City Pune Financial News
05.09 / 17:01
Career
country
500
Access Healthcare to hire over 1,500 professionals in next 2 months
Fresh graduates will also be hired for call centre jobs, it said. Currently, Access Healthcare has 22,272 employees at its six centres in the country — Chennai, Coimbatore, Mumbai, Pune, Noida, and Thiruvananthapuram. The new recruitments are for all centres, it added. «This expansion underscores our commitment to leading the healthcare sector into a future defined by technological excellence,» Access Healthcare Founder and Vice Chairman Vardhman Jain said. Every hire is a strategic stakeholder in the company's vision, and the professionals will get opportunities to learn, develop, and grow in their careers, he added.
05.09 / 14:49
UPS
IPO
Booking
Platform
country
blues
IPOs
SMAHI Hotels, Motisons Jewellers get Sebi nod to float IPOs
Sebi to raise funds through an IPO. In Sebi's parlance, a final observation letter is equivalent to approval. SAMHI Hotels had filed preliminary IPO papers with Sebi in March. The issue comprises a fresh equity of Rs 1,000 crore and an offer for sale (OFS) of 9 million shares by selling shareholders. Under the OFS, Blue Chandra Pte will offload 4.23 million shares, Goldman Sachs will sell up to 2.48 million units.
05.09 / 13:47
UPS
IPO
blues
IPOs
Sebi gives nod to Samhi Hotels, Motisons Jewellers to float IPOs
₹1,000 crore and an Offer For Sale (OFS) of 90 lakh equity shares by existing shareholders. ALSO READ: Rishabh Instruments IPO: Latest GMP, how to check allotment status online The OFS consists of the sale of 42.36 lakh equity shares by Blue Chandra Pte Ltd, up to 24.78 lakh equity shares by Goldman Sachs Investments Holdings (Asia) Ltd, up to 15.47 lakh equity shares by GTI Capital Alpha Pvt Ltd, and up to 7.39 lakh equity shares by International Finance Corporation. It is a partial exit by the existing shareholders to meet the listing regulations.
05.09 / 11:39
UPS
Manufacturing
Mobile
Hyundai
stage
country
Explainer
Mint Explainer: Navigating India's electric vehicle surge
Mint explains the current developments in the EV industry in the country: Even though the Indian EV industry is in its early stages, the growth plan under the ‘Make in India’ initiative aims to make the country a manufacturing hub for various sectors including the EV industry. The government aims to achieve 100% local production of EVs under this initiative.
05.09 / 04:55
Citi
Lowe's
Metro
Silver
Gold and silver prices for today—September 5. Check latest rates in your city
₹ 59,347per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 59,384, and a low of ₹59,336. Around 9.10 a.m., MCX Gold for October 5 delivery traded 0.05% per cent lower at ₹59364 per 10 grams.
03.09 / 17:53
UPS
Citi
FIVE
country
social
Pursuing green, energy giants like Reliance Industries, Adani Group zero in on biogas
Biogas took off and it has been since powering our kitchens, community facilities and dairy farms. But now the humble biogas has caught the fancy of some leading energy players of India Inc. Last week Reliance Industries announced its plans to set up 100 compressed biogas (CBG) plants.
03.09 / 09:43
Citi
FIVE
CEO
Strategy
IKEA
country
expansion
Ikea eyes omnichannel expansion and local sourcing in India
Ikea is embarking on a multifaceted expansion strategy in India as it enters its second phase of growth in the country. The company's plans include diverse retail formats, online operations in Delhi-NCR by the end of 2024, and increased local sourcing to make its products more affordable for Indian consumers. Susanne Pulverer, CEO of Ikea India, emphasized the company's commitment to long-term growth in the Indian market.
02.09 / 08:29
UPS
Citi
Digital
AXY
Customers
How Bank of Baroda customers can scan UPI QR code and pay via digital rupee
digital currency available in their digital rupee [CBDC-R] wallet and scan to pay across any UPI QR code. Similarly, merchants need to only display their existing single QR code, which can accept payments in both CBDC and UPI.
02.09 / 07:37
SUN
Corona
cover
Aditya L-1 Mission: What next after the successful launch?
halo orbit around L1, it added. L1 is 1.5 million km away from the Earth in the direction of the sun.
02.09 / 03:51
UPS
film
Actor
R Madhavan gets nominated as FTII president! '
Madhavan was on Friday nominated as president of Pune-based Film and Television Institute of India (FTII) and chairman of its governing council. Union minister Anurag Thakur shared the news on X (formerly known as Twitter) and congratulated the actor, who turned director with his National award-winning film 'Rocketry: The Nambi Effect'. «Heartiest congratulations to @ActorMadhavan ji on being nominated as President of @FTIIOfficial and Chairman of the governing council. »I'm sure that your vast experience & strong ethics will enrich this institute, bring positive changes, & take it to a higher level.
01.09 / 17:19
UPS
Provident
Extreme
SUN
Pune-based IUCAA scientists behind Aditya L1's SUIT payload say they're eager for data on UV rays to study sun-climate relationship
Aditya L1, which will be launched by PSLV-C57 rocket on September 2 at 11:50 AM. Aditya L1, the first mission of the Indian Space Research Organisation to study the sun, carries seven payloads, four of which will observe the light from the sun and the remaining three will measure insitu parameters of the plasma and magnetic fields. Durgesh Tripathi and AN Ramaprakash, who have dedicated the past 10 years to develop the Solar Ultraviolet Imaging Telescope (SUIT), one of the main payloads on the Aditya-L1 mission, told PTI they were «very excited». «It all started in 2013 after ISRO announced its mission to study the sun.
