Tag: Crore
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Punjab Congress Suspends Navjot Kaur Sidhu Over Controversial ‘Rs 500 Crore’ Comment
A day after Congress leader Navjot Kaur Sidhu triggered a political row by claiming that the party takes “Rs 500 crore in a suitcase” from anyone aspiring to become Chief Minister, the state unit on Monday suspended her with immediate effect. The official letter has not stated any reason for the sudden move. Her remarks…
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15 Crore Jan Dhan Accounts Declared Inoperative, Says MoS Finance
MoS Finance reveals 15 crore PM Jan Dhan Yojana accounts are inoperative, representing 26% of total accounts. New Delhi, Dec 8 (PTI) As many as 15 crore, or 26 per cent of the total 57.07 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts, are inoperative, Minister of State for Finance Pankaj Chaudhary said on Monday.…
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PSU Banks Write Off ₹6.15 Lakh Crore in Loans Over 5.5 Years
A comprehensive breakdown of the Finance Ministry’s disclosures in Parliament: massive loan write-offs by Public Sector Banks, improving capital positions without government infusion, rising digital fraud cases, and the scale of export credit disbursement over the past five years Loan write-offs, cyber frauds, export credit: Govt shares key banking data in LS Public sector bankshave…
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London Billionaire Siddharth Shankar Invests Rs 4 Crore in Indian Diaspora Tech
Indian-origin billionaire entrepreneur Siddharth Shankar, who is currently based in London, has invested INR 4.2 crore ($500,000) in a seed-stage venture capital fund called Arya Ventures, according to PTI. The newly launched banner is dedicated to backing fellow Indian-origin entrepreneurs’ seed-stage technology and artificial intelligence startups in the UK and the US. Billionaire Siddharth Shankar…
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₹827 Crore in Refunds Issued as 4,500 Bags Returned to Passengers
IndiGo flights cancelled live: Luggage of passengers whose IndiGo flight was cancelled sits on trolleys at an airport in Pune. IndiGo flights cancelled live: Crisis-hit IndiGo on Monday said that refunds worth ₹827 crore were paid to customers for cancelled flights between November 21 to December 7, the ministry of civil aviation has said, adding…
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Finance Ministry Reveals Over 15 Crore Inactive Jan Dhan Accounts
The government has said that 15.09 crore Jan Dhan accounts are currently inoperative across the country, out of a total of 57.07 crore accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY). The information was shared in a written reply by Minister of State for Finance Pankaj Chaudhary in the Lok Sabha. Under the Reserve…
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Mufin Green Finance Secures ₹90 Crore in NCDs for Solar and Clean Energy Expansion
Mufin Green Finance Ltd has raised ₹90 crore through a private placement of secured, rated and listed non-convertible debentures (NCDs) as the non-bank lender seeks to scale its rooftop and commercial solar financing portfolio alongside other green-lending verticals. The company said in an exchange filing that it allotted 9,000 NCDs of ₹1,00,000 each on December…
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Karnataka and Taiwan’s Allegiance Group Collaborate on ₹1,000 Crore Industrial Technology Innovation Park
Karnataka Partners with Taiwan’s Allegiance Group to Build Industrial Technology Innovation Park Karnataka has signed a landmark MoU with Taiwan’s Allegiance Group to build a Rs 1,000 crore tech innovation park aimed at accelerating the state’s electronics and semiconductor growth. Karnataka Secures Massive Taiwan Investment for New Tech Park The Government of Karnataka has signed…
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Behind the Scenes: Kapil Sharma’s Co-Star’s Journey to a Rs 50 Crore Business
In recent years, many Bollywood celebrities have taken to entrepreneurship to establish a secondary source of income that supplements their primary one. Most of them however, invest in these business ventures after having amassed a substantial amount of wealth so it is rare to see some stars strike out before establishing their film careers. One…
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JRB Group Eyes ₹1,000 Crore Revenue with Expansion of Sagar Ratna, Swagath, and Ocean World Brands
Mumbai: JRB Group aims to reach about Rs 1,000 crore in revenue in the next five years, supported by expansion across its portfolio of brands, including Sagar Ratna, Swagath, and Ocean World, according to a senior company executive. “The group revenue in 2024-25 stood at over Rs 450-400 crore. Currently, we are growing at 12-15…