City Pune Financial News

Sindhu Gangadharan, senior vice president and managing director of SAP Labs India has been appointed as vice chairperson of IT industry lobby group National Association of Software and Service Companies (nasscom). The announcement comes a week after Cognizant India's chairman and managing director Rajesh Nambiar, chairman and managing director was named as its chairperson. He was succeeding Anant Maheshwari, former president, Microsoft India, in the role. This means Gangadharan will assume the top chairperson role in the next cycle.

Nipah virus infection to be behind the two “unnatural deaths” reported from a private hospital in Kozhikode. Chief Minister Pinarayi Vijayan on Tuesday said that the state government is viewing the two “unnatural deaths” reported from Kozhikode very seriously. The chief minister advised people to exercise caution and said there was no reason to worry as those who were in close contact with the deceased were under treatment. The first death took place on August 30 and the second death on Monday. The health department workers have been asked to keep a close vigil in their areas. As a precautionary measure, the Health Ministry has also directed for an isolation facility in Kozhikode Medical College. The samples have been sent to Pune Virology Lab. Earlier in Kerala there was a Nipah virus outbreak in the Kozhikode and Malappuram districts in 2018 and later in 2021, a case of Nipah virus was reported in Kozhikode.

upcoming Cricket World Cup 2023 has been building up for some time. Fans across India are hoping that ‘conservative’ India can lift the trophy after 12 years on home soil. India triumphed over Sri Lanka in the 2011 Cricket World Cup.

New Delhi: Air India on Monday said that it has deployed specially trained service assurance officers at 16 major Indian airports to offer on-ground assistance, aimed at elevating airport experience by providing personalised and hassle-free on-ground services to Air India to its passengers. “Flying is a wonderful experience, and we want our guests to enjoy it in the most seamless ways possible.

SAMHI Hotels will open on Thursday, September 14, for subscription and closes on Monday, September 18. The public issue of face value of Rs 1 per equity share comprises a fresh issuance of equity shares worth Rs 1200 crore and an Offer for Sale (OFS) of up to 13.50 million equity shares. SAMHI Hotels has fixed the price band at Rs 119 to Rs 126 per equity share for its maiden public offer. Investors can bid for a minimum of 119 equity shares and in multiples of 119 equity shares thereafter. Ahead of the IPO, Madhuri Madhsudan Kela, along with Nuvama Crossover Opportunities Fund and TIMF Holdings have picked up stake in Gurugram-based SAMHI for a total consideration of Rs 130 crore from Blue Chandra Pte Ltd. As per disclosures made by SAMHI last week, selling shareholder, Blue Chandra Pte.

Despite rising property prices and interest rate hikes in the last one year and more, demand for mid-range and premium homes remains high. The ANAROCK Consumer Sentiment Survey (H1 2023) indicates that at least 59% of the 5218 survey participants will buy mid-range and premium homes (priced from Rs 45 lakh to Rs 1.5 crore). This is a 10% sentiment increase for homes in this budget category over the survey’s H1 2020 edition.

Small-cap stock under ₹50: IRB Infrastructure Developers shares have been in uptrend after ushering in financial year 2023-24. After bottoming out at around ₹22.50 apiece levels on NSE at the end of March 2023, this toll management company's stock has remained an ideal buy on dips stock for positional investors. In near six months, this small-cap stock below ₹50 has rise to the tune of 55 per cent whereas in last one month, it has risen around 35 per cent.

JLL India. Real estate consultant JLL India on Monday released its report 'India Retail: Evolving to a new dawn' that highlighted the operational retail real estate space in shopping malls stood at 89 million square feet. The operational retail stock as of H1 2023 in the top seven cities (Delhi-NCR, Mumbai, Pune, Bengaluru, Kolkata, Chennai, and Hyderabad) stands at 89 million square feet as of June-end this year. Out of the total retail stocks in malls, Delhi NCR has the maximum 28 million square feet, followed by Mumbai with 17 million square feet and Bengaluru 14 million square feet. «The physical retail space segment has an expected supply pipeline of over 38 million sq ft of retail developments between H2 2023 and 2027, across the top seven cities,» JLL said.

Awfis Space solution has added 11 new properties totaling 8,000 seats across major markets in South India as it looks to strengthen its foothold in the growing flexible and managed office space in the country. The firm has signed prime properties across Bengaluru, Hyderabad, Chennai, and Kochi with the region contributing around around 45% of the company's portfolio. Amit Ramani, CEO and Founder, Awfis, said, «The region presents numerous opportunities through its expanding real estate landscape. This expansion aligns with our strategic approach to target emerging business hubs, offering an enhanced workspace experience through our diverse range of products and services.

