, after a passenger onboard claimed that there is a bomb in his luggage, the airline officials said on October 21. The incident took place in the wee hours of the day, shortly after the flight took off from Pune. However, after landing at the airport, the bomb threat was found to be a “hoax", officials added.

industrial and warehousing demand in the city increased to 1.8 million sq ft in Q3 2023 from 0.5 million sq ft in the year-ago period. The city was followed by Mumbai, where the demand increased by 128 percent from 0.5 million sq ft last year to 1.2 million sq ft. Pune registered a moderate growth of 22 percent as the demand increased to 1.6 million sq ft from 1.3 million sq ft a year-ago.

In the third ball of the 42nd over of the chase, Virat Kohli came down the pitch, took the ball on the full from Nasum Ahmed and launched it into the stands over midwicket to seal a comfortable India win, and a century. With four wins in as many games, India are now on track to romp into the semifinals even if this is early in the tournament. When Kohli walked out to bat, on the day, India were already well placed at 88 for 1.

In the pulsating heart of India’s real estate market, a distinctive trend is reshaping the landscape – the surge in demand for sustainable luxury properties. This surge is not merely a market fluctuation; it’s a response to the conscientious desires of homebuyers, both domestic and international. In the wake of rising disposable incomes, an inclination towards opulent living, and the rapid urbanization of Indian cities, the Indian luxury real estate market is experiencing an unprecedented boom.

₹1.5 crore prize in online gaming was suspended due to alleged misconduct, reported HT. Somnath Zende shot to fame after winning on a fantasy sports platform. He was serving in the Pimpri Chinchwad police was found to have breached the code of conduct by engaging in online gaming activities and discussing it with the media, stated a police official.

Brigade Enterprises has concluded the acquisition of a 9.72-acre land parcel in Hyderabad, with the transaction valued at about '660 crore. The acquisition came in the backdrop of an agreement made in August, when the company agreed to purchase the land in Neopolis area at a rate of '68 crore per acre through an e-auction conducted by the Hyderabad Metropolitan Development Authority.

Lalit Patil, the main accused in a multi-crore drug racket who escaped from judicial custody on October 2 while taking treatment in a Pune hospital. Patil's escape had led to the Maharashtra government facing allegations that its ministers from the Shiv Sena were involved in protecting Patil and that the state was turning into another Punjab. Patil was arrested by the Mumbai police from Chennai on Tuesday night and was brought to Mumbai.

Tech giant Google Inc has picked up office space spread over an entire floor in Blackstone Group-owned Nucleus Office Parks' commercial tower Fintech One at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar to set up its global fintech centre. The company's Indian arm, Google India, has picked up office space from Nucleus Office Parks through a long-term lease of 10 years, including an initial term of five years and an option to extend it for five additional years. In a virtual interaction on Monday, Prime Minister Narendra Modi welcomed Google's plans to open its global fintech operations centre at GIFT City. Sundar Pichai, CEO of Google and Alphabet, apprised Modi of Google's plans to work on strengthening financial inclusion in India by leveraging UPI. Pichai, through a social media post, thanked the Prime Minister Modi for a «terrific» meeting to discuss Google's ongoing commitment to India. ET's separate email queries to Google, Blackstone and Nucleus Office Parks remained unanswered until the time of going to press. Fintech One is a 20-storey commercial office tower with a typical floor plate spanning over 22,000 sq ft.

₹3,800 crore for the transaction, one of the two people cited above said on the condition of anonymity. Aquapharm’s owners are looking to raise ₹4,000 crore- ₹4,400 crore from the stake sale, the two people said. Others in the fray for the Pune-based company include Tata Chemicals Ltd and RP-Sanjiv Goenka Group company PCBL Ltd.

Movin, a joint venture between UPS and InterGlobe Enterprises, on Monday, started operations by introducing the second fleet of Electric Vehicles (EV) for its first and last-mile deliveries in Bengaluru, said the brand through its press release. The first fleet was rolled out in Delhi NCR earlier this year. EVs will soon be deployed in Mumbai, Chennai, Hyderabad, Kolkata, and Pune by the end of 2023 as part of its plan to reduce carbon emissions and to align with its long-term sustainability goals, said the company in its statement.

Appa Balwant Chowk: The road leading to Appa Balwant Chowk from Budhwar Chowk will be closed to traffic, allowing one-way traffic from Budhwar Chowk to Appa Balwant Chowk. An alternative route is available via Ama Chowk and Shivaji Road.

TCS: A nearly six-month-long probe into the bribes-for-jobs scandal at Tata Consultancy Services Ltd has resulted in crucial suggestions for hiring reforms, along with the sacking of the former head of its resource management group. On Sunday night, TCS disclosed to the exchanges that it had sacked 16 employees and blacklisted six staffing firms. E.S.

₹11,520 crore and 120 properties in the top seven cities including Mumbai, Pune, and Chennai. The Department of Investment and Public Asset Management (DIPAM) said, in response to the pre-bid queries from prospective asset valuers of IDBI Bank, that the bank has as many as 68 properties in Mumbai, 20 in Pune, nine in Chennai and seven in Ahmedabad. Besides, it has six properties in Kolkata and five each in Delhi and Hyderabad.

IDBI Bank that the lender has deferred tax assets of Rs 11,520 crore and 120 properties in the top seven cities including Mumbai, Pune, and Chennai. In response to the pre-bid queries from prospective asset valuers of IDBI Bank, the Department of Investment and Public Asset Management (DIPAM) said the bank has as many as 68 properties in Mumbai, 20 in Pune, nine in Chennai and seven in Ahmedabad. Besides, it has six properties in Kolkata and five each in Delhi and Hyderabad. “The intangible on the balance sheet of IDBI Bank primarily comprises deferred tax assets of around Rs 11,520 crore,” DIPAM said. Deferred tax asset commonly refers to overpayment of tax by an entity.

NH7 Weekender kicks off this December on the lush green lawns of Pune, there will be the usual song and dance, and three days of partying. One new thing festival-goers will encounter: a lot of gentle nudging to save the planet. "Sustainability isn't something that's nice to have; it's a mandate.

₹3,000-3500 per month, Baboo's determination led him to sports as a career. His mother's insistence led him to Jawahar Navodaya Vidyalaya (JNV), where he developed an interest in long-distance running. After facing challenges in marathons and developing knee pain, he shifted to race walking on the advice of coach Pramod Yadav.