Maharashtra

Justo Realfintech files draft papers with BSE SME to raise funds via IPO

Justo Realfintech, a real estate solution provider, has filed its preliminary papers with BSE SME to raise funds through an initial public offering (IPO). The IPO is entirely a fresh issue of up to 49.61 lakh equity shares with a face value of Rs 10 each, and the shares of the company are proposed to be listed on the BSE's SME platform, according to the draft red herring prospectus (DRHP) filed on Wednesday. The net proceeds from the IPO, worth Rs 36.5 crore, will be used by the firm towards long-term working capital requirements, and Rs 6.30 crore will be used for funding investment in development of software and a technological platform. The company will also plan to use the funds worth Rs 5 crore towards repayment of debt and the balance for general corporate purposes. Incorporated in 2019, Maharashtra-based Justo Realfintech provides solutions, including decisions on pricing and sizing of the projects to real estate developers and enabling the delivery of the products to end ..

12 of 48 departments score 100% in Maharashtra govt's 100-day report card

A dozen of the 48 Maharashtra Government departments have scored a perfect 100 in their 100-day report card, Chief Minister Devendra Fadnavis announced on Thursday. Fadnavis, after taking charge as chief minister in December last year, had set a 100-day programme for each department, setting ambitious targets. As many as 18 other departments have achieved more than 80 per cent of their targets in the 100-day period, Fadnavis said on X. Ten departments have achieved between 60 and 79 per cent of their targets, while eight departments have recorded below 60 per cent target achievement, he said. The departments with 100 per cent target completion include water resources, home, rural development, animal husbandry, ports, higher and technical education, labour, textiles, cultural affairs, mining, dairy development and employment guarantee scheme.

Prez Murmu, PM Modi greet citizens on Gujarat, Maharashtra formation day

President Droupadi Murmu on Thursday greeted the people of Maharashtra and Gujarat on the formation day of their states, and expressed hope that the two states will play an important role in making India a developed nation. Gujarat and Maharashtra were formed on May 1, 1960 following the bifurcation of the erstwhile state of Bombay on linguistic grounds. "On the foundation day of Gujarat state, I extend my heartiest greetings to all my countrymen, especially my Gujarati brothers and sisters living in India and abroad. "This land of sons like Father of the Nation Mahatma Gandhi, who gave the message of peace and non-violence to the world, and Iron Man Sardar Vallabhbhai Patel, who united India, has always shown the way to humanity," Murmu said in a post on X in Hindi. The people of Gujarat have increased India's prestige across the world on the strength of their talent, dedication and hard work, she said. "I am confident that Gujarat will set new standards of progress and will make

Datanomics: 65 years on, Gujarat leads Maharashtra in key economic metrics

The shift is most stark in manufacturing - historically a core strength of Maharashtra

Govt approves policy to create 40,000 shipbuilding jobs in Maharashtra

The Maharashtra government on Tuesday approved a policy to transform the state into a major hub for building ships, undertaking their repair, recycling, and create a supportive ecosystem to develop skilled manpower for the key sector. Capital subsidy, financial assistance for skill development per projects and land at concessional rates or long-term leases to corporate entities interested in setting up facilities in the sector are key features of the policy approved by the state cabinet at its meeting in Mumbai. Ports Minister Nitesh Rane highlighted that India is surrounded by the sea on three sides and given its strategic importance in international trade, the Maharashtra government has resolved to transform the coastal state into a major centre for shipbuilding, repair, and recycling. "The state government has devised the Shipbuilding, Ship Repair, and Ship Recycling Policy, 2025. Given Maharashtra's strategic role in the maritime sector, a dedicated shipyard and recycling policy

Maharashtra Day 2025: Mumbai Police issues traffic advisory for May 1

Mumbai traffic police shared a road advisory for Maharashtra Day parade at Shivaji Park on May 1. Traffic rules will be effective from 6:00 am on the no-parking zones, road closures, and diversions

Shifting political equations: The new normal in Maharashtra's power play

Recent bonhomie among the Thackeray cousins, Pawar clan engagements, amid purported friction between Fadnavis and Shinde, could shape the contours of local body polls, writes ADITI PHADNIS

Strong sentiment across India to avenge Pahalgam terror attack: Ajit Pawar

Maharashtra Deputy Chief Minister Ajit Pawar on Friday said there is a strong sentiment across the country to avenge the Pahalgam terror attack in which 26 persons lost their lives. Pawar said the Indian Army will take decisive action against persons responsible for Tuesday's attack in Jammu and Kashmir, in which six tourists from Maharashtra were killed. Speaking at an event organised by the public health department here, the deputy chief minister said, "We have paid tributes to those who lost their lives in the attack, including six people from Maharashtra. There is a feeling across the country that the attack should be avenged. Prime Minister Narendra Modi has taken some key decisions such as suspension of the Indus Waters Treaty, and all ties have been snapped with them (Pakistan)." Innocent tourists were killed in such a "cowardly attack", he said, adding that everybody has condemned the act and it should not recur. Pawar said, "I have no doubt that our Indian Army will elimin

