Tag Archives: Crore

Exclusive | Kishore Biyani’s Future Lifestyle Fashions looks to raise Rs 200-225 crore via rights or preference issue

Retail tycoon Kishore Biyani’s flagship fashion business Future Lifestyle Fashions, which backs brands like Lee Cooper, John Miller and Indigo Nation, is evaluating options to raise funds and push for flexible debt repayment to revive its operations, people familiar with the matter told Moneycontrol. These discussions are gathering pace as Future Group battles high promoter level debt, sharp fall in ... Read More »

Hero Motocorp aims to become ‘future of mobility’, invests ₹10,000 crore in R&D

Jaipur: Hero Motocorp will invest ₹10,000 crore in research and development (R&D) in the next 5-7 years, Pawan Munjal, Chairman and Managing Director said on Tuesday. Munjal also announced the new vision and mission of Hero Motocorp called ‘ Be the future of mobility’. Speaking at Hero World 2020 at the company’s Centre for Inovation and Technology, Munjal said the ₹10,000 crore investment in ... Read More »

Auto Expo 2020 Live Updates: Mercedes launches its fastest ever AMG car; bookings start at Rs 2.42 crore

Auto expo 2020 India: Luxury carmaker Mercedes-Benz launched its faster ever car AMG at the Auto Expo 2020 on Wednesday. Booking starts from Wednesday at Rs 2.42 crore. The car is a four-door coupe and is the world’s fastest series production four-seater. Chinese car manufacturer, Great Wall Motors which is the largest SUV maker in China unveiled SUVs under Haval brand and electric products at ... Read More »

Allu Arjun buys a swanky new car worth Rs 2.3 crore; calls it a ‘beast’

And Allu Arjun’s love for cars – his most priced posessions continues! The Telugu superstar, who had recently made headlines for buying a royal vanity van ‘Falcon’ has now added yet another member to his family – a beast in the form of a Range Rover. He introduced his new ride on Instagram with a caption saying, “New Car in the House ... Read More »

“BJP Destroying Future”: Congress Slams Centre After 1 Crore Trees Cut

Environment Ministry permitted cutting of over 1 crore trees in the last 5 years (Representational image) NEW DELHI:  The Environment Ministry permitted cutting of over 1 crore trees in the last five years for development work, it informed Parliament on Friday. Responding to a question in Lok Sabha, Minister of State (MoS) for Environment Babul Supriyo said the ministry gave ... Read More »

Used car market size can be ₹50, 000 crore by 2022: Mahindra First Choice

The size of India’s pre-owned or second-hand car market could be between 6.7 million units and 7.2 million units by 2022, with the value of the segment pegged at ₹50,000 crore, according to a sector outlook released by Mahindra First Choice Wheels Ltd, the pre-used car business of Mahindra and Mahindra Ltd. According to the report, the share of organized retail ... Read More »

Future Retail raises ₹2,000 crore through issue of warrants to promoter entity

NEW DELHI: Future Retail Tuesday said it has raised nearly₹2,000 crore through issue of warrants to its promoter group entity on a preferential basis. “The committee of directors of the company has inter-alia considered and allotted 3,96,03,960 equity warrants at a price of ₹505 per warrant, each convertible into or exchangeable for one equity share of face value of ₹2 each…to Future Coupons ... Read More »

Future Consumer to raise Rs 350 crore, acquire Athena Life Sciences brands

Kishore Biyani’s Future ConsumerNSE 1.57 % said it plans to raise Rs 350 crore from existing investors – International Finance Corporation, Verlinvest and promoters to fund expansion plans. IFC, a member of the World Bank Group will invest Rs 210 crore while Verlinvest SA, an investment companyNSE 0.22 % of Belgium-based founding families of Anheuser-Busch InBev, will invest Rs 70 crore through preferential allotment of compulsory ... Read More »

Bugatti La Voiture Noire is the most expensive new car of all time at Rs 131.33 crore

The French luxury brand Bugatti is known for making super expensive cars. With every new introduction, the company sets the bar higher. Now its one-off hyper sports car La Voiture Noire has sold for 16.7 million euros or Rs 131.33 crore (the amount includes the price of the car along with the taxes), making it the most expensive new car ... Read More »

Used car platform Truebil raises ₹100 crore

Omni-channel platform for buying and selling used cars Truebil has raised ₹100 crore in Series B round through a mix of equity and debt. With this round, the total funds raised by Truebil stands at ₹160 crore. The latest round was led by leading Japanese investor Joe Hirao, founder of Tokyo-based classified website ZIGExN. Existing investors Kalari, Inventus, Kae, Shunwei, and Tekton ... Read More »