City Pune Financial News

domestic aviation space. It is the pilot shortage at Akasa, the cancelled flights, and irate passengers. Or the hikes in passenger fares following the news, within an hour.

Bank of Maharashtra (BoM) on Thursday said it has increased its marginal cost of funds-based lending rate (MCLR) for select tenure by 10 basis points. The benchmark one-year MCLR, used to price most consumer loans such as auto, personal and home, has been revised upwards to 8.60 per cent from 8.70 per cent, the lender said in a regulatory filing.

₹4.00 lakh on Annasaheb Magar Sahakari Bank Ltd., Pune, Maharashtra for non-compliance with certain provisions of RBI directions on ‘Know Your Customer (KYC) direction, 2016’, ‘maintenance of Deposit Accounts - Primary (Urban) Co-operative Banks’, and ‘income recognition, asset classification, provisioning and other related matters – UCBs’. The Annasaheb Magar Sahakari Bank had not conducted periodic review of risk categorization of accounts, besides not collecting the fixed penal charge for shortfall in maintenance of minimum balance in saving bank accounts, instead of proportionate to the extent of shortfall.

In a groundbreaking shift in the Indian real estate industry, the demand for luxury homes has outpaced that of affordable housing for the first time in India. This momentous development emerged during the July-September quarter, as revealed in a recent report by real estate consultancy Knight Frank.

Werks – Iron Mountain data centres joint venture has acquired a four-acre land in Ambattur, Chennai, to house two new data centers (CHE-1 and CHE-2) to meet growing customer demand in the region. The two data centers will be built to Tier III standards. They will support 36 megawatts of IT load, further enhancing the company’s rapidly growing pan-India footprint, which will support more than 90 megawatts of new development across the key markets of Pune, Bengaluru, Noida, Mumbai and Hyderabad. “As Chennai is one of India’s most important connectivity hubs, we are thrilled to be building capacity to meet hyperscale, network, content, public sector undertakings and enterprise customer demand,” said Mark Kidd, EVP & Global General Manager, Iron Mountain Data Centers & Asset Lifecycle Management. Chennai is emerging as one of India's fastest-growing data center markets due to its strong interconnection with Singapore and the rest of Asia.

Siemens AG, German multinational technology conglomerate plans to make India hub for mass transit solutions, company executives said today. «The $3 billion large order (from Indian Railways) that we won, will for sure accelerate component and locomotive manufacturing here,» said Peter Koerte, Chief Technology Officer and Strategy Officer, Siemens AG, adding that Siemens also has a site where it develops a lot of infrastructure solutions and wants to use India as a hub for mass transit solutions which is a huge opportunity. Early this year, Siemens signed a Rs 26,000 crore ($3.25 billion) contract with Indian Railways to supply and service electric locomotives for freight movement in India. The deal is the biggest locomotive deal in the history of Siemens Mobility and the single largest order for the company in India. As part of the agreement, Siemens will deliver 1,200 electric locomotives of high capacity 9000 horsepower (HP) and also provide servicing for 35 years to the Railways.The deliveries would be undertaken over an eleven-year period. Siemens said it has engineering capacities in India (30 factories) and wants to build and look at how it can develop this further for the region. «We already have the Pune-Hinjewadi project with the Tatas.

earlier reported by Cricbuzz that he had been admitted to a Chennai hospital. He was still under the watchful care of the hospital's medical professionals under the observation of Dr. Rizwan Khan, the designated doctor appointed by the Board of Control for Cricket in India (BCCI) to accompany the team, the publication added.

Web Werks and Iron Mountain Data Centers will invest Rs 1,800 crore to set up two data centres in Chennai. The JV has acquired a four-acre parcel of land in Ambattur, Chennai, to house these data centers (CHE-1 and CHE-2). «Joint Venture of Web Werks — Iron Mountain Data Centers will invest more than Rs 1,800 crore to develop two data centres in Chennai. The investment will be made in a phased manner and be fully operational by the mid of 2025,» Web Werks Data Centers founder and CEO Nikhil Rathi said in a statement on Monday.

ALSO READ: Udaipur - Jaipur Vande Bharat Express averts accident as driver spots stones, rod on railway tracks | Watch An iron hook has been placed on the track a little ahead of the train. At a short distance, rebars have been laid on both sides of the right track of the train.

