City Pune Financial News

25.07 / 09:45

Citi Target COP track country Wanted in 1,200 burglaries in 14 states, Kolkata police gets custody of crorepati thief

Bidhannagar Police on Monday got custody of a high-flying thief, Nadeem Qureshi in connection with a two-year-old burglary at Sourav Abasan in Salt Lake, TOI reported. Qureshi, 45, has committed as many as 1,200 odd burglaries across 14 states over 25 years. The burglar king owns properties worth crores in Mumbai and Pune, the police said.

25.07 / 05:49

COST UPS Target share price Poonawalla Fincorp share price rises over 3% after strong Q1 results

Poonawalla Fincorp share price rose over 3% on Tuesday after the non-banking finance company (NBFC) reported its Q1 results. The stock gained as much as 3.21% to ₹380.05 apiece on the BSE. The Pune-based company posted a 62% rise in net profit at ₹200 crore in the June quarter, as compared to ₹124 crore in the year-ago period.

25.07 / 03:33

Orange Maharashtra rains: Ajit Pawar to hold meeting with District collectors to review situation

Maharashtra Deputy Chief Minister Ajit Pawar will hold a meeting of all the District Collectors on Monday to review the situation of heavy rains and floods in the state. «Deputy CM Ajit Pawar will chair a meeting of the district collectors through video conferencing at 9:00 am in Mantralay,» an official statement said.

24.07 / 20:05

Citi Provident Civil areas in 58 cantonments to be run by local bodies; Jammu, Srinagar kept out

A list of 58 cantonments that are planned to be shifted has been shared with the respective states. The list includes all major cantonments including Delhi, Pune, Ambala and Ahmedabad, besides hill stations like Kasauli and Landsdowne. Only two cantonments — in Jammu and Srinagar — have been left out for now due to security considerations.

24.07 / 17:37

COST UPS Citi Remark Resale property market booms amid price hikes, scarcity of ready homes

Factors contributing to this trend include a scarcity of newly constructed properties ready for immediate occupancy, a dearth of new developments, and escalating price hikes in major markets. “Recently, there has been a notable surge in the demand for resale residential properties across cities. This scarcity is due to delays in construction projects and a lack of new developments.

24.07 / 09:11

COST UPS Citi Provident BLOCK Booking KSH Distripark launches Domestic Container Storage Facility and introduces Container Leasing Solution in Pune

KSH Distriparks launches Pune’s first Domestic Container Storage Facility — the first-of-its-kind facility for ICD customers in the city. KSH Distriparks is Pune’s leading logistics service provider for container logistics solutions that offer a seamless transportation network, buffer yard solutions, ocean imports, bonded warehouse facilities, and DPD transportation services. The new cargo storage facility is built at their SOC 40`HQ in Pune and has introduced a unique value-added service — Container Leasing Solution.

24.07 / 04:25

COST Citi country NOT Not many takers for Affordable Housing? Data reveals demand dropped to 20% in H1 2023

Even as the Indian luxury homes segment is firing on all cylinders, affordable housing continues to languish due to pandemic-induced demand changes and various other factors. Both supply and demand for affordable housing are shrinking, according to latest ANAROCK Research data.

24.07 / 03:45

BLOCK Man Waters Orange heavy rain Schools Updates Maharashtra Heavy Rain Alert: All schools shut in Raigad today; One person swept away in Palghar. Top Updates

heavy rainfall in the Raigad district of Maharashtra, all schools in the area will remain closed today. As reported by ANI, the District Collector, Yogesh Mhase, announced this decision in response to the Orange Alert issued by the Indian Meteorological Department (IMD) for Raigad. The India Meteorological Department (IMD) on Sunday predicted moderate spells of rain to likely occur at isolated places in Mumbai, Thane, Palghar, Sindhudurg, Ratnagiri, and Raigad districts during the next 3-4 hours.

24.07 / 01:07

BLOCK Traffic Mumbai Maharashtra rains: Landslide blocks traffic on Mumbai-Pune Expressway

Mumbai, occurring on Wednesday night. At least 17 of 48 houses in the village were fully or partially buried under the landslide debris, officials said.

23.07 / 18:47

Enterprise performer Robust home sales improve realty companies' liquidity profile

property market over the last three financial years has resulted in robust improvement in liquidity and credit profile of key listed real estate developers since the outbreak of the Covid-19 pandemic. The buoyancy in residential demand in mid, premium and luxury segments across India's top property markets including Mumbai, Delhi-NCR, Bangalore, Pune, Kolkata, and Hyderabad has pushed both collections and realisations of these companies' higher.

