Tag Archives: Cr

Infra development through PPP to spur growth, create job; Projects worth Rs 27,514 cr in FY20 till date

NEW DELHI: Infrastructure development through pubic-private partnership spurs economic growth besides crating jobs and a related committee has approved projects worth Rs 27,514 crore this fiscal till date, a budget document said. It also said that government’s push towards infrastructure projects is expected to boost capital expenditure by 1.9 per cent of GDP by 2022-23. Finance Minister Nirmala Sitharaman had tabled the Union Budget ... Read More »

GDR manipulation: Sebi levies Rs 16 cr fine on Sanraa Media, its 6 officials

New Delhi: Regulator Sebi imposed a fine of over Rs 16 crore on Sanraa Media Ltd and its six officials in a matter related to manipulation of global depository receipts (GDRs). The order comes pursuant to an investigation conducted by Sebi in connection with several Indian companies that had issued GDRs in overseas market with the intention of defrauding Indian investors. Sebi found that ... Read More »

Nabard floats Rs 700 Cr venture capital fund for agri, rural startups

The National Bank for Agriculture and Rural Development (NABARD) has announced a Rs 700-crore venture capital fund for equity investments in agriculture and rural-focused startups. Nabard has been contributing to other funds till now, and this is the first time that the rural development bank has launched a fund of its own. The fund has been launched by Nabventures, a ... Read More »

Direct Tax Mop Up at Rs 5.54 Lakh Cr, Indirect at Rs 5.69 Lakh Cr: Government

New Delhi: Government has collected Rs 5,54,179 crore from direct tax as on February 29 and Rs 5,69,056 crore from indirect tax as on January 31 this fiscal, Parliament was informed today. According to revised estimate, Rs 7.52 lakh crore was estimated to come from direct taxes (corporate, and income tax) and another Rs 7.03 lakh crore from indirect taxes (customs, ... Read More »

Top Seven Companies Add Over Rs 1 Lakh Cr in Market Valuation

New Delhi: Amid a strong broader market trend, seven of the top-10 companies saw their cumulative market valuation zoom by a whopping over Rs 1 lakh crore last week. During the week, the Sensex surged by 1,492.18 points to end at 24,646.48, its biggest weekly gain in four years. Barring Sun Pharma, HUL and ONGC, rest seven companies led by ... Read More »

MFs Bullish on IT Stocks; Exposure at Record High of Rs 43,000 Cr

New Delhi: Mutual Funds remain bullish on software companies, raising their allocation to all time high of over Rs 43,115 crore last month in view of the weakening rupee, which increases IT exporters’ profitability. In comparison, equity fund managers’ deployment in software stocks was Rs 35,463 crore in January last year. Industry experts said that fund managers have been raising ... Read More »