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New supply in Delhi-NCR is set to increase 59 per cent to 11,223 units in the current December quarter from 7,072 units in the corresponding period of the previous year. Among nine major cities across India, Delhi-NCR is the only market where sales and new supply are estimated to rise during the current quarter, real estate data analytics firm PropEquity's data showed.

Subscribe to enjoy similar stories. New Delhi: India’s primary vehicle research and testing body plans to expand facilities that are focused on so-called new energy vehicles, seeking to keep pace with the government’s rapidly accelerating green mobility drive. The Automotive Research Association of India (ARAI) will focus on electric and hydrogen-based powertrains or engines as well as research on vehicular emissions, according to two government officials, who declined to be identified.

Infosys Founder Narayana Murthy said true nationalism is to work for the betterment of the country and not by merely wrapping oneself in the national flag. “The young generation must work with a sense of responsibility toward the nation and society. We must care for the underprivileged sections of society, or else we are no better than animals. Becoming a responsible citizen and working toward the country’s betterment is true nationalism. Merely wrapping oneself in the national flag does not make one a true nationalist,” Murthy said while speaking at the Sustainability Crusade award ceremony organised by the J P Shroff Foundation in Hyderabad on Friday.

alimony case, domestic violence and divorce petition, all of them. The wife even filed an FIR against his 85-year-old father, his son from first marriage, his aunt's son, his relatives and his ex-wife who lives in the USA. There was also a twist in this case as the lawyer representing the wife said she wanted to get back with him. However, the husband declined this offer and sought divorce on the ground of cruelty. Moreover, the husband filed a police complaint against his wife claiming that she threatened him with dire consequences like taking her own life and filing false criminal cases against him and his family. The primary reason behind the long police, family court, supreme court proceedings was demand for more alimony by wife after taking Rs 12 lakh from her husband during the course of their married life. This was despite his wife having Rs 1.05 crore worth of bank FDs, cash, etc. His wife argued that he had both the means and ability to provide more alimony. She also claimed that her husband had Rs 5,000 crore worth of assets, a USA based business and multiple house properties in Pune, Bhopal and in other cities. While the husband was ready to offer Rs 20 to 40 lakh as permanent alimony, his wife demanded at least Rs 500 crore and one of the properties owned by the husband's 85-year-old father.

According to BSE, Nippon MF, Kotak MF, Axis MF, SBI Pension Fund, and HDFC Life participated in this round. The five years coupon bearing debt carries an interest rate of 7.73%.

Subscribe to enjoy similar stories. Bengaluru: When Pune-based Persistent Systems crossed the $1 billion revenue mark in FY23, a tech services leader asked founder Anand Deshpande how the company, which was formed in 1990, had finally gone past the landmark figure. An industry veteran recounted to Mint that Deshpande smiled when the question was posed, then responded saying, “Credit goes to our team." That team, under chief executive officer (CEO) Sandeep Kalra, who had joined Persistent in May 2019, put the technology services and solutions company on the path to rapid growth, increasing revenue from $501 million in 2020 to $1.18 billion in FY24.

Magenta Mobility on Monday said it plans to add 10,000 electric vehicles — both three and four-wheelers — over the next financial year and is also looking at expanding into new cities such as Nashik, Nagpur, Vijayawada, Indore and Kolkata, among others. The company also said that after establishing a strong presence in the electric three-wheeler space, it is now aggressively expanding into the four-wheeler category. With a fleet exceeding 500 electric cargo four-wheelers, Magenta Mobility is transforming urban and intercity logistics, it said. Building on its leadership in the three-wheeler EV segment, where it serves major clients in the e-commerce space, Magenta Mobility is now aggressively expanding into the four-wheeler category, the company said.

Subscribe to enjoy similar stories. Today's edition of Stocks Made Easy shines a spotlight on a luxury car rental services company. We first featured this company a month ago, during a deep dive into stocks trading below their book value—a trend that gained traction when the buzz around Elcid Investments’ boom was just hitting mainstream attention.

Automotive Research Association of India) is the organisation mandated with making sure the vehicles you buy in India meet standards. From Bharat NCAP (New Car Assessment Program) safety standards, to fuel efficiency figures under test conditions, to ensuring homologation of vehicles, this is the entity that tests and certifies automobiles sold in the country. It does all of this out of its 260 acre base in Pune, equipped with a large number of testing facilities. Incorporated in 1966, the cooperative industrial research association under the Ministry of Heavy Industries has had quite the journey thus far. But what is happening now is clearly new. It, along with the entire automotive industry, is now in the middle of the big energy transition, from fossil fuels to electric and other alternative sources of energy.

Blackstone Group and Pune-based Panchshil Realty’s joint venture platform, Ventive Hospitality's Rs 1,600-crore initial public offering (IPO) is set to open on December 20 and close on December 24. The anchor book for the maiden share sale of the hospitality asset owner with a primary focus on luxury offerings across business and leisure segments is scheduled to open on December 19. The price band for the issue will be announced on December 17, the company said.

I have a corpus of Rs 15 lakh after surrendering my LIC policy. I want to invest this amount for the goal of my daughter’s higher education. I have an investment horizon of four to five years. I would like to build a minimum of Rs 25 lakh corpus. Could you suggest some mutual funds? Can I invest some amount in mid- or small-cap funds for better returns? Dev Ashish Founder, StableInvestor, and Sebi-registered investment adviser: With a starting capital of Rs 15 lakh, your investment needs to earn 10.8-13.6% to reach the target of Rs 25 lakh in four to five years.

