Tag Archives: Crore

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 »

Lamborghini Urus SUV Launched In India; Priced At ₹ 3 Crore

Lamborghini has launched the Urus SUV in India and has priced it at ₹ 3 crore (ex-showroom India). The Italian car maker’s performance SUV has been in the making for a long time now and is only the second SUV in the company’s history, as supercars had taken precedence. The Lamborghini Urus, however, distinguishes itself as a slightly practical car that is ... Read More »

Lexus LX 450d SUV Has Been Priced At 2.32 Crore In India

Having arrived in India earlier this year, Lexus has announced prices for its flagship SUV – the Lexus LX450d in the country. The luxury SUV is priced at ₹ 2.32 crore (ex-showroom, Delhi) and will be taking on the Land Rover Range Rover Autobiography that packs similar levels of luxury. While Lexus LX450d was announced for India alongside the other ... Read More »

Government Permits 12 PSU Banks To Raise Rs. 3,000 Crore From Market

New Delhi: In a bid to strengthen capital base of public sector banks (PSBs), the government has allowed 12 lenders to raise nearly Rs. 3,000 crore via preferential shares over and above the Rs. 22,915 crore capital support committed to them in July last year. The Finance Ministry granted approval to 12 proposals of PSBs to raise a sum of ... Read More »

HDFC Gets Nod To Raise Rs 3,000 Crore Through Masala Bonds

Mumbai: Having already exhausted a Rs 5,000 crore limit to issue masala bonds, mortgage major HDFC on Saturday said the Reserve Bank of India has granted it permission to raise another Rs 3,000 crore from the newly emerging route. “We have approval from the RBI to raise more money. I think, we have approval for Rs 3,000 crores. But, we ... Read More »

1 Crore ‘Mistakenly’ Deposited In Labourer’s Account

Bhopal: A whopping Rs. 1,00,10,000 (one crore ten thousand) were deposited in a dormant account of a labourer at Khidiya branch of Bank of India in Hoshangabad district of Madhya Pradesh after demonetisation. Bank officials said it was a “clerical mistake”. Asaram Vishwakarma, the labourer, learnt about the fortune sitting in his account with the Bank of India branch when ... Read More »