Maharashtra deputy chief minister Ajit Pawar Sunday said an all-party meeting has been convened in Mumbai on Monday to discuss the Maratha quota issue, reported PTI. Several people from the Maratha community were rich but many were poor and needed help, Ajit Pawar said while addressing a rally in Kolhapur nearly 380 km from Mumbai. "While giving the reservation to the Maratha community, it must be ensured that Other Backward Classes are not affected.

Andhra Pradesh Crime Investigation Department (CID) has brought to light a complex web of deceit surrounding former Chief Minister N Chandrababu Naidu. The CID alleges his pivotal role in a staggering Rs 370-crore skill development scam. Let's dive into the intricate series of events that led to these startling accusations.Deceptive MOU The tale begins with the approval of a seemingly innocent Memorandum of Understanding (MOU) by the Skill Development Department.

John Maczynski, CEO of Cynergy BPO, leaned forward, “We're on the cusp of a revolution. It's not merely about answering calls or processing data. It's the amalgamation of cutting-edge technology with deeply rooted Indian traditions of service and hospitality." Indeed, one can't help but marvel at how the landscape has evolved.

Jawan has set the record for the highest opening day of all time for an original Hindi movie, clocking ₹65 crore on Thursday. The Atlee-directed film has beaten the record set by Khan’s own Pathaan which had mopped up ₹55 crore when released this January.

Phoenix Mills Ltd is poised to benefit from a combination of favourable factors. Subsiding monsoon, long weekends and upcoming festival season are seen as near-term drivers for urban consumption at malls. This should aid healthy ramp up at the company’s Citadel Indore and Palladium Ahmedabad malls, which were opened in FY23.

https://www.purvashare.com/queries/ - Log in to Basilic Fly Studio IPO allotment page - https://www.purvashare.com/queries/ - Choose IPO Name ‘Basilic Fly Studio‘ from the drop-down menu bar. - Pick one of all three options to check the status: Application No, Demat Account, or PAN. - Click on the 'Search' button.

₹ 59043 per 10 gm on Multi Commodity Exchange (MCX). MCX Gold for October 5 delivery went on to hit an intraday high of 59056, and a low of ₹59017.

Jupiter Life Line Hospitals saw a steady response from investors on the first day of the bidding process. The issue, which closes on September 8, was subscribed 46% so far. The non-institutional investors category was subscribed 60%, while that of retail investors was subscribed 66%.

medical education reported PTI. This reservation policy has been put into immediate effect and is set to benefit students who have successfully cleared the NEET examination and have completed their education from government schools starting from standard one.

₹66.35 crore from this initial offer. Data on NSE shows retail individual investors subscribed 84.5 crore shares of the company while qualified institutional buyers (QIBs) bought 13.53 crore shares of the company in the IPO out of which foreign institutional investors(FIIs) bought 4.99 crore shares of the company and domestic financial institutions bought 1.66 crore shares. The remaining shares (6.88) in the QIB segment were bought by 'others'.

₹261 crore from anchor investors ahead of its Initial Public Offering (IPO) that opens for subscription today, Wednesday. The company on Tuesday said it decided to allocate 35.47 lakh equity shares to 39 entities at ₹735 apiece, which is also the upper end of the price band. Singapore Government, Abu Dhabi Investment Authority, Goldman Sachs, Fidelity Funds, Nomura, HDFC Mutual Fund (MF), Nippon India MF, Axis MF, Kotak Mahindra MF, Aditya Birla Sun Life MF, SBI Life Insurance Company and HDFC Life Insurance, are among the anchor investors.

Tata Power Renewable Energy Ltd (TPREL) will set up a 12 megawatt (MW) on-site solar project at Tata Motors' commercial vehicle manufacturing facility in Maharashtra. In a statement, TPREL said it has already signed a power purchase agreement (PPA) with Tata Motors in this regard. «Tata Motors and Tata Power Renewable Energy Limited (TPREL) have entered into a PPA to develop a new 12MWp on-site solar project at Tata Motors' commercial vehicle manufacturing facility in Pune,» the statement said. The project will generate 17.5 million units of electricity per annum mitigating over 12,400 tonnes of Co2 per annum. «Signing of 12MWp PPA with Tata Motors underlines our critical step forward on the shared goals for a sustainable future.