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LIC offers Rs 1.25L-cr line of credit to fund projects: Nitin Gadkari

Sunday, July 21, 2019, 1:37 PM

LIC offers Rs 1.25L-cr line of credit to fund projects: Nitin Gadkari

As part of innovative modes of financing to meet India's huge infrastructure appetite, insurance giant LIC has agreed to offer Rs.1.25 lakh crore line of credit by 2024, to fund highway projects, Union Minister Nitin Gadkari said. The Minister said that the line of credit will be used to fund the ambitious Bharatmala project, the revised cost of which has reached Rs.8.41 lakh crore.

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345 infra projects show cost overruns of Rs 3.28 lakh crore

Sunday, July 21, 2019, 11:58 AM

345 infra projects show cost overruns of Rs 3.28 lakh crore

As many as 345 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.28 lakh crore owing to delays and other reasons, a report said. According to the report, the expenditure incurred on these projects till April 2019 is Rs 8,84,906.88 crore, which is 40.94 percent of the anticipated cost of the projects.

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20 July 2019, Saturday

Salary of The Indian Team Which Won 1983 World Cup

Indian Cricket was born after the 1983 World Cup in England. The legendary Kapil Dev and the team ca ...

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Centre approves Rs 1,600 cr for Dibang Multipurpose Project

Thursday, July 18, 2019, 10:13 AM

Centre approves Rs 1,600 cr for Dibang Multipurpose Project

The Centre approved Rs 1,600 crore for pre-investment activities of the Dibang Multipurpose Project (MPP) in Arunachal Pradesh. The project is envisaged as a storage-based hydro-electric project with flood moderation as the key objective. The decision has been taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, according to an official statement.

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Sachin Bansal invests Rs.200 crore in Piramal Enterprises' debt

Tuesday, July 16, 2019, 6:50 PM

Sachin Bansal invests Rs.200 crore in Piramal Enterprises' debt

Flipkart Co-founder Sachin Bansal has invested Rs.200 crore in debt papers issued by Piramal Enterprises, via non-convertible debentures (NCDs) route, a source reported. The NCD, issued at an interest coupon of around 9.5% and a repayment period of two years, would be used in Piramal's financial services business, the report said. Piramal Group is also reportedly in fundraising talks with SoftBank.

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Hyundai to invest Rs 2k cr for Rs 10 Lakh e-car

Tuesday, July 16, 2019, 11:32 AM

Hyundai to invest Rs 2k cr for Rs 10 Lakh e-car

Hyundai is planning to drive in a Rs.10-lakh electric car in India, and will spend over Rs.2,000 crore to develop the vehicle that will be manufactured at its Chennai factory. The car could be a mini SUV, though different body types such as a premium hatchback, are also being considered. It will also be exported across Middle East, Latin America, Africa and Asia.

Article

 

11 July 2019, Thursday

Health Insurance for Traveler: All You Need to Know

A travel medical insurance is a type of health insurance plan, which covers medical emergencies in a ...

Article

 

10 July 2019, Wednesday

Get an ePAN in 10 Minutes

The e-PAN has been introduced by the income tax department. With e-PAN, first time taxpayers can instantly receive the PAN online. The Government is w ...

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Swiggy lines up $100m to deliver milk, other essentials

Wednesday, July 10, 2019, 2:54 PM

Swiggy lines up $100m to deliver milk, other essentials

Swiggy will invest $100-million for its subscription-based delivery business under Supr Daily, which delivers milk and other daily essentials to consumers, according to two sources familiar with the development. Swiggy acquired Supr Daily last year even though it hasn't made an official announcement on the same. The unit is already doing more than 1 lakh deliveries/day in six-cities including Bengaluru, Mumbai and Delhi-NCR.

Article

 

06 July 2019, Saturday

Key Takeaways From Union Budget 2019

The Finance Minister Nirmala Sitharaman has presented the Union Budget 2019. Minimum Government with Maximum Governance is the keyword. As India moves ...

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