City Pune Financial News

Income Tax Department is conducting searches at multiple locations in Mumbai, Pune and Noida, including the offices and promises of promoters of Chinese home appliance company Haier on Friday. Officials said that the searches are in connection with a tax evasion and royalty payment.

Vasco da Gama Nizamuddin-Goa Express were left stranded at the Manmad junction due to an unforeseen turn of events. The train, following a route diversion, arrived at the station an astonishing one-and-a-half hours earlier than its scheduled time and departed promptly, catching unaware passengers off guard.

fresh landslide on the Mumbai-Pune Expressway near the Kamshet tunnel on Thursday night, said an official, adding that it has affected vehicular movement. The landslide took place at around 8 pm yesterday. The official stated that highway police personnel were on the spot and efforts were on to remove the debris on the busy 6-lane road, according to a report published by the news agency PTI.

Ninety-six per cent of students in the age group of 14-17 years who took part in a survey do not know that vapes and similar electronic devices are banned in India, while 89 per cent of them are unaware of their harmful effects, according to a study. The survey findings come amid the Union Health Ministry sending notices to 15 websites selling e-cigarettes, which are banned in India, directing them to stop advertisement and sale of the products.

The luxury housing segment in India maintained strong sales momentum, registering a 130% Y-o-Y increase in Jan-Jun’23 period. Total sales of luxury units during Jan-Jun’23 period stood at 6900 compared to 3000 units during the same period last year, according to a CBRE report.

Pune faced a double robbery when he was first robbed of his cellphone by a person whom he offered a lift on his bike, and later lost his motorcycle to another person who offered to help him approach the police to report the initial robbery The victim, who had recently moved to Pune for a job, was unfamiliar with the city. On July 20, he was returning home from work when a man around 25 years old asked for some cash, claiming he needed to travel back to Buldhana.

₹40 lakh home. Going by analyst reports, not many developers want to build these homes anymore and buyers in large cities are not keen to buy them. While both the supply of and demand for affordable homes are shrinking, the mid-income and luxury segments are thriving.

Q1 results today: Amid improving Indian stock market sentiments, those who believe in stock specific trade are highly vigilant about Q1 results 2023 of the listed companies. In fact, company results are one of the most important events that help stock market investors decide the mid and long term positions. It also help them in taking investment decision about the potential stocks they are zeroing on.

Rahul Gandhi's disqualification from the Lok Sabha is not just the parliamentary constituency of Wayanad but four other Lok Sabha seats which are currently without an MP. Nearly half a dozen assembly seats without MLAs are also waiting for the Election Commission's bypoll announcements. Chandrapur and Pune Lok Sabha seats in Maharashtra fell vacant in May-end due to the death of the sitting MPs as did the Ambala seat in Haryana. Ghazipur MP Afzal Ansari was disqualified in early May leaving that seat vacant. Since all these parliamentary constituencies, including Wayanad, fell vacant before June 16, which is more than a year before the completion of the tenure of the 17th Lok Sabha, the EC is legally bound to hold bypolls to fill the vacant seats. Section 151A of the Representation of People's Act, 1951, mandates the poll panel to hold elections within six months of a vacancy arising and if there is more than a year of the tenure left. However, the delay in notifying the bypolls is moving the calendar too close to the Lok Sabha poll schedule, when a new MP will anyway have to be elected. That will raise another set of political concerns.

Telecom equipment worth ₹6,911 crore was exported by companies selected under the production linked incentive (PLI) scheme till May, the government said on Wednesday. «The companies under the scheme have made an export of ₹6,911 crore up till May 31, 2023,» minister of state for communications Devusinh Chauhan said in a written reply in the Lok Sabha.

Property consultant Colliers India has adopted a flexible office strategy and as part of this, has moved into a new managed office space at Tablespace in Pune. Over the past three years, this is the fifth new office picked up by Colliers India, after Bengaluru, Gurgaon, Mumbai, and Hyderabad.

school holidays in specific areas. The Gautam Buddh Nagar district administration has announced holiday in all schools up to class 12 in Noida and Greater Noida on Wednesday due to rain and waterlogging. Parts of Delhi-NCR region including Noida and Ghaziabad experienced heavy rainfall early in the morning today.

₹16 crore. The damage includes uprooted poles, damaged transformers, and flooded substations, which damaged the equipment and power lines, he added. Twenty 66 KV substations across the state were inundated, severely damaging the infrastructure.

Maharashtra rains: The India Meteorological Department issues 'red' alert in Raigad, Pune, Satara and Ratnagiri districts for 26th July. 'Orange' alert issued in Mumbai, Palghar and Thane.

Ahead of the Velankanni festival, a special train will run between Bandra Terminus and Velankanni in Mumbai on 27 August. Train No.

Fly91, a new airline helmed by top aviation veterans has been allocated its first set of routes under the Government of India’s Regional Connectivity Scheme (RCS) UDAN. The routes given under UDAN 5.0 will see FLY91 connect the cities of Sindhudurg, Jalgaon, Nanded and Agatti with business and leisure destinations of Bangalore, Goa, Hyderabad and Pune.

Bajaj Auto reported better-than-expected earnings in the quarter ended June led by robust sales of motorcycles and commercial vehicles in the domestic market, a healthy model mix and better exchange realisation. Net profit at the Pune-based company rose 42% over the corresponding period last year while revenue from operations touched a record high of 29% over the year ago period. Profit after tax at the firm increased to Rs1165 crore over Rs1173 crore in the same period last year while revenue from operations advanced Rs10,310 crore from Rs8005 crore, the company said in a filing to the stock exchanges.

Avinash Bhosle in a money laundering case, citing that prima facie it is clear that he had fraudulently obtained more than Rs 71 crore from DHFL «without any genuine business transaction». Denying bail on medical grounds, the court said Bhosle has been receiving quite good treatment in the hospital as per his wish and according to doctors, he is not suffering from any life threatening disease.

11th Season of its infamous Dosti Friendship Month. As part of its ongoing commitment to fostering strong customer relationships, Dosti Realty returns with an array of exclusive prices, discounts, and enticing offers, serving as a testament to its enduring friendship with customers. This annual extravaganza will run throughout the month of August.Projects that are covered by offers during the 11th Friendship Month include Dosti Eastern Bay-Wadala, Dosti Mezzo 22 - Sion, Dosti Eden- Thane (W), Dosti Nest and Dosti Heron in Dosti West County, Balkum-Thane (W), Dosti Planet North - Shil Thane and Dosti Greenscapes - Pune, offering a once-in-a-lifetime opportunity to make your home buying dreams come true.  In Mumbai city, across the two luxury projects Dosti Eastern Bay – Wadala and Dosti Mezzo 22 at Sion the offers include 0% stamp duty and registration charges with a 30:30:30:10 Payment Plan*, coupled with the advantage of no pre-EMI for 12 months scheme for CLP Plan*.

Suzlon Energy on Tuesday reported a consolidated net profit of Rs 101 crore for the quarter ended June as part of its Q1 earnings. It was down 96% from Rs 2,433 crore reported in the corresponding quarter of last year. On a sequential basis, the net profit declined 64% from Rs 280 crore clocked in the preceding March quarter.

thief, who had a long spree of robberies including 1,200 burglaries across 14 states over 25. As per ToI report, Police finally got the custody of Nadeem Qureshi (45) in connection with a burglary at Sourav Abasan in Salt Lake that occurred two years ago. He was known for his extravagant lifestyle, owning a range of sedans and dressing up in corporate formals.