City Pune Financial News

Also Read: SEBI asks MCX to keep commodity derivative platform launch in ‘abeyance’ NSE said that 45% of the new 1 crore unique PAN based investor registrations came from beyond the top 100 cities. States from Northern part of India accounted for 43% followed by West with 27%, South by 17% and East by 13% towards the last 1 crore new investor registrations.

Housing sales rose 36 per cent year-on-year to a record 1,20,280 units across seven major cities during the July-September period on robust demand amid stable mortgage rate, according to Anarock. Housing sales stood at 88,230 units in the year-ago period across the seven major cities. Releasing the data, real estate consultant Anarock said average housing prices across the seven cities grew 11 per cent annually in the July-September period this year.

river interlinking projects, designed to address the country's increasing droughts and floods, may inadvertently worsen water stress and disrupt monsoon patterns, according to a study published in the journal Nature. The research used several techniques, including regional climate models and reanalysis data, to shed light on the intricate web of hydro-meteorological consequences that could be unleashed by these massive infrastructure projects. The researchers, including those from Indian Institute of Technology (IIT) Bombay and Indian Institute of Tropical Meteorology (IITM), Pune incorporated atmospheric variables, accounting for common drivers such as the El Nno-Southern Oscillation (ENSO).

RedboxGlobal India on 27 September. Apart from the World Cup 2023, the tenure also coincides with the seasonally strong 3Q for the hospitality industry and the same is likely to benefit both hotels and airlines sectors (including IHCL, and Indigo) in 3Q, said the firm. In the 46 days, 48 matches will take place in 10 different cities in India, where 10 countries are participating.

CBRE. Bangalore, Delhi-NCR and Mumbai are among the top 3 cities spearheading green-compliant office spaces with a cumulative share of 68% of the total, green-certified office stock in India.

The price of tomatoes in Maharashtra has plummeted from around Rs 200 per kilogram just a month ago to as low as Rs 3-5 per kilogram, leaving tomato growers in the state grappling with significant losses and few options. This sudden decline in prices was triggered by an unexpectedly high tomato yield, catching everyone involved in the sector off guard,, the Times of India has reported today. As per the report, many farmers are either abandoning their tomato crops or are destroying their produce, as they cannot even recover half of their investment.

BENGALURU : Delays in completing real estate projects have somewhat declined, latest data shows. In achieving this, the implementation of the Real Estate (Regulation and Development) Act, 2016 or RERA has played a key role. Mint explains: Around 86% of residential projects (1,409 projects) launched between June 2017 and 2018-end, after the implementation of RERA in May 2017, are completed.

Maharashtra Deputy Chief Minister Ajit Pawar took a firm stand in the NCP (Nationalist Congress Party) name and symbol war on Monday. After attending various pandals of Lord Ganesh in Pune he pledged to accept the «final» decision of the Election Commission of India regarding the NCP's name and poll symbol. «However, it is the Elections Commission (EC) which makes a final decision.

flexible office space in India are seeing demand outstrip supply as companies expand rapidly and adopt hybrid work models to offer better work-life balance. In recent transactions, companies including Microsoft, EY, DE Shaw India, Coforge, Shell, Groww, and Air India have leased substantial office space through managed office providers to facilitate operational expansion. In the period spanning Q1 to Q2, Google acquired 4,000 seats in Bengaluru, while Mastercard leased 1,000 seats in Navi Mumbai and EY secured 2,400 seats in Pune. “The adoption of enterprise seats closely aligns with the widespread acceptance and adoption of the managed space and the overall flex model,” said Neetish Sarda, founder of Smartworks, a managed workspace provider. “We have around 8 million sq ft of space under management and are in the process of closing another million square feet spread across multiple geographies.

Morgan Stanley has offloaded stake in Gurugram-based hotel operator SAMHI Hotels, which debuted on the exchanges on Friday. SAMHI Hotels listed at a mild premium of 8% on the NSE over its issue price. However, the stock rallied and closed at Rs 146 per share on the NSE, which is 16% higher than the IPO price of Rs 126. According to bulk deals data available with the exchanges, Morgan Stanley, through its various funds, sold a combined shares of 64.6 lakh. It is unclear how much stake in the company these shares amounted to as the shareholding pattern was not yet available with the exchanges. Post the listing, analysts recommended investors to book profits, mainly because of poor financials in the last three financial years. For the year ending March, the company's revenue from operations more than doubled to Rs 738 crore.

iPhone 14 and iPhone 14 Pro on the platform last year, Zomato-owned quick grocery delivery platform Blinkit on Friday said that they again partnered with Unicorn, Apple premium reseller to deliver the latest 'Make-in-India' iPhone 15 and iPhone 15 Plus at your doorsteps if you live in Delhi NCR, Mumbai, Pune and Bengaluru. iPhone 15 and iPhone 15 Plus are now officially going on sale in India, including on the Blinkit platform. Blinkit customers will be able to avail no-cost EMI, low-cost EMI and cashback up to Rs 5,000 on eligible HDFC cards.