Bengaluru-based Kreditbee reported a 20% fall in net profit to Rs 20.7 crore for the quarter ended September 30 from Rs 25 crore a year back. Its operational revenue jumped 73% to Rs 518 crore, but its expenses shot up 84% as well, driven by increasing cost of borrowing and impairment on financial instruments. Fintechs that typically cater to the riskiest segment of the country’s consumer base have seen their cost of borrowing go up. Industry insiders peg the increase to be anywhere between 125 basis points and 300 basis points, depending on the spectrum of operations.

Trump started his first campaign for the presidency, two Trump-branded buildings were going up in India, one in the financial capital of Mumbai and the other nearby in Pune. Before he won in 2016, the Trump Organization expanded its business in India, signing deals in two more big cities. The day after Trump's victory in November, a developer in India told local media about half a dozen new deals. Like the others, Indian companies buy the land, build the high-rises, sell the units and pay a fee to use the Trump name. These deals are putting India even more squarely in the Trump Organization's sights. And with Trump on his way back to the White House, the country is emerging as center stage for potential conflicts of interest.

«We received a call at 5.52 pm about the incident. Five fire tenders were rushed to the spot to douse the blaze. The photo studio was gutted in the fire,» the fire brigade official said. Amid the raging fire, seven people were rescued and taken to a nearby hospital for treatment of smoke inhalation, the official said.

Shantanu Naidu, widely known as Ratan Tata’s trusted associate, has introduced Jaipur to his silent reading initiative, «Bookies.» The community, designed for individuals to gather at public locations and read in silence, launched in Jaipur with an event planned for Sunday, December 8.

Myntra, India’s largest online lifestyle and fashion retailer, has joined the quick-commerce bandwagon, launching a 30-minute delivery service called M-Now in Bengaluru that it plans to expand to cities like Mumbai, New Delhi and Pune in the coming months. Myntra is entering the segment with an extensive assortment — about 10,000 stock-keeping units (SKUs) to start with — compared with a limited number of lifestyle and fashion products like regular t-shirts and innerwear offered on quick-delivery platforms such as Blinkit, Zepto and Swiggy Instamart. It started a pilot project last month and the service is now live in some areas of Bengaluru. M-Now will deliver fashion and beauty products and accessories within 30 minutes using dark stores, or micro warehouses, run by third parties as well as retail stores of fashion brands, Myntra chief executive Nandita Sinha told ET.

World Pickleball League (WPBL) has officially introduced Pune United, a new franchise team representing the city of Pune. The team’s ownership comprises Bollywood stars Riteish and Genelia Deshmukh, alongside corporate leaders Sudhir and Sunanda Mehta of EKA Mobility and Pinnacle Industries, and Ajeenkya D Y Patil and Pooja Patil of Ajeenkya DY Patil University. Riteish Deshmukh said, “Pickleball is the fastest-growing sport in the world. Its craze and popularity are unmatched amongst all ages. We are excited to be part of the World Pickleball League which will surely take pickleball to newer heights across India. Our endeavor at Pune United is to champion a team that will inspire players to give their best and couples, families, and communities to come together and embrace this wonderful game and lead healthier and fitter lives.” Genelia Deshmukh added, “Pune United is serving up a storm. We are excited to be part of the World Pickleball League. Pickleball has the power to unite, inspire, and transform. Our mission at Pune United is simple: to ignite a love for Pickleball that goes beyond the court. We're committed to fostering a culture of camaraderie, wellness, and fun that will enrich the lives of our players, families, and community.”

Devendra Fadnavis resumes his role as Maharashtra’s Chief Minister, attention has shifted to his wife, Amruta Fadnavis, who has built an impressive career across multiple fields. From a senior banking professional to a playback singer, actor, and social activist, Amruta has consistently made headlines for her individual achievements and contributions, making her much more than just the wife of a political leader.

Phillips Machine Tools (PMT) will launch a dedicated 3D materials division to address India’s lack of locally available high-tech consumables and raw materials, including titanium. The company has plans to secure an import license in the next six months and cater to the defence, aerospace, renewable, electronics, and, in certain aspects, the health tech market and clean energy sectors, the company’s Managing Director, Terrence Miranda, told ET. PMT is a fully owned subsidiary of the USA-based Phillips Corporation. “To obtain this license, you need to demonstrate capabilities, such as owning the necessary equipment and conducting R&D on it. India does not yet produce aerospace-grade titanium in the quantities or quality needed. For sectors like space and defence, this poses a significant challenge,” he said, adding that the company will incorporate it into its new 20,000 sq. ft facility in Chakan, Pune. PMT is working to source titanium from international markets, including the US and Germany, while also exploring regional exports to make it easier to procure.

Subscribe to enjoy similar stories. Bengaluru: Of late, one corner of Chakan, an automobile and manufacturing hub, has been seeing a burst of construction activity. On crossing the factories and manufacturing plants of some of the world’s largest automakers, including Mercedes, Volkswagen and Mahindra & Mahindra, the New MIDC Road leads to a 100-acre site.

badminton player PV Sindhu. As per reports, she is gearing up to tie the knot on December 22 in Udaipur. The former world champion, who sought victory at the Syed Modi International in Lucknow on Sunday, is preparing to tie the knot with Hyderabad-based Venkata Datta Sai, an Executive Director at Posidex Technologies. In an interview with PTI, the shuttler’s father, PV Ramana shared that the two families knew each other but it was only a month ago that everything was finalised. He further added that this was the only possible window as her schedule would become hectic from January. Hence, the two families decided to have the marriage ceremony on December 22. The reception will be held in Hyderabad on December 24. As per reports, the wedding-related festivities will kickstart on December 20.