Bharti Airtel is planning to invest a sum of Rs 1.17 lakh crore in its various subsidiaries in India over the span of next five years to strengthen its infrastructure in India. According to a PTI report, the company is planning to invest the amount via business transactions with its subsidiaries like Indus Towers, Nxtra and Bharti Hexacom. Also Read – Google ... Read More »
There is no relationship between the revenue generated by IITs and the annual budget allocated to them by the ministry in the form of grants-in-aid, a senior HRD ministry official said. Photo HT New Delhi: The revenue generated by IIT-Bombay in the last three years through research, inventions, consultancy and patents was the highest among the premier engineering institutes, according to ... Read More »
Tech Mahindras profit fell 33 per cent annually to Rs. 590 crore in Q4. HIGHLIGHTS Tech Mahindra shares fell as much as 17% today It reported 33% decline in March quarter profit on Friday Tech Mahindra is the fifth-biggest software services provider in India Shares of India’s fifth-biggest software services provider Tech Mahindra tanked as much as 17 per cent ... Read More »
The Tata Group has a rich heritage of collaboration with world-renowned academic institutions, including in the United Kingdom. The partnership with the Royal Society is in keeping with that tradition, Cyrus P. Mistry, chairman of Tata Sons said. New Delhi: Tata Group companies will give £5.6 million (approximately Rs.54.3 crore) to the Royal Society, the UK’s top academy of science, ... Read More »
The government has eliminated 1.6 crore duplicate and bogus ration cards that will help save about Rs. 10,000 crore in subsidy bill annually. NEW DELHI: The government has eliminated 1.6 crore duplicate and bogus ration cards that will help save about Rs. 10,000 crore in subsidy bill annually, said Finance Secretary Ashok Lavasa. In addition, the government has saved Rs. ... Read More »
Finance Secretary Ashok Lavasa said the government has eliminated 1.6 crore duplicate and bogus ration cards. New Delhi: The government has eliminated 1.6 crore duplicate and bogus ration cards that will it help save about Rs 10,000 crore in the subsidy bill annually, said Finance Secretary Ashok Lavasa. In addition, the government has saved Rs 14,872 crore by offering subsidy on cooking gas (LPG) ... Read More »
New Delhi: Indiabulls Housing Finance on Saturday said it is planning to raise Rs 300 crore through issuance of non-convertible redeemable debentures. “The company proposes to issue 30,000 unsecured non-convertible redeemable debentures (Tier-II) in the nature of subordinated debt with a face value of Rs 1 lakh each aggregating to Rs 300 crore (plus greenshoe option) on a private placement basis,” ... Read More »
Investors in the primary market have reasons to cheer, with many of the recent initial public offers (IPOs) returning huge listing gains. Blockbuster listings of Dr Lal PathLabs, Alkem Labs, TeamLease Services, Thyrocare Tech and more recently Mahanagar Gas, have boosted the confidence of retail investors in IPOs. It’s no surprise that some of the recent IPOs have therefore attracted ... Read More »
Shares of mobile operators fell sharply on Friday, following the Congress party’s allegation about a staggering Rs 45,000-crore telecom scam. Congress spokesperson Randeep Surjewala on Thursday alleged that the government is “surreptitiously taking steps to protect the interests of six leading telecom companies by helping them avoid the payment of charges rightfully owed to the government.” The telecom companies named ... Read More »
The Union Cabinet today approved auctioning of airwaves that could add lakhs of crores to the government’s coffers. Finance Minister Arun Jaitley termed the upcoming auction as the “biggest-ever” in India’s history. The mega-spectrum auction is estimated to fetch about Rs 5.66 lakh crore to the exchequer, which is more than double of telecom services industry gross revenue of Rs ... Read More »
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