Oyo has added nearly 2,800 corporate clients during the January-July 2023 period, up 11.75% year-on-year (YoY), according to a report from the company titled 'Oyo Business Travel Trends Report 2023'. The report suggests the company recorded a 20% revenue growth from business travel in January-July 2023 against the year-ago period.

₹58,730 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 58,778, and a low of ₹58,729. Around 9.20 a.m., MCX Gold for October 5 delivery traded 0.08 per cent lower at ₹58776 per 10 grams.

Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters. A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communique from the discom seen by PTI. The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said. The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said. Letter of Awards have been issued to the successful firms, as per the communique. Officials from Adani Group were not immediately available for comment. The group's transmission arm Adani Energy Solutions, which was earlier known as Adani Transmission, is active in the smart meter segment. According to sources in the know, with these wins, Adani Group will emerge as the largest smart meter supplier in the country, commanding a 30 per cent share of the market.

Candlelight Concerts to India, kicking off with performances in tribute to Taylor Swift’s greatest hits, Vivaldi’s Four Seasons, British bands Queen and Coldplay, as well as the Japanese composer Joe Hisaishi. The expansion into the region comes on the heels of the experience’s success, having delighted audiences in more than 150 cities worldwide, including New York, London, Madrid, Singapore and Tokyo.Audiences who would like to be the first to know about the local venues and music programs kicking off the series can sign up on each city’s page at feverup.com.

Everest Fleet has raised Rs 50 crore (around $6 million) from private equity firm Paragon Partners, as it looks to accelerate growth and expand into new markets. The equity investment into Everest Fleet has come just a month after it raised an undisclosed amount of debt from mid-market-focused alternative investment fund Arka Credit Fund I, by issuing non-convertible debentures.

₹59,3155 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 59,315, and a low of ₹59,004. Around 10:05 a.m., MCX Gold for October 5 delivery traded 0.60 per cent lower at ₹59050 per 10 grams. Silver price today opened slightly higher at ₹72,970 per kg on MCX and went on to hit an intraday high of ₹72,970, and a low of ₹72,195.

BL Kashyap rallied over 6% to Rs 57 in Wednesday's trade on BSE after the company secured a new order aggregating to approximately Rs 167 crore, from the Delhi International Airport. The order is for the construction of structural works and other finishing works and is to be executed in 18 months. The company's total order book, as of now, stands at Rs 3,005 crore, excluding GST. Earlier in July, the firm had secured a Rs 369 crore order from DLF Home Developers. In June, it also secured an order aggregating Rs 147 crore from Nzuri Pune Knowledge Park Private Limited. At 11.02 a.m., the scrip was trading 1% higher at Rs 55.

MUMBAI — NCC is one of the largest listed construction companies in India in terms of revenue, with a well-diversified portfolio comprising buildings, transportation, water and environment, irrigation, electrical (T&D), mining and railways.

₹59,222 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 59,240, and a low of ₹59,222. Around 9.10 a.m., MCX Gold for October 5 delivery traded 0.07 per cent lower at ₹59240 per 10 grams.

Reliance Jio on Tuesday launched its fixed wireless access (FWA) device — Jio AirFiber — in eight cities — Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, Mumbai and Pune, just over a month after rival Bharti Airtel introduced its own device in two cities, as both telcos make initial attempts at monetising their 5G services. «Our extensive fiber-to-the-home service JioFiber, already serves over 10 million customers...With JioAirFiber, we are expanding our addressable market to rapidly cover every home in our country with similar quality of service,» Akash Ambani, chairman of Reliance Jio, said in a statement. A fixed wireless device uses radio frequencies instead of cables/fibres to provide fixed broadband access, using technologies like 5G. Simply put, these are portable broadband devices, much like dongles but with better coverage and speeds. The Jio AirFiber service has been launched with multiple plans ranging from 30 Mbps speeds to 1000 Mbps speeds, all available in blocks of six months and 12 months, the telco said in the statement. The plans are available in two buckets — Jio AirFiber and Jio AirFiber Max.