WR announces 35-hour mega block at Kandivali, train services to be affected

Western Railway on Thursday announced a 35-hour mega block on its suburban corridor for regirdering work of a bridge between Kandivali and Borivali. The block over the weekend will affect running of suburban and long distance trains, an official said. In a release issued this evening, WR said the block was for regirdering work of bridge number 61 on the 5th line, Carshed line and Kandivali Traffic Yard line. "The mega block is commence at 1 pm on April 26 and end at midnight in the intervening night of April 27 and 28," it said. Vineet Abhishek, chief public relations officer of Western Railway, said during the block period, suburban services and Mail/ Express trains running on the 5th line will be operated on fast lines. "Also, a few Mail/ Express trains will be affected while some suburban services will remain cancelled. Around 73 suburban services will remain cancelled due to the block on Saturday, while around 90 suburban services will remain cancelled on Sunday," he said. Tw

Govt has taken note of hospitals seeking deposit before treatment: Fadnavis

Maharashtra Chief Minister Devendra Fadnavis on Wednesday said the government has taken a serious note of the complaints that some hospitals do not treat patients without taking a deposit, and said instructions have been given to form a special inspection team to control charity hospitals. The special inspection team will be formed in coordination with the Charity Commissioner, Health Department and Chief Minister's Medical Assistance Cell, a statement from the Chief Minister's Office (CMO) said. Charity hospitals in the state should provide free treatment to patients from poor and vulnerable groups. Hospitals should register information about remaining beds and Indigent Patient Fund (IPF) in the online system, it said. Fadnavis was speaking at the review meeting of the Chief Minister's Relief Fund Cell and Charity Hospital Relief Cell . The meeting assumes significance in the backdrop of the death of a pregnant woman in Pune after she was alleged denied admission by Deenanath ...

IPO-bound Ather Energy banks on upcoming Maharashtra unit for growth

Sets price band of Rs 304-321 per share for IPO which opens on April 28

6 tourists from Maharashtra killed in Pahalgam attack: CM Fadnavis

Maharashtra Chief Minister Devendra Fadnavis has spoken to the families of people from the state who were targeted by terrorists in Jammu and Kashmir's Pahalgam and assured all help to them. Also, the Maharashtra government has requested the Civil Aviation Ministry to arrange a special flight to bring back the bodies of five persons from the state killed in the terror attack, a release from Deputy Chief Minister Eknath Shinde's office said on Wednesday. Terrorists struck a prime tourist location at Pahalgam in south Kashmir on Tuesday, killing at least 26 persons and injuring several others, according to officials. The deceased included two foreigners -- from the UAE and Nepal -- and two locals, officials said. Fadnavis in a post on X on Tuesday night said he had spoken to the families of some tourists from Nagpur and Pune who were injured in the terror attack and assured them of all help. Deputy CM Shinde had a telephonic conversation with Civil Aviation Minister K Rammohan Naidu

Vikram Solar bags 150 MW solar module supply deal from Maharashtra Power Co

Vikram Solar on Wednesday said it has secured a 150 MW solar module supply order from Maharashtra State Power Generation Co Ltd. The leading solar PV module manufacturer in a statement said it has bagged an order for a major renewable power project of 150 MW from Maharashtra State Power Generation Co Ltd (MAHAGENCO), a government of Maharashtra undertaking. The company will provide 150 MW of advanced N-Type Modules. The modules will be supplied in the districts of Jalgaon and Solapur in the state of Maharashtra to MAHAGENCO under Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) project 2.0. The order reinforces the Kolkata-headquartered company's standing as one of the premier names in India's Approved List of Models and Manufacturers (ALMM) list, the statement said. "We are proud to have secured this order, which marks another step forward in our mission to power a greener India through high-efficiency solar solutions. The trust placed in Vikram Solar is a reflection of our commitm

5 tourists from Maharashtra killed in Pahalgam attack: Eknath Shinde

Deputy CM has requested Union Civil Aviation Minister Ram Mohan Naidu to arrange a special flight to evacuate stranded tourists from Maharashtra

Cong accuses Mahayuti of spending ₹150 cr on cabinet meet; govt cites error

Maharashtra Congress president Harshvardhan Sapkal on Tuesday launched a scathing attack on the ruling Mahayuti coalition, accusing it of spending a whopping Rs 150 crore on preparations for a cabinet meeting in Ahilyanagar district. The BJP-led government, however, clarified it had given an advertisement for a tender of works worth Rs 1.5 crore for the proposed cabinet meeting, but the amount was published "incorrectly" as Rs 150 crore. In a post on X, Sapkal attached a tender notice published in newspapers stating that Rs 150 crore will be spent on mandaps (a temporary platform), staging, green rooms, toilets, barricading, sound, air conditioners, electricity, fire brigade and CCTV set up for the meeting. The notice states an e-tender will be floated on April 24. A cabinet meeting is scheduled on April 29 in Chondi, the birthplace of the legendary 18th century Malwa queen Ahilyabai Holkar, whose 300th birth anniversary year is being observed. Last year, the western Maharashtra .