Uppal, formerly small business owners in Chhattisgarh, are now at the center of a massive money laundering investigation related to the Mahadev online betting scheme. These two individuals transitioned from running juice and tire shops to operating a sprawling online betting empire, raising eyebrows and attracting the attention of the Enforcement Directorate (ED).

urbanisation, infrastructure development and housing affordability is expected to push growth of real estate development across key tier II cities including Bhubaneswar, Coimbatore, Indore, Jaipur, Kochi, Lucknow, Nagpur, Surat, Thiruvananthapuram, and Visakhapatnam. A joint study conducted by Cushman & Wakefield and the Confederation of Real Estate Developers' Associations of India (CREDAI), has identified 17 cities across India based on healthy traction in overall real estate development, organised retail penetration, and mature residential market development. Of these cities, the cities mentioned above have been identified as the 10 emerging cities that hold the highest potential for growth in the foreseeable future. The cities have been selected based on indicators pertaining to population, infrastructure, talent pool, income, and ease of living, among several factors. While Delhi NCR, Mumbai, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad continue to be the key 8 real estate markets, the study anticipates that these 10 tier-II are soon going to add more power to the India-growth-story. “As India continues its remarkable journey of economic growth and witnesses a higher rate of urbanization, we anticipate newer cities to fuel the future growth of the commercial real estate market.

Global Capability Centres (GCC) of multinational companies are driving demand in Pune’s office space segment. Pune has recorded the highest GCC-focused area transacted volume in the country. Hyderabad was in the second spot in GCC leasing. GCCs accounted for 2.4 million sq ft in Pune and 2.2 million sq ft in Hyderabad.

Bengaluru: A few months back, American asset manager Blackstone Inc., India’s largest office landlord with about 111 million sq ft of office space under its belt, wanted to sell half the stake it holds in two office portfolios developed by Pune-based builder Panchshil Realty and Bengaluru-based Sattva Group. Blackstone’s talks on the stake sale with GIC Pvt Ltd, Singapore’s sovereign wealth fund, fell through. In a similar story, again this year, Blackstone wanted to sell part of its stake in Embassy Office Parks REIT.

Sobha jumped 4% to the day's high of 688 on the NSE in Thursday's trade after the real estate company said that it recorded its highest-ever sales of Rs 1,724 crore for the quarter ended September 30, 2023. The sales surged 48% year-on-year (YoY), the company said in its filing to the exchanges.

Cricket enthusiasts all over the world are waiting with bated breath for the first match of the ICC Men’s Cricket World Cup, which commences today. Tech giant Google, commemorated this event with an animated doodle. The cartoon showcases two adorable ducks marching between the wickets, bats in their hand. On clicking the doodle, you will be directed towards the tournament schedule.

Also Read: ICC World Cup 2023: Zaheer Khan predicts four semi-finalists— England, India, Pakistan, Australia Meanwhile, only four teams will progress to the knockout stage, which consists of two semi-final matches and one cup final in Ahmedabad. The tournament will be played all across India, at stadiums in Ahmedabad, Mumbai, Delhi, Bengaluru, Hyderabad, Chennai, Kolkata, Lucknow, Dharamsala and Pune.

Ajit Pawar skipped the weekly cabinet meet, Maharashtra chief minister Eknath Shinde on Wednesday issued a list of new guardian ministers for 11 districts with the Ajit Pawar camp gaining 7 districts at the expense of both the BJP and the Shiv Sena (Eknath Shinde) faction. Ajit Pawar has been named as the new guardian minister of Pune while his other ministers Dhananjay Munde and Hasan Mushrif have got portfolios of key districts like Beed and Kolhapur, respectively. The decision by the Chief Minister was meant to assuage Ajit's anger who off late has been showing his displeasure. Prior to skipping the cabinet meeting on Tuesday, Pawar was absent when both Home Minister Amit Shah and BJP national president JP Nadda had come to Mumbai last month.

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₹3 lakh. He was caught in South Delhi. Along with him, Mohammad Rizwan Ashraf and Mohammad Arshad Warsi were also arrested.

Ajit Pawar on Tuesday skipped the weekly Cabinet meeting. Although officially indisposed, Ajit met NCP leaders in his house, triggering speculation that he was miffed with alliance partners BJP and the Shinde faction of Shiv Sena. The finance minister's unhappiness has been attributed to 'clipping of his wings' by fellow DyCM Devendra Fadnavis and chief minister Eknath Shinde.

Eye care chain Dr. Agarwals Eye Hospitals said it will be investing upto $150 million in next 2-3 years to almost double its network to 300 eye hospitals in India and Africa. «We are planning to open at least one eye-hospital every week, for next 2-3 years,» said Dr. Amar Agarwal, chairman, Dr. Agarwals Eye Hospitals in an interview to ET.