Tag Archives: crore

Higher education in India gets a Rs 8,000 crore boost

Government’s estimated schematic budgetary expenditure on health, education and social protection for 2018-19 is Rs 1.38 trillion. Photo: HT New Delhi: To increase investment in higher educational institutions, the Union Cabinet today approved a proposal for expanding the scope of Higher Education Financing Agency (HEFA) by expanding its capital base to Rs 10,000 crore and tasking it to mobilise Rs 1 ... Read More »

GST Collections Rise To Rs. 86,703 Crore In December, Says Finance Ministry

As many as 56.30 lakh GSTR 3B returns have been filed for December, Finance Ministry said. New Delhi: Halting two months of decline, the GST collections gathered momentum in December, rising to Rs. 86,703 crore. “Total revenue Collections under GST for the month of December 2017 (received in December 2017/January up to January 24, 2018) has been Rs.86,703 crores till January 24 2018,” the ... Read More »

PM Narendra Modi govt to give Rs 10,000 crore to 20 universities to make them world-class

In order to make universities world-class, Prime Minister Narendra Modi has recently announced to give Rs 10,000 crore to 20 varsities across India. This announcement from the PM Modi came after no Indian varsity figured among the top 500 globally. Further, while delivering the speech at Patna University, PM Modi said the measures like grant of central status were “a ... Read More »

UK’s CDC Group likely to invest over Rs100 crore in Veritas Finance

D. Arulmany, managing director and chief executive of Veritas. Mumbai: CDC Group Plc, the UK government’s development finance institution, is in advanced talks to invest over Rs100 crore in Veritas Finance Pvt. Ltd, which lends to micro and small enterprises, said two people aware of the development. Chennai-based Veritas Finance was registered as a non-banking financial company (NBFC) by the Reserve ... Read More »

Rs 3,000 crore deal: IndoStar to buy stake in ICICI Home Finance

  Photo: www.shutterstock.com IndoStar Capital Finance, a non-banking finance company (NBFC) controlled by private equity firm Everstone Capital, is all set to acquire a majority stake in ICICI Home Finance at an equity valuation of Rs 3,000 crore for the ICICI Bank subsidiary.   Everstone Capital will also invest in the deal. Together IndoStar and Everstone will own two-third of the business. The remaining one-third will continue to remain ... 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 »

Toyota Hybrid global sales cross 1 Crore mark

Japanese automaker Toyota has reached new heights with over 1 crore hybrid vehicles sold across the globe. One the leading player in the global market, the automaker has achieved the feat in less than 20 years since it launched its first hybrid car, the Coaster Hybrid EV in Japan on August 1997. As of January 31, the cumulative worldwide sales ... Read More »

Hindustan Motors sold the Ambassador brand to Peugeot for Rs 80 crore

The iconic Hindustan Motor Ambassador has been sold to the French manufacturer Peugeot for an agreed sum of Rs 80 crore. The C.K. Birla Group, who owns the Hindustan Motors, formalised the deal with the PSA Group for the sale of the Ambassador brand, including the trademarks. The proceeds from the sale will be utilised by Hindustan Motors to clear ... Read More »

Porsche launches Cayenne S Platinum Edition at Rs 1.27 Crore

Back in July 2016, premium sports carmaker Porsche had launched the Cayenne Platinum Edition in the country. Following its success, this time around the automaker has launched the Cayenne S Platinum Edition in India, where the petrol variant is priced at Rs 1.27 crore and the diesel version is priced at Rs 1.31 crore (Ex-showroom, Maharashtra). The Platinum Edition cars ... 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 »