Tag Archives: crore

Veritas Finance raises Rs 350 crore from Kedaara Cap, others

Veritas Finance has created a loan book of Rs 1,308 crore as February 29, 2020, with a customer base of 48,638 across eight states and one union territory Veritas Finance, the Chennai-based non-banking financial company (NBFC) focused on lending to micro, small, medium enterprise (MSME), on Thursday announced that it has raised Rs 350 crore through a Series E investment ... Read More »

Bajaj Finance posts 52% rise in Q3 profit, sets aside ₹85 crore for Karvy loan

Consumer durable lender Bajaj Finance on Wednesday reported a 52% year-on-year (y-o-y) rise in consolidated net profit of ₹1,614.11 crore, its highest-ever quarterly profit, on the back of healthy interest income. Bajaj Finance’s interest income surged 39% y-o-y to ₹6,104.84 crore in the December quarter of FY20. The other large component of its revenues was in the form of fees and commission ... Read More »

Cholamandalam Finance to raise Rs 400 crore tier-II debt

Cholamandalam Investment and Finance Company Ltd (CIFCL) on January 10 said it would raise Rs 400 crore tier-II debt from the UK-based CDC Group Plc through unsecured, subordinated, rupee denominated masala bonds. The masala bonds were Cholamandalam Investment and Finance Company’s maiden issue which may be listed on the London Stock Exchange in future. “CDC and CIFCL have joined hands to ... Read More »

Finance ministry turns down MoRTH’s demand for Rs 43,000 crore hike in outlay

Of the total budgetary support for the current fiscal, MoRTH has already spent Rs. 51,798 crore or 62% by September end, as per the Controller General of Accounts data. Despite the apparent thrust being given to infrastructure spending, the finance ministry has rejected the road transport and highway ministry’s demand for hiking the budget outlay for it by Rs. 43,000 ... Read More »

Budget 2019: Education sector gets ₹94,854 crore, research gets leg up

NEW DELHI: The union budget Friday allocated ₹94,853.64 crore for education sector in 2019-20, an increase of nearly₹10,000 crore of what 2018-19 budget estimates had pegged for the sector. While in 2018 budget estimate had pegged ₹85,010 crore, the revised budget had curtailed this number to ₹83,625.86 crore, the budget documents showed Friday. Of the total ₹94,853. 64 crore education budget, ₹56, 536.63 crore has been pegged for ... Read More »

Higher education in India gets a Rs 8,000 crore boost

Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 trillion. Photo: HT New Delhi: To increase investment in higher educational institutions, the Union Cabinet today approved a proposal for expanding the scope of Higher Education Financing Agency (HEFA) by expanding its capital base to Rs 10,000 crore and tasking it to mobilise Rs 1 ... Read More »

BCCI hikes top cricketer salaries to Rs7 crore from Rs2 crore

In the new BCCI central contracts, Virat Kohli (left) will make Rs7 crore while R. Ashwin (centre) and M.S. Dhoni will be paid Rs5 crore each. Photo: Reuters New Delhi: Former India captain Mahendra Singh Dhoni and senior off-spinner Ravichandran Ashwin found themselves relegated from the top-paid bracket with the Board of Control for Cricket in India (BCCI) on Wednesday introducing ... Read More »

TeamLease acquires 40% stake in Schoolguru for Rs13 crore

The purchase of additional stake by TeamLease is linked to Schoolguru’s future performance and meeting its milestones. New Delhi: Staffing services firm TeamLease Services on Wednesday said it has acquired 40% stake in online learning company Schoolguru Eduserve Pvt Ltd for Rs13.53 crore, a move that will accelerate TeamLease’s employability strategy. Both the companies have signed a definitive agreement to this ... Read More »

Piramal Realty Buys Nirmal Lifestyle Land For Rs 153 Crore In Mulund

Piramal Realty, the real estate arm of Ajay Piramal-led Piramal Group, said on Tuesday (03rd October) that it has acquired a premium 13008 sq.mts. (3.2 acres) the land parcel in Mulund, Mumbai from rival Nirmal Lifestyles for an amount of Rs 153 crore. This land parcel is located, adjacent to Piramal Revanta – an existing residential project in the central ... Read More »

Piramal Realty to acquire land from Nirmal Lifestyle for Rs153 crore

Piramal Realty on Tuesday said it has agreed to buy a 3.2 acre land from Mumbai-based real estate developer Nirmal Lifestyle Ltd for Rs153 crore. The land is located, adjacent to Piramal Revanta—a residential project currently being developed by Piramal Realty at Mulund area in Mumbai, the company said in a statement. “At Piramal Realty, we are committed to enhancing ... Read More »