City Pune Financial News

leadership and joined the Shiv Sena-BJP government in Maharashtra, veteran leader Sharad Pawar of the Nationalist Congress Party (NCP) is set to commence his statewide tour from Nashik today to consolidate his support base. Amid an internal conflict within the Nationalist Congress Party (NCP) involving Sharad Pawar and Ajit Pawar, Sharad Pawar organized a significant gathering on Thursday. Ajit Pawar denounced the meeting as "unlawful" and asserted that nobody possessed the authority to convene such assemblies.

Akasa Air, India’s newest airline, has further enhanced its domestic connectivity by starting direct flights between Mumbai and Kolkata from July 7, 2023 onwards. The airline will connect Kolkata with three destinations, including Bengaluru, Mumbai, and Guwahati, and has also ramped up its frequency between Delhi and Ahmedabad with two daily flights.

₹1,250 crore while Dhoni's net worth is believed to be around ₹1,040 crore. However, they stand no way close to the richest cricketer in the world. He is an Indian ‘Maharaja’.

Shinde met Deputy CM and senior BJP leader Devendra Fadnavis late on Thursday night, sources said. The meeting came days after Shinde denied that his Shiv Sena MLAs were uncomfortable with the inclusion of Ajit Pawar and 8 Nationalist Congress Party (NCP) legislators in the state cabinet and claimed that he would remain as the chief minister until 2024. The Maharashtra cabinet now has 29 ministers with the entry of NCP leaders on Sunday.

B L Kashyap & Sons, one of the leading civil, engineering and construction company, expects a 24% growth in revenue to Rs1300 crore in FY25, led by commercial and government projects. The firm has secured new orders worth Rs 700 crore in the last six months, including the redevelopment of the railway in railway project at Bijwasan from the Railway land development authority, Embassy business hub phase II and Nzuri business park in Pune. “There has been robust growth in order intake during the year and a substantial jump in order book position at the end of the financial year, clearly giving strong visibility of earnings in the coming years.

Domestic firms continued to lead the absorption in April-June’2023 and H1 2023, accounting for a share of 43% and 46%, respectively, mainly led by flexible space operators, technology corporates and BFSI firms according to a report by CBRE. The report points out that office leasing increased by 12% Q-o-Q and touched 13.9 mn. sq. ft. during the April-June’23 period. Bangalore, Chennai, and Pune led the absorption in Q2 2023, accounting for about 59% of the transaction activity. During the quarter (April-June’23), technology companies witnessed an uptick in activity, accounting for 29% of the leasing, followed by flexible space operators (18%), engineering & manufacturing firms (17%) and BFSI corporates (17%). “India is expected to be amongst the world’s fastest-growing economies amidst a likely weakening of global macroeconomic conditions. We believe that the share of domestic firms in leasing would also remain strong during the year; at the same time, their greater emphasis on return to offices (RTO) is also expected to boost their operations,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE. Leasing in the BFSI sector was driven by deal closures by global capability centres of BFSI corporates, Indian banks, and insurance firms. Most of these corporate are focusing on expanding their footprint.

Rahul Gandhi, the Gujarat High Court has declined to grant a stay on his conviction and two-year jail term in a criminal defamation case. This ruling has resulted in the loss of his Parliament membership, representing a major setback for him. The Gujarat High Court has acknowledged the existence of 10 additional criminal defamation complaints against Gandhi.

Lok Sabha elections. Ajit Pawar, who recently joined the BJP government as the deputy chief minister, is believed to be considering giving the Shirur Lok Sabha ticket to his son Parth. Parth Pawar had previously made an unsuccessful electoral debut in the 2019 Lok Sabha election, where he lost from the Maval constituency.

Rain lashed several parts of Mumbai on Thursday as an orange alert was issued in the city. The India Meteorological Department (IMD) has issued an yellow alert for the financial capital today.

