Tag Archives: Crore

HDFC to invest ₹100 crore every year in tech startups: Deepak Parekh

NEW DELHI : Mortgage finance major HDFC is mulling to invest up to ₹100 crore per year in technology startups, its chairman Deepak Parekh said on Tuesday. The largest mortgage lender will install a dedicated team understanding the startup ecosystem to do the investments, he said. The announcement comes at a time when there is a lot of focus on the policy front to ... Read More »

Digital advertising to grow at 27% in 2020 to reach Rs 17,377 crore: DAN

MUMBAI: Digital advertising in 2019 witnessed a 26% increase over 2018 to reach Rs 13,683 crore, even as overall advertising witnessed a sober 9.4% growth, as per the latest report by the Dentsu Aegis Network. The report pointed out that digital continues to grow and will grow at 27% in the current year to reach Rs 17,377 crore by the end of 2020 and cross ... Read More »

DLF quarterly profit down 58% at Rs 109 crore, income up 9% at Rs 2,211 crore

India’s largest realty firm DLF today reported 58% decline in consolidated net profit at Rs 109.01 crore for the quarter ended June. Its net profit stood at Rs 261.85 crore in the year-ago period, the company said in a regulatory filing. Total income, however, rose by 9% to Rs 2,211.24 crore in the first quarter of this fiscal from Rs ... Read More »

Start-ups in Karnataka to receive Rs400 crore boost

A file photo. The Karnataka government will hold open houses to identify startups in Mangaluru, Kalaburgi, Mysuru and Hubli, after they had pitched their ideas to Elevate Team, said state IT and BT Minister Priyank Kharge. Bengaluru: The Karnataka government will spend Rs400 crore to ‘elevate’ 100 startups by providing them funds and mentors to help them turn their ideas into ... 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 »

Banks Receive Rs 12.44 Lakh Crore Of Old, Invalid Notes So Far, Says RBI

Mumbai: Banks have taken back Rs 12.44 lakh crore ($184.24 billion) of high-value currency that the government abruptly abolished last month, Reserve Bank of India Deputy Governor R Gandhi said on Tuesday. That represents about 80 percent of the Rs 15.44 lakh crore in 500- and 1,000-rupee notes that were circulating before Prime Minister Narendra Modi abolished them on Nov. ... Read More »

SBI Net Dips 99.6% To Rs 20.7 Crore On Mounting Bad Loans

Mumbai: A massive pile up of bad loans at its subsidiaries pulled down by 99.6 per cent the consolidated net profit of nation’s largest lender SBI to Rs 20.7 crore for the September quarter, while its standalone provisioning rose 3-fold. The bank had reported net profit of Rs 4,991.70 crore in the same quarter of last financial year, 2015-16. The ... Read More »

SBI’s ‘Demonetisation Deposits’ Swell To Rs 75,945 Crore

SBI has seen Rs. 75,945 crore in deposits since the demonetisation of currency notes on November 8. Chennai: India’s largest lender State Bank of India (SBI) has seen Rs. 75,945 crore in deposits since the demonetisation of high-denomination currency notes on November 8, said a senior official on Sunday. “The cumulative deposits (of invalid Rs. 500 and Rs. 1,000 notes) ... Read More »