City Pune Financial News

Subscribe to enjoy similar stories. A Pune district court has temporarily restrained Kirloskar Proprietary Ltd (KPL) from terminating its trademark licence and user agreements with Kirloskar Brothers Ltd (KBL). The court's decision, made on 9 January, came in response to KBL's application in an ongoing civil suit regarding the ownership and use of trademarks associated with the Kirloskar Group.

Reliance Consumer Products (RCPL) on Wednesday acquired packaged foods brand SIL, with a portfolio of products such as cooking pastes, jams, mayonnaise, baked beans and Chinese sauces.

NDR InvIT Trust, a prominent player in the infrastructure investment sector, has successfully acquired a Grade-A industrial and warehousing portfolio across markets like Surat, Hyderabad, Bengaluru, and Pune. This strategic move enhances NDR InvIT’s assets by adding 2.01 mn sqft of fully operational space, reflecting the firm’s focus on establishing a diversified and scalable infrastructure presence in high-growth areas.

World Pickleball League (WPL) is all set to kick off. Bringing the dynamic sport to fans across the country, FanCode will exclusively live stream all matches from the tournament.

Keri village on Saturday evening, an official said.

Shark Tank India Season 4 introduced a special Campus edition, spotlighting the innovation and ingenuity of young entrepreneurs. Among the participants was 16-year-old Meet Deore, a Class 12 student from Pune preparing for the JEE. Meet’s passion for technology emerged early in life, beginning in Class 2, when he invented an electric stirrer and automated his home’s curtains with a motorized system.

Bank of Maharashtra (BoM) on Thursday said the next round of capital raise is expected to bring down the government holding in the state-owned bank below 75 per cent, a top bank official said.

Subscribe to enjoy similar stories. Rajiv, an entrepreneur who runs a mid-sized manufacturing unit in Pune, enjoyed the rewards of his hard work—expanding operations, lucrative contracts, and a growing personal wealth portfolio. Yet, a market downturn and an unforeseen lawsuit exposed cracks in his financial foundation.

Rajnath Singh on Wednesday said emergence of "non-state actors" in many countries and their resorting to terrorism is a «matter of concern». In his address at an event here to mark the 77th Army Day, he also said conflicts and wars will become more violent and unpredictable.

Shapoorji Pallonji Group firm Afcons Infrastructure’s shares surged 3.5% in early trade to a high of Rs 496.70 on the BSE on Tuesday, January 14, as the company emerged as the lowest bidder (L1) for the Rs 4,787.20 crore tender floated by the Maharashtra State Road Development Corporation (MSRDC). The civil construction company has been selected for two projects to construct the access-controlled Pune Ring Road (East) Packages PRR E5 and E7. Both projects are to be completed within 36 months.

Electric two-wheeler manufacturer BGauss has raised Rs 161 crore in funding from Bharat Value Fund (BVF).

EcoBox Industrial Parks, a newly formed operating platform of Logicap Advisors, backed by Alta Capital, has acquired 50 acres of land for greenfield logistic asset development in Chennai’s Mannur locality in the first land deal this year.

CBRE data showed that land deals of more than 2,200 acres last year as against about 1,900 acres in the preceding year.

Subscribe to enjoy similar stories. Dreaming of a magical white Christmas in Europe but worried about the cost? Mumbai-based entrepreneur Mufaddal Kagalwala and his wife Sakina Gandhi turned this dream into a reality—without breaking the bank. By taking advantage of off-season deals on flights and hotels, the couple pulled off an unforgettable 13-day journey across Hungary, Slovakia, Austria, and the Czech Republic—all for under ₹3.5 lakh.

He had bought his first house when he was 35 years old. Twenty years on, he and his wife live in a much bigger flat in Mumbai. He had also restructured and modernised the house in which his retired parents lived in Pune. He had a farm in Karjat, where he had a small farmhouse. His plan is to retire to this house in another 5-10 years. “It all worked out well,” he told me. With the new airport coming up, he is considering booking a flat at one of the new developments in Panvel as well. “This will not be like Lavasa,” he offered. He had been an early investor in the dream project that failed to take off as planned. His money had been stuck there for quite a few years and he finally sold it at a loss. “I am confident the new one will be a winner,” he reassured me.

Godrej Properties has purchased a 24-acre land parcel in Indore for around Rs 200 crore to develop housing plots, as part of its strategy to expand business amid strong demand for residential properties. Godrej Properties, one of the leading real estate developers in the country, focuses on Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune and Bengaluru markets for group housing projects. For residential plotted development projects, the company has been buying land in tier II-III cities. Godrej Properties has acquired a 24-acres land parcel in Indore.

Kolkata has overtaken Bengaluru to become India's most congested city according to the 2024 TomTom Traffic Index. It is the world's second slowest moving city trailing only behind Barranquilla. Bengaluru and Pune follow at third and fourth spots, respectively. Dutch technology firm TomTom annually evaluates traffic conditions in major cities worldwide. Kolkata's average speed was 17.4 kmph, taking 34 minutes and 33 seconds to complete 10 kms. Bengaluru drivers took 34 minutes and 10 seconds to complete a similar journey. Commuters in Pune took 33 minutes and 22 seconds to travel 10 kms on an average.

Congress that if the opposition alliance is broken will not be able to join together again, the Uddhav Balasaheb Thackeray Sena on Saturday announced that they would be fighting the Mumbai, Thane,Pune, Nagpur and all other municipal and other local body polls on their own and not in an alliance with its allies Congress and Sharad Pawar's Nationalist Congress Party. «We have decided that for all the local municipal elections from Mumbai to Nagpur we will be going solo. Whatever happens we will see.»said Sanjay Raut Rajya Sabha MP of the UBT Sena. Raut said that the UBT had decided to fight on its own as it wants to expand its party and feels that if the party goes into an alliance with the Congress and NCPSP for the local body polls it would mean lesser seats for its grassroot workers. «When would our grass root workers get an opportunity to fight elections? Hence all local body polls like Municipal Polls,zilla parishad and Panchayat polls would be contested by our party independently.»said Raut.

Ashwini Vaishnaw said in Pune on Saturday. The minister also said C-DAC plays a major role in this regard. The Centre for Development of Advanced Computing (C-DAC) is the premier organisation of the Union Ministry of Electronics and Information Technology (MeitY) for carrying our research and development in IT, electronics and associated areas. Vaishnaw launched one VEGA-based SoC ASIC and two DIR V VEGA processor based development boards designed and developed by C-DAC.