Tag Archives: crore

PNB Housing Finance raises around ₹690 crore from IFC

New Delhi: PNB Housing Finance Ltd on Monday said it has raised $100 million (around ₹690 crore) from International Finance Corporation (IFC), a member of the World Bank Group, to finance the purchase of affordable housing projects. “The investment was made under the central bank’s automatic route in the revamped external commercial borrowings (ECB) framework,” PNB Housing Finance Ltd said in a regulatory ... Read More »

ICICI Bank buys 9.9% stake in Kisan Rural Finance for Rs 17.82 crore

ICICI Bank has bought a 9.9 percent stake in non-banking finance company Kisan Rural Finance for a cash consideration of Rs 17.82 crore. Kisan Rural, incorporated on December 7, 2017, had a net loss of Rs 4,800,000 (Rs 0.48 crore) on revenue of Rs 400,000 (Rs 0.04 crore) in FY2018. The deal will involve the acquisition of roughly 1.49 crore equity shares with ... Read More »

L&T Finance to launch Rs 1,500 crore NCD issue

Mumbai: L&T Finance said on Thursday it will launch a non-convertible debenture (NCD) issue to raise up to Rs 1,500 crore, yielding up to 9.35 per cent per annum. This tranche opens for subscription on March 6 and closes on March 20. The issue size is Rs 500 crore, with a greenshoe option of Rs 1,000 crore. These secured NCDs are rated ... Read More »

AYE Finance raises Rs 147 crore via fresh round of equity funding

CapitalG’s access to Google expertise in scaling businesses using analytics and technology will strongly supplement our approach. Non-banking financial company AYE FinanceNSE -0.08 % has raised Rs 147 crore (USD 21.5 million) in a series C equity funding from CaptialG and existing investors to fund its business growth. Apart from CaptialG (formerly Google Capital), the existing investors SAIF Partners and LGT have infused equity in this ... Read More »

Over 2.4 crore NCERT textbooks pre-booked online

Over 2.4 crore NCERT textbooks have been pre-booked by schools and students from across the country within a month after the council launched an online portal for the purpose, an official said today. To deal with the “virtual” shortage of books which forced parents to buy expensive books from private publishers, the National Council of Educational Research and Training (NCERT) ... Read More »

Piramal Finance sanctions Rs700 crore in second funding round to ACME Solar

Piramal is committed to continued investments in sustainable energy in the near future, says Khushru Jijina, managing director, Piramal Finance. Bengaluru: Piramal Finance Ltd, a subsidiary of Piramal Enterprises Ltd, has sanctioned an additional Rs700 crore to renewable energy firm ACME Solar Holdings Ltd through its non-real estate lending arm Corporate Finance Group (CFG). The financing has been done through a ... Read More »

Xander finance invests 130 crore in Adarsh developers ‘residential project’

Xander Finance, the non-banking finance arm of Xander Group, had invested Rs 130 crore in Adarsh Developers’ residential project in Bengaluru.”We have already funded more than half of the total commitment of Rs 130 crore provided to Adarsh. This facility is for project development for their villa projects in and around south-east Bengaluru,” said Amar Merani, the CEO of Xander ... Read More »

This 21-year-old Delhi boy got a Rs 1.25 crore placement offer from Uber

21-year-old Sidharth, a computer science engineering student has been offered the job of a software engineer at the Uber’s San Francisco office. He will get an annual package of Rs 1.25 crore with other benefits. In picture, 21-year-old Sidharth ( Image source- HT) RELATED STORIES Assam to get three new medical colleges QS World University Ranking producers visit India to ... Read More »

Gujarat government to provide Rs 200 crore for student innovation policy

It is widely speculated that the policy, which is all set to roll out, will support students to realise their innovative ideas into reality. Gujarat Chief Minister Vijaybhai Rupani. RELATED STORIES IITs want to introduce executive M.Tech Mehbooba Mufti announces ex-gratia relief of Rs 5 lakh, jobs to victims of Kashmir unrest Telangana to mark Osmania University’s 100 year anniversary ... Read More »

IIT Bombay to accept Rs 8 crore from 1991 batch

The legacy project was set up by the 1991 batch to benefit the institute and the stakeholders associated with the institute. IIT Bombay RELATED STORIES Student Islamic Organisation writes to MCI to conduct NEET in Urdu IIT-Madras websites get hacked, pro-Pak message displayed: Shocking! Delhi records rise in number of students Smriti Irani lays foundation stone of NIFT Panchkula Centre ... Read More »