CATEGORIES

RBI May Reduce Policy Rates by 50 bps in First Half of 2025

The Reserve Bank of India (RBI) is likely to cut policy rates by 50 basis points (bps) in the first half of 2025, says a report by Jefferies.

DFS Secy Launches Revamped 'BAANKNET' Portal for E-Auction of Properties as 1-Stop Destination

Financial Services Secretary M Nagaraju on Friday launched the revamped 'Baanknet' portal for e-auction of properties including commercial properties, industrial land, shops, vehicles, agricultural and non-agricultural (NA) land.

DPIIT, Startup Policy Forum Partner to Establish India as Global Innovation Hub

The Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, on Friday announced a partnership with the Startup Policy Forum (SPF) aimed at establishing India as a global hub for innovation and entrepreneurship.

Indian Banks to See Range-Bound 12.5% Credit Growth in 2024-25: HSBC

Credit growth of Indian banks is expected to witness a range-bound 12.5 percent growth in the current financial year 2025, HSBC Global Research said in a report, attaching a rider that slowdown in GDP growth remains a downside risk.

Govt cuts gas allocation for LPG, diverts to city gas retailers

The government has slashed allocation of natural gas used for LPG production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet a part of their requirement for CNG/piped cooking gas supplies, according to an official order.

Sensex, Nifty tank nearly 1% on selloff in banking, IT stocks

Equity benchmark indices Sensex and Nifty buckled under selling pressure to settle nearly 1 per cent lower on Friday as investors pared exposure to bank and IT stocks ahead of the earnings season starting next week.

Rural Poverty Declines Sharply in FY24 at 4.86%

Rural poverty has declined significantly to 4.86 per cent in the fiscal ending March 2024 from 25.7 per cent in 2011-12, mainly driven by government support programmes, said an SBI research released on Friday.

Rupee falls 4 paise to close at record low of 85.79 per US dollar

The rupee depreciated 4 paise to close at a record low of 85.79 against the US dollar on Friday, as strong dollar demand from importers and a muted trend in domestic equities weighed on investors' sentiments.

Attack on Sarpanch's Car 'Staged'

The attack on the car of a sarpanch in Maharashtra's Dharashiv district on December 26 was allegedly staged by him to boost his chances of getting a weapon's licence, a police official said on Thursday.

MP Bhumre gives deadline for Dnyaneshwar Garden

\"The renovation and beautification of the Sant Dnyaneshwar Garden in Paithan is in progress. It should be opened for the tourists by January 26, and the administration should plan accordingly,\" directed MP Sandipan Bhumre to the officers. He was speaking during the review meeting of the garden work at the district collectorate on Thursday.

1.5 cr women take benefit of Mahila Samman Scheme

The Mahila Sannaman scheme offers women passengers a 50% concession on MSRTC bus fares

Fool-proof plan to embezzle money

CHHATRAPATI SAMBHAJINAGAR - Divisional Sports Complex fraud shakes city

Journalist receives Marathwada Bhushan

The award was constituted by the Marathwada Samanvaya Samiti, Pune, and was presented for Vinod Chavan's exemplary and exceptional contributions to education and social work.

400 new PMPML bus shelters to be constructed

In a significant move to upgrade the city's public transport network, Pune Mahanagar Parivahan Mahamandal Limited (PMPML) has announced the installation of 400 new bus shelters across Pune and Pimpri-Chinchwad.

RETIRED PMPML EMPLOYEES PROTEST OVER UNPAID DUES

Pune Matters - Around 2,300 retired PMPML employees have been struggling since 2017

23rd Pune Int'l Film Fest Rescheduled

The 23rd edition of the Pune International Film Festival (PIFF) has been rescheduled; it will now be held from February 13 to 20. Earlier, it was scheduled to be held from January 16 to 23. This announcement was made by PIFF Director Dr. Jabbar Patel at a press conference.

Only 967 fined for spitting in public in 2024

Spitting in a public place is a punishable offence. However, fines are rarely levied upon the culprits. Pune Municipal Corporation (PMC) data reveals that only 967 actions were taken against people for spitting in public from January 2024 to December 2024. In 2023, the PMC took action against 1,248 people, while in 2022, action was taken against only 138 violators. In 2021, there were 737 actions, and in 2020, 1,650 actions were recorded.

Direct flight launched between PNQ and IXE

In good news for Punekars, a direct Air India Express flight between Pune and Mangalore will begin today (January 4) to boost regional connectivity.

3 New E-bus Charging Stations To Be Established In Hinjawadi

Speaking to The Free Press Journal, Nitin Narvekar, Joint Managing Director of Pune Mahanagar Parivahan Mahamandal Ltd (PMPML), said three new charging stations for electric buses will be set up at Hinjawadi.

PMPML's maintenance woes continue

The Pune Mahanagar Parivahan Mahamandal Limited (PMPML) is grappling with a persistent maintenance crisis, with over 15% of its buses regularly off the roads and parked in the garage due to repair works. Recent data provided by PMPML reveals that in 2024, 15,719 buses experienced breakdowns, a slight improvement from 17,784 in 2023.

PCMC's 'Lighthouse Kaushalyam' empowers youth

In a testament to its powerful impact on youth development, the 'Lighthouse Kaushalyam' initiative has successfully secured 1,204 job placements in the 2024-25 period, solidifying its role as a catalyst for career advancement in Pimpri-Chinchwad.

Shinde Sena targets 35-40 seats

As the dust settles after the Assembly polls and the formation of the government in Maharashtra, the Mahayuti alliance has turned its focus to the upcoming local body elections.

River regulation zone: Greens say no lessons learnt

Even a decade after scrapping the River Regulation Zone (RRZ) in Maharashtra, no lessons have been learnt to safeguard the river banks despite a series of floods and flash floods in Kalyan Shil, Badlapur and Chiplun, environmentalists said quoting information obtained under the Right to Information (RTI) Act.

Bid to extort ₹1 cr from man in rape case

The Charkop police have registered an FIR against four persons for allegedly attempting to extort Rs 1 crore from a married man after having him arrested in a rape case.

₹96 L rly job fraud: Man acquitted for want of evidence

Case registered on complaint of a man from Nerul

Lokhandwala-Yari Rd bridge hits a new stumbling block

HANGING IN BALANCE - The tender was first issued in 2014; 48 mangrove trees need to be cut for the much-needed project

Modern Classrooms Land City Principal on NCSL Event List

The headmaster of Lion MP Bhuta Sion Sarvajanik School in Mumbai, Jagdish Indalkar, has been selected as one of the 55 leaders to participate in the national school leaders' conference.

Broker gets relief in SEBI case due to torn cover

Broker was fined ₹5 lakh for alleged violations; case dates back to 2014

Hi-tech ROVs to scan BWSL; first in 16 yrs

Costing ₹7cr, move aims to check underwater areas

2 Airport Staff Caught for Gold Smuggling

The Directorate of Revenue Intelligence (DRI) on Friday claimed to have busted a four-member gang, including two persons working at the Mumbai airport, instrumental in gold smuggling.