01.09 / 03:57
Citi
Yellow
Silver
Gold and silver prices for today—September 1. Check latest rates in your city
₹59,296 in the domestic market. Around 9.06 a.m., MCX Gold for October 5 delivery traded 0.11 per cent lower at ₹59310 per 10 grams.
31.08 / 18:25
Provident
Mobile
Align
Monolithic
Samsung
electronic
‘India must take leadership role in advance packaging of semiconductors’
leadership role in the industry. Edited excerpts from the interview: Modi: We have a presence in India for over 35 years, with a workforce across design centres in Noida, Bengaluru, Ahmedabad and Pune . One third of our staff of 11,000 is in India, including 30% of research and development team.
31.08 / 12:55
COST
Provident
Waters
Manufacturing
Southern
country
Indian
PUMP
K.V. Karthik from Deccan Industries becomes Indian Pump Assoc. President
Chennai, 25 August 2023: Mr K.V. Karthik, Managing Director, Deccan Industries, one of India’s leading pump manufacturing companies, headquartered in Coimbatore, has been elected as the president of Indian Pump Manufacturers Association (IPMA), the country’s premier body representing the US$ 2 billion pump manufacturing sector, for 2023-24. Mr.
31.08 / 10:27
IPO
hospital
open
Jupiter Hospital IPO to open for subscription on Sep 6
The IPO comprises fresh issue of equity shares worth Rs 542 crore and an offer for sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders. Earlier this month, Jupiter Hospital mobilised Rs 123 crore from institutional investors in the pre-IPO round and accordingly the fresh issue size was reduced. Proceeds of the fresh issue will be utilised to retire debt. Besides, funds will be used for general corporate purposes. The hospital chain operates in Thane, Pune and Indore under the «Jupiter» brand with a total bed capacity of 1,194 as of December 2022. Jupiter Hospital, which has a strategic focus on the western India healthcare market, is in the process of developing a multispecialty hospital in Dombivli, Maharashtra, which is being designed to accommodate over 500 beds. ICICI Securities, Edelweiss Financial Services, and JM Financial are the book-running lead managers to the issue.
31.08 / 05:53
UPS
Citi
Lowe's
Silver
Gold and silver prices for today—August 31. Check latest rates in your city
₹59,490 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 59,520, and a low of ₹59,420 in the domestic market. Around 10 a.m., MCX Gold for October 5 delivery traded 0.05 per cent lower at ₹59447 per 10 grams. Gold price on Thursday, August 31 stood at ₹54850 per 10 grams for 22 carats, and ₹59820 per 10 grams for 24-carat in the spot market.
31.08 / 05:53
Provident
SUN
Corona
Solar
Time
ISRO's Aditya-L1 solar mission 2023: Date, launch time and other details of the spacecraft here
NASA. Also read: Aditya L1 Mission LIVE updates: India's first mission to Sun to lift off on 2 September Aditya-L1 is a fully indigenous effort with the involvement of national institutions, including the Indian Institute of Astrophysics and the Inter-University Centre for Astronomy and Astrophysics in Pune.
30.08 / 19:11
UPS
Citi
FIVE
CEO
Parke
Backed
SRK-backed KidZania lines up $50 m for theme parks in key cities
theme parks KidZania, is planning to spend $50 million over the next 5-10 years to launch five new theme parks in cities like Bengaluru, Ahmedabad, Pune, Hyderabad, and Chennai, a top company official said. The company currently operates two KidZania branded theme parks in Mumbai and Delhi spread across 70,000 sq ft and 95,000 sq ft, respectively. The two centres used to draw an annual footfall of 400,000 persons prior to the pandemic, which has dropped to 300,000 post the pandemic. «We are expecting about $50 million of investment to launch the five new centres,» said Paras Chandaria, founder and promoter, KidZania India, adding that the company is open to working with strategic partners to realise its ambitious expansion plans in the country.Chandaria's Kidz Inc Pte owns a 74% stake in Imagination Edutainment while Khan holds the remaining 26%.
30.08 / 18:27
Citi
Provident
Aware
COMPOSITE
Metro
Ozon
country
Warning
Air quality early warning for 92 more polluted cities in 2 yrs
New Delhi: The India Meteorological Department (IMD) is planning to provide air quality early warning through the System of Air Quality Weather Forecasting and Research (SAFAR) to 92 more polluted cities in the next two years. SAFAR, developed by Indian Institute of Tropical Meteorological (IITM) Pune and was operationalized by IMD in 2010 during Commonwealth Games, is India’s first metro air quality service. It currently issues 1-3 days advance forecast in 40 cities including Delhi, Pune, Mumbai and Ahmedabad of a total of 132 ‘air contaminated’ cities.
30.08 / 08:43
Citi
Metro
Silver
Gold and silver prices for today—August 30. Check the latest rates in your city
₹54850 per 10 grams for 22 carats, and ₹59820 per 10 grams for 24-carat in the spot market. Gold prices traded with gains in the morning session in the domestic futures market on Wednesday.
29.08 / 13:15
Aware
country
services
Morgan Stanley Advantage Services renews its lease for commercial office space in Bengaluru
Morgan Stanley Advantage Services has renewed its lease for commercial office space in Bengaluru for about 136,000 square feet. The property, in Ecoworld on Outer Ring Road, was leased from RMZ Corp for 120 months with 15% escalation every three years. The company will pay a rent of Rs 116 per sq ft during the lease tenure, as per the lease renewal document shared by Propstack. Morgan Stanley is also preparing to relocate its existing India headquarters, operational for 13 years, to a larger office space in Mumbai, said people aware of the matter. The move reaffirms the American investment bank and financial services company’s growing headcount and footprint in the country. The company, which has operated in the country for about three decades, will relocate to a new office spread over about 86,000 sq ft in Altimus Worli.
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