NEW DELHI: Fundraising through qualified institutional placements (QIPs) reached an all-time high in 2024, exceeding the Rs 1 lakh crore mark for the first time. This milestone, fueled by strong stock market conditions and higher valuations, saw Indian companies raise Rs 1,21,321 crore via QIPs by November, as per data from the Prime Database.This marks…
NEW DELHI: Union Jalshakti minister CR Patil on Sunday announced the commencement of Rs 40,000 crore worth project by PM Narendra Modi to link 11 rivers in Rajasthan to transform it into a water surplus state. Speaking at the inauguration of Suchi Semicon’s semiconductor plant, Patil urged corporates to prioritise water harvesting initiatives to tackle…
NEW DELHI: State-owned National Buildings Construction Corporation (NBCC) Ltd is aiming to expand with plans to grow its consolidated order book to Rs 1 lakh crore by March next year, up from the current Rs 84,400 crore, as it focuses on broadening its business presence across India.NBCC (India) Ltd operates in project management consultancy (PMC),…
NEW DELHI: Over the past 10 years, Coal India Ltd has allocated Rs 5,570 crore for Corporate Social Responsibility (CSR) initiatives with main primary focus on education, healthcare, sports, skill development and women empowerment, chairman PM Prasad revealed on Sunday.“Coal India spent Rs 5,570 crore in Corporate Social Responsibility initiatives over the past 10 years,”…
NEW DELHI: The Ministry of Finance on Saturday revealed that the Unified Payments Interface (UPI) completed 15,547 crore transactions between January and November 2024. These transactions amounting to Rs 223 lakh crore reflect UPI’s transformative impact on financial transactions across India.UPI is driving a global revolution, not only expanding across international markets but also positioning…
From Excess Fees to Dropouts: How Karnataka Can Transform Its Education System The Covid-19 pandemic wreaked havoc on education systems around the world, and Karnataka was no exception. A recent report from the Comptroller and Auditor General (CAG) revealed alarming findings regarding the state’s private schools overcharging students, exacerbating the challenges faced by already struggling…
NEW DELHI: In a seamless coordinated effort, the fourth and last National Lok Adalat for this year, organised by National Legal Services Authority (NALSA), settled 1.45 crore cases, and importantly, prevented 1.22 crore fresh cases entering the system, which is already groaning under a monstrous pendency of 4.65 crore cases.Working with the motto ‘Resolving Disputes,…
BENGALURU: Bengaluru-based BlueStone Jewellery and Lifestyle, which offers contemporary diamond, gold, platinum, and studded jewellery under an eponymous brand, on Thursday filed for an initial public offering to raise Rs 1,000 crore ($118 million as per current exchange rates).The IPO also included an offer-for-sale (OFS) component for BlueStone’s investors Accel India, Saama Capital, Kalaari Capital…
Mumbai court approves sale of Mehul Choksi’s assets worth Rs 2,565.90 crore A Mumbai court has approved the sale of assets worth Rs 2,565.90 crore ($312 million USD) seized from Mehul Choksi, a key figure in the Punjab National Bank (PNB) fraud case. This move aims to compensate victims of the fraud. Over ₹125 crore…
HYDERABAD: Axis Bank officials from Begumpet branch in Hyderabad are accused of allegedly siphoning off Rs 6.5 crore from account of a man of Indian origin living in New South Wales, Australia.Police said the cash was allegedly siphoned off over past two years from the premium account of Paritosh Upadhyay, an overseas citizen of India…