Monday 17th February 2020,
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Budget 2020: Govt allocates 99,300 cr for education sector, to introduce FDI

Budget 2020: Govt allocates 99,300 cr for education sector, to introduce FDI

Nirmala Sitharaman made important announcements about the education and skill development sectors in her budget speech on February 1, 2020. (Photos: India Today/Vikram Sharma and Lok Sabha TV) Finance Minister Nirmala Sitharaman announced an allocation of Rs 99,300 crore for the education sector and Rs 3000 crore for skill development in her 2020-2021 Union Budget [...]

February 1, 2020 Loknath Das Education Comments Off on Budget 2020: Govt allocates 99,300 cr for education sector, to introduce FDI

MFs’ asset base from small towns up 46pc to Rs.3.5 lakh cr

MFs’ asset base from small towns up 46pc to Rs.3.5 lakh cr

Contribution of the country’s small towns to mutual funds asset base surged 46 per cent to Rs.3.5 lakh crore by June-end due to initiatives taken by markets watchdog Sebi and the sectoral regulator Amfi. Mutual funds’ assets under management (AUM) from B15 locations – small towns beyond top 15 (T15) cities – grew from Rs.2.42 [...]

July 30, 2017 Loknath Das Business Comments Off on MFs’ asset base from small towns up 46pc to Rs.3.5 lakh cr

Banks eyeing ‘resolution’ of Rs.1.5 lakh cr. stressed assets

Banks eyeing ‘resolution’ of Rs.1.5 lakh cr. stressed assets

Enthused by speedy recovery of loans worth $2.5 billion by three lenders, including ICICI Bank, within days of a mega $13-billion Essar deal, banks are now looking at the resolution of stressed assets totalling about 1.50 lakh crore in the coming months. Having broadly completed the first two stages of ‘recognising’ the stressed assets and [...]

October 24, 2016 Saheli Business Comments Off on Banks eyeing ‘resolution’ of Rs.1.5 lakh cr. stressed assets

L&T Tech raises Rs 268 cr from 13 anchor investors

L&T Tech raises Rs 268 cr from 13 anchor investors

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September 10, 2016 Saheli Technology Comments Off on L&T Tech raises Rs 268 cr from 13 anchor investors

A.P. gets Rs. 1,976 cr. special assistance

A.P. gets Rs. 1,976 cr. special assistance

The Centre on Thursday announced a ‘special assistance’ of Rs. 1,976.5 crore for residual Andhra Pradesh to help it tide over the financial impact caused by the bifurcation of the erstwhile undivided State. MPs from the State had raised the issue in the recently-concluded session of Parliament and the State Finance Minister Yanamala Ramakrishnudu had [...]

August 19, 2016 Saheli News Comments Off on A.P. gets Rs. 1,976 cr. special assistance

Deposit Rs. 15 cr., Supreme Court tells Unitech Ltd.

Deposit Rs. 15 cr., Supreme Court tells Unitech Ltd.

Embattled real estate firm Unitech Ltd. was on Wednesday directed by the Supreme Court to deposit Rs. 15 crore principal amount by September-end to pay back investors who had bought flats in its Gurugram project but not got possession on time. “We feel pained,” a Bench of Justices Dipak Misra and U.U. Lalit said while [...]

August 17, 2016 Saheli News Comments Off on Deposit Rs. 15 cr., Supreme Court tells Unitech Ltd.

Deposit Rs. 15 cr., Supreme Court tells Unitech Ltd.

Deposit Rs. 15 cr., Supreme Court tells Unitech Ltd.

Embattled real estate firm Unitech Ltd. was on Wednesday directed by the Supreme Court to deposit Rs. 15 crore principal amount by September-end to pay back investors who had bought flats in its Gurugram project but not got possession on time. “We feel pained,” a Bench of Justices Dipak Misra and U.U. Lalit said while [...]

August 17, 2016 Saheli News Comments Off on Deposit Rs. 15 cr., Supreme Court tells Unitech Ltd.

Indiabulls Real Estate raises Rs 25 cr via NCDs

Indiabulls Real Estate raises Rs 25 cr via NCDs

Indiabulls Real Estate   said that it has raised Rs 25 crore by issuing non-convertible debentures (NCDs). Last month, the Mumbai-based company had announced that it proposed to raise up to Rs 200 crore through issue of NCDs on a private placement basis. So far, the company has raised Rs 131 crore in three tranches. In a filing to the [...]

July 17, 2016 Saheli Real Estate Comments Off on Indiabulls Real Estate raises Rs 25 cr via NCDs

SBM head cashier goes missing with Rs. 1.5 cr.

SBM head cashier goes missing with Rs. 1.5 cr.

Devireddy, head cashier in the State Bank of Mysore branch in Sirguppa, is reported to be missing after allegedly taking away Rs. 1.5 crore in cash from the bank’s currency chest. Based on a complaint from the Chief Manager of the bank, Ravi Hegde, on Tuesday, Sirguppa police swung into action and recovered Rs. 1.1 [...]

April 7, 2016 Saheli News Comments Off on SBM head cashier goes missing with Rs. 1.5 cr.