The move can be linked with a potential surge in the demand for homestay properties from certain cities such as Ahmedabad, Dharamshala, and other metros across the country due to ICC world cup 2023. This year India will be hosting the ICC world cup from October 5 to November 19 across 10 venues in Hyderabad, Ahmedabad, Dharamsala, Delhi, Chennai, Lucknow, Pune, Bengaluru, Mumbai, and Kolkata. “Cricket fans are more willing than ever to explore homestays as an accommodation option,” said Parikshit Choudhury, Chief Business Officer of Alternate Accommodation and Customer Contact Group, MakeMyTrip. Furthermore, the company has also developed a new feature where users can track the distance of the accommodation from the cricket stadium in the city.

Pune, Maharashtra: In recent years, SIPs have largely grown in popularity in India. Inflows into mutual funds via SIPs have increased by 25% during the fiscal year 2022-2023 compared to the preceding year. The total amount invested was Rs.1.56 lakh crore.

Union Bank of India of ₹91.92 crore. The probe agency registered the case after a complaint was filed by the Pune branch of the bank against the private company, its directors – Kalyan J.

Mumbai, an orange alert has been issued in the city today and a yellow alert tomorrow i.e. on 7 July.

Enforcement Directorate in a money laundering case in connection with the Maharashtra State Cooperative Bank (MSCB). The case pertains to an alleged scam in the Sahakari Sakhar Kharkhana (cooperative sugar factories) and Sahakari Soot Girnis. “A loan of ₹826 crore given by Pune District Central Cooperative Bank and other banks for a mortgaged property of Jarandeshwar SSK Ltd goes to prima facie show that the assets of Jarandeshwar SSK were acquired by the close associates of Ajit Pawar at throwaway prices," the court said.

The industrial and warehousing sector also witnessed a new supply of 27.4 million sq. ft. during the same period, reflecting a 36% growth from the 20.2 million sq.

heavy rainfall is expected to persist in southern Peninsular India until July 8. The weather forecasting agency has further predicted significant rainfall in various states, including Uttarakhand, Himachal Pradesh, Goa, Gujarat, Karnataka, Kerala, and others. Specifically, the IMD has forecasted extremely heavy rainfall in four districts of Maharashtra, namely Satara, Pune, Ratnagiri, and Raigad, on July 6.

latest updates, the Brihanmumbai Electric Supply and Transport (BEST) bus services in the city are functioning smoothly. The suburban train services of the Central Railway and Western Railway are also currently running normal. Meanwhile, a red alert has been issued for Raigad district in Maharashtra for July 6, warning of excessive rainfall, officials told PTI.

UDAIPUR : It is a busy Monday morning at the Udaipur centre of Indira IVF Hospital Pvt Ltd. Inside the four-storeyed grey-stoned building, you can sense the high tide of hope. A sea of greying couples patiently wait—around the security desk, at the reception, in the seating areas.

Enforcement Directorate (ED) has announced the arrest of the former chairman of a cooperative bank in Pune on charges of money laundering. Amar Sadhuram Mulchandani, who served as the ex-chairman of Seva Vikas Cooperative Bank, was taken into custody on July 1 following an ongoing investigation into a fraud case involving the alleged misappropriation of funds amounting to ₹429 crore.

Tabrez Ansari lynching case of 2019. Accusing him of trying to steal a motorcycle, a mob beat up Ansari on June 17 of that year. A video showed that the 24-year-old man was purportedly made to chant 'Jai Shri Ram' and 'Jai Hanuman' in the Saraikela Kharsawan district of Jharkhand.

India, July 5, 2023: Goa, known for its picturesque landscapes and vibrant culture, has become the latest addition to the Housewise family as the property management startup extends its operations to this popular tourist destination. With a successful launch in Pune and Bengaluru back in 2017, Housewise has steadily expanded its presence to several major cities across India, including Hyderabad, Chennai, Delhi, Noida, Gurugram, Mumbai, Thane, Ahmedabad, Kolkata, and now Goa.