Tag Archives: Crore

Foreign Investors Pour Rs 9,700 Crore Into Capital Markets This Month

New Delhi: Foreign investors have brought in over Rs 9,700 crore into the Indian capital markets in the first two weeks of this month on improving prospects for the economy and hopes of better corporate earnings. Interestingly, most of the incoming investments are in the debt markets during the period under review. The investment in July is followed by an ... Read More »

Tata Power To Raise Rs. 3,500 Crore Via Debentures

Tata Power board approved raising up to Rs. 3,500 crore through issuance of non-convertible debentures. New Delhi:┬áTata Power on Monday said that its board has approved raising up to Rs. 3,500 crore through issuance of non-convertible debentures in one or more tranches on a private placement basis. “The Board of Directors of the Company at its meeting held on July ... Read More »

Tata Group-Owned Taj Boston Hotel Sold For Rs 850 Crore

IHC, which runs the Taj group of hotels, said sale proceeds will be utilized to retire outstanding debt. New Delhi: Indian Hotels Company (IHC), a Tata Group firm, has completed sale of its Taj Boston hotel for $125 million (about Rs 839 crore). “United Overseas Holdings effected on July 12 the divestment of Taj Boston Hotel through sale of the ... Read More »

Airtel Signs Rs 3,500 Crore Spectrum Deal With Aircel Ahead Of Jio Launch

Bharti Airtel is set to become a pan India 4G operator post the deal Bharti Airtel has been moving swiftly to expand its 4G footprint ahead of the likely launch of Reliance Jio’s serviceslater this month. On Friday, India’s biggest mobile carrier announced a deal to acquire 20 MHz of Aircel’s 4G spectrum in eight circles of Tamil Nadu, Bihar, ... Read More »

Uber to Invest 120 Crore in Haryana to Help Create Smarter Cities

Ever since its inception in 2009, the Uber smartphone application has taken the taxi service industry by storm in several markets. It connects riders with drivers and has helped reduce the dependency of people on their own private modes of transport as it offers an affordable, convenient and safe alternative. The company’s strategy has worked so well that today, the ... Read More »

1% Cut in Corporate Taxes to Cost Exchequer Rs 15K crore: Adhia

New Delhi: Finance Ministry today said it refrained from reducing the corporate tax rate by 1 per cent in 2016-17 Budget as it would have resulted in revenue sacrifice of Rs. 15,000 crore and impacted the fiscal consolidation programme. “The Finance Minister had his own limitations in terms of resources… You know how much the bill is going to come ... Read More »

Datawind to Invest Rs. 100 Crore on Third Manufacturing Facility

Encouraged by the Make in India push, Aakash-maker DataWind intends to spend Rs. 100 crore on a third manufacturing facility and is in talks with eastern states including West Bengal and Bihar, its CEO stated. “We have earmarked Rs. 100 crore to set up a third manufacturing unit and are in talks with eastern states including West Bengal and Bihar ... Read More »

Ferrari 488 GTB Launched in India; Priced at 3.88 Crore

Italian marque Ferrari has launched its 458 Italia successor in India today called the Ferrari 488 GTB. The 488 has been priced at 3.88 crore (ex-showroom, Delhi) and is now available to purchase from Ferrari dealerships in the country. Despite having made some famous cars over its illustrious past, the Prancing Horse began a new chapter in its life with ... Read More »

IL&FS Engineering Q3 Net Loss at Rs 79 Crore

New Delhi: IL&FS Engineering and Construction company on Saturday reported a net loss of Rs 78.57 crore for the quarter ended December 31, on account of dip in income. The company had clocked a net profit of Rs 76.52 crore for the October-December period last fiscal. Total income from operations during the quarter under review declined to Rs 437.42 crore ... Read More »

Dr Lal PathLabs Q3 Profit More Than Doubles to Rs 61 Crore

New Delhi: Diagnostic services provider Dr Lal PathLabs on Saturday reported over two-fold jump in consolidated net profit at Rs 60.82 crore for the third quarter ended December 31, 2015. The company had posted a net profit after taxes and minority interest of Rs 22.66 crore for the corresponding period of the previous fiscal, Dr Lal PathLabs said in a ... Read More »