23.07 / 18:11

UPS Enterprise performer Sustained housing sales helps improve developers’ liquidity, credit profile

The buoyancy in residential demand in mid, premium and luxury segments across India’s top property markets including Mumbai, Delhi-NCR, Bangalore, Pune, Kolkata, and Hyderabad has pushed both collections and realisations of these companies’ higher. The performance helped strengthen their leverage and credit profiles and this is expected to sustain over the medium term.

23.07 / 16:11

COST UPS FIVE Career Software SAP Education in IT has a huge payoff for those getting jobs abroad

₹2.5- ₹3.6 lakh annual salary in Indian IT companies after getting their B.Tech degrees (see graphic). The payoff is much higher for IT jobs abroad. According to the US department of labor, a software developer’s median annual earnings in the US is $121,001, or nearly ₹1 crore at current exchange rates.

23.07 / 16:11

COST UPS Citi Software Why demand for office space is experiencing a lull

real estate services firm CBRE in the March-ended quarter found that 96% of businesses expected employees to work at least three days a week at office once stability returns, up from 91% last year. Around 40% hoped to have work-from-office fully. A survey by Unispace found 92% of employees expect to work at least four days a week in the office in the near future.

22.07 / 14:13

Citi Aware Platform Celebrity country beautiful social The pursuit of beauty: What explains Damani's big bet on Health and Glow?

Nykaa have dominated the sector in the recent past, it is increasingly seeing consolidation of brands or bigger conglomerates making an entry. The latest is Radhakishan Damani, billionaire investor and founder of Avenue Supermarts that runs the D-Mart chain.

22.07 / 12:57

CEO country open Fabindia partners Dolomite to open Jamie Oliver’s cafes

New Delhi: Homegrown lifestyle brand Fabindia has partnered Dolomite Restaurants Pvt Ltd to open Jamie Oliver’s branded cafes at many Fabindia Experience Centres across the country. Dolomite Restaurants is the master franchise of Jamie Oliver brands in India and operates Jamie’s Italian, Jamie’s Pizzeria, Jamie’s Diner and Jamie’s Cafes. Fabindia operates 357 stores in 127 locations across the country, apart from 13 international outlets.

22.07 / 06:47

Citi Digital CEO Platform Enterprise country Proptech startup Altre raises $1million from institutional investors

Altre has raised $1million in a pre series A round to grow technology, capability and teams across the country. Altre is a B2B fulfilment marketplace for commercial real estate.

21.07 / 10:15

Citi Platform Maharashtra rain: IMD forecasts intense rains in THESE districts for next 3-4 hours

weather department issued a ‘red’ alert for four districts, Thane, Raigad, Pune, and Palghar, and forecasted heavy to very heavy rainfall in the regions till Saturday. The National Disaster Response Force (NDRF) and State Disaster Response Force (SDRF) is on high alert in all the regions and undertaking rescue operation wherever required. In view of the weather alerts, the administration in Thane and Palghar have also announced school holidays.

21.07 / 09:29

UPS Parke country 400 kg of tomatoes stolen from Pune farmer, case registered

Pune were reportedly stolen, the police said on Friday. According to officials, Pune police received a complaint from the farmer, Arun Dhome, a resident of Pimparkhed in Shirur tehsil, who alleged that around 400 Kg of harvested tomatoes were stolen from outside his house.

21.07 / 03:15

Citi FIVE Citizens Waters Extreme Orange Traffic Updates Mumbai Mumbai rains: City on orange alert today; check local train and traffic updates here

monsoon rains across the state, a red alert has been issued in Pune, Raigad, Thane and Palghar districts today. As per IMD bulletin yesterday, isolated heavy to very heavy rainfall very likely to continue over Mumbai during next two days. Isolated extremely heavy rainfall likely over Konkan & Goa, ghat areas of Madhya Maharashtra, Gujarat state on 20th and 21st July. As per a civic official, the island city received an average 100 mm rainfall in the last 24 hours ending on 8 am on Thursday.

20.07 / 06:31

COST Citi Provident Platform Pune’s Goel Ganga developer ventures into rental segment

Goel Ganga Developments has ventured into the rental segment to offer last-mile support to people looking out for a place to rent in Pune. The new venture called Goel Ganga Rent Easy is a full-stack platform, which also has separate verticals for buying and selling properties. The rental market is considered as growing segment in Indian real estate as in most of the major cities in India, close to 35% of the inhabitants prefer to rent out a space.

19.07 / 14:25

COST Provident Platform Software track Armstrong Dematic: Transforming the Intralogistics and Warehouse Automation Industry with AI and BI Driven Solutions

Pune, Maharashtra, India – Business Wire India: Armstrong Dematic have established themselves as a leader in intralogistics & warehouse automation industry through their relentless pursuit of innovation and customer-centric solutions. With extensive research and development, they leverage cutting-edge technologies like robotics, AI, and data analytics to optimize warehouse operations. The tailored systems address unique client challenges, offering modular and scalable solutions for future growth.

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