Former Congress MLA Sangram Thopte joins BJP with supporters in Pune

Former Congress MLA Sangram Thopte on Tuesday joined the Bharatiya Janata Party (BJP) with his supporters from Bhor taluka in Pune district. Maharashtra BJP chief and state Revenue Minister Chandrashekhar Bawankule and the party's working president Ravindra Chavan welcomed Thopte into the fold. Thopte, who had represented the Bhor constituency in Pune district three times, was defeated by NCP candidate Shankar Mandekar in the 2024 assembly polls. His family is rooted in Congress tradition. Thopte is the son of party veteran Anantrao Thopte, who had represented Bhor six times and was an archrival of NCP (SP) chief Sharad Pawar. Thopte resigned from the party last week. Speaking on the occasion, Thopte said, "I was a hardcore Congressman. I worked for the party and the Maha Vikas Aghadi. But my work and loyalty weren't recognised. My father and I struggled for the party to ensure the Congress ideology reaches the grassroots." He said he had been a Congress loyalist, but the party f

Porsche case: Medical body suspends licences of doctors over blood swap

Nearly a year after the Porsche car crash involving a teenage driver in Pune, the Maharashtra Medical Council (MMC) on Monday suspended the licences of two doctors who were arrested for their alleged involvement in tampering with evidence in the case. Dr Ajay Taware and Dr Shrihari Halnor, working at government-run Sassoon General Hospital at the time of the incident, were accused of manipulating blood samples of the underage driver involved in the crash in which two software professionals were killed. "After both doctors were booked for allegedly swapping the juvenile's blood samples with those of his mother, the MMC took suo motu (on its own) cognisance and sought an explanation from them. "However, since they have been in (jail under) judicial custody, a personal hearing could not be held. Based on reports from various committees and the Pune police, the council has suspended their licences until the final outcome (of case) ," said Dr Vinky Rughwani, administrator of the MMC. .

Mahindra Logistics Q4 PAT jumps 67% YoY to ₹13.1 cr, revenue at ₹1,293 cr

Mahindra Logistics on Monday reported 67 per cent year-on-year jump in standalone profit after tax (PAT) to Rs 13.12 crore in three months to March over the same period last year. The standalone PAT for the March quarter of 2023-24 was recorded at Rs 7.86 crore, Mahindra Logistics Ltd said in a statement. Standalone revenue for the quarter under review stood at Rs 1,293 crore as compared to Rs 1,183 crore in the March quarter of FY 24. For the full fiscal 2024-25, standalone PAT declined 30 per cent to Rs 43.50 crore from Rs 61.98 crore in FY24 while revenue for the April-March period of last fiscal stood at Rs 5,013 crore from Rs 4,530 crore, a growth of 10 per cent year-on-year, in the same period year-ago, the company said. "During the quarter, we saw a positive trend of revenue growth, with YoY growth of 8 per cent driven by growth in 3PL logistics contract logistics and Express. For the full year, revenue grew by 11 per cent driven by account additions, new offerings and new .

3 killed, 12 injured as truck hits multiple vehicles on highway in Pune

Three persons were killed and 12 others injured after a truck crashed into five vehicles on the old Pune-Mumbai highway near Lonavla hill station here in Maharashtra, police said on Monday. The incident took place at 10.20 pm on Sunday at Battery Hill near Bor Ghat. The truck apparently suffered a brake failure while descending a slope. It then ran amok and hit five vehicles, a police official said. "A 10-year-old girl and her father, who were travelling in a car, and another person died in the accident," Lonavla police station's senior inspector Suhas Jagtap said. Twelve other persons were injured and rushed to a nearby hospital where they were currently undergoing treatment, he added.

Primacy to Marathi, no imposition of Hindi in Maharashtra: Fadnavis

Maharashtra Chief Minister Devendra Fadnavis dismissed concerns over the "imposition" of the Hindi language in the state on Sunday, asserting that Marathi will continue to be compulsory. The opposition parties, particularly Shiv Sena (UBT) and the MNS, have alleged that Hindi is being imposed in Maharashtra after the state government gave its nod to implement the three-language formula under the NEP. "It is wrong to say that attempts are being made to impose Hindi. Marathi will be compulsory in Maharashtra. There will be no other compulsion," Fadnavis told reporters after attending a programme organised at the Bhandarkar Research Institute in Pune. Responding to the row over the government's approval to make Hindi a compulsory third language in schools, Fadnavis said, "We need to understand that Hindi has not been made mandatory instead of Marathi. The Marathi language is a must". He said the New Education Policy states that two of the three languages to be taught to students must