Tag Archives: crore

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 »

‘India Well On Path To Produce 50 Crore Mobile Phones By 2020’

‘Made in India’ phones have seen significant growth, with the number of such devices poised to touch the 50 crore mark by 2019-20, an official said. “In 2014, we produced 6 crore mobile phones. In 2016-17, we produced 17.5 crore mobile phones and we are well on path to producing 50 crore mobile phones by 2019-20,” IT Ministry Additional Secretary ... Read More »

16-year-old class 12 boy bags 1.4 crore offer from Google

16-year-old class 12 boy bags 1.4 crore offer from Google The 16-year-old boy, Harshit Sharma has bagged a job at google for icon designing. 16-year-old class 12 boy bags 1.4 crore offer from Google The 16-year-old boy, Harshit Sharma has bagged a job at Google for icon designing. The Chandigarh boy whopped an annual package of Rs 1.44 crore. Now ... Read More »

PremjiInvest buys 3.26% stake in Future Lifestyle for Rs 196 crore

PremjiInvest, the investment arm of Wipro Chairman Azim Premji, on Monday bought 3.26 percent stake in Kishore Biyani’s Future Lifestyle Fashions Ltd (FLFL) for nearly Rs 196 crore through open market transactions. As per the block deal data available with NSE, PI Opportunities Fund 1, part of PremjiInvest, today purchased 62 lakh shares, or 3.26 percent stake, in FLFL. The ... Read More »

Punjab enhances annual grant to Panjab University by Rs 7 crore

IN A major relief to the financially hit Panjab University, the Punjab government in its annual budget on Friday announced an increase of Rs 7 crore in its annual grant to the university. The Ministry of Human Resource Development (MHRD) too has increased its annual allocation to the university to Rs 207.80 crore from last year’s Rs 198 crore and ... Read More »